Viktor Kimble
WWE Reportedly Holding Discussions with State Regulators to Allow Betting on Scripted Wrestling Bouts
The talks reported were considered exploratory as the multi-billion dollar company looks to move into the sports betting space.
Ohio Sees Explosive Rise in Problem Gambling Helpline Calls
Numbers released by Ohio for Responsible Gambling showed a 135% increase in calls to the state's Problem Gambling Helpline in the first month of sports wagering in Ohio, but a deeper dive into the numbers suggests it's not as bad as it appears.
Brazil Set to Introduce Sports Beting Legislation in Effort to Limit Illegal Wagering
Fernando Haddad — Brazil's Minister of Finance — is heading the groundbreaking legislation that will regulate sports betting in the country.
Sports Betting Operator Rush Street Interactive Set to Turn Profitable in 2023
The operator saw revenue soar to $165.5 million during the final quarter of 2022, an impressive 27% year-over-year increase over the $131.1 million it posted in Q4 2021.
Tennessee Regulators Pass the Buck on Legal Sports Betting Penalties to Operators
Tennessee's SWAC voted Wednesday to take it easy on sportsbooks that failed to meet the state's 10% revenue hold, but also fined others for unlawful operations during a busy hearing session.
Flutter Boasts Bump in Sports Betting Revenue for 2022
FanDuel continued to consolidate its stranglehold on competition between U.S. online sports betting sites by growing its share of GGR from 42% at the end of Q3 to above 50% in Q4 in states where it is live.
AGA Sends Open Letter to Maine Regulators on Sports Betting Ad Restrictions
Maine sports betting regulators had set a tentative set of rules that would prevent sportsbook ads that offered promotions or bonuses, outlaw TV ads except during a live broadcast, and more.
BetMGM to Launch Responsible Gaming Campaign on March 1
BetMGM is launching a new comprehensive responsible gaming campaign that, it hopes, will ease political concerns, and set a new standard for competitors in the sports betting industry.
Bally's Posts Massive Q4 Loss Due to Failed North American Assets
The gaming giant also confirmed that its struggling North American Interactive unit suffered a net loss of $428.1 million last year.
New Minnesota Sports Betting Bill Supported by Tribes, Pro Teams
A new House bill that would legalize online sports betting in Minnesota is supported by the state's tribes and professional sports teams.
Caesars Forecasts Sportsbook Profit in 2023 After Sharp Reduction in Q4 Losses
Caesars Entertainment is anticipating 2023 will be a year of profit for its sportsbook on the heels of reporting a Q4 loss of $5 million.
PENN Entertainment Completes Barstool Sports Acquisition
After paying $163 million for a 36% interest in Barstool back in 2020, PENN completed the acquisition by purchasing the remaining 64%.
LeoVegas Reports Drop in Profit Following MGM Acquisition
The quarterly earnings results posted by LeoVegas this week marked the operator's first such report after being folded into the MGM group that purchased the European outfit for €607 million last year.
AGA Reports Sports Betting Revenue Set New Record of $7.5 Billion in 2022
Growth was primarily fueled by the launch of online sports betting in New York at the beginning of 2022, a year that also saw Arkansas, Louisiana, Kansas, and Maryland go live.
Bally's Set to Unload Monkey Knife Fight as Part of Ongoing Restructuring Plan
The announcement comes in the wake of Bally's North American Interactive Division posting a net loss of $428 million in 2022.
California May Still Land Sports Betting — If Sportsbooks are Willing to Play Ball
At an ICE London seminar, several state tribal leaders believe there is still a path for sports betting to make its way to California, but it all depends on how major sportsbooks approach the topic.
Bally's Reports 2022 Revenue of $2.26 Billion Despite Poor Performance of North American Online Division
Bally's Corporation announced $2.26 billion in revenue for FY2022 in its preliminary fourth quarter earnings report, despite struggles from North American sports betting.
Missouri Legislature Holds Hearings on Online Sports Betting Bills
Kansas is currently reaping the economic benefits of cross-border traffic from Missouri residents who often stop to place wagers before returning home.
Wynn Resorts Reports Record Earnings in Q4 and FY2022
"These impressive results are a testament to our team’s relentless focus on delivering five-star hospitality, which continues to elevate our properties above our peers as the destinations of choice for luxury guests in both Las Vegas and Massachusetts."
Kindred Reports Q4 Loss and "Disappointing" 2022 Fiscal Year
Mattress Mack hitting big on the Houston Astros' World Series win, and the winter World Cup failing to make up for it, factored into a disappointing 2022 for Kindred.
