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Sochi Gambling Zone Created to Offset Hosting 2014 Winter Olympics

Sochi gambling zone Russia Winter Olympics

A special Sochi gambling zone is being created by the Russian Federation to help the city offset the lingering debts incurred from hosting the 2014 Winter Olympics. Prime Minister Dmitry Medvedev signed the executive order in late August, and Sochi will be officially allowed to commence gambling activities in the coming months. Since 2009, gambling…Read More

GVC’s Profits Skyrocket in Wake of Bwin Acquisition

GVC’s Kenneth Alexander reports record profits

GVC this week reported record profits and that its Bwin assets, acquired at the beginning of the year, had already produced returns that were “far greater than expected.” Revenues for the enlarged company grew 8 percent to €432 million ($482 million) in the first half of the year, while pre-tax profits rose 135 per cent…Read More

Contractor or Employee? DFS Million Dollar DraftKings Winner Takes Some Heat


DraftKings sponsored pro Al Zeidenfeld won the week two NFL “Millionaire Maker” contest on the DFS site last Sunday, and the win is creating a new pool of daily fantasy sports (DFS) skeptics. The $20 contest entry attracted 277,286 teams, for a prize of over $5.5 million. Zeidenfeld took the top spot by scoring 221.32…Read More

Bitcoin Is REAL Money After Major Ruling By Federal Judge

Bitcoin is money, says judge

Bitcoin is real money. That’s the opinion of U.S. District Judge Alison Nathan, who this week rejected the argument of a defendant who had argued that bitcoin did not qualify as “funds” under the federal law. Anthony Murgio is charged with two counts of money-laundering in relation to his operation of, an unlicensed bitcoin…Read More

Eldorado Resorts to Acquire Isle of Capri Casinos for $1.7 Billion

Eldorado Isle of Capri acquisition “transformational,” says Gary Carano.

Eldorado Resorts is set to buy Isle of Capri Casinos in a cash and paper deal worth around $1.7 billion. As part of that figure, Reno-based Eldorado will assume $929 million of Capri’s debts. The combined company will now own 20 properties in 10 states and would have generated roughly $1.8 billion in revenue over…Read More

Fighting Among Arkansas Casino Ballot Opponents Picking Up Steam

Arkansas casino fight spills onto TV

The war of words over Arkansas’ casino ballot heated up this week, as the pro-casino movement requested to have a lawsuit that would block the ballot that was dismissed by the Arkansas Supreme Court. The Arkansas Winning Initiative (AWI), which wants voters to amend the constitution to allow up to three casinos in the state,…Read More

New Jersey Senate President Stephen Sweeney Goes After Carl Icahn in New Casino Regulatory Bill

NJ Stephen Sweeney Carl Icahn SB 2575

New Jersey State Senate President Stephen Sweeney (D-District 3) has introduced new legislation that would overhaul casino licensing protocols in Atlantic City. Senate Bill 2575, which was introduced concurrently with Assemblyman John Burzichelli’s (D-District 3) Assembly Bill 4187 in identical text and language, would amend the current law on how license holders proceed in closing…Read More

Wynn Angered by Revere Slots Parlor Proposal

Wynn angered by Massachusetts slots parlor vote

Steve Wynn’s troubles in Massachusetts continue as he seeks to expand his empire on the East Coast. After a protracted and occasionally bad-tempered bidding war with Mohegan Sun, Wynn won the bid for the state’s final remaining casino license, defeating various municipal lawsuits in the process. Wynn Resorts is now getting down to the business of transforming…Read More

YouTube Stars Charged for Promoting Gambling by UKGC

YouTube stars FIFA coins UK Gambling Commission

YouTube stars Craig Douglas and Dylan Rigby have been charged by the UK Gambling Commission (UKGC) for encouraging underage video gamers to gamble. In what are first-of-its-kind charges, the Gambling Commission alleges the two vloggers inspired children to gamble and provided instructions on how to do so. Douglas and Rigby focus on the FIFA video…Read More

NFL Commissioner Roger Goodell Not Yet Sold on Las Vegas Move for Raiders


NFL Commissioner Roger Goodell said during the second Sunday of the professional football season that a lot still has to happen before the Oakland Raiders could move south to Las Vegas. In Minnesota for the opening of the Vikings’ new facility, Goodell fielded questions from reporters about whether another stadium grand opening should be expected…Read More

Mike Pence’s Successor in Indiana Will Likely Support Gambling Expansion

Mike Pence Indiana gambling Donald Trump

Indiana Governor Mike Pence (R) withdrew his reelection bid in mid-July to focus on his efforts to put Donald Trump in the Oval Office and himself in the position of vice president. That opened the door for two other candidates, and possibly gives the Democrats a more realistic chance of taking back the governorship for…Read More

California Indian Casino Project Near Napa Causes Turf War

California Indian casino Napa Valley

The California Indian casino project in Vallejo proposed by the Scotts Valley Band of Pomo Indians is generating a turf war between neighboring counties that differ on whether casino-style gambling should be permitted in the wine-rich area. Napa County supervisors are currently deliberating if they’re going to support or oppose the measure. The casino would…Read More

David Baazov’s Lawyer Grills AMF, Claims Regulator’s Case Is Full of Holes


Former Amaya CEO David Baazov’s ongoing insider trading case received a two-day independent administrative hearing this week in Montreal, and it brought up some strange twists and turns, however you look at it. In hearings this week, which none of the accused were required to attend, Baazov’s lawyer Sophie Melchers, questioned AMF investigators for the first…Read More

SugarHouse Casino in Philadelphia Launches New Jersey Gaming Site

SugarHouse Casino New Jersey online casino

The SugarHouse Casino in Philadelphia has been more than neighborly to gamblers in New Jersey since it opened in 2010. Located two just miles from the Benjamin Franklin Bridge that connects Philadelphia with Camden, the SugarHouse has long welcomed New Jerseyans to its casino floor. Now the Pennsylvania gambling venue is going after New Jersey…Read More

Online Betting To Top One Trillion Dollars by 2021, Driven by Mobile and VR

Trillion dollars to be bet on online gambling by 2021

The online gambling industry will process almost $1,000,000,000,000 (one trillion dollars) in bets per year by 2021, according to a whitepaper published this week by analyst Juniper Research. That equates to a 42 percent increase on the $550 billion expected this year. The surge will be driven by the increasing power of the mobile technology…Read More