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Sports
June 10, 2021
MLB Has a Sticky Matter on Its Hands that Could Divide the Sports Gambling Space
For as long as there has been baseball, there have been pitchers who wanted to find a way to make their sliders slide more and their fastballs fly faster. They have used spit, mud, pine tar, lubricants and other substances to try to give themselves an edge, despite the fact that MLB has strict rules […]
Sports
June 10, 2021
Iowa Casinos Now Able to Take Bets on Overseas Horse and Dog Races
There was a time that even playing pinball in Iowa was considered illegal under certain circumstances, but the state has come a long way since then. It was the 11th state to introduce legal sports gambling after the Supreme Court killed PASPA in 2018 and it continues to fine-tune its market. Response to the launch […]
Sports
June 10, 2021
Bally’s Hopes to Increase Fan Engagement in Combat Sports through New Partnership
Bally’s Corp. wants to make combat sports as popular as the NFL and NBA. Boxing, mixed martial arts (MMA) and other sports in the segment have a strong following, but the gaming operator wants to raise the bar. In order to achieve its goal, the company announced yesterday a new partnership with a seasoned boxing […]
Legal
June 10, 2021
CA Nun Embezzles $835,000 for Gambling, Faces 40 Years in Jail
Following an investigation by the FBI, IRS, and Torrance Police Department, charges were filed against a now-retired nun that used to be a principal of St. James Catholic School in California. Statement by the U.S. Attorney’s Office released on Tuesday reveals that Mary Margaret Kreuper will plead guilty for embezzling more than $835,000 in school […]
Casino
June 9, 2021
Ohio Casinos See Third Straight Month of Revenue Improvements As May Gambling Rises
There is more evidence that the US economy is on the rebound following a disastrous year caused by COVID-19. Several states have already reported significant improvements with their gambling markets and Ohio is proving that the gains are more than just a short-term trend. The state’s 11 casinos and racinos reported significant revenue improvements for […]
Business
June 9, 2021
Sportradar’s $10B SPAC Merger Collapsing, IPO Option Remains
Sports data supplier Sportradar is pulling out of the proposed merger with Horizon Acquisition Corp. II and is looking for a traditional initial public offering (IPO), Sportico reports based on people familiar with the matter. Going Public via IPO The $10 billion business combination between the Swiss-based sports data provider and the special purpose acquisition […]
Business
June 9, 2021
Caesars Entertainment to Possibly Raise Room Rates, Shift Focus as It Seeks Further Expansion
A lot of changes are coming to Caesars Entertainment this year, and some, if implemented, may not be welcomed by guests. The casino operator reportedly just met with Deutsche Bank analysts to get a different perspective on its short- and long-term movements, and the results, according to CDC Gaming Reports, might lead the company in […]
Legal
June 9, 2021
New York May Have a Tight Mayoral Election, Eric Adams in the Lead
The mayoral race in New York continues with more than ten Democrats and two Republicans competing for the position. A recent poll suggests that Brooklyn borough president, Eric Adams is in the lead, but according to a nonprofit news outlet, he may have some skeletons in his closet. Mayoral Race in New York Continues Democrats […]
Business
June 9, 2021
Genius Sports and Shareholders Offer for Sale 20 Million Shares
Sports betting company Genius Sports announced it launched an underwritten public offering of the company’s common stock to the amount of 20 million shares. Registration with the SEC Filed, Not Effective Yet The public offering for which Genius Sports filed a registration statement and a preliminary prospectus with the US Securities and Exchange Commission (SEC) […]
Casino
June 9, 2021
Detroit Casinos with $109.7 Million Revenue in May
Detroit casinos have reported $109.7 Million Revenue in May, reporting a significant recovery with only 15% less from slots and table games compared to the same period in 2019. Detroit Casinos with a Serious Outlook Towards Recovery Even though Detroit casinos have operated at a limited capacity in May, they have recorded an aggregate revenue (amounting […]