Business & Financial
The Athletic Becomes BetMGM's Exclusive Sports Betting Partner in USA
The Athletic, a leading digital sports media company, and BetMGM have agreed to a partnership in which BetMGM has become The Athletic’s exclusive sports betting partner in the United States. Key details of the agreement include the creation of The Athletic Betting Hub, a new content vertical for The Athletic, as well as further in-depth content and product integrations between the two companies.
Without Adelson, Las Vegas Sands Posts $299 Million Loss
Las Vegas Sands Corp. posted a fourth-quarter loss of $299 million, after reporting a profit in the same period a year earlier, as the casino and resort operator saw its business dry up due to the coronavirus pandemic.
Cryptocurrency Trader Charged With Fraudulent Scheme Involving Over $5 Million
AUDREY STRAUSS, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of a Complaint in Manhattan federal court charging JEREMY SPENCE, a/k/a “Coin Signals,” a cryptocurrency trader who solicited funds for various cryptocurrency funds that he operated, with commodities fraud and wire fraud offenses.
Where Can I Bet The Super Bowl Online From Michigan?
State-licensed Michigan online sportsbooks are now live just in time for taking bets on this year's Super Bowl, but remember that the apps trace all your activity and will be reported to the IRS once you meet a specified threshold.
IGT and FanDuel Group Bring Omnichannel Sports Betting to Michigan
International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that its PlaySports platform is powering the recently launched FanDuel Sportsbook mobile app in Michigan, the latest U.S. state to introduce regulated online sports betting and iGaming. I
Does iGaming in the US Market Have a Serious Impact?
With the state of Michigan allowing for legalized online casino games in addition to sports betting, Innovation and Strategy Consultant for the gaming industry, David Sargeant, posed the question: Does igaming make a difference?
Bally's Acquires Monkey Knife Fight Fantasy Game Platform
ATLANTIC CITY, N.J. (AP) — Bally’s continued its acquisition juggernaut Monday, acquiring the daily fantasy sports company Monkey Knife Fight in an all-stock transaction that further widens the fast-growing company’s drive to add casino, online sports betting and media companies.
Providence, Rhode Island-based Bally’s becomes the third U.S. sports betting company to have a daily fantasy sports component, along with DraftKings and FanDuel.
North Carolina, Catawba Tribe, Ink Deal That Will Bring Vegas-Style Gambling
North Carolina’s governor has signed a revenue-sharing agreement with the Catawba Indian Nation that clears the way for Las Vegas-style gaming to be offered at a planned resort in Kings Mountain, officials said.
FanDuel Group Brings FanDuel Sportsbook & Casino to Michigan
FanDuel Group, in collaboration with MotorCity Casino, officiallylaunched a fully integrated, real money online gaming experience for residents and visitors to the state of Michigan Friday January 22, 2021.
Challenges in Starting Your New Online Casinos
Online casinos are a reality and are here to stay. They simply offer more than land-based casinos and are much more fun to enjoy. New online casinos are popping up on the Internet every week, so many people believe it’s easy to start one. However, launching a new online casino is a logistics nightmare.
Can't Bet the Cavs From Virginia
Sports betting officially launched in the commonwealth of Virginia Thursday, courtesy of FanDuel. You just can't bet your beloved Cavaliers there. A number of offshore sportsbooks the likes of BetUS are still accessible from Virginia and do take bets on the Cavs, so no worries there.
Bitcoin Slumps 10% as Pullback From Record High Gathers Pace
Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation.
Indiana Casino Bigwig Fights State Over Ouster Order
A longtime heavyweight in Indiana’s gambling industry is fighting state regulators’ attempts to force him to give up his stake in a Lake Michigan casino and a $300 million new casino project in Gary.
Rovell Claims Barstool Sports "Making History" With 19.1 Hold Percentage
Action Network's Darren Rovell claimed Tuesday that Barstool Sportsbook "made more money from their bettors per dollar than any book in history" last month. He noted they were third in overall action in the Keystone State of Pennsylvania.
Online Gambling Kicks Off in Michigan Friday
In-state licensed sportsbooks and online casinos can now begin taking bets from Michigan residents and visitors beginning Noon Friday.
House Wins Big With Bucs But Hopes They Don't Win Super Bowl
Dave Mason of BetOnline confirmed Sunday that much of the money on the late Sunday game between Tampa Bay and New Orleans was on the Saints.
Bragg Gaming Launches With Betway
ORYX Gaming, a Bragg Gaming Group company ( TSXV: BRAG, OTC:BRGGF ), announced today that its entire RGS portfolio has gone live with leading global online sports betting and casino operator Betway via their market-leading ORYX Hub platform. Betway is licensed in several key jurisdictions.
Payments Crucial to Ongoing Growth of US Online Sports-Betting Market
Quickly and easily receiving payouts of winnings is the most important factor for U.S. sports bettors when selecting an online sportsbook, and prioritized by 37% of players, according to research released today by Paysafe, a leading integrated payments platform. The latest All the Ways Players Pay report also suggests that offering digital wallets and other alternative payment methods allows sportsbooks to overcome the challenge of card declines.
Casino Billionaire, GOP Mega Donor Sheldon Adelson Dies
LAS VEGAS (AP) — Sheldon Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness.
5 Ways to Improve How You Run Your Online Sportsbook in 2021
If you run your own online sportsbook, Gambling911.com presents five ways to improve how you do so and increase profitability, courtesy of our friends at PricePerPlayer.com.
Six Biggest Casino Trends to Look Forward to in 2021
As 2020 proved, a lot can happen in one year. What’s more, many businesses aren’t designed to thrive for long in case of a pandemic or major economic downturn. However, people are always willing to try new things to have fun, make money and spend their time.
Can I Place a Bet on the FanDuel App Outside of New Jersey
The new FanDuel sports betting app is available to everyone though actual real money bets can only be placed while in the state of New Jersey.
Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally
Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low
5 Top Online Slot Games for 2021
YggdrasilCasino.com has pushed the boundaries as one of the world's leading online slots providers as the global coronavirus pandemic rages on but hopefully burns out in 2021
Tennessee Panel OKs 5th Online Sportsbook Operator
A Tennessee panel conditionally approved a license for a fifth sportsbook operator Wednesday under the state’s online-only sports betting program.
Bitcoin Hits $40,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion
Bitcoin smashed through $38,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues, then the $39,000 mark just prior to 11 am ET, and by afternoon the price peaked at $40376.
PayPal Backs Crypto Tax Startup Taxbit
PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.
US Sports Bet Revenue Could hit $3B in 2021; NY Backs Mobile
On a day when New York’s governor did an about-face and embraced mobile sports betting as a way to deal with financial losses stemming from the coronavirus pandemic, a company that tracks gambling legislation and performance predicted that revenue from legal sports betting could reach $3.1 billion in 2021 and as much as $10 billion within five years.
BetAmerica Sportsbook to be Absorbed Into TwinSpires
Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today it will move to a single brand strategy for its online wagering segment by rebranding the Company’s sportsbook and iGaming platform as TwinSpires.
GAN Limited Completes Acquisition of Coolbet
GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gaming software-as-a-service solutions to the U.S. land-based casino industry, today announced the completion of the Vincent Group p.l.c. (“Coolbet”) acquisition for a total purchase price of €149.1 million (or $175.9 million) 1 in cash and stock, as adjusted pursuant to the Share Exchange Agreement.
