Legal
August 19, 2024
Lawsuit Targets Lottery.com, Alleges Fraudulent Misrepresentation
Over the last few years, Lottery.com has been involved in a number of scandals, some of which resulted in legal action. Now, the company is once again in hot water over accusations of fraudulent misrepresentation described in a lawsuit filed by a supply chain business in Florida. Sharon A. McTurk, Astra Supply Chain’s president is […]
Industry
August 19, 2024
Man Tied to Gold Bar Scam Suffered from Gambling Addiction
A man, suspected of being involved in a massive scam that operated across multiple states is facing legal trouble in Maryland. The criminal case involves a 52-year-old man from Owings Mills identified with the initials, V.T. Per prosecutors, he is among a group of couriers that participated in the multi-state scheme that defrauded seniors out […]
Sports
August 19, 2024
Betfred Hints at US Exit and Additional Downsizing
UK-based gambling operator Betfred has had a busy July. After reporting a pre-tax loss of £71.7 million ($91.7 million) for the year ending October 1, 2023, which marked a significant drop from the previous year’s profit and being slapped with fines over several anti-money laundering and social responsibility failures, the operator stopped its sports betting offerings […]
Industry
August 19, 2024
Dolton’s Mayor Henyard Faces Backlash over Alleged Misuse of Taxpayer Money
The mayor of a small town in Illinois is in hot water amid allegations of lavish spending of taxpayer money. The peculiar case involves Tiffany Henyard, the Mayor of Dolton, who fell under scrutiny after reportedly failing to provide financial reports. The accusations against the Mayor resulted in the halt of payments from the Illinois […]
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 […]
