The passing of Sheldon Adelson is reverberating around the globe. One of the most polarizing political figures in recent memory, Adelson is both revered and reviled. Within his own highly competitive industry it was more of the latter, and amongst online gambling advocates, the casino magnate was bête noire. Over the years, I’ve personally devoted…
Sheldon Adelson has been a thorn in the side of US online gambling efforts since he publicly voiced his opposition to it in an infamous Forbes article from November 2013. His motives have often been questioned, but two things were always inevitable:
Scott’s Take: Taking advantage of the opportunities afforded by the expansion of sports betting and online gambling in the USA is dependent on one key factor – market access. As was shown in mid-December by the deal announced by Penn National to buy back the Hollywood Casino Perryville in Maryland, having automatic access to a…
Bitcoin has been the domain of illegal offshore sportsbooks and gambling sites for quite some time now in a post-UIGEA world, but a patent recently acquired by International Game Technology (IGT) has brought cryptocurrency one step closer to mainstream adoption in the regulated gambling market.
2021 is starting right where 2020 left off, as MGM has made an offer to acquire Entain (formerly GVC). If accepted, the $11 billion offer would result in another mega-merger in the gambling industry. In mid-December, the recently renamed Entain announced a “global alliance” with Verizon Media, which would see the two “develop new opportunities…
This post lays out the team at Betting USA’s 21 best predictions for the gambling world in 2021. Each prediction was revisited at the end of 2021 to see what we got right, and what we got wrong. The following predictions are divided into sets of seven, the first focuses on US sports betting, while…
The gambling industry is still in the get-to-know-you phase of its relationship with Barstool Sports, and it should pay close attention to the Barstool Fund, which is the industry’s first look at what the company can do when it puts its collective to mind to something.
A few months ago, we reported on the launch of a new responsible gaming tool, PlayPause, by the non-profit group Conscious Gaming. The GeoComply-powered technology allows gamblers to self-exclude through one single action across multiple jurisdictions.
Search engine giant Google is allowing YouTube users in the United States to opt-out of ads for gambling and alcohol. Google Ads and non-US YouTube users will gain this option in early 2021. YouTube users can still expect to run into contextual ads related to alcohol and gambling, based on the sites they visit.
Another level of resonance to the apparent symbiosis between day trading and sports betting was added after financial regulators in Massachusetts alleged that Robinhood failed to protect novice investors. The 23-page complaint from the office of Secretary of the Commonwealth William Galvin claimed the popular day-trading app allowed investors to take “unnecessary risks.”
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