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Bonus Q&A: Mary Kay Bean on Her Retirement From the MGCB
Mary Kay Bean is leaving. For those of us at Bonus, her retirement on June 1 from the Michigan Gaming Control Board (MGCB) is momentous. The communications specialist has been the face and voice of the regulator in one of the most important US online casino marketplaces. So we decided to interview her before she […]
US Online Casinos Have Taken Over $400 Billion in Wagers, Double the Handle of Sportsbooks
Five years ago, the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), which had made sports betting illegal in all states but Nevada. Since then, legal sports betting has swept the nation, accompanied by a seemingly smaller boom for online casinos. In celebrating the end of PASPA, the American Gaming Association (AGA)points out that legal sportsbooks […]
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. […]
The Bizarre Phenomenon of Las Vegas Pop-Up Casinos
What’s the smallest casino in Las Vegas? That depends on when you ask. The state’s laws give rise to truly tiny casinos from time to time, but if you blink, you might miss them. So-called pop-up casinos provide a way for holders of unused licenses to keep them from expiring. Clark County’s retail gambling regulations stipulate that […]
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 […]
Caesars to Jump Aboard Stand-Alone Casino App Trend
During a Q1 2023 investor call, Caesars announced plans for a stand-alone casino app focused on slots. Details about the new app are sparse, but the company expects it to launch this summer. Several of Caesars’s largest competitors already have secondary products targeting the pure casino user, so this is becoming something of a trend. Eric Hession, President of Caesars […]
States to Online Gambling Operators: Stop Illegal Activity Globally or We’ll Dump You
Legal US iGaming marketplaces are where online gambling operators want to do business. That means operators will have to stop any illegal offshore activity anywhere or risk losing their licenses in legal gambling states. That’s what lawmakers and regulators are loudly telling them. Today, the Michigan Gaming Control Board (MGCB) sent out a press release […]
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 […]
