World's online gaming authority since 1995

Investor Concern over Vegas Sports Betting Mutual Fund ‘Radio Silence’

Sports betting mutual funds

Investors in one of Nevada’s first ever sports betting mutual funds are becoming increasingly concerned about their money, according to a report by the Las Vegas Review-Journal this week. They say that Reno-based Matt Stuart of Bettor Investments has gone AWOL with their cash and refuses to answer their correspondence. Sports betting mutual funds were…Read More

Strong NBA Draft Class Has Las Vegas Oddsmakers Concerned Over ‘Tanking’

NBA Draft lottery tanking

The NBA Draft won’t take place until June 21, but Las Vegas oddsmakers say the lottery is already impacting the league. Now past the midway point of the NBA season, numerous teams are facing the reality that the postseason is out of reach. At the All-Star break, seven teams were at least 20 games below…Read More

William Hill Sees Red Following Australian Regulatory Changes, Hopeful for US Sports Betting Market Expansion

William Hill Australia write-down

UK betting giant William Hill posted has a £74.6 million ($104 million) pre-tax loss for 2017, due in large part to the write-down of its Australian operations. William Hill Australia has been negatively impacted by the country’s ban on credit betting, which came into force earlier this month. This has led the group to dramatically…Read More

Platinum Sports Book Boss Gets Two Years, Multimillion Dollar Fine for Role in Illegal Credit Betting Op

Platinum Sports Book

David Hair, a leading member of the upper-echelon management group that ran Platinum Sports Book, was sentenced on Wednesday. The judge sentenced Hair on Wednesday to two years in prison and fined him $3 million. Platinum was an illegal online credit betting operation (meaning no money was passed in either direction online, but rather via…Read More

Kansas Sport Betting Bill Would Give All the Power to the Leagues

Kansas sports betting

A sports betting bill presented to the Kansas legislature this week would acquiesce to NBA and MLB demands for a one percent “integrity fee,” should wagering on their games become legal. Having apparently accepted that the United States Supreme Court will shortly overturn PASPA, the federal law that prohibits state-sanctioned sports betting, the two leagues…Read More

Vegas Golden Knights Favored to Win Stanley Cup Finals at Nevada and Online Sportsbooks

Vegas Golden Knights NHL odds

The Vegas Golden Knights are the odds-on favorites to win the Stanley Cup Finals at both online and Sin City sportsbooks. With a record of 39-16 and 82 points, Vegas sits atop the Western Conference, and are tied with the Boston Bruins for the second best overall record behind only the Tampa Bay Lightning (40-17,…Read More

Iowa Sports Betting Bill Passes House Committee Without ‘Integrity Fee’

Iowa sports betting law PASPA

An Iowa sports betting bill that doesn’t include a so-called “integrity fee” earmarked for the professional sports leagues recently passed the state’s House Government Oversight Committee. House Study Bill 592, first introduced by Rep. Ken Rizer (R-District 68), would permit the state’s commercial casinos to operate sportsbooks after obtaining the necessary permit. The first $1…Read More

NBA Commissioner Pushes for Fee on Sports Betting Amid Mixed Signals

Adam Silver NBA

NBA Commissioner Adam Silver is still advocating an integrity fee from states that pass sports betting legislation, but seemed to contradict earlier statements on what to call those payments. A month ago he classified it as an integrity fee. Saturday he called it a royalty. Silver was holding his annual State of the NBA press…Read More

FBI College Basketball Probe on Corruption Could Affect Other Programs

Roy Williams

The FBI investigation that indicted four assistant college basketball coaches on bribery and corruption charges could be expanding according to reports. A Thursday story from Pete Thamel of Yahoo Sports said mountains of evidence has been collected by the federal law enforcement agency. In the 330 days of the FBI’s scrutiny into the recruiting practices…Read More

Las Vegas in Running to Host 2020 NFL Draft, 2023 Super Bowl

Las Vegas NFL Draft Super Bowl

Las Vegas is on the shortlist to host the 2020 NFL Draft. If America’s gambling capital is selected, the event would coincide with the scheduled arrival of the Raiders franchise in Sin City. Las Vegas is one of five candidate cities for the 2019 and 2020 NFL Draft. The other nominees are Nashville, Cleveland/Canton, Kansas…Read More

MLB Presents Missouri with Sports Betting Bill

MLB sportsbetting

MLB, until recently a staunch opponent of regulated sports wagering in the US, has drafted its very own sports betting bill, which it presented this week to the Missouri legislature for consideration. Both MLB and the NBA are plaintiffs in the Christie v NCAA case, in which they oppose New Jersey’s battle for the right to…Read More

DFS Heavyweights DraftKings and FanDuel Packing Less Punch, as Sports Betting Opinions Change

DraftKings FanDuel sports betting

DraftKings and FanDuel, the two online daily fantasy sports (DFS) platforms that took 97 percent of the bets placed on the contests in 2017, are struggling to grow revenues.  That’s according to Eilers & Krejcik Gaming, a market research firm in California, that details the struggling DFS industry. A subset of fantasy sports, DFS was all the…Read More

No Online Poker Bill in California This Year, Tribes Turn Against Sports Betting Instead

Reggie Jones-Sawyer not submitting California poker bill this year

California appears to have given up on regulating online poker, at least for 2018. Friday is the deadline for filing bills in the California legislature and thus far no champion has emerged to fight the cause. Perhaps that’s because the effort required to unite the state’s powerful but squabbling tribal operators over what regulation should…Read More

GVC Ladbrokes Coral Takeover Could Cost 1,600 Jobs for Acquired Betting Company

im Mullen Ladbrokes Coral CEO job cuts

The GVC Ladbrokes Coral acquisition of one of the oldest and biggest bookmakers in Britain may be phenomenal news for the company buying it, but it could be a brutal blow for many employees of the company being bought out. The Isle of Man-based GVC Holdings, as an ever-growing gaming giant which already owns bwin,…Read More

NCAA College Bracket Preview has Virginia, Villanova, Xavier, and Purdue No. 1 Seeds

Virginia College Basketball

The University of Virginia is the No. 1 ranked team and a member of the NCAA Selection Committee said they, along with Villanova, Xavier and Purdue are the current No. 1 seeds. Committee Chairman Bill Rasmussen released a preview of the top 16 teams on Sunday and said the Cavaliers would get the overall No….Read More