Casino
August 9, 2021
Chicago Casino Proposal Deadline Moves to October 29 After Ho-Hum Response
Chicago’s city officials move the deadline for submitting a proposal for the planned casino to October 29, looking for more bidders. Chicago Officials Extend Proposal Deadline for a Planned Casino On Friday afternoon, Chicago officials announced the deadline for proposal submission for the planned casino in the city was extended by over nine weeks to […]
Industry
August 9, 2021
Illinois Operators Can Apply for Online-Only Sports Betting Licenses Until December
Three lucky betting operators will be selected for online-only sports betting licenses in Illinois, as the state’s gaming board has opened the application window. Illinois has decided on December 3 as a deadline for all applicants. Three Operators will be Selected for Online-Only Sports Betting Licenses Gambling operators in Illinois who only possess a temporary […]
Esports
August 9, 2021
Resorts World Las Vegas Enters the Esports World as It Partners With DarkZero
Resorts World Las Vegas (RWLV) on the Las Vegas Strip is entering the esports world after partnering with DarkZero, a reputable US esports organization. Thanks to this partnership, Resorts World will host all of the DarkZero leaders, athletes and partners. The Resorts World Logo Will Appear On DarkZero Team Jerseys In a statement released on […]
Legal
August 9, 2021
SEC Investigating DraftKings over SBTech Acquisition
When known short-seller Hindenburg Research blasted DraftKings in June over its acquisition of SBTech, a certain amount of fallout was expected. It doesn’t take long before a few overzealous shareholders went on the offensive and sued the sports betting and fantasy sports giant, but the troubles don’t stop there. DraftKings is now under investigation by […]
Business
August 9, 2021
Sport Betting in Florida Silently Clears a Major Hurdle, but Trouble Remains
In spite of multiple attempts to derail the effort, Florida’s legalized sports betting market is now only inches from the finish line. The federal government’s Bureau of Indian Affairs (BIA) had 45 days to approve the state’s gaming compact with the Seminole Tribe of Florida and has allowed that window to close with no response. […]
Industry
August 6, 2021
DraftKings’ Second Quarter Earnings Posted 297% Growth
Daily fantasy, sports betting and gaming technology operator DraftKings reported today its second-quarter financial results, posting revenue of $298 million for the three months ended June 30, 2021. Nearly 300% Revenue Growth The quarterly revenue reading represents a 320% increase to the $71 million DraftKings generated in the respective quarter of 2020. However, after giving […]
Sports
August 6, 2021
Fixed Odds Wagering on Horse Racing in NJ Signed into Law
Australian gaming technology company BetMakers Technology Group announced today that the awaited legalization of fixed odds wagering on horses in New Jersey is now a reality after the bill was signed into law by Gov. Phil Murphy on August 5. Exclusivity to Manage Fixed Odds The bill that was unanimously approved by the Senate and […]
Legal
August 6, 2021
Transnational Money-Laundering Leader Pleads Guilty
US citizen Xizhi Li participated as a leader in a money-laundering network, pleaded guilty earlier this week. After a massive cross-agency investigation, the Department of Justice found out that the organization laundered millions of dollars. If found guilty, Li may be facing 20 years in prison. Multi-Million Money-Laundering Scheme Uncovered Earlier this week, a US […]
Sports
August 6, 2021
House Lawmakers in Massachusetts Vote in Favor of Legalizing Sports Betting
On Thursday, Massachusetts lawmakers in the House of Representatives voted in favor of legalizing sports betting. The support was overwhelmingly high and, as they pointed out, this is a home run for the state. Representative Jerry Parisella D-Beverly stated that legalizing betting on sports is a big boom for the Commonwealth and an overall boost […]
Business
August 6, 2021
Illinois the Quickest in US History to Reach $5 Billion Sports Betting Handle
Sports betting in Illinois took $476.5 million in June, which is the lowest it’s been since December 2020. However, the state still managed to break the $5-billion mark faster than any other state to date. Sports Betting Handle in Illinois Slumps but Revenue Increases In June, sport wagering in Illinois dropped below $500 million for […]