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Industry
February 12, 2024
New York Posts Record-Breaking Online Sports Betting Revenues in January
New York continues to break its online sports betting revenue records month after month, once again publishing unprecedented results in January. According to official data, licensed sportsbooks recorded a total sports betting GGR of $211.5 million. This figure smashes December’s previous record, attesting to the fact that the New York betting sector is yet to […]
Casino
February 9, 2024
Mets’ Owner Steve Cohen Unveils $8bn Casino Plan for Citi Field Area
Considering the resounding success of mobile sports betting in New York, leading industry operators showed interest in securing one of the state’s three new downstate casino licenses. The fierce competition was joined by industry giants, including Wynn Resorts, Las Vegas Sands, MGM Resorts International and several other bidders. Overall, nearly a dozen bidders joined the […]
Casino
February 7, 2024
Two Arrested for Armed Robbery at Gambling Den in Queens, New York
Two individuals have been apprehended by FBI agents for their alleged involvement in a violent armed robbery at an illicit gambling establishment in Flushing, Queens, last July. The incident, which resulted in one person sustaining gunshot wounds, has led to charges against Jamel Berry from Astoria and Zhong Wang, a Chinese national. Robbery at Flushing […]
Industry
February 2, 2024
Online Gambling Bill in New York Undergoes Amendment
More than two years ago, New York launched its legal online sports betting market. Since then, different milestones have been surpassed, highlighting the success of the market and its exceptional potential. While online sports betting has been a blast ever since its launch, lawmakers in the state continue to pursue options for legalizing online gambling. […]
Casino
January 30, 2024
New York Downstate Casino Licensing May Be Delayed Further
The process for awarding three new downstate New York casino licenses may take significantly longer than initially expected. Previously, industry insiders and experts speculated that the bidding process for the licenses may open at some point this month. With the month passing and a range of processes left outstanding, it now looks less likely for […]
Industry
January 29, 2024
New York State’s Mobile Sports Betting Surpasses $3B Milestone
New York’s mobile sports betting industry has surpassed the $3 billion mark in operator revenue, according to the latest report from the New York State Gaming Commission. New York’s Betting Market Thrives with Robust Figures for Week Ending January 21 The figures for the week ending January 21 revealed a robust $47.5 million in adjusted […]
Sports
January 23, 2024
NY Gaming Commission Appointment Sparks Concerns over Potential Conflicts
New York Gov. Kathy Hochul has appointed Marissa Shorenstein, daughter of prominent gambling lobbyist Stuart Shorenstein, to the New York Gaming Commission, sparking concerns about potential conflicts of interest. Gaming Industry Watchdogs Question Shorenstein’s Board Appointment Stuart Shorenstein has a long history as an active lobbyist and advisor to various gaming firms, with his current […]
Casino
January 18, 2024
Nassau County Officials Accuse Hofstra of Coordinating with Casino Rival
Nassau County officials have leveled accusations against Hofstra University, alleging that the institution is colluding with a competitor to sabotage the Nassau Coliseum casino bid. Nassau County Executive Reveals Troubling Evidence of Hofstra’s Role in Casino Project Controversy Nassau County Executive, Bruce Blakeman, held a press conference on January 17, revealing that there is evidence […]
Industry
January 17, 2024
Online Casinos Don’t Make New York Budget Cut in 2024
January 8, 2024, marked the second year of legalized online sports betting for the market in New York. The activity broke all records for that period, with billions of wagers and significant proceeds to the state and the operators who hold a license. While sports betting surpassed even the brightest predictions, online gambling may not […]
Business
January 16, 2024
Bally Links Erases All Traces of Trump’s Legacy
As former President Donald J. Trump’s civil fraud trial entered its closing arguments in Manhattan, a notable change occurred at the Trump Golf Links at Ferry Point in the Bronx. The golf course, now under new management by Bally’s Corporation, underwent a rebranding event attended by Mayor Eric Adams, revealing an updated sign that reads […]
