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Sports
March 28, 2024
Bookie Tied to Gambling Scandal Counted on Ohtani Link to Boost Business
A recent gambling controversy resulted in the firing of an interpreter for the Los Angeles Dodgers’ Japanese baseball star, Shohei Ohtani. The case, which is being investigated involved Ippei Mizuhara, a longtime friend and interpreter for the baseball star. Allegations against Mizuhara claim he stole at least $4.5 million from Ohtani’s bank account. The money […]
Industry
March 28, 2024
North Carolina Posts $200M in Handle in the First Week of Betting
The recent launch of online sports betting in North Carolina is proving to be a success. Statistics from the Tar Heel State show that almost $200 million has been wagered in the week following the launch. The preliminary online betting figures were disclosed by the North Carolina State Lottery Commission, which said that NC bettors […]
Sports
March 28, 2024
Sports Betting Giants’ Stocks Tumble Amid NCAA Prop Bet Threat
Shares of prominent online sports betting companies DraftKings and Flutter Entertainment took a hit on March 27 as regulatory concerns and proposed NCAA actions rattled investor confidence. NCAA President’s Proposal Sparks Debate on Sports Betting Integrity The market jitters stemmed from multiple fronts. Firstly, NCAA President Charlie Baker ignited fears by suggesting a potential ban […]
Industry
March 28, 2024
US Legal Sports Betting Sector Generates More than $5bn in Taxes
The expansion of sports betting across the United States started back in 2018. At the time, the US Supreme Court ruled the Professional and Amateur Sports Protection Act (PASPA), a law that restricted betting to only a few states, unconstitutional. Since then, for five years, the legalization of betting has been rapidly expanding across the […]
Industry
March 28, 2024
Macquarie Maintains Positive Stance on US Gambling Market
In a recent report, analysts at Macquarie Equity Research have expressed a sense of cautious optimism regarding consumer behavior in the US gambling market. Despite some challenges faced in January, the analysts noted a return to more stable behavior among consumers during February and March. Macquarie Offers Insights from 9th Annual Consumer Bright Ideas Conference […]
Business
March 27, 2024
SSI Becomes a Member of the Oklahoma Indian Gaming Association
Signature Systems (SSI), an award-winning provider of point-of-sale solutions to the casino industry, has joined the Oklahoma Indian Gaming Association (OIGA). Under its membership, the latter company will continue to supply the state’s tribal gaming sector with its PDQ POS product. PDQ POS, which is SSI’s most sought-after product, will empower tribal gaming companies in […]
Sports
March 27, 2024
Largest US Sportsbooks Form ROGA to Fight Off Problem Gambling
The largest online sportsbook operators in the US have created the Responsible Online Gaming Association (ROGA), a group dedicated to the development of responsible gaming practices. The seven iconic brands that will form ROGA are FanDuel, DraftKings, BetMGM, Penn Entertainment, Fanatics Betting & Gaming, Hard Rock Digital and bet365. In a historical move, the companies […]
Poker
March 27, 2024
BetMGM Poker to Host Online Qualifiers for Borgata Spring Poker Open
MGM has selected its BetMGM Poker platform as the exclusive platform for online qualifiers for the Borgata Spring Poker Open tournament. This allows online players to challenge others for a shot at the $4 million event in New Jersey. From April 1, poker enthusiasts will be able to register for the event and join $5 […]
Business
March 27, 2024
Flutter CEO Enjoys Pay Raise after Solid 2023 Results
Earlier this week, the leading gaming and entertainment company recognized across the globe, Flutter Entertainment, posted $11.8 billion in revenue for 2023, signaling a 24.6% year-over-year increase. The company’s finances were impacted positively by its strong performance across the United States, yet Flutter also reported a $1.21 billion net loss. Besides its financial report, the […]
Industry
March 27, 2024
Online Gambling Bill Picks up Speed in Maryland
Unlike sports betting which is available in nearly 40 US states, only several states currently offer legal online gambling activities. Considering such activities are conducted through the internet, many Americans already play slots, live dealer and other iGaming titles online but use the services of operators who hold licenses in jurisdictions outside of the US. […]
