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Just don’t bet on NFL games In light of a rash of gambling-related suspensions and the revelation that many players were not aware of or do not understand the league’s gambling rules, the NFL has amended its policies to clarify what is and is not allowed, along with specific punishments. In a memo from commissioner… Read more »
Bucks got their guy The Milwaukee Bucks were already one of the favorites to win the 2023-2024 NBA Championship, but now, after pulling off a blockbuster deal for all-world guard Damian Lillard, oddsmakers have them as THE favorites. Before the three-way trade with the Portland Trailblazers and Phoenix Suns, the Bucks were +750 at Caesars… Read more »
Plaintiffs allege lax cybersecurity As MGM Resorts International slowly gets back to normal after the cyberattack that crippled the company from the corporate offices through its casinos, it now faces another challenge: a slew of lawsuits. Last week, three law firms filed a total of five class action lawsuits against both MGM and Caesars, claiming… Read more »
Tragedy struck the Las Vegas Strip over the weekend as a construction worker who was on the crew erecting the grandstand for the Las Vegas Grand Prix died in a workplace accident. The man has been identified as 37-year-old Tizonic Antonio. Las Vegas Metropolitan Police responded to an emergency call on Saturday at the Fountains… Read more »
Not there for the food The success of one bettor in Washington, D.C. made the D.C. Lottery change its rules over the summer. According to an article Tuesday in The Washington Post, a 27-year old former data scientist did so well by gaming a flawed system that state regulators put strict betting limits in place… Read more »
Maybe not 100% More than a week after hackers crippled its computer systems, MGM Resorts International says that its “hotels and casinos are operating normally.” In a Tuesday morning statement, Nevada’s largest employer thanked customers for their patience and noted that there could still some “intermittent” issues. “Our resort services, dining, entertainment, pools and spas… Read more »
No end in sight MGM Resorts International is still struggling to gain control of all of its computer systems since last week’s cyberattack and, as one might guess, it is costing the company money. David Katz (no relation), an equity analyst with Jefferies Group, estimates that MGM is losing from $4.2 million to $8.4 million… Read more »
Hard-fought battle The San Francisco 49ers defeated the Los Angeles Rams on Sunday in Week 2 NFL action. It was to be expected, after all, the Niners were 7.5-point favorites. And fancy that, the oddsmakers had it dead on, as San Francisco won the game 30-23. All makes sense in this crazy world of ours.… Read more »
First things first Bally’s Corporation has acquired the lease to operate the Trump Golf Links at Ferry Point in the Bronx from Donald Trump’s company, the Trump Organization. The exact dollar amount involved has not been made public, but Eric Trump, the disgraced former President’s son, said it was an “exceptional offer.” Speculation has the… Read more »
The NFL season begins tomorrow and with it, so does the season of raining money for sportsbooks. And Americans have their wallets open. According to a survey commissioned by the American Gaming Association (AGA), about 73.5 million Americans, or more than 25% of the adult population, plan to place a bet on the NFL this… Read more »
Don’t gamble, kids It’s scary how long ago it was now, but almost 20 years ago, I visited Greektown Casino – now Hollywood Casino at Greektown – in Detroit. I was on a business trip for a horrible consulting job I quit after about four months, making the rounds in the Midwest to different car… Read more »
A different kind of casino robbery Crypto casino Stake has confirmed that its hot wallets were hacked, resulting in the infiltrators pilfering millions of dollars worth of cryptocurrency. According to the company, the hacks occurred around 10:00am ET Monday morning. Before the confirmation, posted on X, cybersecurity firm Cyvers posted that it had detected “multiple… Read more »
Game went according to plan It’s the most wonderful time of the year for sportsbooks: football season. College football first official weekend wraps up tonight and the NFL begins this week, so sports bettors also feel like it’s Christmas morning. But with all the fun people have wagering, there are also tons of bad beats.… Read more »
Next to a camp for kids The five commissioners of Rockingham County, North Carolina voted unanimously to rezone a 192-acre parcel of land to make way for a casino. Before Monday’s vote, the commissions heard from residents who were opposed to the potential infringement on the otherwise quiet, rural county. “Do what is right,” Kelly… Read more »
Some parents feel duped As the jockeying for one of three New York Casino casino licenses heats up, gambling companies are doing whatever they can to make their bids look as attractive as possible. One of the tactics that has drawn sharp criticism from local residents is the sponsorship of youth sports. The New York… Read more »
Two mothers have filed a lawsuit against the popular video game platform Roblox, accusing it of facilitating gambling among minors. In the suit, filed in US District Court for the Northern District of California, Rachel Colvin and Danielle Sass said their children gambled away Roblox in-game currency on third-party websites. They claim that Roblox is… Read more »
Another starter gone The fallout continues in the sports betting scandal that is rocking collegiate sports in Iowa. The latest: Iowa State University defensive lineman Isaiah Lee, who started in all of his team’s games last season, has left the program. Lee is one of several Iowa State and University of Iowa athletes that was… Read more »
Half a year of live testing As some online sportsbooks in the United States are falling by the wayside, Fanatics Sportsbook is forging ahead. On Wednesday, the company announced that it has officially launched its platform in Maryland, Massachusetts, Ohio, and Tennessee after six months of beta testing. “We are laser focused on solving pain… Read more »
Well, it was certainly creative A man who ran a TikTok gambling “service” in Minnesota has been arrested seven months after authorities uncovered his scheme. 40-year-old Blake Fitzgerald has been charged with three counts of running an illegal gambling operation. It is really a wonder why he wasn’t caught earlier and, frankly, why it took… Read more »
Wynn Resorts has announced that pulling its sportsbook WynnBET out of two-thirds of the states in which it operates. “In light of the continued requirement for outsized marketing spend through user acquisition and promotions in online sports betting, we believe there are higher and better uses of capital deployment for Wynn Resorts shareholders,” said Julie… Read more »
In March, Crown London Aspinalls Casino argued in court that high roller Lester Hui should pay £589,724 in baccarat losses that he incurred years earlier. Hui claimed the casino knowing gave him alcohol until he was “blackout drunk” and thus couldn’t make appropriate decisions. On Friday, a UK High Court judge sided with the casino… Read more »
New giant on the block In what will be a sizable shift in the US sports betting industry, ESPN and Penn Entertainment have partnered to create ESPN BET. It will be the sports media leader’s first official entry into the sports wagering business, though it has partnered with other companies as sponsors and broadcast data… Read more »
Taking advantage of the giving spirit U.S. Attorney’s Office for the Southern District of Georgia has charged a man from Dublin, Georgia with dozens of counts related to his defrauding people out of over $30 million and using about $1 million of that to bet on sports online. In the indictment unsealed this week, 45-year-old… Read more »
Lots of bets, small dollar amounts It looks like the Iowa State University football team is going to have to scramble to figure out who will be starting at quarterback when the team opens its season a month from today against the University of Northern Illinois. Hunter Dekkers, who started every game for the Cyclones… Read more »
Are you ready to be a loser once again? I know I am. Mega Millions, one of the two major multi-state lotteries in the United States, has again seen its jackpot climb above $1 billion. For the next drawing, scheduled for Tuesday night, the estimated jackpot is a brain-numbing $1.1 billion. And you know I’m… Read more »
