Latest articles
DraftKings ‘Bullish’ on Online Casino: Product Caused No. 1 US Market Share, So It Will Lead 2024 Growth
DraftKings Co-Founder and CEO Jason Robins said the company holds 30% of the US online casino market share because of its products. So he’s “bullish” on DraftKings’ iGaming future. Plus, companywide product innovation will lead DraftKings’ overall growth in 2024. During today’s Q3 2023 earnings call, Robins said DraftKings Casino and Golden Nugget Online Casino combine […]
Bally’s Announces Record Revenue, 300 Layoffs in North America
Bally’s Corporation released its Q3 2023 financial results detailing record revenue and then announced it expects to lay off around 300 people from its North American Bally’s Interactive division. The division comprises the company’s sportsbook, Bally Bet, and Bally Casino. The layoffs aren’t happening because of underperformance. Bally’s () posted record revenues and growth among […]
Caesars Palace: New Standalone Casino App Key to Interactive Division Profitability in Q3
Caesars Interactive continued to turn a profit in Q3 2023, due in large part to the new Caesars Palace online casino app, according to the company’s top brass during the latest earnings call. Caesars revealed its plans for the new app during the Q1 earnings call and rolled it out over the summer. The digital division turned profitable […]
Bally’s Chicago Gets Extension to Operate Temporary Casino But Timeline Remains Tight
The Illinois Gaming Board (IGB) has granted Bally’s a full operational license for its casino resort in Chicago, valid until October 2027. In the process, the IGB also approved a 12-month extension for the operator’s temporary casino in downtown Chicago, necessary due to construction delays for the $1.9 billion permanent location. The temporary casino at Medinah Temple […]
Pennsylvania iLottery to Debut Scientific Games’ Monopoly-Branded Progressive Jackpot eInstant
Pennsylvania iLottery players will soon be able to play a Monopoly Property Payout, the latest progressive jackpot eInstant title from Scientific Games. Monopoly Property Payout will launch later this year, but Scientific Games has not provided a specific release date. The public will get its first glimpse of the game at the North American Association […]
Scott Sibella: A Timeline of the Unfolding Legal Drama
Scott Sibella allegedly violated company policy at Resorts World Las Vegas (RWLV), the casino told reporters on the day of his Sept. 15 termination. Since then, that casino’s former president and COO has been named in a lawsuit and pleaded guilty to charges emerging from a federal investigation. Sibella spent his 35-year-long career working at Atlantic […]
SciPlay Returns Home as Light & Wonder Reacquires Remaining Shares of Social Games Division
Light & Wonder (LNW) has completed the acquisition of the remaining 17% it did not already own of social casino developer SciPlay. Under the terms, LNW paid $22.95 per share, meaning the deal is worth around $500 million. The acquisition implies a value of over $2.9 billion for SciPlay, which will become a wholly-owned subsidiary […]
US Online Casino Revenue Growth Is Accelerating for the First Time in Years
US online casino and poker sites earned 29.3% more gross gaming revenue (GGR) in September 2023 than they did the year before, as the industry is in the midst of an unusual period of accelerating growth this fall. As the iGaming industry matures, its rate of growth has generally tended to slow down, though it’s still growing […]
NY Casino Shutdowns Due to Hack of Everi’s Systems, the Latest Cyberattack in the Industry
The New York State Gaming Commission (NYSGC) says a cyberattack was behind the temporary shutdowns of some casinos in the state. The victim of the attack was Everi Holdings, the company that operates the video lottery terminal (VLT) network on behalf of the state. NYSGC spokesperson Brad Maione said that the incident, which occurred on […]
PGCB Annual Report: Years After COVID Closures, Online Casinos Still Outpace Retail
The closure of retail casinos during the early waves of COVID-19 brought unprecedented numbers of players to online casinos, but this year’s annual report from the Pennsylvania Gaming Control Board shows that growth hasn’t slowed all that much in the years since. Regulated gambling in the state generated over $5.5 billion in gross revenue in […]
