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Entain assumes BetCity.nl to be €68m to €156m below deal value

March 18, 2024 - Entain Plc has disclosed additional information related to its legal challenge against Sports Entertainment Media BV and related parties involved in the valuation of its Netherlands subsidiary, BetCity.nl. Documents published... Read more »

Louisiana casino to build new, $150 million hotel with 204 rooms

March 13, 2024 - Construction will start next week on a new hotel at the Coushatta Casino Resort, which will boost the number of rooms at the property near Kinder in Allen Parish to... Read more »

Indiana’s betting handle reaches $408 million in February, down 15 percent from January

March 13, 2024 - In its February monthly revenue report, the Indiana Gaming Commission reported a total handle of $408.4 million in February, down 14.9 percent from January but up 14.7 percent from last... Read more »

Betr secures $15 million in funding ahead of expansion

March 7, 2024 - Miami-based fantasy and sportsbook startup Betr has raised $15 million in a funding round co-led by investment firms Harmony Partners and 10x Capital, valuing the company at $375 million. The... Read more »

Spain: online gambling revenue edges up to €315.3m in Q4

February 27, 2024 - Online gambling revenue in Spain increased marginally year-on-year and quarter-on-quarter to €315.3m (£269.8m/$342.0m) in Q4, while total deposits were also higher. Gross gaming revenue in Q4 was 0.6% higher than... Read more »

Churchill Downs touts 150th Kentucky Derby, continued expansion

February 23, 2024 - This year’s Kentucky Derby, the 150th running of the event, and a passel of new projects gave racetrack operator Churchill Downs plenty to discuss in its fourth-quarter earnings call. The... Read more »

Illinois governor’s proposed budget includes sports betting tax hike from 15% to 35%

February 21, 2024 - CHICAGO (AP) — Illinois Gov. J.B. Pritzker pitched a $52.7 billion state spending plan Wednesday with more money to address the migrant crisis, education and quantum computing, while proposing tax... Read more »

Louisiana: January gaming revenue drops 15.5% year-over-year

February 16, 2024 - The Louisiana Gaming Control Board posted Thursday the state’s gaming revenue for January fell to $163.1 million, a 15.5% decrease compared to the $193.0 million generated in January 2023. Every... Read more »

New York: PrizePicks to cease contests, pay $15M

February 14, 2024 - PrizePicks, a prominent daily fantasy sports operator, has agreed to cease its for-money contests in New York and pay nearly $15 million to the state’s gaming commission for operating without... Read more »

NCAA places 15-year show cause against ex-Alabama baseball coach in gambling case

February 1, 2024 - The NCAA handed down a five-year suspension as part of a 15-year show cause order against former Alabama baseball coach Brad Bohannon on Thursday, effectively banning him from college coaching,... Read more »