Caesars Entertainment Buys Minority Stake In SuperDraft Daily Fantasy
Caesars Entertainment announced an expansion into daily fantasy sports, as the company purchased a minority share of SuperDraft, Inc. A Monday press release lauded the move as a “strategic investment” for Caesars, which owns an option to purchase 100% equity in the SuperDraft DFS platform in the future. Under the terms of the partnership, Caesars […]
Bally’s Corporation To Acquire DFS Operator Monkey Knife Fight
Bally’s Corporation, a US land-based and interactive gaming provider, announced today that it will acquire Monkey Knife Fight. Monkey Knife Fight is a fast-growing Daily Fantasy Sports operator. Bally’s will acquire Monkey Knife Fight in an all-stock transaction. Once the acquisition goes through, Bally’s will be the third sports betting company in the US to […]
How Sheldon Adelson’s Death Could Affect Online Gaming Laws
Sheldon Adelson was one of the largest Republican donors in the last decade. His large donations began in 2012 after the Citizens United ruling in 2010. Republican 2016 candidates tried to win him over during their 2016 presidential runs, but Trump won the money. Adelson was not only the largest Republican donor in the 2012 […]
Big Gains In December For US Online Casinos
A year of unprecedented challenges for the retail casino industry yielded a year of incredible growth for legal online casinos. December’s monthly revenue reports saw New Jersey, Pennsylvania, and West Virginia all post their best revenue-earning months of 2020. Combined online casino and poker revenue nearly hit the $100 million mark for New Jersey in […]
Stoolies Struggle Is Barstool Sportsbook’s Path To Dominance
Barstool Sportsbook holds a major feather in their cap for the month of December, but they may not want you to know it. Penn National Gaming (36% stakeholder of Barstool Sports) put forward a fantastic $13 million in total sportsbook revenue for the month of December in Pennsylvania. This is more than DraftKings and FanDuel […]
Big Win For Online Poker: DOJ 2018 Wire Act Opinion Ruled Invalid
Advocates for legal interstate online poker in the US received a bit of good news Wednesday. The New Hampshire Lottery Commission scored a victory in court against the US Department of Justice’s 2018 opinion on the Federal Wire Act. The First Circuit Court of Appeals ruled in favor of the New Hampshire Lottery Commission, which […]
Huge Win For Interstate Poker As First Circuit Court Of Appeals Rules Favorably On Wire Act Case
The New Hampshire Lottery Commission has won its case against the US Department of Justice (DOJ) regarding the latter’s 2018 revised opinion on the Wire Act. Again. As first reported on Twitter by Jeff Ifrah, a lawyer affiliated with the litigation, the First Circuit Court of Appeals ruled in favor of the plaintiff. It thus […]
Online Sports Betting Bill Introduced In Mississippi
A proposed mobile sports betting bill could bring online wagering to Mississippi as early as July 2021. State Senator Scott DeLano introduced Senate Bill 2396 Monday, which contains language that would amend Mississippi’s current sports betting laws to include online wagering. Retail sports betting was legalized in the state in August 2018. DeLano’s proposed measure […]
WynnBET Plans Expansion Into Seven New States
Wynn Resorts Limited (NSDQ: WYNN) had a troublesome 2020 but is looking to reverse its fortunes early in 2021. The company’s online sports betting platform, WynnBET, is preparing to launch in seven new states. Currently, WynnBET is available in New Jersey and Colorado. The newest additions will include Michigan, which is preparing to launch online […]
Highlights Of Oregon Governor Kate Brown’s Sports Betting Wish List
Oregon launched its lottery-run sports betting app in October 2019, and it did not perform well. During all fiscal year 2020, the lottery app made $8.6 million in net revenue. That’s what Colorado sportsbooks made in October and November 2020 alone. Handing the Oregon Lottery a monopoly on sports betting has resulted in: Worse odds […]
