PYMNTS

JANUARY 19, 2021

MGM Resorts International said it’s pulling the plug on its bid to acquire the gaming platform Entain , which is its BetMGM partner. If the acquisition had gone through, the new entity would have been one of the few gambling platforms to have a significant presence both physically and digitally. BetMGM, our U.S. MGM offered 0.6

Gaming 82

Gaming Gambling Sports Entertainment 82

PYMNTS

JANUARY 29, 2021

New policy changes on Google Play will enable gambling apps to be available in its store in more countries effective March 1, extending availability to the U.S. Just four Google Play stores worldwide make gambling and betting apps available — Brazil, Ireland, France and the United Kingdom. Currently in the U.S.,

Gambling 67

Gambling Rhode Island West Virginia Nevada 67

PYMNTS

NOVEMBER 4, 2020

gambling industry, with three states authorizing legal sports betting and three others either approving or expanding casino gaming, the Associated Press (AP) reported. The addition of casinos in Virginia and racetrack casinos in Nebraska indicates that casino-style gambling is on the upswing as well. billion by 2025.

Sports 77

Sports South Dakota Gaming Gambling 77

PYMNTS

JANUARY 14, 2020

In an effort to rein in problem gambling, the U.K. Gambling Commission is banning the use of credit cards for placing bets, the BBC reported on Tuesday (Jan. The ban is slated to take effect on April 14, following audits of the gambling industry by the commission and the government. ” Gambling revenue in the U.K.

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Gambling Gaming audit Education 52

PYMNTS

JULY 6, 2020

Amid a pandemic that has shuttered brick-and-mortar casinos, the burgeoning online gambling or gaming space may make it through COVID-19 with less adverse financial effects than other verticals. For May, New Jersey’s Division of Gaming Enforcement said in a press release that total gaming revenue for the month was $82.6

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Gambling Sports Gaming Government 57

ThomsonReuters

APRIL 2, 2024

The probe centers around Ohtani’s former interpreter, Ippei Mizuhara, who has been accused of illegal sports gambling and significant financial theft. It was revealed that Mizuhara had accumulated substantial gambling debts, which were allegedly covered by wire transfers totaling at least $4.5

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Gambling Sports Legal Tax 105

PYMNTS

MAY 8, 2020

Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . States have experienced decreases in revenue and minor dips in sports betting, but an overall jump in earnings from other online gambling sites.

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Gambling Sports New Jersey Pennsylvania 70

PYMNTS

AUGUST 10, 2020

IAC , the New York-based global media and internet giant, is betting that an investment of $1 billion in MGM Resorts International will pay off in online gambling, according to a press release. Diller and Levin said research revealed MGM’s revenue in online gambling revenue is essentially zero.

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Gambling Gaming New York 58

PYMNTS

JANUARY 3, 2021

MGM Resorts International is trying to acquire Entain , the British parent of major online-gambling player Ladbrokes , the Wall Street Journal reports. Online gaming already was a growing threat to MGM and other brick-and-mortar casino operators before COVID-19 forced the closing of gambling halls.

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Gaming Gambling Sports New York 67

PYMNTS

JUNE 19, 2020

The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. I am confident that the new DraftKings will progress our goal of offering the best, most innovative sports and gaming products to our customers.”. billion. . which changed its name to DraftKings Inc.

Gambling 69

Gambling Sports Massachusetts Entertainment 69

PYMNTS

JULY 27, 2020

Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public. RSI is projecting $321 million in revenue for its fiscal 2021.

Gambling 56

Gambling Indiana Colorado Sports 56

PYMNTS

MAY 19, 2020

The mayor, who is also a table games manager at a local casino and hotel, said per the report that he has come across people traveling from states that are close by as well as those that have come from Florida, Texas, New Mexico and New York. million from online gaming since the summer of last year. million in March of last year.

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Gaming Gambling Louisiana South Dakota 52

PYMNTS

SEPTEMBER 9, 2019

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Such desire for speed is also helping to drive innovation in other forms of gambling-related payments. Some 15 percent of the U.S.

Gambling 54

Gambling Legal Sports Tax 54

PYMNTS

APRIL 24, 2020

The absence of sports events on which to bet has prompted a whole-hearted embrace of fantasy sports or eSports , where competitions are waged with the help of video games. As reported by the Associated Press , DraftKings CEO Jason Robins said the long-term outlook for sports gambling is strong.

Gaming 71

Gaming Gambling Sports Legal 71

PYMNTS

MAY 7, 2020

Many are instead flocking to online gambling sites after the closure of all 989 commercial and tribal casino properties in the U.S. Most of these gamblers are looking for quick games and wins that can provide them with more funds to spend. gambling] payment mechanisms is that ACH payouts are not instant,” Marceau said.

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Gambling New Jersey Pennsylvania Entertainment 56

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. MGM announced a deal to become the first sports gambling partner of the NBA. Boyd Gaming Partnership.

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Gambling Sports Gaming Legal 40

PYMNTS

NOVEMBER 22, 2019

And, increasingly, online gaming platforms — attractive to the bad guys due to their scale and relative anonymity — are in the crosshairs. In one recent event that grabbed headlines, video game developer Valve Corp. Just relying on a username and password is no longer enough, Cavicchia said.

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Gaming Gambling Sales Account 70

PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. Mobile has changed the payroll game — and, with it, consumer expectations for how it should work. Placing A Bet On Online Gambling. Mobile’s Role.

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Gambling payroll accounting and finance Finance 63

PYMNTS

AUGUST 10, 2020

Identity fraud is nothing to play around with, but you wouldn’t know that given its prevalence in the online gaming sector. Three out of four American consumers are now interacting with gaming platforms, spending up to 14 hours a week on them — up from 12 hours in 2018. Gaming the System. Security Is All Fun and Games.

Gaming 56

Gaming Gambling Start-ups Technology 56

PYMNTS

SEPTEMBER 27, 2020

In other news, illegal gambling gangs in China are using cryptocurrency to funnel over 1 trillion yuan ($146.6 billion) per year out of the country, according to Cointelegraph. And, KuCoin has encountered a security breach in which hackers stole over $150 million from the crypto exchange, according to CoinDesk.

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Gambling Legal Gaming 84

PYMNTS

FEBRUARY 4, 2020

The legalization of sports gambling requires an important policy choice, but the choice is not ours to make,” Justice Samuel Alito wrote in the 6-3 opinion. Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. But I knew weather and sports,” Roth noted.

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Gaming Gambling Sports Rhode Island 53

PYMNTS

SEPTEMBER 10, 2018

Bet on it: More gambling is coming to consumers’ mobile devices, including via companies that provide fantasy sports betting, thanks to a U.S. The launch of the app comes amid a shifting gambling culture in the United States, the result of a May decision from the U.S. Supreme Court decision from earlier this year. That includes MGM.

Gambling 40

Gambling Sports New Jersey Gaming 40

PYMNTS

OCTOBER 5, 2018

Supreme Court for the spread of sports gambling if a particular state wants it. Payment processing has been among the chief dampeners of performance in New Jersey’s regulated online gambling market,” observed Legal Sports Report. consumers annually wager about $150 million on sports events, according to the American Gaming Association.

New Jersey 59

New Jersey Gambling Sports Legal 59

PYMNTS

JULY 25, 2018

A recent decision by the Supreme Court of the United States ended a ban on legalized sports gambling, and has the potential to change how sports fans from coast to coast experience games. The court’s decision allows individual states to open online gambling to residents. It’s quite tricky in the U.S., com must clear.

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Gambling Sports Gaming Legal 40

PYMNTS

DECEMBER 27, 2019

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. The revenues of online casinos would have only grown roughly 20 percent in 2019 without sports betting’s presence, per Eilers & Krejcik Gaming Industry Analyst and Partner Chris Grove.

Gaming 52

Gaming West Virginia New Jersey Sports 52

CTP

FEBRUARY 29, 2024

American gaming has boomed since sports betting and online gambling were legalized. Complex tax laws for filing and deducting gambling winnings and losses provide new hurdles for taxpayers. Definitions of gambler categories Gambling winnings are reported differently based on the different categories.

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Gambling Tax Account accountant 105

PYMNTS

NOVEMBER 18, 2019

Against that backdrop, considering the speed at which states are accepting online sports betting (and the strength of the dollars flowing into the space), legalized gambling via mobile seems a sure wager. Several other states have online gambling legislation in the works. The Current State.

Sports 43

Sports Gambling Gaming Government 43

PYMNTS

SEPTEMBER 16, 2020

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. Under the scam, alleged cybercriminals make the online purchases while the same sum is then credited to their gambling account.

Gambling 124

Gambling Gaming Government Account 124

PYMNTS

FEBRUARY 2, 2021

But perhaps his best quote comes from his other pastime, gambling: “I want people to understand, gambling is not a bad thing if you do it within the framework of what it’s meant to be, which is fun and entertaining.”. To an extent, that same spirit and intention is behind the recent spate of government approvals for online gambling.

Tennessee 105

Tennessee Gambling Sports Entertainment 105

PYMNTS

MAY 22, 2020

As it gears up to reopen in Las Vegas, Caesars Entertainment Corporation said it would resume its gaming and hospitality functions at Flamingo Las Vegas and Caesars Palace at “the date and time for reopening specified by the state of Nevada.” Steve Sisolak and public health authorities, according to an announcement.

Hospitality 84

Hospitality Gaming South Dakota Nevada 84

PYMNTS

JANUARY 22, 2020

With every passing year, it becomes harder and harder to talk about, or even think about, the global digital and mobile ecosystem without considering the place of gaming within that world. This means that Niantic has done something unique in gaming. Louis, Philadelphia and Liverpool to the gaming event list. Southern Accents.

Gaming 53

Gaming Georgia Gambling New Jersey 53

PYMNTS

SEPTEMBER 23, 2020

But George Connors , senior vice president of gaming and sports solutions at Fiserv , told PYMNTS in a recent conversation that other things have remained the same — like online gaming. market as regulatory restrictions were lifted from online gambling in recent years. And if major U.S. Giving Consumers What They Want.

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Gambling Sports Gaming Entertainment 88

PYMNTS

JANUARY 20, 2021

It fits in that you want faster payouts for gaming and gambling.”. And that growth will continue even as the pandemic fades, she predicted — because even after consumers get back to “normal” experiences, they aren’t going to abandon their desire for faster payout experience, in gaming or anywhere else. Hernandez said. “We

Gaming 110

Gaming Gambling Sports Entertainment 110

PYMNTS

JUNE 24, 2020

Fans of gambling in Pennsylvania will have access to a new stand-alone gambling app with FanDuel Group ‘s newest product, according to a press release. The FanDuel Casino app was initially only offered through the FanDuel Sportsbook app, which partnered with Valley Forge Casino and Boyd Gaming.

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Pennsylvania Gambling Gaming Legal 65

PYMNTS

SEPTEMBER 17, 2020

It’s been said that “gamblers find things to gamble on.” The Pacers and 76ers’ partnerships cover both fantasy sports and sports betting since both Indiana and Pennsylvania have legalized sports gambling, according to sportsbook publication Sporttechie. How much potential does online gambling have? A ‘League’ Of Their Own .

Gambling 67

Gambling Sports Indiana Nevada 67

PYMNTS

AUGUST 5, 2020

While video streaming services remain popular, research indicates more consumers are also turning to online gaming and gambling platforms. The Tracker also examines how both fraudsters and online gaming platforms are employing new emerging technologies to muscle bad actors out of these services.

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Gambling Gaming Entertainment Sports 111

PYMNTS

JUNE 18, 2020

casinos are moving toward cashless gambling to protect customers and staff from the COVID-19 pandemic. The American Gaming Association (AGA), the Washington, D.C.-based The Nevada Gaming Commission will hold a hearing next week on the recommendations.

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Gambling Nevada Gaming Washington 66