MGM Resorts is looking to absorb UK operator Entain in a mega-deal that's anything but finalized and could well be the kind of deal that becomes more common as the US sports betting market continues to explode. According to published reports in the UK Guardian and Bloomberg, MGM Resorts is offering $11.1 billion (£8.1 billion)…
Regulated sports betting in the United States is one of the biggest success stories in the gambling industry over the last 12 months. In state after state, regulators are reporting eye-popping revenue numbers that are quite pleasing to the folks at state revenue departments. But the phenomenon of is not isolated to states where legal…
UK operator William Hill is making a major move on the South American online gambling market with its recent purchase of a large stake in BetAlfa, a licensed Colombian operator. It's believed that purchase is just the first step in what appears to be a major effort to plant the William Hill flag in the…
If there was ever a good time to be a regulated sports betting operator in Russia, that time is rapidly passing. That's because late last week, Russian lawmakers moved one step closer to approving a series of laws that will take a major chunk out of the bookmaker's pocket and put it back in the…
As 2020 draws to a close, one thing is for certain - the NFL is a gold-mine for sports betting operators. Even in its hobbled pandemic form, professional American football is dominating handles in markets that serve Americans of any kind. This thought is backed up with recent reporting from our colleagues at CalvinAyre.com suggesting…
When it comes to legislating punishments for black market online gambling operations, most countries settle for heavy fines and possibly some jail time. Operators who run afoul of those laws can expect to walk away with a slap on the wrist most of the time, but that's not the case in Iran. According to a…
During the decades of darkness when regulated sports betting was a genuine long shot wager for the American market, everyone knew that Americans truly loved wagering on sporting events. One need look no further than the thriving black market that existed relatively openly across the country during the prohibition years. While most people assumed that…
One of the biggest challenges for online gambling operators is ensuring that their players can easily deposit and withdraw funds from their accounts. Since a robust credit and debit card industry is in operation in almost every market on the planet, this shouldn't be a big issue for operators...except for the fact that it is…
Few American cities have been harder hit by the ravages of the pandemic than Las Vegas, Nevada. In 2019, the combined casinos of the glittering Las Vegas Strip brought in more than $12 billion worth of economic activity to the city, along with more than 42 million tourists from all over the world. Of course…
Launching regulated sports betting in a new market is a process that's at once complicated, but still relatively simple. After all, though the rules for running a legal sports book vary slightly from state to state, it's all still pretty much the same thing when it comes to posting lines and making payouts. Unfortunately, gambling…
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