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IGT Awarded $800,000 from Paradise Entertainment Following IP Quarrel

Jay Chun, Chairman and Managing Director of Paradise Entertainment Limited and Eric Tom, IGT Executive Vice-President of Global Sales.

Paradise Entertainment Ltd will pay the world’s largest casino equipment provider, International Gaming Technology (IGT), $800,000 to settle an intellectual property dispute, according to a filing to the Hong Kong Stock Exchange on Thursday. The squabble arose following a 2016 deal in which the two slots manufacturers agreed to a partnership that would see Macau-based…Read More

UKGC Report: Young Children Gambling on ‘Skin Betting’

Skin betting UKGC

While the video game community is caught up in fierce debate over whether or not loot boxes constitute gambling, the UK Gambling Commission has released a report that suggests many children are being introduced to a less ambiguous form of betting through gaming at a young age. According to the UKGC’s Young People and Gambling…Read More

Political Bettors Get It Wrong, as Democrat Doug Jones Upsets Republican Roy Moore in Alabama Special Election

political bettors Alabama Senate race

Prediction bettors and gamblers placing financial wagers at overseas sportsbooks like Paddy Power are counting their losses this morning, after Democrat Doug Jones pulled off an upset against Republican Roy Moore in the special Alabama election to fill Attorney General Jeff Sessions’ seat on Tuesday. The majority of political bettors just couldn’t see Jones’ path…Read More

Australian Lottery Giant Tatts Gets Shareholder Approval for Tabcorp Merger

Robbie Cooke

Australia’s largest gaming company, Tabcorp Holdings, is just one court appearance away from completing an $11.3 billion merger with lottery operator Tatts Group. Tatts’ shareholders overwhelmingly agreed to the takeover on Tuesday, voting 99 percent in favor of the move. Just a 75 percent vote in favor was required for approval. The only detail that…Read More

Bitcoin Gamblers See Earnings Grow, as Digital Currency Jumps on Futures Exchange

bitcoin futures trading online gambling

In one of the craziest days for cybercurrency trading in history, the price of a single bitcoin jumped from $16,700 to $16,748 in a matter of seconds on Monday. The decentralized digital currency has been fluctuating wildly over the last 12 months, with each single bitcoin worth over 2,000 percent more today than it was…Read More

World Series Odds Drop for Angels, Yankees After Star Signings

Shohei Ohtani World Series odds

They weren’t favorites to win the World Series next year but the Los Angeles Angels and New York Yankees definitely improved their odds after signing big name players. The American League teams also improved their chances to win the division. The Bronx Bombers were already in the mix to win the AL Championship Series, but…Read More

FCC Likely to Repeal Net Neutrality Rules This Week

FCC net neutrality vote

The Federal Communications Commission (FCC) will vote on Thursday to repeal the net neutrality rules that the same body put into place back in 2015, with the commissioners almost certain to approve the rollback. And while the change in rules could have broad implications for the internet as a whole, there are also possible changes…Read More

Philadelphia Eagles’ Super Bowl Odds Lengthen on Carson Wentz Injury

Super Bowl odds Carson Wentz

Oddsmakers are lengthening the Philadelphia Eagles’ Super Bowl odds this morning after star quarterback Carson Wentz suffered a devastating injury in the third quarter of the team’s 43-35 win over the Los Angeles Rams. Initial testing detected loose ligaments around Wentz’s knee. The second-year quarterback will undergo a full MRI today, but loose ligaments usually…Read More

William Hill Adds Support to Scientific Games Takeover of NYX

Scientific Games NYX William Hill

The battle between Scientific Games and William Hill over the acquisition of NYX Gaming has seemingly come to an amicable conclusion, as William Hill is now providing support for the deal. In a press release distributed on Wednesday, Scientific Games announced several developments that make its takeover of NYX likely to proceed without major incident….Read More

Op-Ed: Why I Hope New Jersey Gets Its Own Legal Sports Betting in 2018

Chris Christie New Jersey sports betting SCOTUS decision

I won’t lie: I’ve made some underground sports bets in my life. I’ve also smoked pot, bought concert tickets from scalpers, and hung out at bars where I threw back cocktails hours after legal drink service officially wrapped up. (Okay, maybe that last one was most of my 20s, come to think of it). Personally,…Read More

Financial Analyst Jim Cramer Says Fold on Bitcoin, Visit ‘Fabulous Las Vegas’ Instead

Jim Cramer bitcoin value price

CNBC “Mad Money” host Jim Cramer is warning bitcoin investors that the digital currency comes with a substantial amount of risk and uncertainty. That likely isn’t news to most who have bought into the cyber coinage, as bitcoin’s price has fluctuated wildly over the last few months. Fortunately for most bitcoin investors, the fluctuation has…Read More

Al Franken Resigns Amid Serial Sexual Misconduct Allegations, as Betting Markets Predicted

Al Franken resignation political betting

Senator Al Franken (D-Minnesota) says some of the accusations of sexual misconduct made by eight women are untrue, but regardless, the former Saturday Night Live star is resigning from Congress in the coming weeks. Franken’s fall began with former Poker After Dark and National Heads-Up Poker Championship host Leann Tweeden, who revealed last month that the senator had…Read More

Case Against David Baazov Alleges Amaya Stock Price Manipulation Ahead of PokerStars Buy

Ousted Amaya CEO David Baazov

According to the Autorité des marchés financiers (AMF), David Baazov and two associates made attempts to pump up the price of Amaya shares as the company prepared for its $4.9 billion takeover of PokerStars. Quebec’s securities regulator made those allegations in a new court filing that included the prosecution’s trial book for the case, which…Read More

New Jersey Online Gambling Sites Could Soon Accept International Players Should New Bill Become Law

online gambling New Jersey Ray Lesniak

New Jersey online gambling and poker networks would be permitted to welcome international players in markets where internet casinos are legal should a recently introduced bill one day become law. State Senator Ray Lesniak (D-District 20) introduced Senate Bill 3536 on the final day in November. The legislation would remove the physical requirement that players…Read More

Study of Gambling in Australia: 6.8 Million Play Regularly, Losing $18 Billion Since 2016

Australian pokie machines

The Australian government last week released figures from a study that presented the most comprehensive picture of Australian gambling habits to date. The study, conducted by the Australian Gambling Research Centre, part of the Australian Institute of Family Studies, found that about 6.8 million Australians gamble regularly, about 42 percent of the country’s adult population….Read More