1979 stories by Steve Bittenbender
FanDuel, DraftKings May Cut New York Spending if 51 Percent Sports Betting Tax Stays
Top executives from FanDuel and DraftKings told New York lawmakers on Tuesday their companies will need to make drastic changes to operations in the largest US sports betting market. That's if the state’s 51% tax on revenues remains in place. DraftKings Cofounder,...
DraftKings, Penn Seek Hearings in Ohio Over Sports Betting Rule Violations
Two gaming operators facing six-figure fines from the Ohio Casino Control Commission (OCCC) for violating the state’s sports betting regulations have requested hearings for their cases, an OCCC spokesperson tells Casino.org. Penn Sports Interactive, which operates Barstool Sportsbook, and DraftKings have made...
PredictIt Gets Reprieve, for Now, as February 15 Liquidation Deadline Halted
Trades on political futures at PredictIt will be allowed to continue past February 15, at least temporarily, after a federal appeals court granted the online exchange an injunction on Thursday. The move by the US Fifth Circuit Court of Appeals comes a...
GeoComply Lands Investments to Help Tech Company Expand
GeoComply announced Wednesday that the company has received funding from venture capital firms. The moves will help the Canadian-based technology firm grow into new segments, the company stated. Norwest Venture Partners and Arctos Sports Partners were the firms providing the capital. The...
Betfred Pays Out Bengals Super Bowl Futures Bets Weeks Before Big Game
Betfred placed a big bet for its launch in Ohio, and now the sports betting operator appears to be doubling down. On Wednesday, the British-based company announced that it would pay out all Super Bowl futures bets on the Cincinnati Bengals. That's...
Adam Koenig, Ex-Kentucky Lawmaker, to Lead State Quarter Horse Group
With quarter horse racing about to start in Kentucky, an industry trade group had tabbed a former state lawmaker to serve as its first executive director. Adam Koenig has been hired to head up the Kentucky Quarter Horse Racing Association (KQHRA), according...
Kentucky Lawmaker Says He’s Working on a New Sports Betting Bill
A Kentucky state lawmaker said he’s working on a sports betting bill that he hopes will get filed shortly after the General Assembly resumes its 2023 session next month. State Rep. Michael Meredith, R-Oakland, will pick up the mantle from former state...
PredictIt to Liquidate Political Market if Injunction Bid Fails, May Reinvent Itself
Should a federal appeals court does not grant PredictIt an injunction to keep its political futures exchange open next month, the operator will look to reinvent itself, Casino.org learned on Friday. The US Fifth Circuit Court of Appeals has scheduled a hearing...
PredictIt Injunction Hearing May Come Too Late to Save Exchange
PredictIt will finally get its day in court and the chance to make its case for why the political futures exchange should remain operational after February 15. On Wednesday, the US Fifth Circuit Court of Appeals scheduled a hearing for oral arguments...
Ohio Casino Control Commission Approves $150K Fine Against Caesars Sportsbook
The Ohio Casino Control Commission (OCCC) approved a $150K fine for Caesars Sportsbook at its monthly meeting Wednesday. That's after the regulatory body found the sports betting operator failed to comply with state regulations in ads for its site. Caesars was one...
