Las Vegas Gaming Companies Represented on Annual List of Most Overpaid CEOsBy: Grant Mitchell
Members of Penn Entertainment, Las Vegas Sands, Caesars, and Wynn were all named four of the most overpaid members of the gaming industry. Penn Entertainment CEO Jay A. Snowden had the highest ranking of the bunch (third) and was paid just under $66 million, compared to average employee salaries of $33,930.
Georgia Policymakers Look to Legalize Sports Betting Without Usual VoteBy: Grant Mitchell
State constitutional amendments require the aforementioned two-thirds vote. However, the officials in question are pushing bills in both chambers of congress that would create a legal sports betting market by statute. This only requires a majority vote instead of the full two-thirds support.
Drake Drops $1 Million on Chiefs to Win Super Bowl, Kelce MVP, and MoreBy: Grant Mitchell
In a post shared on his Instagram, he revealed his “psychotic” bets that could win a total of over $4.5 million. Among his many bets, he is riding with Patrick Mahomes and the Kansas City Chiefs to defeat the Philadelphia Eagles and secure their second Super Bowl in four years.
Super Bowl LVII Betting Expected to Produce Another Record Betting HandleBy: Grant Mitchell
The Kansas City Chiefs and Philadelphia Eagles head into what should be an ultra-competitive Super Bowl LVII as the top seeds from their respective conferences. More importantly—for sportsbooks, at least—Philadelphia’s home state of Pennsylvania has legal sports betting, while nearby Kansas also accepts legal wagers.
Massachusetts Regulators Reviewing Casinos’ Sports Betting Catalog ComplianceBy: Grant Mitchell
The full details are not immediately available, but Massachusetts Gaming Commission (MGC) agenda item says they are being investigated for “compliance with the Approved Massachusetts Sports Wagering Catalog.” It is unknown what the repercussions, if they are any, could be.
The Super Bowl “Script” Sees Shortened Odds for a 37-34 Eagles Win Over the ChiefsBy: Grant Mitchell
Joked that the league had a script on how the season would play out before it even began. A now-suspended Twitter account posted a picture of the supposed script, which said that the Philadelphia Eagles would beat the Kansas City Chiefs 37-34.
Los Angeles Rams Running Back Wins Over $500k Playing Poker in Las VegasBy: Grant Mitchell
Ronnie Rivers, 24, won $514,837 playing three-card poker while in town to celebrate his and his mother’s birthday. Local television station KTNV reported that Rivers produced a royal flush between his three cards and the dealer's three cards to secure the “Mega Progressive Jackpot.”
New York Governor Will Use Casino Tax Revenue to Help Transportation CrisisBy: Grant Mitchell
Hochul shared her intent Wednesday during the reveal of a 2024 budget plan. The MTA, which includes the state subway and bus transits, is down roughly 40% on pre-pandemic levels, and could receive an extra $1.3 billion in attention.
Massachusetts Sports Betting Finally Launches in Three Local CasinosBy: Grant Mitchell
Plainridge Park Casino, MGM Springfield and Encore Boston Harbor helped launch the new legal sports betting market after being previously approved as operators. Massachusetts is now the 33rd state with a legal and live sports betting ecosystem.
GeoComply Seeks Injunction Against Competitor XPoint Over Alleged IP BreachBy: Grant Mitchell
XPoint services is being accused of also using geolocation services to supply data to gaming entities. GeoComply first raised the issue with its smaller competitor four months ago and submitted its latest request last Friday.
- Sports Betting