Location: +United States
Wall Street Bets: Gaming stocks, IGT, Las Vegas Strip, New York OSB
Gaming industry overview Dan Politzer of J.P. Morgan on June 26 released an overview of gaming stocks: “Macau was one of the more... more
Nevada regulators approve Wynn COO, while reminding him of company’s past failures
The Nevada Gaming Commission continues to remind Wynn Resorts executives that the company needs to do better than it has in the past. The... more
Las Vegas’ drop in tourism and gaming revenue shows no sign of slowing
The drop in visitation to Las Vegas and decline in hotel occupancy show no signs of slowing down over the summer, considering the reports... more
Sources: NBA player Malik Beasley subject of federal gambling probe
Federal authorities are investigating Detroit Pistons guard Malik Beasley on allegations of gambling related to NBA games and prop bets,... more
Kalshi hits $2 billion valuation after latest funding round
Tarek Mansour, CEO of prediction platform Kalshi, announced in an X post that the company has closed a US$185 million funding round and is... more
Florida man pleads guilty to laundering millions in cocaine money via casinos
A Pensacola man pleaded guilty to laundering millions of dollars through a cocaine trafficking scheme, the U.S. Attorney’s Office... more
What’s next for Penn Entertainment, HG Vora after annual meeting?
One of the most notable activist investor battles in gaming is at an odd kind of standstill. As HG Vora attempts to exert greater influence... more
WSOP investigating potential collusion in Millionaire Maker event
The World Series of Poker is investigating the winner and runner-up in its $1,500 Millionaire Maker event that concluded on Wednesday in... more
Tennis leaders lobby gambling firms to close accounts of those abusing female players
Tennis authorities are lobbying gambling firms to close the betting accounts of punters found to have sent abusive messages to female... more
With new ways to wager, gambling addiction may look different than it did before
As discussed in my most recent post, the face of gambling — and gambling addiction — is changing. Far from the old days of late-night trips... more
