Business & Financial
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.
Bitcoin Crosses $30K Mark First Time Ever
Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method.
Bitcoin Climbs Over $29K
Bitcoin, the digital currency preferred by online gambling sites in restrictive markets, has shot to 29,230.10 Wednesday evening.
William Hill Launches Washington D.C. Mobile Sports Book
William Hill US, America’s leading sports book operator, today launched its William Hill Sports Book App in Washington D.C., following approval of the D.C. Office of Lottery and Gaming. Available for use within a two-block radius around Capital One Arena (excluding federal buildings), the William Hill mobile app offers sports fans a betting experience with a broad and deep array of markets and bet types, including Parlay Cards and live InPlay wagering for their favorite teams, all at a tap of a finger. The app also includes a quick and secure registration process and various options to deposit and withdraw funds.
VSiN and iHeartMedia Announce Wide-Ranging Multimedia Partnership
VSiN, The Sports Betting Network, today announced the expansion of its partnership with iHeartMedia to significantly increase its audio reach. As part of this wide-ranging multimedia partnership, on Jan. 1, 2021 VSiN will move its dedicated streaming radio station to iHeartRadio, the leading all-in-one free digital music, streaming radio and podcasting platform, bringing VSiN’s unique coverage of the sports betting markets to more listeners than ever, completely free for the first time.
Can I Bet on MyBookie.ag From Florida
You can bet on MyBookie.ag from the Sunshine State but there are so many other great choices from Florida. How about a sportsbook that allows you to open a betting account with just an email anonymously and pays in a matter of hours?
Tennessee Saw $131M in Nov. Sports Bets; $2.4M Tax Revenue
Tennessee’s new online-only sports betting program saw $131.4 million in gross wagers last month, yielding almost $2.4 million in privilege taxes for the state, officials said Wednesday.
Bet the Price of Bitcoin
With Bitcoin surging again BetOnline is now offering odds on where the price of the digital currency will finish in 2020. If you believe in their numbers, go buy a couple of coins right now.
How COVID Changed the Landscape for Land-Based Casinos in 2020
Casinos were among the many businesses that were hit hard by the devastation caused by the COVID-19 pandemic in 2020. For many, it has been a stop-start year. Many establishments have been constantly closing and reopening their venues, whereas others were forced to shut down permanently as the pandemic hammered their revenues. For the industry, it has been a very challenging 12 months.
Can I Bet on the FoxBet App From Indiana?
In partnership with an Indiana casino, Fox Bet is in the process of launching apps and online sports betting in the Hoosier State.
