Sports
August 19, 2024
Oklahoma Tribal Gaming Leaders Hope to Bring Sports Betting to the State
To try and change the state’s fortunes, 2,000 tribal leaders met with representatives of sports betting and gambling companies in Oklahoma City recently to discuss the potential legalization of sports gambling. The meeting mostly focused on acknowledging the realities on the ground – without regulated gambling, illegal gambling will continue to take precedence, and people […]
Casino
August 19, 2024
Californian Tribal Gaming Operations May Soon Be Able to Sue Cardrooms
A new bill has made it to the assembly floor after SB 549 was approved with a 14-0 vote in the Assembly Appropriation Committee. The Tribal Nations Access to Justice Act will essentially allow Californian tribes to sue cardrooms over their offer of blackjack and poker games, which are supposedly the exclusive rights of the […]
Business
August 19, 2024
Analyst Claims Penn Entertainment Is Undervalued
However, Penn Entertainment has been rallying over the past 90 days, inching up 20.7% and Barry Jonas, a Truist Securities analyst, believes that there is more than meets the eye in the company. Penn is also a potential acquisition target for Flutter Entertainment, although the company seems reluctant to sell. Penn’s Unrecognized Value May Play […]
Casino
August 19, 2024
Trump and Harris Zero Tax on Tips for Casino Workers May Be Red Herring
Both Trump and Harris have promised casino workers that they would pass legislation that exempts tips from taxes, effectively boosting their cash-on-hand in real terms. Yet, none of the two candidates has told workers how hard passing such legislation would be, verging on the impossible. Trump and Harris Think Good Politics, Not Good Policy Eliminating […]
Industry
August 19, 2024
NBA Awards Voters Prohibited from Placing Bets on the Event
Integrity has been a byword for NBA Commissioner Adam Silver’s stint at the helm of the organization. Having presided over the association’s expansion into the sports betting space, Silver has also vowed to decouple the organization from attendant corruption surrounding the betting vertical. League Rules Now Strictly Prohibited Betting on NBA Awards To ensure that […]
Lottery
August 16, 2024
North Carolina Lottery Player Turns $50 into $1 Million
Lottery games grant a unique chance for fortunate players to collect life-changing winnings in exchange for a small sum. In one such case, a man from Lincolnton, North Carolina, was able to turn a $50 ticket into a mouth-watering $1 million prize. The North Carolina Education Lottery released details regarding the fortunate player who purchased […]
Esports
August 16, 2024
Social Media Ads Make Skin Gambling Skyrocket
According to a Barron investigation completed with the help of web traffic analytics firm Similarweb, in the past three years, a whopping number of 27 overseas gambling platforms have spent around $28 million on Google Search ads alone to attract 56 million visitors in total. The problem is most of these operators that recruited customers […]
Legal
August 16, 2024
Former Hollywood Mogul Tries to Wipe out $3M Debt to Mohegan Sun
A former Hollywood executive, who allegedly owes more than $2.7 million in unpaid markers to the Mohegan Sun Casino in Montville, Connecticut, is reportedly trying to get out of his gambling debt. The case involves Ron Meyer, the co-founder of Creative Arts Agency and Universal Studios chief operating officer between 1995 and 2013. Despite half […]
Sports
August 16, 2024
Study Uncovers Trend of US Bettors Prioritizing Wagering over Stocks
Since 2018, when the expansion of sports betting across the United States started, millions of Americans gained access to legal forms of the activity. This paved the way for sponsorships between sportsbooks and sports teams, and ways for states to generate revenue for educational programs. At the same time, while betting was often available through […]
Industry
August 16, 2024
AGA Hails 14th Consecutive Quarter of Growth with Gaming Revenue Hitting $17.63B
In the quarterly update of its Commercial Gaming Revenue Tracker, the American Gaming Association (AGA) noted that the industry has continued to grow well into the second quarter of 2024, registering gains across all tracked performance markers, namely total gross gaming revenue, traditional casino gross gaming revenue, sports betting gross gaming revenue, and iGaming gross […]
