Esports Having Bumpy Start As Vie.gg Closes
Esports captures the zeitgeist of 2022. Sadly, its US online gambling industry pioneer will also come and go this year. Today, Vie.gg users found out that the legal gambling site will cease operations on Nov. 1. The Esports Entertainment Group (EEG) site debuted in April in New Jersey. Not only was Vie.gg’s US debut, but […]
Is a Tribal Gaming Compact North Dakota’s Path to Gambling Expansion?
North Dakota is negotiating terms for a compact with five tribes in the state. The tribes seek exclusive rights to offer internet gambling and sports betting in the state. Such a deal would be worth many millions of dollars for all parties. However, the current negotiations follow a string of failed legislative attempts that led […]
Virginia Study Recommends Lottery as State’s Sole Gaming Regulator
Several new forms of gambling have appeared in the Commonwealth of Virginia over the past five years. Construction is underway for the state’s first retail casinos. It also newly allows sports wagering, charitable poker, horse racing, and skill games. The question, amid such rapid expansion, is how best to regulate the new products. Many states […]
Six Months in, Ontario’s Privatized Online Gambling Market is Growing Quickly
On October 12, iGaming Ontario (iGO) released its revenue figures for July through September. That period marks the second quarter of operations since the province’s privatized online gambling market launched. As with the first report, covering April to June, iGO hasn’t provided much detail. Unlike various US states, Ontario does not offer a revenue breakdown […]
Bright Lights, Day or Night: Times Square or Its New York Retail Casino Suitor, Caesars?
Times Square is loud, crowded, and always full of bright lights, day or night. Land-based casinos can be, too. Perhaps that’s why Las Vegas-based Caesars Entertainment is louder about its proposal for a Times Square casino than many in the crowded line of New York retail casino hopefuls vying for three new downstate licenses. Even […]
Shoalwater Bay Tribe Files Motion To Dismiss Maverick Gaming Lawsuit
The pivotal moment has come in a court battle over tribal gaming compacts in Washington. It was inevitable that the Shoalwater Bay Tribe would file a motion to dismiss upon receiving permission to intervene in the case. They have now done just that. The original parties in the case are Maverick Gaming as the plaintiff […]
Republicans Gain Ground as Midterms Near, Boosted by Economic Concerns
A recently released Yahoo News/YouGov poll shows Republicans gaining support in the last weeks before the midterm elections. This narrows the Democrats’ long-standing lead to just 2 percentage points, which is the smallest difference to date. When poll respondents were asked which candidate they would vote for in their congressional district if the elections were […]
Pennsylvania Will Set an All-Time Record for Self-Exclusions and Hotline Calls in 2022
The Pennsylvania Gaming Control Board (PGCB) released its 2021-2022 Annual Report earlier this month. Most key numbers for the state’s gambling industry have gone up year over year, including many all-time highs. State tax alone (not counting local grants, etc.) amounted to $1.43 billion from gambling in the 2021-2022 fiscal year, up 29% from $1.11 billion in 2020-2021. […]
Just When It Seemed Entain Financial News Would Pause, a $1B Loan
As others in the US online gambling industry shrink away from financial gambles, Entain is embracing them. Six days after its Q3 2022 trading update, the company that’s best known as half of BetMGM‘s ownership team announced today that it secured a $1 billion loan. The term loan will fund Isle of Man-based Entain’s acquisition […]
Fall Brings the Expected Boost to Online Gambling Revenue, but Less Than Last Year
There has been a consistent theme to 2022 online gambling revenue updates. While US markets continue to grow, that growth is now slower than it has been in recent years. September gross gaming revenue (GGR) figures for the three major online gambling states – NJ, PA and MI – highlight this trend. In 2021, their […]
