US lawmakers have scheduled a hearing for December 9 to discuss the future of the anti-online gambling bill known as the Restoration of America's Wire Act (RAWA). If passed into law, RAWA would overturn the Department of Justice's 2012 ruling that overturned the old US Wire Act and, essentially, put the power to legalize online…
The daily fantasy sports business, and its legion of name brand investors, are the target of a new class-action lawsuit that may turn into the biggest headache the industry has yet seen, according to report on SI.com. Early Saturday morning, Florida attorney Ervin Gonzales filed the class action lawsuit, o that could turn into the…
A bill that would legalize online gambling in Pennsylvania is making its way through the legislative process, but is still a long way from becoming a Keystone State law. Earlier this week, the Pennsylvania House Gaming Oversight Committee approved HB 649, which paves the way for regulated online gambling; airport slot machines; and 24 hour…
Last week at this time the daily fantasy sports industry was blanketing the US airwaves with advertising and looking at the prospect of massive growth and massive revenues. Well, that was then and this is now. This week, DraftKings and Fan Duel, the two largest DFS sites, are fighting for their lives as fallout from…
The New Jersey gambling market has turned into something of a test laboratory for the emerging American online gambling market. That's because Garden State gaming regulator are seriously motivated (read: desperate) to do whatever they can to help local casino operators get an edge on the market. In practical terms, that means they're not afraid…
In the gambling business, a few demographic stereotypes are generally held up as the Gospel truth. Specifically, there's long been a belief that Australians are the biggest gamblers in the world and that at least one Asian-Pacific country, usually China, is in a not-too-distant second place. As it turns out, those stereotypes aren't necessarily supported…
A new coalition of business and gaming industry advocates are telling Congress that it has no legal standing for meddling with the online gambling business. Member of the coalition include the American Conservatives Union, The Center for Freedom and Prosperity, and a host of other generally conservative lobbying groups. In a letter to House Judiciary…
Wynn Interactive is pulling its application for a New Jersey online gambling license, according to multiple published reports. The influential casino company, and its enigmatic leader Steve Wynn, were fairly quiet about what's behind the withdrawal. In a letter to New Jersey Division of Gambling Enforcement (DGE) head, David Rebuck, Wynn attorneys said only: At…
If you thought that ESPN's college football included a lot more sports betting talk than usual, you were right. Last week, the sports media giant quietly began announcing college football point spread betting news as part of its regular Saturday College Football Gameday coverage. To Europeans and Australians, the move must seem tame to the…
Caesars Entertainment Corporation stock took a massive plunge this week after a judge's decision to allow creditor lawsuits against the casino operator to proceed. At one point during trading on Wednesday, when the decision was announced, Caesars stock plummeted a whopping 60% to just $3.30. By the end of trading, the company's stock was back…
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