Author: Adam Roarty
Posts by Adam Roarty
Maryland's Governor has signed off on a bill that will raise the sports betting tax in the state from July this year.
A new bill was introduced in Ohio on May 20, proposing to both legalize online casinos and ban sweepstakes casinos.
Flutter announced the issuance of $2.8 billion in senior secured notes, maturing in 2031, to finance its acquisition of Snaitech Italia. The gambling giant acquired the Italian sports betting company last month for €2.3 billion.
Minnesota has again failed in efforts to legalize sports betting. The legislative session ended Monday with no progress on a proposal by lawmakers.
Prediction market platform Kalshi announced a partnership with Elon Musk's AI company, xAI, only to backtrack and retract the statement.
VGW, the company behind Luckyland Casino, Chumba Casino, and Global Poker, has established a new sweepstakes casino advocate group, the Social Gaming Leadership Alliance (SGLA).
Underdog Fantasy has relaunched its draft games in New York after a two-month enforced absence. At the moment, not all daily fantasy sports (DFS) products are available, for example, against-the-house or the P2P version of the Underdog pick’em product.
A bill introduced last week in Ohio proposes making the state the first in the US to place a tax on the betting handle in addition to gaming revenue.
Light & Wonder finalized the $1.05 billion acquisition of Grover Gaming's charitable gaming assets. The deal includes a $850 million upfront payment and a potential $200 million earn-out over four years.
Wynn Resorts has agreed to pay a $5.5 million settlement to the Nevada Gaming Control Board (NGCB) for anti-money laundering violations.
Senior horse racing leaders have spoken out against raising tax rates to align with UK online casinos, which currently pay a higher rate.
Codere Online Q1 results showed an overall 8% increase in net revenue, up to €57 million. Despite currency swings, performance in Latin American markets, namely Mexico, Colombia, and Argentina, was strong. If discounting currency swings, revenue increased by 17%.