Tag: US
Vici Properties: Procure profit more than doubles to $2.51bn in 2023.
Vici Properties has revealed net profit more than doubled to $2.51bn (£2.0bn/€2.32bn) in 2023 after M&A activity drove revenue up 38.9%. For the 12 months to 31 December 2023, Vici posted $3.61bn in total revenue. This was comfortably higher than the $2.60bn reported in the previous financial year. As to how Vici achieved this level
Digital success tempered by Q4 stagnation in Caesars’ 2023.
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
Broad Bowl wagers hit $71.5m in Pennsylvania.
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 casino revenue down 8.8% 365 days-on-365 days.
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 to plot Wynn’s NY sports making a bet licences, launch ESPN Bet in affirm.
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 rankings sports having a bet partnership with DraftKings.
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
BetMGM indicators queer sports actions making a bet partnership with X.
BetMGM has announced a partnership with the social media platform X, formerly known as Twitter, becoming its exclusive live odds sports betting partner. BetMGM, a joint venture between Entain and MGM Resorts, labelled the move a “first-of-its-kind” partnership, with BetMGM’s odds and branding integrated onto the social media platform in the United States. The visible
BetMGM income nears $2bn in 2023.
BetMGM, the joint venture between Entain and MGM Resorts, generated almost $2.00bn (£1.59bn/€1.86bn) in revenue in 2023, reaching the upper end of its guidance range. Revenue for the 12 months to 31 December 2023 amounted to $1.96bn. BetMGM forecast between $1.80bn and $2.00bn for the full year, with several developments helping to drive growth. In line with
Games Global completes purchase of Neat Neighborhood B2B division.
Games Global has completed its acquisition of the B2B assets of Digital Gaming Corporation (DGC B2B) from Super Group. Supplier Games Global agreed to acquire the assets from Super Group exactly one year ago today (7 February). Financial terms of the deal are not public. Games Global says the purchase marks a significant milestone for the