Latest articles
Dragon Train Isn’t Going Away, Just Needs Some Changes Under the Hood, Says Light & Wonder
Light & Wonder’s Dragon Train slot might temporarily disappear from US retail and online casinos, but it won’t be gone long, the company revealed yesterday. In a video statement to investors on Oct. 4, LNW President and CEO Matt Wilson assured investors that the impact of temporarily pulling the game from the US market would be minimal. Last […]
Trump, Harris in Dead Heat as Kalshi’s Election Betting Market Opens
Political prediction exchange Kalshi reopened its 2024 general election markets this morning following a favorable court decision. Those markets now include contracts on the outcome of the Presidential race, and speculators appear to see it as a coin flip between former President Donald Trump and current Vice President Kamala Harris. The market opened at 8:15 a.m. ET on Oct. […]
Spilled Beans: DraftKings to Pay $200,000 to SEC for Premature Financial Disclosure on Social Media
DraftKings has agreed to pay a $200,000 fine to the US Securities and Exchange Commission (SEC) for violating the regulator’s fair disclosure policies. On September 26, the SEC charged DraftKings with violations stemming from two social media posts made using the account of DraftKings CEO Jason Robins in July 2023. While it agreed to settle […]
Hermalyn’s Non-Compete With DraftKings is Valid, Rules First Circuit
An injunction temporarily limiting the functions Michael Hermalyn can perform for Fanatics will remain in effect, the First Circuit Court of Appeals has ruled. On Thursday, the three-judge panel for the appeals court upheld a Massachusetts federal court’s decision to issue the preliminary injunction ordering Hermalyn to abide by the terms of the non-compete clause in his contract with former […]
Dragon Train Slot Still Available at BetMGM Casino Despite Light & Wonder Injunction
A federal court in Nevada has ordered Light & Wonder (LNW) to cease distribution of its Dragon Train slots titles, but for now, the first online installment of the series, Dragon Train Chi Lin Wins, remains available on BetMGM Casino in New Jersey, Michigan, and West Virginia. The game launched exclusively on BetMGM in August and still features prominently in […]
Roblox Illegal Gambling Lawsuit Partially Survives Second Motion to Dismiss
Roblox Corporation has twice attempted to persuade a California federal court that it isn’t liable for third-party sites allegedly allowing players to gamble their Robux but will still have to face some of the accusations leveled at it. In a Sept. 19 ruling, United States District Judge Vince Chhabria once again dismissed the allegations of fraud and […]
Wynn Resorts Settles Shareholder Class-Action Suit for $70 Million
Wynn Resorts has reached a $70 million settlement agreement in a class-action lawsuit filed by its shareholders. The plaintiffs argued that the company failed to disclose the alleged sexual misconduct by its former CEO, Steve Wynn. The company’s share values plummeted when those accusations came to light in 2018. The lawsuit was led by shareholders John […]
Michigan Man Accused of Fake Deposits, Wagering Millions in Caesars Sportsbook Exploit
Michigan authorities have charged a Southfield man with eight felonies for taking advantage of a Caesars Sportsbook vulnerability that allowed him to make over $2 million in fictitious deposits. Per the Michigan Gaming Control Board (MGCB), over 16 days in 2023, Saco allegedly placed nearly 10,000 bets and wagered more than $88 million. Later, Saco […]
Pennsylvania Online Casino, Poker Players Kicked Off of Bovada
Pennsylvania online gamblers learned on Sept. 17 that they were no longer able to bet on online casino, poker, esports, and sports on the illegal offshore site, Bovada. That’s because the commonwealth joined the site’s list of 14 “restricted” jurisdictions, which leaves Rhode Island as the lone iGaming state not yet barred. That may mean […]
Kalshi Quickly Halts Electoral Prediction Contracts After False Start Thursday
On Thursday, prediction exchange Kalshi began issuing contracts—bets, effectively—on which major political party will win control of each half of the US Congress in the November election. However, it was forced to halt trading less than 24 hours later. Kalshi is engaged in a legal battle with the Commodity Futures Trading Commission (CFTC) over whether such contracts […]
