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Bovada Calls West Virginia ‘Restricted,’ State Regulator Warns More Illegal Gambling Sites to Leave

July 15, 2024 | By: Heather Fletcher

Bovada may have ended operations in West Virginia, but the state gaming regulator is persisting with its “cease and desist” letters against Bovada and other illegal offshore gambling sites. On July 15, Bonus saw the “restricted” notice on Bovada’s site and heard from a West Virginia Lottery official about the state’s continued investigation into other […]

DraftKings Reignmakers NFT Lawsuit Will Proceed as Judge Rejects Arguments for Dismissal

July 12, 2024 | By: Alex Weldon

DraftKings has failed in its motion to dismiss a lawsuit alleging that its Reignmakers non-fungible tokens (NFTs) constitute securities and are illegal to sell without approval by the Securities & Exchange Commission (SEC). US District Court Judge Denise J. Casper found sufficient merit in plaintiff Justin Dufoe’s claims that she believes the case should proceed. However, surviving a motion to […]

Gambling Disorders Linked to Physical Differences in Brain Tissue, Similar to Substance Addictions

July 12, 2024 | By: Robyn McNeil

Researchers have uncovered evidence that the brains of people with gambling disorders exhibit physical differences from healthy brains, similar to the differences exhibited in those with substance use disorders (SUD). The researchers suggest that a part of the brain called the fronto-striatal-thalamic (FST) circuit may play a crucial role in addictions, including gambling disorders. Finnish […]

Can Betway Casino, Jackpot City Flourish in NJ, PA, As Parent Sportsbooks Exit US?

Betway Casino and Jackpot City Online Casino will remain in New Jersey and Pennsylvania as Super Group’s sportsbooks leave the US. The US online casino brands generate revenue for Super Group, while there’s no “long-term path to profitability for the sportsbook product,” company CEO Neal Menashe said on July 10. This approach of concentrating on online casino […]

Rivers Casino Portsmouth Struggles With Access Points Has Cost It $820,000 in Its First Year

July 11, 2024 | By: Chav Vasilev

Virginia’s only permanent casino, Rivers Portsmouth, has agreed to pay over half a million dollars for failing to control its entry points and allowing underage and voluntarily self-excluded persons to enter the casino floor. The Virginia Lottery, which oversees gaming in the state, has negotiated a settlement with the casino, owned by Rush Street Gaming, […]

Court Approves $18 Million Payout to Former Golden Nugget Online Gaming Shareholders

Former Golden Nugget Online Gaming (GNOG) investors have agreed to a $22 million class action settlement, ending their challenge to the online casino platform’s 2022 $1.56 billion all-stock sale to DraftKings. This outcome means that almost everyone who owned GNOG stock at the time of the sale will receive some compensation. Delaware Chancery Court’s Vice […]

Hermalyn Claims DraftKings CEO Robins Holds a Personal Grudge in Latest Filing

July 9, 2024 | By: Robyn McNeil

According to DraftKings’ former VIP boss Mike Hermalyn, the company’s lawsuit against him constitutes retaliation for CEO Jason Robins feeling “deeply wounded” by Hermalyn’s departure for Fanatics. Hermalyn casts this as a personal vendetta or “animus” on Robins’ part, claiming that the DraftKings CEO has a history of “retaliating against departing employees.” Hermalyn opposes the motion […]

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