Gambling Clear News
Jay Snowden, president and CEO of Penn Entertainment, confirmed that ESPN Bet will go live in November this year. Penn and sports broadcaster ESPN’s transformative $1.5bn deal will consist of Penn relaunching its existing Barstool Sportsbook as ESPN Bet. Off the back of the deal Penn is divesting its Barstool Sports sportsbook brand and selling
Red Rock Resorts posted a year-on-year drop in revenue during the second quarter following a decline within its casino business. The three months to 30 June were a mixed period for the land-based casino operator. Red Rock Q2 group and casino were down, but it experienced growth in other areas and net profit was also
German-facing sports betting and igaming operator Bet-at-home.com announced the business’ cost-cutting measures has tripled the company’s EBITDA, despite an overall decline in revenue. Bet-at-home’s gross gambling revenue stood at €24.2m in H1 2023. This was a 9.3% fall from the €26.7m the business achieved in the same period the previous year. The FL Entertainment-owned company
In its Q2 financial report Kindred posted a 29% year-on-year increase in revenue to £307.3m (€356m/$394m). Kindred’s Q2 focus on cost controls amid an ongoing strategic review and a strong performance in the Netherlands are keeping the business on track to surpass full-year earnings expectations, according to interim CEO Nils Andén. A total of £63.6m
Online casino dominates Ontario’s regulated igaming market, accounting for over 80% of wagers and more than 70% of revenue in the first quarter of the Canadian province’s financial year. Over the three months ended 30 June Ontario igaming customers wagered CA$14.0bn. This shows a vast jump from the $4.1bn staked in Q2 2022, when the
William Hill’s revenue declined just 0.5% to £1.24bn in 2022, following the completion of the sale of its non-US assets to 888 Holdings in July the same year. The tumultuous year saw the large decline in William Hill’s online segment largely offset by a resurgence in retail. The company’s retail revenue rose 52.7% year-on-year to
Following last week’s announcement that Playtech had priced €300m 5.8% senior secured notes due 2028, the gaming technology provider officially closed the deal today (28 June). On 21 June, Playtech announced that it had priced the bond offering. It detailed that the net proceeds from the issuance of the new notes would go towards redeeming
The German sports betting body Deutscher Sportwettenverband (DSWV) has taken aim at the country’s addiction association Deutsche Hauptstelle für Suchtfragen (DHS) for “incorrect” turnover figures. The DSWV said that the DHS’s “Yearbook on Addiction 2023” incorrectly estimated the size of the sports betting market. In support of this point, the DSWV highlighted the nature of
Denmark’s Danske Spil reported a year-on-year increase in revenue and net profit for the first quarter, driven by growth within its lottery operator business. Total revenue for the group in the three months to 31 March amounted to DKK1.22bn (£139.9m/€163.3m/$177.1m). This was up 8.4% from DKK1.12bn in the same period last year. Breaking this down
Monthly gambling revenue in Macau increased by 365.9% year-on-year to MOP15.57bn (£1.54bn/€1.79bn/$1.93bn) in May. The amount was comfortably higher than MOP3.34bn in the same month in 2022 and 5.8% ahead of MOP14.7m in April of this year. May’s total was also the highest monthly figure so far this calendar year. Macau has continued to benefit from
