Month: August 2024
Jerry Jones: Without Sports Betting, Texas Missing Out On Big Revenue
Dallas Cowboys owner Jerry Jones has long supported bringing regulated sports betting to Texas and he recently reiterated that view, noting that the state is missing out on substantial tax revenue by failing to legalize that mobile sports wagering. Dallas Cowboys owner Jerry Jones at an NFL awards show. He says Texas is missing out…
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Deutsche Bank Running $4.3B Funding Deal for Apollo Everi/IGT Buy
German banking giant Deutsche Bank AG is said to be running a $4.325 billion bond/loan deal that will, in part, help finance Apollo Global Management’s (NYSE: APO) recently announced acquisition of Everi (NYSE: EVRI) and International Game Technology’s (NYSE: IGT) global gaming and PlayDigital units. A slide from an Everi Holdings investor presentation. Deutsche Bank…
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DraftKings Buying Microbet Provider Simplebet
DraftKings (NASDAQ: DKNG) said it will acquire Simplebet Inc., a provider of microbetting services, to bolster its suite of in-game betting products. The Simpletbet logo. DraftKings said Wednesday it’s acquiring the microbetting provider. (Image: Simpletbet) Financial terms of the transaction weren’t disclosed. When rumors of the deal surfaced in May, it was speculated that DraftKings…
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Gaming States Continue to Order Offshore Casino Websites to Cease Operations
Offshore casino and sports betting websites that illegally target players in the United States in direct violation of federal and state gaming laws continue to be told by state gaming regulators to cease their operations. Bovada holds no online gaming licenses in the United States but continues to allow people located in the majority of…
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Cherokee Casino at Will Rogers Downs Reopens After Tornado Wreckage
The Cherokee Casino at Will Rogers Downs in Claremore, Okla., reopened Wednesday, three months after a tornado ripped through the complex causing widespread wreckage. A new lick of paint: The Cherokee Casino has reopened despite sustaining significant damage just three months ago, and the Fall Quarter Horse Racing Meet will go on as scheduled, opening…
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Entain Shareholders Sue Over $760M Turkish Bribery Fine
A group of investors in UK-based online gambling giant Entain (OTC: GMVHF) have filed a class-action lawsuit that seeks compensation for damage done to the company’s share price by a bribery probe into its former Turkish operations. Entain, formerly known as GVC Holdings, was accused by UK tax agency HMRC of failing to have protocols…
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Genting NY Casino Bid Could Be Hindered by Las Vegas Controversy, Says CIMB
Genting Bhd’s effort to procure one of the three downstate casino licenses in New York could be damaged by potential regulatory discipline the operator faces in Nevada, according to CIMB Securities. Resorts World New York in Queens. Operator Genting’s hopes of converting the venue to a traditional casino could be harmed by Las Vegas controversies,…
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California Gov. Gavin Newsom Opposes Koi Nation, Scotts Valley Casinos
California’s Democratic governor, Gavin Newsom, has written to the federal government to voice opposition to two tribal casino projects in the heart of the state’s wine country, which he claims “stretch the ‘restored lands’ exception beyond its legal limits.” California Governor Gavin Newsom, above, won’t have the final say on whether the two tribes get…
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Virginia Lawmakers Mull Formation of Gaming Commission Following Expansion
Virginia lawmakers in Richmond continue to study whether the commonwealth should form an agency dedicated to the regulation of commercial gaming. The Joint Subcommittee to Study the Feasibility of Establishing the Virginia Gaming Commission is seen in July 2024. Churchill Downs wants parimutuel wagering to remain under the regulatory scope of the Virginia Racing Commission.…
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Gaming Trade Group Encourages Regulators to Crack Down on Internet Sweepstakes
The American Gaming Association (AGA), the nation’s preeminent trade group representing the interests of the commercial and tribal gaming industries in Congress and across the country, says online sweepstakes deserve more regulatory scrutiny. The American Gaming Association contends that online sweepstakes casinos that allow players to win real money deserve regulatory and legal scrutiny from…
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