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MGM Resorts Q3 revenue and EBITDA up, despite $37m net loss

MGM’s Las Vegas Strip Resorts saw net revenue rise 4% to $1.5bn, while revenue from regional operations was up 20% to $935m; MGM China revenue increased 22% to $738m. However, consolidated operating income fell 42% to $238m, due to a non-cash impairment charge of $219m – related to Circus Circus Las Vegas and adjacent land. Excluding […]

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DraftKings becomes authorised NBA betting operator

Starting with the 2019-20 basketball season, the two parties have entered into a multi-year partnership, giving DraftKings access to official NBA betting data. This is the second partnership of its kind the company has entered in recent months, with DraftKings becoming the NFL’s official daily fantasy sports partner in September. The NBA also agreed a

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Revenue drops 5% for Catena Media despite Q3 profit increase

The affiliate however, managed to prevent a fourth consecutive quarter of decline, with Q3’s revenue 11% higher than Q2’s total of €23.7m. New depositing customers (NDCs) dropped 28% year-on-year to 99,435 as EBITDA decreased 11% to €32m. Catena reported profit of €11.9m for the quarter, up 37%. Organic revenue growth slowed down by 10% for

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How will Amazon Prime’s Premier League coverage affect sports betting?

The setup was a little different to the standard Sky Sports or BT Sport offering in the UK, with different kick-off times and the crucial variation that every single match of the gameweek is broadcast. With these differences making a notable impression on fans, does this provide a new opportunity for sports betting companies, or

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NFL: Is less more?

Super Bowl LIII was one to forget for neutrals. The lowest-scoring Super Bowl in history saw the New England Patriots defeat the Los Angeles Rams 13-3, leaving first-time NFL watchers exploring the options of watching paint dry or grass grow. Both seemed superior alternatives. Patriots fans were delighted of course, especially those who backed their

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Sporting Solutions secures Norsk Tipping tender

The supplier was offered the deal at the end of a competitive procurement process in which six companies applied to supply data and risk management services towards Norsk Tipping’s new sports betting solution. Through the partnership, Norsk Tipping will also gain access to Sporting Solutions’ trading software, allowing the operator to offer localised content. Ed

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