Another landmark Las Vegas hotel and casino is headed for a date with a wrecking ball this spring when the fabled Tropicana Las Vegas will be torn down to make way for the new Las Vegas A's baseball stadium. It's just the latest chapter in Sin City's effort to re-brand itself as Sportstown USA. The…
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…
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…
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…
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…
The Florida Supreme Court rejected West Flager Associate's bid to halt the Hard Rock Seminole's launch of mobile sports betting products statewide. Officials at West Flagler, which is a parimutuel outfit that runs jai alai operations, argued unsuccessfully that the State of Florida was acting outside of its authority to authorize new gambling products by…
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.…
ESPN BET launched this week in 17 states and is expected to be a major player in the regulated US sports betting market. The new sportsbook is a team effort by Penn Entertainment and ESPN and will be using the network's considerable reach among sports fans to build its customer base. When it launched, ESPN…
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