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Gambling News - 'Usa'
Industry
March 12, 2024
Expert Says North Carolina Online Betting May Boost Gambling Crime
The launch of online sports betting in North Carolina has been hailed by the industry as proponents of gambling have pointed out that the vertical would bring millions of dollars in tax revenue to the state. However, experts are concerned about the industry’s potential negative impact. As reported by WCCB Charlotte, gambling experts say that […]
Business
March 12, 2024
Ainsworth Shareholder Accuses CEO of Devaluating the Company’s Shares
Ainsworth Game Technology’s leadership has been accused of talking down the value of the stock, the Australian Financial Review reported. Shareholders believe that this devaluation, which comes amid the company’s strategic review, might be related to the rumored takeover by Novomatic. For reference, Macquarie was hired to conduct Ainsworth’s strategic review in 2023. The news […]
Industry
March 12, 2024
Wynn Resorts CEO Joins Online Gambling Expansion Debate
Over the last decade, online gambling has been expanding across the globe. In the last five years alone, pushed by the pandemic in early 2020, iGaming activities surged in a number of markets. The temporary closures of brick-and-mortar casinos led many gamblers to the online space. And while some returned, others chose the comfort of […]
Business
March 12, 2024
Standard General Makes Offer to Acquire Bally’s Corporation
Standard General, a New York-based hedge fund, has proposed to acquire the remaining shares of Bally’s Corporation, a renowned casino operator, at a price of $15 per share. This proposition represents a substantial increase of 41% over Bally’s closing share price on March 8, 2024. Standard General’s Ambitious Bid for Bally’s Spurs Investor Optimism Standard […]
Industry
March 11, 2024
Tennessee Sees 13.4% YoY Increase in Sports Betting Handle despite Monthly Decline
Tennessee’s sports betting landscape witnessed a substantial 13.4% year-over-year surge in the handle, reaching $378.2 million in February. While this marks the third consecutive month of decline in the state, the gross handle for February was still 15.6% higher than the same month last year. However, it fell short by 18.8% compared to the $465.8 […]
Business
March 11, 2024
IGT Announces a Triumphant Return to Nevada
In a strategic move that signals the return of International Game Technology (IGT) to its roots, the company announced it would spin off its land-based and digital businesses, merging them with Everi Holdings. The $6.2 billion deal, expected to be finalized by late 2024 or early 2025, involves the creation of a new entity retaining […]
Industry
March 11, 2024
Suspect Arrested for Stealing Copper, Tools from Las Vegas Strip Resort
Despite the efforts of casino operators to ensure the safety of the visitors, incidents such as robberies do happen. While some crimes involve guns and manpower, others focus on fraud and deceiving practices such as cheating orchestrated by groups of individuals. Yet it is quite uncommon to hear stories about thefts related to copper piping […]
Business
March 11, 2024
NY State Players Spend $1.77bn on Online Sports Bets in February
Last month, New York announced record-breaking online sports betting revenue for January 2024, continuing its uninterrupted online sports betting revenue records one month after the next. Licensed sportsbooks reached a total sports betting gross gaming revenue of $211.5 million, as officially reported. The February 2024 numbers are in and this is what they look like. […]
Legal
March 11, 2024
Legal Dispute over Online Sports Betting in Florida Continues
In 2021, the Seminole Tribe and Florida entered into a gaming compact that paved the way for statewide legal mobile sports betting. Lawmakers in the state, including Gov. Ron DeSantis, played an important role in the legislative process that ultimately awarded the Tribe with exclusivity over online and retail sports wagering. Despite the contract receiving […]
Industry
March 11, 2024
Pennsylvania Could Ban Credit Cards for Online Gaming
On March 8, Pennsylvania Senator Wayne Fontana representing D-Allegheny County announced his intention to introduce a bill that would forbid the use of credit cards for online gambling and sports betting. The prohibition that is soon to be expressed in his upcoming bill would also include the state’s iLottery. Gambling and Credit Card Debt Often […]