US sports betting giant DraftKings has announced that Jason Park, DraftKings’ Chief Financial Officer, will become the Company’s Chief Transformation Officer, effective May 1, 2024. In this newly created role, Park will lead initiatives to deploy technologies to capture additional operating efficiencies as well as oversee the integration of the proposed acquisition of Jackpocket. Alan Ellingson,
Month: March 2024
The Nevada Gaming Commission is set to deliberate on imposing a $500,000 fine on a Laughlin casino following its failure to report two physical altercations involving the resort’s security officers. The Donald J. Laughlin Gaming Trust, operating as the Riverside Resort & Casino, faces scrutiny over two incidents that transpired on its premises. The first
MGM Resorts International is reportedly considering the sale of its casino operations at Ohio’s Northfield Park and in Springfield, Massachusetts. The company is said to be working with financial advisers on this matter. However, the discussions are in the early stages and may not necessarily lead to any concrete actions, Bloomberg reported, citing unnamed sources.
In this interview, SOFTSWISS Co-CEO Andrey Starovoitov reflects on the iGaming company’s 15th anniversary. Moreover, Starovoitov discusses his professional path with the business, offers advice to those navigating this complex sector, and shares industry insights on what makes SOFTSWISS stand out from the crowd. You’ve been with SOFTSWISS for nearly half of its 15-year journey.
On Wednesday, an appellate court panel heard the state’s appeals in two cases over 2021 amendments to the law determining how much money casinos pay in lieu of property taxes in New Jersey. Atlantic County filed one of two legal challenges against amending the Atlantic City casino PILOT legislation, while local political organization Liberty & Prosperity brought the
As summer approaches, Atlantic City finds itself grappling with an unexpected challenge: a severe erosion of its iconic beaches, leaving the city’s famed casinos scrambling to salvage their crucial tourism appeal. Winter storms have ravaged the northern section of Atlantic City, stripping away sand and leaving little shoreline for beachgoers. Executives from the Ocean Casino
Queensland has implemented legislation aimed at curbing money laundering and protecting problem gamblers, which includes restrictions on cash gambling at the state’s casinos, following the passage of the bill in parliament on Wednesday. Under the new laws, Queenslanders will be prohibited from gambling more than a few hundred dollars in cash at casinos in a
Missouri’s casino industry experienced a notable uptick in February, with total adjusted gross revenue (AGR) reaching $156.9 million, marking a 14% increase from January’s $135.4 million, according to the latest report from the Missouri Gaming Commission (MGC). This figure closely mirrored the AGR reported in February 2023, which stood at $156.7 million. Leading the pack
Entain finds itself entangled in a legal dispute stemming from its acquisition of Dutch-facing business BetCity. What initially appeared as a strategic move to penetrate the lucrative Netherlands market has now evolved into a contentious issue, with Entain alleging significant discrepancies in BetCity’s value at the time of purchase. The saga began when Entain acquired BetCity
View image in fullscreen Legal March Madness gambling generates $2.7bn – and plenty of abuse for players There will be more money riding on the NCAA Tournament than ever before in 2024. But with higher stakes comes more pressure on the athletes March Madness is famously capricious, but as the tournament gets under way one
SiGMA Africa Awards 2024, one of the most prestigious awards in the industry, is over, and several companies won the awards. Among them is BetConstruct, one of the leading providers in the industry, which has been awarded the Best Online Sportsbook Provider. Globally recognized provider BetConstruct became famous for its efforts to deliver an exceptional
March 20, 2024 It’s game over for Kevin Martin and his livestreamed poker bankroll challenge after 500 hours and just $500 of poker profit. The GGPoker ambassador took on one of the wildest bankroll challenges in poker history. Dubbed “Poker from Zero,” he set out to turn $0 into $5,000 and he livestreamed his entire
View image in fullscreen MLB star Shohei Ohtani’s translator fired after allegations of ‘massive theft’ Ippei Mizuhara admits to have run up gambling debts Ohtani is world’s most famous baseball player The interpreter for Shohei Ohtani, the biggest star in baseball and one of the most famous people in Japan, has been fired after lawyers
Wazdan, an award-winning slots developer and aggregator based in Valletta, Malta, has some good news to share this week. First of all, it officially entered into an alliance with GAMRFIRST, the online branch of Casino Barrière Montreux, to expand its presence in the regulated market of Switzerland on March 18, and then, also on March
Sad news to report, as one of our favorite places to eat in Vegas is going away. Margaritaville is closing it’s doors after more than two decades of welcoming guests… and we’re sad. Not as sad as when we lost Jimmy last September, but still sad. Margaritaville takes up a huge amount of space in
March 20, 2024 A few eyebrows were raised when the Irish Poker Tour decided to run a €100,000 guaranteed poker tournament that only cost €100 (€80+€20) to enter, and do so over the St. Patrick’s weekend celebrations. The tournament needed 1,250 entrants to hit the ambitious guarantee; had founder Fintan Gavin lost the plot? It
The Chinese embassy in Singapore has issued a warning to its citizens residing in the city-state, advising them to refrain from participating in any form of gambling while abroad. The embassy emphasized that gambling activities outside of China violate Chinese laws. This cautionary statement from the embassy coincides with intensified efforts by Beijing to combat
The prospects of Minnesota legalizing sports betting saw significant improvement on Tuesday as political supporters reached a compromise with a major opponent of the proposed bill. According to the House author, the negotiated deal has increased the likelihood of the bill passing through the divided legislature to better than even odds, FOX 9 reported. Under
Fontainebleau Las Vegas has issued a counterclaim against Wynn Las Vegas in Clark County District Court, asserting that executives who departed Wynn to join the new resort did so voluntarily due to dissatisfaction with their former employer. The counterclaim, filed Tuesday, invokes The Eagles’ song “New Kid in Town” to describe the circumstances surrounding the hiring
Bloomberry Resorts Corporation, owner of Solaire Resort, revealed that it has managed to reach a settlement agreement in its 10-year legal dispute with previous ally Global Gaming Asset Management (GGAM) Philippines LLC, according to Inside Asian Gaming. Terms of the settlement agreement: According to the terms of the settlement, the firm has reportedly consented to