Posts From: February 2024

Illinois eyes 35% sports betting Tax Hike

Gov. JB Pritzker called to more than double the Illinois sports betting tax rate to 35% as part of his $52.7 billion Fiscal Year 2025 budget presented to the public Wednesday. Though Pritzker did...

Finance News
Tabcorp sees first half revenue slide 5%

Tabcorp’s first half revenue slid 5 per cent to $1.2 billion and group earnings fell 14 per cent to $170 million figures that reflect the broader challenges facing the Australian...

Finance News
Online drives Bally’s full year revenue up 8.6% to $2.45bn

Bally’s today reported financial results for the fourth quarter and full year ended December 31, 2023. Revenues were $611.7 million, up 6.1% year-over-year and up 8.6% for the full year....

Finance News
Kinectify secures new funding from Aristocrat

Kinectify, a pioneering technology firm spearheading risk management innovation in gaming, has announced an incremental investment by Aristocrat Leisure. Aristocrat’s investment in Kinectify is joined by current investors contributing additional...

Finance News
New Hampshire Lottery partnership with DraftKings generates $100 million for public education

The New Hampshire Lottery and DraftKings are celebrating four successful years of sports betting by marking a major milestone. Since its inception in December 2019, the New Hampshire Lottery has...

Finance News
US gaming industry surpasses $6.6bn in 2023 revenue

U.S. commercial gaming revenue reached an annual record of $66.5 billion in 2023, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The total surpasses 2022’s previous high of...

Finance News
Gibraltar Minister meets senior gambling sector leaders as part of wider outreach programme

Over the past few weeks, the Minister for Justice Trade and Industry, Nigel Feetham has met with a number of senior leaders from the gambling sector in Gibraltar.  These have...

Finance News
New Jersey gaming revenues reach $559m 

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

Finance News
FDJ announces public tender offer for Kindred

The Swedish Financial Supervisory Authority (SFSA) today approved the “offer document” relating to the FDJ Group’s tender offer for Kindred Group Plc. This offer will be launched on 20 February...

Finance News
Draftkings narrows losses and raises guidance

DraftKings has updated its revenue forecast for fiscal year 2024, now expecting between $4.65 billion and $4.9 billion, compared to the consensus estimate of $4.69 billion. This adjustment raises the...

Finance News