Madison Square Garden to Spin Off Historical Business, Focus on MSG Sphere
Madison Square Garden Entertainment Corp (MSGE) will be splitting in two. The publicly-traded company announced on Jan 13 that it would spin off its “live entertainment business.” In the gambling space, the point of such spin-offs has typically been to create a new company to handle the more modern components of the business. Golden Nugget […]
Saks Fifth Avenue Seeks to Open a Casino Above Its Flagship Store
Saks Fifth Avenue will be among the competitors bidding for one of New York City’s three available casino licenses. With gambling legalization becoming commonplace across the United States, New York City is looking to become the next casino hotspot. Numerous outlets have confirmed the luxury department store’s intentions to bid. If chosen, this would allow […]
Second-Largest Mega Millions Jackpot Strikes Over the Weekend
Friday night produced America’s third billion-dollar lottery winner in under a year. An anonymous player from Lebanon, Maine, was the only winning ticket holder for the Jan 13 Mega Millions draw. The player bought the ticket from Hometown Gas & Grill and is the state’s first person to win a Mega Millions jackpot, regardless of size. Their winning combo? 30, 43, […]
New York Lawmakers Propose Problem Gambling Advisory Council
New York doesn’t have a Problem Gambling Advisory Council (PGAC). So today, three members of the New York State Assembly sponsored a bill that would create one. This is the ninth year New York lawmakers have proposed a PGAC, with Gov. Kathy C. Hochul vetoing the most recent bill on Nov. 23, 2022. Her criticism […]
Indiana Online Casino Bill Introduced in House Must Move to Senate by Feb. 27
Indiana online casino and poker legalization efforts are underway now that a bill is moving through the House. While this is the Indiana General Assembly‘s third try at augmenting the state’s legal online sports betting market with its online gambling sisters, this year’s bill may fare better than previous ones for several reasons. First, the […]
Casino Smoking Opponents Find a New Ally in Slots Influencer Brian Christopher
Brian Christopher, a prominent gaming influencer on social media, announced that he is joining the casino anti-smoking movement. Going forward, he says he will promote only smoke-free venues and events. Christopher elaborated: It is time for gaming to join the ranks of the best entertainment venues, restaurants, and bars that went smoke-free years ago. The […]
Virginia Responsible Gambling Groundwork Built with Pre-Filed Bill
On Dec 27, 2022, Delegate Paul Krizek (D) and Senator Bryce Reeves (R) of Virginia pre-filed bills to create a Problem Gambling Advisory Committee (PGAC). The committee members would include gambling regulators, industry representatives, and community service members. The PGAC’s goal would be to seek alignment between experts on problem gambling and the Virginia gaming […]
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 […]
