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Business
October 3, 2024
Despite Headwinds for MGM, Analyst Sees Long-Term Growth Potential
MGM Resorts’ shares marked a more than 10% decrease year-to-date as of the market close on Wednesday. Despite the decrease and other short-term challenges an expert is optimistic about the company’s long-term growth prospects. MGM Faces Short-Term Challenges Carlo Santarelli, an analyst with Deutsche Bank, who was recently quoted by Casino.org, spoke about the company’s […]
Lottery
October 3, 2024
LA Judge Dismisses $2bn Claim Against Powerball Winner Edwin Castro
A Los Angeles Superior Court judge has dismissed the lawsuit against Edwin Castro, the man who won the $2.04 billion Powerball, the largest lottery prize in history, in a case that has stirred a lot of controversy in the media. The lawsuit, originally filed in February 2023 by landscape gardener Jose Rivera, claimed that Rivera […]
Casino
October 3, 2024
Caeasars Launches Horseshoe Online Casino, Exit WynnBET
Caesars is happy to be introducing the Horseshoe Online Casino, which is essentially allowing the company to run two iGaming operations focused on games of chance in the Great Lakes States. WynnBET Bows Out to Make Room for Horseshoe Online Casino Securing the skin from WynnBET earlier this year in February and finalizing the deal […]
Sports
October 3, 2024
Californian Tribes Want Sports Betting to Become Reality in 2026 or 2028
During CNIGA’s last meeting, tribal leaders came together and decided that they were going to push to place a sports betting measure on either the 2026 or 2028 ballot, hoping to pave the way for sports gambling in California before long. CNIGA Determined to Push Forward with Sports Gambling A previous measure, which was supposed […]
Sports
October 3, 2024
Ohio Sets Monthly Revenue Record in August with $204.1M Raked In
Ohio’s 11 casinos and racinos have managed to bring in as much as $204.1 million, outpacing expectations and setting a new record, the Ohio Casino Control and Lottery Commission reported. Revenue Sets New Record in Ohio for August Factoring in the latest revenue rake, licensed operators in the Buckeye State have brought in $1.6 billion […]
Industry
October 3, 2024
US Appeals Court Greenlights Kalshi to Relaunch Election Betting
About a year has passed since the legal battle between Kalshi, the New York-headquartered regulated exchange and prediction market, and the Commodity Futures Trading Commission (CFTC). In a surprise turn of events, an appeal filed by the latter with the Court of Appeals for the District of Columbia Circuit sided with the former on Wednesday […]
Legal
October 3, 2024
BetMGM Faces Increased Scrutiny in Massachusetts Over Banned College Bets
BetMGM is under more scrutiny in Massachusetts after an audit showed more rule-breaking about banned sports bets. Massachusetts Probes BetMGM Over $200,000 in Prohibited NCAA Football Prop Bets The problems first reported earlier this year, are about over 15,000 prop bets on how NCAA football players did during the 2023 season. These bets’ handle reached […]
Business
October 3, 2024
BetParx Teams up with Pavillion Payments for Real-Time Transactions
Announced on Tuesday, the partnership will integrate Pavillion Payments’ cutting-edge real-time payment solutions into BetParx’s platforms. Pavillion Payments Brings Real-Time Payment to BetParx Pavillion Payments supports RTP and FedNow networks, providing customers with a streamlined experience that facilitates payouts and deposits without a moment’s delay. BetParx has been working to strengthen the quality of its […]
Sports
October 3, 2024
Brooklyn Man Pleads Guilty in Sports Betting Scheme Involving Jontay Porter
A man from Brooklyn has pleaded guilty in a sports betting scandal that had an impact on former NBA player Jontay Porter resulting in Porter’s permanent exclusion from the league earlier this year. Long Phi Pham Confesses to Wire Fraud Long Phi Pham also called Bruce Pham confessed in federal court to plotting to commit […]
Legal
October 2, 2024
Analysts Say Dragon Train Creator Quit Light & Wonder as Aristocrat’s Lawsuit Raged On
Emma Charles, the lead developer of the controversial Dragon Train game is no longer working for Light & Wonder, according to full-service investment banking and corporate banking specialist Truist Securities. As reported by NEXT.io, Truist said also that gambling provider might be consider replacing the game with another one following the recent preliminary injunction. Charles […]
