CEO Jay Snowden admits to sports betting disappointment in letter to investors Company looking for ways to “unlock full value” of ESPN relationship Penn Entertainment’s (NASDAQ: PENN) ESPN Bet sports betting brand isn’t where the operator envisioned it would be when it announced a partnership with the sports broadcaster nearly three years ago, and the […]

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Caesars boss says digital unit performing well, but it’s not reflected in share price Options for monetization still possible, but he stopped short of saying “spin-off” Caesars Entertainment (NASDAQ: CZR) delivered first-quarter results late Tuesday with one of the eye-catching numbers being a 19% surge in revenue at its online gaming unit. An advertisement for […]

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iGaming, sportsbook revenue surge in first quarter Operator reiterates forecast of EBITDA positive for 2025 BetMGM said Monday that first-quarter revenue surged 34%, with the operator reiterating the view that it will be positive on the basis of earnings before, interest, taxes, depreciation, and amortization (EBITDA) for the entirety of 2025. The BetMGM logo. The […]

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Bovada players say the site isn’t functioning properly Bovada customers continue to raise complaints The offshore casino says everything is up and running Bovada, the online casino and sports betting website that many state gaming regulators and attorneys general say is an unregulated, illegal gambling platform that provides little to no player safeguards, continues to […]

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Caesars Entertainment Inc. has announced the launch of a new NBA-inspired slot game across its iGaming platforms in New Jersey, Michigan, Pennsylvania, and Ontario. Caesars Entertainment launches NBA-inspired slot as playoffs ramp up. (Image: Caesars Entertainment) Called NBA Triple Double Power Combo, the slot, developed in collaboration with Games Global, is now live across Caesars Palace […]

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Bovada experienced operational issues this week Bovada customers continue to encounter account problems Bovada says it has remedied the situation Bovada is on damage control after many players expressed frustrations with the online casino and sportsbook amid what is seemingly a technical disruption or possible hack. Bovada experienced major operational disruptions this week, including accounts […]

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Sands believes online betting could dilute land-based opportunity set in New York Company is seeking third party to take over its bid Las Vegas Sands (NYSE: LVS) may have shaken the gaming industry and New York City’s casino ambitions today when it announced it is abandoning plans to pursue a downstate gaming license there. Nassau […]

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Slot machine giant makes 20% equity investment in online slot studio Investment made via Light & Wonder’s “Spark” program Light & Wonder (NASDAQ: LNW) announced today it took a 20% stake in online slot studio Bang Bang Games. The investment was made via the former’s Spark unit. The Bang Bang Games logo. Light & Wonder […]

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FanDuel maintains top spot in March among sports betting brands Rush Street Interactive climbing the ranks, too In March, FanDuel maintained its lead as the dominant iGaming and online sports betting brand, though some smaller rivals made noticeable moves, too. The FanDuel Sportsbook logo. The company maintained its status as the top online gaming brand. […]

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Investor hasn’t officially declared he’s turning activist He would like to see Caesars spin-off digital unit That could distract from debut reduction, says research firm Carl Icahn hasn’t officially signaled that he’s turning activist with his Caesars Entertainment (NASDAQ: CZR) investment, but he has shown an interest in seeing the casino operator unlock shareholder value […]

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