Endeavor Group benefits from growth in✤ sports in Q1

OpenBet and IMG Arena parent Endeavor Group has reported a 15.9 per cent increase in revenue to $1.85 billion for the first quarter of 2024.The revenue growth was derived from Endeavor’s Owned Sports Properties segment, where revenue climbed by 94.0 per cent year-on-year to $685.4 million following the acquisition of [...]

R��emote Gaming Duty drives record UK gambling t🉐ax in 2023

The UK’s annual remote gaming duty topped £1 billion for the first time in 2023, as the country’s gambling sector paid a record £3.39 billion in taxes to HM Treasury.Remote gaming duty (RGD) increased by 9 per cent to £1.01 billion in 2023 and was the largest contributor to the [...]

billion casino royal: US horse racing wager꧒s drop by 11% in April

Wagering on US horse racing dropped by 11 per cent to $926.9 million in April, as there was one fewer weekend in the month compared with 2023.According to data from Equibase, the number of race days in April was 4 per cent lower than 2023 at 269, with the number [...]

Swediꦰsh🐈 Parliament approves gambling tax increase to 22%

The Swedish Parliament (Riksdag) has agreed to the government's proposal to raise the excise tax on gambling from 18 to 22 per cent of gross gaming revenue (GGR).The change in law will come into force on 1 July after the Riksdag voted in favour of the tax rise late last [...]

DraftKings revenue grows 5🉐3% in sꦏtrong first quarter

DraftKings has reduced its net loss for the first quarter of 2024 after seeing revenue increase by 53 per cent to $1.18 billion.The strong revenue growth as driven by the expansion of the company’s sportsbook product into new jurisdictions, higher structural sportsbook hold percentage, and improved promotional reinvestment for sportsbook [...]

NYR🔯A names Rivers Casino as Belmont Stakes casino partner

Rush Street Gaming’s Rivers Casino & Resort Schenectady has entered into a new sponsorship deal with the New York Racing Association (NYRA).The agreement designates Rivers Casino as the official casino partner of Saratoga Race Course and the Belmont Stakes Racing Festival, as well as the presenting sponsor of the Grade [...]

billion casino ro🔥yal: GLI acquires gaming testing lab Trisigma

Gaming Laboratories International (GLI) is expanding its testing and certification capabilities with the acquisition of gaming testing lab Trisigma.Trisigma will continue to operate its network of testing laboratories independently while coordinating its efforts with GLI's larger sales, operations, and back-office staff globally.Following the acquisition, Esther Ballart will continue to lead [...]

Penn Entertainment sees revenue fall across all se🔥gments in Q1

Penn Entertainment has reported a 4 per cent fall in revenue to $1.60 billion for the first quarter of 2024, with declines across all business segments, including interactive.Revenue from Penn’s Northeast segment was down 2.3 per cent year-on-year at $684.7 million, and revenue from the South segment was 5.2 per [...]

billion casino royal: Bally’s grows North America revenue in Q1

Bally’s Corp grew revenue by 3.3 per cent to $618.5 million in the first quarter of 2024, as growth in North America offset lower international interactive revenue.Bally’s Casino & Resorts segment posted revenue of $342.3 million in the first quarter, a gain of 4.1 per cent year-on-year, with the segment [...]

MGM Resorts revenue hits record $4.38🔯 billion in first qওuarter

MGM Resorts International has reported a 13 per cent increase in consolidated net revenue to a record $4.38 billion in the first quarter of 2024.The year-on-year growth was primarily due to a 71 per cent increase in revenue at MGM China to $1.06 billion, following the continued ramp up of [...]

UK online gꦛambling revenue tops £500💦 million in March

The UK’s online gambling revenue grew by 5 per cent to £518.8 million in March, making it the sector’s best month since May 2021, based on the sample of data collected by the Gambling Commission.Online slots had revenue of £220.4 million in March, a year-on-year rise of 10 per cent [...]

Singapore Pools and UK Tote ꦇagree commingling pools deal

The UK Tote Group and Singapore Pools have entered into a new agreement to commingle pools on British racing.The agreement sees both organisations combine liquidity with customers of Singapore Pools betting into the UK Tote’s pools on British racing meetings.“We are delighted to collaborate with the UK Tote on this [...]