Online Gambling news is a mandatory stop for gambling enthusiasts!

Commercial casinos in Detroit reported a year-on-year decline in revenue during April, while the three venues in the Michigan city also posted a month-on-month drop. Total Detroit casino revenue for April amounted to $109.4m (£86.8m/€101.0m). This is only marginally lower than $109.7m in April 2023 but 11.7% less than $123.9m in March this year. Of this…

Sportradar has reported a €649,000 (£557,099/$704,906) loss for Q1, despite revenue and EBITDA both increasing significantly year-on-year. Sportradar posted Q1 revenues of €265.9m, up 28.1% on the €207.6m generated in the same quarter last year. Meanwhile, adjusted EBITDA reached €47.2m, a 28.6% increase on the €36.7m accumulated in Q1 2023. Sportradar attributed the adjusted EBITDA increase…

Hard Rock International Wednesday (15 May) announced that it will shut down The Mirage Hotel & Casino 17 July for renovations. HRI said that it will develop a new integrated resort featuring a 700-foot version of Hard Rock’s iconic guitar-shaped hotel tower. The final day for hotel occupancy will be 14 July. The Mirage’s well-known…

Late on Monday (13 May) the US Department of Justice (DoJ) filed its response in the Supreme Court in the Florida sports betting case. The filing is the final piece before the court determines whether or not it will hear the case that could change the future of sports betting in Florida. West Flagler and…

Sharp Alpha has announced the closure of Fund II, an oversubscribed $25m (£19.8m/€23.1m) venture capital fund. Fund II invests in emerging sports, gaming and entertainment companies. It has invested in Almost Friday Media, Jackpot.com and Betcha. Its first investment from Fund II was C15 Studio, which operates and distributes Formula 1’s streaming channel. The fund is…

Emmett Investment Management, which owns approximately 1.5% of the outstanding shares in PlayAGS, has announced its opposition to being taken private by Brightstar Capital. Last week, PlayAGS announced it had signed an agreement to be acquired by affiliates of the private equity firm Brightstar. The deal will be worth $1.1bn (£877.3m/€1.02bn) if completed. PlayAGS shareholders will receive…

Casa de Aposta Rio Jogo (Lema) has become the fifth operator to be licensed to offer sports betting and igaming by the Rio de Janeiro State Lottery (Loterj). Ahead of the launch of the regulated sports betting and igaming market in Brazil, operators are making steps to secure licences, with Rio Jogo now doing so thanks to…

Betano will be the new sponsor of the top football league in Argentina after Kaizen Gaming and the Argentina Football Association (AFA) announced a partnership. The top division in Argentina will now be known as Torneo Betano commencing from the opening of the season this past weekend. Meanwhile, the cup competition Copa de la Liga…

Gross mobile sports betting wagers in Tennessee increased 20.7% year-on-year to $384.2m (€356.5/£306.6m) in April. In April, Tennessee sports betting saw a year-on-year rise that was almost identical to the 20.6% recorded in March. However, wagers collected in April were well down on the $473.6m collected in March, which enjoys a busy sports schedule. With some…

Andy Wright has announced he has left his role as senior vice-president of trading at Fanatics Betting and Gaming (FBG). Wright joined Fanatics in May 2022 from his previous position of trading director at KingMakers. Wright’s time at Fanatics saw the company launch its sportsbook offering in January 2023. With its launch at the then-named FedExField in…