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Lottery
February 27, 2025
Former Lottery.com CEO Faces Charges for Securities Fraud and Obstruction
The FBI has brought charges against Vadim Komissarov, who used to run Trident Acquisitions Corp. He is facing accusations of securities fraud, obstruction of justice, and lying under oath. FBI officials say Komissarov cooked up a plan to trick investors by pumping up revenue numbers and hiding financial problems. His goal was to push through […]
Industry
February 26, 2025
Mississippi Moves to Raise Casino Taxes amid Online Betting Debate
The ongoing attempts to reshape Mississippi’s gambling landscape could result in a significant casino sector tax hike after the House Ways and Means Committee approved raising the levy from 12% to 16%. The motives behind this proposal lie in the Mississippi Senate’s unsuccessful attempts to legalize online wagering, costing the state significant missed revenues. Mississippi […]
Industry
February 26, 2025
Prediction Markets Grapple with Rising Scrutiny in the USA
Prediction markets are at the epicenter of a growing debate as regulators and industry stakeholders clash over classification and oversight. The American Gaming Association (AGA) has publicly opposed this practice, filing a formal letter to the Commodities Futures Trading Commission (CFTC) on Thursday. AGA requests to join next month’s Washington, D.C. roundtable discussion on sports […]
Business
February 26, 2025
Caesars Publishes 2024 Financials, Considers Divesting Non-Core Assets
American gaming powerhouse Caesars Entertainment has published its Q4 and FY 2024 financials, highlighting stable revenue and an increase in net income, despite a slight decline in adjusted EBITDA. In addition to that, the company announced that it is open to the possibility of selling more non-core assets in order to reduce its debt. Caesars […]
Industry
February 26, 2025
NJ Gov. Murphy Proposes Raising Online Gaming and Betting Tax
New Jersey’s governor is eyeing an iGaming tax hike to address the state’s financial needs. This mirrors proposals in other states, which have also been considering tax increases. Governor Murphy Wants to Raise the iGaming Tax New Jersey has historically been one of the most lenient states in terms of gambling taxes. As one of […]
Casino
February 26, 2025
Sault Tribe Hackers Demand Answer as Cyberattack Aftermath Unfolds
The Sault Ste. Marie Tribe of Chippewa Indians continues its work to get its operations back on track after a crippling ransomware attack on February 9. This cyber strike disrupted Kewadin Casinos and other tribal services leaving many people uncertain while officials tried to regain control of their systems. In an unexpected twist, the hackers […]
Legal
February 26, 2025
DraftKings Wants to Throw Out Privacy Case About Facebook Data Sharing
DraftKings has asked a court to dismiss a case that claims the company broke the Video Privacy Protection Act (VPPA) by sharing user data with Facebook. New York resident Jeffrey Wan filed the case in the Southern District of New York. He says DraftKings tracked how users watched videos and sent this info to the […]
Business
February 25, 2025
US Travel Association Names MGM CEO Hornbuckle National Chair
The US Travel Association has reinforced its board of directors with a major new addition. The new appointee is William “Bill” Hornbuckle, the president and chief executive officer of gaming and hospitality giant MGM Resorts International, who will serve as the association’s new national chair. Casino CEO Was Named National Chair Hornbuckle’s new position was […]
Industry
February 25, 2025
Second US State Considers Banning Online Sports Wagering
Maryland lawmakers are considering a significant overhaul of the state’s gaming landscape with the introduction of Senate Bill 1033, which seeks to ban online sports betting as of 1 January 2026. The bill, spearheaded by Senator Joanne Benson, proposes banning sports wagering while keeping retail sportsbooks. The bill also includes provisions to refund application fees […]
Lottery
February 25, 2025
Texas Lottery Commission Puts Forward Ban on Lottery Couriers
The Texas Lottery Commission has put forward a proposed ban on lottery courier services amid recent controversies. Local authorities have long argued that such products undermine the integrity of the lottery and are akin to online gambling. Lottery Couriers Have Stirred Controversies Lottery couriers are services, which purchase lottery tickets on behalf of players and […]
