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April 19, 2023
April 19, 2023

Fanatics Sportsbook Live in 15 States by 2023 Football Season

Fanatics Sportsbook, the newly created sports betting arm of Florida-based Fanatics, could be live in as many as 15 US states by the start of the 2023 football season, according to founder and CEO Michael Rubin. The company is currently taking bets at a retail sportsbook at FedExField in Maryland, and is expected to begin mobile sports wagering in Massachusetts next month, followed by Pennsylvania and Ohio. Rubin forecasted that with proper execution, the company could generate as much as $8 billion in long-term earnings before interest, taxes, depreciation and amortization (EBITDA). Fanatics’ other divisions include collectibles and merchandise, with a significant expansion of the sports collectibles arm expected in 2024.
April 19, 2023
April 19, 2023

Las Vegas Sands Earnings in Focus

Las Vegas Sands Corp. reported its first profitable quarter since 2019, driven by the recovery of travel and tourism markets in Macao and Singapore. Sands executives expressed enthusiasm about the opportunity to welcome more guests back to their properties in 2023 and beyond, particularly in Macao where they see the recovery as being in the early stages. Sands officials believe that the recovery will be particularly good for the company because of its size in the market. They remain deeply committed to making investments that enhance the tourism appeal of Macao, positioning themselves to deliver strong growth as visitation to the market increases and travel and tourism spending recovers.
April 19, 2023
April 19, 2023

Virginia Casinos Report Slight Decline in March Revenue as Lottery Achieves Milestone

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, with table games revenue contributing more than $9.5 million. Virginia’s casinos paid out more than $6.7 million in taxes to the state, including distributions to the Problem Gambling Treatment and Support Fund, the Family and Children’s Trust Fund, and the host city. The Virginia Lottery, which oversees sports betting and other wagering outlets, recently achieved a milestone by becoming the first US lottery to operate its iLottery via a cloud-based program, powered by NeoPollard Interactive’s […]
View NFL Weekly Projections
April 19, 2023
April 19, 2023

Fanatics Sportsbook Live in 15 States by 2023 Football Season

Fanatics Sportsbook, the newly created sports betting arm of Florida-based Fanatics, could be live in as many as 15 US states by the start of the 2023 football season, according to founder and CEO Michael Rubin. The company is currently taking bets at a retail sportsbook at FedExField in Maryland, and is expected to begin mobile sports wagering in Massachusetts next month, followed by Pennsylvania and Ohio. Rubin forecasted that with proper execution, the company could generate as much as $8 billion in long-term earnings before interest, taxes, depreciation and amortization (EBITDA). Fanatics’ other divisions include collectibles and merchandise, with a significant expansion of the sports collectibles arm expected in 2024.
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April 19, 2023
April 19, 2023

Las Vegas Sands Earnings in Focus

Las Vegas Sands Corp. reported its first profitable quarter since 2019, driven by the recovery of travel and tourism markets in Macao and Singapore. Sands executives expressed enthusiasm about the opportunity to welcome more guests back to their properties in 2023 and beyond, particularly in Macao where they see the recovery as being in the early stages. Sands officials believe that the recovery will be particularly good for the company because of its size in the market. They remain deeply committed to making investments that enhance the tourism appeal of Macao, positioning themselves to deliver strong growth as visitation to the market increases and travel and tourism spending recovers.
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April 19, 2023
April 19, 2023

Virginia Casinos Report Slight Decline in March Revenue as Lottery Achieves Milestone

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, with table games revenue contributing more than $9.5 million. Virginia’s casinos paid out more than $6.7 million in taxes to the state, including distributions to the Problem Gambling Treatment and Support Fund, the Family and Children’s Trust Fund, and the host city. The Virginia Lottery, which oversees sports betting and other wagering outlets, recently achieved a milestone by becoming the first US lottery to operate its iLottery via a cloud-based program, powered by NeoPollard Interactive’s […]
Do you like it?
Read more