Will PlayAGS Be Better Off Without Apollo’s Involvement?
Last week, news broke that Apollo Global Management is selling its final 22% stake in American Gaming Systems (AGS), known these days as PlayAGS. For much of the past decade, Apollo was the largest shareholder of the Las Vegas-based AGS and, at one time, its sole owner. For some time now, casinos have served as a […]
New Lawsuit Alleges Misconduct By Former President Of MGM Springfield
Former MGM Springfield President Michael Mathis is facing a lawsuit alleging improper behavior during his time with the casino. Filed on Nov 10 in Hampden County Superior Court, the suit names Mathis and Blue Tarp Development, LLC as defendants. Blue Tarp is the corporate entity controlling the casino. The plaintiff is Chelan Brown, a former […]
A Closer Look at Claudio Fischer and His Las Vegas Ambitions
Events of recent weeks have reminded us that two things are inevitable on the Las Vegas Strip: Ambition and change. On November 13, the Las Vegas Review-Journal reported that Chilean business mogul Claudio Fischer is poised to complete the purchase of ten acres of land on the Strip. It’s a deal nearly three years in […]
California Tribes Seek Attorneys’ Fees After Governor Acknowledges Bad Faith
A new reply brief has been filed in the litigation between California tribes and the State. The Chicken Ranch Rancheria of Me-Wuk Indians is the primary plaintiff in the case, which involves California gaming compacts. The compacts in question were initially set to expire on the last day of 2020. However, there have been multiple […]
Major iGaming States Back to Setting Records After Slow Summer
The year’s final quarter has traditionally been a good one for online casino revenue. So far, it looks like Q4 2022 will be no exception. Regulators released their October online gambling revenue figures late last week. The four largest online casino states – New Jersey, Pennsylvania, Michigan and Connecticut – each posted all-time records for daily average […]
Hacksaw Gaming Chooses West Virginia as Its Jumping-Off Point for the US
Malta-based slot game and scratchcard developer Hacksaw Gaming has its sights set on the US. This week, it announced that it has obtained its first provisional license in the country. Rather than the usual launchpad of New Jersey, it has chosen to get started in West Virginia. Though small, the West Virginia online casino market […]
FanDuel Flywheel to Speed Up, Yield $40.5 Billion GGR in 2030
Getting the FanDuel flywheel going took time, but the online gambling operator’s net gaming revenue increased from $300 million in 2018 to $3 billion in 2022. FanDuel’s leaders said today that with that momentum, they expect the winning streak to result in $40.5 billion in gross gaming revenue (GGR) in 2030. The leaders of the […]
Behind the Scenes of California’s Soon-to-Expire Moratorium on Cardroom Expansion
The 2022 midterm elections have come and gone. They take with them the latest – and most expensive – failed attempt to bring legalized sports betting to California. Voters in the Golden State had potential options. Despite roughly half a billion dollars in advertising, they rejected both emphatically. Unofficial voting results show that Prop 26, […]
Rivalry Unveils New Casino Experience, Banking on 90’s Nostalgia
When it comes to competing in crowded markets, the conventional wisdom is “differentiate or die.” Canadian esports company Rivalry is taking that advice to heart as it attempts to break into the online casino space. Today, it unveiled its new casino product, with the eyebrow-raising moniker Casino.exe. As the name suggests, Casino.exe leans heavily into nostalgia for a […]
AGCO Kicks 17 Unregulated Online Gambling Operators Out of iGaming Market
During the week after its do-or-die deadline for unregulated online gambling operators to join the legal iGaming marketplace in Ontario or face penalties, the Alcohol and Gaming Commission of Ontario (AGCO) says 17 such operators “have exited.” Meanwhile, 28 of the 36 operators in the legal market used to be in the gray market, AGCO […]
