The good times continue rolling in Nevada where gaming revenue for January 2023 was up a whopping 18 percent over the previous year. Statewide, regulated Nevada gaming operators collected $1.27 billion, compared with just $1.08 billion in January 2023. But while casino operators are celebrating, financial analysts warn that the Silver State's fast ride could…
MGM Resorts and BetMGM are taking advantage of the most popular gaming product in the United States with the launch of their new omni-channel slot experience, MGM Riches. Touted as "the companies' first custom slot experience that can be played both online via BetMGM and as a traditional slot game at MGM Resorts properties throughout…
Bally's is pulling the plug on Monkey Knife Fight, a daily fantasy sports (DFS) site the company acquired during a buying spree aimed at beefing up its sports products. Monkey Knife Fight's untimely demise comes just two years after Bally's acquired the up-and-coming DFS operator for $90 million. When Bally's first purchase Monkey Knife Fight,…
The Seattle Kraken and Muckleshuck Indian tribe made NHL history last week when they announced that the tribe's logo would be appearing on the hockey team's sweaters. This marks the first time that an an NHL team has partnered with an Indian tribe on a sponsorship patch. Though the deal has much in common with…
US-facing sportsbook operators are gearing up for the NCAA Men's Basketball Tournament (aka, March Madness) and, according to a recent survey conducted by VegasOdds, this year's tournament could produce a massive $6 billion handle. The results of the survey highlight the highly cyclical nature of the US market, and provides some insight into the collective…
The UK horse racing business has seen its shares of ups and downs over the past decade as shrinking interest in the sport and the chaos of the pandemic have eaten into its core business activities. But the British love their Grand National and that signature event has a new official betting partner with an…
Penn Entertainment has completed its acquisition of the highly successful sports media/sportsbook operator Barstool Sports late last week. The deal caps a three-year partnership that saw Barstool greatly extend its reach to the US betting public, while upping its value to Penn Penn Entertainment. Barstool has been around since 2003 when it was founded by…
Bally's Corporation is looking to build a blockbuster casino in New York City and has its eyes on the Trump Golf Links at Ferry Point in the Bronx as part of the package. If successful in its bid to grab one of three highly coveted New York casino licenses, Bally's would lease the land from…
As the release of the long-awaited white paper on UK gambling reform nears, Racecourse Media Group (RMG) CEO Martin Stevenson has some thoughts on the subject he'd like to share with Secretary of State for the Department for Digital, Culture, Media and Sport (DCMS) Paul Scully. Not surprisingly, Stevenson thinks that operators are over-regulated and…
Super Bowl LVII was a huge day for the Patrick Mahomes, the Kansas City Chiefs, and US-facing sportsbook operators. Regulated sportsbook operators rejoiced as Americans dropped huge sums of cash on over 100 million betting transactions on one of the biggest days for legal American sports betting. According to a report from GeoComply, "a company…
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