Stephanie A. Wood

Caesars Entertainment on Tuesday shared its second-quarter results, which were muted compared to the same quarter last year. Adjusted EBITDA for Q2 2022 was $978 million, down from $1.004 billion for the year-ago period. The company also had a $0.57 loss per share, a major swing from the previous Q2’s $0.34 earnings per share gain.   Similarly, company-wide…

In its investor day call Thursday, DraftKings shared long-term plans to have gross gaming revenue of $6.7-$9.5 billion when the North American market reaches maturity. Additionally, the company plans to be profitable from operations in 2022, with the caveat of there being no new state launches.  This is an optimistic view on the situation after the company’s earnings call last…

Colorado is taking steps to increase awareness for responsible gaming. Colorado Gov. Jared Polis signed HB22-1402 into law in June. The Responsible Gaming Grant Program updates Colorado’s funding to support responsible gaming. It also provides funding for Colorado waterways. The goal is to increase the amount of funding that will go to problem-gaming services, closes existing loopholes, and increase…