Gaming News : Gaming Articles

Need for tax revenue may speed up sports betting legalization, Penn National Gaming CEO says
- May 12, 2020
The economic consequences of the coronavirus could speed up sports betting legalization, Penn National Gaming CEO Jay Snowden told CNBC on Thursday. “We think that this legalization process that is happening at the state level stands to accelerate, and we really think we’ll benefit from that because we operate in more states than any gaming company in the world,” he said on “Power Lunch.”
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Shut casinos hit Caesars as COVID-19 puts gambling industry in survival mode
- May 12, 2020
Caesars Entertainment Corp missed quarterly revenue estimates on Monday as it shuttered its casinos amid nationwide lockdowns to contain the spread of the COVID-19 pandemic.
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UFC Event Provides Major Sports Betting Boost, Handle ‘Comparable To Full Weekend Of NBA Games’
- May 12, 2020
The handle created was an MMA record for many sportsbooks, despite the fact that the Justin Gaethje-Tony Ferguson lightweight main event was a replacement bout and not a long-anticipated mega-fight.
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James Jordan’s death and the Michael Jordan gambling conspiracy theory
- May 12, 2020
It’s well known Michael Jordan had a bit of a gambling habit, but Sunday’s episode of “The Last Dance” showed just how big the story got — with some even speculating it had something to do with his father’s murder.
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Billy Walters, successful sports bettor tied to Phil Mickelson, released from federal prison
- May 8, 2020
Billy Walters, perhaps the most successful professional sports gambler in the U.S., is out of a federal prison in Pensacola, Florida, and will finish the rest of his five-year sentence under home confinement in Carlsbad, California.He is out of prison, according to a Casino.org report, because at 73, Walters is vulnerable to COVID-19, which is surging in prisons across the U.S. His original release date was Feb. 14, 2022. His sentence will now end Jan. 22, 2022.
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Report: Preakness Stakes to be Held in October
- May 8, 2020
The 145th GI Preakness S. could be held Oct. 3, per a report by NBC affiliate WBAL TV. “The TV time is booked, and the 145th Preakness S. will be held Oct. 3 on NBC,” the report read.
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The Seminole hope to convince Florida on mobile sports gambling
- May 8, 2020
It now hopes to expand its coverage, working with state lawmakers on a deal that would allow the tribe to launch a mobile sportsbook. The move could be a win-win for both the tribe and the state, the-seminole-hope-to-convince-florida-on-mobile-sports-gambling-mincollectively suffering because of the coronavirus lockdown on retail casinos, but the final decision isn’t in the hands of either the tribe or the lawmakers. It rests in the hands of Florida residents.
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With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?
- May 8, 2020
With results that show how COVID-19 closures are impacting the gaming industry, Wynn Resorts Ltd. reported a net loss of $402 million for the first quarter of 2020. While the results mark a drop into the red from income of almost $105 million a year before, CEO Matt Maddox foresees built-up demand waiting to be released for leisure activities.
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Why Gambling Tech Companies Both Popped and Dropped Today
- May 7, 2020
Online sports betting was hot on Wednesday.
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Famous fans to star in PokerStars’ charity tournament
- May 7, 2020
‘Stars Call for Action – Powered by PokerStars’ will be hosted at PokerStars and broadcast live on Twitch, Facebook and YouTube. Viewers are invited to join hosts James Hartigan and Lex Veldhuis, as well given the option to donate to the cause via specific buttons on the platform of their choice
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Maryland takes $60 million revenue hit from closed casinos in April
- May 7, 2020
With Maryland’s casinos dark in April to help prevent spread of the coronavirus, the state of Maryland took a roughly $60 million revenue hit in April and is down more than $85 million in the past 10 months, compared with the previous year, the state Lottery and Gaming Commission said Tuesday.
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Flutter Entertainment completes merger with Stars Group
- May 6, 2020
Flutter Entertainment, the parent company of Paddy Power Betfair and FanDuel, has announced the completion of its acquisition of and merger with The Stars Group (TSG). The mega-merger, first agreed in October 2019, saw Flutter purchase all of the shares in TSG and join together with the operator to create a combined operation with annual revenue of £3.8bn (€4.3bn/$4.7bn).
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