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Fiona Simmons's latest articles
Fiona Simmons
JournalistAlthough Fiona doesn't have a long-spanning background within the gambling industry, she is an incredibly skilled journalist who has built a strong interest in the constantly growing iGaming network. The team at Gambling News is glad to have her on our roster to help deliver the best stories as soon as they hit. Aside from writing, she loves to dabble in online casino games such as slots and roulette, both for her own enjoyment and also as research to better improve her understanding of the industry.
Sports
August 15, 2020
DraftKings & FanDuel May Face Millions in Excise Tax Annually
A major shake-up for the daily fantasy sports (DFS) industry is looming after the decision by the Internal Revenue Service (IRS) that the entry fees for the competitions must be subjected to federal excise tax, threatening to affect large DFS and sports book operators such as DraftKings and FanDuel. An internal memorandum from the Office […]
Business
August 15, 2020
DraftKings Continues US Market Sports Betting Expansion
Latest Q2 2020 report by DraftKings outlined revenue growth, despite the disrupted schedule of major sports leagues earlier this year. The company plans to enter the sports betting market of Virginia, Tennessee and Michigan. DraftKings Plans Further Expansion on the U.S. Market The latest report by the sports betting operator DraftKings outlined strong Q2 revenue […]
Casino
August 14, 2020
Mohegan Sun to Lay off Undisclosed Number of Employees
Employees of Mohegan Sun currently on furlough will be permanently laid off unless called in to work until September 30. While the company hasn’t revealed how many employees will be affected, by now an approximate of 75% of the employees were called in to work. Layoffs of Undisclosed Number of Mohegan Sun Employees Thursday, August […]
Industry
August 13, 2020
MGM Resorts Employee Fund Receives a $2 Million Donation by Kerkorian Estate
The fund by MGM aiming at mitigating the COVID-19 impact on employees receives a $2 million donation by the Kerkorian Estate. MGM’s CEO Bill Hornbuckle expressed gratitude for the generous contribution. Kerkorian Estate Donates $2 Million to MGM Employee Fund The employee fund of MGM Resorts International received a $2 million donation by Kerkorian Estate. […]
Casino
August 13, 2020
Massachusetts Could Add Back Craps and Roulette at Casinos Today
In a conference call planned for today, the gaming regulator in Massachusetts will discuss the return of craps, roulette and poker at casinos. Massachusetts Regulator Discussing the Possible Return of Craps, Roulette and Poker Today, August 13, in a conference call meeting the Massachusetts Gaming Commission (MGC) will be discussing the return of craps and […]
Business
August 12, 2020
BetMGM Becomes NASCAR Authorized Gaming Partner
NASCAR and BetMGM signed a multi-year partnership yesterday. A Multi-Year Partnership between NASCAR and BetMGM Tuesday, August 11, the sports betting leader BetMGM and NASCAR announced a key partnership. Under the multi-year partnership, BetMGM becomes an Authorized Gaming Operator of NASCAR. Moreover, BetMGM will be allowed to create and promote NASCAR sports betting experiences available […]
Esports
August 11, 2020
Allied Esports Reported Second Quarter Net Loss of $10.9M
Premier esports entertainment company Allied Esports announced its second-quarter financial results, August 10, posting a net loss of $10.9 million for the three months ending June 30. The net loss figure includes a one-time non-cash conversion inducement expense of $5.2 million related to recent debt refinancing and is nearly three times higher than the $2.8 […]
Casino
August 10, 2020
InterActiveCorporation Acquires a $1B Stake in MGM Resorts
Digital media company InterActiveCorporation (IAC), which has a history of buying, developing and selling online businesses announced today it had accumulated a significant share in MGM Resorts International. In a Schedule 13D filed to the Securities and Exchange Commission (SEC), IAC revealed it had acquired 12% in the casino operator, worth an estimated $1 bilion. […]
Legal
August 10, 2020
Tribes Sue Each Other over Gambling Compacts in Oklahoma
A lawsuit was filed against U.S. Department of the Interior and Governor Kevin Stitt by four Oklahoma tribes – The Cherokee, Chickasaw, Choctaw and Citizen Potawatomi Nations. The Hurdle over Gambling Compacts in Oklahoma Continues Last week Friday, four tribes in Oklahoma filed a lawsuit against U.S. Department of the Interior and Governor Kevin Stitt. […]
Industry
August 9, 2020
NCPG Awarded HRI and Seminole Gaming with a Corporate Social Responsibility Award
The National Council on Problem Gambling announced earlier this week that Hard Rock International and Seminole Gaming have won the Corporate Social Responsibility Award. The Corporate Social Responsibility award Earlier this week, the National Council on Problem Gambling (NCPG) has announced that Hard Rock International and Seminole Gaming have won the Corporate Social Responsibility Award. […]