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DraftKings has announced to acquire the lottery app Jackpocket for $750 million, a decision set to increase its annual revenue by as much as $340 million. The payment for this acquisition will be covered by DraftKings, with approximately 55% of…
Last week, the Nevada Supreme Court delivered its verdict on a defamation lawsuit brought by casino mogul Steve Wynn against the Associated Press, stemming from a 2018 article that highlighted sexual misconduct allegations against him. The lawsuit was dismissed, with…
During the announcement of its financial results, Betsson, one of the world’s online gambling titans, revealed a revenue increase of 22%, totaling €948.2 million ($1 billion) in 2023. This growth was notably organic, accounting for 40% of the total increase.…
The 55th World Series of Poker (WSOP) is set to dazzle the poker world from May 28 to July 17, 2024, with its schedule now public. This much-anticipated poker festival will unfold at Horseshoe Las Vegas and Paris Las Vegas,…
The Australian Communications and Media Authority (ACMA) has escalated its efforts to combat illegal online gambling by directing Australian internet service providers (ISPs) to block access to a dozen more websites found to violate the Interactive Gambling Act 2001. The…
The narrative surrounding online gaming and its impact on traditional casinos has taken a positive turn, according to a recent study. Conducted by Eilers & Krejcik Gaming (EKG) on behalf of the iDevelopment and Economic Association (iDEA Growth), the research…
The Alabama House Economic Development and Tourism Committee recently passed a critical bill aimed at expanding gambling within the state. This legislation seeks to introduce a lottery, sports betting, and casinos, marking a significant move towards gambling legalization in Alabama.…
MGM Resorts International recently announced its financial outcomes for both the final quarter and the entirety of 2023. The company saw its Q4 net revenues climb to $4.4 billion, marking a 22% rise from the previous year, thanks to eased…
The Asian Poker Tour (APT) is set to host its most ambitious poker festival to date, APT Taipei, from February 28 to March 10. This year’s festival is breaking records with 105 trophy events and prize pools totaling over TWD…