Claims Process Underway for $415 Million DoubleDown Interactive Settlement
DoubleDown Interactive and International Game Technology Plc (IGT) agreed to a settlement of $415 million in a class action lawsuit in Washington. The lawsuit was related to the sale of virtual chips in several social casino-style games, including DoubleDown Casino and related brands. Players who bought virtual chips from one of the sites in question may be […]
Kentucky Online Poker Out of Sports-Only Bill
Kentucky online poker isn’t included in HB551, a bill to legalize online sports betting in Kentucky that was introduced on Feb. 22 by state Reps. Al Gentry and Michael Meredith. While Feb. 22 was the last day House lawmakers could propose legislation, this streamlined bill may have a better chance of passage than other pending […]
New Hampshire Online Casino Legalization Nears a Final Senate Vote
Senators approved SB104, legalizing New Hampshire online casinos, in the first of two required votes before it can move to the House. On Feb. 22, during the bill’s second reading, lawmakers spent 20 minutes debating its merits. All but two of the New Hampshire State Senate members opposed the proposed legislation in their oratory. However, the […]
Analysts Rate DraftKings Stock a ‘Buy’ After Company Raises 2023 Outlook
DraftKings stock has risen 36% over the past month, prompting many financial advisors to move it into the “Buy” category. Much of that increase came on Feb. 17, following an earnings call in which CEO Jason Robins promised investors that the company would achieve profitability in 2024. The gains follow a long period in which analysts […]
Shoalwater Bay Tribe Prevails in Federal Court Against Maverick Gaming Challenge
On Feb. 21, federal Chief Judge David Estudillo dismissed Maverick Gaming’s challenge to Washington State’s sports betting law. It’s a significant win for tribal gaming in the US, as the suit had the potential to upend the Indian Gaming Regulatory Act (IGRA) of 1988. Maverick had named multiple state officials as defendants in the case. However, the […]
US Online Casinos Make $510 Million in January 2023 Despite Slowdown
Across six legal states, US online casinos produced over a half-billion in gross gaming revenue in January. However, they came up 4.8% short of the Bonus forecast for the month. That may suggest the industry’s growth is slowing down even more than expected. Full-year revenue rose 38% in 2022. Bonus projected that we’d see this slow to 21% in 2023. However, year-over-year growth in the monthly total for […]
Indiana Online Casino Bill Likely Dead in 2023
An Indiana online casino appears to have died of neglect. HB1536 hasn’t had a hearing, and Feb. 21 was the deadline for that to happen. So it appears the third time wasn’t the charm for the Indiana General Assembly to legalize Indiana online casino and poker gambling. Indiana online sportsbooks launched in 2019. The iGaming […]
Timber Wolf and Other Anaxi Slots Coming To BetMGM Online Casinos
BetMGM Casino will soon new games from Anaxi, the real money online casino arm of retail slots manufacturer Aristocrat Leisure. The two companies announced their strategic partnership this week. It will be the first appearance of Anaxi’s slots in the US market. Matt Prevost, BetMGM’s Chief Revenue Officer, said: We are honored to be the […]
DraftKings Drastically Reduces Connecticut Online Casino Promotional Spending to Start 2023
The amount DraftKings spent on promotions for casino users in Connecticut dropped 84% in January. This follows an 11-month period during which the company often paid out more in casino bonuses than its entire gross revenue. The sudden change may relate to statements CEO Jason Robins has made to investors about focusing on cost control and achieving profitability by Q4 2023. […]
Madison Square Garden CEO Fires MSG Sphere Executives as Setbacks Continue
James Dolan, CEO of Madison Square Garden Entertainment (MSGE), has removed two executives overseeing the construction of the MSG Sphere, a high-tech music venue on the Las Vegas Strip. Dolan planned to open MSG Sphere in 2021, but complications have pushed the opening back by two years and caused costs to skyrocket. The New York […]
