DraftKings Revenue Falls to $1.44B on Customer Wins, Sports Betting Payouts
DraftKings revenue fell 5% year-on-year to $1.44 billion in the second quarter, missing Wall Street’s $1.55 billion estimate. The gaming company posted a net loss of $67.6 million, a significant reversal from the $157.9 million net income reported in the same period last year. Customer-friendly sports outcomes, including the New York Knicks’ More...
Penn Entertainment Hits Record Q2 Retail Gaming Revenue Amid iGaming Surge
Penn Entertainment achieved record quarterly retail gaming performance as the company posted $1.5 billion in revenue for the second quarter. The milestone reflects strong execution across the company’s regional More...
Sri Lanka Online Gambling Ban Hits Stake, bet365, Betway
The Sri Lanka online gambling ban has escalated with authorities blocking 24 online gambling and betting websites operating without local licenses, including platforms Stake, bet365, Betway and 1xBet. The Ministry More...
Dan Taylor To Become New Group CEO Of Flutter Entertainment
Dan Taylor Flutter Entertainment has today announced that Dan Taylor will be appointed Group Chief Executive Officer, effective October 1, 2026, when he will also join Flutter’s Board of Directors. Dan will succeed More...
Super Group Posts Record Quarter Results
Super Group has delivered record-breaking quarterly results, marking a significant milestone for the sports betting and gaming operator. The company’s latest financial performance demonstrates strong momentum More...
Ontario Sports Betting Crosses $1 Billion Mark in June
Ontario sports betting reached a new milestone in June, with operators reporting $1.03 billion in total wagering handle. This marked the eighth consecutive billion-dollar month for the province, demonstrating sustained More...
Utah Judge Blocks Sports Prediction Markets Under State Gambling Laws
A federal judge denied Kalshi’s request to block Utah’s enforcement of gambling laws against sports prediction markets, ruling that state restrictions are not overridden by federal commodities regulations. More...
Wynn Resorts Raises UAE Project Budget by $600 Million, Sets 2027 Launch Date
Wynn Resorts has increased the budget for its Wynn Al Marjan Island resort in the United Arab Emirates by approximately $600 million, with the property now confirmed to open in September 2027. The budget adjustment More...
Greece Greenlights $2.5B Casino Resort Expansion in Athens
Greece casino resort development enters a transformative phase as the country advances two major Athens-area projects representing more than €2.1 billion ($2.5 billion) in combined investment. Both developments More...
Prediction Markets Kalshi, Polymarket Hit $50 Billion Trading Milestone
Kalshi one of the biggest companies within Prediction market betting Kalshi and Polymarket achieved a combined $50.6 billion in trading volume during July, marking an all-time high for prediction market platforms More...
