
Archive: Vol-22-No-23-June-10-2024







If DraftKings Buys Simplebet, Its AI Fortunes Rise
The U.S. sports betting landscape has turned into a kind of arms race, especially among the biggest players. If DraftKings acquires Simplebet, their fortunes will rise, at least in the AI front.






Dutch KSA Sets Gambling Deposit Limits
The Dutch gambling regulator Kansspelautoriteit (KSA) has set new gambling deposit limits for younger players. It set a deposit limit of €300 ($325) for players 18-24 years old and €700 ($760) for players over 24.






GameON Rocks Boston
The seventh edition of the unique AGS GameON Customer Summit offers compelling sessions, networking in an intimate setting, and the amenities of Encore Boston Harbor.






Thailand to Move Forward on Casinos, but are Lawmakers Too Optimistic?
Gaming analysts at G2E Asia said Thailand must be more realistic about the potential of a casino industry in the country. Vitaly Umansky, Daniel Cheng and Paul Bromberg warn that this will not be Singapore.
Featured Stories More
WEEKLY FEATURE: Amended NY Licensing Plan Proposed; Bally’s Faces Parkland Issue
A bill meant to accelerate the licensing process for New York’s three downstate casinos was amended to provide hard deadlines, but it may not help the chances of the Bally’s project, which faces the same obstacle as Steve Cohen’s plan for Citi Field.
Hard Rock Delays Opening of Permanent Bristol Casino
Bristol, VA bettors will have to wait a little longer for the city’s permanent casino, as Hard Rock officials announced last week that the property will host a full opening later this year rather than a phased opening beginning in July.
Texas Senators Unlikely To Support Gambling Legislation
Texas’ Lt. Gov. Dan Patrick (l.) has stated he will not bring gambling legislation to the Senate floor unless a majority of Republican senators support it. He’s concerned casino resorts’ economic benefits can’t compensate for the societal costs.
Executive Shakeup at Newport Philippines
In a surprise exit June 1, top executives at Newport World Resorts in Manila followed retiring CEO Kingson Sian out the door. On the same day, COO Hakan Dagtas and CFO Bernard Than also resigned.
Alberta Mulls Ontario’s Model for Sports Betting
Alberta, Canada is looking at neighboring Ontario’s sports betting model, which includes a competitive market. Currently the province has a government-run monopoly called Play Alberta that isn’t very popular.
U.K. General Election Leaves Gambling Ministry Vacant
Because of the impending snap election on July 4, the U.K. doesn’t currently have a gambling minister. Gambling Minister Stuart Andrew resigned in order to campaign for a parliamentary seat.
Flutter Completes Transition to NYSE, CFO Steps Down
Flutter Entertainment, owner of FanDuel and other international online and sports betting brands, has completed its move to the New York Stock Exchange, and Rob Coldrake was named the new CFO.
Most Minnesota Stakeholders Optimistic About Sports Betting
Minnesota lawmakers came really close to legalizing sports betting this past session. But the legislature, the tribes, charities, and racetracks seem positive for 2025. Well, not everyone. Some obstacles await.
North Carolina Tribal Casino Construction Starts
The Catawba Indian Nation broke ground on its permanent $700 million casino resort near Charlotte, N.C., at the site of its temporary facility. The project was delayed by a development contract dispute.
GGB PODCAST: Rob Norton, President, Cordish Gaming
This week we sit down with Rob Norton (l.), the president of Cordish Gaming, to talk about the expansion of the company’s Live! casino brand. Norton also pays tribute to his late father, the gaming pioneer Steve Norton.
GGB Podcast sponsored by iGB Live.
ASIAN GAMING More
UEC May Seek Damages from Former CEO
Japanese conglomerate Universal Entertainment Corp. could file suit against former director, president, CEO and CIO Jun Fujimoto, who allegedly breached his fiduciary duties in a $43 million money transfer.
In Cambodia, Low Gaming Taxes Bring Mass Players
Lower taxes on GGR attract more mass players to Cambodia, says gaming commission advisor Daniel Li. Mass revenues are taxed at 7 percent, versus about 35 percent in Vietnam and up to 22 percent in Singapore.
EUROPEAN GAMING More
Kids Exposed to Fewer Gambling Ads in U.K.
The exposure of children 16 and under to gambling advertisements in the U.K. has declined precipitately in the years since 2010. That’s according to a study conducted by the Advertising Standards Authority (ASA).
Ukraine Cracks Down on Illegal Gambling Sites
Ukraine, in an ongoing campaign to squash illegal and unregulated gambling, is targeting 433 illegal online operators. This is a team effort of the Ukrainian Gambling Commission and Security Service of Ukraine.
GLOBAL GAMING More
Brazil Media Giant: Monitoring Essential for Sports Betting
It is necessary to create trusted models for Brazil’s new sports betting sector to ensure consumer confidence. That’s the opinion of Globo, Brazil’s media giant, which called such supervision “essential.”
ONLINE GAMING More
Michigan High Court To Hear Case Against BetMGM
Jacqueline Davis believes she won $3.2 million on an online slot on BetMGM’s site. The sportsbook says Davis didn’t win because the game had a glitch. The Michigan Supreme Court will try to settle the issue.
SPORTS BETTING More
Will Illinois Tax Increase Send FanDuel, DraftKings Packing?
Of course, the sports betting tax hike in Illinois makes the two sportsbook leaders angry. Their talk about re-evaluating the state is nothing more than letting out some steam. Or is it?
UNITED STATES GAMING More
Investor Speculation Sends Caesars, Penn Soaring
Two of the biggest U.S. operators saw their stocks jump more than 15 percent due to investor speculation. For Caesars, that involved the potential reintroduction of Carl Icahn and for Penn, that involved a very harsh open letter to management.
Louisiana Casino Is Latest To Move Ashore
The 30-year-old Treasure Chest in Kenner, Louisiana moved from a riverboat to a land-based $100 million facility (l.). The new venue offers a 48,000-square-foot casino, four restaurants and convention space.
Florida Casino Employees Arrested For Alleged Illegal Gaming
Port Charlotte, Fla. police arrested two suspects after an investigation found alleged illegal gambling on slot machines at two casinos. They had been tipped off that law enforcement was coming by another venue that was raided earlier.
Alabama Official Wants Gambling Special Session
Alabama legislators failed to pass a lottery and casino gambling but David Bronner at Retirement Systems of Alabama said he hopes Gov. Kay Ivey will call a special session on gambling to provide retiree funding. Ivey, however, said she has no plans for that.
PEOPLE More
Crown Resorts Appoints Borghetti as New Chairman
John Borghetti is the new chairman of Crown Resorts, replacing William McBeath. Borghetti, a longtime airline executive, will begin his tenure July 1.
Bressler Named Interim CFO of Bragg
Finance veteran Robbie Bressler (l.) was named interim chief financial officer of Bragg Gaming Group, following previous stints at Bally’s Corp. and Gamesys Group.
GOODS & SERVICES More
TransAct in Talks with Potential ‘Strategic Partners’
TransAct Technologies Inc. has announced its board is creating an independent committee to consider “strategic, operations and financial alternatives” for its business.