Gambling Clear News
Fitch Ratings has pointed to Macau’s “strong rebound” following the COVID-19 pandemic in predicting a positive financial outlook for Wynn Resorts. Macau’s gaming industry took a huge hit during the pandemic with extremely tight restrictions grinding the market to a halt. However, the removal of travel restrictions in early 2023 has induced an impressive response
Caesars Entertainment said growth within its digital division pushed revenue up 6.5% year-on-year in 2023, while the group is seeking to build on this success by acquiring WynnBet’s Michigan igaming business. The 12 months to 31 December 2023 proved to be a solid year for Caesars. Revenue was higher across all divisions, with group revenue
French lottery and gaming giant La Française des Jeux (FDJ) has published the public tender offer document for its proposed acquisition of Kindred Group. Revealed today (19 February), the document follows the offer FDJ put forward last month, valuing Kindred at SEK27.96bn (£2.12bn/€2.49bn/$2.68bn). FDJ has offered SEK130 in cash for each Swedish Depository Receipt (SDR) in
Alabama voters are a step closer to deciding whether sports betting will be legalised in the state after a bill was passed by lawmakers. The Alabama House passed two bills on Thursday which envisage the expansion of commercial gambling in the state. Bills HB151 and HB152, both sponsored by Rep. Chris Blackshear, must still be
Massachusetts recorded $71.1m (£56.5m/€66m) in taxable sports betting revenue for January, smashing the previous record of $61m. Massachusetts’ January revenue was a remarkable 17% increase on the previous highest month, set back in May 2023. Handle fell just 1.1% short of December’s $658.7m record, still accumulating $651.7m in what was another strong month for Massachusetts’
Super Bowl wagers in Pennsylvania totalled $71.5m (£56.8m/€66.4m), according to data released by the Pennsylvania Gaming Control Board. These were wagers made through both retail and online sportsbooks. In total, this is a decrease of 15.1% compared to Super Bowl 2023, when the Philadelphia Eagles were defeated by the Kansas City Chiefs. The regulator added
Detroit, Michigan’s three casinos recorded $94.4m (£75.2m/ €88.0m) in revenue for January. This marked a dip of 8.8% from January 2023. In total, $93.9m came from table games and slots, while $500,221 was generated by retail sports betting. The overall revenue also fell month-on-month, trickling down by 18.8% from Detroit’s December report. In terms of
Penn Entertainment has agreed to acquire Wynn Interactive Holdings’ New York sports betting licences, clearing the way for Penn to launch ESPN Bet in the state in 2024. The acquisition gives Penn market access in New York state. As part of the deal, Penn will acquire Wynn Resorts subsidiary Wynn Interactive’s mobile sports wagering licences
Barstool Sports has announced details of a new a multi-year sports betting partnership with DraftKings. Under the agreement, DraftKings is now the official sports betting partner of Barstool. David Portnoy, the founder of Barstool, confirmed the news in a blog post shortly after Super Bowl LVIII ended last night (11 February). The deal marks the second time
