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Is 2023 the Financial Turning Point for Online Gambling Operators in the US?

The second quarter of 2023 was an important period for the young US online gambling industry, as many companies are reporting that their online operations turned profitable for the first time. For years, even the biggest operators had been outspending their revenues, creating impatience among investors and contributing to the slump most gaming stocks experienced […]

Fanatics Betting and Gaming Wins PointsBet Bid Over Rival DraftKings, $225 Million to $195 Million

June 29, 2023 | By: Heather Fletcher

The Fanatics Betting and Gaming (FBG) team won in its competition against DraftKings to buy the US holdings of Australian online gambling operator PointsBet. On June 30, PointsBet shareholders voted to accept FBG’s $225 million bid. The deal more than triples FBG’s US market access and adds the Big Three online casino states, as well as […]

DraftKings’ Bid for PointsBet an Effort to Block Fanatics’ Entry to Online Casino?

DraftKings sent PointsBet an “unsolicited non-binding indicative proposal” on June 16 about its intent to buy the Australian online gambling operator for $195 million. That’s what PointsBet said in its second paragraph announcing the proposal. However, PointsBet first emphasized that it already has an “agreement to sell its United States online sports betting, iGaming, and retail […]

DraftKings Black Throne Studios Aids In-House Tech Stack Reign

July 27, 2022 | By: Heather Fletcher

DraftKings Black Throne Studios (BTS) is the latest online casino game development service the Boston-based online gambling operator is creating. Stephen Miraglia, DraftKings senior communications director, tells Bonus.com: In terms of in-house game development, we’ve been doing that for a while now. His comment on Tuesday comes after other industry publications speculated that BTS will […]

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