Commercial Gambling Industry Achieves National Revenue Record In Q1, AGA Reports
The whole pie keeps growing, but no sector is doing so faster than iGaming, which produced $1.98B in revenue in Q1, a 26.1% increase.
September 9, 2024
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News
Running Aces Updates Lawsuit Against Minnesota Tribal Casinos With Additional Alleged Federal Law Violations
Running Aces alleges, among other things, that the tribal casinos are offering video slots and video games of chance that violate state laws.
September 9, 2024
Sharp Alpha Advisors Closes $25M ‘Fund II’ To Drive Innovation In Sports, Gaming, And Entertainment
The closing of this fund marks a significant milestone for Sharp Alpha, reflecting the strong investor confidence in the company.
September 9, 2024
Push To Raise IRS Reporting Threshold For Slot Winnings Gains Momentum
The IRS may respond favorably to lawmakers advocating to raise the IRS reporting threshold for slot machine winnings from $1,200 to $5,000.
September 9, 2024
Alabama Legislature Stalls On Lottery And Gambling Bills, Gov. Ivey Says No Special Session
Efforts to add a lottery and casinos in Alabama have failed this year as the legislative session ends with no progress.
September 9, 2024
AGS To Sell To Brightstar Capital Partners For $1.1 Billion
The AGS board unanimously approved the deal, which would give shareholders $12.50 per share in cash — pending shareholder approval.
September 9, 2024
Former MGM Grand Boss Sibella Avoids Jail In Illegal Betting Case
A federal judge has sentenced former MGM Grand President Scott Sibella to one year of probation for his role in an illegal betting scandal.
September 9, 2024
Shohei Ohtani’s Ex-Interpreter To Plead Guilty In $17 Million Embezzlement Case
Mizuhara will be arraigned on May 14, when he is expected to formally admit guilt to the charges of bank fraud and tax evasion.
September 9, 2024
New Online Poker Bill Introduced In New York
New York state Sen. Joseph Addabbo has introduced a bill to legalize online poker in the state, although it faces several challenges.
September 9, 2024
Alabama Could Lose Out On $1.2B Annually If Gambling Legislation Falters
With only days left before the end of the 2024 legislative session, Alabama lawmakers seem to be at a stalemate on gambling expansion.
September 9, 2024
