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U.S. sports betting may bring worth $5 billion profits by 2023

According to Jefferies, the booming US sports betting market is expected to bring $5 billion in profits by 2023 with here British betting stocks set to soar as a result of this A target price has been raised by the bank’s analysts on UK- listed trio Flutter Entertainment, which was formerly known as Paddy Power, William Hill and Ladbrokes..
6 years ago

Casino operator ‘Melco’ pull off Crown deal as Coronavirus hits travel

Casino operator Melco Resorts & Entertainment Ltd (MLCOO) has dropped down a stake purchase from Australia’s Crown Resorts Ltd (CWNAX) regarding decreasing number of travelers and casino closure due to onset of Coronavirus Melco which was a US listed operator dropped the second tranche of a 1999% buy-in of Crown from billionaire James..
6 years ago

GamingIndia to host First-Ever National Poker Series in April

India for the time will be hosting the National Poker Series from 29th April 2020 to 5th May 2020 In order to provide experience to Indian players, the National Poker Series will aim at bringing international poker fanatics under one roof and it is expected to play a huge role in promoting the game of poker in the country Legal status of Poker in..
6 years ago

Biggest Japanese Consulting Firm planning to launch New Cryptocurrency Index

The largest Japanese consulting firm Nomura Research Institute (NRI) has recently partnered with cryptocurrency investment solution provider intelligence Unit (IU) and is now ready to launch a tradable cryptocurrency index In a press released published on Jan 29, the firm will name the news index NRI/IU Cryptocurrency Asset Index and it will be..
6 years ago

PointsBet to Enter Into its Third State, Betting License Approved in Indiana

The Indiana Gaming Commission (IGC) on Monday has announced that the PointsBet has received its temporary sports betting vendor license The Australian-based sportsbook has already active in New Jersey and Iowa as mobile sports betting options Now even though getting the license is the final step in the process before being able to launch..
6 years ago

Bribery scandal compels Japan to delay the policy for selecting casino resort host cities

The government Of Japan is likely to delay the selecting process of casino host cities because of a bribery scandal that has seen the arrest of ruling-party lawmaker Tsukasa Akimoto, according to sources Earlier the government planned to lay down the basic policy to determine the guidelines for selecting cities, at least by the end of this month..
6 years ago

Potomac Winter Poker is all set to start in February at MGM National Harbor

MGM National Harbor is ready to host one of the Mid-Atlantic’s premier poker series along with their Potomac Winter Harbor in the upcoming month The 14- event series is scheduled to take place from 5th to 17th February 2020 The series which is going to feature 14 events as mentioned above will guarantee a prize pool of more than $1 million..
6 years ago

U.S seems more open to digitalise currency as 36% of SMEs now accept Cryptocurrency payments

Around one-third of US small and medium-sized (SMEs) are now accept cryptocurrency as a mode of payments for their goods and services A survey has been done by American insurer Hartford Steam Boiler (HSB), reveals that newer companies are twice as likely to accept cryptocurrency payments and in digital credits The survey was pursued by HSB and..
6 years ago

Indiana see 28% rise in sports betting revenue in December 2019

A total of $12 million revenue has been received in sports betting off $1618 million handle by Indiana’s sportsbook The increased in revenue marked a new state record in December, 2019 The result shows that the overall rise in revenue is around 289% in comparison of month-over-month Further, the overall collected online constituted to $1106..
6 years ago

Shreveport Casino and the Eldorado Resort to be sold for $230 million

The Shreveport Casino and the Eldorado Resort of Nevada-based Eldorado Resort Inc is being sold for $230 million The Eldorado Resort and Casino in Shreveport is being sold to Las Vegas-based Maverick Gaming LLC, a mostly regional casino operator that has been buying small casinos recently The Eldorado Resort Inc has been known to acquire Caesars..
6 years ago

Is PartyPoker ready to launch its US Network in the country?

Over the course of development, very progressive aspect has come from one of the world’s top online poker operators, PartyPoker, who has indicated that the site is on the verge of launching a “US Network” in the country Players at BetMGM and Borgata Poker on Sunday have received an email citing about a promotion which offers..
6 years ago

A blanket ban on Cryptocurrency Business in Qatar by the Financial Centre

From now on virtual asset services that is cryptocurrency services may not be conducted in or from the Qatar Financial Centre (QFC) The news has been recently announced by the Qatar Financial Centre Regulatory Authority (QFCRA) in a tweet published on Dec 26 The regulator in the new measure stated that authorized firms are not permitted to..
6 years ago

After Michigan, New Hampshire legalize sports betting

As the United States of America has started introducing sports betting all over the country, New Hampshire becomes the fourteenth state to legalize it Now fans of online sports betting can participate in the state of New Hampshire after Governor Chris Sununu placed he first wager As New Hampshire joined Rhode Island, it became the second New..
6 years ago

West Virginia to Become The Fourth State to Offer Internet-based Casino Gaming

West Virginia is all set to become the fourth state in the United States of America to offer Internet-based casino Online casino gaming will allow users and players even to operate it from their mobile phones The officials from the state’s lottery went to Pennsylvania recently to meet with their colleagues from The Keystone State Three of..
6 years ago

Senior Poker Advocate “Oklahoma” aka Johnny Hale Demise at the Age of 92

The poker pioneer Oklahoma Johnny Hale died at the age of 92 at his home on 23rd December 2019 Oklahoma was born in September of 1927, in Pittsburg In his youth, Hale served in the Navy during the Korean War and later worked as a home builder in Tulsa before switching his attention to poker He helped Beny Binion to popularize the WSOP (World..
6 years ago

Florida Senator Jeff Brandes is planning to legalize online sports betting

United States is responsible for an estimated multi-billion dollar sports betting industry And Florida Senators, Jeff Brandes, is planning to change that in the Sunshine State by legalizing sports bets on apps or websites, similar to that of fantasy betting However, this isn’t the first time the bill has been proposed many times before for..
6 years ago

Bitcoin value jump up $7,100 in 8 hours

The value of the cryptocurrency took a sharp U-turn on Wednesday on the course of trading On Wednesday morning, the day looked quite dreary as candlesticks slowly and solemnly strode across the bitcoin chart in the upper half of the $6,000 range for much of the early morning hours In the largest BTC market known as Binance, 1,000 bitcoins changed..
6 years ago

Atlantic City records growth for third consecutive year

Atlantic City has registered third straight year of growth after posting positive inclination of growth in the month of November New Jersey’s gambling regulator released the statistics which shows the city’s nine casinos that generated revenue of just below $224m in November, 71% better than November 2018 and 107% better than October..
6 years ago

BitMex hit with $300 Million lawsuit

The founder Arthur Hayes of one of the world’s most popular cryptocurrency exchanges, Bitmex is sued for $300 million for snubbing an early investor Frank Amato and RGB Coin Ltd claims to have been the first seed investor of BitMex in 2015 The $30,000 investment whose current value is around $50 million, was later supposed to be converted..
6 years ago

Irish punter scoops €16,000 on a football bet

An Irish person gambled €10 on Premier League games and is now richer by over €16,000 The punter won the stunning football bet on Wednesday night’s game The bet consisted of the following selections: Leicester to beat Watford 2-0 (13/2), Chelsea to beat Aston Villa 2-1 (15/2), Manchester United to beat Tottenham 2-1 (8/1) and..
6 years ago