Author: Brian Carlton

There’s one key part missed in coverage of the DraftKings IRS memo. This is not a legal document, this is legal advice. The July 23 memo, which just got released in late August, involves one IRS lawyer giving his perspective to another when asked. No, this doesn’t immediately cause any type of law to go […]

A lack of major sports didn’t hurt DraftKings during the second quarter. Gamers simply found new things to bet on, said DraftKings CEO Jason Robbins. Speaking during Friday’s second quarter earnings call, Robbins pointed to the company’s sports betting launch in Colorado and Illinois, as well as iGaming in West Virginia as key drivers. But […]

It’s been a good month for MGM International. After a second quarter that saw the company’s revenue drop 91 percent, MGM is in recovery mode thanks to a recent series of deals. The latest came Aug. 11, when technology giant InterActive Corp purchased 12 percent of MGM’s stock in a $1 billion sale. Before that, […]

For the first time since January, tourists from mainland China will be able to visit Macau starting later this week. The news, announced in a Monday press conference, sent some U.S. gaming stocks soaring to their highest levels in more than a month. Companies and traders reacted to what they saw as possibly the first […]

If all goes according to plan, a new $300 million casino will open its doors in North Carolina next summer. The Catawba Nation broke ground on the property last month, located in the southern part of the state near Kings Mountain. If the doors open as planned in 2021, gamers won’t see the finished product. […]

A new partnership will help one Illinois casino expand its reach. On July 23, Casino Queen announced the company will rebrand as part of a deal with DraftKings. In many ways, the deal mirrors one signed earlier this year between Penn National and Barstool Sports, with one key exception. Officials from both Casino Queen and […]