MaximBet is ceasing all operations as the US sports betting market finishes out a period of extremely rapid growth and enters what is likely a long period of consolidation. The operator posted the announcement on MaximBet.com late on Wednesday, and gave players until December 15 to withdraw their funds. In an email version of the…
Ireland is completely re-tooling its gaming regulatory structure with the launch of a new regulator, the Gambling Regulatory Authority, and a host of new regulations for it to enforce. The GRA is tasked with updating the rules governing online and land-based gaming - including licensing and player protection regulations. One of the more significant elements…
Americans may lag behind the rest of the world when it comes to soccer fandom, but the American Gaming Association (AGA) predicts that as many as 20.5 million Americans will collectively wager $1.8 billion on the 2022 FIFA World Cup. This particular prediction comes courtesy of the AGA's first-ever survey on World Cup wagering. So…
Almost a third of children in the United Kingdom have gambled with their money over the course of the course of the last year. That's the main finding from the UK Gambling Commission's (UKGC) recently released report titled, Young People and Gambling Report. The report, which was produced by a firm called Ipsos, was once…
The US gaming industry had its highest earning quarter to date in Q3 2022. That marks the second time this year that the business has broken its own revenue record and the future looks just as good, or better, for US-facing operators. All told, US operators took in an astonishing $15.17 billion in revenue for…
California voters shot down two ballot measures aimed at bringing regulated sports betting to the Golden State. These defeats come despite the fact that the supporters of the bills spent an eye-popping $600 million in their efforts to turn the doomed bills into law. Proposition 26 would have allowed existing tribal gaming interests to offer…
Late last week a federal arbitrator in New York issued a ruling allowing the Fox Corporation to exercise an option to purchase a stake in the sports betting operator FanDuel. The decision is the end result of a complicated business deal that allows Fox Corporation to purchase 18.5 percent of Flutter Entertainment-owned FanDuel. At the…
Houston furniture dealer Jim McIngvale (aka, Mattress Mack) won $75 million this weekend this weekend when the Houston Astros won the World Series in games against the Philadelphia Phillies. Mack’s $30 million wager on his hometown favorites to win baseball’s big prize puts him in the history books as the biggest US sports bettor ever,…
It's no secret that the booming regulated US sports betting industry is extremely cyclical. While Americans love wagering on sporting events all year round, American football season is when the bulk of the action takes place, as Colorado's recently released gaming revenues for September, 2022 prove without a doubt. According to the Colorado Department of…
Caesars Entertainment Inc. will be holding on to all of its Las Vegas properties, and won't be spinning off its digital unit as a standalone company just yet. Those are the two main takeaways from the company's recent Q3 earnings call to investors, which took place earlier this week. Earlier in 2022, company officials had…
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