Kalshi Board Member Brian Quintenz has been nominated by the current US President to chair the Commodity Futures Trading Commission (CFTC). It's a move that will certainly bring positive changes for the event contract business by bringing a most friendly face into a most powerful position. Quintenz was nominated for this same position in 2016…
Does regulated igaming cannibalize customers who would normally be frequenting land-based casinos? Is the mere threat of regulated igaming in an emerging gaming market enough to halt construction plans for land-based casinos entirely? These kinds of nuts-and-bolts and questions were very much on the mind Las Vegas Sands CEO Rob Goldstein during a recent quarterly…
BetMGM is expanding its online gaming portfolio in a significant way with a new deal that secures the intellectual property (IP) rights to the popular game shows The Price is Right and Family Feud. It's a deal that covers slots, table games and non-traditional casino games and is aimed squarely at mimicking the popularity of…
Rush Street Interactive, Inc. is bringing on poker legend Phil Hellmuth to promote its BetRivers online casino and sportsbook brand. As a seventeen-time World Series of Poker winner, Hellmuth is considered one of the best to ever play the game and will certainly be a big-time asset for the Rush Street Interactive and the BetRivers…
Will Texas lawmakers ever move forward on a gaming expansion bill that brings regulated sports betting to the Lone Star State? So far, they've been moving very slowly despite the efforts of big-time cash influencers like Miriam Adelson. Adelson, the widow of Sheldon Adelson and the owner of the Las Vegas Sands Corporation is throwing…
Legendz is launching a slots-heavy social casino across a broad swath of the US market this week. The new social gaming site offers a huge array of online slot machines, table games, and sports betting options for players over the age of 18. Because Legendz is a social gaming site, and not a regulated operator,…
Endeavor is selling OpenBet and IMG Arena to OB Global Holdings LLC in a blockbuster $450 million deal. It's a big move that shows the challenges, and promise, of US-facing sports betting properties. The OpenBet deal is a management buyout that's backed by Ariel Emanuel with the participation of OpenBet CEO Jordan Levin. A management…
The life of a gaming industry executive is nothing if not a tremendous balancing act. In today's market, casino executives must do a delicate dance that involves engaging customers both online and at land-based casinos. Gaming companies that emphasize one of these markets too much are in danger of starving the other. Ignore one of…
In 2023, the US gaming industry spent more on responsible gaming initiatives than it had ever spent in a single year. That’s the main takeaway from a recent study published by the American Gaming Association (AGA). According to the AGA’s research, the US-facing gaming industry spent a mind-blowing $471.8 million in 2023 in its efforts…
When Jaqueline Davis won $3 million playing online roulette at BetMGM in Michigan back in 2021, she thought that her ship had arrived. Her dreams of sudden wealth quickly faded when the operator refused to pay out her jackpot claiming that the game was malfunctioning. The two sides have been battling in court ever since…
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