Las Vegas Sands reported a 17 per cent increase in net revenue to $1.01bn for the third quarter of 2022, despite the continued impact of travel restrictions and reduced visitation to casinos in Macao.
Net revenue from the company’s Macao operations fell by 58 per cent year-on-year to $258m, including a [...]
Strong growth in Parlay bets helped the Oregon Lottery generate gross sports betting revenue of $5.47m for September, a new monthly high for the market.
Betting handle for the month was $39.29m, up 57 per cent year-on-year, pushing sports betting gross revenue to $5.47m.
Parlay bets contributed 28 per cent of handle [...]
Connecticut’s sports betting and iGaming market generated more than $1bn in wagers for the first time in September.
In its strongest month yet, total wagers increased by 14 per cent compared to the previous month to $1.07bn, surpassing the market’s previous best performance in December 2021 which followed the opening of [...]
Pennsylvania’s gambling market grew to $448.5m in September following another strong performance from the sports betting and iGaming sectors.
Revenue generated from all forms of gaming increased by 8 per cent year-on-year, driven by a 78 per cent rise in sports betting revenue and a 15 per cent rise in iGaming [...]
Michigan’s online sports betting and iGaming market saw total gross receipts increase by 40 per cent year-on-year to $176.5m in September.
The state’s licensed commercial and tribal casino operators recorded a 26 per cent increase in iGaming gross receipts to $128.7m, with September online sports betting gross receipts more than doubling [...]
Digital sports media company Playmaker Capital is expanding its affiliate capabilities with the acquisition of Wedge Traffic.
Playmaker is acquiring the Glasgow, Scotland-based gambling affiliate for US$31.2m, comprised of a cash payment of $8.5m on closing and 3,694,933 Playmaker shares at a piece of $0.75 per share.
The total price includes a [...]
Nasdaq-listed lottery broker Lottery.com has appointed Edward K. Moffly as interim chief financial officer.
Moffly assumes the role from Harry Dhaliwal, who resigned in early October after three months with the company.
Moffly will receive $1,000 for each day he works for Lottery.com.
Dhaliwal’s exit follows the recent resignations of chief legal [...]
Gambling-focused media company Enteractive Media plans to go public on the Nasdaq stock market through a merger with special purpose acquisition company Parsec Capital Acquisitions.
The board of directors of both companies have approved the transaction, which is expected to close before the end of this year, subject to shareholder approval [...]
Fanatics has appointed Andrea Ellis as chief financial officer of the company’s gambling division.
Ellis will oversee business and financial planning and analysis across all finance functions as CFO of Fanatics Betting & Gaming, reporting to chief executive Matt King.
Fanatics Betting & Gaming is expected to launch in January, marking the [...]
New Jersey’s gambling market recorded a solid month of growth in September as total gaming revenue increased by 7 per cent to $485.0m, buoyed by growth across all products.
The state’s casinos, racetracks and their partners saw land-based casino win climb 1 per cent to $251.7m in September, while iGaming revenue [...]
London-listed betting and gaming operator 888 Holdings has reported a 7 per cent drop in total revenue to £449m for the third quarter of 2022.
Online revenue decline by 10 per cent year-on-year to £325m, mostly due to the impact of UK player safety measures and the closure of the Netherlands.
UK [...]
FuboTV is closing down its Fubo Gaming subsidiary in order to focus on future profitability.
Fubo Gaming’s sportsbook business will close with immediate effect after a strategic review found that it is unlikely to contribute to the company’s 2025 profitability targets.
Multiple parties expressed interest in the business, however, none of these [...]