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Industry
October 17, 2023
New York Betting Revenue Grows Along with Problem Gambling
New York officially went live with mobile sports betting in January last year. Despite some conservative predictions, the market in the state grew exponentially, surpassing all projected revenues, positioning New York among the states with the highest revenues. While legal sports betting across the state helped deliver fresh tax revenue, the increase in problem gambling […]
Casino
October 12, 2023
Steve Cohen Considers Constructing Citi Field Casino
Steve Cohen, the owner of the New York Mets MLB franchise, has plans to construct a new casino next to the team’s home stadium, Citi Field. Cohen hopes that the new property would attract more people to the area. The move would mirror other franchises’ efforts to attract people to their stadiums. During Sportico’s recent […]
Industry
October 12, 2023
NY Casinos and Racinos Unite for Unbiased Seneca Compact
The gaming compact between New York State and the Seneca Nation of Indians, a leading employer that offers jobs for thousands of state residents, is set to expire on December 9, 2023. As time is running out and there are approximately two months until the expiry of the contract, intensive talks continue. While the Seneca […]
Industry
October 4, 2023
NY Regulator Approves Fanatics as the Successor of PointsBet’s License
Earlier this year, Fanatics Betting and Gaming acquired PointsBet’s US assets as the latter company announced its exit from America. The latter company sold its US-facing business for $225 million, which it plans to use to fatten up its cash reserves and pay millions in capital returns to shareholders. In the meantime, Fanatics secured a […]
Casino
October 4, 2023
New York State Races Against Time in Seneca Gaming Compact Negotiations
New York state officials find themselves under increasing pressure to secure a new gaming compact with the Seneca Nation of Indians before the current agreement expires in less than 90 days. Concerns Mount Over Stalled Seneca Nation Gaming Talks State Assemblyman Joseph M. Giglio, representing the 148th District of Western New York, expressed his growing […]
Business
September 29, 2023
Bally’s Lease Deal with the Trump Organization May Cost $100M
Earlier this month, the Trump Organization considered leasing the Trump Golf Links Ferry Point, a city-owned golf course in the Bronx to Bally’s. The casino giant continues its negotiations with the Trump family, with a New York casino license on the line. According to an earlier report, the golf course lease would be handed to […]
Casino
September 13, 2023
Newsday Criticizes Slow Process for Downstate NY Casinos
Last year, New York confirmed plans for the development of three new downstate casinos. This sparked debate as many operators saw the potential of this opportunity, while local communities sought to determine how they would be impacted by the casinos. The development of those projects would also bring economic stimulus for different regions, offering temporary […]
Casino
August 31, 2023
NY Gaming Facility Board Answers Inquiries in a 103-Page Document
After several months of waiting and guessing, casino companies and interested parties finally have some of their answers about New York’s upcoming casino licenses. In a 103-page document dubbed Round 1 – Questions and Answers, the New York Gaming Facility Location Board addressed some of the hot questions. Going over a whopping 613 questions, the […]
Sports
August 22, 2023
Gambling Firms Backing Children’s Sports Sparks Controversy Among Parents
Amid the fervent competition to secure licenses for New York City’s inaugural casinos, developers are undertaking unconventional strategies to garner local support, but this turns out to be a move sparking parental discontent. Casino Sponsorship of Kids’ Basketball Camp Ignites Ethical Controversy This summer, a basketball camp held at Coney Island’s Kaiser Park was emblazoned […]
Casino
July 4, 2023
Controversy Surrounds Casino Negotiations Involving Gov. Hochul’s Office
Gov. Kathy Hochul of New York has stressed yet again her detachment from the ongoing negotiations between her office and the Seneca Nation concerning a potential casino in the Rochester area. However, she emphasized that she is not directly participating in the negotiations, the timing decisions, or engaging in discussions with external individuals regarding this […]
