Author: Adam Roarty
Posts by Adam Roarty
Hard Rock Bet and ESPN Bet reported the most bets in a single day ever on May 9th, after Prevost was elected on May 8th
DraftKings CEO Jason Robins has added his two cents to the growing talk around prediction markets in sports betting. In the company’s Q1 earnings call on Friday, Robins commented, “We continue to actively monitor the events surrounding federally regulated Prediction Markets, including recent court cases.” Robins believes that the trend of companies such as Kalshi, […]
President Bill Hornbuckle signed a new deal with MGM Resorts to extend his contract to 2028, the company announced on Thursday. Hornbuckle became CEO and President during the COVID-19 pandemic in 2020, succeeding Jim Murren. He has been at the company since 1998 when he was appointed executive vice president of operations at the MGM […]
A bill in New Jersey that proposes banning online sweepstakes casinos advanced in the Assembly on Thursday after two months of inactivity. The Assembly’s Tourism, Gaming, and the Arts Committee voted unanimously in favor of bill A5447. Assemblymen Clinton Calabrese and Sterley Stanley introduced the bill in March, aiming to stop the spread of sweepstakes […]
Taliban leaders in Afghanistan have banned chess in the country over concerns the game is a source of gambling. Under the government’s morality law, all forms of gambling are illegal and chess is the latest pastime to come under scrutiny. Sports directorate spokesperson Atal Mashwani announced that, “Chess in sharia (Islamic law) is considered a means […]
Perth-based gambling billionaire Laurence Escalante gave an expletive-laden rant to investors, telling them to sell their shares in his gaming business Virtual Gaming Worlds (VGW) if they don’t trust him. The rant came on Telegram where Escalante faced questions about the transparency of the company’s financial reporting. Last year, VGW moved to annual reporting of […]
The CEOs of Flutter and PENN Entertainment confirmed that the companies are considering launching prediction markets in the US market. Flutter CEO Peter Jackson commented on the topic during the company’s Q1 earnings call, where reported revenue was lower than expected, and prediction markets could be a way to increase company profits in the future. […]
Alberta lawmakers passed the iGaming Act on its third reading with no amendments on Wednesday. The bill proposes to expand Alberta’s legal betting industry, which currently is limited to one sports betting app, PlayAlberta. Service Alberta Minister Dave Nally’s Bill 48 now just needs the seal of approval of Lieutenant Governor Salma Lakhani to become legal. […]
Two bills that proposed to legalize sports betting in Oklahoma failed to gather enough votes to make it out of the Senate on Thursday. Both bills fell short by just one vote from progressing. House Bill 1047 would have required Gov. Kevin Stitt’s signature to be activated, but Stitt had already commented that he intended […]
The General Directorate for the Regulation of Gambling (DGOJ) has announced that it imposed sanctions totaling more than €140 million (€142,721,000) on online betting and gambling operators in Spain during 2024. In the second half of the year, fines totaling €77 million were issued to 26 operators. Of these, 14 were foreign operators penalized for operating […]
A bill in Connecticut that proposes a ban on sweepstakes casinos and lottery couriers will go before the full Senate for consideration. Senate Bill 1235 cleared the Legislative Commissioner’s Office on Monday, after being introduced in February this year. It was unanimously approved 22-0 in the General Law Committe in March before a 37-0 vote in […]
Flutter CEO Peter Jackson reported that customer-friendly results in March Madness put a dent in the company’s earnings in the first quarter of the year. The gambling giant reported Q1 revenue of $3.67 billion, lower than Wall Street expectations of $3.84 billion. This led to earnings of $283 million for the company in the first […]