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Flutter Lauds US FanDuel Casino Performance, Promises iGaming Product Upgrades
FanDuel Casino is the primary reason Flutter Entertainment‘s US iGaming market share rose to 21% in Q4 2022, complete with a 63% increase in players each month during that quarter. According to the March 2 Flutter earnings report, its US iGaming brands of FanDuel Casino, PokerStars, and Stardust will soon see improved products and player […]
Bally’s to Cut Sports Betting Losses, Emphasize Online Casino in 2023
Incoming CEO Robeson Reeves says that the future of Bally’s Corporation lies in online casino gaming more than in sports betting. It’s the latest of several companies to have made that pivot in the face of headwinds in the highly competitive US sports betting space. The decision may come as a small consolation to investors. Bally’s reported $425 million […]
Hundreds of Questions Arrive About 3 Downstate New York Casino Licenses
With “several hundred” questions to answer about three Downstate New York casino licenses, Robert Williams, executive director of the New York State Gaming Commission (NYSGC), said on Feb. 27 that it’ll take another three weeks to answer them. On Jan. 3, the New York State Gaming Facility Location Board (NYSGFLB) opened up the Request for […]
Bally’s Obtains Temporary Location Approval, Ejects Chicago Tribune From Future Casino Site
Bally’s Corporation has instructed the Chicago Tribune newsroom and printing plant to relocate within two years to make room for its upcoming Freedom Center casino. The move comes amid a dispute between the companies over a lease extension on the property. Meanwhile, Bally’s has received final approval for its temporary location while construction is underway […]
Analysts Rate DraftKings Stock a ‘Buy’ After Company Raises 2023 Outlook
DraftKings stock has risen 36% over the past month, prompting many financial advisors to move it into the “Buy” category. Much of that increase came on Feb. 17, following an earnings call in which CEO Jason Robins promised investors that the company would achieve profitability in 2024. The gains follow a long period in which analysts […]
US Online Casinos Make $510 Million in January 2023 Despite Slowdown
Across six legal states, US online casinos produced over a half-billion in gross gaming revenue in January. However, they came up 4.8% short of the Bonus forecast for the month. That may suggest the industry’s growth is slowing down even more than expected. Full-year revenue rose 38% in 2022. Bonus projected that we’d see this slow to 21% in 2023. However, year-over-year growth in the monthly total for […]
DraftKings Drastically Reduces Connecticut Online Casino Promotional Spending to Start 2023
The amount DraftKings spent on promotions for casino users in Connecticut dropped 84% in January. This follows an 11-month period during which the company often paid out more in casino bonuses than its entire gross revenue. The sudden change may relate to statements CEO Jason Robins has made to investors about focusing on cost control and achieving profitability by Q4 2023. […]
Madison Square Garden CEO Fires MSG Sphere Executives as Setbacks Continue
James Dolan, CEO of Madison Square Garden Entertainment (MSGE), has removed two executives overseeing the construction of the MSG Sphere, a high-tech music venue on the Las Vegas Strip. Dolan planned to open MSG Sphere in 2021, but complications have pushed the opening back by two years and caused costs to skyrocket. The New York […]
Bally’s Wants to Build a Downstate New York Casino Next to Trump’s Bronx Golf Course
Gaming operator Bally’s Corporation has started discussions with The Trump Organization (TTO) to sub-lease 17 acres of Trump Golf Links at Ferry Point in the Bronx for a possible Downstate New York casino. However, that doesn’t mean former President Donald J. Trump will be back in the casino business. He’ll only be a landlord, as […]
Bally’s Laying Off 15% of Bally’s Interactive North America Workers
Bally’s Corporation announced its plan to reduce its North American digital division workforce by 15%. Bally’s Interactive North America covers iGaming and sports betting in the US and Canada. The SEC filing shows that Bally’s Corporation plans to lay off up to 15% of division employees, with the exact number still unknown. Still, according to […]
