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Casino
December 2, 2020
Richmond Asks For Residents Feedback on Potential Resort Casino
Richmond residents will be able to share their opinion on the city’s potential resort casino until December 14. In a referendum on the November 2021 ballot, voters will decide if they approve the city’s chosen casino operator and location. Richmond Seeks Successful Proposal Richmond, Virginia’s capital city, has launched a survey asking residents to consider […]
Business
December 2, 2020
888 Surges 90% in the US, Posts Better-Than-Expected Results
After strong first three quarters, 888 has revised its profit and revenue expectations for 2020, with the company expecting a 45% yield year-over-year. 888 Adjusting Profit and Revenue 888 Holdings has been reporting an optimistic outlook for its operations in 2020. The company has readjusted its revenue forecast owing to improving customer acquisition and successful […]
Casino
December 1, 2020
Will Local Clients Help Las Vegas on Its Way to Recovery?
Impacted by the COVID-19 pandemic, the gambling capital of the world, Las Vegas is on its way to slow recovery. While the levels of air and land traffic are yet to increase, it may be the local gamblers in Las Vegas that can help the operators keep afloat. The Pandemic’s Impact on the Gambling Capital […]
Legal
December 1, 2020
Michigan Senator Announces Possible Online Casino Launch in December
Michigan casinos might soon be able to launch their sports betting and iGaming offerings, pending lawmakers’ potential approval on December 1. Michigan’s Legislative Process Coming to an End With a possible final vote this Tuesday, Michigan lawmakers are expected to approve a new bill allowing state casinos to launch sports betting and online gambling operations, […]
Business
November 29, 2020
Clark County Utilizes Reserve Fund for Staduim Bond Payment
Officials in Clark County, Nevada, announced they had to tap the reserve fund related to the General Obligation Stadium Improvement Bonds for more than $11.5 million to make the outstanding bonds interest payment of $16 million. General Obligation Stadium Improvement Bonds Series 2018 To help lure the National Football League (NFL) franchise the Raiders from […]
Business
November 29, 2020
Paysafe Taps Scot McClintic for SVP iGaming Product and Strategy
Expanding into the United States iGaming market, Paysafe has added Scot McClintic as SVP iGaming Product & Strategy. McClintic will help spearhead the company strategy in the quickly expanding iGaming and sports betting segments in the country. Scot McClintic Heads Paysafe iGaming Expansion Strategy Paysafe Group is making a definitive shift towards the iGaming space, […]
Business
November 28, 2020
Miomni to Introduce Its New Exchange Platform for the U.S. Market
Miomni Gaming, the mobile sports betting provider, announced that in 2021 it will launch its innovative exchange platform “MiOffer” for the U.S. market. The new exchange program is risk free and will increase market transparency. Miomni to Launch an Exchange Platform for the U.S. Market in 2021 U.S. Mobile Sports and Race wagering provider Miomni […]
Sports
November 28, 2020
Sports Betting to Offer Relief to State Coffers Amid Pandemic
Strained by the coronavirus pandemic, state coffers across the US are poised to receive some welcome relief from an unlikely source – the sports betting industry. After six months with few sporting events, betting rebounded in the third quarter, generating $352 million in revenue or 47% more than the same period last year, Bloomberg reports. […]
Industry
November 27, 2020
Nevada’s October Gaming Down 19.5% YOY, Betting Soars
Nevada’s gaming revenue was still down 19.5% year-over-year in October, but it posted better results than September 2020. Meanwhile, sports betting handle has been beating all expectations. Nevada Posts Decline in Gaming, Improves MOM The State of Nevada has posted a moribund October with gaming revenues shrinking down by 19.5% year-over-year, but the Silver State […]
Industry
November 26, 2020
Risk of Developing Gambling Addiction in Texas Increases
Gambling activities in Texas are increasing during the period of uncertainty caused by the virus outbreak and spread, the executive director of an association claims, pointing to the risk of gambling addiction increase. Gambling Cannot Solve Financial Issues Janet Miller, the executive director for the Louisiana Association on Compulsive Gambling said there were more calls […]