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Casino
January 30, 2024
Atlantic City’s Smoking Ban Is One Step Closer to Reality
The ongoing battle over the future of smoking in Atlantic City’s casinos continues with a major victory for the proponents of the controversial smoking ban. However, the war is yet to be won. The latest development saw an anti-casino smoking measure move forward after three years of intense discussions between pro-smoking and anti-smoking activists. The […]
Industry
January 30, 2024
GRIT Act to Combat Rising Gambling Addiction across the US
Earlier this month, Sen. Richard Blumenthal along with Rep. Andrea Salinas introduced a new proposal called the Gambling Addiction, Recovery, Investment, and Treatment (GRIT) Act, proposing the allocation of additional funds toward treatment and prevention of gambling-related disorders. The proposal is built upon the existing federal excise tax that applies 0.0025% on every sports wager […]
Industry
January 30, 2024
New Bill Proposes Online Gambling Legalization in Maryland
After the countrywide expansion of legal sports betting, legislators in different US states are exploring opportunities to legalize online gambling activities. Also referred to as iGaming activities, online gambling can raise valuable tax revenue while at the same time providing players with a legal way to gamble. While currently there are several states that offer […]
Casino
January 30, 2024
New York Downstate Casino Licensing May Be Delayed Further
The process for awarding three new downstate New York casino licenses may take significantly longer than initially expected. Previously, industry insiders and experts speculated that the bidding process for the licenses may open at some point this month. With the month passing and a range of processes left outstanding, it now looks less likely for […]
Industry
January 30, 2024
Sale in the Cards for Suspended New Hampshire Casino Owner
Andy Sanborn, a former New Hampshire state Senator and owner of Concord Casino, faced accusations of improper use of more than $800,000 in COVID relief funds. Claims of the alleged fraudulent activity of the former senator emerged last year. Sanborn was accused of misusing some $844,000 in Small Business Administration (SBA) loans. The accusations against […]
Lottery
January 29, 2024
Powerball Jackpot Keeps Growing, Gets Closer to $200 Million
The grand prize from Powerball, one of America’s most popular lottery games, continues to grow. The jackpot of the game was able to survive nearly one month without anyone guessing correctly all winning numbers. This allowed the grand prize to grow, getting close to $200 million for the upcoming drawing. The latest Powerball drawing was […]
Business
January 29, 2024
Flutter to Begin Trading on NYSE amid Plans for Primary US Listing
The leading gaming and entertainment company, Flutter Entertainment, announced that its ordinary shares on the New York Stock Exchange (NYSE) will begin trading at 9:30 ET today. Ahead of the planned NYSE listing, last week, the company revealed its plans to exit the Dublin Stock Exchange. The exit coincides with the listing on NYSE with […]
Business
January 29, 2024
Gaming and Hospitality Vet Wooden to Lead Fontainebleau Las Vegas
Fontainebleau Las Vegas, the 67-story, vertically integrated five-star luxury resort and casino deeply rooted in the seven-decade history of the popular Fontainebleau brand, will be led by Maurice Wooden, according to a fresh decision announced by the company. Wooden, “Dedicated to Evolving the Luxury Hospitality Experience” on the Strip According to Fontainebleau Development’s chairman and […]
Casino
January 29, 2024
Debate for Fairfax County Casino Proposal Intensifies
A recent bill is making its way through the House in Virginia, calling for the development of a casino complex in Fairfax County. The proposal is sponsored by State Sen. Dave Marsden and asks for residents of the county to vote on a referendum, which if approved, will permit the development of a casino in […]
Business
January 29, 2024
BetMGM Reportedly Explores a Potential Partnership with X
X, the social platform formerly known as Twitter which is now owned by Elon Musk, the globally recognizable entrepreneur, investor and businessman behind SpaceX and Tesla, is reportedly in talks with the leading sports betting and iGaming company, BetMGM. Last week, a report released by Fortune suggested that the betting and online gambling operator is […]
