Penn National Gaming Inc has posted its Q1 financial results for the three months ended March 31, 2020. The firm reported Q1 revenues of $1.116m versus $1.282m year-on-year and a net loss of $608.6m compared with revenue of $41m in Q1 2019. Adjusted EBITDA was $154m, down from $306m.
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It now hopes to expand its coverage, working with state lawmakers on a deal that would allow the tribe to launch a mobile sportsbook. The move could be a win-win for both the tribe and the state, the-seminole-hope-to-convince-florida-on-mobile-sports-gambling-mincollectively suffering because of the coronavirus lockdown on retail casinos, but the final decision isn’t in the hands of either the tribe or the lawmakers. It rests in the hands of Florida residents.
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With results that show how COVID-19 closures are impacting the gaming industry, Wynn Resorts Ltd. reported a net loss of $402 million for the first quarter of 2020. While the results mark a drop into the red from income of almost $105 million a year before, CEO Matt Maddox foresees built-up demand waiting to be released for leisure activities.
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A look inside the latest offerings at online sportsbooks - simulated NBA and NFL games.
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With the major sports still in limbo, the race for the next U.S. President is very much in play.
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Free video picks and predictions for Friday, May 7th's horse racing card.
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Online sports betting was hot on Wednesday.
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Gamblers standing shoulder-to-shoulder laying bets while a crowd gathers around to see a hot dice-thrower make point after point would be a relic of the past, if proposed new health and safety benchmarks for casinos are ratified this week by the Nevada Gaming Commission.
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‘Stars Call for Action – Powered by PokerStars’ will be hosted at PokerStars and broadcast live on Twitch, Facebook and YouTube. Viewers are invited to join hosts James Hartigan and Lex Veldhuis, as well given the option to donate to the cause via specific buttons on the platform of their choice
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With Maryland’s casinos dark in April to help prevent spread of the coronavirus, the state of Maryland took a roughly $60 million revenue hit in April and is down more than $85 million in the past 10 months, compared with the previous year, the state Lottery and Gaming Commission said Tuesday.
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