Business
February 25, 2022
IGT and Rhode Island Lottery Sign 20-Year Contract Extension
Supplier of lottery and gambling technology International Game Technology (IGT) announced today a new contract extension with the Rhode Island Lottery that would keep IGT as the exclusive supplier of products to the Lottery. Long-Term Partnership to Continue The new comprehensive 20-year contract extension between IGT’s subsidiary IGT Global Solutions Corporation and the Rhode Island […]
Industry
February 25, 2022
Three New Casinos Given the Green Light by Puerto Rico’s Gaming Commission
Puerto Rico’s Gaming Commission has offered three fresh casino licenses to three of the island’s hotels located in the southern area. The licensed casino operations in the three hotel casinos are expected to generate 500 jobs while stimulating the economy of the Caribbean island. Tribute Portfolio, Aloft, and Hampton Inn to Soon Receive Casino Players […]
Industry
February 25, 2022
Efforts for Casino Legalization in Texas Continue, LVS PAC
Las Vegas Sands’ recently established political action committee (PAC) continues to push for the legalization of casino gambling in Texas, a new report reveals. Las Vegas Sands Establishes PAC in Texas Currently, Texas is among the very few remaining US states that don’t allow sports betting. In fact, according to the American Gaming Association, 7 […]
Legal
February 25, 2022
Kentucky Senate Bill Seeks Mobile Gambling Legalization in State
Kentucky lawmakers are once again pushing ahead with a proposed legalization of numerous gambling verticals in the state. The state, which successfully fined the former The Stars Group brand PokerStars, has been trying to open up to various forms of gambling for a while now, citing the potential economic benefits and a piling debt as […]
Business
February 25, 2022
NESN Reportedly Has Plans to Drop Sports Content for Sports Betting Content
Sports betting still isn’t legal in Massachusetts, despite multiple attempts. Some lawmakers and lobbyists have tried for years to find approval; however, resistance has been overwhelming. This isn’t going to stop a regional TV sports network based in the state from dropping a couple of its popular sports shows in favor of sports betting content. […]
Industry
February 25, 2022
New York Sports Betting Hits the Ground Running, but Revenue Elusive
New York has proven itself to be everything Senator Joseph Addabbo expected. He fought for years to bring sports betting to the state, knowing well in advance what it could mean to the state’s piggy bank. His insistence, and that of others, finally paid off. New York has the fastest-growing sports betting market in the […]
Industry
February 25, 2022
Social Equity Concerns Stall Mobile Sports Betting in Maryland
Maryland’s land-based sports betting segment continues to expand at an even pace; however, the expected launch of online operations is taking longer than anyone had anticipated. The Sports Wagering Application Review Commission (SWARC) has been moving at a turtle’s pace with all approvals, but the delays may not be entirely its fault. Apparently, a lack […]
Business
February 25, 2022
PointsBet Issues Financial Health Report, Shows Revenue Improvement
Australia-based sports betting operator wants to have a place on the global stage, and its entrance into the US market is going to help. The company has provided an update to its financial health, reporting its revenue for the first half of its current fiscal year. Despite a few bumps, it’s on track, but will […]
Business
February 24, 2022
CDI Posted Strong Fourth Quarter and Full Year 2021 Growth
Churchill Downs Incorporated (CDI) announced its fourth-quarter and full-year ended December 31, 2021, financial results posting solid growth year-over-year. Key Financial Metrics Casino and horse racing operator CDI posted Q4 2021 net income of $43.3 million, up 153% on $17.1 million registered in Q4 2020. The net income figure was derived from fourth-quarter revenue of […]
Business
February 24, 2022
Hard Rock Online Casino New Jersey App Adds Paysafe Payments
Hard Rock Online Casino New Jersey became the latest mobile sports betting operation to hire the services of payments platform provider Paysafe after a partnership for card processing was announced today. Seamless Card Transactions The Hard Rock Online Casino New Jersey mobile app will benefit from the experience gained over more than 20 years of […]