Steven Melendez is an independent journalist based in Chicago. He has more than a decade of experience covering the business and technology sectors for a wide range of publications and holds a master's degree in journalism from Northwestern University.
In iGaming, the company added exclusive access to World of Wonka online slots, a popular brand in land-based slot play that quickly became FanDuel's leading iGaming title.
The AGS board unanimously approved the deal, which would give shareholders $12.50 per share in cash — pending shareholder approval.
Gaming, iGaming, and social gaming all saw double-digit revenue growth year over year.
"DraftKings is off to an outstanding start in 2024 and we're excited to be raising our outlook for the year," said CEO Jason Robins on Friday.
The company did see Y-o-Y growth in online gambling monthly active users, but so far, ESPN Bet spend per user has been less than expected.
MGM Resorts sees record quarterly revenue after China lifts COVID restrictions in Macau.
Weather and Las Vegas traffic cut into revenue and earnings following a "record year" for Boyd.
"The online casino market grows at a high pace and we continue to see great commercial opportunities worldwide," Carlesund said.
"As expected, it continues to remain a market in flux for Entain," said interim CEO Stella David in the company's earnings call Wednesday.