888 Holdings Internal Investigation Sparks Shareholder Panic, Leadership Change
888 Holdings is facing a crisis sparked by an internal investigation into suspected gray market compliance failures. The CEO, Itai Pazner, has stepped down. The company’s share values plummeted 29% in early trading on Jan 30. That morning, the company released a regulatory announcement stating it had suspended VIP accounts in the Middle East region. The internal […]
New Hampshire Online Casinos May Launch on April 1, 2024
If a New Hampshire online casinos bill is approved this year, three to five sites may be able to launch on April 1, 2024. So reads SB104, introduced on Jan. 5 and explained further by its primary sponsor on Jan. 25. New Hampshire Sen. Timothy Lang, R-Sanbornton, spoke in the Senate Ways and Means Committee […]
Fifth Circuit Grants Injunction for PredictIt to Continue Operating Past Feb 15
The plaintiffs in the PredictIt case have obtained an injunction to keep the site up and running temporarily. That’s an essential reprieve with the original Feb 15 shutdown deadline now less than three weeks away. On Jan 18, the Fifth Circuit Court of Appeals in New Orleans laid out a timeline for the case. PredictIt, […]
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 […]
Maryland Senate Bill Would Put Online Casinos on the Ballot in 2024
Maryland has officially joined the race for online casino legalization. For constitutional reasons, however, we won’t know if it has succeeded until November 2024. That puts any possible launch into the middle of 2025 at the earliest. There are many hurdles the effort will have to clear between now and then. SB 267 is the work […]
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 […]
Most Popular Online Gambling Days to Help With That Bar Bet
The Super Bowl was one of the most popular online gambling days in North America in 2022. However, it wasn’t No. 1, according to geolocation data from GeoComply. Surprised? Assumptions abound in North American online gambling circles, from thinking that New York online sportsbooks are always No. 1 to thinking that the Super Bowl constantly […]
New York Online Casinos May Be Brought Up at Jan. 31 Sports Betting Hearing
New York online casinos, both online and on land, may be on the minds of lawmakers and others invited to speak during a public meeting on Jan. 31 in Albany. Its purpose is to examine the impact of online sportsbooks. On Jan. 8, the state’s sports betting marketplace turned one. So the Jan. 31 hearing […]
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 […]
