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BetMGM Says No Online Casino Launches May Happen in 2023
BetMGM CEO Adam Greenblatt believes no new states will legalize online casino during 2023. Therefore, the US online casino market leader is working “behind the scenes” this year to help educate legislators and retail casino owners about the benefits. That will hopefully yield an active 2024 in legal online casino launches, he said during today’s […]
California Casinos May Skip State Regulation, Opting for Direct Federal Oversight
The Rincon Band of Luiseño Indians moved from state to federal regulation this month. That may mean 28 other tribes that operate California casinos could end up following suit when their state compacts expire at the end of the year. This is the first time a California tribe has opted out of state regulation in […]
Vornado Realty Trust May Compete With Rival SL Green’s NYC Casino Bid
Vornado Realty Trust is exploring the possibility of submitting a bid to build a casino in New York City. Vornado is the city’s second-largest commercial landlord. The company is considering the site of the former Hotel Pennsylvania near Penn Station and Madison Square Garden for its proposed casino. The now-vacant hotel will be demolished by […]
US Online Casino Revenue Up in All States in 2022, But Growth is Slowing
US online gambling remains a quickly-growing industry. However, there’s no denying that the pace of growth is no longer as blistering as it once was. From 2020 to 2021, industry-wide online casino revenue more than doubled. That didn’t happen again in 2022. That said, all states with legal online casinos finished the year on an […]
Greentube Acquires Alteatec in Mission to Increase B2B Offerings
Greentube, a casino game developer, announced it acquired a majority shareholding in the Malta-based iGaming management system platform and software provider Alteatec. The company said the deal will add to its B2B offerings. The Vienna-based online gaming specialist Greentube – a Novomatic Digital Gaming and Entertainment division – did not release the financial details about […]
Ten-Year Anniversary Means Online Gambling Up for Renewal in New Jersey & Delaware
2023 marks the tenth anniversary of legal online gambling in the US. In 2013, three states unveiled regulated online poker rooms, two of which also elected to allow casino games. In New Jersey and Delaware, some paperwork will be needed to keep them going for another decade. Each of the three states took a different approach. Nevada, fearing the […]
BetMGM Co-Owner Entain Leaving Unregulated Markets
European gambling giant Entain announced on Jan. 18 its plan to “accelerate” its exit from unregulated international markets. The decision won’t directly affect American gamblers, though Entain is the technology-supplying half of the BetMGM ownership team. However, Entain also serves dozens of gambling markets globally, as an operator and supplier. So the company’s announcement today […]
Even Anti-Gambling States Impacted by Shift in National Attitudes
Gambling expansion is a hot topic in many states at the moment. Some are leading the charge, while others are playing catch-up. There’s a saying, “a rising tide lifts all boats.” Usually, that’s a metaphor for the economy. However, it also applies to public sentiment about things like gambling. Even states that are miles away […]
Madison Square Garden to Spin Off Historical Business, Focus on MSG Sphere
Madison Square Garden Entertainment Corp (MSGE) will be splitting in two. The publicly-traded company announced on Jan 13 that it would spin off its “live entertainment business.” In the gambling space, the point of such spin-offs has typically been to create a new company to handle the more modern components of the business. Golden Nugget […]
Saks Fifth Avenue Seeks to Open a Casino Above Its Flagship Store
Saks Fifth Avenue will be among the competitors bidding for one of New York City’s three available casino licenses. With gambling legalization becoming commonplace across the United States, New York City is looking to become the next casino hotspot. Numerous outlets have confirmed the luxury department store’s intentions to bid. If chosen, this would allow […]
