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Business
June 10, 2021
SEC Chair Warns Markets Change in Trading Rules Is Coming
Equity trading in the US is likely to undergo a major overhaul after a regulatory call for a broad review of stock trading rules is questioning legal mandates related to brokers, an article in Bloomberg speculates. Payments for Order Flow Staff at US Securities and Exchange Commission (SEC) was tasked to examine brokers’ requirements for […]
Business
June 10, 2021
BetMGM Named Official Gaming Partner of Professional Fighters League
BetMGM has been named as the “Authorized Gaming Operator” of the Professional Fighters League (PFL). The partnership will give MGM Resorts International and joint venture partner Entain access to PFL promotions, VIP events, and the use of the PFL logos and marks. Officially commencing from June 10, BetMGM customers will have the opportunity to wager on […]
Industry
June 10, 2021
April Gaming Revenues Climb to Record Highs According to AGA
According to the American Gaming Association (AGA), the US casino industry is well and truly back in business. The AGA has released the latest commercial revenue figures for April, with the figures showing more than a 25% year-on-year increase. Figures for April showed that sports betting boosted commercial gaming revenue in April to pre-pandemic levels. Revenue […]
Industry
June 10, 2021
Kieckhefer’s Esports Bill Passes in Nevada with Some Major Changes
Nevada State Bill 165 envisioned the establishment of an Esports Regulatory Commission. It was proposed by state Senator Ben Kieckhefer who believes that creating an esports regulatory body will help with establishing a healthy gambling ecosystem and boost the industry’s growth. However, the idea was scrapped, and the bill received some important tweaks before finally getting signed by Governor Steve Sisolak. The […]
Blockchain
June 10, 2021
DraftKings’ CEO Says Regulation Only Deterrent to Crypto Adoption
Cryptocurrencies are a viable payment option for DraftKings, argues chief executive Jason Robins, but lack of regulatory clarity prevents their adoption. DraftKings CEO Talks Crypto Implementation DraftKings has long been looking to implement cryptocurrencies as a viable payment method, company chief executive Jason Robins said, but the lack of regulatory clarity has been a deterrent against their mass […]
Sports
June 10, 2021
Pro Sports Leagues Continue Focus on Integrity as Sports Gambling Takes Hold
When the Professional and Amateur Sports Protection Act of 1992 (PASPA) was approved by US lawmakers, all major US sports leagues supported the measure. They argued at the time that legalized sports gambling would only lead to greater integrity issues, a fallacy of mindset that is void of logic. In 2018, when the Supreme Court […]
Sports
June 10, 2021
MLB Has a Sticky Matter on Its Hands that Could Divide the Sports Gambling Space
For as long as there has been baseball, there have been pitchers who wanted to find a way to make their sliders slide more and their fastballs fly faster. They have used spit, mud, pine tar, lubricants and other substances to try to give themselves an edge, despite the fact that MLB has strict rules […]
Sports
June 10, 2021
Iowa Casinos Now Able to Take Bets on Overseas Horse and Dog Races
There was a time that even playing pinball in Iowa was considered illegal under certain circumstances, but the state has come a long way since then. It was the 11th state to introduce legal sports gambling after the Supreme Court killed PASPA in 2018 and it continues to fine-tune its market. Response to the launch […]
Sports
June 10, 2021
Bally’s Hopes to Increase Fan Engagement in Combat Sports through New Partnership
Bally’s Corp. wants to make combat sports as popular as the NFL and NBA. Boxing, mixed martial arts (MMA) and other sports in the segment have a strong following, but the gaming operator wants to raise the bar. In order to achieve its goal, the company announced yesterday a new partnership with a seasoned boxing […]
Legal
June 10, 2021
CA Nun Embezzles $835,000 for Gambling, Faces 40 Years in Jail
Following an investigation by the FBI, IRS, and Torrance Police Department, charges were filed against a now-retired nun that used to be a principal of St. James Catholic School in California. Statement by the U.S. Attorney’s Office released on Tuesday reveals that Mary Margaret Kreuper will plead guilty for embezzling more than $835,000 in school […]