The president of the Rio de Janeiro State Lottery (Loterj), Hazenclever Lopes Cançado, has raised sharp concerns about the latest restrictions on state lottery operators in Brazil. He argues that the Supreme Federal Court’s (STF) decision to ban nationwide operations for Loterj licensees not only harms legal businesses but also fuels "unfair competition" from offshore…
Missouri’s sports betting scene is taking shape, albeit slower than some may have anticipated. With Amendment 2 mandating operational sports wagering by December 2025, Missouri voters set the ball rolling in November. However, according to Missouri Gaming Commission Chair Jan Zimmerman, the first bets might happen much sooner—potentially as early as this summer.
Zimmerman, speaking on…
Hard Rock Casino Rockford has solidified its standing in the Illinois gaming landscape with a significant leap in revenue following its move to a permanent location. The casino's earnings for 2024 have soared, crossing the $100 million mark — a remarkable improvement from its 2023 total of just over $69 million, achieved while operating out…
A new bill in Virginia’s House of Delegates is stirring controversy, proposing the creation of a commission to manage and distribute tax revenue generated by a proposed casino in Petersburg. While proponents see the legislation as a step towards equitable regional development, local officials in Petersburg have expressed concern over potential financial impacts on the…
Sports betting operators in New York ended 2024 with a mixed bag of results. December saw a 6.6% hold on wagers—a figure that significantly affected revenue. Despite a 12% increase in money wagered compared to December 2023, total winnings fell by 20%, leaving operators with slimmer margins to celebrate.
New York’s Overall Sports Betting Performance
The…
Deutsche Bank has issued its 2025 outlook for Gaming and Leisure Properties Inc. (GLPI) and VICI Properties, assigning GLPI a "Buy" rating with a price target of $54 and VICI a "Hold" with a $31 price target. Analyst Carlo Santarelli’s insights shed light on the reasoning behind these ratings, citing market dynamics and growth opportunities…
The Las Vegas Strip is expected to report its sixth consecutive month of year-over-year gaming revenue declines when December's figures are released later this month. However, analysts remain optimistic about the Strip's future, especially as 2025 approaches with promising growth projections.
A Tough Year for the Strip’s Revenue
The Strip’s gaming revenue for November 2024 reached…
The debate over federal oversight in the booming online gambling and sports betting industries has moved beyond whispers, as a Senate Judiciary Committee hearing on the topic signaled potential regulatory shifts. Richard Schuetz, CEO of American Bettors’ Voice and a veteran of the gambling industry, recently outlined his views on what may come next.
Regulatory Oversight:…
The U.S. Department of the Interior gave the green light to the Coquille Indian Tribe’s long-planned casino project in Medford, Oregon, marking the end of a 13-year approval process. This final decision, issued on January 10, clears the path for the tribe to proceed with their plans, despite ongoing opposition from other tribes and political…
The Asian Poker Tour (APT) has unveiled its ambitious 2025 season schedule, setting the stage for a year packed with excitement, innovation, and record-breaking tournaments. The tour begins with the APT Manila Classic in February, followed by stops across Asia, and ends with the groundbreaking $5 million guaranteed APT Championship (APTC) in November.
$5 Million APT…