Industry Updates

A prominent disconnect between how regulated sports betting and online gambling is viewed in the US versus current perceptions in Europe emerged during the lockdown period.

It’s only Tuesday, and Responsible Gaming Education Week (RGEW) 2020 continues to deliver. Yesterday it was the American Gaming Association’s announcement of its revised advertising code of conduct, and today it’s GeoComply’s PlayPause.

In early September 2020, offshore sportsbook 5Dimes announced it was leaving the US sports betting market and hinted at making a return as a licensed operator.

There’s a new entry into the legal US online casino market PlayLive!. The PlayLive! brand will make its debut in the Pennsylvania market, courtesy of the Cordish Gaming Group, a division of The Cordish Companies.

If you tuned into the live stream of yesterday’s Senate Judiciary Committee hearing dubbed, “Protecting the Integrity of College Athletics,” hoping for rational discussion on sports betting policy, you were probably disappointed.

Famously, at the height of the euro crisis in the summer of 2012, then head of the European Central Bank Mario Draghi issued a clarion call to the world’s investment community: The bank would do “whatever it takes” to ensure the stability of the single currency.

States are scrambling to plug budget holes caused by the novel Coronavirus shutdowns. One revenue opportunity is gambling expansion, which was already a hot topic in state legislatures before COVID-19. But gambling policy isn’t something states should rush into.

The big news in the legal US online gambling market this morning is Golden Nugget is slated to join DraftKings as a publicly traded US online gambling company.

When the World Series of Poker kicks off in July, it will be quite different than any of the previous incarnations of the storied WSOP tournament series. Because of the novel Coronavirus, the entire series is taking place online.

The expectation is Coronavirus’s shutdown of the US casino industry will hasten the spread of online gambling across the country.