Is BetMGM’s Bid To Acquire LeoVegas In Peril As Swedish Authorities Allege Insider Trading?
BetMGM, the US online casino market leader, is considering buying competitor LeoVegas Group. Or at least it was. It’s unclear if today’s announced investigation into LeoVegas concerning possible insider trading will impact BetMGM’s $607 million acquisition offer. On May 2, Jersey City, NJ-headquartered BetMGM released information about the online gambling operator’s bid to buy Sweden-based […]
Kindred’s Ongoing Efforts To Zero-Out Problem Gambling Revenue
It’s not every day you’ll find an online casino operator hoping to bring a revenue figure to zero on its quarterly earnings reports. However, that’s exactly what Malta-based Kindred Group’s personnel are hoping will happen by 2023. The metric they’re aiming to zero out is revenue generated from “harmful gambling” behavior by players. That may […]
What Happens In Vegas Stays In Vegas… Unless It’s An Intellectual Property Infringement
Even amidst a global pandemic, Clark County’s Las Vegas has persevered. The lights are on, the slot reels are spinning, and profits continue to climb (a blip in May notwithstanding). Las Vegas is the land of novelty. With its celebrity resident shows, gambling galore, and casinos that still allow smoking, Vegas has maintained itself as […]
First Nations-Operated Saskatchewan Online Gambling Site To Use BCLC’s PlayNow Platform
These days, Ontario gets all the attention when it comes to regulated online gambling in Canada. However, it isn’t the only province trying to chart its own course in that regard. Saskatchewan is also attempting something unprecedented. Last September, the province announced that it had signed a new Gaming Framework Agreement with the Federation of […]
Deep Dive: Did Former Casino Mogul Steve Wynn Act As A Foreign Agent For China?
Last month the Justice Department announced a lawsuit against retired Las Vegas and Macau casino mogul Steve Wynn. The news didn’t shock the gambling community quite as much as you might expect. Wynn, after all, had already resigned as chairman and CEO of Wynn Resorts way back in 2018, following allegations of sexual misconduct. The nature […]
Poker Players Amazed Dealer Didn’t Understand ‘Color Up’ Request
What does “color up” mean? That’s the question someone new to poker might ask. It’s also likely the question an unemployment staffer in Nevada is asking the likely former 2022 World Series of Poker dealer who mistakenly removed players’ poker chips from the table, sorted them by color, and put them away. Yesterday, Allen “Chainsaw” […]
Ontario’s Transitional Period Ends Soon, Are Crackdowns On Unregulated Sites Coming?
Unregulated online gambling operators need to be on alert in Ontario. Soon, the provincial online gambling regulator may start to crack down on illegal sites. Canada Day may be the deadline Ontario iGaming operators have to comply with the law. However, regulators didn’t commit to that date. Bonus asked the province’s iGaming regulator, Alcohol and […]
Gambling Age Should Match The Legal Drinking Age, Watchdogs Say
North American minimum legal gambling age requirements can be confusing, even to industry professionals. Some US tribal retail casinos can allow gambling as young as age 18. Meanwhile, all US online casino operators need to verify bettors are at least 21. That’s true even for Michigan online casinos, many of which are partnered with tribal casinos […]
Make Better 2022 Midterm Predictions By Using Instead Of Reading Odds
Taking PredictIt odds at face value is the wrong way to use PredictIt. As a prediction market, its prices have highs and lows that can be taken advantage of. Those highs and lows come from other users’ expectations. Since anyone can use PredictIt, there’s no reason to think one user is better than another. That […]
New York State Could Gain $484 Million in Potential Revenue From Online Casinos
New York has emerged as a national hotspot for online sports betting. It broke the mobile sports betting handle record previously held by New Jersey in its first three weeks. State Senator Joseph Addabbo’s New York online casino bill, S8412, would legalize online slots and table games in New York. If this bill passed, New […]
