Day: August 9, 2024
Mohegan Reports Record Revenue Thanks to Inspire Korea Ramp-Up
The Mohegan Tribal Gaming Authority, operating commercially as Mohegan, formerly Mohegan Gaming & Entertainment, experienced record revenue in the third quarter of the company’s 2024 fiscal year that ended June 30, 2024. Mohegan said in its third-quarter financial report that the opening of Inspire in South Korea at Incheon International Airport helped grow revenue to…
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Ohio Republicans Say Ban on College Player Props Unjustified in NIL Environment
Three Republicans in the Ohio House of Representatives say the state’s ban on college player prop bets is unwarranted in the wake of student-athletes being able to profit from their name, image, and likeness (NIL). The DraftKings Sportsbook in Virginia presents player prop odds on the number of strikeouts each starting pitcher for Friday’s Cleveland…
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DraftKings Surcharge Could Add $270M in Revenue, Says Research Firm
DraftKings’ (NASDAQ: DKNG) recently announced surcharge on winning sports bets in four states could generate up to $270 million in added gross gaming revenue, according to an estimate by Eilers & Krejcik Gaming (EKG). Inside DraftKings’ Nevada office. The company’s surcharge plan could be a revenue generator, but it carries risks, says a research firm.…
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Seneca Nation Presidential Candidate Says New York Deserves No Gaming Money
The Seneca Nation of Indians in upstate New York will elect their next president in November. Whoever replaces President Ricky Armstrong, Sr. will be tasked with carrying on the tribe’s unsettled Class III gaming compact discussions with the state. J.C. Seneca wants to become the next president of the Seneca Nation of Indians. He also…
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Nevada Gaming Regulators Propose Easing Sportsbook Rules for Past-Posted Bets
The Nevada Gaming Control Board (NGCB) on Wednesday unanimously recommended that the state ease its rules on how sportsbooks respond after detecting that they erroneously accepted bets on sporting event outcomes that have already been determined. The Nevada Gaming Control Board has proposed lifting a regulation requiring sportsbooks to gain state approval to cancel past-posted…
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