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Legal
October 26, 2023
NY State Sen. Addabbo Trying to Usher in iCasino and iLottery
State Senator Joseph Addabbo has announced his ambitious plans to introduce an online casino and online lottery bill by the end of 2023, just in time for the upcoming session in January 2024 as well as the executive budget. This marks the Senator’s second attempt to introduce these iGaming products to the Empire State after his […]
Business
October 26, 2023
Seneca Gaming Confirms New Hire Ahead of NY Compact Expiry
The leading entertainment and gaming company, established by the Seneca Nation of Indians to operate, develop and finance its gaming facilities, Seneca Gaming Corporation, has announced a new C-suite hire. The company confirmed it appointed Rod Centers, a seasoned executive with more than three decades of experience, to the role of chief operating officer (COO), […]
Casino
October 26, 2023
LVS Reiterates Plan to Pursue Casino License in New York
After legalizing and launching mobile sports betting, New York surpassed markets that have operated for years, bringing record handle and revenues. Amid the growth of the popularity of mobile wagering, lawmakers in the state proposed expansion for the retail gambling sector. Earlier this year, New York lawmakers approved a plan that proposes the creation of […]
Industry
October 23, 2023
New York Casinos Impacted by Cybersecurity Event
Several cybersecurity incidents disrupted the operations of two hospitals as well as multiple casinos that offer video lottery terminals (VLTs) in New York last week. Brad Maione, a spokesperson for the gambling regulator in the state, the New York Gaming Commission, confirmed Tuesday that the operator of VLTs in the state, Everi, was impacted by […]
Casino
October 20, 2023
Soloviev Group Proposes Casino Project with Affordable Housing in Manhattan
In a bold move to win approval for its proposed casino near the United Nations headquarters in Manhattan, the Soloviev Group has unveiled a groundbreaking plan that combines a state-of-the-art casino complex with a significant affordable housing initiative. Soloviev Group Adds Affordable Housing Units at Below-Market Rates The developer, Stefan Soloviev, heir to the Solow […]
Industry
October 17, 2023
New York Betting Revenue Grows Along with Problem Gambling
New York officially went live with mobile sports betting in January last year. Despite some conservative predictions, the market in the state grew exponentially, surpassing all projected revenues, positioning New York among the states with the highest revenues. While legal sports betting across the state helped deliver fresh tax revenue, the increase in problem gambling […]
Casino
October 12, 2023
Steve Cohen Considers Constructing Citi Field Casino
Steve Cohen, the owner of the New York Mets MLB franchise, has plans to construct a new casino next to the team’s home stadium, Citi Field. Cohen hopes that the new property would attract more people to the area. The move would mirror other franchises’ efforts to attract people to their stadiums. During Sportico’s recent […]
Industry
October 12, 2023
NY Casinos and Racinos Unite for Unbiased Seneca Compact
The gaming compact between New York State and the Seneca Nation of Indians, a leading employer that offers jobs for thousands of state residents, is set to expire on December 9, 2023. As time is running out and there are approximately two months until the expiry of the contract, intensive talks continue. While the Seneca […]
Industry
October 4, 2023
NY Regulator Approves Fanatics as the Successor of PointsBet’s License
Earlier this year, Fanatics Betting and Gaming acquired PointsBet’s US assets as the latter company announced its exit from America. The latter company sold its US-facing business for $225 million, which it plans to use to fatten up its cash reserves and pay millions in capital returns to shareholders. In the meantime, Fanatics secured a […]
Casino
October 4, 2023
New York State Races Against Time in Seneca Gaming Compact Negotiations
New York state officials find themselves under increasing pressure to secure a new gaming compact with the Seneca Nation of Indians before the current agreement expires in less than 90 days. Concerns Mount Over Stalled Seneca Nation Gaming Talks State Assemblyman Joseph M. Giglio, representing the 148th District of Western New York, expressed his growing […]
