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Chav Vasilev
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Light & Wonder Looks to Spend $422M Re-Acquiring Its Recent Spin-Off SciPlay
Online casino supplier Light & Wonder (LNW) has announced a formal offer to take social casino developer SciPlay back in-house. SciPlay started as a social gaming division of LNW, but the latter spun it off as an independent company in 2019. Even so, LNW still owns 83% of SciPlay and would like to acquire the […]
Illinois Gaming Board Grants a Mob-Related Man a Gaming License
Here’s a question for the Illinois Gaming Board (IGB). How can a man connected to organized crime be granted a gaming license? At first glance, there is nothing unusual about Jeffrey Bertucci, who operates six video gaming terminals (VGTs) in his Steak ‘N Egger franchise in Cicero, Ill. However, records show that in testimony, Bertucci […]
Is Shaq Playing a Losing Hand? WynnBet Ambassador Allegedly Avoids Crypto Case Summons
Shaquille O’Neal, mostly known as Shaq, is famous for his success in basketball, business, and TV. However, the WynnBet brand ambassador’s involvement with the infamous defunct crypto exchange FTX may land him in hot water. Shaq has allegedly been avoiding his court summons in the FTX court case. Because FTX was not registered in the […]
Bally’s Announces Improved Q1 Results, Management Changes & New Partnerships
Bally’s Corporation seems closer to finding its way with improved financial results in Q1 2023, a management shake-up, and new partnerships to improve Bally Bet. The company has also struck a deal with the Oakland Athletics which will make their new home on the lot occupied by the Tropicana after their move to Las Vegas. Those […]
As CS2’s Release Date Approaches, is Valve Doing Enough to Combat Skin Gambling?
Counter-Strike Global Offensive (CS: GO), one of the world’s most popular video games, periodically comes under fire for the way its in-game purchases provide the basis for a form of unsafe, unregulated gambling known as skin gambling. At peak times, there can be over one million users playing CS:GO simultaneously. Now, with a sequel coming, skin gambling […]
Fanatics Follows Through on Expected PointsBet Acquisition
Sports apparel company Fanatics has agreed to purchase the US assets of Australian gaming operator PointsBet. The deal is worth $150 million in cash, pending investor and regulatory approval. Currently, Fanatics is beta-testing an online sportsbook in Ohio and Tennessee. Additionally, it operates a retail sportsbook in Maryland and has a license in Massachusetts, where […]
MSG Sphere: Will the Payoff be Worth the Investment?
Sphere Entertainment Co. is projecting even more cost overruns for the MSG Sphere, set to open in Las Vegas later this year. Its latest quarterly financial results show that the company has spent $2.08 billion on the project, which is 73% more than the original budget. That initial $1.2 billion projection has been upped repeatedly. As […]
Colorado House Controversially Passes Casino Line Of Credit Bill After Last-Minute Vote Switch
In a controversial and surprising sequence of events, the Colorado House passed a bill allowing casinos to offer lines of credit to customers. SB23-259 had seemed to fail with a vote of 31-34, but one “nay” voter requested a do-over. The bill then passed narrowly by a margin of 33-32. That led to an uproar […]
Bally’s Two Steps Closer to Realizing Its Chicago Casino Project
Bally’s upcoming Chicago casino resort is a major project, but the company has taken two significant steps forward. It has begun hiring for roughly 700 positions at its temporary location, which it expects to open in July. Meanwhile, Bally’s has reached a deal with the Chicago Tribune to vacate the printing facility currently occupying the […]
Connecticut Players Will Soon Be Able to Play Interactive Slots By White Hat Studios
White Hat Studios has expanded its reach into a fourth US state, Connecticut. The slots developer earned its license from the Connecticut Department of Consumer Protection this week and can soon roll out its games with one or both of the Nutmeg State’s online casinos. White Hat is known for feature-rich slots, progressive jackpots, and branded content. […]