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Bally’s Entertainment’s (Bally’s) $4 billion bid to build a casino in the heart of the Bronx was dealt a possibly fatal blow by the New York City Council.
After a heated vote by New York councillors, they decided to deny the plans laid out for possible rezoning to accommodate the billion-dollar project. The vote was 29-9 against, with four abstentions, which puts any development, plans, or...
The Sports Wagering Council (SWC) of Tennessee has issued $250,000 in fines to five illegal offshore gambling operators.
The Nashville-based betting watchdog imposed the massive fines because the five unregistered entities were operating within the state’s borders, which is a violation of the Tennessee Sports Gaming Act.
Tennessee betting regulator imposes $250K in fines on illegal sportsbooks...
DraftKings is said to have commenced discussions to acquire the prediction market Railbird Exchange.
After the betting giant submitted and then pulled an application to register ‘DraftKings Predict’ with the National Futures Association, it appears the company has decided on another route to enter the prediction market space.
As initially reported by Front Office Sports, DraftKings is currently...
Predictions market Kalshi has spent $1,190,000 on federal lobbying since 1998, sparking criticism among the gambling sector.
According to data from Open Secrets, Kalshi has spent well over a million dollars on federal lobbying. While that’s perhaps not out of the ordinary for gambling companies, with corporate lobbying part and parcel of the US political system, it has sparked criticism for the...
Washington-based casino Maverick Gaming has filed for bankruptcy after debt restructuring throughout last year.
After going through various negotiations around debt last year, Maverick Gaming filed for bankruptcy on Monday, July 14. The casino and card room operator filed its Chapter 11 in Texas, listing total liabilities and assets in the range between $100m and $500m, as shared in official...
In Ukraine, the Ministry of Digital Transformation is leading the development of a state monitoring system for the gambling industry.
The initiative is aimed at enhancing transparency, combating illegal operations, and ensuring effective tax collection. It will be led by the newly established PlayCity agency, which replaced the ineffective Commission for the Regulation of Gambling and Lotteries...
The Dutch Gambling Authority (KSA) has cracked down on betting companies ZEbetting and Betca for offering banned betting options on tennis matches.
In a translated statement, the KSA said: “The Dutch Gambling Authority (KSA) has addressed ZEbetting and Betca regarding prohibited betting offers. At both providers, it was possible to place bets on the win or loss of a set in tennis matches. This is...
UK Labour MP Alex Ballinger calls for higher gambling taxes to protect service personnel and veterans from gambling-related harm.
On Armed Forces Day on June 27, Member of Parliament for Halesowen, Alex Ballinger, paid tribute to the UK’s Armed Forces, taking the opportunity to shine a light on a growing issue for both current service people and veterans: gambling-related harm.
In a column...
BetMGM will enforce a $2.50 minimum bet in Illinois, as of Wednesday (July 16), as part of the response to the recent per-wager tax approved by the state legislature.
In a written communication to customers, the company advised of the imminent change, making it the latest operator to act.
The memo was presented with the letterhead of Par-A-Dice Casino, BetMGM’s retail casino partner in Illinois...
The Pennsylvania Gaming Control Board is planning a hearing to hear from the public on the renewal of a casino license for Stadium Casino.
The hearing, scheduled for Wednesday, August 13, will be a space for members of the public to comment on the renewal of the Category 2 Slot Machine Operator License for Stadium Casino, the operator of Live! Casino Philadelphia.
Those who want to offer an...