NorthStar Bets Casino, Sports Owner Closer to Going Public With Playtech Investment
NorthStar Gaming has received a CAD $12.25 million (USD $9.19 million) infusion of capital concurrent with its reverse takeover by Baden Resources. The money comes from online gambling supplier Playtech. The deal means that Ontarians will soon know if NorthStar Bets casino and sports betting products are hometown favorites. After the Feb. 28 reverse takeover, the […]
Hawaii Bill Aims to Ban Ads About Nevada Casinos
Hawaii Sen. Stanley Chang, D-Honolulu, introduced SB935 on Jan. 20, which would ban all advertising of Nevada casinos. Yesterday, the Senate Committee on Commerce and Consumer Protection recommended the measure be passed. Chang points out that all forms of gambling are illegal in the state, and: Residents generate hundreds of millions of dollars, perhaps billions, […]
Hopeful Signs for PredictIt Plaintiffs Following Oral Arguments in Fifth Circuit
It’s starting to look like the political futures market PredictIt may get to continue operating. Oral arguments in the legal battle to save the site took place in the Fifth Circuit on Feb. 8. According to reporting by Courthouse News, two of the three judges appeared inclined to side with PredictIt’s supporters, who are the plaintiffs in the […]
New Hampshire Online Casino Bill Nears Senate Vote
Senators will vote on New Hampshire online casino legislation the next time they meet. That’s because a Senate committee approved SB104 on Feb. 8. State Sen. Timothy P. Lang Sr., R-Sanbornton, told Bonus today that the Senate Ways and Means Committee‘s vote on Feb. 8 of “Ought to Pass with Amendment” has this result: It […]
Federal Congressman Paul Tonko Proposes Nationwide Sports Betting Ad Ban
The US federal government is considering legislation to ban all broadcast advertising of sportsbooks in the country. Congressman Paul D. Tonko (D-NY) introduced the bill on Feb. 9, calling it the Betting on Our Future Act (BOFA). The prohibition on advertising would be similar to that on tobacco ads, covering all electronic media under the jurisdiction of […]
MGM Resorts Firmly Denies Rumors of Potential Second Entain Bid
MGM Resorts International will not make a second attempt to acquire its joint venture partner Entain. CEO Bill Hornbuckle firmly denied such rumors during MGM’s Q4 2022 earnings call with investors. That means that the two companies’ shared ownership of the BetMGM online gambling brand will continue for the foreseeable future. It was analyst Shaun Kelley of Bank of America Merrill Lynch who raised […]
Illinois Online Casino Bill Tax Rate Means Revenue Could Be $240 Million
A state representative introduced HB2239 to legalize Illinois online casino gambling. The bill’s primary sponsor, state Rep. Edgar Gonzalez Jr. (D-Chicago), listed a 15% tax rate in his proposed legislation on Feb. 8. At that rate, Bonus predicts the Internet Gaming Act (IGA) – to be created if HB2239 becomes law – will mean $240 […]
Senate Introduces Companion Kentucky Online Poker, Sports Bill
State Senators are considering legalizing Kentucky online sports betting, poker, and daily fantasy sports (DFS) in a companion bill matching one pending in the House. On Feb. 7, state Sen. David Yates (D-Louisville) sponsored SB 73, which is in committee. Both bills call for a 6.75% tax rate on online poker and a 14.25% rate on […]
DraftKings Spends Big on Super Bowl Ads and Celebrity Appearances
For a third straight year, DraftKings is spending big on Super Bowl ads. Prices for a 30-second slot during the big game have gone up again this year to about $7 million. To get the most out of its investment, the online gambling operator is betting big on viewers’ love for celebrities, including comedian Kevin […]
The Luckiest States in the US
With Saint Patrick’s Day around the corner, people all over the US are hoping the luck of the Irish will make their wishes come true. Maybe in the form of a new relationship, new job, or the biggest jackpot of them all: winning the lottery. With that in mind, we wanted to find out which […]
