Category: Internet gaming
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 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 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 MoreUkraine Soldiers ‘Pawning Drones and Thermal Imagers’ to Gamble, Commander Says
Online gambling is apparently so rife among Ukrainian troops it’s prompted one unit commander to petition the country’s president, Volodymyr Zelensky, to impose restrictions. Many Ukrainian soldiers are turning to online gambling to cope with the stress of war, according to one unit commander who has asked President Zelensky to crack down on the industry.…
Read MoreMaine Tribal Online Casino Bill Suffers Narrow Defeat in House
A bill that would have legalized online gaming in Maine and handed a monopoly to the state’s four Wabanaki tribes has run aground in the House. The legislation was narrowly defeated Tuesday by a vote of 74-71, The Portland Press Herald reports. State Rep. David Boyer, above, said he couldn’t support the bill in its current…
Read MoreWirecard Fugitive Jan Marsalek was Russian Spymaster in Europe, Says British Intelligence
Fugitive former Wirecard COO Jan Marsalek was a Russian spymaster who coordinated espionage operations across Europe, according to allegations by British intelligence that have just recently come to light. Jan Marsalek, pictured in Red Square, Moscow, before his 2020 escape to Russia days after Wirecard’s collapse. He is currently one of the world’s most wanted…
Read MoreDraftKings Leads Bank Sports Betting Survey, ESPN Bet Surprises
A recent survey on consumers’ iGaming and online sports betting habits conducted by Truist Securities indicates users have a preference for DraftKings (NASDAQ: DKNG). A DraftKings billboard appears at Times Square in New York City. A survey reveals the gaming company is preferred by sports bettors and internet casino users. (Image: NASDAQ) DraftKings and Flutter…
Read MoreUK’s 888 is Rebranding Itself as ‘Evoke’ – Analysis
UK online gambling giant 888 is changing its name to “Evoke.” CEO Per Widerström said Tuesday. The renaming was “the beginning of an exciting new dawn” for the company, which has lately been beset by management upheaval and regulatory investigations, and has opted to pull out of American markets. 888’s proposed new name “Evoke” sounds…
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