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DraftKings

DraftKings posts Q3 loss of $450.5m despite revenue soaring 136%

DraftKings has raised its full year revenue guidance for 2022 after reporting better than expected revenue of $501.9m during the third quarter of 2022.

Revenue in Q3 soared by 136 per cent compared to a year ago, as B2C revenue grew 161 per cent to $492.8m, offsetting a 62 per cent [...]

1 min read

BlueBet invests in sports gamification platform Low6

Sydney-listed online sportsbook operator BlueBet Holdings has made a strategic investment in UK-based free-to-play sports gamification platform provider Low6.

BlueBet said that the US$500,000 investment will enable the company to expand its product offering into free-to-play games, while also assisting in onboarding and engaging its customer base.

“We are excited to announce [...]

1 min read
Flutter Entertainment

Flutter names new finance chief with Jonathan Hill set for COO role

London-listed betting and gaming operator Flutter Entertainment has named Paul Edgecliffe-Johnson as its next finance chief to replace Jonathan Hill, who moves to the newly established role of group chief operating officer.

Edgecliffe-Johnson brings 25 years' experience in finance and international businesses, and currently serves as CFO and group head of [...]

2 mins read

Pennsylvania gambling revenue climbs to $448.5m in September

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 [...]

1 min read
Detroit, Michigan

Michigan commercial casino revenue declines again in September

Michigan’s three commercial casinos in Detroit continued to struggle in September as total monthly aggregate revenue declined by 6 per cent to $103.4m.

Revenue fell year-on-year for the fifth consecutive month, with revenue from land-based slots and table games down 6 per cent at $100.8m, and retail sports betting revenue declining [...]

1 min read
American Gaming Association

AGA brings in Maureen Beddis to expand executive team

The American Gaming Association (AGA) has expanded its executive team with the appointment of Maureen Beddis as senior vice president, membership and events.

Beddis will join the AGA on 31 October after serving 16 years at The Vision Council, a non-profit trade association for manufacturers and suppliers of the US optical [...]

2 mins read

Xpoint looks to accelerate growth with new funding round

Miami-based geolocation technology provider Xpoint has received a multi-million dollar round of investment funding to support its continued growth in North America and worldwide.

The financing round includes new investments by Acies Investments, The Raine Group and SuRo Capital Sports, joining existing investors Bettor Capital and Courtside Ventures, both of which [...]

1 min read
FanDuel

FanDuel opens first UK Collaboration Hub

Leading betting and gaming operator FanDuel has opened the doors of its first UK Collaboration Hub in Edinburgh, Scotland.

The new hub aims to foster cross discipline working and drive project innovation, while bringing FanDuel colleagues closer to those at parent company Flutter Entertainment.

The UK Collaboration Hub is expected to create [...]

2 mins read

PlayUp agrees SPAC business combination with IG Acquisition Corp

Australian and US online sports betting operator PlayUp has agreed a business combination with special purpose acquisition company IG Acquisition Corp (IGAC), which will see the combined company listed in New York.

The transaction values PlayUp at $350m and is expected to close in the first quarter of 2023, subject to [...]

1 min read

Sports betting and iGaming drive Pennsylvania growth in August

Pennsylvania’s betting and gaming market continued to grow into August as revenue from all forms of gaming rose 4 per cent to $425.4m.

The year-on-year growth was driven by an 89 per cent increase in sports betting revenue and a 21 per cent rise in iGaming revenue, which offset declines across [...]

1 min read

FanDuel and WNBA agree multi-year partnership renewal

The Women's National Basketball Association (WNBA) has agreed a multiyear partnership extension with FanDuel to serve as an Official Sportsbook Partner and Official Daily Fantasy Partner of the WNBA. 

FanDuel has worked with the WNBA for the past five years and will now serve as an Official Sportsbook Partner, adding to [...]

3 mins read

SharpLink Gaming agrees deal to acquire fantasy sports operator SportsHub

Minnesota-based sports betting affiliate SharpLink Gaming plans to enter the fantasy sports market with a deal to acquire SportsHub Games Network in an all-stock transaction.

Founded in 2015, SportsHub’s platform currently serves 2m players and features fantasy sports games including the National Fantasy Championships, Bestball10s, Fanball and Fantasy National Golf Club.

“While [...]

1 min read
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