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Eldorado Resorts

Eldorado Resorts posts Q1 loss as impairment charges weigh on bottom line

New York-listed casino operator Eldorado Resorts has reported a 26 per cent decline in net revenue to $473.1m for the first quarter of 2020, following the mandated closure of all of its properties in mid-March due to COVID-19.

For the first two months of the year, revenue was up 7 per [...]

1 min read
Oklahoma Indian Gaming Association

Oklahoma Indian Gaming Association suspends members over new compacts

The Oklahoma Indian Gaming Association (OIGA) has amended its bylaws to temporarily suspend the membership of two tribes that recently agreed new gaming compacts with Oklahoma Governor Kevin Stitt.

The OIGA bylaws were amended last week to allow it to suspend the membership of tribes which are found to be engaging [...]

1 min read
Caesars Entertainment

Caesars Entertainment sees first quarter revenue drop to $1.83bn

New York-listed casino operator Caesars Entertainment has reported a 14 per cent drop in net revenue to $1.83bn for the first quarter of 2020, as results were impacted by the temporary closure of its properties in mid-March due to the COVID-19 pandemic.

The company said that its performance in the first [...]

1 min read

Indiana online sportsbooks generate $26.3m in wagers in April

Indiana’s regulated sports betting market collected total wagers of $26.3m during the month of April, all of which was generate online.

Total wagers were down 65 per cent compared to the previous month’s $74.8m as the COVID-19 pandemic forced the continued closure of casinos across the state.

With no retail sportsbooks open, [...]

1 min read
Scientific Games

Venue closures cause revenue at Scientific Games to fall by 13% in Q1

New York-listed lottery and gaming supplier Scientific Games has reported a 13 per cent fall in first quarter revenue as the COVID-19 pandemic caused the temporary closure of casino operations in jurisdictions globally.

Total revenue in the first quarter of 2020 amounted to $725m, down from $837m a year ago, with [...]

1 min read
XLMedia

XLMedia lays off staff to deliver $5m in annual savings

Digital marketing specialist XLMedia said Monday that it expects save more than $5m a year through a reduction in its workforce.

With revenue this year impacted by the Google de-ranking and COVID-19 pandemic effects, XLMedia has concluded a review of its core functions and associated headcount.

As a result, the digital marketing [...]

1 min read

EvenBet Gaming secures supplier licence in Malta

iGaming software developer EvenBet Gaming has been granted licence approval by the Malta Gaming Authority (MGA) as the supplier looks to expand its poker offering into international markets.

The B2B licence allows Malta-licensed operators to access EvenBet’s core poker platform, which includes its Mini Games feature that offers hundreds of casino [...]

1 min read

South Africa’s Phumelela files for bankruptcy protection as COVID-19 bites

South African racecourse owner and betting operator Phumelela Gaming and Leisure is seeking to implement a business rescue plan to ensure the long-term survival of the company and horse racing in South Africa.

Phumelela said that it has experienced adverse economic and trading conditions for some time, which has been exacerbated [...]

1 min read
Maryland

Maryland Governor allows sports betting proposal to pass without signature

Voters in Maryland will get to decide whether to allow sports betting in their state to fund public schools.

The question of expanding gambling to include sports and event wagering will be subject to a referendum in November after Governor Larry Hogan allowed the proposal to pass into law without his [...]

1 min read

Iowa sports betting wagers slump to just $1.6m in April

Iowa’s licensed sports betting operators collected total wagers of just $1.6m in April after all 19 casinos were closed for the month due to COVID-19.

Total wagers slumped by 91 per cent compared to the previous month’s $19.6m total, with only online sports betting remaining operable during the month with limited [...]

1 min read
Colorado

Carousel Group readies US debut of SportsBetting.com

Madrid-based sports betting operator Carousel Group is preparing to launch in the United States for the first time after receiving license approval from the Colorado Division of Gaming.

The operator will roll out its SportsBetting.com brand in the recently regulated market through a partnership with licensed venue Johnny Nolon’s Casino.

“Despite the [...]

2 mins read

Penn National Gaming revenue falls 13% as COVID-19 hits Q1 results

New York-listed racing and gaming operator Penn National Gaming has reported a 13 per cent drop in revenue to $1.12bn for the first quarter of 2020, as the COVID-19 pandemic impacted its results in March.

Penn National enjoyed a strong start to the year with record results in January and February, [...]

1 min read
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