Legal Gambling News, Updates, and Analysis

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Iowa Online Casino Bill Hearing Primarily Populated by Opponents

Opponents were the primary speakers during an Iowa online casino bill hearing on March 21. The 20-minute-long hearing for HSB227 included representatives of brick-and-mortar casinos who speculated that iGaming would cannibalize revenue [...]

Michigan Close to Besting New Jersey in Per Capita Online Casino Revenue

New Jersey has always been the top-performing online gambling state in per capita terms, but that may be about to change. Michigan online casinos and poker rooms won just under 53 [...]

BetMGM, Caesars Sportsbook Class Actions Say That ‘Free’ Bets Actually Cost Money

BetMGM and Caesars Sportsbook face similar class action suits in federal court in New York, alleging “untruthful and deceptive promises.” The complaints involve promotions by the two online sports betting [...]

New Hampshire Online Casino Bill Only Realistic Hope for 2023 iGaming Passage

US online casino industry leaders may be crossing their fingers while watching Senators vote on March 30 on a New Hampshire online casino bill. SB104‘s sponsor, state Sen. Timothy P. [...]

New York Online Casino Bill Unmentioned in Addabbo Statement About Budget

As promised, state Sen. Joseph P. Addabbo Jr. stopped talking about his New York online casino bill after it wasn’t included in the $233 billion state budget. On March 17, [...]

Hard Rock, Playtech Announce Partnership as the Gambling Giants Look to Expand

Playtech has acquired a “low single-digit minority equity stake” in Hard Rock Digital (HRD) for $85 million as part of a strategic partnership. HRD is the interactive division of Hard [...]

Evolution Q&A With Bonus: Jacob Claesson on Online Casino Live Dealer

Evolution is best known in the US for supplying live dealer studios and croupiers to online casino gambling sites. Bonus gained insight from Evolution’s North American CEO, Jacob Claesson, about [...]

TheScore Bet Launches on Desktop in Ontario as Coolbet Takes a Bow

Ontario gamblers can now access theScore Bet via its familiar app and online. The change comes after the Toronto-based brand released a desktop version of its popular Ontario online casino [...]

Downstate New York Casinos a Pot of Gold for Lobbyists, Consultants

It could be years before the first shovel breaks ground on any of the three proposed downstate New York casinos. Yet, the ​​business of casinos already has money flowing as [...]

Minnesota Activists Call for Data-Sharing to Fight Problem Gambling

As a sports betting bill is progressing through committees in Minnesota, the Minnesota Alliance on Problem Gambling (MAPG) is calling for information sharing to help gaming addiction. The current bill [...]

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Game & Bonus Highlights

Elections

PredictIt Temporarily Safe as CFTC Issues New Letter, Rendering Current Case Moot

In a surprise legal move, the Commodity Futures Trading Commission (CFTC) has retracted its August 2022 letter to PredictIt, only to issue a new one. By doing so, it says it has rendered PredictIt’s request for a preliminary injunction moot. Although this likely means that PredictIt can continue operating for now, the CFTC has issued a new […]

Hopeful Signs for PredictIt Plaintiffs Following Oral Arguments in Fifth Circuit

It’s starting to look like the political futures market PredictIt may get to continue operating. Oral arguments in the legal battle to save the site took place in the Fifth Circuit on Feb. 8. According to reporting by Courthouse News, two of the three judges appeared inclined to side with PredictIt’s supporters, who are the plaintiffs in the […]

Fifth Circuit Grants Injunction for PredictIt to Continue Operating Past Feb 15

The plaintiffs in the PredictIt case have obtained an injunction to keep the site up and running temporarily. That’s an essential reprieve with the original Feb 15 shutdown deadline now less than three weeks away. On Jan 18, the Fifth Circuit Court of Appeals in New Orleans laid out a timeline for the case. PredictIt, […]

PredictIt Scores A Minor Win At Court Of Appeals, Avoiding Dismissal

Hope springs eternal for PredictIt, as the Commodities & Futures Trading Commission (CFTC) has failed in its attempt to have the former’s court case thrown out. Those following the PredictIt saga know that as things stand, the site will have to shut down next month. That’s due to the CFTC’s revocation of a no-action letter […]

Magistrate Judge Recommends Change of Venue for PredictIt Case, Denies Supplemental Memorandum

As the rest of us were enjoying the holidays, the PredictIt case was heating up. The flurry of activity began with a report and recommendation from the US Magistrate Judge who heard the Commodity Futures Trading Commission’s (CFTC) motion to transfer the case from Austin to a federal court in DC. The CFTC is the […]

Betting Strategy for Election Markets & Uncertainty

Now that the midterms are over, major election races have been settled. Many of the Senate races have been settled with the winner priced at 99 cents on PredictIt and the loser at one cent. Analyzing what bettors missed in these races can inform betting strategy for election markets in the 2024 presidential race.  However, […]

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Industry News

Michigan Close to Besting New Jersey in Per Capita Online Casino Revenue

New Jersey has always been the top-performing online gambling state in per capita terms, but that may be about to change. Michigan online casinos and poker rooms won just under 53 cents per resident per day in February, compared to 55 cents for New Jersey. At current growth rates, the two will be neck-and-neck in March, and Michigan could […]

Everi Enters Historical Horse Racing Via Exacta Systems

Everi Holdings Inc. entered historical horse racing (HHR) through Exacta Systems’ technology. On March 2, Exacta announced Everi’s HHR games debuted at Boston Billiards Club and Casino in Nashua, NH. Exacta said among the HHR games on its system, Exacta Connect, are four “player-popular” titles: Patriot Extra Spin Triple Jackpot Gems Deluxe Wild Gems Extra Spin Blazin’ […]

PointsBet Says No US Expansion in 2023, Puts Focus On Existing Markets

PointsBet aims to curb US losses in 2023 by focusing on existing markets and pursuing high-value bettors. In the short term, that means passing on upcoming state launches. Long-term, however, the goal is long-term, sustainable success for the Aussie import. According to executives during a recent fiscal earnings call, the course correction is expected to […]

NorthStar Gaming Now Publicly Traded as TSXV:BET Following Reverse Takeover

Investors will shortly be able to purchase shares in Ontario’s homegrown online gambling operator NorthStar Gaming. The company announced on Mar. 3 that it had completed the reverse takeover process it was undergoing to become a publicly-traded corporation. Technically speaking, the former NorthStar Gaming is now a subsidiary of another company, Baden Resources, which has now taken on […]

Bally’s to Cut Sports Betting Losses, Emphasize Online Casino in 2023

Incoming CEO Robeson Reeves says that the future of Bally’s Corporation lies in online casino gaming more than in sports betting. It’s the latest of several companies to have made that pivot in the face of headwinds in the highly competitive US sports betting space. The decision may come as a small consolation to investors. Bally’s reported $425 million […]

Analysts Rate DraftKings Stock a ‘Buy’ After Company Raises 2023 Outlook

DraftKings stock has risen 36% over the past month, prompting many financial advisors to move it into the “Buy” category. Much of that increase came on Feb. 17, following an earnings call in which CEO Jason Robins promised investors that the company would achieve profitability in 2024. The gains follow a long period in which analysts […]

Legal & Legislative News

BetMGM, Caesars Sportsbook Class Actions Say That ‘Free’ Bets Actually Cost Money

BetMGM and Caesars Sportsbook face similar class action suits in federal court in New York, alleging “untruthful and deceptive promises.” The complaints involve promotions by the two online sports betting operators advertising “risk-free” or “free” first bets. Such offers usually require a qualifying deposit and may pay out betting credits rather than cash. Messaging by […]

Federal Judge Grants Class Certification In Wynn Resorts Lawsuit

A Federal judge ruled a lawsuit claiming Wynn Resorts covered up the alleged long-running misconduct of former CEO Steve Wynn can proceed.

California Court Dismisses Class Action Suit by Skillz Investors

A federal court in Northern California has dismissed a class action lawsuit by investors against Skillz, a mobile “skill gaming” company. The plaintiffs had accused the company of violating the Securities Exchange Act by misrepresenting or omitting facts to paint an exaggerated picture of its performance. Chief US District Judge Richard Seeborg ruled that they had failed to plead their […]

Grand River Bands Denied Federal Recognition, With Implications for Michigan Gambling

On Feb. 23, the US Department of the Interior’s Bureau of Indian Affairs (BIA) rejected the application of Grand River Bands of Ottawa Indians for federal recognition. Michigan tribes operate most retail casinos in the state and hold 12 of its 15 online casino licenses, so it’s a decision with repercussions for gambling in Michigan. The […]

Flutter to Pay $4 Million to SEC for Alleged Due Diligence Failures by PokerStars in Russia

Flutter has agreed to pay a $4 million settlement to the Securities and Exchange Commission (SEC) for alleged due diligence failures relating to PokerStars‘ lobbying efforts in Russia. It’s the second time PokerStars’ gray market history has returned to haunt its new owner, following a much larger settlement with Kentucky in 2021. Flutter’s shares trade on the London Stock Exchange, so it isn’t […]

Doug Polk And Texans For Texas Hold’em Go All-In In Defense Of Texas Poker Rooms

Professional poker player Doug Polk has taken on a new role as the face of Texans for Texas Hold ’em (TFTH), a lobby group intent on protecting poker rooms in the Lone Star State. The group has come out in support of House Bill 2345. The bill, sponsored by Rep. Ryan Guillen, seeks to legalize […]

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