Month: February 2024
Illinois sports betting handle settles under $600m for September
Yesterday, the Illinois Gaming Board reported that the state’s betting handle for September reached just over $596 million. This number was a solid number but fell short of the state’s record handle month of March when over $633 million in bets were generated. With the monthly totals now in, along with a few other states, the US has now seen over $5 billion wagered within one month, a new milestone for the nation.
With the large September bet total, Illinois is now the 4th state in the country to go over the $6 billion mark in the betting handle. The only other states t…
BGC seeks the re-emergence of Scottish and Welsh casinos as England venues prepare to reopen
The UK Prime Minister has announced that England casinos can re-open on August 1, after over four months in shut down due to the coronavirus outbreak. The Betting and Gaming Council is happy with the approval to reopen, as it will be a big boost to both the tourism and hospitality industries. However, the trade body is also calling for the Scottish and Welsh casinos to reopen, as 2,000 employees are currently affected by what seems to be a never-ending shutdown.
Reopening Process:
The England casinos provide employment to over 12,000 individuals…
FanDuel auditors release annual report and confirm company’s future uncertain
FanDuel along with DraftKings, are two of the biggest Daily Fantasy Sports providers in the United States and dominate the majority of the DFS market. The Scottish based company was founded in 2009 and since then has grown exponentially and is now estimated to be worth more than $1 billion.
The DFS industry has taken a lot of heat from a number of states in American during the past 6 months as the attorney generals have gone after DFS providers such as FanDuel and DraftKings, stating that their DFS games are similar to casino games as they are based on chance and not skill. New York, …
Atlanta Braves sign veteran LHSP Chris Sale to a 2-Year $38 Million Contract Extension
On Thursday, January 4th, 2024 the Atlanta Braves have signed their recently acquired veteran left – handed starting pitcher, Chris Sale, to a 2 – year contract extension worth up to approximately $38 million, restructuring his deal in the aftermath of his trade from the Boston Red Sox just about a week or so ago.
Sale’s previous contract ran straight through the year of 2024, and it guaranteed Chris $27.5 million even though $10 million of it was deferred money that brought the present value down to around $20 – 21 million as well a…
Double the dose of online casino entertainment from Play‘n Go
A week after premiering its three-reel and five-payline Holiday Spirits video slot, Swedish online casino games developer Play‘n Go has returned to announce the launch of its new Rise of Athena and Viking Runecraft Bingo titles.
The Vaxjo-headquartered firm used an official Thursday press release to proclaim that both of its latest innovations are based on ‘popular mythological themes’ that have continually proven successful. The company moreover declared that this triumph has been ably assisted by the detail it puts into its ‘game narratives’ with these new iGaming releases…
NSW Continues with the Gaming Reform, Lowers Poker Machine Cap
The government of New South Wales continues to work on the ongoing gaming reform, which is completely dedicated to minimizing the risk of gambling harm and preventing various potential problems related to money laundering in the state.
Measures to reduce gambling harm and prevent money laundering:
One of the changes included in the new regulations is related to pubs and clubs that operate gaming machines. They will have to have sufficient entitlements in order to be allowed to operate the machines. The good news for venues is that they will be <…
Tom Horn Gaming live in Serbia with Balkan Bet
Leading casino software provider for online and land-based gaming operators, Tom Horn Gaming, announced Monday that it has gone live in Serbia‘s regulated market with Balkan Bet, one of the southeastern European country’s biggest operators.
According to the official press release…
Under the terms of the agreement, the Valletta-headquartered omni-channel software supplier will provide the sports betting operator with its successful video slots titles such as Book of Spells and 243 Crystal Fruits along with recently released games like Frozen…
VICI Properties acquires Foundation Gaming’s properties for $293 million with 8.3% capitalization rate
Real estate investment trust, VICI Properties Inc., has purchased the real estate assets of the Fitz Casino & Hotel (“Fitz”), located in Tunica, Mississippi, and the WaterView Casino & Hotel (“WaterView”), located in Vicksburg, Mississippi, from Foundation Gaming & Entertainment, LLC, a casino-entertainment company for a total purchase price of $293.4 million. The transaction has been made in cash.
As part of the deal, subsidiaries of Foundation Gaming have agreed on a triple-net master lease agreement for assets. The Foundation master lease has an initial annual r…
Volkan Alkan wins Main Event of 2022 WSOP International Circuit Rozvadov Spring Edition
King’s Resort in Rozvadov recently played host to the 2022 World Series of Poker (WSOP) International Circuit Rozvadov Spring Edition series. Several events took place, including the much-anticipated Main Event. The tournament had a buy-in of €10,350 and saw 648 entries. In the end, it was Volkan Alkan of Germany who claimed the first-place prize.
Final Table Details
Once the final table was set, it would be Vincent De Neve exiting first, after lowing to Lukas Zaskodny with pocket kings. Zadkodny was able to river a straight for the win. Luc Ta then went on …