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Casino
May 27, 2024
Gary Pretlow Urges to Quicken Pace of NY Gambling Expansion
Assemblyman Gary Pretlow has long been a supporter of legalizing, expanding, and liberalizing the gambling industry in New York – a state often seen as a holdout by many gambling companies across the nation. The Highest Bidder Is Still Not in the Room Despite the slow momentum, plans for casino properties are gaining traction, too […]
Business
May 20, 2024
Historic Sports Betting Week for New York and DraftKings
The second week of May proved to be a busy period for licensed sports betting operators in New York, data released by the gambling regulator, the New York Gaming Commission, reveals. Besides a busy period, the week that ended May 12 enabled DraftKings to set a new weekly revenue record. Previously, FanDuel held the revenue […]
Casino
May 20, 2024
Lawmakers Push to Accelerate NYC Casino Licensing, Citing Economic Benefits
New York state lawmakers Sen. Joseph Addabbo and Assemblyman Gary Pretlow have submitted a bill, which aims to expedite the process of awarding casino licenses in the New York City area. New Bill Proposes Earlier Deadline for NYC Casino Licenses to Boost State Revenue The proposal stipulates that all casino license bids must be submitted […]
Casino
May 17, 2024
Thor Equities Refines Coney Island Casino Proposal
Thor Equities, alongside its partners Saratoga Casino Holdings, the Chickasaw Nation, and Legends, has unveiled a refined vision for its ambitious casino project in Coney Island, Brooklyn, now branded simply as The Coney. The $3 billion development plan transcends traditional gaming, promising a comprehensive entertainment and hospitality hub. However, the project has faced substantial backlash […]
Industry
May 16, 2024
Ethics Complaint Filed by Nassau College Teachers over $120K Lobbying
The expansion of casino gambling in New York captured the attention of major operators within the industry. The competition is fierce as there are only three downstate licenses up for grabs and many more operators that have already submitted plans and reaffirmed their intention to secure one of the coveted licenses. Supporters of the proposed […]
Sports
May 9, 2024
NY Fantasy Sports Market Set for Overhaul with Sen. Addabbo’s Bill Proposal
New York Sen. Joseph Addabbo Jr. made a bill proposal on May 7, which aims to change the betting market for fantasy sports in New York. Supported by sports celebrities such as former New York Yankees star Tino Martinez and Super Bowl champion David Tyree, the proposal is trying to address regulatory gaps while also […]
Sports
April 30, 2024
DraftKings Takes the Cake in New York in a Single Week
The data shows that DraftKings was able to pull in a total of $27.3 million in terms of sports gambling revenue, half of the market total more or less. DraftKings posted a hold level of 14.6% on the $187.1 million wagered with the platform during the week and set a new record for itself. DraftKings […]
Legal
April 22, 2024
Cayuga Nation Takes NYSGC to Court over IGRA Violation
The Cayuga Nation was not amused to find lottery tickets being sold on its reservation. As a result, the tribe is taking the New York State Gaming Commission (NYSGC) to court. The tribal nation learned that lottery tickets were being sold on its reservation in the Finger Lakes region, violating its exclusive right to offer […]
Industry
April 19, 2024
Mafia Gambling Ringleader Pleads Guilty in New York City
An alleged associate of the Genovese organized crime family of La Cosa Nostra pleaded guilty to running an illegal gambling operation generating proceeds for the crime family earlier this week. The criminal case involved Salvatore Rubino, nicknamed “Sal the Shoemaker,” who collaborated with other members of the family and operated an illegal gambling ring from […]
Sports
April 19, 2024
NY Gambling Regulator Supports NCAA’s Call for Nationwide Prop Bet Ban
Amid the expansion of sports betting across the United States, prop bets, wagers that allow gamblers to place bets on different parts of a football game or the performance of specific athletes for example, rather than the outcome of the whole game, have been gaining popularity. Besides popularity among bettors, prop bets have gained notoriety, […]
