Posts From: June 2024

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
Allwyn revenue up 28% to €2.11 billion in first-quarter

Allwyn International has announced its preliminary unaudited financial results for the three months ended 31 March 2024 and provides an update on recent developments and current trading. Total Revenue of €2,108.6 million in Q1...

Finance News
Activist shareholder ups Entain stake to over 5%

Activist investor Eminence Capital has boosted its stake in Ladbrokes owner Entain to 5.8 per cent, making it the third biggest shareholder in the gambling giant. It follows Entain’s decision...

Finance News
Flutter Entertainment lands on TIME’s most influential companies list

Flutter Entertainment has featured on TIME’s list of the top 100 most influential companies 2024. The news magazine published its 2024 list on Thursday morning. It includes businesses from a wide variety...

Finance News