by Carter Floyd | May 10, 2020 10:33 am | Revenue
Iowa recorded record lows for both sports betting handle and revenue in April. COVID-19 shut down 6 Iowa sportsbooks entirely and relegated the other 13 to online wagers only. Iowa casinos could begin reopening by mid-May, but until major American sports leagues...
by Carter Floyd | May 9, 2020 10:27 am | Revenue
West Virginia handled only $1.9 million in April sports wagers and collected $124,000 in revenue—a 6.54% hold rate. These figures were drastic reductions from the pre-COVID-19 handle and revenue figures. While West Virginia is beginning to reopen, the sports betting...
by Daniel Borjas | May 8, 2020 12:10 pm | Regulatory
The Nevada Gaming Commission has accepted new guidelines to reopen casinos in the state. Potentially, over 400 casinos can be reopened in the near future with limited capacity. The Commission claims that safety and health is their number one concern. LAS VEGAS – The...
by Carter Floyd | May 8, 2020 11:09 am | Revenue
Wynn Resorts lost nearly $700 million in revenue in Q1 2020 compared to Q1 2019. The company’s stock price dropped by $84.87 (61%) from January 1 to March 31 as well. Some of Wynn’s losses are attributable to its decision to pay employees despite Wynn properties being...
by Christina Monroe | May 7, 2020 5:16 pm | Sports Betting
The German soccer league Bundesliga will resume the regular season schedule on May 16 after receiving approval from the government to do so. Betting lines are already up for the first six matchups that will occur on day one of the comeback. Borussia Dortmond is...
