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Industry
August 5, 2024
Sports Betting Legalization Impacts Credit Scores, Boosts Bankruptcies
A new white paper analyzing the impact of legalized sports betting across the United States uncovered a concerning trend. The study, completed by expert researchers with the University of California, Los Angeles (UCLA), Anderson School of Management and the Marshall School of Business – University of Southern California, reveals that easy access to sports betting […]
Business
August 2, 2024
DraftKings Reports Significant Q2 Growth, Announces Share Buyback Program
Sports betting and digital entertainment company DraftKings Inc. published impressive second-quarter results for 2024, bolstered by rising customer numbers and effective engagement strategies. The Board of Directors authorized the company to repurchase up to $1.0 billion of its Class A common stock, demonstrating robust confidence in its future growth prospects. The Operator Did Not Stand […]
Industry
August 1, 2024
UKGC’s Q1 2024-25 Report Highlights Strong British Gaming
The United Kingdom’s Gambling Commission (UKGC) has published data about the British gambling industry’s performance in the first quarter of the fiscal year. The UKGC’s report compared the industry’s performance in Q1 FY 2024-25 to the results reported in the first quarter of the previous fiscal year. Results Increased Across the Board Q1, which covers […]
Business
August 1, 2024
RSI Posts Strong Q2 Results Thanks to Operational Efficiencies
Leading iGaming and sports betting operator Rush Street Interactive (RSI) has published its financial results for the second quarter of 2024 (Q2). In its report, the company highlighted a strong position as revenue skyrocketed and net loss decreased. RSI Posted Favorable Metrics RSI’s Q2 2024 report outlined record-breaking revenue of $220.4 million, up 34% from […]
Business
August 1, 2024
Bally’s Execs Tight-Lipped on Merger During Recent Earnings Call
Bally’s Corporation, the leading gaming and entertainment company with a strong presence in the United States, announced recently it has entered into a definitive merger agreement with its largest common stockholder, Standard General L.P. Despite the initial announcement, Bally’s executive didn’t discuss the topic during a recent earnings call on Wednesday. Per the strategic deal, […]
Business
July 31, 2024
Caesars Digital Shines with Record Q2 Revenue
Caesars Digital, the online sports betting and iCasino division of Caesars Entertainment, has been the bright spot in what was otherwise a tepid second quarter for the company. The digital segment reported a company record of $40 million in positive AEBITDA (adjusted earnings before interest, taxes, depreciation, and amortization), a significant leap from the $11 […]
Business
July 30, 2024
IGT Posts Strong Q2 Results as Gaming and Digital Sale Looms
International Game Technology (IGT) has published its Q2 report, highlighting strong financial results. Revenue remained mostly stable during the period, despite a few minor setbacks. IGT’s Financials Were Stable Revenue for the period stood at $1.05 billion, marking a 1% decline from Q2 2023. This comprised $436 million of Gaming and Digital revenue and $613 […]
Business
July 29, 2024
BetMGM Posts Negative H1 EBITDA Amid Investment Year
Gaming and betting giant Entain has published a report concerning the BetMGM brand’s performance in the first half of 2024 (H1). Co-owned by Entain and MGM Resorts International, the operator recorded accelerating momentum through the year. Negative EBITDA Is in Line with Expectations The H1 update highlighted net revenue from operations of 1 billion, up […]
Business
July 29, 2024
Revenue Decline Reports Denied by Fanatics, Sell-off Rumors Dismissed
Fanatics, the fast-growing betting operator with a solid presence across the United States, rejected recent media gossip, suggesting its boss may consider selling his share in the company or that its revenue is expected to dip by more than 10% this year. Two media outlets published investigative stories regarding the company last week. The stories […]
Business
July 26, 2024
FDJ Posts H1 Report, Refutes Kindred Deal Concerns
La Française des Jeux (FDJ) has published its H1 results, posting an increase in gaming revenue. In the meantime, the company’s chief financial officer addressed the looming acquisition of Kindred Group. FDJ’s H1 Results Were in Line with Expectations FDJ’s H1 report highlighted revenue of EUR 1.4 billion ($1.5 billion), marking an 11% increase year-on-year. […]
