IG Acquisition Corp. Terminates Relationship With PlayUp, SPAC Deal Off the Table
In yet another setback for PlayUp, the special purpose acquisitions company IG Acquisition Corp., announced in an SEC filing on Jan 6 that it has terminated its relationship with the sports-betting platform. The split came after the New York-based “blank check company” signed a nearly $400 million deal with PlayUp in Sep 2022. That Business […]
DraftKings Investor Class Action Dismissed by New York Court Judge
The class action lawsuit brought against DraftKings on behalf of its investors has failed. New York District Judge Paul A. Engelmayer sided with the company in its motion to dismiss. The suit involved information that the company disclosed – or failed to disclose – around the time that it went public while simultaneously merging with its technology provider […]
Red44 Shut Down, Seemingly Start of Crackdown on Offshore Betting Sites
On Friday, the US Attorney’s Office for the Northern District of Alabama announced a federal grand jury indicted 11 Americans who’d been managing the offshore sportsbook Red44. The Costa Rica-based operator still had a Twitter account as of today, but its dot-com site was gone, leaving little evidence that the black market site ever existed. With […]
New York Responsible Gambling Tops Addabbo’s Agenda
New York responsible gambling (RG) efforts getting funding matters to state Sen. Joseph Addabbo as much as legalizing online casino gambling. So RG and problem gambling are on his 2023 agenda, Addabbo tells Bonus. Addabbo, D-Ozone Park, is the member of the New York State Senate who sponsored last year’s New York online casino legalization […]
Chumba Casino Owner VGW Settles Kentucky Class Action for $11.75 Million
In December, Virtual Gaming Worlds (VGW) agreed to pay $11.75 million to settle a class-action lawsuit in Kentucky. VGW owns social casinos Chumba Casino and Luckyland Slots, which use federal sweepstakes law to pay out cash prizes without technically being a real-money gambling product. The plaintiffs in the suit argued that VGW was nonetheless violating […]
Parx Casino Shippensburg to Open February 3, but State College Project May Never Happen
All but two of Pennsylvania’s mini-casinos are now operating. One of those two is set to open its doors in a matter of weeks. The other may never do so, depending on the outcome of ongoing litigation. Parx Casino Shippensburg recently announced an opening date of February 3 at 250 South Conestoga Drive. Shippensburg is in the […]
DraftKings Introduces Bingo Blackjack, Its Most Interesting Innovation to Date
Bet365, Churchill Downs Reveal PA Partnership Plans for Now-Vacant Presque Isle License
TwinSpires will soon shut down its Pennsylvania online casino and sportsbook, as it already has in Michigan and New Jersey. However, its parent company Churchill Downs Inc. (CDI), revealed on Jan 9 that it has other plans for its license. It will be using it to grant market access to Bet365, an international giant with what is […]
Mega Millions Over $1 Billion Again – Why Huge Jackpots Are the New Normal
If you follow mainstream headlines, you’re probably aware by now that the Mega Millions jackpot currently stands at over $1.1 billion. That sounds like a lot of money – and it is. Many of us still see these ten-figure jackpots as rare opportunities. However, it may be that billion-dollar prizes have become the new normal. […]
New Lottery Courier Service Jackpot.com Makes US Debut in Texas
As of Jan 9, Texas residents have a new option for buying draw lottery tickets online. The international operator Jackpot.com has made its US debut in the Longhorn State. Jackpot.com is owned by the Malta-based gambling company Lottomatrix. In other markets, the site includes a casino and online “scratchcards.” However, in the US, it will be sticking to lottery […]
