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DraftKings CEO Teases Progressive Parlay Launch

DraftKings CEO Jason Robbins is looking to disrupt US sports betting markets in a big way with the upcoming launch of a progressive parlay product. Speaking at the Annual Craig Hallum Online Gaming Conference 2023 Robbins said the groundbreaking product is "just weeks away" from its launch. As described, the progressive parlay allows players to…

Vegas Grand Prix Was Massive Success for MGM

The Las Vegas Grand Prix was a smashing success for Sin City with at least one hotel chain reporting its highest-grossing ever during the event. Though specific numbers were not made available, MGM Resorts’ Chief Financial Officer Jonathan Halkyard told investors recently that, “It was the highest-grossing weekend for us, in hotel revenue, in the…

Nevada Gaming Collect $1.32 Billion for Record October

Nevada gaming posted its best October revenue this year with an astounding $1.32 billion haul from the state's legion of casinos and sportsbooks. While the gaming industry benefited from a slew of events on the fabled Vegas Strip, casinos across the state had an extremely good month no matter where they were located. The official…

Kindred Group Exiting North American Market

The Kindred Group is exiting the North American gaming market as part of a broad effort to restructure the company and focus on its core, revenue-producing operations. It's a move that includes at least 300 layoffs of North American-facing employees, but will save tens of millions of dollars over the long run. Kindred's departure from…

Novig Partners with Intelitics for Colorado Launch

Novig, a sports betting exchange startup, is partnering with Intelitics, a maker of player acquisition software, on its upcoming launch in Colorado. It's a move that Novig is hoping will disrupt the existing sports betting market and bring the betting exchange model to the growing US market. Novig's spot in the Colorado sports betting market…

NBA, NHL and MLB Team Up on Responsible Gambling Effort

The NBA, NHL and MLB are teaming up to promote responsible gambling with a new public service announcement titled, Never Know What’s Next. Besides promoting the basics of responsible gambling such as knowing your limits, the new advertisement acknowledges professional sports' responsibilities towards the general public as they enjoy new revenue streams brought on by…

GambleAware Campaign Looks to Detigmatize Problem Gambling

GambleAware, the UK charity, is launching a new campaign aimed destigmatizing problem gamblers and getting those suffering with gambling problems the help they need. It's an ambitious and worthy goal, especially given the fact that the group's own research suggests that two-thirds of all problem gamblers will never seek any kind of professional assistance. According…

US Gaming Clocks Record Revenue in Q3 2023

The American Gaming Association (AGA) is reporting that the third quarter of 2023 was the most successful Q3 the US-facing industry has ever seen. According to the AGA's Commercial Gaming Revenue Tracker, American gaming operators hauled in an astounding $16.17 billion worth of revenue during the period covering August, September and October of this year.…