Business
August 6, 2021
DraftKings Could be Coming to the Chicago Cubs and Wrigley Field
A visit to the iconic Wrigley Field in Chicago, IL, could be very different in the future. The field is home to the Chicago Cubs, who teamed up with DraftKings last year, and the idea since then has been to have a massive sportsbook at the stadium. That dream moved closer to reality this week […]
Business
August 6, 2021
Peer-to-Peer Sports Betting Platform ZenSports Moves into Nevada
First, there were straight bets on sports – moneylines, spreads, etc. Then came parlay bets, adding some new excitement to the market. As sports betting continues to evolve, increased exposure to peer-to-peer betting platforms is being found, an indication of the continued evolution of the industry. ZenSports isn’t the only one getting involved, but it […]
Business
August 6, 2021
MGM Resorts to Trim Back Its Corporate Structure, Possibly Explore More Online Ops
For those who missed the memo, the US gambling industry is about to embark on a journey into the unknown. There was a time, in the not-so-distant past, that just the mention of “online gaming” caused land-based casino executives’ hearts to skip a beat. Not anymore, though, and changes are coming. MGM Resorts International isn’t […]
Business
August 5, 2021
DraftKings and Genius Sports Sign New Supplier Agreement
Leading sports betting and gaming operator DraftKings signed a new supplier agreement with sports betting data and content provider Genius Sports to take advantage of its full range of official data and fan engagement solutions, including the complete suite of products related to the NFL. Immersive Customer Experience The agreement signifying the importance of official […]
Sports
August 5, 2021
PointsBet Names Notah Begay III Global Golf Ambassador
Under a new long-term agreement, Notah Begay III became the global golf ambassador for PointsBet. While the company plans to solidify its presence on the golf scene, it has also entered into collaboration with the NB3 Foundation. Notah Begay III Becomes PointsBet Global Golf Ambassador Premier global online gaming operator, PointsBet announced on Wednesday that […]
Business
August 5, 2021
Federal Judge Revives Steve Wynn-tied Lawsuit Against Wynn Resorts
A Nevada federal judge revived a securities fraud lawsuit in which executives at Wynn Resorts were well aware of some reports concerning misconduct and sexual harassment against Steve Wynn, the casino operator’s founder and former CEO. According to the allegations, even though the executives knew about these events, they chose to disregard them. Andrew Gordon, […]
Industry
August 5, 2021
Sporttrade Gains Colorado Market Access via Momentum Sports Acquisition
By acquiring Momentum Sports, Sporttrade gained market access to Colorado. The company plans to launch its unique sports betting exchange services in the first half of next year. Sporttrade Acquires Momentum Sports, Prepares for Colorado Entry Sports betting company Sporttrade announced Wednesday that it acquired Momentum Sports and Entertainment. Momentum Sports is a Denver and […]
Casino
August 5, 2021
Bally’s, Ocean Casino Resort Have Big Plans to Boost Atlantic City Tourism
Bally’s Atlantic City (AC) and Ocean Casino Resort view the sandy beaches around their properties as untapped resources. The two casinos have reportedly submitted requests for the redevelopment of beach areas that would ultimately lead to more options for tourists and draw more attention to the properties. Local city representatives are reportedly behind the initiatives, […]
Casino
August 5, 2021
Imperial Pacific Asks for Five More Years to Complete Imperial Palace
The baffling case surrounding Imperial Palace International (IPI) and its escapades in Saipan doesn’t appear to be reaching the final chapter of the story anytime soon. Allegations of fraud, deceit, lack of funds, slave labor, missed construction deadlines and more haven’t been enough to force casino regulators or anyone else to take action. Now, acting […]
Business
August 4, 2021
VICI Properties to Acquire MGM Growth Properties for $17.2B
Portfolio enhancement and diversification at VICI Properties continue as the real estate investment trust (REIT) announced it would acquire MGM Growth Properties. Payment Consideration VICI Properties, MGM Growth Properties (MGP), and MGP’s controlling shareholder, MGM Resorts International, signed a definitive agreement for the acquisition of MGP by VICI for total consideration of $17.2 billion, inclusive […]