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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
July 15, 2024
Rush Street Interactive Sale May Be Imminent, Suggests Report
Earlier this year, rumors emerged about the potential sale of Rush Street Interactive (RSI), the leading betting and gaming operator with a presence across the United States and owner of the popular brand BetRivers. Although the rumors emerged in March, details are scarce with only DraftKings being named as a potential buyer of RSI. Despite […]
Sports
July 11, 2024
FanDuel Fined for Accepting Bets on Pre-Recorded PFL Fights
FanDuel has been fined $2,000 by New Jersey gambling regulators after taking bets on pre-recorded fights. They were also forced to pay out more than $230,000 in winnings. The incident occurred on April 1 this year when the company accepted wagers on Professional Fighters League (PFL) matches that had taken place a week earlier on […]
Casino
July 4, 2024
BetRivers launches Evolution casino live dealer games in Delaware
Since striking a partnership with the Delaware Lottery in 2023, BetRivers has been able to grow its offer locally, drive revenue, and make its product known and available to players with a soft spot for betting and gaming. BetRivers strengthens iGaming offer in Delaware Now, BetRivers is bringing even more worthwhile products to its shopping […]
Industry
June 18, 2024
JMP: DraftKings Cannibalized Fanatics’ Market Share in May
Equity research specialist JMP Securities has published its US sports betting report for May, outlining slight market changes. According to the firm, DraftKings’ market share soared that month, although the company was still unable to surpass FanDuel. As data from Indiana, Iowa, Maine, Maryland, New Jersey, New York and Kansas shows, operators recorded a 72% […]
Business
June 14, 2024
AGLC to Buy 150 Valor Terminals From Inspired Entertainment
NASDAQ-listed business-to-business supplier of gaming content, technology, services, and hardware, Inspired Entertainment, has announced a fresh partnership with Alberta’s governmental agency responsible for overseeing casino gaming, Alberta Gaming, Liquor, and Cannabis (AGLC). The announcement comes half a year after the start of what proved to be a successful trial period, as a result of which […]
Business
June 12, 2024
FanDuel and DraftKings Retain Dominance, Oust Competitors
Since the repeal of PASPA six years ago, sports betting expanded across the United States. This expansion helped create a healthy and competitive market. Although there are plenty of licensed operators, the unquestionable leaders remain FanDuel and DraftKings. The duo, cumulatively held a 73% handle share in April, according to Truist’s expert analyst Barry Jonas, […]
Business
May 17, 2024
FanDuel Dominates US Market Share in April, JMP Confirms
There are two leading betting and gaming operators that compete for the top spot across the United States. An overwhelming majority of nearly 40 US states offer some form of betting and competition between FanDuel and DraftKings for the top spot has never been greater. Cumulatively, the duo holds a significant share of approximately 80% […]
Business
May 17, 2024
AGT Parts Ways with CTO Bollesen with Immediate Effect
Ainsworth Game Technology (AGT) is parting ways with David Bollesen, its chief technology officer. The news was confirmed on May 16 in an official ASX announcement. The Australian Exchange filing noted that Bollesen is departing from the company “on mutual agreement, with immediate effect.” The company acknowledged his contributions and expert input and wished him […]
Casino
May 9, 2024
Internet Casino Gambling in the US Gains Momentum Despite Challenges
Internet casino gambling in the United States has a bright future ahead, according to industry experts and executives, who participated in this year’s SBC Summit North America. Despite a range of obstacles that are currently thwarting its expansion and concerns regarding its impact on brick-and-mortar casinos, the overall sentiment from the industry is positive. Industry […]
