Category: Regulation
Online Betting, Marijuana Altering State Tax Bases
US states have long applied “sin taxes” to items such as alcohol, beer, cigarettes, other tobacco products, and wine as avenues for bolstering revenue. More recently, marijuana and sports wagering have been added to the mix, representing alterations to some states’ revenue compositions. Illinois Gov. J.B. Pritzker arrives at the State Capitol to deliver his…
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Iowa Casino Moratorium to Lift, Clear Way for Cedar Rapids Resort
New casinos could soon come to Iowa after state senators opted not to extend a moratorium that had pumped the brakes on the Iowa Racing and Gaming Commission (IRGC) issuing new gaming licenses. A rendering of the long-proposed Cedar Crossing casino in Cedar Rapids, Iowa. The $250 million development has been resurrected after Iowa lawmakers…
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New York City Council Green Lights Casino Zoning Changes
In a Thursday vote of 35 to 15, the New York City Council signed off on the “Gaming Facility Text Amendment,” which would allow for casino hotels to be constructed in select areas of the five boroughs. New York Mayor Adams (D). On Thursday, the City Council approved his plan for zoning changes to accommodate…
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Embattled New Hampshire Casino is Not Yet Sold, State Must Approve New Owner
Concord Casino has yet to be acquired by another owner as the deadline for the New Hampshire property’s sale is just a few months away. Concord Casino, pictured above. The New Hampshire gaming property must be sold this year. (Image: New Hampshire Bulletin) In January, the charitable casino’s owner, Andy Sanborn, was to start looking…
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Thai Finance Ministry to Lead Review of Casino Study
Thailand’s Ministry of Finance will run point in mulling a House of Representatives study that could pave the way for regulated casinos in the Southeast Asian country. An aerial view of part of Doi Inthanon National Park in Thailand. The country’s Finance Ministry will lead a 17-agency review of a casino gaming study. (Image: Location…
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MGM Sues FTC Over Scattered Spider Hack Probe, Demands Khan Recuse Herself
MGM Resorts International (NYSE: MGM) sued the Federal Trade Commission (FTC) on Monday regarding the agency’s probe into a 2023 cybersecurity breach that plagued the casino giant. The gaming company is also demanding that FTC Chairwoman Lina Khan recuse herself from the case due to potential conflicts of interest. FTC Chairwoman Lina Khan. MGM sued…
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Illegal Offshore Sportsbooks Took More March Madness Action Than Legal Operators
Despite legal sports betting being more widely available in the United States than ever before, a study on the 2024 men’s and women’s NCAA March Madness tournaments concluded that illegal offshore sportsbooks still outpaced regulated books in terms of action. Unregulated and illegal online sports betting websites and apps presumably took more wagers on this…
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Manhattan Community Board Questions Related Cos. Wynn Casino Plan
Manhattan Community Board 4 (MCB4) has questions about Related Cos.’ plans to develop the next phase of Hudson Yards on the west side of Manhattan, including a proposed casino hotel that would be operated by Wynn Resorts. Hudson Yards in New York City. A proposed casino project at Western Yards is drawing the ire of…
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Jontay Porter Could be Banned from NBA if Guilty of Match Fixing: Adam Silver
NBA Commissioner Adam Silver says the Toronto Raptors’ Jontay Porter could be banned from the league for life if match-fixing allegations are found to be true. NBA president Adam Silver, above, was the first major league figure to back legalized sports betting and continues to believe regulation combats match-fixing. But he won’t go lightly on…
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Pope County Casino License Rules Advance in Arkansas Legislature
A statute that would amend Arkansas’ casino licensing protocols and allow the Arkansas Racing Commission (ARC) to conduct another bidding round for a gaming concession in Pope County has advanced in the state Legislature. Downtown Russellville in Arkansas’ Pope County where two casino companies are bidding to open a gaming resort. The Arkansas Racing Commission…
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