WOW Vegas Introduces A New Loyalty Program
Free-to-play social casino WOW Vegas introduced a new loyalty program on May 3. The new Star System VIP program features six reward tiers. Benefits include daily login coin bonuses, tailored promotions, and discounts on coin purchases. To climb up the levels, players collect Stars at a rate of one Star per 50 Sweepstakes Coins (SC) […]
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 […]
Commission Alleges Defunct BC Crypto Firm Sent User Deposits to Casinos
A now-defunct British Columbia-based cryptocurrency platform, ezBtc, faces accusations of multimillion-dollar securities fraud. The BC Securities Commission (BCSC) claims that the operation diverted millions of dollars worth of investors’ deposits to cryptocurrency gambling sites. BCSC didn’t specify which gambling sites were allegedly involved. However, unregulated gambling has emerged as one of the most popular use […]
Sounds of Nature Reduce Stress in Gambling Disorder Sufferers: Japanese Research
A new study out of Japan found nature therapy lowers the stress levels of people struggling with problem gambling. The research by Yoshifumi Miyazaki, out of Tokyo’s Chiba University, confirmed “nature sounds” have a similarly calming effect on people experiencing problem gambling as those who aren’t. While further investigation is needed, the study’s preliminary findings […]
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 […]
Jackpocket Online Casino App Continues on Path to New Jersey Launch
A Jackpocket online casino app that’s been in the works for two years received regulator approval on April 28 that shows the lottery ticket courier may make its US iGaming debut in New Jersey. Jackpocket Interactive Gaming (JIG) received approval on April 28 from the New Jersey Division of Gaming Enforcement (DGE) to continue working […]
Fifth Circuit Court of Appeals Issues Order Against Mootness in PredictIt Case
In a memorandum dated May 1, the three-judge panel of the US District Court for the Western District of Texas declared that the lawsuit to determine the fate of PredictIt should continue. Circuit judges James E. Graves, James C. Ho, and Kyle Duncan denied the “suggestion of mootness” filed by the Commodity Futures Trading Commission (CFTC), the defendant in the case. The CFTC […]
