Industry
July 10, 2024
New York Bill Requires Help Hotline on Mobile Betting Ads
More than two years have passed since New York launched its legal mobile sports betting market. Since then, the state surpassed many records for handle and revenue set in other states that have offered the activity for years. The unquestionable expansion came together with concerns about the potential negative impact of excessive betting. Amid the […]
Business
June 27, 2024
New York Casino Bidder Vows $250M Community Investment
With three new downstate casino licenses up for grabs in New York, competition is fierce. So far, several recognizable gambling and entertainment operators have shown interest in developing a casino. Companies interested in submitting a license bid can do so by July 31, 2024, while the three new licenses are expected to receive approval by […]
Industry
June 25, 2024
DraftKings Employee Accused of Information Leak, Aiding Extortion
A new lawsuit alleges a senior-ranking employee of DraftKings aided an extortionist, who threatened to kill a New York bettor and asked him to pay a substantial sum to a recognizable sports betting influencer. The case was reportedly filed with the Supreme Court in Queens County, New York, by a person who withheld his identity. […]
Industry
June 24, 2024
NY Assemblyman Criticizes the Lack of a New Tribal Compact
New York Governor Kathy Hochul’s inaction when it comes to forming a new gaming compact with the Seneca Nation of Indians doesn’t sit well with assemblyman Joseph Giglio. Despite being vital to the regional economy of Western New York, the compact seems to be low on the priority list of lawmakers. As a result, the […]
Lottery
June 20, 2024
USA Players Win Big Despite Missing $57M Powerball Prize
Players from New York, Georgia and other states have narrowly missed the $57 million Powerball jackpot during the latest drawing. However, the two players were still rewarded well for nailing quite a few numbers correctly. As of the time of this writing, there is no information about the stores that sold the winning tickets. The […]
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 […]
