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Philip Conneller
4185 stories by Philip Conneller
Moody’s Maps ‘Painful’ Recovery for US Gaming Industry Post-Pandemic
Moody’s Investor Services said Thursday that once the US casino industry reopens, it will take a year to begin generating just 30 percent of its 2019 levels. After just over 16 months, the industry will...
Calls for Investigation into Cheltenham Festival Role in Spreading Coronavirus in UK
Cheltenham is a big deal in UK horse racing and a key event on any bookmaker’s calendar. This year, it ran from March 10 to 13, attracting 125,000 racegoers to the town of Cheltenham in...
Bangladesh Bank Appeals US Ruling Clearing Bloomberry Over New York Fed Cyber-Heist
Bangladesh Bank has appealed last month’s US federal court ruling that dismissed claims of liability against Philippine casino operator Bloomberry Resorts in 2016’s New York Federal Reserve cyber heist. In January 2019, Bangladesh Bank sued...
DraftKings and FanDuel ‘Knowingly Misled Millions’ Over Chances of Winning at DFS, Claims Lawsuit
DraftKings and FanDuel should be held liable to reimburse customers who lost money playing daily fantasy sports contests because the two companies encouraged casual players to lose to profitable players. At least, that’s according to...
British Horse Racing Issues Warning as Notorious Drugs Baron, Alleged Race Fixer Brian Wright Released from Prison
A notorious Irish drugs baron, money launderer, and alleged race fixer was warned Tuesday to stay away from the UK horse racing industry after his release from prison last week. Brian Brendan Wright, 73, was...
Fraudsters Diverted €400,000 in EU Funds into Mystery Cyprus Casino Project
More than €400,000 ($434,000 USD) in EU funds that was supposed to go towards research on improving forest fire detection was siphoned into an unnamed Cyprus casino project, the European Anti-Fraud Office (OLAF) said this...
Betfred Accused of Backtracking on Pledge to Pay MoPlay Customers
UK betting operator Betfred is accused of reneging on a promise to honor the funds of former MoPlay customers. Betfred acquired MoPlay’s customer database from a liquidator last month after the latter declared insolvency on...
Stars Group Revenues Hit All-Time High in Q1 as Customers Isolate with Online Poker, Slots
The Stars Group booked record revenues for Q1 2020, despite the coronavirus pandemic wreaking havoc on the sporting calendar. Revenues for the three months to March 31 increased 27 percent to $735 million when compared...
Ho-Chunk Nation Gets Federal Approval for $405 Million Beloit Casino Resort on Wisconsin-Illinois Border
The Ho-Chunk Nation has the green light from the federal Bureau of Indian Affairs (BIA) to build a $405 million casino resort outside Beloit, Wisconsin. The Ho-Chunk Nation is one of Wisconsin’s 11 federally recognized...
Tennessee Sports Betting Rules Finalized with Mandatory 10 Percent Minimum Hold
Tennessee sports betting could be up and running in the summer. That’s provided there’s something to bet on by then beyond FC Slutsk versus Belshina Bobruisk in the Belarusian soccer leagues. On Wednesday, the socially...
