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California’s Online Sports Betting Initiative Still Facing Opposition
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California’s Online Sports Betting Initiative Still Facing Opposition

An effort to allow online and mobile sports betting in California has been met with considerable opposition from business leaders in the state. The initiative has acquired the requisite number of signatures to become the second sports betting-related proposition that will face a vote in November’s elections. Major online gambling companies such as DraftKings, BetMGM, […]
Bally’s $1.7 Billion Casino Approved by Chicago City Council
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Bally’s $1.7 Billion Casino Approved by Chicago City Council

An end is near to Chicago’s 30-year effort to build a casino and entertainment complex. More than three weeks after Mayor Lori Lightfoot backed the $1.7 billion River West plan by Bally’s Entertainment, the City Council gave the company the green light to construct and establish a temporary facility in River North’s Medinah Temple. Upfront […]
Atlantic City Casino Revenue Soars Past Pre-Pandemic Figures
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Atlantic City Casino Revenue Soars Past Pre-Pandemic Figures

On Monday, the New Jersey Division of Gaming Enforcement (DGE) presented gross operating profit data for its casino industry. According to those figures, there was a total of $155.6 million in profits on net sales of $719.8 million. For all nine Atlantic City casinos, profit margins were higher in the first quarter of this year […]
Another Metaverse-Based Casino on The Spotlight Over NFTs
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Another Metaverse-Based Casino on The Spotlight Over NFTs

A 22-page emergency cease-and-desist order has been issued against the metaverse-based Flamingo Casino Club. The order came from state securities boards in Texas, Wisconsin, Kentucky, New Jersey, and Alabama. The order lays out the boards’ allegations of fraudulent assertions. The casino, they claim, is nothing more than a “high-tech con”. As a result, they have […]
DraftKings Acquires Golden Nugget
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DraftKings Acquires Golden Nugget

This week, DraftKings Inc closed the acquisition of Golden Nugget Online Gaming, Inc for a whopping $1.56 billion. The move which become public on May 5, 2022, brought to an end the prolonged negotiations between the two companies. To put this into context, DraftKings’ bid to acquire Golden Nugget was approved in August 2021. It […]
MGM Resorts International Offers to Acquire LeoVegas
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MGM Resorts International Offers to Acquire LeoVegas

On Monday, MGM Resorts International announced a $607 million deal to purchase LeoVegas AB, a Swedish online gaming company. This move paves the way for the American casino operator’s ambitious plan to expand and grow in the lucrative European gambling market. In its offer, MGM submitted a recommended public tender offer for 61 crowns ($6.20) […]
Chicago’s Casino Plans Facing Some Opposition
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Chicago’s Casino Plans Facing Some Opposition

Last month, the mayor of Chicago unveiled the three finalists for its long-awaited casino project. Given the stakes, the selection process was always going to be very comprehensive. Each of the three finalists and the city would participate in a community engagement meeting for the proposed casino. During these meetings, the public would get the […]
Caesars Entertainment Signs Lucrative Market Deal with RateGain
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Caesars Entertainment Signs Lucrative Market Deal with RateGain

Caesars Entertainment, Inc. (Caesars), the biggest casino corporation in the United States, has this week chosen RateGain Travel Technologies Limited (RateGain), a supplier of SaaS solutions for travel and hospitality, to deliver real-time rate intelligence to increase hotel performance, profitability, and RevPar. The lucrative partnership deal is part of Caesars’ ambitious attempts are remaining at […]
Texas and Alabama Order iGaming Operator to Stop selling NFTs
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Texas and Alabama Order iGaming Operator to Stop selling NFTs

Non-fungible tokens (NFTs) and the Metaverse continue to pique a lot of interest across several different sectors. Much like in the case of blockchain and digital currencies, they are both considered to be full of potential and lots of people are looking to leverage that. Many of them are already trying to work out how […]
New York Budget Affirms Plans for Downstate Casinos
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New York Budget Affirms Plans for Downstate Casinos

Lawmakers in the Empire State have recently unveiled a budget that gives a clear overview of the state’s long-awaited gambling expansion. According to some clauses of the budget, the state is now fast-tracking the procedure that will see to the launch of up to three Las Vegas-style commercial gaming venues. It will start with a […]