One Volatile Bitcoin traded for as high as $20,000 at the end of 2017. It has now dropped to below $4,000. Anthony Cabot, a distinguished fellow in the Gaming Law said to use bitcoin or any other crypto currency to stake is “at best, a long way off.”He pointed out that licensed brick and mortar […]
The Supreme Court in Pennsylvania has ruled in favor of the top casinos in the state after they argued that the tax levied on their profits was unjust. According to the Supreme Court ruling, it was unlawful for Sands and Parx to pay the same percentage towards a fund as other casinos in Pennsylvania that […]
A casino burglar was caught on camera taking money from the Red River South Casino on Tuesday. The Bossier Parish Police, in Louisiana, has asked the public to help them locate her. The robbery happened at the casino right before noon. The surveillance footage displays a female suspect going into the casino office using a […]
Both the Houses in Tennessee and Colorado voted to accept sports betting bills. The votes for Tennessee came around lunchtime. However, Tennessee has been historically uncertain to grow the gambling industry. And Colorado has also been thinking about the legalization of sports betting for some time. Colorado followed about an hour later with their votes. […]
Lucky Dragon Casino, off the Las Vegas strip, is one of the shortest-lived casino projects in Sin City. For just $36 million, the Lucky Dragon will now become a ‘non-gaming’ venue and conference space. Most off-strip casinos have a little success, but the venue fell into debt quickly after it was built. Back in 2016, […]
News just broke about PokerStars fined with a $10,000 fine from New Jersey gambling regulators for taking wagers on New Jersey college basketball teams. The move was in violation of the state’s sports betting law, which does not allow wagers on prohibited events. The levy is by far the largest fine related to sports betting […]
US Rapper, Nipsey Hussle, who was murdered on March 31st, has been named as an investor in the renovation of Hard Rock Hotel and Casino in Las Vegas. The transformation of the hotel will be headed by British Business Mogul and billionaire, Sir Richard Branson. The will be Branson’s first step in the gambling industry. […]
Boxing fans were left seething with anger after Floyd Mayweather teased them with a possible comeback into the ring. While a promotional campaign was conducted, the announcement was not what people had been hoping for. Money, as he is affectionately known in boxing circles, revealed that he was entering into a partnership agreement with fantasy […]
New Jersey’s online betting venues have received an exponential hike in profits in March; more than ever before. According to a report released by the New Jersey Division of Gaming Enforcement, the state recorded a $39.1 million revenue boost. The hike is $5 million above the previous month.A lot of the increase in revenue can […]
The state in Ohio has recouped more than US$10 million from gambling jackpot winners for child support. The Department of Job and Family Services found that the money for child support had not been paid by the winners gambling at casinos, racinos and national lottery. Exactly 6 353 jackpots were seized over the past five years. […]