Month: April 2024
Pennsylvania Gaming Revenue Hits Monthly High as March Win Tops $554.6M
The state of the Pennsylvania gaming industry has never been better. Parx Casino remained the dominant brick-and-mortar casino in Pennsylvania in March with gross revenue of $52.8 million. The state gaming industry’s record monthly performance was driven online where iGaming revenue exceeded $191 million. (Image: YouTube) The Pennsylvania Gaming Control Board (PGCB) unveiled March revenue…
Read MoreVirginia Skill Gaming Bill Headed for Veto After Senate Rejects Younkin’s Changes
The Virginia skill gaming bill passed by the General Assembly only to be returned by Gov. Glenn Youngkin (R) with a myriad of changes was quickly rejected by the state Senate on Wednesday. Virginia skill gaming machines are seen inside a Norfolk restaurant. Skill games are likely to remain illegal after the state Senate rejected…
Read MoreJACK Entertainment Executive Says iGaming in Ohio Would Devastate Casinos
A top executive at JACK Entertainment, the Ohio-based gaming operator that owns two gaming properties in the Cleveland metropolitan area, says online casinos would push brick-and-mortar casinos into bankruptcy not unlike online shopping did with retail malls. Executives with JACK Entertainment, which owns and runs JACK Cleveland Casino, are opposed to Ohio lawmakers considering iGaming…
Read MorePennsylvania Casino Smoking Bill Continues to Linger in State Capitol
Legislation in Pennsylvania that seeks to close the indoor smoking loophole afforded to casinos and certain other businesses passed a House committee last November. Five months later, the measure still hasn’t been acted on by the full House of Representatives. Efforts to extinguish casino smoking in Pennsylvania continue to drag slowly in the Harrisburg State…
Read MoreInspired Entertainment Could Be Inspired Rebound Story, Says Analyst
Hampered by a regulatory probe into its 2023 earnings restatements, Inspired Entertainment (NASDAQ: INSE) has seen its shares decline 21.7% over the past year, but at least one analyst sees opportunity with the supplier of video gaming terminals (VGT) and software. The Inspired Entertainment corporate logo. Truist Securities believes the stock can rally. (Image: PR…
Read MoreGames Global Looking to Raise $100 Million in US IPO
Games Global, a developer of casino games for the iGaming industry, filed plans on Tuesday for a $100 million US initial public offering (IPO). The Games Global corporate logo. The company filed plans for a $100 million US IPO. (Image: Games Global) The Isle of Man-based company commenced operations in 2021 and is expected to…
Read MorePennsylvania iGaming Participation Grows, but So Do Responsible Play Challenges
A new study of the online gambling market in Pennsylvania finds that participation grew by 5% last year to 16%. It marked the first annual participation increase in the three years of the comprehensive review. A study from Penn State University concludes that more players gambled online last year via online casino apps like Parx…
Read MoreVirginia Skill Gaming Proponents, Small Businesses Bash Governor’s Amendments
Skill gaming proponents in Virginia say Gov. Glenn Youngkin’s (R) amendments to legislation passed by the General Assembly that seeks to allow certain businesses to house the machines goes too far. Susan Matthews, owner of Sportsman Restaurant & Lounge in Henrico, fears permanently losing skill games. Gov. Glenn Youngkin is seeking to restrict where the…
Read MoreCordish Unveils Revamped $1.4B Mixed-Use Development and Casino for Petersburg
The Cordish Companies on Monday unveiled details of its revamped pitch for a $1.4 billion mixed-use development featuring an integrated resort casino for Virginia’s Petersburg. A rendering of Live! Casino & Hotel Virginia in Petersburg. The Cordish Companies project includes a significant minority ownership component. (Image: The Cordish Companies) Cordish, the operator of Live! casinos…
Read MoreDelaware Online Sports Betting Market Could Expand With Additional Operators
Legislation introduced in Delaware seeks to expand the First State’s online sports betting market from a sole operator. Delaware lawmakers have proposed welcoming in additional online sportsbook companies. Currently, Chicago-based Rush Street Gaming’s iGaming platform BetRivers maintains a monopoly on both online casino gaming and online sports betting in the First State. (Image: Bally’s Dover…
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