Racing News

Sports betting and iGaming drive New Jersey market growth in February

New Jersey’s betting and gaming market grew by 10 per cent in February as total gaming win from casinos, racetracks and their partners reached $412.2m.

As with the previous month, February’s growth was driven by a 77 per cent increase in sports betting revenue to $54.6m, while iGaming win rose 10 [...]

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Woodbine predicts bumper horse racing season and increased wagering

Ontario-based horseracing and betting operator Woodbine Entertainment is hoping to achieve its best ever season this year as it works with regulators to integrate pari-mutuel wagering into the province’s online sportsbooks.

The new season begins on April 22 and aims to attract a record audience, aided by this summer’s opening of [...]

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Higher costs impact Century Casinos profitability

Century Casinos stock fell 16 per cent in New York on Friday after the company reported a significant drop in earnings for 2022.

The casino operator reported consolidated revenue of $103.75m for the final quarter of 2022, a fall of 3 per cent year-on-year, although full year consolidated revenue improved 11 [...]

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Toronto, Ontario

Ontario gambling regulator Tom Mungham to retire

Canada’s Alcohol and Gaming Commission of Ontario (AGCO) has begun the search for a new Registrar and CEO to replace Tom Mungham.

Mungham will step down later this year after more than 33 years of public service, including 17 years at the AGCO, most recently overseeing the development and regulatory oversight [...]

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Weather dampens US horse racing wagers in February

Wagering on US thoroughbred racing fell by 5 per cent in February to $863.3m, according to latest data released by Equibase.

There were six extra race days in February (263) compared with the previous year, with the drop in monthly wagering attributed to separate issues at the Sam Houston Race Park [...]

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Belgium adopts new gambling advertising bill

Belgium’s new gambling advertising restrictions will come into force in less than four months.

Following publication in Belgium’s Official Gazette this week, the new law will come into force on July 1, 2023, although some of the restrictions around sport sponsorship will be phased in to allow for existing agreements to [...]

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Retail recovery drives Entain revenue growth but profit falls 93%

London-listed betting and gaming operator Entain grew full year net gaming revenue by 12 per cent to £4.35bn in 2022, with growth in retail operations offsetting a slight decline online.

Total online net gaming revenue (NGR) was below the company’s expectations and fell by 1 per cent to £3.05bn in 2022, [...]

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TAB NZ betting turnover fall 5% in January

TAB NZ’s betting turnover from racing and sports fell by 5 per cent year-on-year in January to NZ$230.1m (€134.6m).

The monthly turnover was actually NZ$2m ahead of budget, with the operator reporting that it had won back a number of high value customers from offshore competitors, which helped to strengthen turnover.

Gross [...]

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Finland set to amend Lottery Act to end disbursements to social causes

The President of Finland is expected to approve legislation today that will end the disbursement of Veikkaus’ profits to social causes.

In future, all profit from the state-owned gambling monopoly will be directed to the state budget.

The government claims that the change will aid responsible gambling efforts by ending the link [...]

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Flutter Entertainment

Flutter full year revenue grows 27% as US tops £2.6bn

London-listed betting and gaming operator Flutter Entertainment has reported strong results for 2022 as group revenue increased by 27 per cent to £7.69bn, including £2.6bn in revenue from the United States.

Revenue from sports betting grew by 21 per cent year-on-year to £4.79bn, while gaming revenue was up 23 per cent [...]

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Japan horse racing turnover nears €23bn in 2022

The Japan Racing Authority (JRA) has reported betting turnover of JPY3,269bn (€22.7bn) on the 3,456 races it hosted in 2022.

Last year's performance was 5 per cent higher than 2021 and extended the trend for consecutive year-on-year betting growth to 11 years.

Japan was one of the few racing jurisdictions that [...]

1 min read

Nevada gambling revenue rises 18% in January

Nevada’s gambling sector reported total revenue of $1.27bn in January, an increase of 18 per cent on the same month last year.

In a good start to 2023, slot machine revenue increased by 16 per cent to $847.5m. The multi denomination category of slots saw a 28 per cent rise in [...]

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