Business
August 23, 2024
Goldman Sachs Divests Major Stake in Kindred Group
The globally recognizable gaming group, Kindred Group, confirmed details regarding a major shareholding move. On Thursday, the company revealed it was notified that one of its shareholders, The Goldman Sachs Group, divested a large portion of its stake. This isn’t the sole shareholding move confirmed by Kindred recently. Earlier this year, the company revealed major […]
Business
August 22, 2024
Better Collective Announces $31M Price Drop for Playmaker HQ
Last July, the leading digital sports media group with top sports media brands and esports coverage Better Collective announced it finished the acquisition of South Florida-based sports and entertainment media platform Playmaker HQ as a means of boosting its social media and sports content. Now, the Denmark-based company founded in 2004 has issued its second […]
Legal
August 22, 2024
Lawsuit Alleging That DraftKings Misled Customers Proceeds
American betting giant DraftKings has failed to dismiss a class action lawsuit by the Public Health Advocacy Institute. According to a report by Next.io, the class action will now proceed, adding to the operator’s ongoing legal woes. The class action stems from PHAI’s claim that DraftKings offered misleading sign-up bonuses that didn’t properly convey all […]
Legal
August 22, 2024
Pennsylvania Fines Evolution, Bans Three Adults from Casinos
The Pennsylvania Gaming Control Board (PGCB) has fined a gambling company for allowing an unauthorized person to enter its live dealer casino in Philadelphia. In addition to that, the authority banned three adults from casinos in the state for leaving minors unattended while gambling. The Board Issued a $7,500 Fine Against Evolution The PGCB approved […]
Industry
August 22, 2024
BetMGM Revolutionizes Betting with Single Digital Wallet in Nevada
BetMGM, a joint venture of Entain and MGM Resorts, has unleashed a revolutionary solution that provides Nevada bettors with seamless, nationwide connectivity through a single, digital wallet. The solution which has been several years in the making, will set a new industry standard, Entain believes. The Feature Revolutionizes Digital Betting Underpinned by MGM Resorts’ operational […]
Poker
August 22, 2024
ACR Poker Launches Week-Long $5M GTD Supersized Poker Tourney
August is a hot month for ACR Poker fans, and it’s not just the temperatures. Big poker action is constantly underway with the iconic $8 Million Mystery Bounty and $2 Million PLO Venom tournaments and the latest Supersized Tourney Week recently introduced by the iconic poker room online. Week-Long $5 Million GTD Tourney The tourney […]
Casino
August 22, 2024
Hollywood Casino to Slash Its Slot Count Amid Competition from Skill Games
Having secured approval from the Pennsylvania Gaming Control Board (PGCB), Penn Entertainment will modify its Hollywood Casino gaming area at Penn National Race Course. The company is set to slash its number of slots, citing intense competition from the skill-based sector as the reason. The Property Will Remove 169 Machines Hollywood Casino, for context, is […]
Industry
August 22, 2024
Woman Steals $1.5M Worth of Chicken Wings, Goes to Prison
Problem gambling can often push people into different crimes. From theft, fraud or forgery, some gamblers may even resort to violent crimes in order to obtain funds to fuel their unhealthy habit. In one recent criminal case, a 68-year-old woman was sentenced to nearly 10 years in prison over stealing food products with a value […]
Poker
August 22, 2024
DraftKings Casino Adds Online Poker Option in Michigan
DraftKings Casino players will be able to join Electric Poker for a brand-new experience that will focus on true poker gameplay. This is not a video poker game, even though it’s tucked under the casino lobby. DraftKings Casino Grows to Offer Poker Rather, players who have DraftKings Casino accounts will be allowed to join the […]
Business
August 22, 2024
Analyst Sees Potential for Penn’s Interactive Segment Growth
Earlier this month, Penn Entertainment, the leading land-based and online sports betting operator, released its second quarter results. At the time, the company pointed to strong revenue of $1.66 billion for the three months ended June 30, 2024. The result marked a slight dip compared to the $1.67 billion figure posted for the corresponding period […]
