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Industry
March 5, 2025
Gambling Loss Tax Deduction Bill Advances in North Carolina
A bill, proposing a gambling loss income tax deduction, is making its way in North Carolina. The proposal, which was introduced near the end of January this year, recently received bipartisan support by a House committee. House Bill 14 Receives Bipartisan Support The bill, titled “Gambling Losses Tax Deduction” seeks to enable North Carolina residents […]
Industry
March 5, 2025
Prediction Market Kalshi Ordered to Cease and Desist in Nevada
Kalshi, one of the fastest-growing prediction markets in America, has hit a major roadblock in Nevada where it was ordered to cease and desist. Despite seemingly warming up toward such products, the US has yet to regulate them properly and some markets, regulators, and industry stakeholders remain opposed to them. Kalshi Ordered to Exit Nevada […]
Industry
March 5, 2025
YouTube Enhances Rules on Betting and Casino Content
Newly announced policies by YouTube are going to crack down on gambling and related content, specifically targeting the promotion of “unapproved” gambling websites. While details regarding the new policies emerged Tuesday this week, their implementation is expected to be completed in mid-March. YouTube Overhauls Gambling-Related Policies Since 2018, when the US Supreme Court struck down […]
Business
March 5, 2025
BetMGM Announces Layoffs Amid Growing Market Challenges
BetMGM, a top player in the online gambling world, has said it will cut 83 jobs at its main office in Jersey City, New Jersey. The job cuts will start on May 27, as the company deals with slower growth in sports betting and tougher competition from other betting firms. BetMGM Adjusts Strategy as Sports […]
Industry
March 4, 2025
Bally’s Hits Roadblock in $250M Chicago IPO
Bally’s bid to raise $250 million in an initial public offering (IPO) for its highly anticipated Chicago casino project has hit a significant roadblock. The setback has delayed the company’s inclusive equity commitments and fundraising goals, further complicating an already ambitious $1.7 billion development plan in River West. Chicago Mandated at Least a 25% Minority […]
Casino
March 4, 2025
Small Businesses Speak Out Against Wynn Hudson Yards Casino
The proposed $12 billion casino and resort project by Wynn Resorts and Related Companies at Hudson Yards continues to spark heated debate in New York City. While the developers claim the venue will bring substantial economic opportunities, small business owners remain apprehensive, fearing that the massive casino will impact their livelihoods and dramatically change the […]
Legal
March 4, 2025
Lawyers Push to Keep Evolution Accuser Anonymous, File Appeal
A long-term legal dispute revolving around a 2021 report, accusing the leading gaming company, Evolution, of offering its services in different markets and using deceptive tactics, picked up significant speed. Last week, Evolution moved a step closer in uncovering the identity of the entity or entities behind the damaging report from 2021. Calcagni & Kanefsky […]
Industry
March 4, 2025
NCPG Welcomes Problem Gambling Awareness Month, Promotes Understanding
The National Council on Problem Gambling (NCPG) in the United States has celebrated the beginning of Problem Gambling Awareness Month (PGAM), vowing to seek an enhanced understanding of gambling problems. PGAM Is Underway Once Again PGAM is an annual initiative taking place every March when industry stakeholders, health associations, sports entities and regulators join forces […]
Industry
March 4, 2025
Texas Lottery Scandal Casts Shadow on Betting, Casino Expansion
Texas is one of a handful of states that has limited gambling activities. A legal hurdle that saw the Texas Lottery get into hot water over allowing lottery couriers to operate in the state resulted in further implications that threaten its existence and put significant obstacles in the way of a potential expansion of gambling […]
Sports
March 4, 2025
The Athletics to Offer Priority Access for 2028 LV Season Tickets
The popular Major League Baseball (MLB) team that plans to relocate to Las Vegas, Nevada, the Athletics, formerly known as the Oakland Athletics, announced Monday they will be selling priority access to season tickets. Priority Access to 2028 A’s Las Vegas Season Tickets Costs $19.01 The announcement comes ahead of the team’s first game against […]
