Former Resorts World CEO Scott Sibella pleaded guilty this week to charges of failing to report suspicious gambling activity at his company's casinos. The former executive is now facing a sentence of up to five years in a federal prison and a $250,000 fine. Despite his current circumstances, Sibella is optimistic that he'll return to…
Two former Iowa State football players who were caught up in a sports betting scandal that rocked the world of college athletics are calling a foul on the investigation that caused them so much trouble. Isaiah Lee and Eyioma Uwazurike, who both received sports betting related suspensions in 2023, have filed a motion challenging the…
Will California ever see regulated sports betting? That's a very relevant question now that the latest effort to put sports betting on the ballot in a manner that's palatable to the state's powerful tribal gaming interests has fizzled out. Self-described "tech bro" Kasey Thompson presented his effort as a new approach, but it met the…
Regulated sports betting has been a huge boon for state governments, adding over $1 billion in tax revenue each year. That money funds everything from the maintenance of state parks to programs aimed at stopping problem gambling. Of there's been a dark side to the sports betting boom, especially on college campuses where problem gambling…
LIV Golf is taking a major step towards the mainstream of the sporting world after announcing a new partnership with US Integrity. As one of the best-known integrity monitoring services in the industry, US Integrity will watching various sportsbooks, watching for anomalies and other signs of suspicious betting activity that could impact the honesty of…
PENN Entertainment is taking heavy criticism from one its biggest investors for "under performance" and alleged mismanagement. The barbs are coming from HG Vora, a hedge fund which oversees more than $7 billion worth of assets including a large portion of PENN. It's a tricky situation for PENN that could significantly alter the company's future…
After years of trying to get Missouri lawmakers to pass a bill legalizing sports betting, a coalition of the states professional sports teams is throwing its collective weight behind a different approach. The Kansas City Chiefs; Kansas City Current; Kansas City Royals; St. Louis Cardinals; St. Louis Blues; and St. Louis SC are all backing…
When NCAA President Charlie Baker took the stage at the NCAA Convention in Phoenix earlier this week he also addressed the 300-pound gorilla in the room, sports betting. Baker's State of College Sports address covered some very tough issues such as how to punish players who violate gambling rules and what to do about player…
New Jersey is generally regarded as the Silicon Valley of igaming in America and its online casinos are some of the most successful online casinos in North America. On paper, it appears as though the Garden State is in a perpetual state of boom but a recent study commissioned by the Campaign for Fairer Gambling…
Last week Sen. Richard Blumenthal and U.S. Rep. Andrea Salinas. introduced a proposal aimed at fighting problem gambling that's funded by existing taxes on sports betting. Under the terms of the Gambling Addiction Recovery, Investment, and Treatment Act (GRIT) about half of the money currently collected under .25 percent federal excise tax would be funneled…
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