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Industry
January 2, 2024
Ohio’s Betting Industry Recorded $6B in Handle in 2023
Ohio’s flourishing sports betting industry saw punters wager a total of $6 billion within a year of the vertical’s legalization. The Buckeye State greenlit wagering on sports on January 1, 2023, allowing the seventh most populous state in the USA to join the community of states where wagering is legal. For reference, a billion of […]
Business
December 22, 2023
Flutter Entertainment Shares Up 5% as Analysts Remain Optimistic
Renowned betting and gaming operator Flutter Entertainment experienced a significant surge in its share value. Despite increased competition, the company’s FanDuel brand has maintained its leadership position in the USA, and its overseas investments also pay significant dividends. This development aligns with Flutter’s plans to enter the New York Stock Exchange after it stops trading […]
Business
December 22, 2023
Analysts Bullish on MGM, LVS, Penn, Caesars Stock in 2024
Stocks that rely heavily on economic conditions and business cycles are called consumer cyclicals. Such stocks can include companies operating within the retail, housing, automotive and entertainment industries. This includes major gambling operators. According to a newly released report, Citi Research included two leading gaming and entertainment operators within its top choices for consumer discretionary […]
Business
December 21, 2023
Louisiana Betting Handle Soars in November, Sets New Record
The Louisiana Gaming Control Board (LGCB), the gambling regulator in the state, has announced its latest report, uncovering details regarding the performance of mobile and retail sports betting operators during November. Combined, the total handle reported by licensed retail and mobile betting operators last month hit $356.4 million. This figure confirms November was a busy […]
Business
December 21, 2023
Yolo Investments Unveils New €100 Million Fund Targeting Emerging Technologies
Yolo Investments, a leading investment firm specializing in gaming, blockchain, fintech, and emerging technologies, has officially launched its latest flagship investment fund, Yolo Fund II LP. This fund aims to raise a capital of €100 million and should bolster the company’s expansive portfolio in cutting-edge industries, aligning with its long-term goals. The Funding Will Maintain […]
Business
December 21, 2023
Michigan Betting Handle Sets Record in November amid ESPN Bet Launch
Earlier this week, the gambling regulator in Michigan, the Michigan Gaming Control Board (MGCB), released its latest report, uncovering details regarding the performance of commercial and tribal online gambling and betting operators. In total, gross receipts from sports betting and online gambling hit $209.2 million in November, representing a 1,9% increase when compared to the […]
Business
December 20, 2023
Americans Wager $79bn in a Record-Breaking Year
The American Gaming Association (AGA)’s recent report reveals an impressive surge in the US gaming industry, with Americans contributing to a remarkable 33% increase from the previous year’s betting volumes, setting the stage for a record-breaking year in the gaming landscape. While some segments performed better than others, the sector’s success is indisputable. The Sector […]
Industry
December 19, 2023
Kansas’s Four Casinos Post Mixed Results in November
The Kansas Racing and Gaming Commission published information about the state’s gambling revenues in November. The report was mixed, showing that two of the state’s four casinos posted revenue increases, while the remaining two’s revenues declined. The figures reported in this article are unaudited and based on figures from the Kansas Lottery Central Computer system. […]
Business
December 15, 2023
Mohegan’s Q4 Fiscal Results Highlight Growth and Diversification
The Mohegan Tribal Gaming Authority recently released its fourth-quarter fiscal results ending 30 September 2023, showcasing notable strides in revenue diversification despite inconsistent results across some metrics. The company’s dedication to its customers and employees also set it apart from the competition, as management remained confident in its 2024 prospects, placing significant hope in its […]
Industry
December 12, 2023
NY Mobile Betting Reports $2B in Handle for the Second Month in a Row
The New York sports betting market continues to post record-breaking monthly results. As reported by the New York State Gaming Commission, sports betting operators in the state recorded betting handle of $2.1 billion in November. This exceeds October’s spectacular results when the industry also exceeded $2 billion in bets, becoming the first state to surpass […]
