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Gambling News Archive

Friday, 26th April 2019
MGM Resorts International has cut 254 positions companywide and there will be more to come over the next few weeks, according to Chairman and CEO Jim Murren. The positions are being cut due to MGM Resorts’...
Friday, 26th April 2019
Keith O’Loughlin, SG Digital SVP Sportsbook, says sports betting suppliers should prioritise scalability over speed to market in the US. The SG Digital exec believes US sports betting will...
Friday, 26th April 2019
Racecourse Media Group (RMG) will pay 37 British racecourses £109.7m ($141.6m), made from its media and data rights in 2018, an 18% increase year-on-year. The payments were derived from a variety...
Friday, 26th April 2019
Novomatic has reported a 10% year-on-year rise in revenue for its 2018 fiscal year, to €2.6bn ($2.9bn). The global supplier reported positive growth in all its core markets, emphasising particular...
Friday, 26th April 2019
Las Vegas-headquartered Boyd Gaming reported Q1 revenue of $827.3m, a 37% year-on-year rise. The operator reported net income of $45.5m for the period, which breaks down to $0.4 per share. This represents...
Friday, 26th April 2019
Gaming revenue in Nevada totalled $1.02bn for March, essentially a flat level of growth year-on-year (0.12%). But the state’s sports betting figures broke records, despite competition provided by...
Thursday, 25th April 2019
A three-year strategy has been launched by the Gambling Commission to reduce gambling harm in Great Britain. The Commission’s National Strategy to Reduce Gambling Harms aims to bring together health...
Thursday, 25th April 2019
Churchill Downs Incorporated, the Louisville, Kentucky racetrack operator, has reported Q1 net revenue of $265.4m, a 40% increase year-on-year. Adjusted EBITDA also increased to $74.6m for the period,...
Thursday, 25th April 2019
State-owned Swedish operator Svenska Spel saw net gaming revenue decrease 6% year-on-year in Q1 to SEK 2.05bn ($197.4m). Sweden re-regulated and opened its market to private and foreign companies at the...
Thursday, 25th April 2019
GVC Holdings has reignited the UK sports betting advertising debate. The global operator, which recently posted an 8% year-on-year rise in pro forma net revenue for Q1 (and 17% online), has called for...
Thursday, 25th April 2019
Chief Inspector of the Vietnamese Information Ministry, Dang Anh Tuan, has been detained for involvement in a $420m online gambling ring which saw police officers arrested last year. The 49-year-old,...
Thursday, 25th April 2019
Nordic countries accounted for "almost the entire slowdown," as NetEnt suffered a year-on-year fall in both revenue and profit for Q1. CEO Therese Hillman admitted to Gambling Insider in December she...
Thursday, 25th April 2019
The State of Indiana House has passed legislation to allow sports betting. House Bill 1015 has now been sent to the governor, which, if approved, will allow one existing casino to move, a new one to open...
Thursday, 25th April 2019
Evolution Gaming has released its trading update for Q1, reporting operating revenue of €79.3m ($88.4m), a 54% year-on-year increase for the supplier. Evolution’s EBITDA also saw a growth of...
Thursday, 25th April 2019
NetEnt has signed an online casino supplier agreement with DraftKings in New Jersey, having been awarded a permanent license for the state in February. Operator DraftKings has enjoyed a successful start...
Thursday, 25th April 2019
Global sports betting operator GVC Holdings has called for an end to sports betting advertising on live and repeated televised sporting events, excluding horseracing, in the UK. The company has announced...
Wednesday, 24th April 2019
Supplier Kambi was able to report a 28% year-on-year increase in revenue to €21m ($23.5m) in its Q1 report (see the full round-up here). Shortly after the announcement was made public, Gambling Insider...
Wednesday, 24th April 2019
Sweden’s government is considering banning online casino advertising as it looks to tackle rises in problem gambling. Reported in Swedish newspaper Expressen, the government is said to be investigating...
Wednesday, 24th April 2019
Isleta Resort and Casino has outlined plans to offer sports betting in Albuquerque, in partnership with supplier USBookmaking. Once up and running, it will be the third sportsbook available to bettors...
Wednesday, 24th April 2019
Sports betting may be legalised in Louisiana’s casinos and racetracks, after legislature approved a bill, which will now be debated by the full Louisiana Senate. Senate bill 153, by Senator Danny...
Wednesday, 24th April 2019
Operator Kindred Group reported gross winnings revenue of £224.4m ($207.8m) for Q1 2019, up 8% year-on-year. Revenue from mobile grew 17%, to £173.8m, which amounted to 77% of Kindred’s...
Wednesday, 24th April 2019
Kambi's revenue amounted to €21m ($23.5m) for Q1 2019, an increase of 28% year-on-year, with operator turnover growing 46%. Although Kambi continued its US expansion in the  period, its CEO...
Tuesday, 23rd April 2019
Rhode Island’s sports betting market achievied its best month to date for March, although the figures were still short of the profit the state had originally anticipated. Rhode Island sportsbooks...
Tuesday, 23rd April 2019
Australian payment technology company EML Payments has struck a deal with Bet365 to provide the operator’s New Jersey customers with a reloadable card, linked to players’ accounts. The card...
Tuesday, 23rd April 2019
"We are confident FanDuel’s nationally recognised sports brand, eight million customers, our group betting expertise, and our market access partnerships position us very well." Paddy Power Betfair...
Tuesday, 23rd April 2019
As an Indiana gambling bill nears completion, a conference committee has added provisions for online sports betting apps. A group of legislators met on Monday to put the finishing touches on a gambling...
Tuesday, 23rd April 2019
The New Jersey Division of Gaming Enforcement has fined PokerStars $10,000 for accepting a total of 216 wagers on New Jersey college basketball teams. The 216 wagers were placed on a game between Rutgers...
Tuesday, 23rd April 2019
Scientific Games has commenced the initial public offering of its social gaming business SciPlay. The supplier is offering 22 million shares of Class A common stock, which is anticipated to generate between...
Tuesday, 23rd April 2019
Sportradar executive Neale Deeley is impressed with the early success of DraftKings and FanDuel in New Jersey but believes Roar Digital could change the US sports betting landscape. Roar Digital is the...
Thursday, 18th April 2019
The Pennsylvania Gaming Control Board (PGCB) has approved fines totalling $242,500 against two casino operators. Sands Bethworks Gaming, an operator of Sands Casino Resort in Northampton County, received...
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