Blog Posts

As of now, it is unclear who will acquire PointsBet Sportsbook or for how much. The company has hired investment bank Moelis & Co. to help expedite its exit from the North American sports betting market. PointsBet offers a New York sports betting license and market access across several supply-constrained […]

Legalized sports betting has become a new revenue source for states and professional sports leagues in the USA. Currently, 34 states and Washington D.C. have legalized sports betting in some capacity, with each state having the power to create its own rules. As for the states that have the most […]

Online gambling revenue in New Jersey reached a new high in March, with online casinos and poker generating $165.7m, an increase of 8.4% from the previous monthly high of $152.8m in January. Year-on-year, revenue in March 2023 was up by 17.8% compared to the same month in 2022, with online […]

Galaxy Entertainment Group’s upcoming Phase 3 and 4 of the Galaxy Macau resort will enhance its ability to gain market share in Macau, according to Credit Suisse analysts. The new amenities and increasing connectivity between the resort’s phases should underpin the company’s long-term growth, while the addition of non-gaming elements […]

The state of Virginia experienced a slight decline in casino activity compared to February, with two casinos bringing in a total of $37.4 million in adjusted gaming revenue during March. The Rivers Casino Portsmouth contributed $23.6 million, while the Bristol Casino added $13.8 million. Slot revenue accounted for $27.8 million, […]

According to Macau’s Gaming Inspection and Coordination Bureau, Macau’s gross gaming revenue (GGR) in the first quarter of 2023 reached about 45 percent of pre-Covid levels, with mass-market GGR at about 67 percent of 2019’s level, while the VIP segment only rose to 23 percent. The overall GGR rose to […]

According to the Indiana Gaming Commission’s casino revenue report for March, the state generated $217.9 million in adjusted revenue from its 12 casinos. This is a 3.4% year-over-year decline, and deductions in March reduced the state’s taxable revenue to $211.4 million. Indiana collected $69 million in tax revenue from its […]

According to data released by the New Jersey Division of Gaming Enforcement, Atlantic City’s nine casinos and three internet licensees collectively reported a 31.6% decline in operating profit in the fourth quarter of 2022. However, net revenues increased by 9.3% over 2021, exceeding $3.3 billion in 2022. The hotels’ occupancy […]

The New York State Gaming Commission has reported that online sports betting in New York continues to thrive, with a new monthly revenue record set in March 2023. New Yorkers wagered over $1.76 billion on sports during the month, which represents a 9% increase compared to the same period in […]