LeoVegas offices raided over insider trading allegations
Summary: The Swedish Economic Crime Authority has searched the offices of LeoVegas as it investigates insider trading allegations stemming from the proposed $600 million acquisition of the company by MGM. Why it matters: According to Swedish reports, authorities are investigating suspicious trading around the time of the deal that sent LeoVegas stock prices soaring.This is […]
Read MoreProblem gambling fearmongering makes an appearance in CA
NCPG weighs in on problem gambling attack ads in California“There is a long, rich history of people in the gambling industry using problem gaming as an attack, and it always comes back to bite them. We saw this in California, when Nevada casinos were trying to keep the Indian casinos out. It’s ironic that it’s […]
Read MoreRSI Launches its BetRivers Sportsbook in West Virginia
Summary: Rush Street Interactive has launched its BetRivers sportsbook in West Virginia via its partnership with Mountaineer Casino, Racetrack & Resort. The sportsbook will be paired with its online casino app that has operated in the state since April 2021. Why it matters: Despite not having a sportsbook, the BetRivers online casino has a market […]
Read MoreMichigan cracks down on illegal gambling
Summary: Days before three people were sentenced in a 2019 illegal gambling operation case, five people were charged with running a similar unlawful gambling operation in Michigan following a raid in May Why it matters: While appearing to be brick & mortar gambling, the cases involve dozens of computers used to gamble at so-called internet […]
Read MoreFanDuel leads Arizona sports betting in March
Summary: The Arizona Department of Gaming’s latest data for March 2022 shows that DraftKings led in sports betting handle, but FanDuel leads the state for revenue. Why it matters: Revenue is what operators are left with once they have paid out promotions and player winnings and is an indicator of the margins sportsbooks are generating.FanDuel’s […]
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