Gaming chief executives enjoy one last normal pay period before the COVID wrecking ball swings, and AETHOS Consulting’s annual salary survey determines which of these leaders truly earned their 2019 compensation
As 2019 rolled to a close last winter, the gaming industry was in a mood to celebrate—after all, it was a banner year in terms of revenue and company valuations were high, which was leading to deals such as Eldorado Resort’s purchase of Caesars Entertainment and Penn National Gaming’s share acquisition of Barstool Sports.
Few would argue that the gaming industry financially took it in the teeth during the first weeks and months of the COVID-19 epidemic—not surprising, given that the primary way of stopping the spread of coronavirus was by shutting down businesses that draw mass crowds of people, which is the very definition of a casino resort.
Approximately 13 percent of American adults plan to bet on National Football League (NFL) games this year despite lower enthusiasm from fans in general about the 2020-21 season, according to a new survey from the American Gaming Association (AGA).
Colorado sportsbooks again capitalized on interest in nontraditional sports to produce modest gains in June, but the uptick will likely pale in comparison to an expected July surge powered by the return of major North American sports, according to PlayColorado press release.
Pennsylvania's sportsbook capitalized on the return of major sports to nearly double the handle from June to July, and the state's online casinos built momentum as the Keystone State's market continued to rebound in July, according to PlayPennsylvania analysts.
If California voters approve online and retail sports betting in November it will open the door to a market that has the potential to generate more than $30 billion in wagers annually, according to projections from PlayCA.com, which analyzes legalized gambling in California.
A new study on current and potential sports bettors from consumer insight firms Heart+Mind Strategies and Horowitz Research found that one in six (14 percent) U.S. adults 21 years of age and older—especially young, highly-educated affluent men—engage in sports betting, a number that could increase to 34 percent with another 20 percent of U.S. adults considering entering the sports betting market.