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Business
February 10, 2025
Bally’s Wraps Up $4.6B Deal with Standard General
Bally’s Corporation has now sealed its much-awaited deal with Standard General and Queen Casino & Entertainment setting a new benchmark in the gambling world. The $4.6 billion transaction gives Standard General, already the biggest stakeholder in Bally’s, an even tighter grip on the casino company. Bally’s Finalizes Deal with Queen Casino, Issues $500M in Notes […]
Industry
February 7, 2025
Maine Retail Sportsbook Loses License Ahead of Super Bowl Weekend, Appeals
Much of January is spent by sportsbooks preparing for the single most-wagered-on event in the history of American sports – the Super Bowl. Yet, Oddfellahs Sportsbook and Bar in Portland is now frantically scrambling to appeal and hopefully overturn a license refusal issued by the Maine Gambling Control Unit. Sportsbook Gets Cold Shoulder from Regulator […]
Sports
February 7, 2025
Donald Trump Could Be Professional Golf’s New Messiah
Professional golf has been having a hard time. The timely arrival of regulated sports betting has helped glue more eyeballs to the competition’s waning popularity, and despite a jump in women golfers, and their ample coverage, the PGA Tour and rival organization LIV remain in a bit of a bad shape. PGA Tour and LIV […]
Casino
February 7, 2025
Legal Battle Erupts Over Planned California Casino on Alleged Massacre Ground
Two Native American tribes and a community group are suing to stop a tribal casino project in Northern California. They have taken their case to a federal court in Washington, D.C. The lawsuit argues that the chosen casino site called Strawberry Fields is historically and culturally important as it is allegedly located where the 1846 […]
Sports
February 7, 2025
CFTC Hints at Potential Change in Prediction Market Rules
The US Commodity Futures Trading Commission (CFTC) plans to take another look at how it regulates prediction markets through a public discussion. Acting Chairman Caroline Pham, who President Donald Trump put in charge, is spearheading the push to create a more forward-thinking structure for these markets, which have run into legal and regulatory hurdles in […]
Industry
February 7, 2025
Donald Trump Pick for the Commerce Department Accused of Illegal Gambling, Money Laundering
Howard Lutnick, the CEO of Cantor Fitzgerald, has been attacked in a fresh piece by Politico, a respected media outlet, which alleged that he had been tied to a sports gambling business, that eventually led to criminal charges. Lutnick is President Donald Trump’s top choice to head the Commerce Department, and although he has now […]
Industry
February 6, 2025
Leaders Discuss the Future of Tribal Gaming under Trump
Native American gaming leaders are wary of Trump’s second term as president, fearing that it might impact their businesses. The billionaire has been an outspoken critic of tribal gaming, critiquing the vastly different rules they have to adhere to. Governmental Shifts May Mean Trouble for Tribal Gaming At a recent Indian Gaming Association (IGA) webinar, […]
Sports
February 6, 2025
Super Bowl Betting Trends Emerge with Big Wagers Going Down
After the American Gaming Association proffered a guess that as much as $1.39 billion may be wagered legally on Super Bowl 2025, sportsbooks are scrambling to make the most out of this. Huge Betting Volume Expected for Super Bowl 2025 Exploring BetMGM’s most intriguing picks for the year, the betting markets offer a fascinating glimpse […]
Casino
February 6, 2025
Pennsylvania Wants to Tax Skill Games with 52% on Revenue
Gov. Josh Shapiro is planning to show a harder stance on skill games, which have been the subject of much debate. One court battle after the other has ensued over the past years, with the games finally deemed legal in the Keystone State by a court of law, but not formally regulated. Gov. Shapiro Pitches […]
Industry
February 6, 2025
Bill Fails to Snuff Out Indoor Smoking in Mississippi
Indoor smoking in Mississippi will remain as lawmakers ignored an indoor smoking ban bill. The Magnolia State, for context, has a fairly different approach to tobacco consumption in enclosed areas than other US jurisdictions. Mississippi Is a Very Smoke-Friendly State In January, Representative Bryant Clark filed House Bill 361, seeking to ban indoor smoking across […]
