Industry
November 24, 2021
Deutsche Bank Predicts Casino Sustainability as Pent-up Demand Dries Up
The Deutsche Bank Gaming, Lodging, Leisure & Restaurant Conference in Miami has attracted a healthy bit of interest, CDC Gaming Reports wrote in a recent article noting down the highlights of the event. The publication estimates that the numbers of attendees were up 60% compared to 60%, making it one of the most significant expos […]
Casino
November 24, 2021
Human Trafficking Gang Used Funds to Gamble and Invest in Real Estate
A criminal group have used casinos to launder millions of ill-gotten funds obtained through the exploitation of Central American laborers who were forced to work in inhumane conditions across farms in Florida, Georgia, and Texas, and elsewhere court documents have revealed. According to the documents, the gang was a “modern-day slavery” operation which used the […]
Sports
November 24, 2021
PointsBet Enters Virginia with Colonial Downs Group Partnership
PointsBet has entered Virginia, expanding its footprint and betting platform to another jurisdiction in the US in the process. The company has been awarded a temporary supplier license by the state lottery, which enables it to offer interactive sports betting products in Virginia. Another Successful Launch in the US PointsBet teamed up with Colonial Downs Group to secure market […]
Sports
November 24, 2021
Tipico Becomes Official Sponsor for MLS Team Colorado Rapids
Sportsbooks in the US are tying up as many alliances with sports franchises and leagues as they can muster. The latest comes from Tipico, one of the leading betting agencies which have set foot in the country and is rapidly expanding, now through a partnership with MLS squad the Colorado Rapids. Tipico Turns Colorado in Its Home […]
Casino
November 24, 2021
CDI Offloads Two-Thirds of Florida Property to Blackstone-Owned Company
Churchill Downs Incorporated (CDI) is selling a large piece of its footprint in Florida. The company behind casinos, horserace tracks, and more announced Monday that it reached an agreement with Calder Casino in Miami Gardens, FL, to sell more than 115 acres it holds for $291 million. That’s about two-thirds of the property, and CDI […]
Casino
November 24, 2021
Kids House of Seminole Accountant Allegedly Gambled with Stolen Charity Money
61-year-old Carrie Wagner is an ex-Kids House of Seminole accountant who was arrested after turning herself in for charges of embezzlement last Thursday. The Summa Cum Laude university graduate was taken into the custody of the Seminole County Jail for having plundered the Children’s Advocacy Center’s accounts. A Contrite Accountant Faces 58 Charges Wagner is accused of […]
Legal
November 24, 2021
Slidell Casino Dispute Lands in Court, but No Resolution Yet
Slidell residents concerned by the Camilia Bay Casino in their community and their attorneys appeared in court Tuesday to hear updates on whether or not they would vote for the casino on December ballots. Although time is running out for a decision to be made, the judge set up two additional court dates. These have […]
Industry
November 24, 2021
Sportsbooks Are Seeing Improved Revenue in November
Sportsbooks may have been a little on edge at the beginning of November, but they can definitely relax a little now. One Wall Street analyst shows that there have been “significant increases” in revenue at US sportsbooks this month, thanks to strong results in NFL betting where heavy favorites lost. Upsets Not Upsetting Sportsbooks Barry […]
Legal
November 23, 2021
Sports Betting in Florida Takes a Step Back after a Federal Judge’s Decision
By now, more than half of the US states have legalized and launched some form of sports betting. While those states enjoy the benefits of increased tax revenue and the reduced black market, others are yet to launch the activity. Florida is one of the states where sports betting continues to face difficulties. Florida Puts […]
Business
November 23, 2021
Atlantic City Casinos Post Gross Profit of $310 Million in Q3
The third quarter for the nine casinos in Atlantic City was nothing short of amazing, as the state figures, which were released on Monday, showed that their gross operating profit was more than double than the same period in 2020. As the New Jersey Division of Gaming Enforcement posted, the total profit for July, August […]