Latest articles
K&F Growth Capital Slams Bally’s Board, Interactive Strategy & Standard General Takeover Offer
K&F Growth Capital (K&F), which holds a stake in Bally’s Corporation, has sent an open letter to the company’s Board of Directors recommending that they reject the takeover offer from Standard General, another minority shareholder partially controlled by Bally’s Chairman Soo Kim. In its letter, the asset management firm claims that Bally’s is currently undervalued […]
Unibet US Official Site Closure Dates—New Jersey to Shut Down in May, Pennsylvania to Follow in June
Unibet’s closure of its US sites in New Jersey and Pennsylvania is imminent, with the specific dates now set in stone. Last year, Unibet’s parent company, Kindred Group, announced that it would pull out of the market by the end of June. It is now planning to wind down its New Jersey operations a little ahead […]
New Jersey Online Casino Market Shares to Become Visible Thanks to Regulatory Change
A change in the way the New Jersey Division of Gaming Enforcement (DGE) reports online gambling revenue will provide journalists and investors with unprecedented insight into how individual brands are performing in the state. Starting with the upcoming report on April 16—which will cover the state’s revenue figures for March—the DGE will report financial statistics for […]
Downstate NY Casino License Delays Could Mean No iGaming Until 2026 at Earliest
Establishing a new casino resort is rarely quick, but the New York downstate licensing process has been positively glacial—and worse, it’s holding up other gambling expansion efforts. In the latest update, the New York State Gaming Commission (NYSGC) said it might not issue licenses until late 2025. That’s a problem for Sen. Joe Addabbo and his allies […]
Bragg Gaming the Latest of Several Publicly-Traded Gambling Companies Looking for Buyers
Bragg Gaming is one of several gambling companies seeking to change ownership, something that looks to be forming a trend for the industry in 2024. As it released its Q4 and annual results, the content and technology provider announced it had formed a special committee to consider the company’s future, including a potential sale. The […]
Hard Rock Bet Likely Coming to Michigan Thanks to Acquisition of 888’s Assets
Hard Rock Digital will acquire the customer-facing US assets of 888 Holdings as the latter abandons the market, which will likely accelerate the expansion of Hard Rock Bet into new states. 888 announced the sale on March 28, about three weeks after revealing that it was throwing in the towel on its Sports Illustrated-branded US platform. One immediate impact of the […]
Bill Seeks to Double New Jersey Online Gambling Tax, But Will It Go Anywhere?
State Sen. John McKeon wants New Jersey online casino and sportsbook operators to pay higher taxes. The first-term senator has pre-filed a bill that would hike New Jersey online gambling taxes to 30%, nearly double existing tax rates. However, New Jersey’s retail casino lobby has said it opposes any online tax hike. Because Bill S3064 […]
BetMGM West Virginia Adds Joker Bombs, Outlaws Inc. Among Other Titles by Hacksaw Gaming
BetMGM Casino has brought Hacksaw Gaming slot titles like Joker Bombs and Outlaws Inc. to its US customers for the first time, starting in West Virginia. The content deal between the two companies previously only applied to Ontario, Canada, though Hacksaw has deals with other US online casinos in West Virginia and New Jersey. Hacksaw CEO Marcus Cordes said: Joining BetMGM on […]
Climate Change Proves to Be the Latest External Threat to Retail Casino Revenue, While iGaming Remains Resilient
The ongoing battle between Atlantic City casinos and coastal erosion serves as the latest reminder to policymakers that one key advantage online casinos offer is that they suffer from fewer external threats. The casinos, particularly those on the city’s northern side, face an even greater shortage of safe ocean frontage than last year. The US […]
DraftKings Brands Hermalyn Actions ‘Brazen, Egregious, and Indefensible’ in Spicy New Legal Filing
DraftKings’ (DK) latest filing in its case against former employee Michael Hermalyn details spicy new allegations against DK’s former SVP of growth. Filed on March 14 in Massachusetts District Court, the motion for preliminary injunction details “new and overwhelming evidence” uncovered that “demonstrates the urgent need for a preliminary injunction.” According to the filing, Hermalyn’s […]
