Business
February 24, 2023
Bally’s Enjoys Exceptional Results in 2022 and Growth for Q4
Details emerged as a part of a trading update released on Thursday which saw the company report fourth quarter revenue of $576.7 million. This result, when compared to the Q4 2021 result of $547.7 million, marked a strong increase of more than 5%. Adjusted EBITDA for the three months ended December 31, 2022, hit $145.8 […]
Industry
February 24, 2023
BetMGM Partner Entain Receives License in Nevada
Entain, a London-based company, is MGM Resorts International’s partner in BetMGM, holding a 50% stake in the sports betting operator. Entain Executives Were Questioned about Social Responsibility and AML Failures The Las Vegas Review-Journal reported that during the meeting on February 23, Nevada commissioners asked about Entain’s $20.4 million fine from the UK’s Gambling Commission […]
Casino
February 24, 2023
SWAT Uses Closed Majestic Star Casino Hotel for Training Ground
The Majestic Star Casino Hotel was owned by Hard Rock International before it was shut down a few years ago. Then, the location was sold to a company that is focused on developing and enhancing property for trucks, trailers, buses and other large vehicles called Transport Properties. The company was planning to demolish the Majestic […]
Sports
February 24, 2023
PointsBet Decides against Launching Dedicated App in Massachusetts
The company is reportedly not ready to launch by the previously set date of March 10 which means that it will not be launching at all. MGC executive director Karen Wells said that the company is effectively withdrawing from Massachusetts because of missing that date. PointsBet Bows Out of Massachusetts Online Betting Race This means […]
Industry
February 24, 2023
MGC: MGM Springfield Accepts $1,200 in “Illegal Bets” on College Games
According to a meeting held on Thursday by the Massachusetts Gaming Commission (MGC), MGM Springfield had indeed accepted wagers incorrectly on two specific college games. The mistake happened after the property listed the university involved as an “out-of-state institution” which tricked its own systems and led to $1,200 in wagers placed on the outcome of […]
Industry
February 23, 2023
Elys to Operate Sportsbook at The Ugly Mug Venue in DC
Interactive gaming and sports betting technology supplier Elys Game Technology announced it has reached an agreement with The Ugly Mug restaurant and bar in Washington, DC, to operate a sportsbook at the venue. Expanding Footprint in DC The agreement with Partnersat7238thstse, LLC for The Ugly Mug restaurant and bar sportsbook will make the venue the […]
Business
February 23, 2023
CDI Reports Revenue Growth of 13% To Record $1.81B in 2022
Overall, the net revenue reported by Churchill Downs Incorporated (CDI) for the year ended December 31, 2022, hit $1.81 billion, a new record for the company. This result, when compared to the $1.6 billion figure reported in 2021, marked an increase of 13%. Not unexpectedly, the net income reported by CDI in 2022 increased as […]
Sports
February 23, 2023
Kentucky Will Attempt to Legalize Sports Betting in 2023
This is the message that Rep. Michael Meredith wants to send to lawmakers and consumers after he filed a bill on Wednesday that would allow the state’s race tracks to host sports betting facilities and make gambling on sports outcomes legal before the session ends on March 30. New, More Balanced Approach to Sports Betting […]
Sports
February 23, 2023
Texas Motor Speedway Extends Existing Deals and Forges New Partnerships
The speedway that hosts races and is currently the only stop for NASCAR and INDYCAR in Texas, the Texas Motor Speedway (TMS), confirmed Wednesday it has renewed multiple existing commercial deals. At the same time, TMS acknowledged it inked two new collaborations with companies based in Texas. As a result, TMS will continue its collaboration […]
Legal
February 23, 2023
Federal Court Hinders Potential Sports Betting Expansion in Washington
The Seattle Times reported that the recent ruling by the federal court has dealt a blow to those who were hoping to expand sports gambling throughout Washington state. The Court Cited Sovereign Immunity as One of the Main Reasons for Its Decision Maverick Gaming, which owns and operates a number of card rooms throughout Washington, […]
