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Tabcorp

Tabcorp profit falls despite first half revenue growth

Sydney-listed betting and gaming operator Tabcorp Holdings has reported an 11 per cent increase in revenue to AUD$1.28bn for its financial half-year ended 31 December.

Wagering and Media revenue rose by 9 per cent year-on-year to $1.17bn, driven by the return of customers to retail venues post Covid lockdowns and retail [...]

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Mississippi sports betting handle drops 14% in January

Sports wagers in Mississippi dropped by 14 per cent to $57.2m in January, with declines across all the major sports.

American football ($22.8m) and basketball ($22.9m) had similar levels of handle for the month and accounted for 80 per cent of turnover. Wagering on American football fell by 5 per cent [...]

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Vilnius, Lithuania

Lithuania gambling turnover surpasses €2bn in 2022

Turnover in the Lithuanian gambling sector grew by 12 per cent in 2022 and took the total to a new annual high of €2.23bn.

Slot machines (categories A & B) accounted for the majority of turnover (58 per cent) at €1.29bn and grew by 9 per cent compared to 2021.

Sports betting [...]

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Singapore casino revenue rises 76% in 2022

Land-based gaming revenue at Singapore’s two integrated casino resorts increased by 76 per cent to S$3.56bn (€2.49bn) in 2022, as the country opened up again after its pandemic restrictions.

Marina Bay Sands (MBS) saw gaming revenue grow by 90 per cent to $2.33bn and Resorts World Sentosa’s (RWS) revenue was up [...]

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Corporate bookmakers drive Australian racing growth

Betting turnover on thoroughbred racing in Australia grew by 7 per cent in 2021/22 to AUD$29.14bn (€18.73bn), according to data published by Racing Australia.

The Australian TAB had total racing turnover of $9.46bn, a 5 per cent decline year-on-year, while corporate bookmakers’ racing turnover increased by 14 per cent to a [...]

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Pennsylvania makes strong start as January gambling revenue grows 18%

Pennsylvania’s gambling market has begun 2023 with an 18 per cent increase in revenue from all forms of gaming to $464.5m.

The year-on-year growth was driven by another strong performance from the iGaming sector as revenue rose 23 per cent to $133.1m, while sports betting revenue climbed 22 per cent to [...]

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Belgium World Cup betting stakes decline 16%

Belgium’s Gaming Commission has revealed that regulated betting turnover on the FIFA World Cup 2022 fell by 16 per cent to €279.0m, compared with the previous tournament in 2018.

The betting performance reflects the national team’s disappointing showing in the tournament, in which the Red Devils were eliminated at the group [...]

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Connecticut betting and gaming market continues to grow in January

Connecticut’s sports betting and iGaming market surpassed $1bn for the fifth consecutive month as January wagers climbed 16 per cent to $1.09bn.

Wagers from iGaming increased by 18.5 per cent year-on-year to $924.6m, while online sports betting wagers rose 4 per cent to $156.1m and retail sports betting wagers rose 33 [...]

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New Jersey

New Jersey betting and gaming revenue climbs to $436.9m in January

New Jersey’s casinos, racetracks and their partners enjoyed a strong start to 2023 as total gaming win grew by 14.5 per cent to $436.9m in January.

January’s gaming win was driven by a 20 per cent increase in sports betting revenue to $72.3m, while land-based gaming casino win rose 15 per [...]

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DraftKings

DraftKings posts $1.38bn loss in 2022 despite strong revenue gains

New York-listed sportsbook and iGaming operator DraftKings has reported a 73 per cent increase in revenue to $2.24bn for 2022, driven by a strong finish to the year in the final quarter.

Revenue in Q4 exceeded expectations and increased by 81 per cent to $855m, buoyed by successful launches of DraftKings’ [...]

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LeoVegas

LeoVegas slips to Q4 net loss as revenue nears €100m mark

MGM Resorts-owned online betting and gaming operator LeoVegas has reported a 1 per cent increase in revenue to €99.5m for the final quarter of 2022, buoyed by growth in Sweden, Spain and the United Kingdom.

The company benefited from growth in the Nordic region as net gaming revenue (NGR) rose 9 [...]

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Massachusetts land-based gaming revenue climbs 18% in January

Massachusetts’ three land-based casinos recorded an 18 per cent increase in total gross gaming revenue (GGR) to $96.9m in January, including the first results from the state’s newly regulated retail sports betting market.

Encore Boston Harbor generated the bulk of the total with January GGR from slots and table games climbing [...]

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