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Business
April 11, 2025
Analysts Remain Bullish on Gambling Sector Resilience Despite Global Uncertainty
Despite the recent market tremors following President Trump’s dramatic tariff announcements, gambling industry experts remain broadly optimistic about the sector’s strength, citing historical recession resilience, consumer spending habits, and robust fundamentals as core strengths that should insulate operators from an economic fallout. Gambling Has Proven Historically Resilient While gaming stocks did not escape the downdraft […]
Industry
April 10, 2025
Portnoy Banked on Trump for a Stock Market Win
David Portnoy, the founder of Barstool Sports, is relieved that President Trump delivered the financial “victory” that the sports betting businessman was hoping for. Portnoy Says Trump Is Playing a “Hight-Stakes Game” David Portnoy has been an avid supporter of President Donald Trump, whose recent introduction of new tariffs has sent shockwaves across businesses in […]
Industry
April 7, 2025
Gold Card to Replace Visa Program That Built Vegas Casinos
President Donald Trump has another immigration initiative on his table. Under the name “Gold Card,” the flashy, high-dollar program would be used to offer an alternative to the current green card system. “For $5 Million, This Could Be Yours” The big reveal was made aboard Air Force One. The former casino owner, who may get […]
Business
April 7, 2025
Gambling Stocks Slide as Trump Tariffs Rattle Global Markets
International gambling stocks took a tumble on Monday morning as escalating anxiety over the Trump administration’s aggressive tariff policy sent the markets into a tailspin. The economic uncertainty triggered by a new wave of trade measures ripped into multiple industries, with the gaming sector emerging as one of the unintended casualties. Tariffs Exacerbated Existing Issues […]
Industry
April 1, 2025
William Hill, Polymarket Offer Betting on Trump Serving a Third Term
UK operator William Hill and prediction market Polymarket have launched betting markets on US President Donald Trump serving a third term. While this would require significant changes to the Constitution, the markets offer some tempting payouts, should it happen. William Hill Believes There Is a Chance William Hill has become the first bookmaker in the […]
Industry
February 25, 2025
Donald Trump Curbs Investment from Macau, Names It Hostile Foreign Adversary
That China and the United States have not seen eye-to-eye on anything from freedom of speech to economic priorities should not surprise anyone. Yet, President Donald Trump signed a memorandum on Friday that directed the Committee on Foreign Investment in the United States or CFIUS, as the body is known more snappily, to impose investment […]
Industry
February 13, 2025
Trump Nominates Kalshi Board Member Brian Quintenz as CFTC Chair
The future of prediction markets in America seems brighter as President Donald Trump nominated a Kalshi board member to chair the Commodities Futures Trading Commission (CFTC). Prediction markets have so far experienced certain headwinds in the USA despite the growing demand for such products. Quintenz Feels Honored to Be Nominated as CFTC Chair The chair […]
Industry
February 12, 2025
No Mass Deportations Expected For LV Hotel, Casino Employees
During his presidential campaign, Donald Trump addressed a number of issues, vowing to bring many changes once he assumes office. After his win in November, it was only a matter of time for this to happen. Last month, Trump assumed office and immediately started signing a range of executive orders in what appears to be […]
Industry
February 7, 2025
Donald Trump Pick for the Commerce Department Accused of Illegal Gambling, Money Laundering
Howard Lutnick, the CEO of Cantor Fitzgerald, has been attacked in a fresh piece by Politico, a respected media outlet, which alleged that he had been tied to a sports gambling business, that eventually led to criminal charges. Lutnick is President Donald Trump’s top choice to head the Commerce Department, and although he has now […]
Industry
February 6, 2025
Leaders Discuss the Future of Tribal Gaming under Trump
Native American gaming leaders are wary of Trump’s second term as president, fearing that it might impact their businesses. The billionaire has been an outspoken critic of tribal gaming, critiquing the vastly different rules they have to adhere to. Governmental Shifts May Mean Trouble for Tribal Gaming At a recent Indian Gaming Association (IGA) webinar, […]
