The Houston Democratic Senator Carol Alvarado has just submitted a pre-filed constitutional amendment that will agrees the topic of legalized casino gaming and sports betting. The Senate Joint Resolution 17 (SJR17) will be heard during the next year’s session and if it passes it will put it in the hands of the electorate to vote on adding casinos and sportsbooks to Texas. There is only one tribal casino in Texas, the Kickapoo Lucky Eagle, so it is less likely that it will face the tribal backlash that California saw. A statement taken from the resolution says, “Proposing a constitutional amendment to foster economic development and job growth and to provide tax relief and fund for education and public safety by creating the Texas Gaming Commission, […]

The Australian gambling machine manufacturer, Aristocrat Leisure have just announced their financial report for the year ending on September 30, 2022. The report shows very positive revenue growth for the company up 17.7% when compared to their previous report. Total revenue for the year reached AU$5.57 billion from AU$4.73 billion in 2021, leading to an annual profit of AU$1.1 billion. A quote from Aristocrat’s CEO, Trevor Croker states, “Aristocrat’s performance underlines the ongoing implementation of our growth strategy. Throughout the year we continued to invest in competitive product portfolios to drive further share growth across key segments, greater operational diversification and deeper business capability… This highlights the strength of our post-Covid recovery and our ability to execute in a challenging environment.”

Sportradar Group has just unveiled their Q3 revenue and the company has posted a new milestone in becoming profitable for the first time in its U.S. operations. The report shows Sportradar made great strides, boosting revenue to $31 million which is a 61% increase when compared to the prior years Q3. Sportradar has said that they attribute much of their growth to, “strong market growth and positive adoption of in-play betting.” The adjusted EBITDA also jumped up 11% for Q3. A quote from Sportradar’s Chief Financial Officer states, “The financial results in the third quarter demonstrated that Sportradar consistently has managed to grow almost three times faster than the underlying betting market and our growing scale has led to margin expansion – as indicated by […]