Fiona Simmons

6 days ago | gamblingnews.com | Fiona Simmons

Many pious people consider gambling to be a sin. Considering this, the election of Cardinal Robert Prevost as the new Pope, which resulted in countless lost bets, could perhaps be considered one of his first victories. In an unexpected turn of events, the Chicago-born Cardinal Robert Prevost was named as the new Pope, becoming the spiritual leader of some 1.4 billion Catholics all over the world.

1 week ago | gamblingnews.com | Fiona Simmons

Churchill Downs Incorporated (CDI) announced Sovereignty as the winner of the 151st running of the Kentucky Derby. In addition to that, the company noted that this year, a record-breaking $394 million has been wagered on the event. In its official announcement, CDI confirmed that Sovereignty has claimed the Garland of Roses at the latest Kentucky Derby.

1 week ago | gamblingnews.com | Fiona Simmons

The NCAA has disciplined five former Iowa State football staffers who violated its strict rules on insider betting. The violators in this case wagered thousands of dollars despite the organization’s prohibition. Last week, ex-Iowa State football staff members Chase Clark, Jace Heacock, Kyle Highlands, Mason Williams, and Michael Dryer admitted to having knowingly violated the NCAA’s sports betting codes by placing many wagers on multiple games, including ones involving the Iowa State Cyclones.

1 week ago | gamblingnews.com | Fiona Simmons

As multiple US markets continue to fend off the controversial sweepstakes sector, Montana prepares to take decisive steps and ban the vertical. If it does, it will become the first state to actually do so, potentially sparking stronger pushback against social casinos. SB 555 was introduced by Senator Vince Ricci earlier this year. The measure seeks to amend the definition of online gambling in order to tackle gray market operators, unlicensed online casinos, and crypto operators.

1 week ago | gamblingnews.com | Fiona Simmons

MGM Resorts International announced that it has increased its projected investment in its integrated resort in Osaka, Japan, by 20%. The company remained unfazed by this decision, remaining very optimistic about the property’s potential performance. According to MGM’s announcement, which was made during its recent earnings call, the company has increased its investment from $2.5 billion to $3 billion shortly after finalizing certain contracts with its partners.