Business
August 1, 2024
Phil Hellmuth Divests RSI Shares Amid Affiliate Program Controversy
Phil Hellmuth, a celebrated figure in the poker world, recently announced that he has sold his entire stake in Rush Street Interactive (RSI). This decision comes on the heels of the company’s controversial move to discontinue its affiliate program across multiple states, a move that has stirred discontent within the gaming community. Phil Hellmuth Sells […]
Business
July 31, 2024
WynnBet Exits New York, Downstate Casino Hopes Remain
WynnBet, one of the pioneers in the New York online sports betting market, will no longer be taking bets, heralding the coming of ESPN Bet to the Empire State. Wynn Is Winding Down Its Online Presence The Wynn-owned sportsbook stopped taking bets on Monday, putting an end to over two years of operation. New York […]
Industry
July 31, 2024
Wisconsin Man Wins $4.3M Megabucks Lottery Jackpot
This is the 30-year lesson one player, Richard Kiesner, may share with other lottery hopefuls. Playing the Megabucks lottery, the Wisconsin resident managed to hit the $4.3 million – the largest jackpot to date – on July 17. Kiesner, whose name was shared by the lottery because of state laws, scooped the winning ticket at […]
Sports
July 31, 2024
Bovada Faces Bans in Connecticut and Washington D.C.
The US online gaming scene has seen a big change. Bovada, a well-known offshore betting site, cannot operate in Connecticut and Washington D.C. anymore. This ban is part of a larger push to crack down on unlicensed gambling websites in the US. Connecticut and D.C. Block Bovada, Joining Broader State-Level Crackdown Connecticut’s Department of Consumer […]
Casino
July 30, 2024
Harrah’s Joliet Casino Employees Rescue Man Wounded in Shooting
Early Monday morning, a 37-year-old man got shot near a downtown Joliet parking deck. He then went to Harrah’s Joliet Casino where employees acted fast and helped him in a way that may have saved his life. Sergeant Praises Response of Casino Staff After Shooting Incident Near Courthouse The event happened around 5 a.m. when […]
Business
July 29, 2024
Bally’s Reaffirms Commitment to Las Vegas amid Ambitious Expansion Plans
Soo Kim, Bally’s chairman and co-founder of Standard General L.P., the company behind the recently announced acquisition, discussed the operator’s post-merger strategy. He noted that the future of casino gaming remains bright despite current market uncertainties. Kim remained adamant that the multibillion-dollar investment was a testament to Standard General’s confidence in the sector’s continued growth. […]
Business
July 29, 2024
BetMGM Posts Negative H1 EBITDA Amid Investment Year
Gaming and betting giant Entain has published a report concerning the BetMGM brand’s performance in the first half of 2024 (H1). Co-owned by Entain and MGM Resorts International, the operator recorded accelerating momentum through the year. Negative EBITDA Is in Line with Expectations The H1 update highlighted net revenue from operations of 1 billion, up […]
Sports
July 29, 2024
Operators Expect Record Olympics Bets Amid Projected US Dominance
American sports betting operators are expecting high betting activity during the Summer Olympics in Paris. According to gambling companies, the strong presence of US basketball and soccer teams would attract many punters. The Associated Press spoke with representatives of leading gambling companies, asking them to share their predictions. Operators Expect Record-Breaking Betting Activity John Ewing, […]
Sports
July 29, 2024
FanDuel’s Mobile Sports Betting Revenue in New York Reaches $2B
FanDuel, a leader in digital sports betting, just hit a big win. The company has now made over $2 billion from mobile sports betting in New York alone. The New York State Gaming Commission shared this data for the week ending July 21. It took FanDuel 133 weeks to reach this big number showing how […]
Sports
July 29, 2024
PrizePicks Engages Moelis & Co. to Explore Expansion Opportunities
PrizePicks, the biggest daily fantasy sports (DFS) operator in North America, has hired investment bank Moelis & Co. to look into possible mergers and acquisitions. People who know about the situation have commented that the company wants to grow by buying other companies instead of selling its business, reported Bloomberg. From Atlanta to a Thriving […]
