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Industry
February 28, 2024
New York Sen. Addabbo to Participate in Problem Gambling Online Debate
March is recognized as the Problem Gambling Awareness Month, a period when different initiatives across the United States will take place, raising awareness of gambling addiction and problem gambling. One such important initiative will be an online Zoom meeting sponsored by New York Sen. Joseph P. Addabbo. The upcoming meeting will see the Senator join […]
Legal
February 26, 2024
Las Vegas Sands Faces Further Trouble in New York
Las Vegas Sands’ grand plans for a multi-billion dollar resort and casino in Uniondale have suffered another significant setback. State Supreme Court Justice Sarika Kapoor, who previously invalidated Sands’ lease with Nassau County, has declared that the company lacks a valid lease for the Coliseum and its surrounding land. Significant public pushback to the project […]
Industry
February 19, 2024
New York iGaming Legalization Faces Opposition from the Retail Sector
The legalization of online gambling in New York has been a hot topic for years. Sen. Joseph Addabbo, one of the supporters of iGaming, has been pushing for its legalization since 2019. Despite his previous proposals which have not gained enough traction to be passed into law, earlier this year, he filed his latest proposal […]
Sports
February 19, 2024
NYRA Leads Efforts in Studying Racing Surface Safety After Horse Tragedies
In response to mounting concerns over equine injuries and fatalities in horse racing, the New York Racing Association (NYRA) has taken the lead in forming an All-Weather Surfaces Committee. This committee aims to delve into the effects of various racing surfaces on equine well-being. Notable Industry Figures Convene for NYRA-Led Committee Amid Horse Racing Safety […]
Business
February 14, 2024
PrizePicks to Cease Paid Contests in New York after $15M Settlement
PrizePicks, a leading daily fantasy sports operator, has agreed to a settlement with the New York State Gaming Commission (NYSGC), consenting to halt its for-money contests in the state and pay a substantial settlement of nearly $15 million. The sum reflects the revenue generated by PrizePicks through purported interactive fantasy sports contests from 4 June […]
Industry
February 14, 2024
PENN Secures New York Sports Betting Licenses in Deal with Wynn Interactive
Penn Entertainment has set its sights on the lucrative New York market with a recent strategic move. The company announced a significant agreement with Wynn Interactive Holdings, marking a pivotal step towards acquiring mobile sports wagering licenses for New York market access. PENN’s $25 Million Deal Secures Key Licenses for ESPN BET Launch in New […]
Industry
February 12, 2024
New York Posts Record-Breaking Online Sports Betting Revenues in January
New York continues to break its online sports betting revenue records month after month, once again publishing unprecedented results in January. According to official data, licensed sportsbooks recorded a total sports betting GGR of $211.5 million. This figure smashes December’s previous record, attesting to the fact that the New York betting sector is yet to […]
Casino
February 9, 2024
Mets’ Owner Steve Cohen Unveils $8bn Casino Plan for Citi Field Area
Considering the resounding success of mobile sports betting in New York, leading industry operators showed interest in securing one of the state’s three new downstate casino licenses. The fierce competition was joined by industry giants, including Wynn Resorts, Las Vegas Sands, MGM Resorts International and several other bidders. Overall, nearly a dozen bidders joined the […]
Casino
February 7, 2024
Two Arrested for Armed Robbery at Gambling Den in Queens, New York
Two individuals have been apprehended by FBI agents for their alleged involvement in a violent armed robbery at an illicit gambling establishment in Flushing, Queens, last July. The incident, which resulted in one person sustaining gunshot wounds, has led to charges against Jamel Berry from Astoria and Zhong Wang, a Chinese national. Robbery at Flushing […]
Industry
February 2, 2024
Online Gambling Bill in New York Undergoes Amendment
More than two years ago, New York launched its legal online sports betting market. Since then, different milestones have been surpassed, highlighting the success of the market and its exceptional potential. While online sports betting has been a blast ever since its launch, lawmakers in the state continue to pursue options for legalizing online gambling. […]