DraftKings has raised its full year revenue guidance as third quarter revenue increased by 57 per cent to $790 million from $502 million a year ago.
The company attributed the very strong performance to new market launches, efficient customer acquisition, and an increased parlay mix that contributed to a higher hold [...]
Gaming Laboratories International’s (GLI) recently acquired iGaming test lab, iTech Labs, has appointed Alvin Rizaldi as chief executive officer.
Rizaldi replaces Kiren Sreekumar, who founded the company in 2004 and has retired as CEO and managing director after 19 years in the role.
Sreekumar recently helped to facilitate the expansion of the [...]
Connecticut’s sports and iGaming wagering rose by 22 per cent to a new monthly record of $1.31 billion in September 2023.
Total sports wagers increased by 39 per cent to $181.0 million, with both retail and online betting posting monthly highs.
Online sports betting in Connecticut grew by 40 per cent to [...]
US casino operator Boyd Gaming has reported a 3 per cent increase in revenue to $903.2 million for the third quarter of 2023, with its Online division contributing nearly 10 per cent of the total.
The Online growth helped to offset a 2 per cent drop in Las Vegas Locals revenue [...]
Pennsylvania reported record iGaming revenue of $159.5 million in September, a rise of 42 per cent that spurred total gambling revenue in the Keystone State to $476.3 million.
Gambling revenue increased by 6 per cent in the month, but several sectors showed year-on-year declines.
Sports betting revenue was down by 27 per [...]
Sports wagers in Arizona fell by 1 per cent to $358.9 million in August, but there were contrasting performances from the state’s leading licensees.
Mobile wagering was down by 1 per cent to $354.6 million and DraftKings and FanDuel were evenly matched on monthly handle.
DraftKings’s handle fell by 11 per [...]
British gambling addiction charity Gordon Moody has named Monica Shafaq as its new chief executive officer.
Following an extensive and thorough recruitment process conducted by Gordon Moody’s board of trustees over recent months, Shafaq will take the helm from January 2024.
She brings 13 years’ experience in the charity sector and joins [...]
Swedish gaming and lottery operator Svenska Spel has confirmed that Patrik Hofbauer will step down as president and CEO at the end of January after five years in the role.
Hofbauer has informed the company's board that he will be leaving Svenska Spel on 31 January 2024 to take up the [...]
Sports betting in Arizona increased by 11 per cent to $323.2 million in July, with both mobile and retail channels showing year-on-year growth.
Arizona’s mobile betting rose by 11 per cent to $320.2 million and accounted for 99 per cent of the state’s monthly wagers.
Retail betting, including limited event wagering [...]
Sports wagers in Louisiana rose by 20 per cent to $153.9 million in August, driven by a 24 per cent increase in mobile betting.
Mobile betting climbed to $138.9 million in the month and helped to mitigate a 7 per cent decline in retail betting to $15.1 million.
Net proceeds from mobile [...]
Shares in Indian gaming operator Delta Corp fell to a new 52-week low Monday after the company revealed a tax bill of INR168.2 billion (approx. €1.9 billion).
The tax bill amounts to more than double the company’s market capitalisation and includes interest and penalties for the period from July 2017 to [...]
Pennsylvania’s iGaming revenue grew by 35 per cent to $145.0 million in August, and helped take the state’s total monthly gambling revenue to $457.2 million.
Online slots had record revenue in August, up by 39 per cent to $105.3 million, with online table gaming adding $37.3 million and online poker $2.4 [...]