Industry
March 31, 2025
New York Lawmakers Endorse Citi Field Casino Proposal
There are nearly a dozen gaming and entertainment companies and coalitions planning their bid for one out of three casino licenses in New York. The process of securing one of the coveted licenses is complex and, for some bidders, requires rezoning of land. Such is the case for the proposal backed by the billionaire businessman […]
Sports
March 28, 2025
Bill Seeking to Strengthen Problem Gambling Awareness, Treatment Progresses in NY
A new bill seeking to form the so-called Problem Gambling Advisory Council has now been sent to the assembly for further consideration, which, if successful, will see it arrive at the governor’s desk before long. Senator Joseph Addabbo has been accustomed to making waves in New York’s gambling landscape, with the lawmaker’s latest draft bill […]
Industry
March 24, 2025
New York: Community Board Opposes Bally’s Bronx Casino Plan
As one of the likely bidders for a casino license in New York, Bally’s Corporation has joined the ongoing race together with nearly a dozen other interested parties. Considering that there are only three casino licenses, each bidder hopes to win one. Bally’s proposal for a new hotel and casino resort development is in the […]
Industry
March 24, 2025
Freedom Plaza Shares Vision for New York Green Space
With a total of three New York downstate licenses, a total of 11 entertainment and gaming companies have demonstrated interest in winning one. As competition is fierce, every potential bidder brings lots to the table, with most proposing investments in billions of dollars. Only recently, one of the license contenders, Mohegan, along with its partner […]
Casino
March 20, 2025
New York Senate Takes Steps to Ban Sweepstakes Gaming
The New York Senate Racing, Gaming, and Wagering Committee has given its full support to a bill that aims to outlaw online sweepstakes gaming. The committee’s approval moves the proposal to the Senate floor for more discussion. Senator Joseph Addabbo introduced the bill known as S5935. It looks to prohibit sweepstakes-style online gaming and also […]
Business
March 19, 2025
Bally’s Plans Casino with Ownership Perks for Bronx Locals
Bally’s Corporation, the leading hospitality and gaming company, is one of nearly a dozen gambling operators and coalitions looking into the possibility of securing a casino license in New York. While competition is fierce, only three licenses are up for grabs. Benefits for Bronx Residents Include Pledges to Community Programs, Investment Opportunities In an effort […]
Industry
March 18, 2025
Underdog Exits New York amid Regulatory Scrutiny
Daily Fantasy Sports (DFS) operator Underdog Fantasy has agreed to a $17.5 million settlement with the New York State Gaming Commission (NYSGC). The operator will withdraw its drafts and pick’em games from the state market after contending with allegations of unlawful operations. Despite this setback, the company plans to return to the Empire State and […]
Industry
March 14, 2025
New York Sports Betting Handle Stumbles in February amid Market Uncertainty
New York’s mobile sports betting handle dipped below the $2 billion threshold for the first time in six months, as February’s total bets amounted to $1.98 billion. The decline represented a 20.2% drop from January’s record $2.48 billion handle. However, the figure still represents an 11.2% year-on-year growth compared to February 2024. Revenues Followed a […]
Industry
March 11, 2025
Casino Cash for Local NY Entities Halted amid Legal Uncertainty
The expiry of a gaming compact between the Seneca Nation and New York at the end of 2023 resulted in difficulties for a number of host cities such as the City of Niagara Falls, among others. While some cities benefitted from advance payments in the absence of casino revenue, a number of organizations, including hospitals, […]
Sports
March 11, 2025
MGM Board Member Barry Diller Backs Andrew Cuomo for New York City Mayor
Media tycoon and MGM Resorts International board member Barry Diller has shown his support for former New York Governor Andrew Cuomo in the upcoming New York City mayoral election. Diller’s endorsement stems from his gratitude for Cuomo’s help to develop Little Island, a public park project on the Hudson River. Diller and his wife, fashion […]
