Endeavor is selling OpenBet and IMG Arena to OB Global Holdings LLC in a blockbuster $450 million deal. It's a big move that shows the challenges, and promise, of US-facing sports betting properties. The OpenBet deal is a management buyout that's backed by Ariel Emanuel with the participation of OpenBet CEO Jordan Levin. A management…
The life of a gaming industry executive is nothing if not a tremendous balancing act. In today's market, casino executives must do a delicate dance that involves engaging customers both online and at land-based casinos. Gaming companies that emphasize one of these markets too much are in danger of starving the other. Ignore one of…
In 2023, the US gaming industry spent more on responsible gaming initiatives than it had ever spent in a single year. That’s the main takeaway from a recent study published by the American Gaming Association (AGA). According to the AGA’s research, the US-facing gaming industry spent a mind-blowing $471.8 million in 2023 in its efforts…
When Jaqueline Davis won $3 million playing online roulette at BetMGM in Michigan back in 2021, she thought that her ship had arrived. Her dreams of sudden wealth quickly faded when the operator refused to pay out her jackpot claiming that the game was malfunctioning. The two sides have been battling in court ever since…
A Georgia woman named Destiny Kennedy is suing VGW, the operator of popular free-to-play online casinos, for engaging in illegal gambling in her state. The lawsuit, which was filed in Georgia Northern District Court seeks to recoup the losses Kennedy incurred at the site and is seeking class-action status. If successful, Kennedy's lawsuit would force…
Seven of the largest regulated online gambling operators in the United States are joining forced to form an new, independent trade group called the Responsible Online Gaming Association (ROGA). The ROGA will be tasked with writing up an industry-wide best practices document that's aimed at keeping problem gambling check in check and providing customers with…
Maryland voters will likely get a chance to vote on legalizing online casinos this fall after a crucial bill passed out of the Bay State House and is now headed for a vote in the Senate. If approved by the Senate, Maryland voters will have the opportunity to approve (or reject) regulated online casinos on…
Can US-facing sports betting operators make a profit without the revenue generated by in-game wagering? If a new bill legalizing sports betting in Minnesota passes into law, they will definitely find out. Lawmakers in the Land of 1,000 Lakes are hoping that the absence of in-game wagering will reduce problem gambling when sports betting is…
Late last week, Ohio gaming regulators moved forward with a plan to ban individual player prop bets for all college sports. The move comes just one year after the Buckeye State implemented regulated sports betting and is a move that has already been implemented by 20 US States. Ohio's ban on college player prop bets…
Is US President Joe Biden heading for a historic loss when voters head to the polls in November? That's the very hot take taken by punters at Betfair Exchange. President Biden's chances of staying in office supposedly plunged this week after a partisan report criticizing his cognitive abilities was released to the public by Republican…
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