Month: October 2024
Sports Betting M&A to Be Driven by New Products, Tech, Says Expert
Mergers and acquisitions activity in the North American sports betting industry has been brisk this year with operators making buys to add technology and exposure to new arenas. The famous charging bull on Wall Street. Investment bankers could be busy with sports betting mergers and acquisitions in 2025. (Image: Reuters) At least one expert believes…
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Circa Sports Could Add California to Expansion List
Circa Sports is taking its usual pragmatic, thoughtful approach to expanding into new states, but a surprise jurisdiction is on the company’s radar: California. Circa Sports owner Derek Stevens at one of the company’s sportsbooks. He said the operator would be interested in running a retail sportsbook in California. (Image: Jeff Scheid/Nevada Independent) In an…
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Beloit Casino Resort to Break Ground, as Hard Rock Rockford Starts Strong
Construction on a $405 million casino resort in Wisconsin’s Beloit will start later this month. The Ho-Chunk Nation in Wisconsin plans to break ground on its Beloit casino later this month. The project is a $405 million endeavor. (Image: Ho-Chunk Nation) One of six federally recognized tribes in the Badger State, the Ho-Chunk Nation says…
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Hard Rock Could Work with DraftKings, FanDuel in Florida
Hard Rock International currently holds a monopoly on regulated sports betting in Florida, but Chairman Jim Allen said the tribal gaming giant could consider working with industry leaders DraftKings (NASDAQ: DKNG) and FanDuel in the state. A screenshot of the Hard Rock Sportsbook. Florida’s lone regulated sportsbook operator signaled a willingness to potentially work with…
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IRS Cracks Down on $13B in Unreported Gambling Winnings
After an audit revealed that Uncle Sam may have let more than $1 billion in income tax on recent casino jackpots go uncollected, the IRS is cracking down on the oversight. And one of Las Vegas’ most recognizable casino gamblers finds himself in the crackdown’s crosshairs. The IRS form W-2G is issued for every slot…
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Wynn Resorts Lands UAE’s First Casino License
Wynn Resorts (NASDAQ: WYNN) confirmed it has been granted the first commercial casino license in the history of the United Arab Emirates (UAE) and the Middle East at large, paving the way for Wynn Al Marjan Island to include a gaming venue. A rendering of Wynn’s UAE casino hotel. The gaming company said UAE regulators…
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Florida Gaming Regulators Seek Vendor to Help Develop Responsible Gaming Program
The Florida Gaming Control Commission (FGCC) is looking for a partner to help develop a program to prevent compulsive and addictive gambling in the Sunshine State. Seminole Hard Rock Hotel & Casino in Hollywood, Fl. The Florida Gaming Control Commission is seeking a partner to develop a program to combat problem gambling in the Sunshine…
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Alaska Tribe Clears Land in Anchorage for State’s Second Casino
Alaska’s Eklutna Tribe has begun clearing land for what it hopes will become Alaska’s second casino, The Anchorage Daily News reports. Aaron Leggett, president of the Native Village of Eklutna, said the tribe still faces hurdles in its long quest to open a modest gaming facility, but it has also never been closer. (Image: Chris…
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