Betfair is looking at a May 10 launch for what the company is calling, the first US betting exchange, out of Monmouth Park, New Jersey racetrack. It's a big move for the company and has the potential to shake up the New Jersey online gambling market. The UK-based bookmaker cracked the US online gambling firewall…
The Iowa Tribe of Oklahoma recently received the go-ahead from an Oklahoma judge to launch an online poker site called PokerTribe.com. The tribe's victory comes after months of legal wrangling and represents a major step forward for US tribal gaming interests. At the center of the legal battle was whether hosting an online poker site…
The Connecticut Attorney General is pouring cold water on a new plan to tax daily fantasy sports sites that operate in the state. He's worried that proceeding with the plan could jeopardize the state's current gambling compacts with tribal gaming interests. At issue is a proposal being considered by the Connecticut State Senate to tax…
Unregulated 4D lotteries are big business in Malaysia these days but their wild popularity comes with price. All this offshore lottery action is costing the Malaysian government hundreds of millions in lost tax revenue. 4-Digits (4D) lotteries are a licensed product of a company called Magnum 4D. The lotteries, which are extremely popular in Malaysia…
Michigan lawmakers are considering a new bill regulated online poker bill that comes with a decidedly international, and open minded approach to online gambling. If passed into law, SB 889, the Lawful Internet Gaming Act would set a framework for regulated online poker operators to set up shop in Michigan. The bill also allows…
The sands of the US land-based casino industry are ever-shifting as new markets emerge and player habits change. In recent months, that's meant that casino revenues are up in Las Vegas and Pennsylvania, while Atlantic City continues bleed. Here's a quick look at what's happening in America's three biggest gambling markets. Las Vegas Rising Las…
The bad news just keeps rolling in for beleaguered daily fantasy sports operators, DraftKings and FanDuel. Earlier this week, CG Technology filed patent infringement lawsuits against the two companies in a Nevada courtroom. CG Technology (which used to operate under the name Cantor Gaming) is a longtime provider of sports betting technology and software to…
The Danish government is looking to unload a potentially very valuable piece of online gambling real estate called Danske Spil. Danske Spil is Denmark's state-owned online gambling monopoly and its sale could yield quite a handsome price on the open market. By some estimates, Danske Spil could yield somewhere between $450 million and #600 million…
2015 was a very good year for Atlantic City casinos, despite the storm cloud of budget crises that are currently engulfing the struggling city. According to newly released revenue data from the New Jersey Division of Gaming Enforcement, all eight Atlantic City Casinos were profitable in 2015. It's the first good news Atlantic City's seen…
The recently released Panama Papers may have connections to officials and hangers on at Amaya Gaming, according to an exclusive report by Steven Stradbrooke at CalvinAyre.com. It's also possible that the company's connection to the blockbuster data dump could be a factor in the filing of insider trading charges against Amaya Gaming CEO David Baazov.…
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