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Industry
March 19, 2025
Casino Winner Claims Jackpots After Presenting Residency Proof
In the summer of 2023, Eduardo Cardoso found himself in an unusual predicament. After he hit several jackpots at a casino in South Florida, the Cuban man was not allowed to collect his winnings. The reason? A federal restriction. Frequent Player Stroke It Big Three Times “I like to go to the casino like any […]
Industry
March 19, 2025
Maryland Orders Sweepstakes Operator VGW to Cease-and-Desist
The Maryland Lottery and Gaming Control Agency has slammed sweepstakes casino giant Virtual Gaming Worlds (VGW) with a cease-and-desist letter. The regulator argued that the operator’s products constituted illegal gaming and that it must pull out from the market. This regulatory action aligns with a broader opposition to the sweepstakes format across America. Maryland Cracks […]
Industry
March 19, 2025
Seminole Hard Rock Casino Patron Falls Victim to Robbery
Casino robberies are not uncommon, considering that such establishments usually deal with large amounts of cash. The threat of such unlawful actions requires land-based casinos to invest in security solutions, including live guards, CCTV and in some cases even metal detectors and AI-powered solutions. Despite the casinos’ efforts to combat crimes, they remain a target […]
Industry
March 19, 2025
Up to 15 Years in Prison for Man Who Shot Casino Security Guard
Jurors in Kern County have convicted R.C., the man who fired a gun at a Golden West Casino security guard in 2023, on multiple charges. The verdict was announced Monday by the District Attorney of the gambling-approved region that approved Tejon’s operations at Hard Rock Hotel and Casino in 2022. R.C. could be looking at […]
Industry
March 19, 2025
Economists Predict Higher Sin Taxes Will Affect Ohio Markets
Recently, Ohio Gov. Mike DeWine proposed an increase in sports betting taxes, marking another tax hike after the state already doubled its betting tax in 2023. The latest push seeks to generate funds for sports facilities across the state, among other initiatives. Experts Agree Increase in Gambling and Cannabis Taxes May Decrease the Harmful Effect […]
Industry
March 19, 2025
Prediction Markets’ Future Analyzed by Bank of America Analyst
The rise of popularity in prediction markets was fueled by the recent Presidential elections in the United States. The offering of futures contracts gained significant speed ahead of the elections and in light of Kalshi’s legal case success against the Commodities Futures Trading Commission (CFTC), the federal regulator in charge of prediction markets. Futures Trading […]
Industry
March 18, 2025
New Zealand Minister Rejected TAB’s $85M iGaming Bid
The TAB, the mainstay name in New Zealand betting, had put forward NZD 150 million ($87.3 million) for an online license. However, the company’s ambitions were quashed by Internal Affairs Minister Brooke van Velden who said that this wouldn’t happen on her watch. New Zealand Seeks to Regulate Gaming The New Zealand government is currently […]
Industry
March 18, 2025
EU Court Ruling Could Derail Lithuania’s Strict Gambling Regulations
Lithuania’s aggressive push to tighten online gambling regulations has suffered a surprise setback following a ruling by the Court of Justice of the European Union (CJEU) that declared key amendments to the nation’s gambling law to be non-enforceable due to procedural failures. This apparent oversight by Lithuanian legislators could significantly affect the nation’s efforts to […]
Industry
March 18, 2025
Underdog Exits New York amid Regulatory Scrutiny
Daily Fantasy Sports (DFS) operator Underdog Fantasy has agreed to a $17.5 million settlement with the New York State Gaming Commission (NYSGC). The operator will withdraw its drafts and pick’em games from the state market after contending with allegations of unlawful operations. Despite this setback, the company plans to return to the Empire State and […]
Industry
March 18, 2025
State Rep. Gonzales: “Illinois Is Gambling With Its Financial Future”
Last month, Illinois lawmakers made a new attempt to give the green light to online gambling as a means of further growing the market following the legalization of sports betting five years ago. Then, State Representative Edgar Gonzalez and Senator Cristina Castro submitted House Bill 3080 and Senate Bill 1963, hoping to allow licensees to […]
