Colorado's sports betting operators are experiencing the full highs and lows of an extremely cyclical market. According to numbers released recently by the Colorado Department of Revenue, February's sports betting revenue was down significantly compared with last month and last year. But with red-hot professional basketball and hockey teams headed for post-season play, those same…
A Blackhawk, Colorado casino cashier quietly pulled off the largest casino heist in state history by simply throwing bundles of cash in a box and walking out the door. Sabrina Eddy, 44 is accused of pilfering $500,000 of the Monarch Casino's money during her shift on March 12 and dropping the cash into her gold…
When it comes to wagering, American players go absolutely crazy for March Madness. That's the conclusion of a recent press release from the American Gaming Association (AGA) regarding the NCAA Men’s Division I Basketball Tournament aka March Madness. According to the AGA's predictions, some 68 million Americans will wager a combined total of $16 billion…
Caesars Entertainment is stepping up its rewards program with a new partnership with Bakkt Holdings, the creator of a platform for buying and selling digital assets. The new partnership allows Caesar Rewards members to redeem their points through the Bakkt Crypto Rewards program. This creates a future where points earned spending lavishly at Caesars Palace…
The action on any casino floor is meant to be intense and continuous, but that's not always how it works out. Thanks to a 1977 law requiring operators to fill out a W-2G tax form on any winning play over $1,200. But a group of lawmakers, led by Nevada Rep. Dina Titus (D) are pushing…
The Seattle Kraken and Muckleshuck Indian tribe made NHL history last week when they announced that the tribe's logo would be appearing on the hockey team's sweaters. This marks the first time that an an NHL team has partnered with an Indian tribe on a sponsorship patch. Though the deal has much in common with…
US-facing sportsbook operators are gearing up for the NCAA Men's Basketball Tournament (aka, March Madness) and, according to a recent survey conducted by VegasOdds, this year's tournament could produce a massive $6 billion handle. The results of the survey highlight the highly cyclical nature of the US market, and provides some insight into the collective…
Penn Entertainment has completed its acquisition of the highly successful sports media/sportsbook operator Barstool Sports late last week. The deal caps a three-year partnership that saw Barstool greatly extend its reach to the US betting public, while upping its value to Penn Penn Entertainment. Barstool has been around since 2003 when it was founded by…
Those ubiquitous ads for sportsbooks and offers of "free bets" could be a thing of the past if Rep. Paul Tonko (D-NY) has his way. If passed into law, the Congressman's Betting on our Future Act would ban nearly all forms of sportsbook advertising, treating them the same way as tobacco and other dangerous products.…
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…
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