Posts From: December 2023

Ohio sports wagers top $746 million in October

Ohioans have now placed more than $4 billion worth of bets on sports gambling in 2023, though July was the slowest month for sports betting so far this year. Combined...

Finance News
Virginia gaming revenue tops $51 million in November

Revenues totaled $51.2 million in November, according to Virginia Lottery data released Friday. Virginia’s first casino, the Bristol Casino: Future Home of Hard Rock temporary facility, opened July 2022. The Virginia...

Finance News
Loto-Québec first half revenue tops $1.41 billion

Loto-Québec announced results for the first half of the 2023–2024 fiscal year that are in line with its normal growth trajectory. The corporation posted total revenues of $1.412G and a...

Finance News
Entain stocks soar as fourth New York activist fund takes 4.4% stake

Corvex Management LP today announced that funds affiliated with Corvex recently acquired approximately 28 million shares of Entain PLC representing approximately 4.4% of the total shares outstanding. Corvex issued the following statement...

Finance News
How to Cross-Sell Successfully: Sportsbook in Casino Operations

Welcome to the exhilarating iGaming world, where strategic mastery and diversification unlock new realms of opportunity. In the ever-evolving landscape of online gambling, the true art deepens engagement with those...

Finance News
Esports Entrainment share price dives after it suspends dividend

Esports Entertainment Group announced that its Board of Directors has suspended payment of the monthly cash dividend on the Company’s outstanding 10% Series A convertible preferred stock. Alex Igelman, CEO...

Finance News
Kentucky sports betting revenue exceeds market expectations

Kentucky Gov. Andy Beshear announced Thursday that the state has received nearly $8 million in taxes from sports gambling revenues in September and October. The report puts the tax revenue...

Finance News
Stake.com founders take 4.2% shareholding in PointsBet

According to Australian media Stake.com founder Ed Craven, and his business partner have built a 4.2% stake in ASX-listed online bookmaker PointsBet. The stake was acquired through EasyGo Gaming, another of...

Finance News
New York mobile sports betting jumps 28% 

New York already had one of the largest online sports betting markets in the US. Right before the turn to 2023, the state saw the sports betting handle total over $16 billion. Activity has continued...

Finance News
Oregon gambling revenue surpasses $1.6 billion 

Oregon Secretary of State LaVonne Griffin-Valade released a new financial audit this week of the Oregon Lottery, the agency that provides the second-largest pot of state funding after income taxes. The new...

Finance News