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After Q1 Results, DraftKings Expects To Break Even On Adjusted EBITDA Basis
DraftKings released its Q1 financial results last week. The company generated $770 million in revenue for the quarter, representing 84% growth year-over-year. However, DraftKings still suffered a bottom-line loss of $397.1 million, or $0.87 per share. CEO and co-founder Jason Robins said the losses are part of the long-term strategy and told investors that the […]
Does The State Monopoly Model Work For Online Gaming?
Regulated gambling jurisdictions fall into two broad categories: state monopolies and multi-license systems. Once popular, the state monopoly model now seems to be falling out of fashion. In a state monopoly, the law prohibits all gambling except that under the direct control of a government agency. Gambling companies can be involved but only as a […]
As the Oakland A’s Move to Vegas, How Will a Local Baseball Team Affect Casino Business?
The Oakland Athletics (or A’s) have finally found a site for their new ballpark in Las Vegas, close to the Strip. The news excites many locals, from baseball fans to business owners. Moving the team may also be a significant benefit for the casino industry. Adding another major league franchise will undoubtedly boost the local […]
Canadian Police Believe a Single Suspect Laundered $4 Million Through Ontario Casinos
A Canadian man is accused of money laundering amounting to $4 million (US $2.9 million) at multiple Ontario casinos. According to court documents, Branavan Kanapahipillai made a series of buy-ins and withdrawals over the past few years without recording any significant gambling activity. His attempt to buy $100,000 in chips at a Niagara Fallsview casino […]
Basketball Slots Online 2023
Another Push For An Online Lottery In Massachusetts
Provisions for an online lottery in Massachusetts are included in a $56 billion budget bill for 2024. Massachusetts House representatives approved the budget on April 26. The bill now moves to the state’s Senate, which rejected the similar inclusion of an iLottery in the budget last year. House Democrats estimate that adding an online lottery will generate […]
PlayUp Settles With OCCC, Agrees Not To Pursue Ohio License for Four Years
Australian-based PlayUp has reached a settlement with the Ohio Casino Control Commission (OCCC) after the latter denied its sports betting license application. Under the settlement terms, PlayUp has agreed to pay $120,000 in fines and refrain from re-applying for an Ohio gaming license for four years. The fines consist of a $90,000 payment to the state […]
Best Ice Hockey Slots
Hockey is one of the most action-packed sports, making ice hockey slots a no-brainer for fans of real money slots – and those actively watching the ups and downs of the NHL Stanley Cup odds. Get in on the action by playing the best ice hockey slots at the best online casinos. All of these […]
MGM Resorts Renews Nevada Interactive License But Regulator Questions Delays
The Nevada Gaming Control Board (NGCB) unanimously recommended the approval of an extension to MGM Resorts International’s interactive gaming license. MGM is one of several companies holding but not using such licenses in the state. Regulatory board members typically grant the waivers but have also begun expressing impatience with the delays. Although Nevada lawmakers passed […]
WynnBET Casino Adds 7 New Slots in April 2023
WynnBet Casino is one of the top legal online casinos due in large part to its over 700 games. Available in Michigan and New Jersey, new WynnBET slots number among the most in the country – and the number keeps going up. Players can find titles from all the top developers, including IGT, Netent, Playtech, […]