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Focus Gaming News | Finance

Finance

Check the latest Finance news

10/16/20

Analysts say Las Vegas recovery could take up to four years

An investigation by Fitch Ratings forecasts that the Strip may have to wait until 2024 for a full recovery.

10/16/20

Italy: online gaming revenue up 25.4%

Revenue from the regulated online market reached €184m in September.

10/15/20

MGM Springfield pours $640m into economy in first year

The construction of MGM Springfield helped create more jobs in the local area and also encouraged off-site spending.

10/15/20

Detroit casino revenues drop 21% in September

Detroit’s three casinos continue to operate at 15 per cent capacity as part of Covid-19 measures.

10/15/20

British gambling revenue continues to fall

New figures from the Gambling Commission show that the decline across verticals continued in August.

10/14/20

New York casinos struggling to reach pre-pandemic figures

The general manager of Rivers Casino in New York has said casino visitation remains low although sports betting has reached record levels.

10/08/20

DraftKings to raise a further $600m from shares

Shares will be available at a public offering price of $52.00 per share.

10/07/20

Maryland casino revenue: first annual increase since pandemic

Despite a year-on-year increase in revenue in September, revenue fell month-on-month from August.

10/06/20

DraftKings to sell 32m shares

DraftKings aims to raise equity as a response to the difficult conditions imposed by the pandemic.

09/28/20

Las Vegas gambling industry slow to recover

Since the Covid-19 pandemic took the world by storm back in March, the Las Vegas gambling industry has struggled to make a recovery.

09/21/20

Ireland considers hike in betting duty

A group of senior civil servants has considered increasing tax on the industry ahead of the budget for 2021.

09/17/20

Loto-Québec income beats targets despite pandemic

Casinos contributed the most to revenues, despite being closed for three months at the height of the pandemic.

09/16/20

Michigan gaming revenue falls 8% in August

Each of Michigan’s three casinos reported year-on-year declines in revenue, but online gaming activity increased 114 per cent.

09/15/20

Scientific Games executive chairman to sell 34.9% stake

Ronald Perelman is looking to reduce his portfolio as several of his companies have been hit by the pandemic.

09/14/20

Swedish GGR at lowest since igaming launch

Overall revenue for the second quarter was down 4.1 per cent year-on-year while online revenue fell against Q1.

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Focus Gaming News is a media group that produces a daily digital newspaper aimed at international gaming executives. This communication tool is monthly visited by more than 100,000 readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 20,000 subscribers. It features news on land-based casinos, regulation, legislation, sports betting and online gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Latin America, Focus Brasil, Focus Asia Pacific, Focus Africa and Focus UAE – five daily releases focusing exclusively on these specific markets.