Latest articles
MGM Buying Entain? Rumors Swirl Again
MGM buying Entain is a dream the former gave up in January 2021. Or did it? Is MGM Resorts International again considering buying its tech partner in its joint venture – gambling site BetMGM? Rumors to that effect are swirling yet again. Even though Entain rebuffed MGM’s $11 billion offer and a subsequent $22 billion […]
Women and FanDuel Casino May Be a Better Couple Than ‘Break Up Win’
Women and FanDuel Casino are the ideal couple, thinks FanDuel Group. Hence today, FanDuel “ramps up” its marketing campaign targeting women. To that end, the online gambling operator posted two commercials yesterday on YouTube. They feature women. Yet the ads still don’t include their voices. The “Winning is Undefeated” portion of the FanDuel Casino marketing […]
Simultaneous Crises in Gambling and Crypto Highlight the Importance of Regulation
Every so often, we get a reminder of the extent to which financial systems rest on confidence and faith. In the digital era, money is more abstract than ever. Events of the past week have perhaps rattled that faith for some and highlighted the importance of regulation in preserving it. Several US operators, including BetMGM […]
Change of Plans Creates Regulatory Confusion for Encore Boston Harbor
Questions are swirling around Wynn Resorts’ proposed expansion to its Encore Boston Harbor property in Everett, Massachusetts. Can a massive shopping and entertainment development claim total independence from a casino to which it’s physically tethered? Conversely, just how connected to a casino must one be in order to be permitted to offer gaming activities? Does […]
Construction Underway on Four Virginia Casinos, Petersburg to Vote on a Fifth
Virginia has seen gambling activity nearly triple over the past three years. Now, the Commonwealth is ready for more as it prepares to open its second retail casino. Rivers Casino Portsmouth announced Monday that their $340 million gaming and entertainment venue would open its doors to the public on Jan 15. The casino is part […]
Will PlayAGS Be Better Off Without Apollo’s Involvement?
Last week, news broke that Apollo Global Management is selling its final 22% stake in American Gaming Systems (AGS), known these days as PlayAGS. For much of the past decade, Apollo was the largest shareholder of the Las Vegas-based AGS and, at one time, its sole owner. For some time now, casinos have served as a […]
A Closer Look at Claudio Fischer and His Las Vegas Ambitions
Events of recent weeks have reminded us that two things are inevitable on the Las Vegas Strip: Ambition and change. On November 13, the Las Vegas Review-Journal reported that Chilean business mogul Claudio Fischer is poised to complete the purchase of ten acres of land on the Strip. It’s a deal nearly three years in […]
Major iGaming States Back to Setting Records After Slow Summer
The year’s final quarter has traditionally been a good one for online casino revenue. So far, it looks like Q4 2022 will be no exception. Regulators released their October online gambling revenue figures late last week. The four largest online casino states – New Jersey, Pennsylvania, Michigan and Connecticut – each posted all-time records for daily average […]
Hacksaw Gaming Chooses West Virginia as Its Jumping-Off Point for the US
Malta-based slot game and scratchcard developer Hacksaw Gaming has its sights set on the US. This week, it announced that it has obtained its first provisional license in the country. Rather than the usual launchpad of New Jersey, it has chosen to get started in West Virginia. Though small, the West Virginia online casino market […]
FanDuel Flywheel to Speed Up, Yield $40.5 Billion GGR in 2030
Getting the FanDuel flywheel going took time, but the online gambling operator’s net gaming revenue increased from $300 million in 2018 to $3 billion in 2022. FanDuel’s leaders said today that with that momentum, they expect the winning streak to result in $40.5 billion in gross gaming revenue (GGR) in 2030. The leaders of the […]
