Daily Fantasy Sports (DFS) operators like DraftKings and FanDuel are pushing the limits of their market space with new products meant to mirror the experience of standard sports betting. With the recent launch of their new Pick6 peer-to-peer DFS product, DraftKings is expanding the scope of what fantasy sports looks like in America. Pick6 is…
A former employee of the Jacksonville Jaguars is accused of stealing $22 million from the team to fund a lavish lifestyle that included a very serious gambling problem. Amit Patel, the team's former manager of financial planning and analysis is facing fraud charges for his use of the team's virtual credit card to pay for…
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…
The Australian Senate approved a bill this week banning the use of credit cards for online gambling throughout the country. Representatives in the Australian Congress have already approved the bill, insuring the bill's progress into national law within months. Under the terms of the Interactive Gambling Amendment (Credit and Other Measures) Bill 2023, operators would…
Union workers at the Detroit MGM Grand are back on the job today after ratifying a new contract that officially ended the 47-day Detroit casino workers strike. The MGM workers were the last of the Motor City casino workers to return to the job after initially rejecting the contract that ended the strike for the…
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 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…
The California Attorney General's Office is launching a new investigation into the legality of daily fantasy sports (DFS) in the Golden State. AG Rob Benta, at the behest of State Sen. Scott Wilk (R) will be taking on the question of whether or not DFS sites are operating legally as games of skill or in…
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, 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…
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