FanDuel Partners New Bally’s Casino Owner to Expand in Atlantic City

FanDuel Partners New Bally’s Casino Owner to Expand in Atlantic City

by October 30, 2020

FanDuel has expanded its existing partnership with casino operator Twin River Worldwide Holdings in a move that will see the sports betting firm launch a FanDuel Sportsbook inside Bally’s Atlantic City Hotel & Casino.FanDuel and Twin River’s partnership first came to fr ...

Illinois Gaming Board Delays New Casino Licenses

Illinois Gaming Board Delays New Casino Licenses

by October 30, 2020

The Illinois Gaming Board is pushing back its decision on new casinos in the state, including two in Chicago suburbs, saying that its work has been impacted by the coronavirus crisis.Gov. J. B. Pritzker approved last summer a sweeping gambling reform package that, among othe ...

UK Gambling Watchdog Scolds Three Ops for AML, Social Responsibility Failings

UK Gambling Watchdog Scolds Three Ops for AML, Social Responsibility Failings

by October 29, 2020

The UK Gambling Commission has chastised three locally licensed operators after detecting serious weaknesses in their social responsibility and anti-money laundering practices, news emerged this week.The watchdog said it has reviewed the UK online gambling licenses held by B ...

Twin River to Rebrand as Bally’s Corporation to Revive Iconic Casino Brand

Twin River to Rebrand as Bally’s Corporation to Revive Iconic Casino Brand

by October 29, 2020

Casino operator Twin River Worldwide Holdings is set to change its name to Bally’s Corporation after it purchased earlier this month the worldwide rights to the Bally’s brand from Caesars Entertainment Inc. in a $20 million deal.The change of name is set to become effective o ...

Gambling Operators’ Exodus Undermines Manila Property Market

Gambling Operators’ Exodus Undermines Manila Property Market

by October 29, 2020

Online casino operators quitting Manila and their employees gradually emptying the Philippine capital’s residential towers are pulling rent prices down and the worst has not even come yet, according to a recent report by property broker KMC Savills Inc.The Philippines’ once ...

Newly-Founded iGaming Studio Arcadem Unveils Content Deal with ORYX

Newly-Founded iGaming Studio Arcadem Unveils Content Deal with ORYX

by October 28, 2020

Recently formed online casino games studio Arcadem has teamed up with gambling software provider ORYX Gaming in a deal that will see Arcadem integrate its content onto its partner’s ORYX RGS platform.Arcadem was founded in 2020 by a duo of experienced iGaming professionals. ...

Pragmatic Play Grows Colombian Footprint with Luckia

Pragmatic Play Grows Colombian Footprint with Luckia

by October 27, 2020

Online casino games maker and supplier Pragmatic Play is set to further strengthen its Colombian foothold through a recent deal with iGaming operator Luckia.Under the terms of the deal, Pragmatic Play will supply its entire slots portfolio to the online gaming operator....

Ohio Man Sues Apple over Illegal Casino-Style Game Apps

Ohio Man Sues Apple over Illegal Casino-Style Game Apps

by October 27, 2020

Class-action lawsuits in different states have kept pouring against Apple in recent weeks, with plaintiffs claiming that the tech giant promotes and profits from apps on its App Store that constitute illegal gambling under these states’ laws.The most recent such suit was fil ...

Genius Sports Confirms Latest Gambling Industry SPAC Merger

Genius Sports Confirms Latest Gambling Industry SPAC Merger

by October 27, 2020

Sports data provider Genius Sports Group agreed this week to go public in a SPAC merger with dMY Technology Group II valued at $1.5 billion.The transaction is subject to dMY II’s shareholders voting in favor as well as to other customary closing conditions and is expected to ...

Las Vegas Sands Mulls Sale of Vegas Strip Casinos

Las Vegas Sands Mulls Sale of Vegas Strip Casinos

by October 27, 2020

Casino powerhouse Las Vegas Sands is exploring shedding its Las Vegas portfolio of resorts as it no longer deems these core to its business, according to people with knowledge of the matter.Sands is understood to be working with an adviser to solicit interest for its Venetia ...

Advisers to Share £165 Million in Fees for Caesars-William Hill Deal

Advisers to Share £165 Million in Fees for Caesars-William Hill Deal

by October 26, 2020

The four investment banks that advise Caesars Entertainment Inc. and William Hill on the casino operator’s proposed acquisition of the British bookmaker will trouser a collective £165 million in fees for their work, according to documents published on Monday.Barclays, Citigr ...

Caesars, 888 Push Back Online Poker Launch in Pennsylvania

Caesars, 888 Push Back Online Poker Launch in Pennsylvania

by October 26, 2020

For a brief moment, it seemed that WSOP.com’s launch in Pennsylvania was imminent. However, news emerged late last week that fans of the online poker brand in the Keystone State will have to wait until at least next year.A representative for WSOP confirmed that the launch ha ...

IRS Reaffirms Claim that Fantasy Sports Should Be Taxed as Gambling

IRS Reaffirms Claim that Fantasy Sports Should Be Taxed as Gambling

by October 26, 2020

The US Internal Revenue Service (IRS) has recently reasserted its position that daily fantasy sports (DFS) are a form of gambling and DFS companies should be viewed and taxed as gambling operators.In a recent memo, the IRS has addressed fantasy sports and whether these should ...

Australian MP Looks to Crack Down on Gambling Ops Taking Stolen Money

Australian MP Looks to Crack Down on Gambling Ops Taking Stolen Money

by October 26, 2020

A bill seeking to make gambling operators liable if a gambler is placing bets with stolen money has emerged in the Australian Parliament.The legislation, titled Making Gambling Businesses Accountable, is authored by Federal Independent MP Andrew Wilkie. If passed, it will am ...

Pragmatic Play Signs Slots, Live Casino Deal with GrooveGaming

Pragmatic Play Signs Slots, Live Casino Deal with GrooveGaming

by October 23, 2020

Provider of content for the iGaming industry Pragmatic Play has partnered fast-growing Israel-based casino games aggregator GrooveGaming to further grow the audience its products are available to.Under the terms of a recently signed agreement between the two companies, Pragm ...