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Industry
June 14, 2024
Genting Is Still Considering NYSE or Nasdaq NY Listing
Genting Malaysia, a casino & hospitality giant, is still considering going public in New York. As a result, the company’s shares could potentially appear on the Nasdaq or New York Stock Exchange (NYSE). The matter was once again discussed at the recent annual meeting where Tan Kong Han, the casino giant’s president and chief operating […]
Industry
June 12, 2024
New York’s Three New Casinos May Generate Money for the MTA
A couple of years ago, New York lawmakers greenlighted a proposal that called for the creation of three new downstate casinos. The expansion of land-based gambling in the state seeks to bring economic stimulus, create new jobs and generate tax revenue. Yet, there wasn’t much progress since which is a prime reason why Assemblyman Gary […]
Industry
June 10, 2024
NY Betting Handle Exceeds $200M Once Again
The New York State Gaming Commission has published a new financial update on the state’s sports betting industry. According to official data, the monthly wagering GGR exceeded $200 million for the second time ever. As mentioned, GGR stood at approximately $200 million, marking the second time New York has pulled off such a feat. For […]
Industry
June 6, 2024
New York: 17 Individuals Face Charges in Illegal Gambling Sting
More than a dozen individuals, suspected of being involved in a massive illegal gambling and loan shark operation on State Island, New York, were charged Wednesday. Announcement about the charges came from the New York State Attorney General Letitia James, who uncovered that a total of 17 individuals suspected of the unlawful activities faced a […]
Sports
June 6, 2024
New York Senate Passes Bill to Regulate Sportsbook Ads
The New York State Senate achieved a significant legislative victory by passing Senate Bill 1550 unanimously, which will require gambling and sports betting ads to include warnings about the addictive nature and potential harm caused by these activities. New York Bill Mandates Problem Gambling Hotline Number in Sportsbook Ads This decision comes amid growing concerns […]
Business
May 31, 2024
Flutter Shifts Primary Listing to NYSE, Promotes New CFO
In a significant strategic move, Flutter Entertainment, the world’s largest online betting company and owner of FanDuel, has officially transferred its primary listing to the New York Stock Exchange (NYSE). Flutter also announced the appointment of Rob Coldrake as CFO, marking a pivotal moment in the company’s evolution as it heightens its focus on the […]
Poker
May 31, 2024
NY Sen. Addabbo Shows Support for Online Poker Legalization
For years, New York lawmakers have attempted to legalize online poker and so far, those efforts have seen no success. A decade ago, Gary Pretlow filed a bill that proposed the legalization of online poker in the state. Although the bill didn’t gain traction, it served as a starting point for a proposal filed by […]
Sports
May 27, 2024
Bill in New York Calls for Fantasy Sports Prop Betting Legalization
The growth in popularity of sports betting across the United States is unquestionable. With close to 40 states offering legal betting, many provide options for prop bets, albeit some limitations are in place. Proposition bets, also famous as prop bets, gained notoriety over the last couple of years with bettors who lost their wagers sending […]
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 […]