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NJ Gambling Revenue Projected to Reach US$500million

NJ Gambling Revenue

NJ gambling revenue has been on a rise since online gambling was legalised in the state. If ever there was the perfect marketing of the pros of legalizing New Jersey is it. Month on month the gambling revenues from the local; operators have been reaching record highs and surpassing those highs. New figures have been […]

NJ Online Gambling Industry Surpasses Revenue Record Again

online-gambling-revenue-record-new-jersey

New Jersey online casinos as a collective industry have again made record revenue numbers. Earlier this year, in March, record revenues were generated in the industry since it was fully legalized. This month of July, the state collected just over to $53 million, which is over 32% more than what was generated in March. The […]

Pennsylvania Gaming Industry Shows Growth

Pennsylvania Gaming

Pennsylvania is on track to becoming an even richer gaming state. According to new financial records on the 2018/19 financial year, Pennsylvania gaming revenue made $3.3 billion. The gross income from wagering on sports garnered $21.7 million, online fantasy sports matches generated $23.5 million, and land-based casinos with table games created to winnings of $885.5 […]

Record Revenue Earned by New Jersey’s Online Gambling Market

new-jersey-division-of-gambling-enforcement

The legal online gambling industry in New Jersey has made record profits in March. Compared to the same period last year, online gambling operators made 53% more.  According to the New Jersey Division of Gaming Enforcement (DGE), there was over $39.1 million that was generated over the month of March. March’s revenue is also over […]

New Owner of Ocean Resorts Casino a Mystery

Ocean Resorts Casino Atlantic City Bought by mystery new owner

Ocean Resorts Casino in Atlantic City has reportedly been sold to a new owner. The announcement was made earlier in January. However, at this time, it is not known who the new owner of the casino property is. The current owner of the property is selling it less than six months after he reopened the […]

Atlantic City has Good Year in 2018, Best Since 2013

Atlantic City has best year since 2013 in 2018

Atlantic City has once again had a good year in 2018. New Jersey’s casino city finished off the year on a high note, with Gross Gambling Revenue (GGR) increasing nearly 20% compared to December 2017. With the strong performance in December, Atlantic City was able to win more than $2.85 billion from its nine casinos, […]

MGM Resorts and Caesars Entertainment Still Considering Merger

MGM Resorts and Caesars Entertainment in merger talks

Reports are emerging that MGM Resorts and Caesars Entertainment are continuing their talks for a potential merger between the two massive casino firms. Sources close to both companies have said that while talks are ongoing, there has been no formal offer placed on the table. However, MGM is apparently taking the potential merger seriously and […]

The $1.6 Billion Mega Millions Jackpot Has Been Won

Mega Millions $1.6 billion jackpot won

The record-breaking $1.6 billion Mega Millions lottery jackpot has officially been won! There was just one winning ticket, which was bought by someone from South Carolina. The laws in South Carolina allow winners to remain anonymous, so it’s unlikely we will find out who won. The final official total of the jackpot came to $1.537 […]

Mega Millions Jackpot Largest in History

Mega Millions Lottery Jackpot hits $1.6 billion

The Mega Millions lottery jackpot currently sits at a staggering $1.6 billion, which makes it the largest jackpot in history. This comes after no one managed to pick all six numbers correctly, following Friday’s draw. Even before Friday’s draw, the jackpot was the largest it had ever been for the Mega Millions lottery. However, officials […]

FanDuel & DraftKings Dominating New Jersey Sports Betting

FanDuel and DraftKings dominate New Jersey Sports Betting

October 15th marks three months since the sports betting market kicked off in New Jersey. Now that the market has had some time to develop, meaningful data is being released. Recently, the New Jersey Division of Gaming Enforcement (DGE) released its latest set of data and sports betting is really starting to dominate the market. […]

UK Bans Withdrawal Limits for Online Gambling Websites

UK Bans restrictive and unfair online gambling withdrawal policies

The UK has recently told online casinos that they will need to remove any form of withdrawal restrictions for players. Following a report by the UK’s Competition and Markets Authority (CMA), it has been determined that players must be allowed to withdraw their money whenever they decide to. The investigation by the CMA occurred following […]

Caesars Entertainment Rumored to be Selling Rio in Las Vegas

Rio Las Vegas could be for sale

Caesars Entertainment is rumoured to be trying to sell the Rio All-Suite Hotel and Casino in Las Vegas. According to the rumors, Caesars currently has three interested parties. The report comes from a well-known blogger in Las Vegas, who received the information from an unnamed source inside Caesars. Blogger Sure Rio Sale is Imminent There […]

Resorts World Catskills Loses $37 Million in Q2

Resorts World Catskills suffers $32 Million in losses in Q2 2018

Things don’t seem to be going so well for Resorts World Catskills. The hotel and casino opened its doors back in February 2018, and there was plenty of excitement to go around. The property looked set to revitalize the area, but things haven’t worked out that way. Recent figures released suggest that Resorts World Catskills […]

Boyd Gaming Signs Deal with FanDuel Group

Boyd Gaming and FanDuel sign deal

Boyd Gaming recently announced that it had signed a deal with the FanDuel Group. The new partnership will be centred on offering land-based and online sports betting in the United States. As the sports betting market in the USA continues to grow, numerous companies are looking for partnerships that could give them an advantage. The […]

Caesars Entertainment Stock Trading Halted

Caesars Entertainment stock trading halted

Caesars Entertainment saw trading of its stocks halted this week, following the company’s second quarter conference call. During the call, company executives stated that demand in Las Vegas was slowing slightly and that expectations should be lowered. This didn’t appear to sit well with investors, who were scared off by the comments. Comments Spark Halting […]

Resorts World Catskills Sees Half its Predicted Revenue

Resorts World Catskills Currently Underperforming

Resorts World Catskills opened its doors in February 2018. It was thought that it would be the crowning achievement of New York’s casino expansion plans. However, things have not been going according to plan, and since opening, it has brought in less than half of what its predicted gaming revenue. So far, Resorts World Catskills […]

Delaware Sports Betting Handles Over $7 Million

Delaware sports books handle $7 million in first 20 days

Delaware became the first state outside Nevada to legalize full-scale sports betting. In the first 20 days, over $7 million was handled by the state’s new sportsbooks. This is quite an impressive achievement. It will be interesting to see how New Jersey’s sports betting operations perform after a similar time period. Delaware keeps over $400k […]

Delaware Casinos Finally get Tax Relief

Delaware Casinos finally receive tax relief

Delaware casinos can finally breathe a sigh of relief, as tax relief is on its way. The states three racinos have been struggling for some time, asking for lawmakers to assist. Finally, after nearly a decade of requests, their requests have been answered. On Thursday last week, the state senate based a bill that outlines […]