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Business
April 11, 2025
Analysts Remain Bullish on Gambling Sector Resilience Despite Global Uncertainty
Despite the recent market tremors following President Trump’s dramatic tariff announcements, gambling industry experts remain broadly optimistic about the sector’s strength, citing historical recession resilience, consumer spending habits, and robust fundamentals as core strengths that should insulate operators from an economic fallout. Gambling Has Proven Historically Resilient While gaming stocks did not escape the downdraft […]
Industry
April 11, 2025
Online Casino Legalization Fails in Two US States
With legal online gambling restricted to several US states, lawmakers across the country tried to increase the number of states that permit iGaming. Such effort was led in both Maine and Arkansas, but sadly, none of the proposals in the two states made through this legislative session. iGaming Expansion Across the Country Hits a Snag […]
Industry
April 11, 2025
Study: iGaming Legislation Is Insufficient to Keep Unlicensed Operators Out
Gaming consultancy Yield Sec has compiled a new report on online gambling in the USA. Among other things, the study suggested that most of the gambling is being done with unlicensed operators and that the legal market is insufficient to stop unlicensed gaming from taking place. The Study Highlighted the Prevalence of Unlicensed Gaming The […]
Business
April 11, 2025
Mohegan Takes New Refinancing Step, Issues $1.2BN Secured Notes
The owner, developer, and manager of premier entertainment resorts in the U.S. and Canada, Mohegan Tribal Gaming Authority, has taken a major step toward a more complex financial restructuring plan by issuing $1.2 billion in new secured notes. New Refinancing Efforts This move marks the beginning of a series of refinancing efforts that will include […]
Business
April 11, 2025
Publishers Clearing House Goes Bankrupt, Starts Digital Shift
Publishers Clearing House (PCH), the well-known sweepstakes company famous for its TV prize giveaways and big checks, has filed for Chapter 11 bankruptcy to change its business strategy. The Jericho, New York-based firm plans to move away from its old reliance on direct mail and catalog marketing to focus on digital ads and entertainment instead. […]
Legal
April 11, 2025
Aristocrat Pressures Light & Wonder over Evidence Access
The legal battle between Aristocrat Technologies and Light & Wonder over the Dragon Train slot game series has gotten worse, with new US court filings showing growing friction about sharing evidence and discovery rules. Tensions Rise as Aristocrat Targets Ex-Staffer in IP Battle with Light & Wonder Papers filed on April 8 show Aristocrat slamming […]
Industry
April 11, 2025
Saks Fifth Avenue Abandons Casino Project in Midtown NYC
A total of 11 companies showed interest in securing one of the three lucrative New York downstate casino licenses. Now, the number of likely bidders has gone down, as reportedly one company decided to drop from the process and no longer pursues securing a license. Midtown Casino License Bidder Drops from Race Saks Global, the […]
Industry
April 10, 2025
Portnoy Banked on Trump for a Stock Market Win
David Portnoy, the founder of Barstool Sports, is relieved that President Trump delivered the financial “victory” that the sports betting businessman was hoping for. Portnoy Says Trump Is Playing a “Hight-Stakes Game” David Portnoy has been an avid supporter of President Donald Trump, whose recent introduction of new tariffs has sent shockwaves across businesses in […]
Industry
April 10, 2025
Nevada Bill Seeking to Seize Illegal Gambling Proceeds Passes Senate
Lawmakers in Nevada have advanced a new bill that would reinforce the state’s regulations against unlicensed gambling. Per the proposed measure, authorities will be able to request illegal operators to relinquish their profits to the state. Nevada Seeks to Make Illegal Gambling Unsustainable Senate Bill 256, which was sponsored by Senator Rochelle Nguyen, proposes a […]
Industry
April 10, 2025
Nevada Considers Limiting Under-21 Cigarette Sales to Casinos
Nevada lawmakers are considering a bold move to restrict cigarette smoking among young adults. However, the newest proposed legislation has an added twist that has been raising eyebrows. Casinos would be exempted from this measure, indirectly incentivizing young people to visit such establishments. Such a measure could potentially lead to rising gambling harm rates and […]
