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Industry
February 27, 2025
Iowa Bill Banning Smoking in Casinos Is One Step Closer to Full Acceptance
The Iowa House Commerce Committee passed a bill that could ban indoor smoking in casinos and there is currently hot debate for and against it. Bill One Step Closer to Full Passing Labeled as Bill HSB148, the new proposition aims to ban smoking in casinos in Iowa. The bill passed out of the Iowa House […]
Industry
February 27, 2025
Pennsylvania Is Ready for Problem Gambling Awareness Month
Pennsylvania is ready to kick off Problem Gambling Awareness Month and champion safer gambling and risk awareness. Representatives of various organizations across the state gathered to highlight the importance of this initiative and encourage players to gamble in moderation. Problem Gambling Awareness Month Is Just Around the Corner March is National Problem Gambling Awareness Month […]
Industry
February 27, 2025
Kentucky Bill to Channel Betting Money Toward Local Governments
A new bill in Kentucky seeks to change how the money from the state’s horse racing wagering tax is distributed. Lawmakers proposed injecting some of these proceeds back into local governments, which would thus be able to fund a variety of initiatives. HB 782 to Redirect Betting Money Toward Communities Kentucky, for context, currently channels […]
Casino
February 27, 2025
Pennsylvania Gaming Control Board Fines Casino and Bans Nine People
The Pennsylvania Gaming Control Board (PGCB) has fined Presque Isle Downs & Casino $81,575 for breaking rules. Presque Isle Downs Fined Over $80K for Slot Machine and Licensing Violations The Board decided on the penalties for Presque Isle Downs & Casino at a meeting on February 26. The casino got in trouble because it did […]
Lottery
February 27, 2025
Former Lottery.com CEO Faces Charges for Securities Fraud and Obstruction
The FBI has brought charges against Vadim Komissarov, who used to run Trident Acquisitions Corp. He is facing accusations of securities fraud, obstruction of justice, and lying under oath. FBI officials say Komissarov cooked up a plan to trick investors by pumping up revenue numbers and hiding financial problems. His goal was to push through […]
Industry
February 26, 2025
Mississippi Moves to Raise Casino Taxes amid Online Betting Debate
The ongoing attempts to reshape Mississippi’s gambling landscape could result in a significant casino sector tax hike after the House Ways and Means Committee approved raising the levy from 12% to 16%. The motives behind this proposal lie in the Mississippi Senate’s unsuccessful attempts to legalize online wagering, costing the state significant missed revenues. Mississippi […]
Industry
February 26, 2025
Prediction Markets Grapple with Rising Scrutiny in the USA
Prediction markets are at the epicenter of a growing debate as regulators and industry stakeholders clash over classification and oversight. The American Gaming Association (AGA) has publicly opposed this practice, filing a formal letter to the Commodities Futures Trading Commission (CFTC) on Thursday. AGA requests to join next month’s Washington, D.C. roundtable discussion on sports […]
Business
February 26, 2025
Caesars Publishes 2024 Financials, Considers Divesting Non-Core Assets
American gaming powerhouse Caesars Entertainment has published its Q4 and FY 2024 financials, highlighting stable revenue and an increase in net income, despite a slight decline in adjusted EBITDA. In addition to that, the company announced that it is open to the possibility of selling more non-core assets in order to reduce its debt. Caesars […]
Industry
February 26, 2025
NJ Gov. Murphy Proposes Raising Online Gaming and Betting Tax
New Jersey’s governor is eyeing an iGaming tax hike to address the state’s financial needs. This mirrors proposals in other states, which have also been considering tax increases. Governor Murphy Wants to Raise the iGaming Tax New Jersey has historically been one of the most lenient states in terms of gambling taxes. As one of […]
Casino
February 26, 2025
Sault Tribe Hackers Demand Answer as Cyberattack Aftermath Unfolds
The Sault Ste. Marie Tribe of Chippewa Indians continues its work to get its operations back on track after a crippling ransomware attack on February 9. This cyber strike disrupted Kewadin Casinos and other tribal services leaving many people uncertain while officials tried to regain control of their systems. In an unexpected twist, the hackers […]
