Online gambling companies reportedly will be prevented from operating in Brazil if they haven’t requested authorization to do so. The potential suspensions announced by Brazil’s Finance Ministry will begin Oct. 1 as part of the country’s tightening of online gambling rules, Bloomberg reported Tuesday (Sept. 17)....
A newly proposed bill would require states that allow sports betting to meet minimum federal standards covering advertising, affordability and artificial intelligence. The SAFE Bet Act was introduced Thursday (Sept. 12) by Congressman Paul D. Tonko, D-.Y., and Sen. Richard Blumenthal, D-Conn., according to a press release...
As the NFL season gets underway, sports betting has reportedly become big business in the United States. Since a Supreme Court ruling overturned a law that prevented state-sanctioned sportsbooks in 2018, over $220 billion has been wagered in the U.S. sports gambling industry, Bloomberg reported...
BetMGM says it is the first betting app offering Nevada bettors nationwide connectivity via digital wallet. “Through its operation and partnership with MGM Resorts International and powered by Entain’s technology, this innovative feature makes BetMGM the only legalized sports betting app to allow Nevada residents and visitors to...
February 13, 2024
MGM Resorts International, Las Vegas’ largest casino operator, reported record full-year and Q4 net revenue for its operations in the city on Tuesday (Feb. 13), a milestone achievement coming on the heels of a cyberattack which has left the hotel and gaming company facing a $100 million loss. On Sept. 12, PYMNTS wrote that MGM Resorts’ websites […]
October 23, 2023
Out on the casino floor, moves occur in real time. Chips can be turned in for cash in hand immediately after winning them, and players can move from one game...
May 12, 2023
The proliferation of riskier, long-shot betting strategies may mean gamblers are more eager to get their winnings — now. The Wall Street Journal reported this week (May 7) on the...
February 07, 2023
The Super Bowl is synonymous with a surge in online sports betting. Last year, Americans wagered around $7.6 billion overall on the event, according to the American Gaming Association, with tens...
September 20, 2024
Online sports betting reportedly may be contributing to consumer spending growing slower than expected in Brazil. Some banks and think tanks are making that connection at a time when online sports betting has become a “craze” in Brazil, Reuters reported Friday (Sept. 20). Brazil has become one of the world’s top six betting markets, according […]
September 17, 2024
Online gambling companies reportedly will be prevented from operating in Brazil if they haven’t requested authorization to do so. The potential suspensions announced by Brazil’s Finance Ministry will begin Oct....
September 13, 2024
A newly proposed bill would require states that allow sports betting to meet minimum federal standards covering advertising, affordability and artificial intelligence. The SAFE Bet Act was introduced Thursday (Sept. 12)...
September 06, 2024
As the NFL season gets underway, sports betting has reportedly become big business in the United States. Since a Supreme Court ruling overturned a law that prevented state-sanctioned sportsbooks in...
