Washington Post and New York Times find fault with sports betting
Summary: The Washington Post and the New York Times raised concerns about the sudden rise of sports betting in the US, with The Post running a story on gambling addiction and The Times Magazine discussing betting’s “infiltration” of the sports experience. Why it matters: The spread of legal sports betting and the accompanying volume of […]
Online gambling revenue unaffected as casino revenue rebounds
Summary: The pandemic boosted online casino revenues, and surprisingly, now that land-based casino revenue has bounced back to pre-pandemic levels in New Jersey and Pennsylvania, online casino revenue continues to rise, per Eilers & Krejcik Gaming. Why it matters: Among the questions when casinos shuttered during COVID-19 lockdowns were how many retail gamblers would migrate […]
Calls to gambling hotlines triple in Arizona
Arizona sees gambling addiction surge after sports betting is legalized3:45Sports betting is impossible to avoid in Arizona. The constant commercials, billboards, and targeted mobile ads are designed to get you signed up and gambling — and it is working, too.Apr. 29, 2022Uploaded by ABC15 Arizona
LeoVegas chairman: MGM sees global online opportunity
Summary: Talking this morning in Stockholm about the news of MGM’s $607m bid for his company, chairman Per Norman said the US casino giant “clearly” saw a “unique opportunity for LeoVegas to create a global offer”. He added that consolidation within the global gaming sector was ongoing and that “size will matter even more in […]
MGM Resorts makes $607m offer for LeoVegas
Summary: The news came with the brought-forward publication of the Stockholm-listed online gaming and sports-betting operator’s Q1 earnings. The offer of SEK61 per share comes at a premium of 44% to LeoVegas closing price on Friday. Why it matters: The offer is hugely significant in terms of MGM’s digital ambitions; the company said it will […]