Mega Millions Hysteria Grows, as Jackpot Balloons to $630M

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The Mega Millions jackpot for this Friday, July 22, is an estimated $630 million. The generation-changing sum up for grabs is the fifth-largest prize in the interstate lottery game’s history.

Inspired Entertainment Interesting Idea Ahead of Earnings

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Small-cap gaming supplier Inspired Entertainment (NASDAQ:INSE) is following other gaming technology names lower this year. But its dramatic declines are creating a valuation scenario that may be too compelling to ignore in the eyes of some analysts.

Paddy Power to Close a Number of Sportsbooks as Bettors Move Online

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Paddy Power’s land-based sports betting operations are shrinking. As more bettors choose online platforms for placing wagers, the Flutter Entertainment-owned company will shutter at least 13 shops in Ireland.

Las Vegas Sands Among Top S&P 500 Spenders on Private Jets for Executives

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Spending by S&P 500 companies on private air travel for top executives hit a record last year, and Las Vegas Sands (NYSE:LVS) was among the contributors to that trend.

Belgium’s Legal Gambling Industry to Continue Slide amid Tightened Restrictions

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In Belgium, the Council of State has provided an overview of rulings for the legal gambling industry. For the most part, the council’s confirmation of existing measures only means the industry will weaken.

Joey Chestnut Favored to Wolf Down Most Hot Dogs During Nathan’s July 4 Showdown

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Competitive eating superstar Joey Chestnut is once again the heavy favorite to wolf down the most Nathan’s hot dogs during the company’s annual Fourth of July International Hot Dog Eating Contest.

UK Gambling Commission to Change How It Oversees Gambling Operators

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For years, the UK Gambling Commission (UKGC) has used dedicated account managers for operators. This will no longer be the case, with the gambling regulator announcing changes to its regime.

The Pokies Net Targeted in Australia Illegal Gambling Crackdown

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Australian communications regulator ACMA has ordered internet service providers to block online casino ThePokies.net after data showed it attracted 30,000 Australians each month. The regulator said it had received reports from customers who claimed they weren’t being paid their winnings or that the site was withholding deposits.

Sportradar Launches All-Inclusive Sports Betting Product for Operators

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Getting started as an operator in an industry, especially one as convoluted as sports betting, is a challenge. Sportradar is now offering a new service for sports betting operators that addresses those challenges and makes onboarding easier.

Bally’s Sets $1B Rhode Island Casino Property Deal

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Bally’s (NYSE:BALY) is selling the property assets of its two Rhode Island casinos to Gaming and Leisure Properties (NASDAQ:GLPI) for $1 billion. It will leaseback the venues from the gaming landlord, the companies announced today.

UK Gambling Commission Thinks People Shouldn’t Be Able to Decide If They Can Afford to Gamble

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The UK Gambling Commission (UKGC) is constantly introducing new rules and regulations for the country’s gambling industry, including some that appear overbearing. In its latest initiative, which the regulator presented yesterday, it asserts that consumers can’t be trusted to determine how to spend their money.

DraftKings, Penn National Offer Big Upside Potential, Says Analyst

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In new, sweeping coverage of gaming equities, JMP Securities analyst Jordan Bender highlights downtrodden DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) as two of the stocks offering investors significant upside potential.

Gaming Stocks Could Be Winning Consumer Cyclical Bets, Says BofA

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The Consumer Discretionary Select Sector Index is off 25% year-to-date, and gaming stocks are among the drags on that benchmark. But at least one research firm sees shares of casino operators as the best bets in the consumer cyclical space.

Chris Rock Inducted into Mohegan Sun Walk of Fame

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Chris Rock is the newest member of the Mohegan Sun Walk of Fame.

Argentine Province of Cordoba Could Issue Online Gaming Licenses, despite Resistance

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Argentina’s online gambling segment continues to take shape. Several regions of the country have begun introducing the activity, and the province of Cordoba is ready to join them.

Report Highlights iGaming Profitability

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The American Gaming Association (AGA) recently released its annual “State of the States” report.

BetMGM Announces Poker Championship, Event to Run Opposite WSOP

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BetMGM hopes to give the World Series of Poker (WSOP) a run for its money this summer. The leading iGaming and online sportsbook operator this week announced the debut of its annual BetMGM Poker Championship, which will take place June 23-26 at ARIA Resort & Casino in Las Vegas.

Soccer Match-Fixing Scandal in Argentina Larger Than Thought

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A recent match-fixing scandal involving Argentina’s El Porvenir soccer team may be larger than anyone realized. New details are emerging that have prosecutors scrambling for answers.

Ontario Gambling Regulator Fines BetMGM, PointsBet for Ad Violations

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Well, that didn’t take long. Just one month after the launch of Ontario’s regulated online casino and sports betting market, two operators have been hit with financial penalties for breaching the province’s strict new laws around advertising sign-up promotions.

Rich Strike Gives Racing a Hollywood Story with Kentucky Derby Upset

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They’ve made movies about the Kentucky Derby before. You’ve probably heard about Secretariat, and maybe you’ve heard about 50-to-1, the story of Mine That Bird’s surprise win. At some point, a studio will greenlight the story that unfurled Saturday at Churchill Downs with Rich Strike scoring the second-biggest upset ever.

Maryland Online Sports Betting Delay to Linger Into NFL, College Football Seasons

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Maryland online sports betting won’t likely begin in time for the kickoff of the 2022-23 NFL and college football seasons. That’s the latest from the state agency handling the application and licensing process regarding mobile sportsbooks.

IGT Expands Digital Content Portfolio in $174M iSoftBet Acquisition

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International Game Technology (NYSE:IGT) is expanding its library of digital games in a big way with the $174 million, all-cash acquisition of iSoftBet, a provider of iGaming content.

Arkansas Sports Betting Begins Online, 21st State with Legal Mobile Wagers

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Arkansas has officially joined 20 other states, plus DC, in launching legal online sports betting.

Gaming Sites Across Southeast Asia Targeted by Chinese-Speaking Hackers

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Gaming-related companies across Southeast Asia are under attack. Hackers, reportedly out of China, are targeting operations in the region, and where successful, can gain access to entire gaming networks.

Atlanta Falcons’ Calvin Ridley Suspended for 2022 Season for Wagering on NFL Games

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Atlanta Falcons wide receiver Calvin Ridley will miss at least the entirety of the 2022 NFL season after the league suspended him for betting on games in 2021.

Aspire Global Abandons Russia, Adds New Ground Through Pariplay-Sportingtech Deal

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A partial look at Russia’s Red Square. The future of the country is in doubt as commercial entities pack up following the invasion of Ukraine. (Image: PlanetWare)

Philippines Stays on Gray List Over Casino Junket Money Laundering

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Philippine banknotes, pictured. FATF said that the country’s efforts to follow dirty money trails was improving, but not enough to lose its gray-list status. (Image: The Business Times)

Las Vegas NBA Expansion: Commissioner Adam Silver Says Don’t Soon Bet On It

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The NBA-to-Las Vegas rumor mill may be poised for closure, and a lengthy one at that, as Commissioner Adam Silver refuted the notion the league will be expanding over the next several years.

Spain Wants Public Input on Loot Boxes as the EU Considers Crackdown

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For several years, loot boxes in video games have been a contentious subject in jurisdictions around the world. As Europe prepares to determine whether they are a form of gambling, Spain wants to know what the public thinks.

888 Holdings Reports Triple Profit in Record Year Thanks to Lockdowns

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888 CEO Itai Pazner said the US market remains a huge opportunity for his company, which has created a platform for profitable long-term growth. (Image: 888 Holdings)

Al Capone Casino and Bootlegging Florida Mansion Listed for Sale

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An estate once rumored to be home to an underground casino run by associates of Al Capone looks out over the Intracoastal Waterway. The Florida mansion comes with an asking price of $13.9 million. (Image: Sotheby’s International Realty)

Paddy Power Radio Ad Banned for Garbled Terms and Conditions

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Paddy Power has been forced to tone down its provocative ads, such as the one above during the 2016 US presidential election, in the face of impending gambling reforms in the UK. (Image: Paddy Power)

iGaming, Sports Betting Stocks Looking at Trying Earnings Season, Says Analyst

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Investors are repudiating gaming stocks this year, and with first-quarter earnings season looming, online casino and sportsbook stocks could be particularly vulnerable to more downside.

EuroMillions Winner of $217M Donates Jackpot to Environmental Charity

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A recent EuroMillions lottery winner scored one of the largest prizes possible. But instead of spending the money on yachts, mansions, and fancy clothes, he is giving away most of his fortune to save the planet.

Mets Owner Steve Cohen Pushing for Citi Field Casino

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New York Mets owner Steve Cohen wants to bring a casino to Citi Field, and is cozying up to some important local politicians, including Mayor Eric Adams, to drive forward that effort.

FanDuel Facing Consumer Fraud Lawsuit Over Unreturned Deposits

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A New Jersey man claims FanDuel has violated his state’s Consumer Fraud Act, breached its contract with him, and engaged in a civil conspiracy by not giving him back $300.

Chilean Casinos Upset Over Arrival of Betsson, Investigation Already In Place

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Chile is in the process of attempting to legalize online gaming and sports betting. Betsson reportedly didn’t wait for the arrival, and casinos are denouncing the “illegal” entry of the online gaming company.

Nevada Casinos Extend Unprecedented $1B Winning Streak to 12 Months

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It used to be a thing when Nevada casinos eclipsed the $1 billion mark in a single month. Not anymore.

Kansas Sports Betting Bill Delayed After Surprising Amendment Failure

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A legislative effort to bring regulated sports wagering to Kansas hit an unexpected roadblock Tuesday. That’s when a lottery-related amendment failed on two occasions.

888 Breaks into the African iGaming Market through Joint Venture

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888 Holdings is ready to expand its global reach. The gaming operator with action in all verticals is moving into Africa through a joint venture with established and recognizable gaming names.

DraftKings, Genius Sports Among Worst Stock-Based Compensation Offenders

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Genius Sports (NYSE:GENI) and DraftKings (NASDAQ:DKNG) are the worst offenders in terms of equity-based compensation as a percentage of 2021 gross profits.

Boyd Gaming Paying $170 Million to Acquire Pala Interactive

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Boyd Gaming (NYSE:BYD) said today its Boyd Gaming Interactive unit is paying $170 million in cash to acquire Pala Interactive from California’s Pala Band of Mission Indians.

Bangkok Likely Home of First Thailand Casino

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Not surprisingly, the government committee spearheading the effort to potentially bring casino gaming to Thailand is pushing for the country’s first integrated resort to be located in the capital city of Bangkok.

Pennsylvania Gaming Revenue Continues Slide, February Win Totals $375.6M

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The Pennsylvania gaming industry is now on a three-month revenue slide after posting record revenue in November. Gross gaming revenue (GGR) last month totaled a little more than $375.6 million, which represents a 4.4% month-to-month decline.

Portugal Implements Ban on Publication of Live Odds for Sports Events

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In-game betting is increasingly popular in the sports world. It’s taking a step backward in Portugal, though, following the introduction of a new regulation restricting where sportsbooks can publish their odds.

Thai Monk Hits Big Lottery Win, Gives It All Away

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A Buddhist monk tasted what it’s like to have a huge cache of money after winning the lottery. As quickly as it came, the money went, as the monk decided to give away his fortune.

BetMGM Mishap Leads to $25k in New Jersey Fines

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Last year, BetMGM took a small amount of wagers on New Jersey college basketball teams. But the state prohibits bets on games involving local universities, leading to a fine for the gaming operator.

South Dakota Hotel Sued After Banning Native Americans from Casino Bar

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A Rapid City, SD hotel that threatened to ban Native Americans from booking rooms and visiting its casino bar is facing a class-action lawsuit from an indigenous activist group.’

Crown Resorts Learns Fate in Western Australian as Crown Perth Inquiry Wraps Up

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New South Wales was the first to go after Crown Resorts before Victoria followed. Now, Western Australia has completed its inquiry into the casino operator’s past and has issued its verdict.

Ontario iGaming Operators List Released, 16 Platforms Authorized for April 4 Launch

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Ontario iGaming is coming, whether critics like it or not, on Monday, April 4.

Chile Considering Ban on Sports Betting Advertising Sponsorships

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Chile could become the latest country to ban sports betting advertising in sports events. A legislator with the Independent Democratic Union Party hopes his initiative will lead the way.

Montana Casino Armed Robbery Leads to Woman’s Apprehension

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One woman was in custody, and another appeared to be on the loose after a Sunday night holdup at Magic Diamond Casino. It is located in Billings, Montana.

Maverick Gaming Washington State Sports Betting Suit Temporarily Halted

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A federal judge is temporarily halting Maverick Gaming’s suit against the state of Washington. That action alleges the state is permitting a tribal gaming monopoly over regulated sports betting there.

Philippines Police Officers Arrested for Suspected Link to e-Sabong Kidnappings

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Authorities in the Philippines have charged or are in the process of charging 13 people with crimes linked to the disappearances of at least 34 stakeholders in the country’s fledgling e-sabong (online cockfighting) market. Among them are five serving police officers.

Tiger Woods, Phil Mickelson Draw Masters Action Despite Long Odds of Playing

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Tiger Woods and Phil Mickelson have eight green jackets between the two of them, so the betting enthusiasm behind the two World Golf Hall of Fame members for next month’s Masters isn’t exactly surprising. What is surprising is that substantial wagers continue to roll in on the two, despite little chance of either teeing it up April 7-10 at August National.

Japan Prime Minister Nods at Importance of Casinos for International Tourism

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Japan’s ruling political party is doubling down on integrated resorts. As potential host candidates ready their final presentations, the government is certain casinos will boost international tourism.

World’s Biggest Crypto-Betting Site Founder Just Bought a Mega-Mansion

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The mystery buyer of a A$38.5 million (US$28 million) Melbourne mansion has been identified by Australian media as the 26-year-old cofounder of one of the world’s biggest crypto-betting operations.

Pennsylvania to Distribute $2M in Grants for Illegal Gambling Crackdown

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Pennsylvania police will soon be better funded to crack down on illegal gambling operations.

UK Bettor Claims Sportsbook Owes £5m for Winning Wager

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A Coventry man claims that BoyleSports lost his betting slip worth £5m ($6.5m). [Image: Shutterstock.com]

BetMGM Enters Illinois Just in Time for Mobile Betting Registration

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BetMGM, one of the largest iGaming and online sportsbook operators in the US, announced today it’s accepting sports wagers in Illinois.

New York Lawmakers Seek Inclusion, Lower Taxes in Mobile Sports Betting

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New York’s top gaming lawmakers are teaming up for a proposal that would greatly overhaul how mobile sports betting operates in the state. Not only do they want to expand the number of operators, but they also want to reduce taxes, allow write-offs, and include more minority representation in the industry.

DraftKings Staking Polygon Rewards, Shares Slump on Analyst Downgrade

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DraftKings (NASDAQ:DKNG) is moving further into the cryptocurrency space, announcing today it will stake digital assets to support the Polygon blockchain network. But shares of the gaming company are sliding due to an analyst downgrade.

Mansion Group Gives up on Sports Betting to Focus on Casino

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Mansion Group is exiting the sports betting scene. The gaming operator announced its departure, but added that it will continue its iGaming operations.

Genius Sports, Hard Rock Helped NFL Catch Atlanta Falcons’ Calvin Ridley Bets

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On Monday, the NFL announced Atlanta Falcons wide receiver Calvin Ridley is suspended for at least the 2022 season for placing wagers on league games, including at least one involving his team. In the aftermath of that news, it appears both a data provider and a gaming company played parts in assisting the NFL in its investigation.

Macron Heavily Favored to Win French Presidential Election in Latest Odds

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Emmanuel Macron is running away with the French presidential election. The incumbent leader already had a good head start. But Smarkets data shows that he is extending his odds.

888 Fined £9.4M in UK for AML Failings, License Revocation Threat

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888 Fined £9.4M in UK for AML Failings, License Revocation Threat Posted on: March 1, 2022, 06:05h. Last updated on: March 1, 2022, 01:02h. Philip Conneller Philip Conneller @casinoorgphilc Expertise: Crime, Gaming Business, Regulation. It could be a case of three strikes and you’re out for online gambling behemoth 888.com. On Tuesday, the UK gambling regulator (UKGC) announced it had fined the operator £9.4 million (US$12.6 million) for social responsibility and anti-money laundering (AML) failings.

Kindred, Entain and Others Could Receive Dutch Licenses as Black-Out Period Ends

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The Netherlands’ iGaming market could soon add additional players. The two-year “black-out” period included in gambling law updates in 2022 is coming to an end.

DraftKings Tumbles Despite Strong EBITDA, Addressable Market Forecasts

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A DraftKings poster hangs in New York, above. The company delivered an impressive long-term outlook, but its stock slumped. (Image: New York Times)

Wynn Resorts Folds on Digital Marketing Spend in Favor of Affiliate Model

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A WynnBet advertisement featuring Shaq promoting a risk-free sign-up incentive. Wynn Resorts is scaling back its marketing budgets for its interactive gaming unit. (Image: WynnBet)

Philippines Cockfight-Betting Market May be Suspended Over Mysterious Abductions

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Charlie “Atong” Ang is the owner of e-sabong operator Lucky 8 Star Quest. All of the missing men visited one of the company’s cockpits prior to their disappearance, according to Philippine media. (Image: Business News Philippines)

iGaming Stocks Nearing Bottom, RSI Preferred Idea, Says Analyst

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Traders on the floor of the New York Stock Exchange. An analyst says iGaming stocks could bounce back. (Image: ABC News)

Peru iGaming, Mobile Sports Betting Regulated in New Bill

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Roberto Sanchez, Peru’s minister of of Foreign Trade and Tourism. He hopes a new iGaming bill finds support to bring more than $42 million in revenue to the country. (Image: El Comercio Peru)

‘SLOT Act’ Seeks to Increase Jackpot IRS Threshold to $5K

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A slot machine suspends its operations after a lucky gambler hit a $15,000 jackpot. Attendants respond to such wins to make sure the terminal is functioning properly and to also arrange the proper completing of IRS tax documents. (Image: Shutterstock)

Detroit Mayor Mike Duggan Credits iGaming for Keeping City Budget Afloat

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Detroit Mayor Mike Duggan lays out his 2023 fiscal budget before the City Council on March 7, 2022. Duggan says allowing Detroit’s three casinos to operate online games and mobile sports betting dramatically lessened the financial burden caused by the COVID-19 pandemic. (Image: City of Detroit)

Las Vegas Casinos May See Fewer Visitors Thanks to Soaring Gas Prices, Analysts Say

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A Las Vegas station charging around $5 a gallon for gasoline, pictured above. The station is on Flamingo Road. (Image: Las Vegas Review-Journal)

DraftKings CEO Jason Robins Warns Investors They’ll ‘Regret’ Selling Falling Stock

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DraftKings CEO and Board Chair Jason Robins in an interview last September with CNBC. Since last September, shares of DraftKings have dropped by more than $46. On Tuesday night, Robins said the company would work to make people “regret” selling their stock. (Image: CNBC)

Macau Gross Gaming Revenue, Visitation, and Employment All Down

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Tourists walk along Macau streets. The number of visitors dropped recently as COVID-19 concerns in mainland China remain high. (Image: Cest La Vie)

Las Vegas Reid Airport to Add Flights from Breeze Airways Starting in June

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Harry Reid International Airport, pictured above. The Las Vegas airport will see flights added from a new budget airline called Breeze Airways later this year. (Image: Wikimedia Commons)

Station Casinos Durango Resort Officially Under Construction in Southwest Las Vegas

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Site work at Durango, A Station Casinos Resort is seen on March 4, 2022, with the Las Vegas Strip in the background. Station Casinos has budgeted $750 million to construct a local casino on the 71-acre tract. (Image: Las Vegas Review-Journal)

Wakayama Officials Scrambling to Submit Casino IR Plan by April Deadline

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Wakayama Governor Yoshinobu Nisaka speaks at a prefecture tourism event in 2019. Nisaka is urging prefecture lawmakers to quickly approve of the region’s plans to host an integrated resort casino. (Image: Inside Asian Gaming)

Gambling Debt Leads Malaysian Man in Singapore to Life of Crime

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A typical courtroom in Singapore. One like this is where a Malaysian man learned his fate this week after robbing a pawnshop for gambling money. (Image: Singapore Judiciary Court)

Caesars CEO Tom Reeg Buys 10,000 Shares, Stock Draws Analyst Praise

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Caesars CEO Tom Reeg in a 2021 CNBC interview. He bought 10,000 shares of the company’s stock. (Image: CNBC)

MGM Investor Barry Diller Hits ‘Lucky Bet’ on Activision Options, Draws Federal Scrutiny

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IAC Chairman Barry Diller at the Wall Street Journal Digital Conference in 2017. His options bet on Activision is being investigated by federal regulators. (Image: Reuters)

Wisconsin Sports Betting Set for Milwaukee As Gaming Compact Amended

A third tribal nation in Wisconsin is on the verge of offering sports betting at its casinos.

Seek Thrills and Win up to 2000x Your Bet With BGaming’s Squidpot Slot

BGaming, creators of the ever-popular slot game Elvis Frog in Vegas, presents TV show fanatics with another hit video slot. Drawing inspiration from the most-watched show on Netflix, the software developer created Squidpot.