Singapore has been cementing its crown as the gaming king in Asia for 2022 with Resorts World Sentosa posting massive increases in gaming revenue and leading its group, Genting Singapore, to a massive year with $258 million in profits. Resorts World Sentosa posted $919 million in revenue as international investors returned causing an uptick in non-gaming revenue. Macau has been fighting back for its position though as almost 1.4 million tourists came and went in January.

Texas mobile sports betting hopes are getting bigger as the Texas Sports Betting Alliance has announced its support for the pair of bills that could draw bipartisan backing. Bill 715 and Senate Joint Resolution 39 proposed by State Sen. Lois Kolkhorst would offer transparent licensing while attempting to reign in offshore betting in the Lone Star state. HB 1942 and HJR 102 proposed by State Rep. Jeff Leach, offers an identical strategy to Kolkhorst’s. Both bills have now been backed by the Texas Rangers (MLB), Dallas Cowboys (NFL), the Houston Texans (MLB), and other sports franchises across the state. The push for legal mobile sports betting was halted in that past years but offers promise as more begin to back the efforts.

DraftKings has just unveiled new numbers for Q4 showing a year on year revenue increase of 73% to $2.24 billion with adjusted EBITDA loss coming to $49.9 million. Despite posting a loss, DraftKings was able to outperform Wall Street expectations that predicted losses of more than double of what was posted. The new update brings DraftKings loss expectation to around $350-$450 million for 2023, a great improvement from its initial projected loss of $475-$575 million. The company is now predicting to post a positive EBITDA in 2024. A quote from DraftKings CEO regarding the reports states, “In the fourth quarter, we grew revenue by 81% versus last year and delivered positive Adjusted EBITDA in October and for the quarter when adjusting for our launch costs […]