The good times continue to roll for Nevada gaming operators who reported a record $14.8 billion in revenue for 2022. That's up slightly more than 10 percent over 2021's $13.4 billion haul, which set the previous record for annual gaming revenue. It's a sweet ride, but can it last? December's gaming revenue put a bow…
A recent meeting of the New York Senate Racing, Wagering, and Casino Committee turned into a gripefest by big-time operators like DraftKings and FanDuel. The operators strayed from the meeting's agenda with extended complaints about the state's sky-high 51 percent tax, and threatened to take out their feelings on consumers with threats of increased juice.…
888 CEO Itai Pazner is exiting the company in the wake of an internal probe revealed anti-money laundering (AML) and Know Your Customer (KYC) failings related to Middle Eastern VIP players. Pazner has not been accused of any personal wrongdoing in the matter, though the story is developing. Pazner's departure is the first bit of…
Executives at the Las Vegas Sands (LVS) see a potential expansion into the recently opened New York gambling market as a game-changing opportunity. LVS Chairman and CEO Rob Goldstein recently talked at some length about the company's efforts to secure a coveted New York gaming license and its plans for the site that now houses…
A recent survey conducted by the University of Houston found some Texas-sized support for regulated sports betting and casino expansions. It's another sign that residents of the Lone Star State want more regulated gambling in their lives, but that's not something the state's authoritarian leaders are interested in providing. The survey, conducted by the Hobby…
December 2022 was a really good month for operators of unlicensed gaming sites. That's the conclusion of a recent report from the UK Betting and Gaming Council (BGC), a trade group representing licensed operators. According to the study, which was conducted by Yield Sec, visits to illicit sportsbooks by UK residents more than tripled during…
Fanatics Betting and Gaming made a bit of history this week when it opened the first retail sportsbook located in an NFL Stadium. The Fanatics Sportsbook at FedExField in Maryland, home of the Washington Commanders, is also the latest example of how the NFL's embrace of regulated sports betting flies in the face of decades…
Bally's is cutting 15 percent of its interactive workforce as legacy operators continue to adjust their staff size, and business models, to the realities of a very competitive marketplace. It's a move that reflects the realities of trying to do business in the chaotic post-pandemic world. Bally's announced the restructuring plan in filings made with…
The movement to expand Texas gaming law to include urban casinos and regulated sports betting picked up a significant supporter this week when Dallas Cowboys owner Jerry Jones lent his support to the campaign. Jones joins a growing chorus of lawmakers and other Texans who are hoping Texas can join the tidal wave of regulated…
Regulated casino gaming is coming to New York City and one of the city’s best known merchants is looking to get in on the action. Late last week, Richard Baker, executive chairman and chief executive of HBC (Saks’ corporate owner) shared plans to create a luxury casino attached to the store’s flagship Midtown Manhattan store.…
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