Gambling Clear News
Welcome to iGB’s State of the Union, a look at the biggest North American sports betting stories we’ve covered over the week and briefs on others we found interesting. Alberta up next? Or maybe Quebec? When it comes to legalising or launching sports betting in the US, money is often the driver. Seems the same
Virginians wagered $635.5m (£508.2m/€593.7m) in sports during March, a rise of 24.2% year-on-year. The Virginia Lottery‘s monthly wagering report for March presents results from both mobile operators and casino retail venues. Beginning with mobile operators, gross sports wagering revenue of $629.7m for the month was an increase of 24.2% from March 2023. Gross winnings were
The Massachusetts Gaming Commission (MGC) is considering further tightening their promotional and advertising prohibitions. At a meeting on Tuesday (30 April), the commission discussed banning promotions or bonuses that are not related to gaming. The first state to consider a non-gaming related promo ban was Ohio. In that state, Fanatics offered promotions that crossed between
Melco Resorts & Entertainment returned to a net profit in Q1 as ongoing recovery in Macau helped push group revenue up 55.2% year-on-year to $1.11bn (£887.2m/€1.04bn). Macau has bounced back since reopening in full last January when all remaining pandemic measures were dropped. Melco referenced this as one of the main reasons behind full-year growth in 2023
Playtech has extended a strategic partnership between its Playtech Software Limited and the NorthStar Ontario subsidiary of NorthStar Gaming Holdings and agreed to advance CA$3.0m (£1.8m/€2.1m/US$2.2m) in short-term financing to the latter. Signed in June last year, the strategic marketing agreement aims to accelerate the NorthStar player acquisition strategy in Ontario. The initial agreement resulted
Nevada reported gambling revenue of $1.29bn (£1.03bn/€1.2bn) over March, a 3.7% month-on-month decrease. March revenue in Nevada fell short of February’s total of $1.34bn, as well as 1.5% behind the same month last year, when the state’s licensees generated $1.31bn in revenue. The state collected $86.5m in taxes for the month. Slot machines continue to
Welcome to iGB’s State of the Union, a look at the biggest North American sports betting stories we’ve covered over the week and briefs on others we found interesting. Illinois regulator grants DraftKings full mobile licence Thursday (25 April), the Illinois Gaming Board unanimously awarded DraftKings a four-year mobile and retail licence. The company has
Kambi Group has entered into a multi-state sportsbook agreement with Choctaw Nation of Oklahoma, one of the largest Indian Nations in the US. Under the deal, Kambi will provide its sports betting technology and services to the Choctaw Nation’s gaming entities. This covers both online and retail sports betting. The Choctaw Nation operates Choctaw Casinos
Sweden’s Aktiebolaget Trav och Galopp (ATG) has pointed to growth in its horse racing sector as the key driver in reaching SEK1.3bn (£95.7m/€111.7m/$119.8m) in net gaming revenue (NGR) during Q1. Revenue is the highest ATG has ever recorded in a Q1, as well as a 9.2% increase on the same quarter last year, when it
European digital sports media publisher Skores Media has announced investment holding companies Stags Participations and MI3 and minority shareholders in the business. The transaction forms part of a primary leveraged buyout (LBO), with the aim of accelerating the company’s development. Stags and MI3 become minority shareholders alongside the founders of Skores Media. Using this new
