Massachusetts Gov. signs sports betting into law; Gaming Commission now takes the reins on implementation

Massachusetts Gov. Charlie Baker has now signed sports betting into law. The news was confirmed by his office on Wednesday, and comes after lawmakers in the Bay State reached an agreement earlier this month to legalize betting on both professional and college sports. Baker said he looks forward to the law being implemented “over the … Read more

Red Rock Resorts posts one of its best-ever quarters in Q2 as it eyes goal to double portfolio size by 2030

Casino developer and operator Red Rock Resorts has turned one of its best quarters in company history for Q2. The Nevada-based firm posted $422.2 million in revenue, a slight decrease of 1%, or $5.9 million, from the $482.2 million in the same period last year. Meanwhile, net income was down by $110.9 million to a … Read more

Simplebet co-founder Joey Levy and media mogul Jake Paul launch micro betting-first brand Betr

Sports betting entrepreneur Joey Levy and media mogul Jake Paul announced Monday the creation of Petrdescribed as “The first direct-to-consumer micro-betting focused sports betting company.” Levy will be acting as CEO of the company, while Paul will be the President, which has raised $50 million in a Series A round. As part of the company’s … Read more

DraftKings raises 2022 guidance after seeing revenue up 57% in Q2; opens Kansas pre-registration ahead of market launch

Sports betting giant DraftKings has reported revenue of $466 million for the second quarter of 2022, a 57% increase from the $298 million delivered in the same period last year. The positive performance has led the business to raise its revenue and Adjusted EBITDA guidance for the full year. Results were unveiled at the same … Read more

North Carolina’s pro teams renew online sports betting push with “competitive disadvantages” leading discussions

Sports betting supporters in North Carolina prepare themselves to push again for mobile wagering legalization next year, after efforts in the latest session failed. However, this time around, the state’s pro sports franchises are taking a different approach. While past efforts revolved around showing lawmakers the benefits of legalizing sports betting, conversations now seem to … Read more

Brazil’s online gambling market: growth data in 2022

A comprehensive report published by the Brazilian site Apostahub shows the significant growth that this market has experienced in recent years, while also providing specific statistical data from different sources for the first months of 2022. Although online gambling is not yet regulated in the country, this fact has not prevented foreign bookmakers from expanding … Read more

Full House reports revenue slightly down to $44.4M in Q2; casino projects progressing despite supply issues

Casino developer and operator Full House Resorts announced Tuesday results for the second quarter of 2022. Revenues were at $44.4 million, a decrease from $47.4 million in the prior-year period. addition, the company posted a net loss of $4.4 million, which includes $1.6 million of preopening and development costs. In the prior-year period, the company … Read more

Sportsbooks launch new ad targeting “wealthy” tribes as battle for California sports betting legalization keeps heating up

The battle over sports betting legalization in California keeps heating up with both tribes and sportsbook operators ramping up their campaigning and lobbying efforts ahead of November’s ballot. Gambling companies have now released an ad punching back at tribal gaming interests, which has sparked controversy and was blasted by state tribes. With less than 100 … Read more