Kansas Sports Betting Bill Delayed After Surprising Amendment Failure
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.
Archive for month: August, 2022
888 Breaks into the African iGaming Market through Joint Venture
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
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
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
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
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
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
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
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.