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Industry
August 6, 2024
Maryland Casino Sector Records Slowdown as July Revenue Declines
Maryland’s six casinos have generated almost $170 million in revenue in July 2024, marking a slight year-on-year decline. By extension, this led to a slight decline in the industry’s contributions to the state. Maryland’s Six Casinos Recorded Slightly Lower Revenue Maryland has six legal commercial casinos that offer both table games and video lottery terminals […]
Industry
August 6, 2024
Australia: Labor under Scrutiny over Partial Gambling Ads Ban
Just like in the UK, Australia is also going through an overhaul of its gambling sector. An inquiry into the gambling industry which was completed last summer proposed a range of changes as a way to decrease problem gambling, protect vulnerable individuals and limit crimes related to the gambling industry such as money laundering. The […]
Industry
August 6, 2024
Stock Market Slump Jolts the Gambling Industry
The gaming industry was significantly impacted by Monday’s dramatic stock market slump, which saw the Dow Jones Industrial Average drop over 1,000 points, marking the market’s worst day since 2022. The Dow tumbled 2.6%, while the Nasdaq Composite plunged 576 points—equating to 3.4%. These rapid movements caused significant panic, but the situation looks to be […]
Industry
August 6, 2024
Brit Changed Name to Escape Gambling Past
A recovering gambling addict has embraced a new name in an effort to put his past of addictive gambling behind him. The 62-year-old spent most of his life struggling with gambling but is finally on the path to recovery. Jagger Struggled with Gambling Almost His Entire Life The elderly Brit, known as Mike Jagger, has […]
Industry
August 6, 2024
UNITE HERE Backs Harris Despite Trump’s Promise to Slash Tip Taxes
Donald Trump’s promise to make tips tax-free has not been enough to attract gaming and hospitality workers toward his cause. Members of UNITE HERE are doubtful that the former president would be able to deliver on his promise, should he get reelected. According to UNITE HERE’s president, Gwen Mills, Trump was simply making a play […]
Industry
August 6, 2024
Sen. Merkley Leads Group Calling for US Elections Gambling Ban
On May 10, the Commodity Futures Trading Commission (CFTC), which is charged with the regulation of the vast and complex derivatives markets, issued a Notice of Proposed Rulemaking in connection with event contracts. The rulemaking featured a prohibition on event contracts regarding the outcome of elections in the US. On Monday, Senator Jeff Merkley (D-OR) […]
Industry
August 6, 2024
Police in Gadsden, Alabama Continue Illegal Gambling Crackdown
Last week, law enforcement in Gadsden, Alabama conducted a large-scale operation against illegal gambling. Led by the Gadsden Police Department’s Street Crime Unit, “Operation Jackpot” resulted in the seizure of $20,000 in cash, as well as 88 illegal gambling devices. Sgt. Jacob Entrekin who is a part of the Police’s Street Crime Unit, said that […]
Industry
August 6, 2024
Papaya Gaming Dismisses Bot-Use Allegations in Skillz Lawsuit
Earlier this year, Skillz, the leading mobile games platform that offers skill-based and fair games, filed a lawsuit against Papaya Gaming, a competitor company also operating in the skill games market. In its lawsuit, filed with the New York Southern District Court in March, Skillz claimed that its rival misled its customers by promoting player-versus-player […]
Industry
August 5, 2024
BGC and Its Members Mourn the Passing of Paul Darling
Britain’s Betting and Gaming Council (BGC) and its members have paid tribute to Paul Darling, the chair of the Horserace Betting Levy Board, who passed away. Industry representatives thanked Darling for his incredible contributions and expressed sadness about his passing. The Racing and Betting Sector Lost a Great Man Michael Dugher, chairman of the BGC, […]
Industry
August 5, 2024
New Jersey Lambasts Bet365 for Altering Odds, Orders It to Pay Out $519K to Players
The New Jersey Division of Gaming Enforcement (DGE) has ordered gaming and betting operator bet365 to pay out over $500K to dozens of bettors after revising its odds. The authority was unhappy with the fact that the operator made those changes without securing regulatory approval even if the original odds were errant. Bet365 Altered Wagering […]
