NeoGames, a provider of iLottery and iGaming solutions, has entered into a definitive agreement to be acquired by Aristocrat Leisure, a content creation and entertainment company, in an all-cash transaction. Under the agreement, NeoGames will be acquired for $29.50 per...

MGM Resorts reported better-than-expected first-quarter net income and revenue, driven by higher traffic in its Las Vegas and Macau resorts. The company's net income was $466.8 million, or $1.24 per share, surpassing analysts' estimates of one cent per share. Revenues...

Despite Bally's positive first-quarter earnings report, the stock price may not reflect all of the report's positives, leading to investor uncertainty. While the company's brick-and-mortar casino operations performed well, the overall strategy and performance of the US online gambling business...

Fanatics has acquired PointsBet's US business for $150 million, while Aristocrat has purchased NeoGames for $1.2 billion. Fanatics' deal involves acquiring the US arm of PointsBet, while the Australian and Canadian divisions, as well as the proprietary platform, will remain...

Illinois sports betting industry had a record-breaking March with total bets exceeding $1 billion, and the sportsbooks generated revenue of nearly $107.5 million. The March Madness basketball tournaments were a significant factor in driving the betting volume, and the bets...

On May 12, the Texas House approved two bills that would legalize resort casinos and online sports betting in the state. Bill HJR 155, which would allow for eight resort casinos and retail sports betting at casino locations, was approved...

Sportradar, a sports data and technology company, has reported positive results in Q1, with managed betting services and live odds offerings experiencing year-on-year revenue growth of 40% and 29% respectively. The company's total revenue rose by 24% to €208 million,...

According to Matt King, the CEO of Fanatics Betting & Gaming, the company has developed a challenger sportsbook from scratch. King believes that while consumer technology has disrupted many sectors, it has yet to make a significant impact on sports...

DraftKings has partnered with Samsung to launch DraftKings Network, a 24/7 free ad-supported TV service (FAST) channel, available on Samsung TV Plus. This makes DraftKings the first US sportsbook to launch such a channel, which aims to provide programming for...

Detroit's three casinos reported under $110 million in revenue in April, down 8% from a year ago, partly due to a $2.6 million payout from a sports betting parlay win. The casinos paid $69,237 in taxes to the state and...

MGM Resorts and Entain are in a proxy battle of competing M&A, with MGM Resorts looking to bolster its LeoVegas business and challenge Entain's position in the online space. MGM Resorts CEO Bill Hornbuckle outlined three "pillars" of potential growth...

Bally's has made a number of management changes, with Marcus Glover replacing Bobby Lavan as EVP and CFO and Charles Diao and Jaymin Patel joining as SVP of finance and corporate treasurer and vice-chairman of the board, respectively. The company...

FanDuel reported strong results in the first quarter of 2021, with average monthly players growing by 46% to 3.4 million, and revenue jumping 112% to $1.1 billion. FanDuel's retention rates were praised by Flutter CEO Peter Jackson as contributing to...

Morgan Stanley has revised its Macau-wide gross gaming revenue (GGR) estimates for 2023, with gaming revenues now projected to reach almost US$20 billion and rise to over US$25 billion next year. Analysts Praveen Choudhary, Gareth Leung, and Stephen Grambling expect...

Penn National Gaming is facing risks associated with its connection to the Barstool brand, as recent controversies have overshadowed the company's online progress. Analysts suggest that Penn will have to endure further social media storms to benefit from the audience...

Red Rock Resorts is benefiting from the recent migration of people from California to the Las Vegas Valley, which is transforming the region's demographic mix. The influx includes business owners and retirees who bring their wealth with them, creating a...

DraftKings, an online sports betting and iCasino operator, reported Q1 revenues up 84% to $770 million and adjusted EBITDA losses reduced to $221 million, beating market expectations. The company raised its FY23 guidance, with revenue predicted to reach $3.1 billion...

The Vermont Senate has given preliminary approval to H.127, a bill that would legalize online sports betting in the state. The legislation would allow up to six companies, such as DraftKings and FanDuel, to operate sportsbooks in Vermont. The bill...

Bally's Corp., the Rhode Island-based operator of casinos and online sports betting sites, is relaunching its online sportsbook, Bally Bet, in the United States with the help of technology providers Kambi Group PLC and White Hat Gaming. Bally's had previously...

Caesars reported that its digital business achieved net revenues of $238m in Q1 2023, compared to negative revenues of $53m in Q1 2022. CEO Tom Reeg said he was "cautiously optimistic" that the digital business had seen its last negative...