Casino
February 16, 2023
Dreamscape Unveils Plans for Rio Hotel & Casino Revamp
The New York-based real estate development and investment firm confirmed Wednesday it completed an $850 million capital raise. Raymond James led the equity private raise for the capital placement while Wells Fargo was in charge of managing the funding. Thanks to the capital raise, Dreamscape will finance a multi-phase renovation of its iconic Rio Hotel […]
Business
February 16, 2023
Caesars to Expand Caesars Rewards Program with NY Merchants
Currently, Caesars Rewards is recognized as the largest loyalty program within the gambling industry. The program has more than 60 million members, putting Caesars at the helm of customer loyalty within the vertical offering unique experiences and benefits for its customers. Ultimately, Caesars Rewards establishes a network of gaming, hospitality, entertainment, shopping, dining and other […]
Lottery
February 16, 2023
CA Lottery Reveals Edwin Castro as $2.04bn Powerball Winner
The jackpot, which is the largest lottery jackpot in the history of the US, was hit with just one winning ticket that was sold to Edwin Castro in Los Angeles County, an unincorporated community in the foothills northeast of the city of Los Angeles. The ticket with winning numbers 10, 33, 41, 47 and 56, and […]
Legal
February 16, 2023
Ohio Woman Sentenced to Prison in Illegal Gambling Case
Department of Justice (DOJ) documents released Wednesday confirm that the announcement came from First Assistant US Attorney Michelle M. Baeppler for the Northern District of Ohio along with Acting Deputy Assistant Attorney General Stuart. M Goldberg from the Tax Division of the Justice Department. The DOJ revealed that the criminal case was investigated by the […]
Legal
February 16, 2023
Church Employee Embezzles About $600K to Fuel Gambling Addiction
Fox 7 reported that the woman, Marie Carson, was found to have transferred a sum of around $573,836.59 from the church’s business accounts to her own personal bank accounts, according to court documents covering a period between 2008 and 2021. The US Department of Justice, however, stated that the actual monetary loss was much higher. […]
Insider
February 16, 2023
Compliable’s Justin Stempeck: “Ohio Sets Regulatory Example for Operators to Follow”
The excitement around the opening of the online market was quickly overshadowed for some however, as the Ohio Casino Control Commission (OCCC) issued operators with total fines of over $1 million in the first five days. Related to various advertising issues, such as affiliate marketing, the sanctions are some of the toughest seen in the […]
Legal
February 16, 2023
Monarch Casino & Resort to Pay a Fine in Connecticut over Proxy Wagers
Proxy betting is an activity that involves placing a wager on behalf of another person that is from a state where gambling is not legal for example. There are currently regulations that prohibit such bets in some US states, but there are states that also allow the activity such as Nevada, although under specific guidelines. […]
Industry
February 16, 2023
Commercial Gaming Revenue of $60.4B in 2022 Set New Record
Commercial gaming in the US set a new record in 2022, registering annual revenue of $60.4 billion to surpass the previous high of $53.0 billion set in 2021, the American Gaming Association (AGA)’s Commercial Gaming Revenue Tracker revealed. Preference for Casino Gaming Tracking financial performance across commercial gaming based on state revenue reports, AGA’s Commercial […]
Casino
February 16, 2023
Lake of the Torches Casino Chose Passport’s Lush Loyalty
Provider of payment technology and customer engagement solutions Passport Technology announced that Lake of the Torches Resort Casino in Wisconsin has selected the combination of Passport’s rewards platform and player enrollment kiosks. Ready to Spoil Their Partner The selection of Passport’s Lush loyalty and rewards platform and Mira kiosks for the casino resort owned by […]
Casino
February 16, 2023
Everi Digital to Supply Online Casino Content to Caesars
Supplier of casino content, financial technology and player loyalty solutions Everi Holdings announced that its digital arm, Everi Digital, has signed a content deal with Caesars Sportsbook & Casino. Comprehensive Portfolio of Titles The agreement with Caesars Sportsbook & Casino stipulates that Everi Digital will deliver its online casino content via its proprietary Spark Remote […]
