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Business
July 29, 2020
Nevada Looking at 3-Year Recovery to Reach Pre-Pandemic Levels
Recovery in Nevada to pre-pandemic levels could take up to three years, economic analyst Jeremy Aguero has cautioned. Nevada’s Recovery Road Could Take 3 Years Nevada is looking at a long and sinuous recovery road, one analyst estimates, with Southern Nevada facing various challenges, from job cuts to reduced visitation rate, and the dangers of […]
Business
July 29, 2020
Massachusetts Betting Amendment Proposes 30% Tax on Online Wagering
Massachusetts lawmakers have voted amendments on House Bill 4879 to expand the scope of online lotteries in the state and increase sports betting tax to 30%. Amendments Passed for HB 4879 in Massachusetts Massachusetts lawmakers have amended a sports betting bill introduced last week to now allow online lotteries to operate legally in the state. […]
Business
July 28, 2020
DraftKings Becomes the PGA TOUR Official Betting Operator
DraftKings and the PGA TOUR have officially expanded on their multi-year exclusive arrangement, an announcement by the daily fantasy and sports book provider outlined. The content and marketing deal signed in 2019 that made DraftKings the first Official Daily Fantasy Game of the PGA TOUR now expands into the sports betting sphere by designating the […]
Business
July 28, 2020
Mashpee Tribe to Retain Land, U.S. House of Representatives Decides
The Mashpee Tribe has won a court case against the Trump Administration which attempted to take away 300 acres of land from the tribe, reversing a 2015 decision passed by former U.S. President Barack Obama’s administration. Massachusetts Mashpee Tribe Wins Against Aggressive Land Takeover Tribes in Massachusetts can finally relax after the U.S. House of […]
Business
July 28, 2020
Tipico Adds NetEnt as Content Partner Ahead of NJ Launch
NetEnt has become one of the first partners for Tipico’s pending launch in the United States and the New Jersey market in particular. Tipico Teams up with NetEnt for a New Jersey Launch Expanding on its recently-announced marketing efforts in the United States and New Jersey, Tipico has secured a content deal with NetEnt. Tipico […]
Business
July 27, 2020
LVS Waives Rents for Mall Tenants in Macao and Singapore
Las Vegas Sands Corp. filed information to the Securities and Exchange Commission (SEC), revealing the company waived for the first six months millions in rents to mall tenants in Macao and Singapore. The total amount of rents waived to support its tenants is $170 million and accounts for most of the decline in mall revenue […]
Business
July 27, 2020
RSI Goes Public on the NYSE, Merger Deal with dMY Agreed
Rush Street Interactive (RSI) announced Monday it entered into a definitive agreement with NYSE-traded dMY Technology Group for the merger of the two companies, upon the completion of which RSI will become a public listed company. SPAC Deals Continue The Boards of Directors of both the Special Purpose Acquisition Company (SPAC) dMY and Rush Street […]
Business
July 27, 2020
Resorts World LV Begins Preparing for 2021 Summer Opening
Resorts World Las Vegas will continue with construction efforts as planned and will open in the summer of 2021, after pushing the original launch by a year from 2020. Genting’s Resorts World Remains Optimistic about the Future With Resorts World Las Vegas calling it lights out until next summer, the property is already preparing for […]
Business
July 27, 2020
IBIA Calls for Introduction of In-Play Betting in Australia
Australia’s Sports Wagering Scheme (ASWS) designed to boost sports betting integrity would need to consider adding in-play betting and strengthen racing betting regulation, the International Betting Integrity Association (IBIA) has cautioned. IBIA Calls for In-Play Betting Options and Boosting Sports Integrity The International Betting Integrity Association (IBIA) has launched an appeal for in-play betting opportunities […]
Business
July 26, 2020
DraftKings and Kambi Partnership Terminates September 2021
Boston-based daily fantasy and sports book operator DraftKings announced it reached an agreement with Kambi Group for the mutual support and cooperation on the DraftKings’ migration from Kambi’s back-end platform services to the SBTech sports betting and iGaming platform. Contract Termination Date Agreed As part of the agreement, the contract between DraftKings and its previous […]