Day: October 7, 2024
Penn Entertainment Lifts Guidance for Interactive Unit
Penn Entertainment (NASDAQ: PENN) told investors Monday that its interactive unit, which includes ESPN Bet, will post a lower-than-expected third-quarter loss. The ESPN Bet logo. Penn Entertainment reduced the expected third-quarter loss for its interactive business. (Image: ESPN Bet) In a Form 8-K filing with the Securities and Exchange Commission (SEC), the regional casino operator…
Read MoreMassachusetts Sheriff Drove Cop Car to MGM Springfield Drunk, Missing Tire
A Hampden County, Mass. sheriff arrested at the MGM Springfield last month drove to the casino drunk in a police SUV with a missing tire, The Boston Globe reports. Hampden County Sheriff Nick Cocchi, above, had slurred speech and his eyes were “bloodshot and glassy” when he was quizzed by state police, according to his…
Read MoreCasino Crime Roundup: Florida Cops Seize 146 Gambling Machines, $195K in Cash
Recent raids of four illicit gaming operations by Florida authorities led to numerous arrests and the confiscation of 146 slot machines, as well as $194,770. Brevard County Sheriff Wayne Ivey, pictured above. His office took part in gambling raids. (Image: Florida Sheriffs Association) The Brevard County businesses were shut down last week following the court-ordered…
Read MoreIRS Cracks Down on $13B in Unreported Gambling Winnings
After an audit revealed that Uncle Sam may have let more than $1 billion in income tax on recent casino jackpots go uncollected, the IRS is cracking down on the oversight. And one of Las Vegas’ most recognizable casino gamblers finds himself in the crackdown’s crosshairs. The IRS form W-2G is issued for every slot…
Read MoreThe Best Stag & Hen Destinations in Europe
VegasSlotsOnline has carried out research across Europe and the UK to reveal the very best stag and hen do destinations. With around 226,000 people in the UK tying the knot each year according to Statista, stag and hen dos have become a key part of pre-wedding festivities. From celebrating in a vibrant sunny city to…
Read MoreBrazil President Threatens to Ban Sports Betting as Poor Gamble $550m in Financial Aid
Gambling with government funds President Luiz Inacio Lula da Silva has threatened to pull the plug on Brazil’s new online sports betting market after it emerged the country’s poorest citizens are using government financial aid to bankroll their gambling. Lula made the threat to reporters Sunday while in Sao Paulo to cast his vote for…
Read MoreSecond Edition of Irish Poker Festival to Take Place October 29
Pulling off the impossible Fintan Gavin’s ambition to bring higher stakes live tournaments back to Ireland was never more evident than when he announced the inaugural Irish Poker Festival last year, with a €700,000 ($768,261) guarantee on the €3,000 ($3,293) buyin Main Event, and a total of €1m ($1.09m) in total guarantees across the festival.…
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