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Detroit Casinos Report Almost $100 Million Revenue in January
Three Detroit casinos – MotorCity Casino, Hollywood Casino at Greektown, and MGM Grand Detroit – reported total revenues of $994.4 million for January. It was the lowest monthly total in more than 18 years. Retail sports betting contributed $500,221, while table games...
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What Happens Next to the North Carolina Online Sports Betting Bill?
Part of the process to open a sportsbook entails a lot of research, especially about the industry. If you want to be able to succeed as a bookie, you need to know every single thing you can about gambling and sports betting. One of the best ways to do this is to keep...
Massachusetts Online Lottery Waits for Senate Approval
Governor Maura Healey expressed her support for establishing a Massachusetts Online Lottery system. She said the move would improve sales and drive extra income for the state. In addition, the State House supports the introduction of online products for the state...
PokerStars Settled with US SEC with $4 Million in Fines
In 2020, Flutter Entertainment acquired PokerStars from the Stars Group. The deal increased Flutter’s brands. However, it came with unexpected consequences worth $4 million. That was the amount the company paid after PokerStars settled with US SEC. According to casino...
Nevada Gaming Commission Breaks Major Sports Betting Embezzlement Scam
An employee of William Hill in Nevada appeared in court to face several charges of embezzling money from its company’s kiosks. The Nevada Gaming Commission investigated Shravan Singh after the commission became aware of his scheme in 2022. Caesars Entertainment bought...
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Philippine Casino GGR to Reach 85 Percent Pre-Pandemic Level in 4th Quarter
The Philippine casino GGR or gross gaming revenue could reach 85 percent of its pre-pandemic level in the fourth quarter of 2022. Experts based the estimated growth on various factors, including relaxed travel and other pandemic policies. In the first quarter, for...
Global Casino Operators Bet on Gambling in the Gulf
It’s been the subject of calm hypothesis among ambassadors and chiefs for a really long time, yet presently worldwide club supervisors are focusing on a once implausible award: betting in the United Arab Emirates Ras Al Khaimah (RAK), one of the more modest and...
South Korean Casino Operator Decreased Annual Loss
South Korean casino operator Landing International Development reported an annual loss of $134.9 million in 2021. It was half of its losses for 2020. Landing International Development stated the lower annual was because of fair value gains of investment properties and...
Fantasy Sports League Payouts are Legal in New York
The New York high court ruled that fantasy sports league payouts are legal in the state. That is because they comply with the state’s anti-gambling laws. The decision came after a lower court ruled the law allowing daily fantasy sports was unconstitutional....