MGM’s LeoVegas play; big deal with bigger implications
On its own, the deal is certainly not the biggest seen in the sector. That $607m can be more than covered by MGM’s money in the bank. LeoVegas generated revenues of €391.2m in 2021 and €43.3m of EBITDA. Accompanying the news Monday, LeoVegas also released its first-quarter earnings showing revenues for the three-month period up […]
Tribal panel at IGA discusses the role of IGRA in the 21st Century
The 1988 Indian Gaming Regulatory Act (IGRA) is often framed as opening the door for tribal gaming. According to former National Indian Gaming Commission (NIGC) Chairman Jonodev Chaudhuri, that assessment is incorrect, “the success of tribal gaming is despite not because of IGRA.” The remarks were made at the recently concluded Indian Gaming Association Conference. […]
MA Senate says yes to sports betting, major challenges remain
The Massachusetts Senate spent most of Thursday working through a sports betting bill (H 3993). Senators considered 69 amendments but only adjusted the legislation that emerged from the Ways and Means Committee late last week at the margins. Most amendments received voice votes, which means we don’t know how individual Senators feel about the policies. […]
US market realities drive push for ‘lighter’ B2B betting solutions
Kambi’s latest quarterly results show the impact that big brands moving their tech stacks in-house is having on sports betting solutions providers. The group’s strategy to develop modular, API-powered solutions is a way to address the situation. The 15% and 25% drops in revenue and turnover experienced by online sports betting solution provider Kambi is […]
The Handle: Lower the Sports Gambling Age to 18
Why is the gambling age 21? The gambling age is 21 because that is what it is for a lot of traditional gaming. Additionally, with the drinking age set at 21, that also closely aligns with gambling as a newly legalized vice. With the nationwide push to also raise the tobacco purchasing age to 21, […]