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Casino
January 6, 2025
Michigan’s Gaming Sector Generates Over $500M for State in 2024
Michigan’s gaming industry hit a big mark in 2024 raising $501.4 million for the state’s School Aid Fund, which helps K-12 public schools. This number shows how much the industry has grown and how it supports key services across the state. Michigan’s Online Gaming Boom Supports Education and Public Safety Online gaming led the way […]
Business
January 3, 2025
Disappointing Online Betting Results Hamper Caesars’ Q4 Outlook
J.P. Morgan analyst Joseph Greff has adjusted Caesars’ Q4 Las Vegas Strip cash flow estimate to $485 million from $499 million, highlighting several negative factors that hurt revenues. However, this new estimate still marks a strong result considering Q4 2023’s $489 million figure. Greff also adjusted his price target for Caesars’ shares, lowering it from […]
Industry
January 3, 2025
Michigan Gaming Tax Remains Unchanged as Bills Fall Through
Michigan’s Senate Bills 1193 and 1194 have failed to progress in 2024, meaning that the state’s gambling tax framework will remain unchanged, at least for now. The measures in question sought slight tax increases that would have generated extra funds for a variety of causes. SB 1193 Sought to Increase the Taxes Slightly The two […]
Casino
January 3, 2025
MGM Resorts Set to Continue Increasing Fees in 2025
MGM Resorts International is reportedly exploring a series of new revenue-enhancing strategies for 2025. These initiatives will build upon recent measures in the company’s Las Vegas properties, such as resort and parking fee increases. These measures come as the company faces headwinds in its traditional brick-and-mortar casino operations, hopefully giving it additional leeway to adapt […]
Legal
January 3, 2025
Tribes in California Take Legal Action Against Card Rooms
After arguing for years federally recognized Native American Tribes and card rooms in California will soon be able to resolve a major dispute. The prime issue of the Tribes is with the card rooms’ offering of certain table games such as poker and blackjack. The Tribes previously argued that such games cannot be offered by […]
Legal
January 3, 2025
Former Poker Pro Charged with Murder, Mental Illness Suspected
Craig Michael Bergeron, a prominent poker player who has been absent from the scene for five years, has shot a person dead and assaulted another victim. The man has since been arrested and is believed to have been suffering from a mental illness. A Man Died After Allegedly Being Shot by Bergeron On December 23, […]
Business
January 3, 2025
Tekkorp Capital Increases Stake in FansUnite Entertainment
As part of a previously negotiated share purchase agreement, Tekkorp now owns 15.91% of FansUnite’s outstanding shares, solidifying its position in the company. Previously, Tekkorp held 7.61%. Since September 16, 2024, when an agreement was signed for the purchase of additional common shares and warrants, the investor has been growing its influence, and there may […]
Sports
January 3, 2025
Rhode Island Saw $6.3M Sports Betting Revenue in November
Rhode Island has posted its best month to date, generating the highest sports betting revenue on record and managing to beat expectations. In November, Rhode Island saw a massive 43.2% increase in betting revenue from its last best result. Rhode Island Sets Revenue Record in November 2024 The state brought in $6.3 million compared […]
Legal
January 3, 2025
Man Behind Trump Hotel Las Vegas Car Explosion Potentially Identified
The man behind a massive explosion outside the Trump International Hotel in Las Vegas has likely been identified as an active-duty soldier. Investigators believe that the man shot himself before triggering the explosion, which hurt several people. Because of his badly burnt body, however, his identity has yet to be confirmed by a DNA test. […]
Sports
January 3, 2025
Colorado Sports Betting on the Rise in November 2024
Colorado is seeing an increase in its monthly sports wagering results, with the state data-collector, the Department of Revenue, reporting that a total of $647,951,807 worth of wagers was handled in November. This has been the highest recorded month of sports betting handle, with the only exception of December 2023, when the state saw its […]
