MGM Resorts reported an astonishing 53 percent revenue drop in Q4 2020 over Q4 2019 in a recent earnings report. It's another mind-bending number from a year that didn't ease up on the pain even for a moment. But company officials are betting on their sports betting division, BetMGM to save the day and bring…
For a very long time, 5Dimes.com was the classic internet outlaw story. The storied sportsbook defined the offshore sportsbook business and was the go-to site for punters who either couldn't, or wouldn't, access regulated sports betting sites. But all that changed this week when 5Dimes was granted a gaming license by the Isle of Man…
A group of Texas-based professional sports teams are lobbying state lawmakers to move forward with a bill that would legalize Lone Star sports betting. It's a far cry from the days when professional sport team owners and their cronies cried endlessly about how legal sports wagering would be the end of legitimate sports as we…
Gambling regulators in the Philippines are grappling with a problem that is likely relatively unique to their local gaming markets. Officials are blaming a rise in unregulated online cockfighting as the driver behind a recent slump in national lottery ticket sales. But could online cockfighting really be the sole driver behind the drop? Cockfighting is…
Unlicensed gambling operators are a scourge that tempt unwitting UK punters and draw players, and revenue, away from legitimate operators. That's the final conclusion of a recently published report by the UK Betting and Gaming Council (BGC) a gaming industry-funded trade group. The 66-page report titled, Review of Unlicensed Online Gambling in the UK was…
The UK Advertising Standards Authority (ASA) is challenging baseline reason with its recent ruling regarding a completely innocuous Ladbrokes' advertisement. At least two outside parties have spoken out against the ruling and called it out for the absurdity that it is. Back in October of 2020, Ladbrokes aired an advertisement on an on-demand video channel…
It's really hard to overstate what a calamitous year 2020 was for Nevada's casino gaming industry. From a 78-day closure, when no money was coming in, to a public that's still reluctant to travel, there was hardly any good news to be had from the birthplace of modern casino gambling in 2020. Not surprisingly, 2020…
Shares in US sports betting operator DraftKings soared this week as news broke that Ark Investment was adding the up-and-coming stock to its portfolio. Wall Street saw DraftKings' shares spike ten percent on the news and Ark officials say they see nothing but an upside to sports betting and e-sports investing. According to an official…
BetMGM and the Athletic are teaming up on a sports betting content deal that should hit the up-and-coming operator's target market quite nicely. After all, the Athletic has over 1 million paid subscribers and covers more than 300 individual teams. Under the terms of the deal, BetMGM will become the official sports betting partner of…
Regulators at the UK Gambling Commission (UKGC) are hitting White Hat Games with a £1.3 million fine ($1.7 million USD) for failure to comply with anti-money laundering and compliance regulations. It was an unfortunate affair but company officials cooperated with gambling regulators throughout and worked closely with them on the settlement. At the heart of…
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