Ryan Butler
Senior Editor at Covers
iCasino, sports betting and gaming industry corporate, legislative and financial news (plus occasional sports rants) for @covers. NoVa native, @UF Grad
Articles
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May 31, 2024 |
covers.com | Ryan Butler
A letter from a major shareholder has brought fresh scrutiny on PENN Entertainment and its multi-billion dollar investments in online sports betting and iGaming.
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May 17, 2024 |
covers.com | Ryan Butler
What do you get when you combine an iCasino, a sportsbook, and a video game? North American audiences are about to find out. Soft2Bet, the European gaming operator and tech provider, is bringing its products across the Atlantic, beginning with Ontario later this year and New Jersey by 2025.
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May 16, 2024 |
covers.com | Ryan Butler
American commercial gaming entities recorded a record $17.67 billion in the first quarter of 2024, the 13th consecutive quarter setting an all-time high. US commercial casinos, sportsbooks, and iCasinos recorded nearly $18 billion in revenue during the first three months of 2024, according to an American Gaming Association report released Thursday. That included more than $6 billion in revenue in March, the second-highest-grossing month in US gaming history.
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May 9, 2024 |
covers.com | Ryan Butler
On Thursday, tribal leaders and sportsbook operator officials reiterated that any hopes for legal California sports betting would require agreements from state gaming tribes. In 2022, a California tribe led efforts to defeat an operator-pushed online sports betting ballot measure that was overwhelmingly rejected by voters. Andrew Alejandro, Chairman of the Paskenta Band of Nomlaki Indians, said tribes were prepared to do so again.
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May 8, 2024 |
covers.com | Ryan Butler
Online casino gaming does not harm existing brick-and-mortar casino revenues, a panel of gaming stakeholders argued again during an industry conference Wednesday. The handful of states with legal online slots and table games see net revenue positives from mobile gaming, representatives from some of the biggest names in U.S. corporate gaming said during a panel at Wednesday's SBC Summit. The opposition from within and outside the industry is unfounded, panelists agreed.
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I'm not saying the NBA Draft lottery is rigged.... But if it was, Dallas getting Cooper Flagg sure would help explain why the Mavs gave away one of the NBA's biggest stars to the league's most iconic franchise
US-based gaming companies with Macau casino operations $MGM, $LVS and $WYNN all saw their stocks jump by 6% or more today after announcement the US was temporarily suspending tariffs on China
Fanatics was the No.3 New York sportsbook by handle and GGR in April: FanDuel: $823m / $85m DraftKings: $727m / $69m Fanatics: $177m / $13m BetMGM: $154m / $11m Caesars: $153m / $10m ESPN BET: $56m / $3m BetRivers: $43m / $3m RW Bet: $10m / $770k Bally: $11m / $489k
