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Industry
March 5, 2025
SPGA Says New York’s Proposed Sweeps Ban Would Hurt Small Businesses
The Social and Promotional Games Association (SPGA), an industry body promoting a responsible sweepstakes sector and championing the rights of the sweepstakes industry, has responded to New York’s mulled sweepstakes ban. The association firmly opposed the measure, arguing that it would hurt smaller businesses in the state. SB 5935 Seeks to Put an End to […]
Poker
March 5, 2025
Poker Pro Passes Away During Dallas Tournament
A professional poker player has tragically passed doing what he loved at a tournament in Texas. Mark Toulouse, also known as “Doc” collapsed at the table and was rushed to a hospital where he passed away. The Player Suffered a Heart Attack Toulouse was competing at the $300 NLH tournament at the Texas Card House […]
Industry
March 5, 2025
NJ Proposal Would Ban Public Colleges from Betting Deals
Many states across the United States currently prohibit wagering on college sports competitions. Fears about the impact of betting on young athletes and potential concerns related to addiction are among the main reasons why some states considered such a ban. New Jersey, one of the states that has a robust gambling sector, offering online sports […]
Industry
March 5, 2025
New Jersey Lawmakers Divided on Proposed Gambling Tax Hike
New Jersey is another US state where lawmakers are considering increasing gambling taxes. Late last month, Gov. Phil Murphy pitched a gambling tax hike, proposing an increase on the levy applicable for online gaming and sports betting. While most lawmakers oppose increasing taxes, one Democratic Senator spoke in favor of the proposed gambling tax increase. […]
Industry
March 5, 2025
Woman-Owned Business Is Spearheading HHR Efforts in Maryland
Alyse Cohen, the owner of the Long Shot’s off-track betting facility (OTB) in Frederick, Maryland, is championing the legalization of Historic Horse Racing machines at OTBs in the state. As someone who’s been a part of the OTB sector her entire life, she recognizes the importance of diversifying the products offered in such facilities. Cohen […]
Industry
March 5, 2025
Gambling Loss Tax Deduction Bill Advances in North Carolina
A bill, proposing a gambling loss income tax deduction, is making its way in North Carolina. The proposal, which was introduced near the end of January this year, recently received bipartisan support by a House committee. House Bill 14 Receives Bipartisan Support The bill, titled “Gambling Losses Tax Deduction” seeks to enable North Carolina residents […]
Industry
March 5, 2025
Prediction Market Kalshi Ordered to Cease and Desist in Nevada
Kalshi, one of the fastest-growing prediction markets in America, has hit a major roadblock in Nevada where it was ordered to cease and desist. Despite seemingly warming up toward such products, the US has yet to regulate them properly and some markets, regulators, and industry stakeholders remain opposed to them. Kalshi Ordered to Exit Nevada […]
Industry
March 5, 2025
YouTube Enhances Rules on Betting and Casino Content
Newly announced policies by YouTube are going to crack down on gambling and related content, specifically targeting the promotion of “unapproved” gambling websites. While details regarding the new policies emerged Tuesday this week, their implementation is expected to be completed in mid-March. YouTube Overhauls Gambling-Related Policies Since 2018, when the US Supreme Court struck down […]
Business
March 5, 2025
BetMGM Announces Layoffs Amid Growing Market Challenges
BetMGM, a top player in the online gambling world, has said it will cut 83 jobs at its main office in Jersey City, New Jersey. The job cuts will start on May 27, as the company deals with slower growth in sports betting and tougher competition from other betting firms. BetMGM Adjusts Strategy as Sports […]
Industry
March 4, 2025
Bally’s Hits Roadblock in $250M Chicago IPO
Bally’s bid to raise $250 million in an initial public offering (IPO) for its highly anticipated Chicago casino project has hit a significant roadblock. The setback has delayed the company’s inclusive equity commitments and fundraising goals, further complicating an already ambitious $1.7 billion development plan in River West. Chicago Mandated at Least a 25% Minority […]
