News - Page 16

In a legal showdown that's catching the eye of the online casino and gambling sector, DraftKings is going head-to-head with a former employee and his new employer, Fanatics Sportsbook. This saga, ripe with allegations of non-compete violations, customer poaching, and secret-stealing, unfolded in a recent court hearing, revealing the complexities and cutthroat competition within the industry.

The U.S. gaming industry is booming, bringing with it a spectrum of economic benefits but also shining a light on the darker side of gambling—problem gambling. With the patchwork nature of gaming laws and the availability of gambling options varying dramatically from state to state, problem gamblers face a daunting challenge in seeking help. Enter the forthcoming nonprofit program designed to throw a lifeline to those struggling with gambling addiction: a one-stop resource for self-exclusion available nationwide.

The digital age has transformed the landscape of gambling, making the casino experience more accessible than ever. As more states in the US legalize online casinos, enthusiasts are presented with a plethora of gaming options right at their fingertips. With an industry projected to reach a staggering $35.21 billion by 2029, players have an expanding universe of online casinos to explore. States like Maryland, West Virginia, Louisiana, New Jersey, and Pennsylvania are pioneering this shift, benefiting from increased tax revenues and a growing online community of gamers.

The United Keetoowah Band of Cherokee Indians is betting big on a new venture that could transform the economic landscape of Garfield County, Oklahoma, and set the tribe on a path to becoming a key player in the state's gaming industry. After facing rejection from the city of Enid in 2019, the tribe has now set its sights just beyond the city limits, on a 30-acre tract of land earmarked for development into a bustling casino resort.

Hampered by a regulatory probe into its 2023 earnings restatements, Inspired Entertainment (NASDAQ: INSE) has seen its shares decline 21.70% over the past year. However, at least one analyst sees opportunity with the supplier of video gaming terminals (VGT) and software.

In a move that's sure to catch the eye of investors and iGaming enthusiasts alike, Games Global is stepping into the limelight with plans for a $100 million US initial public offering (IPO). This announcement not only signals a bold step for the Isle of Man-based developer but also spotlights the ever-evolving landscape of the casino gaming and iGaming industry.

In the ever-evolving landscape of online casinos and gambling, the spotlight often shines on the thrill of the game, the allure of the win. Yet, behind the scenes, there's a crucial narrative unfolding—one that speaks to the heart of responsibility and care within the iGaming sector. GambleAware, a beacon of hope for those entangled in the web of problem gambling, has recently unveiled data that not only highlights the urgency of their mission but also the efficiency and dedication with which they pursue it.

In a bold move that's shaking the foundations of the casino and entertainment industry, MGM Resorts International announced on Monday its decision to sue the US Federal Trade Commission (FTC). This unprecedented legal challenge aims to put a stop to an FTC investigation into MGM's operations, a probe initiated after a cybersecurity breach that momentarily crippled the casino's operations in 2023. This incident not only spotlighted the urgent need for enhanced cybersecurity awareness within the industry but also set the stage for a legal showdown that could have far-reaching implications.

The Indian Gaming Association's (IGA) Tradeshow & Convention in Anaheim became the stage for Ernie Stevens Jr., the association's president, to voice a pressing concern. The spotlight wasn't just on the latest in tribal gaming innovation or regulatory insights; it was also on a crucial vacancy at the top of the National Indian Gaming Commission (NIGC). With the NIGC presidency left vacant following E. Sequoyah Simermeyer's exit for FanDuel, Stevens didn't mince words about the urgency and significance of filling this role post-haste.

In a move that’s stirring up the US iGaming and sports betting scene, BetMGM has joined forces with GameCode, a forward-thinking developer known for its groundbreaking game mechanics and captivating content. This collaboration marks a pivotal moment, promising to bring a fresh wave of innovation and excitement to players across the nation.

Casino 999 has recently been honored with the "Most Transparent Casino" award at the Casino Guru Awards 2024, a significant achievement highlighting their dedication to transparency and building a trustworthy relationship with their players. In an exclusive interview, we delved into their journey to the top, the challenges they faced, and what sets the Casino Guru Awards apart from other industry recognitions.

Slotland, an online casino known for its pioneering spirit since its inception in 1998, has just set a new benchmark in its storied history. A monumental win on the Air Mail slot game has crowned a lucky player with a jaw-dropping $374,157 progressive jackpot, the largest payout the platform has seen in its 24 years of operation. This record-setting win not only showcases the thrilling potential of online slots but also solidifies Slotland's reputation as a premier destination for jackpot seekers.

The gaming industry's spotlight turns to the Baltic and Scandinavian regions as the prestigious Baltic & Scandinavian Gaming Awards 2024 voting phase kicks off. Part of the eagerly awaited MARE BALTICUM Gaming & TECH Summit, these awards set the stage for recognizing the crème de la crème of the gaming world in these vibrant regions. Let's dive into what makes this event not just a ceremony, but a celebration of innovation, excellence, and community spirit.

In a move that's set to redefine luxury and entertainment in Greece, the Environment Ministry has given the nod to Project Voria, a multi-million euro casino and hotel complex in Marousi. With this approval, the project inches closer to breaking ground, promising to bring economic revitalization and a fresh allure to the area.

In the ever-evolving world of online casinos and gambling, the UK Gambling Commission (UKGC) is steering the ship with a clear and determined course. As the regulatory waters become increasingly tumultuous, the UKGC has outlined its corporate strategy for the years 2024-2027, setting a course for a future where data reigns supreme and consumer protection is paramount.

In an eye-opening revelation that sounds straight out of a high-stakes thriller, Ukrainian soldiers are allegedly so caught up in the web of online gambling that they're resorting to pawning essential military gear, including drones and thermal imagers, for a shot at fortune. This concerning trend has led Commander Pavlo Petrychenko to sound the alarm and reach out to none other than the country's top office.