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The Latest in new york
Industry
February 14, 2023
AGA Opposes Gambling Advertising Ban Proposed by New York Congressman
On behalf of the American Gaming Association (AGA), senior vice president Chris Cylke recently issued a statement on the proposed Betting on our Future Act, which was submitted by Rep. Paul D. Tonko. The Act seeks to ban or limit casino gaming advertising, including legal sports betting. Limiting Advertising will Drive Gamblers to Illegal Operators […]
Business
February 10, 2023
New York Sportsbooks Set Betting Handle Record in January
The New York State Gambling Commission, the regulator in charge of sports betting in the state, has announced the results outlining the performance of mobile sportsbooks for January. In total, the mobile betting handle in the state hit $1.79 billion, representing a new all-time-high record. It was back in early January last year when New […]
Sports
February 10, 2023
New York Congressman Cracks Down on Sports Betting Advertising with New Bill
Ahead of the Super Bowl, Rep. Paul D. Tonko has brought forward the Betting on our Future Act, legislation that aims to ban all online and electronic advertising of sports gambling. Sports Betting Ads Put Young Adults at Risk The Betting on our Future Act is modeled after the Federal Cigarette Labeling and Advertising Act, […]
Casino
February 8, 2023
MGM’s Empire City Casino New York Revamps Gaming Floor
On Tuesday, the company confirmed that more than 1,000 new state-of-the-art games were added to the gaming floor of the casino. Thanks to the newly revamped gaming floor, Empire City Casino can now deliver new and unique engaging experiences for its visitors. Bringing popular new hits, the location replaces nearly 20% of its slot and […]
Industry
February 1, 2023
FanDuel and DraftKings Call for Lower Tax Rates on GGR in New York
The Auburn Citizen reported that at a recent legislative hearing the CEOs of the two operators, have urged lawmakers to reduce the 51% tax on gross gaming revenue (GGR) as it is the highest among states that have legalized mobile sports betting. DraftKings and FanDuel Warn of 10-20% Drop in Sports Betting Handle In the […]
Business
February 1, 2023
Mohegan Becomes Casino Partner of Soloviev Group for NY Bid
The bid for the project comes after recently, the gambling regulator in the state, the New York State Gaming Commission, opened an application request for the development of three downstate casinos. Those strategic projects are expected to deliver long-term value, boost tourism and deliver unique experiences for the visitors, something that both Soloviev Group and […]
Legal
January 23, 2023
Poker Pro Finally Admits Guilt in NYSGC Hoax
Keeping a grudge for nearly half a century has got to be a lot of work, and Carter’s admittance is a clear sign that it has probably gone on long enough. Finally Pleading Guilty He was found to have left threatening voicemails and mailed white powder to the New York State Gaming Commission (NYSGC) over […]
Industry
January 23, 2023
New York Senate Bill Seeks to Expand Betting Further
The Empire State, which has one of the toughest taxes on gambling and betting, can further benefit from expanding its industry, the senator believes. Sen. Addabbo proposes that online sportsbooks be allowed to accept wagers on fixed-odds horse racing. Addabbo Outlines Additional Betting Options for NY Another proposal is the installation of self-serving kiosks at […]
Industry
January 18, 2023
Sen Addabbo Proposes More Online Sportsbooks, Lower Tax Rates
Online sports betting has been legal in New York for about a year now. The market is flourishing but some politicians are seeking to expand it further, which would result in a decrease in tax rates. Senator Addabbo Wants to Welcome More Sportsbooks into the Empire State Introduced by Senator Joe Addabbo, SB S1962 is […]
Casino
January 12, 2023
Las Vegas Sands Unveils Plans for Massive IR Project in New York
The announcement came Thursday and sees Sands plan a massive entertainment, hospitality and casino location that is expected to boost the local economy and create jobs. Sands Plans Massive Project in Downstate New York Judging by a statement released by the company, it has already entered into agreements for a long-term lease of a site […]