Industry
June 21, 2021
D.C. Reports Staggeringly Low Sports Betting Revenue
D.C. could soon see unexpectedly low sports betting tax revenue as every year the officials revise down their revenue projections since the legalization of sports gambling in 2020. D.C. Council Dazzled by the Low Revenue from Sports Betting The D.C. Council Committee on Business and Economic Development held a budget oversight hearing on Thursday where […]
Casino
June 21, 2021
Cordish Wants Norfolk to Pay over Losing Casino Bid
The Cordish Companies feels like Norfolk, Virginia jilted when it awarded a casino license to the Pamunkey Indian Tribe last year. The two entities were vying for the rights for a casino in the city and Cordish was convinced it had the upper hand before Norfolk chose its rival. Now, the casino operator is out […]
Business
June 21, 2021
MGM Injects $500m to Upgrade Yonkers Raceway
Out with the old, in with the new is becoming fashionable in a post-COVID-19 environment, especially in the gambling ecosystem. A number of casino operators are breathing new life into their old properties as they emerge from the coronavirus destruction, hoping that fresh fixtures and amenities will quickly attract the crowds. New York’s Yonkers Raceway […]
Industry
June 18, 2021
Massachusetts Casinos Surpass Pre-pandemic Gross Gaming Revenue in May
Last month, the three commercial casinos in Massachusetts raised $87 million in gross gaming revenue. Comparing this number to February 2020, when gaming revenue halted at $85.8 million, we see that the commercial casinos have reached GGR higher than pre-pandemic levels. Gaming Revenue in Massachusetts Surges in May In a report released on Tuesday this […]
Poker
June 18, 2021
Postle Lost Second Anti-SLAPP, Must Pay Veronica Brill $27,745
The second anti-SLAPP case against Mike Postle brought similar results to the first one, after presiding judge Shama H. Mesiwala ruled in favor of Veronica Brill to award her $27,745 in legal costs. On the Hook for Legal Costs Veronica Brill, one of 12 defendants against whom Mike Postle filed a $330 million defamation lawsuit, […]
Sports
June 18, 2021
Arlington International Racecourse Could Move from Horses to Bears
Horses have been running races at Arlington International Racecourse since 1927, but the track might soon be overrun by bears. Churchill Downs Inc. (CDI) is the current owner of the track and its massive 326-acre property, but announced earlier this year that it would sell the location for redevelopment. According to the Chicago Tribune, the […]
Business
June 17, 2021
New Jersey Gaming Revenue Increases in May, Says Report
A new report released by the gaming regulator in New Jersey reveals that gaming revenue in May reached $374.2 million. This represents an increase of 290.4% when compared to the same period last year. NJ Regulator Reveals Gaming Revenue Report for May 2021 A new report released by the Division of Gaming Enforcement in New […]
Industry
June 17, 2021
PGCB Approves Consent Agreements, Collects $284,000 in Fines
Six consent agreements totaling $284,000 in fines and non-monetary sanctions to casino and gaming license holders were approved by the Pennsylvania Gaming Control Board (PGCB) during its meeting Wednesday. Boyd Gaming and Penn National were among the gaming operators which reached consent agreements with the Board’s Office of Enforcement Counsel to pay financial sanctions for […]
Poker
June 17, 2021
Poker Pro Doyle Brunson Considers Participating in WSOP
Doyle Brunson, ten times winner of the WSOP bracelet announced that he plans to participate in the WSOP this season. Throughout his career as a professional poker player, Brunson has won first place in nearly 20 tournaments and reached poker earnings of more than $6.1 million. Poker Pro Doyle Brunson to Participate in WSOP This […]
Industry
June 17, 2021
US Sports Gambling Sees Major Gains from Pre-pandemic Levels
According to a report by Canaccord Genuity, the sports gambling handle in the US is now twice that of pre-COVID-19 levels. Of course, much of that has to do with an increase in the number of legalized gambling states, but it is also because of increased interest in the activity. iGaming is on the rise, […]