Defunct Macau mega-junket Suncity generated US$920 million in illegal proxy bets between August 2017 and June 2020, according to the gambling hub’s judiciary police. That’s despite its on-trial former boss, Alvin Chau, telling a Macau court his company got out of the proxy business when the enclave’s government issued a guideline to ban it in […]
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Red Rock Resorts (NASDAQ: RRR) announced today it’s paying a one-off dividend of $1 per share to investors. The special payout will be paid on Dec. 9 to shareholders of record as of the close of business Nov. 30. Prior to the payment of such dividend, Station Holdco LLC (“Station Holdco”) will make a cash […]
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Shares of Penn Entertainment (NASDAQ:PENN) jumped 4.59% today on volume that was nearly double the daily average. The movement came on speculation an activist investor took a stake in the gaming company. That surge, which occurred on volume that was nearly double the daily average, was good for one of the best showings among gaming […]
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A “high-ranking” manager at online casino giant LeoVegas and two other individuals have been arrested in Stockholm on suspicion of insider trading, Swedish newspaper Aftonbladet reports The manager is suspected of leaking privileged information about MGM Resorts International’s $600 million acquisition of LeoVegas before the deal went public. The two other suspects have no direct […]
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Spain’s gaming regulator has routinely been one of the more disciplined in the industry. However, accusations that it is stalling on certain aspects of its responsibilities are causing it some unnecessary grief. Spain’s Ministry of Consumer Affairs (MCA) has a hefty backlog of serious sanctions on online gaming operators it hasn’t published. The General Directorate […]
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Israel Adesanya was confident that he could defend his title when he took on Alex Pereira in UFC 281. He was mistaken, and wasn’t the only one to lose, as the rapper Drake had expected him to win, as well. For much of the fight, Adesanya was in control. He took advantage of his kicks […]
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As expected, Sunday’s NFL lineup included a couple of games, including the battle between the Minnesota Vikings and Buffalo Bills, that were over the top. The game between the New Orleans Saints and the Pittsburgh Steelers, however, wasn’t one of them. The Saints made their way to the pigeon-filled Acrisure Stadium for their Week 10 […]
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The Shubert Organization is the latest powerful Broadway group to criticize plans for a casino in New York’s Times Square. Shubert, which is the largest theater owner on Broadway, joins the Broadway League in opposing a proposal floated by real estate investment trust (REIT) SL Green to build a casino in the world-famous theater district. […]
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Many political bettors are paying the price for the Democrats’ upset of the Republican Party in the 2022 midterms, an election that many expected to go heavily in the GOP’s favor. Prior to the Nov. 8 Election Day, political bettors on trading exchanges such as PredictIt and Smarkets had the GOP as considerable front-runners to […]
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Last month, Indiana sportsbooks posted one of their best months ever since sports betting went live in the state three years ago. In October, the state’s retail sportsbooks and online wagering apps took $446.2 million in wagers for October, according to information the Indiana Gaming Commission released this week. That is the highest total since […]
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