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Exploring the Legalities of Online Crypto Gambling

Cryptocurrency gambling has grown to become the future of the online casino industry, leaving previous standards in the dust. The legality of gambling has always been under fire from outside regulators. Centralized banking institutions can reject or block online gambling transactions to follow the law's conditions. When online casinos gained…
Crypto
World Casino News

PA Senator Pushes For Online Gambling Credit Card Ban

Wayne Fontana, a Pennsylvania State Senator, intends to present a bill that would forbid the utilization of credit cards for online casino play, fantasy sports, iLottery and for online sports gambling. The main goal of this legislative push is to change the current rules that permit Pennsylvania residents to utilize credit cards to finance the…
Payment Methods
PA Senator Pushes For Online Gambling Credit Card Ban
Wild Casino
The Detroit News

Michigan leads the nation in this type of gambling

Atlantic City, N.J. - Michigan is No. 1 when it comes to online gambling. The Great Lakes State generated $1.92 billion in annual internet gambling revenue last year, edging New Jersey by just $115500 to become the largest internet gambling market in the country, according to the American Gaming Association. Overall, online gaming generated $6.17…
Finance
Michigan leads the nation in this type of gambling
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U.S. casinos won record $66.5B in 2023 as gamblers show no economic fear

America's commercial casinos won $66.5 billion from gamblers in 2023, the industry's best year ever, according to figures released by its national trade association Tuesday. The American Gaming Association said that total was 10% higher than in 2022, which itself was a record-setting year. When revenue figures from tribal-owned casinos are released…
Finance
U.S. casinos won record $66.5B in 2023 as gamblers show no economic fear
KRON 4

US casinos won $66.5B in 2023, their best year ever as gamblers showed no economic fear

ATLANTIC CITY, N.J. (AP) - America's commercial casinos won $66.5 billion from gamblers in 2023, the industry's best year ever, according to figures released by its national trade association Tuesday. The American Gaming Association said that total was 10% higher than in 2022, which itself was a record-setting year. When revenue figures from…
Finance
US casinos won $66.5B in 2023, their best year ever as gamblers showed no economic fear
Leigh Valley Live

U.S. casinos won $66.5B in 2023, their best year ever as gamblers showed no economic fear

America's commercial casinos won $66.5 billion from gamblers in 2023, the industry's best year ever, according to figures released by its national trade association Tuesday. The American Gaming Association said that total was 10% higher than in 2022, which itself was a record-setting year. When revenue figures from tribal-owned casinos are released…
Finance
U.S. casinos won $66.5B in 2023, their best year ever as gamblers showed no economic fear
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Fortune

Viva Las Vegas: commercial casinos revealed record-setting revenues of $66.5 billion

America's commercial casinos won $66.5 billion from gamblers in 2023, the industry's best year ever, according to figures released by its national trade association Tuesday. The American Gaming Association said that total was 10% higher than in 2022, which itself was a record-setting year. When revenue figures from tribal-owned casinos are released…
Finance
Viva Las Vegas: commercial casinos revealed record-setting revenues of $66.5 billion
WTAE

Casinos won over $66 billion in 2023, their best year ever

America's commercial casinos won $66.5 billion from gamblers in 2023, the industry's best year ever, according to figures released by its national trade association Tuesday.The American Gaming Association said that total was 10% higher than in 2022, which itself was a record-setting year.When revenue figures from tribal-owned casinos are released…
Finance
Casinos won over $66 billion in 2023, their best year ever
FOX 10 News

US casinos win big in 2023

Despite fears of inflation, gamblers put their money where their mouths were in 2023, bringing record profits to gambling houses. ATLANTIC CITY, N.J. - America's commercial casinos won $66.5 billion from gamblers in 2023, the industry's best year ever, according to figures released by its national trade association Tuesday. The American Gaming…
Finance
US casinos win big in 2023
businesspress.vegas

Gaming attorney Frank Schreck bullish on casino industry

The dean of Nevada's gaming attorneys said the casino industry couldn't be doing much better and sees nothing slowing it down in 2024 as the state is on pace for record gambling revenue in 2023. The latest economic reports have turned positive with impressive GDP growth, the Federal Reserve contemplating rate cuts as the rate of inflation…
Industry
Gaming attorney Frank Schreck bullish on casino industry
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Bristol Herald Courier

35,000 Las Vegas casino employees prepared to strike if deal not reached

TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Friday, November 3. J.D. DURKIN: I'm J.D. Durkin - reporting from the New York Stock Exchange. Stocks were in the green to close out today's session. The Dow closed up over 200 points, the Nasdaq closed up 1.3…
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35,000 Las Vegas casino employees prepared to strike if deal not reached
Markets Insider

Las Vegas Casinos Could Be Signaling a Recession, With Stocks Plunging

US stocks have had a miserable couple of months after starting 2023 on a tear - and one sector is feeling the whiplash more than most. Publicly listed casino owners and operators have seen their share prices slump since the start of August, with some entering bear-market territory after dropping more than 20%. The biggest losers have been the…
Land-based
Las Vegas Casinos Could Be Signaling a Recession, With Stocks Plunging
Payments Journal

Australia Takes Steps to Curb Online Gambling Harm

In a significant move to protect vulnerable Australians from the perils of online gambling, the Australian Labor Party Government is set to introduce legislation that bans the use of credit cards and related financial products for online betting. Under the proposed Interactive Gambling Amendment (Credit and Other Measures) bill, companies that fail…
Gambling Addiction
Australia Takes Steps to Curb Online Gambling Harm
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cryptosaurus.tech

What This Means for Global Bitcoin Adoption and Online Gambling

Learn more about the popular cryptocurrency, bitcoin, how it can be used, its impact on the gaming industry, and the benefits of crypto gaming. Bitcoin is the king of cryptocurrency, the decentralized coin that started it all. We trace the journey of bitcoin, from where it began to how it has grown into a global phenomenon used as a life-saving…
Crypto
What This Means for Global Bitcoin Adoption and Online Gambling
Markets Insider

Las Vegas Gambling, Partying Signals Recession Isn't Imminent: Chanos

Fears of an imminent recession could be overblown given the carefree vibe in Las Vegas, Jim Chanos says. "The recession that FinTwit is convinced is upon us may be delayed because it is still partying in Vegas…," the short seller on Tuesday, using the nickname for Twitter's finance community. The Chanos & Company boss shared a from Las Vegas…
Finance
Las Vegas Gambling, Partying Signals Recession Isn't Imminent: Chanos
Yogonet

Dream Las Vegas hotel-casino sees construction halted amid stalled funding plans

Construction work on Strip hotel-casino Dream Las Vegas has "fully stopped," according to local media, as the developers' stalled financing plans left them owing tens of millions of dollars for the project. Dream, on Las Vegas Boulevard just south of Russell Road, broke ground last year. Completion of the project is seemingly facing major…
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The Benefits of Using Stablecoins for Crypto Gambling

The use of stablecoins in the casino industry has increased recently. Stablecoins have gained popularity in the gambling industry due to their stability and the advantages they offer over traditional payment methods. One might ask why anyone would use a stablecoin for gambling purposes if the primary value of cryptocurrencies lies in their…
Crypto
The Benefits of Using Stablecoins for Crypto Gambling
Texarkana Gazette

Casinos and consulting? Pandemic spurs tribes to diversify

MASHANTUCKET, Conn. -- When the COVID-19 pandemic shuttered Foxwoods Resort Casino in Connecticut for three months in 2020, its owners, the Mashantucket Pequot Tribal Nation, had to reckon with decades of relying heavily on gambling as the tribe's main source of revenue. "The fact that the casino revenues went from millions to zero overnight just…
Industry
Casinos and consulting? Pandemic spurs tribes to diversify
Fortune

Tribes push beyond casinos after pandemic ‘eye-opener’

When the COVID-19 pandemic shuttered Foxwoods Resort Casino in Connecticut for three months in 2020, its owners, the Mashantucket Pequot Tribal Nation, had to reckon with decades of relying heavily on gambling as the tribe's main source of revenue. "The fact that the casino revenues went from millions to zero overnight just fully reiterated the…
Industry
Tribes push beyond casinos after pandemic ‘eye-opener’
rep-am.com

Diversifying: Foxwoods, other casinos consider new revenue sources

MASHANTUCKET - When the COVID-19 pandemic shuttered Foxwoods Resort Casino in Connecticut for three months in 2020, its owners, the Mashantucket Pequot Tribal Nation, had to reckon with decades of relying heavily on gambling as the tribe's main source of revenue. "The fact that the casino revenues went from millions to zero overnight just fully…
Industry
Diversifying: Foxwoods, other casinos consider new revenue sources
Fox 61

Tribes diversify away from casinos following pandemic

Tribal leaders and business experts say the pandemic has been a sign that tribal governments with casinos can't depend solely on slot machines to support the future. MASHANTUCKET, Conn. - When the COVID-19 pandemic shuttered Foxwoods Resort Casino in Connecticut for three months in 2020, its owners, the Mashantucket Pequot Tribal Nation, had to…
Industry
The National Herald

Casinos and Consulting? Pandemic Spurs Tribes to Diversify

MASHANTUCKET, Conn. - When the COVID-19 pandemic shuttered Foxwoods Resort Casino in Connecticut for three months in 2020, its owners, the Mashantucket Pequot Tribal Nation, had to reckon with decades of relying heavily on gambling as the tribe's main source of revenue. "The fact that the casino revenues went from millions to zero overnight just…
Industry
Casinos and Consulting? Pandemic Spurs Tribes to Diversify
iGaming Business

More bullishness for Las Vegas in 2023 after records set in 2022

The optimism started with a strong finish to 2022 that had Nevada breaking its 2021 gaming revenue record by the time November ended. By the end of December, Nevada had recorded 22 consecutive months in which gaming revenue exceeded $1bn. The 2022 figure of $14.8bn was 10.5% higher than in 2021. But what topped it off was how the Strip, in one of…
Travel
More bullishness for Las Vegas in 2023 after records set in 2022
Seeking Alpha

PlayAGS Appears Well Positioned For Casino Rebound (NYSE:AGS)

PlayAGS (NYSE: AGS) reported its Q32022 financial results on November 12, 2022, beating revenue and EPS estimates. The firm provides electronic gaming machines and online gaming to the gaming industry in the U.S. and overseas. While AGS appears positioned to benefit from a more robust and'normal' casino business environment, there isn't much…
Industry
PlayAGS Appears Well Positioned For Casino Rebound (NYSE:AGS)
Nevada Appeal

Nevada casinos close out 2022 with record gaming revenue figures

Nevada's casino industry set annual gaming revenue records statewide and on the Strip when November's figures were counted. December's response? "Not so fast." Fueled by a single-month record for the Strip in December, Nevada finished 2022 with more than $14.8 billion in gaming revenue, blowing past 2021's $13.4 billion by 10.5 percent, the state's…
Finance
Nevada casinos close out 2022 with record gaming revenue figures
News-Daily

Las Vegas Strip Gets a Dangerous Warning

Covid, M-Pox, RSV, and other illnesses could not keep the Las Vegas Strip Resort Casinos down, but a new development might be a major problem. While the covid pandemic closed the Las Vegas Strip, that closure almost seemed to create an opportunity for major resort casino operators to make changes. MGM Resorts International (MGM) - Get Free…
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Las Vegas Strip Gets a Dangerous Warning
Commercial Observer

Fontainebleau Scores $2.2B Loan to Build 9M-SF Resort and Casino in Las Vegas

Sacrebleu! The Las Vegas Strip is getting another casino. A joint venture between Fontainebleau Development and Koch Real Estate Investment has locked down the $2.2 billion needed to build its new 67-story hotel, entertainment and gaming destination in Sin City, the developers announced Friday. At a time when financing is harder to secure than a…
Land-based
Fontainebleau Scores $2.2B Loan to Build 9M-SF Resort and Casino in Las Vegas
Daily Mail Online

Get your tickets! Powerball Jackpot soars to $800 million

The Powerball jackpot now sits at a whopping $800 million after no winners were declared during Wednesday night's drawing for the $700 million pot. The exceedingly high figure - the second highest ever in the game's 30-year history - will be drawn for on Saturday night and could grow even more before then. Wednesday was the 36th draw in a row for…
Winnings
Get your tickets! Powerball Jackpot soars to $800 million
Review Journal

New Dream Las Vegas hotel-casino ready to break ground next to airport

The south edge of the Strip is set to get a new hotel. Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking Friday for the 531-room casino-resort on Las Vegas Boulevard just south of Russell Road. The project, estimated to cost around $550 million, is slated to feature restaurants, nightlife, a third-level pool deck and…
Land-based
New Dream Las Vegas hotel-casino ready to break ground next to airport
Casino News Daily

Pathways exist for online casino gambling in almost every U.S. state but obstacles remain

With the demise of the Professional and Amateur Sports Protection Act of 1992 (PASPA, the Bradley Act) following a U.S. Supreme Court on May 14, 2018 sports betting liberalization at the state level rolled across America like thunder with consumers, casinos, and state legislatures welcoming the decision that made the practice legal nationwide again…
Sports
Kalkine Media

Kalkine Media explores five US casino stocks to watch in October

The casino sector comprises firms from the gaming industry that offer leisure and other related services through their resorts and casino gaming properties. To name some, Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM), Caesars Entertainment, Inc. (NASDAQ: CZR), and Boyd Gaming…
Finance
Kalkine Media explores five US casino stocks to watch in October
Chicago Sun Times

Before we get a Chicago casino, let’s protect families from gambling addiction

If things go as planned for Bally's, which wants to build Chicago's first casino, Chicagoans will be able to gamble away their paychecks as early as next summer. While many of our politicians tout the economic benefits to the city, there are some who share my concern that no benefit should come at the expense of families and children. Bally's…
Gambling Addiction
Before we get a Chicago casino, let’s protect families from gambling addiction
Review Journal

New Las Vegas hotel-casino ready to break ground next to airport

The south edge of the Strip is set to get a new hotel. Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking July 8 for the 531-room casino-resort on Las Vegas Boulevard just south of Russell Road. The project, estimated to cost around $550 million, is slated to feature restaurants, nightlife, a third-level pool deck and…
Land-based
New Las Vegas hotel-casino ready to break ground next to airport
The Press Of Atlantic City

Our view: Big pay increase right goal for casino union

This is a good time for union casino workers to be negotiating for a new multi-year contract. Their case for needing higher pay and for the ability of Atlantic City's nine casinos to provide it hasn't looked this strong for many years. Local 54 of the Unite Here union is by far the largest representative of city casino workers, and the region's…
Travel
Our view: Big pay increase right goal for casino union
The Press Of Atlantic City

Big pay increase right goal for casino union

This is a good time for union casino workers to be negotiating for a new multi-year contract. Their case for needing higher pay and for the ability of Atlantic City's nine casinos to provide it hasn't looked this strong for many years. Local 54 of the Unite Here union is by far the largest representative of city casino workers, and the region's…
Travel
Big pay increase right goal for casino union
The Nevada Independent

Indy Gaming: Nevada casino regulators call cryptocurrency a ‘complex’ topic

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Volatile pricing fluctuations that can…
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Indy Gaming: Nevada casino regulators call cryptocurrency a ‘complex’ topic
Market Research Telecast

Is Cryptocurrency Gambling Legal in the USA?

The USA is one of the biggest markets in the Gambling Industry, and the capital of gambling, i.e., Las Vegas, is also situated there. The increasing popularity of cryptocurrency attracted various casinos to trade with and boost them to go online. To survive in the competition, the online casinos in the USA decided to merge with cryptocurrency to…
Crypto
Is Cryptocurrency Gambling Legal in the USA?
Small Caps

Crown pushes the share market casino into action

Some say that share markets are just glorified casinos tacked on to the economy so it was probably appropriate that trade in a real-life casino dominated the Australian market on Friday. Investors in Crown Resorts (ASX: CWN) shares have been doing it tough recently as a welter of inquiries found serious wrongdoing on a fairly widespread scale so…
Travel
Crown pushes the share market casino into action
TWM

Lifestyle: Why Crypto And Online Casinos Go Hand In Hand

Why is Bitcoin gambling so popular in the world of digital gaming? There are some specific reasons why crypto gambling is taking off these days. Many of them have to do with the radical new design of cryptocurrencies, compared to the traditional structure of online dollar-based payments. Crypto is decidedly different. One of the easiest and most…
Crypto
Equities

Sciplay (SCPL) falls 2.16% for September 17

Sciplay Corp - Class A (NASDAQ: SCPL) shares fell 2.16%, or $0.43 per share, to close Friday at $19.50. After opening the day at $20.00, shares of Sciplay fluctuated between $20.32 and $19.45. 1030021 shares traded hands an increase from their 30 day average of 587978. Friday's activity brought Sciplay's market cap to $476659970. Sciplay is…
Bingo
The Motley Fool

Why Casino Stocks Have Jumped This Week

S&P Global Market Intelligence. Stocks with exposure to Macao like MGM Resorts (NYSE:MGM), Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) jumped as Macao eased some travel restrictions to the region. U.S. casino operators Penn National (NASDAQ:PENN), Caesars Entertainment (NASDAQ:CZR), and Boyd Gaming (NYSE:BYD) jumped on a combination…
Finance
Why Casino Stocks Have Jumped This Week
FX Street

Play the odds: Avoid gambling in rigged markets

Is America becoming a nation of gamblers? The lure of potential cash windfalls is driving rampant speculation in financial markets and record traffic to casinos. The commercial gaming industry generated a record $13.6 billion in revenues during the second quarter, according to the Las Vegas Review-Journal. Casinos in Las Vegas, Massachusetts,…
Crypto
Play the odds: Avoid gambling in rigged markets
The Street

Stock Market Today With Jim Cramer: Gambling vs. Investing

Jim Cramer says information is the difference between gambling on and investing in a stock. Stocks traded higher Friday after the U.S. economy added more jobs than expected in June and hourly wage increases were below forecasts, giving rise to the belief that the Federal Reserve won't be hiking interest rates anytime soon. The Labor Department said…
Jobs
Stock Market Today With Jim Cramer: Gambling vs. Investing
Forbes

Illegal Gambling Mocks The Economics Profession’s Fed Obsession

It's estimated that the net worth of the illegal gambling industry in the United States is $150 billion. Please think about this speculation. It has relevance beyond it revealing how pointless it is for politicians to try and legislate behavior, morality, or both. Just as rent controls don't make apartments cheap, neither do laws deter us from…
Law
Illegal Gambling Mocks The Economics Profession’s Fed Obsession
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