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DraftKings shares surge on better-than-expected first-quarter results
May 7, 2023 - Sports-betting giant DraftKings’ shares surged 15% Friday in the aftermath of better-than-forecast first-quarter results. In addition, investors were incentivized by the company’s claim that it will be breakeven on an... Read more »
TribalNet: Small Michigan tribe can make a profit on internet gaming against bigger competition
November 10, 2021 - A small tribe in northwest Michigan is performing like the Little Engine That Could when it comes to internet gaming that was rolled out in the state in January. The... Read more »
September brings new Michigan record of $102.4 million in internet gaming revenue
October 14, 2021 - Online gaming and sports betting operators in Michigan reported $126.1 million in revenue in September, according to numbers released Thursday by the Michigan Gaming Control Board. That total includes a... Read more »
Pandemic withers Galaxy Gaming’s second-quarter results; acquisition seen as hopeful sign
August 30, 2020 - Galaxy Gaming felt the second-quarter coronavirus pain along with the rest of the casino industry, posting a loss and steep drops in cash flow and revenue. But the company saw... Read more »
GAN reports second quarter 2020 financial results
August 22, 2020 - GAN Limited today announced its operating and financial results for the three- and six-month periods that ended on June 30. Revenues increased 99% compared to the prior year’s quarter to... Read more »
Churchill Downs posts mixed 2Q results; announces online betting initiative in Michigan
July 30, 2020 - The coronavirus shutdown aftermath has been convulsive for Churchill Downs. An Illinois horseracing track had barely opened this month when one in Florida was forced to close. As the racetrack... Read more »
Penn says new ‘competitor’ in the northeast slices in company’s Massachusetts results
October 31, 2019 - Regional casino giant Penn National Gaming has 41 properties in 19 states. So a third quarter dip in one market can be offset by results from casinos in other locations.... Read more »
Full House Resorts applies to build new Illinois hotel-casino; loss widens and results miss Street forecasts
August 9, 2019 - Full House Resorts credited recent renovations for boosting performance at its Bay St. Louis, Mississippi, hotel-casino and said that the company has applied to build a hotel-casino near Chicago. But... Read more »
Igaming Focus: Bid for Bally’s, North Carolina sports betting, Entain’s big sale
March 14, 2024 - Hello and welcome to this week’s Igaming Focus newsletter. We have a stacked newsletter this week: Standard General bids again for Bally’s Corp As North Carolina launches sports betting, parlays... Read more »
Lottery business fuels IGT fourth-quarter revenue growth
March 12, 2024 - Lottery business continued to drive International Game Technology in the fourth quarter. A 7% rise in that segment’s revenue helped the company smash Wall Street’s projections for the period. Adjusted... Read more »