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Gambling News - 'Finance'
Business
June 14, 2024
Light & Wonder Unveils New $1bn Share Buyback Program
The leading cross-platform global games company, Light & Wonder (L&W), confirmed that its Board of Directors authorized a new share repurchase program. On Thursday, the company revealed that approval was granted for the repurchase of up to $1 billion in outstanding common stock under the terms of a new three-year share repurchase program. The new […]

Industry
June 13, 2024
Indiana Gaming Commission Releases May Betting Figures
The Indiana Gaming Commission has published information about the performance of the state’s sports betting market. Overall, the Indiana wagering sector’s results continued to fluctuate while FanDuel retained its spot as the top sportsbook. In May, Indiana’s sportsbooks recorded $361 million in handle, marking an 8.2% decline month-on-month and a 27.6% increase year-on-year. Despite the […]

Lottery
June 13, 2024
Lottery in North Carolina Surpasses $1bn in Digital Instant Game Sales
In November, the North Carolina Education Lottery confirmed the launch of mobile scratch-off games that have also become popular as digital instants. Following other US states that have already rolled out the activity, the Lottery sought that it would benefit its popularity and sales. This was a correct projection as mobile scratch-offs gained significant popularity […]

Business
June 11, 2024
Relay Confirms Closing of $35M Series B Funding Round
The leading cloud-based technology platform that plans to revolutionize and improve frontline communications for industries from hospitality to healthcare and education, Relay, announced the closing of a new funding round. On Monday, the company confirmed it completed a $35 million Series B funding round that was led by G2 Venture Partners. In addition to G2 […]

Industry
June 11, 2024
FanDuel Dominates Virginia Mobile Sports Betting Market
April saw FanDuel solidify its position as the dominant force in Virginia’s mobile sports betting landscape. The leading sportsbook reached another milestone by surpassing $700 million in all-time revenue. Data obtained through a Freedom of Information Act request to the Virginia Lottery revealed that FanDuel continues to lead the market with impressive performance metrics. FanDuel’s […]
Industry
June 10, 2024
NY Betting Handle Exceeds $200M Once Again
The New York State Gaming Commission has published a new financial update on the state’s sports betting industry. According to official data, the monthly wagering GGR exceeded $200 million for the second time ever. As mentioned, GGR stood at approximately $200 million, marking the second time New York has pulled off such a feat. For […]
Industry
June 10, 2024
Maine’s Betting Handle Grows, Revenue Continues to Decline
Maine published data about the financial performance of its sports betting industry in May, posting a decline in revenue in spite of an increase in betting handle. In total, sports bettors spent $39.9 million on sports wagers in May. This represents a 4.2% month-on-month increase from the figures posted in April. Despite the increase, sports […]
Industry
June 10, 2024
North Carolina’s Betting Revenue Drops 40.1% in the Market’s Second Full Month
North Carolina’s sports betting market experienced a significant downturn in its second full month of operations, with revenue plunging by 40.1%. The regulated sector still contributed substantially to the state’s budget. These funds will be instrumental in enhancing gambling harm protection efforts and financing various education and community-facing initiatives. All Metrics Recorded Notable Decreases According […]
Business
June 7, 2024
CBRE Experts Bullish on Wynn Resorts’ Al Marjan Island Project
Wynn Al Marjan Island, Wynn Resorts’ much-anticipated luxury resort in Ras Al Khaimah, United Arab Emirates (UAE) is currently under development. The resort represents an investment close to $4 billion with Wynn’s share being around $900 million. The new luxury resort is expected to bring economic stimulus to the region while granting Wynn unique growth […]
Business
June 6, 2024
Eminence Capital Becomes Entain’s Fourth Largest Shareholder
Ricky Sandler, CEO of Eminence Capital, has increased his stake in Entain to 5.18%, making Eminence Capital the fourth largest shareholder of the FTSE 100 firm. On 3 June, Sandler acquired an additional 7.1 million shares, bringing Eminence Capital’s total holdings in Entain to 37,154,030 shares, thus surpassing the 5% reporting threshold. Entain Is Increasingly […]