Casino
June 11, 2021
Florida’s City of Doral Passes Measure To Ensure Donald Trump’s Resort Can’t Have a Casino
If Donald Trump wants to add a casino to the Trump National Doral Resort in Doral, FL, he’s now going to have to convince a lot of people. The city’s councilmembers met this week and approved a measure that explicitly prohibits gambling and casinos within city limits unless approved by local residents. The move is […]
Poker
June 10, 2021
Livestream Cash Poker Player Indicted with Health Care Fraud
A popular poker figure featuring on a new cash game livestream is facing up to 5 years in federal prison and millions in fines and civil penalties. Medical Testing Fraud Billy Joe Taylor, who poker fans watching the TCH livestream cash games from the Texas Card House in Dallas will remember as a loose-calling whale, […]
Legal
June 10, 2021
North Carolina Sports Betting Bill Expected to Advance in June
Sports betting legislation in the state has not seen any progress since April, but sponsors expect serious discussions to take place in June. Senate Bill 688 on Halt Since April The expansion of sports betting in North Carolina has not seen the expected progress, although supporters of the legislation say there might be an advance […]
Industry
June 10, 2021
SIG Investment Set to Fuel Smarkets’ Push in the US
Smarkets, a London-based sports betting exchange operator, received significant investment from an investment fund affiliated with American trading giant SIG, signaling an upcoming push in the US. Betting Similar to Trading The significant minority investment made by Susquehanna Growth Equity, an investment fund affiliated to SIG, marked the first time since 2013 when outside money […]
Business
June 10, 2021
SEC Chair Warns Markets Change in Trading Rules Is Coming
Equity trading in the US is likely to undergo a major overhaul after a regulatory call for a broad review of stock trading rules is questioning legal mandates related to brokers, an article in Bloomberg speculates. Payments for Order Flow Staff at US Securities and Exchange Commission (SEC) was tasked to examine brokers’ requirements for […]
Business
June 10, 2021
BetMGM Named Official Gaming Partner of Professional Fighters League
BetMGM has been named as the “Authorized Gaming Operator” of the Professional Fighters League (PFL). The partnership will give MGM Resorts International and joint venture partner Entain access to PFL promotions, VIP events, and the use of the PFL logos and marks. Officially commencing from June 10, BetMGM customers will have the opportunity to wager on […]
Industry
June 10, 2021
April Gaming Revenues Climb to Record Highs According to AGA
According to the American Gaming Association (AGA), the US casino industry is well and truly back in business. The AGA has released the latest commercial revenue figures for April, with the figures showing more than a 25% year-on-year increase. Figures for April showed that sports betting boosted commercial gaming revenue in April to pre-pandemic levels. Revenue […]
Industry
June 10, 2021
Kieckhefer’s Esports Bill Passes in Nevada with Some Major Changes
Nevada State Bill 165 envisioned the establishment of an Esports Regulatory Commission. It was proposed by state Senator Ben Kieckhefer who believes that creating an esports regulatory body will help with establishing a healthy gambling ecosystem and boost the industry’s growth. However, the idea was scrapped, and the bill received some important tweaks before finally getting signed by Governor Steve Sisolak. The […]
Blockchain
June 10, 2021
DraftKings’ CEO Says Regulation Only Deterrent to Crypto Adoption
Cryptocurrencies are a viable payment option for DraftKings, argues chief executive Jason Robins, but lack of regulatory clarity prevents their adoption. DraftKings CEO Talks Crypto Implementation DraftKings has long been looking to implement cryptocurrencies as a viable payment method, company chief executive Jason Robins said, but the lack of regulatory clarity has been a deterrent against their mass […]
Sports
June 10, 2021
Pro Sports Leagues Continue Focus on Integrity as Sports Gambling Takes Hold
When the Professional and Amateur Sports Protection Act of 1992 (PASPA) was approved by US lawmakers, all major US sports leagues supported the measure. They argued at the time that legalized sports gambling would only lead to greater integrity issues, a fallacy of mindset that is void of logic. In 2018, when the Supreme Court […]