Lottery
April 8, 2024
Oregon Player Hits Staggering $1.33bn Powerball Jackpot
Months after the Powerball jackpot was last hit at the start of the year, it kept growing, reaching an estimated $1.23 billion. Not unexpectedly, the interest in the popular lottery game skyrocketed just as the jackpot did and the grand prize was finally won after a player from Oregon guessed all winning numbers from the […]
Business
April 8, 2024
Genting Promises $1B in Taxes if Granted a Downstate NY License
As the battle for the three downstate casino licenses in New York continues, Resorts World New York’s owner, Genting Malaysia, has made a huge promise. According to the casino company, its property in the Empire State could create as much as $1 billion in annual taxes, if allowed to launch Vegas-style casino gaming. Resorts World […]
Business
April 8, 2024
B Riley Resumes Coverage for AGS, Confirms Buy Rating
Currently, PlayAGS (AGS) is known as a leading gaming supplier across the globe. The company offers high-performing Class II and Class III slot games, as well as game cabinets and table products. AGS is also renowned for its leading technology, the quality of its games and the engaging experiences they offer. Last week, the leading […]
Casino
April 8, 2024
Workers File Lawsuit to Overturn Atlantic City Casino Smoking Exemption
After years of unsuccessful attempts to persuade lawmakers to ban smoking in Atlantic City casinos, workers have taken a new approach: filing a lawsuit to challenge a law that exempts casinos from indoor smoking bans. The lawsuit argues that the exemption for casinos violates the principle of equal protection under the law and seeks to […]
Industry
April 8, 2024
New York Sports Betting Sees Resurgence with $41.9M in Weekly Revenue
New York’s sports betting scene experienced a remarkable turnaround in the final week of March, with the New York State Gaming Commission reporting a substantial $41.9 million in adjusted gross revenue (AGR) from mobile operators. This figure marked a significant increase from the previous week, as the collective hold surged to 9.2%, up by over […]
Casino
April 8, 2024
Petersburg Casino Legislation Faces Unexpected Setback
Petersburg Governor Glenn Youngkin has sent Senate Bill 628 back to the General Assembly with a recommendation to amend the legislation, indicating that a do-over vote is unnecessary for setting up Petersburg as the fifth casino-host city in Virginia. While this move has raised some concerns, it should not affect the bill’s expected success. The […]
Industry
April 8, 2024
Minnesota Senator Bets of Safety as Online Wagering Discussions Continue
Lawmakers in Minnesota are trying to get mobile sports betting legalized in order to capitalize on the explosive growth of wagering across America. While measures have advanced in both the House and Senate, the future of online betting in the state remains uncertain. As legalization struggles to make strides, Senator John Marty proposed a bill […]
Business
April 8, 2024
B Riley Securities Confirms Neutral Rating for Everi
Recently, Everi announced a groundbreaking transformative merger with International Game Technology (IGT). The strategic business combination, valued at approximately $6.2 billion, is expected to see Everi merge with IGT’s Global Gaming and PlayDigital businesses, creating a new dynamic global gaming and fintech company that is expected to revolutionize the sector. Keeping in might the upcoming […]
Industry
April 5, 2024
Gambling Addiction Hotlines Witness Rise in Calls amid US Betting Surge
The expansion of sports betting has been ongoing for less than a decade and now more than half of the US states offer the popular activity. The statewide expansion of betting granted sports fans and bettors alike options for legal wagering on sports. This resulted in a decrease in the number of people who use […]
Casino
April 5, 2024
Bally’s Prepares to Implode Tropicana by the End of the Year
As the demolition of the Tropicana casino hotel in Las Vegas draws near, Bally’s Corporation is trying to secure the necessary permits for imploding the property. Because of the procedure’s intricacies, the casino operator would need to secure dust control and asbestos abatement permits, among other permits. Traffic would also need to be taken into […]
