Industry
July 27, 2021
DraftKings Pulls DFS Out of Oregon as It Eyes the Larger Sports Betting Market
DraftKings has decided that the activity that propelled it to the top of the charts in the sports gambling world is no longer as important. Both DraftKings and FanDuel got their starts by offering daily fantasy sports (DFS) contests and more, but DraftKings seems to be pulling away. It has suddenly and unexpectedly cut off […]
Legal
July 26, 2021
Chicago Police Officer Learns Fate for Participation in Illegal Sportsbook
A Chicago Police officer has received a 15-month jail sentence from US District Judge Virginia Kendall for his role in an illegal sportsbook operation with ties to Costa Rica. Chicago Police Officer Gets a Jail Sentence On Thursday, Nicholas Stella, a 43-year old police officer from the Chicago police department, received a 15-month jail sentence […]
Business
July 26, 2021
DraftKings Listed on the Semiannual List of Secular Growth Stocks by Morgan Stanley
DraftKings, one of the most popular online sportsbooks in the US, was added to the semiyearly growth stock list by Morgan Stanley strategists. Interestingly, DraftKings was the only representative from the gaming stock segment to be listed. DraftKings Stands Out Among Stock Options Morgan Stanley is one of the biggest investment banks in the US […]
Sports
July 26, 2021
Caears Gets an NFL Stadium in Louisiana, Louisiana Get a New LGCB Chair
For a decade, the New Orleans Saints played their home games at the Mercedes Benz Superdome, but the auto manufacturer decided it was time to move on. There had been rumors that a potential suitor was in place to take over, with Caesars Entertainment expected to take over. Now that a Louisiana government committee has […]
Industry
July 26, 2021
Cashless Gaming Advances as Aristocrat, Everi Holdings Team Up
Propelled by the COVID-19 pandemic and the notion that the virus could be transmitted across physical cash, casinos rapidly began integrating payment alternatives last year. Several options had been available for the past couple of years, but bringing them to gaming floors and other casino operations was a slow process. This is no longer the […]
Industry
July 23, 2021
PointsBet Launches Online Casino Gaming in New Jersey
Australian-based online betting and gaming brand PointsBet announced today its proprietary online casino platform is now live in New Jersey, adding to the brand’s wagering product suite in the state. Online Casino Expansion The launch of PointsBet’s iGaming platform in New Jersey made the state the second US jurisdiction where the online casino operator’s offering […]
Industry
July 23, 2021
Retrospective: Another Great Week in the Gaming Industry
It can easily be said that the global gaming industry is never boring. There is always something going on, and this week wasn’t the exception. Although COVID-19 is trying to threaten economies once again, there is still a lot of positive momentum being built for a larger, more successful gaming market. There is definitely a […]
Business
July 23, 2021
Gambling.com Slashes IPO Price as it Launches on NASDAQ
Online gambling industry marketing services provider Gambling.com surprisingly slashed the pricing of its initial public offering (IPO), as well as the quantity of shares available to investors, before going public. Revised Price and Share Quantity Gambling.com is now offering 5,250,000 ordinary shares priced at $8 per share, bringing the total valuation of the company down […]
Poker
July 23, 2021
MGC Wants to Know Why There’s No Poker at Massachusetts Casinos
Nearly two months after COVID-related restrictions in Massachusetts were lifted, commercial casinos are yet to resume poker games. Now, the Massachusetts Gaming Commission (MGC) is reportedly looking into the topic and checking whether commercial operators are legally obliged to resume poker. Poker Games Not Profitable with COVID-Related Restrictions Easing COVID-related restrictions across the US enabled […]
Industry
July 23, 2021
Massachusetts Could Launch Sports Betting Before End of the Year
On Thursday evening, the House in Massachusetts approved a bill to legalize sports betting by a vote of 156-3. Massachusetts’ House Eager to Legalize Sports Betting The majority of the House in Massachusetts approved a bill to legalize sports betting at a meeting on Thursday evening. The House voted 156-3 to pass the sports betting […]