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Business
May 12, 2019
Wynn Resorts VIP Revenue Slows Down in Macau
Macau’s GGR continues to consolidate month in and month among falling revenues for Las Vegas brands. Wynn Resorts has been caught in the latest profit nosedive. The VIP segment has been affected the most. Wynn Resorts Posts Weaker VIP Q1 Results Wynn Resorts first-quarter figures didn’t reach their targets, the Las Vegas casino operator reported […]
Business
May 9, 2019
FOX Launches Betting Platform with The Stars Group
FOX buys 4.99% in TSG The companies will launch FOX Bet FOX could purchase up to 50% in TSG Rupert Murdoch’s media giant group FOX has purchased a 4.99% stake in The Stars Group and is now rolling out a sports betting platform. FOX Buys 4.99% in TSG – Sports Betting Arrives Fox. Corp. has […]
Business
May 7, 2019
Colorado Sends Sports Betting Bill to Governor
Colorado’s sports betting bill HB19-1327 awaits governmental signature 10% Gross Revenue to go to the State Fund Operators would need to foot the bill for the new Gaming Control Commission The Colorado’s Senate has cleared HB19-1327 and is now sending it to the office of Governor Jared Polis who has to give his final approval […]
Business
May 3, 2019
NeoPollard Asks DOJ to Rule on Wire Act Lottery Vendors
NeoPollard demands that the DOJ removes iLottery vendors from the ambit of the Wire Act No definitive law exempts vendors from fault, the company argues DOJ needs to specify its stance on iLotteries and the Wire Act Opinion NeoPollard has directed criticism against the Department of Justice (DOJ) over the uncertainty now marring business prospects. […]
Business
May 3, 2019
Caesars to Consolidate Sports Betting Business
Caesars hits 1Q 2019 targets The corporation plans to expand in sports betting Comp points slashed for loyalty customers amid wage increase for staff Caesars Entertainment Corporation’s 1Q 2019 Earnings Call came with an ambitious outlook. The company’s development strategy moving forward would feature expansion across sports betting. While the earnings call reflected the opinions […]
Business
April 30, 2019
Kambi and William Hill to Work on Sports Betting in Sweden
Kambi strikes new partnership with William Hill for Sweden William Hill to rebrand Redbet.se into WilliamHill.se MRG deal yet to be finalized Amid soaring first quarter results, Kambi has struck a new partnership to power William Hill’s sports betting platform in the newly-regulated Swedish market. Kambi’s Financial Performance Grows Kambi’s financial performance soared in the […]
Business
April 29, 2019
Leaked Ladbrokes Documents Show “Player Profiling”
Leaked documents show that Ladbrokes has been profiling players Ladbrokes claims that the documents date back five years and they do not reflect the current betting platform practices Customer protection bodies weigh in on the documents Ladbrokes has made headlines recently with reports emerging that the bookmaker is profiling customers and forcibly restricting betting opportunities. […]
Business
April 25, 2019
Louisiana to Debate Sports Betting in the Senate
Louisiana to debate SB 153 in Senate The bill will bring up to $60 million in monthly revenue The Senate hearing is decisive Another sports betting legislation is stepping in the ring. This time, Louisiana is pushing ahead with plans to debate a fully-legalized industry in the Senate. Louisiana’s Senate to Debate Sports Betting The […]
Business
April 25, 2019
Tennessee to Legalize Sports Betting Online in Senate
Tennessee spearheads bill to legalize online sports wagering The state expects to collect $750,000 per license fee every year Companies offering betting odds will be taxed up to 20% of their revenue Revenue from sports betting expected to hit $40 million by the second year of business Amid rapidly expanding sports betting landscape in the […]
Business
April 23, 2019
Why Did PokerStars Get Fined in New Jersey?
PokerStars is fined $10,000 for accepting wagers on college contests Illegal college betting continues offshore, experts say Banning betting odds at licensed operator not a solution PokerStars gets fined for college sports betting in New Jersey. The state’s regulator has slapped The Stars Group-owned company with $10,000 for taking bets on college basketball games. PokerStars’ […]