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Industry
November 14, 2020
NJ: Record Sports Betting Handle for Third Month in a Row
New Jersey sports betting continued to gather speed in October, the latest revenue report from the Division of Gambling Enforcement (DGE) showed, posting the highest amount of wagers on sport nationwide for a third month in a row. Setting the Pace in Sports Betting Figures released Friday by the DGE revealed casinos and the three […]
Casino
November 13, 2020
Caesars Reopens Rio Resort in Las Vegas, Last of 54 Properties
Caesars Entertainment said on Thursday it will reopen the Rio Resort in Las Vegas on December 22, albeit the hotel will only operate on weekends. Last Casino To Reopen Casino operator Caesars Entertainment announced on Thursday the reopening of its off-Strip Rio All-Suite Hotel-Casino in Las Vegas on December 22. The 2,522-room hotel-casino closed on […]
Sports
November 13, 2020
Sportradar’s I&I Launches Intelligence and Due Diligence Services in The US
Sportradar’s I&I launched on November 12 its intelligence and due diligence services in the US, providing customers with insights and risk assessments on future investments. Intelligence For Better Investment Decisions Sportradar’s Intelligence & Investigation Services (I&I) launched on Thursday a suite of due diligence solutions for US customers. Sportradar launched I&I, which operates within the […]
Sports
November 13, 2020
Banks Cautions of Payments as US Sports Betting Expands
Many banks are still cautious with sports betting transactions in the U.S. while the sports betting market continues to expand. By now, half of the U.S. states have legalized sports betting or are currently in the process of legalizing. U.S. Banks Remain Cautious of Payments Related to Sports Betting Although sports betting continues to grow […]
Business
November 12, 2020
Flutter Raises Earnings Guidance, Reports 30% Jump in Q3 Revenues
Flutter Entertainment raised its earnings guidance on Wednesday, as betting customers grow. The group reported a 30% increase in revenue in Q3. EBITDA Up By 2.4% From Previous Forecast Betting giant Flutter Entertainment (FLTR), the owner of Paddy Power, Betfair, and Poker Stars raised its full-year operating profits guidance on Wednesday and reported a 30% […]
Casino
November 9, 2020
Tribal Casinos in Fremont County, WY Temporarily Close Today
Fremont County, Wyoming, temporarily closes tribal gaming facilities today after the Northern Arapaho Business Council revealed restrictions last week. The temporary closure was introduced in light of an increased number of positive COVID-19 cases and will last through November 30. Fremont County, Wyoming Closes Tribal Gaming Facilities Temporarily The Wind River Hotel and Casino and […]
Legal
November 6, 2020
Maryland Sports Betting May Arrive for Summer 2021
Some 66.2% of the residents of Maryland voted for the legalization of sports betting in the state earlier this week. Now the government officials are facing the task to establish a regulatory framework for the new activity. Maryland Residents Approve Sports Betting Expansion with 66.2% of Votes Earlier this week, voters in Maryland residents approved […]
Business
November 5, 2020
Atlantic City: Twin River To Invest $90 Million Into Bally’s Atlantic City
Rhode Island-based casino operator Twin River Holdings, Inc. has committed to investing $90 million to upgrade Bally’s, Atlantic City’s worst-performing casino. Twin River Buys Iconic Bally’s Brand Bally’s Atlantic City was sold to Twin River last April at a discounted rate of $25 million. The opportunity arose as Caesars Entertainment and Eldorado Resorts were reducing […]
Casino
November 4, 2020
Two-Thirds of Voters Approved Rivers Casino Portsmouth
Portsmouth referendum approved the development of a casino in the city as two-thirds of the residents’ votes were in favor of the $300 million project proposal. Rivers Casino Portsmouth, which is planned for Victory Boulevard, is also expected to create 1,300 permanent jobs, on top of the 1,400 temporary construction ones. Approved by a Margin […]
Legal
November 3, 2020
Montanan Judge Dismisses Lottery Rule to Limit Betting to Bars and Taverns
Lewis and Clark County District Judge Kathy Seeley has sided with Montana’s protest group that challenged a Montana Lottery-backed rule that attempted to limit the availability of sports betting. According to the debated rule, businesses that offer sports betting in the jurisdiction must sign up for an alcoholic beverage license in order to continue accepting […]