Month: March 2024
Winning Sports Bettors Being Limited Comes Into Focus in Massachusetts
Sports bettors who win more than they should in the eyes of oddsmakers are often limited or even banned from continuing to wager. It’s a practice that most legal sports betting states permit, but gaming regulators in Massachusetts are weighing whether to change such practices. Circa Sports displays its maximum bets in Las Vegas. The…
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Georgia Sports Betting Efforts Fail Again in Atlanta Capital
Georgia will remain free of sports betting for the foreseeable future. Legislation to legalize sports betting was on the minds of Georgia lawmakers this year, but no bill was ultimately passed. Georgia will remain one of the 12 states that don’t have permitted sports gambling. (Image: Shutterstock) The odds of sports gambling finding favor in…
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DraftKings Would Feel Little Impact from College Prop Betting Ban, Say Analysts
A proposed ban on college proposition wagers would likely have minimal impact on DraftKings (NASDAQ: DKNG), according to sell-side analysts covering the company. Employees at DraftKings headquarters. Analysts say the threat of a ban on college prop bets will have minimal impact on the gaming company. (Image: CNBC) Several analysts chimed in on the matter…
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Magic Palace Casino Montreal Shut Down, Denies Links to Sinaloa Cartel
The Kahnawake Gaming Commission (KGC) has closed down the Magic Palace Montreal and suspended its gaming license as a result of an ongoing money laundering investigation. Luftar Hysa appears on Albanian television, above, to denounce alleged links to the Sinaloa Cartel. The businessman is an “investor” in Magic Palace, according to a legal representative for…
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Petersburg Casino Odds Presumably Improve With Potomac Yard Defeat
The odds of Petersburg getting the chance to ask residents if they support bringing a commercial casino resort to the Virginia city presumably improved on Wednesday. That’s after billionaire Ted Leonsis announced he’s keeping his professional sports teams in Washington, D.C. Billionaire Ted Leonsis announces that he’s keeping his Washington, D.C. professional sports teams in…
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Mississippi Casino Project in East Biloxi in Jeopardy, Jackson Gaming Bill Rescinded
It was a busy week in the Mississippi State Capitol regarding gaming matters. One powerful lawmaker proposed allowing a commercial casino resort in Jackson, while other legislation stands to block a proposed $300 million gaming development on the Gulf Coast. A rendering of the Tullis Garden Hotel in Mississippi includes a replica of the Tullis…
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Three Quarters of Nevadans Support Implementing State Lottery, Polling Reveals
As lotteries continue to see payouts of more than $1B, Nevada residents want some of the action. A recent poll revealed an overwhelming 75% of Nevadans questioned would like to see a lottery in the state. A line for lottery tickets at The Lotto Store in Primm, Nev., pictured above. Nevadans now regularly head to…
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Pennsylvania Skill Games Host Business Sues Philadelphia for Ban Proposal
A convenience store in Philadelphia that has a so-called skill gaming machine has filed a lawsuit against the city. It contends the local government’s intention is to prohibit the controversial grey gaming terminals in most businesses. An unregulated Pennsylvania Skill game is seen inside a Philadelphia bodega. A host business in Philly is suing the…
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Long Island Casino Opponents Love New York Licensing Delays
On Monday, reports surfaced that it’s likely to be late 2025 before the New York Gaming Commission (NYGC) makes decisions on the winners of three downstate casino permits. That’s much to the liking of groups opposing a gaming venue on Long Island. Nassau Coliseum, a proposed site of a Long Island casino. The “Say NO…
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DraftKings, Flutter Hammered by Blumenthal Letter, NCAA Prop Bet Ban Idea
While most gaming stocks rallied, shares of DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) slumped Wednesday. That’s amid concerns U.S. sports betting operators could be subject to increased federal oversight and more regulatory hurdles. NCAA President Charlie Baker speaks at the NCAA Convention on Jan. 12, 2023. His plan to ban prop bets on…
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