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US Hits $66.3 Billion Revenue Record in 2023

Life continues to be good for the American commercial gaming industry as the industry celebrates its third consecutive year of record-breaking revenue. According to the latest numbers released by the American Gaming Association, US-facing operators hauled in an astonishing $66.3 billion in revenue in 2023 between land-based and internet-based play. Thanks to a boom in…

Michigan Prioritizes Fight Against Problem Gambling

The State of Michigan is getting very serious about its efforts to fight problem gambling as regulated sports betting continues to make a large impact on American life. Earlier this week, state officials released the details of the FY2024-2025 budget which included roughly twice as many funds dedicated towards promoting responsible gambling while discouraging illegal…

Former Resorts World Exec Pleads Guilty to AML Violations

Former Resorts World CEO Scott Sibella pleaded guilty this week to charges of failing to report suspicious gambling activity at his company's casinos. The former executive is now facing a sentence of up to five years in a federal prison and a $250,000 fine. Despite his current circumstances, Sibella is optimistic that he'll return to…

Activist Investors Challenge PENN Entertainment

PENN Entertainment is taking heavy criticism from one its biggest investors for "under performance" and alleged mismanagement. The barbs are coming from HG Vora, a hedge fund which oversees more than $7 billion worth of assets including a large portion of PENN. It's a tricky situation for PENN that could significantly alter the company's future…