search menu

Casino & Gaming News

471 Results / Page 3 of 53


Background
close
  • 4

Draft Kings Marching Towards Profitability

July 10, 2023

DraftKings is reportedly on the verge of achieving a significant financial milestone, potentially posting its first-ever profit in Q2, as suggested by analysts at Jefferies. This would mark a considerable change for the online sports betting and fantasy sports provider. A shift from loss-making operations to profitability often signals a […]

close
  • 1

BET 365 Making a Push in the US Market

July 10, 2023

Bet365 seems to be successfully gaining a foothold in the US market, with notable success in Ohio, but its growth strategy appears heavily reliant on promotions. Whether this approach is sustainable as the market matures and if it can maintain or increase its hold rate without such heavy promotional activity […]

close
  • 8

Fanatics gets the nod for Points Bet Holdings

June 28, 2023

PointsBet has announced that its board unanimously recommends an improved $225 million offer from Fanatics Betting and Gaming (FBG) for its US betting interests. This offer represents a 50% increase from FBG’s prior bid. The deal will involve an initial payment of $175 million upon completion, with an additional $50 […]

close
  • 5

Pennsylvania Gambling Revenue Surges 7.05% YoY in May, Driven by iGaming and Sports Betting

June 25, 2023

The Pennsylvania Gaming Control Board (PGCB) has reported a 7.05% year-on-year increase in gambling revenue in May. Combined revenues across all sectors reached $479.3 million. Retail slots remained the primary revenue source, generating $210.8 million. iGaming saw substantial growth, with online casino revenues surging by 24.4% to $140.9 million. Sports […]

close
  • 4

DraftKings on the move

June 25, 2023

In New York, DraftKings maintained its lead in terms of gross gaming revenue (GGR) for the second consecutive week. In the week ending June 18, DraftKings generated GGR of $12.4 million, surpassing FanDuel’s GGR of $11.8 million. This follows the previous week when DraftKings overtook FanDuel for the first time […]

Subscribe Newsletter