Business
June 27, 2022
Bally Bet to Face a Tough Fight in New York after Delayed Launch
According to industry insiders, sportsbook operator Bally Bet may finally launch in New York within the next week. The Rhode Island-based brand will be the last of the state’s nine regulated sportsbooks to launch and will face an uphill battle to secure a market share. Recent Launch Delays Could Be an Intentional Move by Bally’s […]
Casino
June 22, 2022
Gambling Granny Escapes Prison for Bilking $650K in Benefits
An elderly woman from The Bronx was sentenced to five years in probation for bilking the federal government with over $650,000. She will also have to pay back the money under the plea bargain most of which she had lost at the casino. Second Degree Grand Larceny Carmen Soto, 77, was spared a prison sentence […]
Sports
June 13, 2022
New York State about to Become the Sports Betting Capital of the World
Just five months have passed since the launch of sports betting in the state of New York but the generated revenue has gone through the roof making New York a leader in sports betting. The new gambling opportunities have brought in the whopping amount of $267 million in tax revenue, divided into $263 million from […]
Industry
May 27, 2022
Simplebet Looks Internally, Promotes Mark Nerenberg as COO
Innovative sports betting technology company Simplebet announced a change in personnel, promoting Mark Nerenberg to the role of Chief Operating Officer (COO). Assuming Wider Responsibilities Simplebet is expanding the scope of responsibilities for its Chief Product Officer Nerenberg by promoting him to the role of COO. Nerenberg has been serving as CPO at the tech […]
Casino
May 25, 2022
Resorts World and Empire City Casino Still on Course to Receive Licenses in New York
Full-scale casinos are coming to New York, and the middling protests against this decision are unlikely to sway the state’s intention to give out three full licenses this year. The establishments fortunate enough to receive one will gain the ability to introduce live dealers and host table games such as poker, roulette, and blackjack. The […]
Industry
May 16, 2022
New York to Tackle Scratch-off Ticket Addiction with QR Codes
All addictions can be harmful, and gambling is no exception. As a means to combat that and provide help, New York is implementing a new QR code system on scratch-off tickets for quick connections with trained professionals. Problem gambling gets attention Problem gambling or gambling addiction can be an issue for anyone from any walk […]
Sports
May 13, 2022
BetMGM to Adopt a Cautious Attitude Towards NY Until Taxes Drop
MGM Resorts’ exclusive sports betting partner MGM announced its $1.3 billion net revenue plans for 2022 and projected earnings before interest, tax, depreciation, and amortization loss of $430 million during a recent investor day. Soon after, the company expressed its desire to be more cautious regarding its presence in the New York market until the […]
Sports
April 27, 2022
New York Bettors Use 3 Apps on Average to Shop for Odds
Shopping for betting odds is one of the best strategies you may use as a sports bettor, and apparently, that is precisely what sports fans in New York are doing. According to a new report by gaming customer acquisition company Betting Hero, the average New York State resident is using at least three apps to […]
Casino
April 26, 2022
New York Judge Sentenced to Prison for Assisting in Embezzling Money
Sylvia Ash has been sentenced to 15 months in prison after she helped an ex-CEO with a gambling addiction embezzle around $10 million. The former Brooklyn judge was also issued an $80,000 fine, two years of supervised release, and twenty hours of community service per week while being on supervised release. This comes just days […]
Legal
April 20, 2022
New York: Illegal Gambling, Racketeering Leader Sentenced
A 56-year-ord Staten Island resident that spent more than a decade in federal prison was sentenced once again earlier this week. The man now faces more than 4 years in prison for leading a criminal group, running illegal gambling venues and other criminal offenses. Ex-prisoner Receives a New 4-Year Prison Sentence The Department of Justice, […]
