Racing News

Flutter Entertainment

Andrew Higginson to step down from Flutter board

London-listed betting and gaming operator Flutter Entertainment has announced the planned departure of director Andrew Higginson at the end of this year.

Having served three years as non-executive director, Higginson has notified the Board of his intention to step down by December 31.

In the meantime, Alfred F. Hurley Jr will assume [...]

2 mins read

FanDuel TV set for launch after rebrand from TVG Network

FanDuel Group is rebranding its TVG Network to FanDuel TV ahead of the launch a new over-the-top (OTT) platform for North American viewers.

Set for launch in September, FanDuel TV and FanDuel+ will become the first linear and digital network dedicated to sports betting, with Kay Adams headlining the network with [...]

4 mins read

ATG sees first half revenue drop 2% after horse race betting decline

Swedish betting and gaming operator AB Trav och Galopp (ATG) has reported a 2 per cent drop in net gaming revenue (NGR) to SEK2.6bn for the first half of 2022, with a decline in retail offsetting continued growth online.

After last year’s record performance, NGR from ATG’s core horse race betting [...]

1 min read

Tabcorp profits from demerger but full year revenue dips 4%

Sydney-listed gaming operator Tabcorp Holdings has posted a net profit of AUD$6.78bn for the financial year ended 30 June, including a gain of $6.51bn from the demerger of its lottery and keno arm.

Having successfully implemented the demerger of its former lottery and keno businesses on 1 June, revenue from Tabcorp’s [...]

1 min read
Barstool Sportsbook Ameristar

PENN Entertainment to take full ownership of Barstool Sports

New York-listed racing and gaming operator PENN Entertainment has exercised its right to acquire all of the remaining shares in Barstool Sports.

PENN Entertainment (previously Penn National Gaming) had acquired a 36 per cent stake in the business in February 2020 for $161.2m, including call rights with respect to all of [...]

1 min read

New Jersey gambling market grows in July despite sports betting decline

New Jersey’s betting and gaming market grew by 7 per cent in July as revenue from casinos, racetracks and their partners reached $480.7m.

While sports betting revenue declined again, falling 18 per cent year-on-year to $45.0m in July, this was offset by an 8 per cent increase in land-based casino win [...]

1 min read

New York Racing Association acquires stake in CDI’s United Tote

New York-listed gaming operator Churchill Downs Incorporated (CDI) has agreed to sell a 49 per cent stake in its United Tote business to a subsidiary of the New York Racing Association (NYRA).

The stake is being acquired by NYRA Content Management Solutions, with the transaction subject to customary closing conditions, including [...]

1 min read
Flutter Entertainment

Flutter Entertainment shares soar as first half revenue climbs to £3.39bn

London-listed betting and gaming operator Flutter Entertainment has reported an 11 per cent increase in revenue to £3.39bn for the first half of 2022, of which more than £1bn was generated in the United States.

Benefiting from a 14 per cent increase in recreational customers to 8,716,000, first half revenue from [...]

1 min read
888 Holdings

888 Holdings’ profit falls 65% in first half of 2022

888 Holdings has reported a 13 per cent fall in revenue to £332.1m for the first half of the year, driven by lower revenue in the United Kingdom.

888’s largest geographic market generated 25 per cent less revenue than a year ago at £120.8 in the first half of 2022, accounting [...]

1 min read

Entain sets new dividend policy as H1 revenue climbs 18%

Entain has reported an 18 per cent increase in total net gaming revenue for the first half of the year, with a recovery in retail offsetting lower revenue online.

Entain’s total net gaming revenue (NGR) in the first six months of 2022 amounted to £2,117.6m, with a 7 per cent fall [...]

1 min read
Gambling Commission

Britain’s online gambling yield falls in the second quarter of 2022

Britain’s largest online gambling operators have recorded a significant fall in Gross Gaming Yield in the second quarter of the year, with every gaming vertical showing a decline versus the same period last year.

The data released Thursday by the Gambling Commission covers the biggest operators who together account for approximately [...]

1 min read

Interactive drives Q2 revenue growth for newly renamed PENN Entertainment

New York-listed Penn National Gaming has been renamed PENN Entertainment as the racing and gaming operator reported a 5 per cent increase in revenue to $1.63bn for the second quarter of 2022.

The year-on-year growth was driven by a 61 per cent increase in Interactive revenue to $154.9m in Q2, while [...]

1 min read
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