MGM advances Osaka casino plans towards a 2030 launch
MGM’s decision to proceed gives suppliers and operators a stated timeline for the Osaka project.
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Reports
White Hat Studios expands content across seven US iGaming states
The deployments extend White Hat Studios’ distribution through named operators across seven regulated US markets.
Jefferies analyst reiterates $18 target for Gambling.com Group
The analyst’s revenue and cash-flow projections offer investors estimates of Gambling.com Group’s expected performance.
Bally's advances Chicago casino construction with demolition milestone
The demolition marks progress towards Bally's permanent Chicago casino, which is planned to replace its temporary operation.
GiG says Gentoo Media generated €30m in Q2 revenue
The SweepX signing and planned split could shape GiG’s commercial structure and growth prospects.
Better Collective, Gambling.com and Catena Media report second-quarter results
The figures provide investors and operators with reported performance data from three gambling marketing affiliates.
J.P. Morgan lowers gaming stock expectations for the second half of 2024
Investors should weigh weaker gaming-share expectations against attractive U.S. online sports betting and iGaming growth.
Betfred CEO says further US downsizing is possible
Suppliers and operators should monitor Betfred’s possible U.S. retreat and its stated review of future operations.
Penn expects gradual ESPN Bet market-share growth during 2024-25 NFL season
Operators and investors can track Penn’s expected ESPN Bet growth and pending New York launch approval.
DraftKings abandons planned winning-bet surcharge in selected states
The reversal leaves operators and investors assessing other possible responses to higher state taxes, including changes to pricing or marketing.
US casino visits rise 2.4% in July, Jefferies analyst says
Regional casino operators can compare July traffic trends with pre-pandemic levels and assess reported variation across markets.
Flutter rules out winner surcharge as DraftKings cancels proposal
Operators can note that DraftKings dropped its surcharge plan and Flutter cited tighter holds and lower local marketing in affected states.
Analysts revise Golden, Penn and DraftKings outlooks amid earnings and surcharge debate
The analyst views flag changed earnings expectations and uncertainty for investors in three publicly traded gambling companies.
PENN plans Hollywood online casino app launch by early 2025
The planned standalone app supports PENN’s goal of making its Interactive segment cash-flow positive.
PENN outlines ESPN BET product enhancements ahead of football season
PENN’s planned ESPN integrations and New York launch could support customer acquisition and retention.
DraftKings plans customer surcharges in states with sports betting taxes above 20%
Operators in high-tax states may face pressure to pass some tax costs on to bettors.
DraftKings authorises up to $1bn in share repurchases after Q2 revenue growth
The repurchase authorisation and revised forecasts provide investors with updated information on DraftKings’ capital plans and outlook.
OLG begins phased rollout of self-serve lottery terminals in Ontario
Lottery retailers and suppliers may be affected as OLG expands terminal access across the province.
Source: OLG
Bally’s raises Chicago casino budget to $1.3bn during Q2 call
The revised project budget and approval process affect Bally’s planned Chicago development and its capital requirements.
Light & Wonder debuts Squid Game slot at Yaamava’ Resort & Casino
Casino operators can assess Light & Wonder’s Squid Game slot after its casino-floor debut at Yaamava’ Resort & Casino.
Caesars reports WSOP earnings contribution and forecasts Las Vegas growth
The event’s projected EBITDA and the Las Vegas forecast provide investors with indicators of Caesars’ expected performance.
IGT details $6.3bn Apollo transaction and reports $1.049bn in Q2 revenue
Investors can assess how the planned sale proceeds may support debt repayment and shareholder returns after completion.
Analysts assess Bally’s proposed Standard General acquisition and casino results
The proposed transaction’s price, timing and shareholder options affect Bally’s investors and the parties assessing the deal.
Boyd Gaming declines to clarify reported approach to PENN
The comments leave investors without confirmation of a potential transaction or its financing approach.
Jefferies analyst forecasts Illinois tax impact on DraftKings cash flow
The forecasts quantify expected tax costs and acquisition contributions for investors assessing DraftKings’ outlook.