Massachusetts House and Senate miles apart on sports betting
As was first reported by Colin A. Young of Statehouse News Service, the Massachusetts Senate Ways and Means Committee advanced a heavily amended version of the sports betting bill (H 3993) passed by the House in July 2021. That’s the good news. The bad news is the Senate version of the bill differs in several […]
Read MoreSelf-inflicted wounds continue to damage online poker efforts
When it rains, it pours, and for Poker Twitter, last week was monsoon season. First were allegations leveled by two-time Global Poker Index Player of the Year Alex Foxen against current GPI POY Ali Imsirovic. According to Foxen, Imsirovic is banned from GG Poker for multi-accounting and using real-time assistance. Poker black-list can't come soon […]
Read MoreUS online casinos set revenue record as MI closes in on NJ
In March, New Jersey, Pennsylvania, and Michigan set new online casino revenue records, propelling the legal US market to an all-time revenue high. The six legal online casino states pushed past the $400 million mark for the first time and did so with ease, with a final tally of more than $424 million. However, on […]
Read MoreKambi increases revenue and profits, why aren’t investors noticing?
In its recently released annual report, Kambi reported revenue of €162.4 million in 2021, a 38% year-over-year increase, while its operating profit grew by more than twice that amount, 77%. These numbers stand in stark contrast to Kambi’s stock performance, which took a beating following the company’s loss of two sports betting partners – Mohegan Sun […]
Read MoreAnalysis: How online gambling has changed Atlantic City
When New Jersey legalized online gambling in 2013, the modern-day version of the Millerites came out of the woodwork. The anti-online gambling crowd spent years with fingers in their ears shouting, “online gambling will destroy the Atlantic City casino industry and lead to a problem gambling epidemic,” to any outlet willing to listen. These doomsday warnings never […]
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