Posts From: June 2024

Penn Entertainment shares surge 10% on takeover bid

U.S. casino operator Boyd Gaming has approached Penn Entertainment to express interest in acquiring its peer that has a market value of more than $9 billion, including debt, according to people familiar...

Finance News
Delaware reports sports and online gaming turnover of $149 million in May

According to Delaware Lottery, online casino and sports betting revenue was $148.9 million in May, the first time that has happened after three consecutive months of double-digit gains. Delaware Lottery...

Finance News
Pennsylvania gambling revenue rises to $520 million in May

The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming, along with fantasy contests, during May 2024 was $520,997,868, an increase...

Finance News
New Jersey gambling revenue tops $500 million in May

The New Jersey Division of Gaming Enforcement announced the May 2024 total gaming revenue results. Based upon filings with the Division of Gaming Enforcement, Casino Win for the nine casino...

Finance News
Truist Securities ups guidance in Penn Entertainment

Shares of Penn Entertainment after moving lower after Truist this morning raised the firm’s price target on the shares to $25 from $23 and kept a Buy rating on the name. Penn...

Finance News
NSW Government weighs wagering tax shake-up

Tabcorp Holdings Limited has approached the NSW Government with an indicative proposal to make tax and regulatory changes to the wagering sector that would alter the way funding flows to...

Finance News
Investors seeking £100m payout from Entain

Investors could seek more than £100m in compensation from Entain’s failure to update them on issues with bribery and corruption at the group’s former Turkish operation. The planned action, led...

Finance News
PENN Entertainment CEO pay offer may provoke shareholder revolt

PENN Entertainment faces a revolt from shareholders over its controversial decision on senior bonuses despite making an adjusted EBITDA loss of $196.0 million in the first-quarter. Total compensation of Penn National...

Finance News
20 years in the game: TotoGaming celebrates its anniversary in the gambling industry

It all started with lotto Toto. June 10th, 2024 is an important day for the brand, TotoGaming celebrates its 20th anniversary. The history of Toto dates back to the lotto. Its founders launched TotoBet...

Finance News
US horse race wagering hits $1.4 billion in May

Wagering on U.S. Thoroughbred horse racing increased by 1 percent in May to $1.40 billion, compared to the same month in 2023, despite a decrease in race days and races....

Finance News