Silvia Pavlof
Articles
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1 week ago |
gamblingnews.com | Silvia Pavlof
Lawmakers in New York are cracking down on online sweepstakes-style gambling, as a new bill gains traction in the state assembly. Assembly Bill 6745 led by Assemblymember Carrie Woerner, got full backing from the Assembly Racing and Wagering Committee last week. This marks a big move to ban digital platforms that copy traditional casino experiences using virtual currencies.
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1 week ago |
gamblingnews.com | Silvia Pavlof
Even with growing concerns about a worldwide economic slump caused by new trade taxes, top US casino and gaming executives have shown faith in their businesses’ ability to weather the storm. During recent profit talks, heads of companies like Caesars Entertainment, MGM Resorts, and Rush Street Interactive pointed out that their financial numbers for the first three months stayed strong, and in some areas even got better, when compared to the same time last year.
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1 week ago |
gamblingnews.com | Silvia Pavlof
Fanatics Sportsbook experienced a big technical problem this week that stopped sports bettors in New York and other locations from getting into their accounts, making bets, or taking out money. This made customers angry and led to guesses about what caused it. Fanatics says a cut fiber optic cable caused the issue, which has messed up the company’s work during an important time for online betting. The outage started on Wednesday afternoon.
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1 week ago |
gamblingnews.com | Silvia Pavlof
Rush Street Interactive (RSI) has kicked off 2025 well, showing great financial results for the first quarter with big revenue increases, better profits, and more users getting involved in the main markets. The Chicago-based online gaming and sportsbook operator saw its revenue climb to $262.4 million in Q1 2025, a 21% jump from the previous year. This growth follows the company’s $217.4 million earnings in the same quarter last year.
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2 weeks ago |
gamblingnews.com | Silvia Pavlof
MGM Resorts International released a mixed bag of financial results for 2025’s first quarter. The company’s digital ventures and Las Vegas Strip slot operations stood out as top performers. However, the company’s total revenue fell by 2% compared to the same period last year. The casino and hospitality giant reported $4.3 billion in consolidated revenue, a drop from the same period last year.
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