Over a thousand spectators braved the rain to witness the bittersweet conclusion of Freehold Raceway, the nation's oldest harness track. After 170 years of thrilling races and cherished traditions, the iconic venue in central New Jersey has officially closed its doors.
"It's like a sad ending to something, like losing a loved one almost," said one…
The Mashpee Wampanoag Tribe is set to make waves in East Taunton with the construction of a new welcome center on their designated reservation land. Alongside showcasing native artifacts and cultural history, the center will feature an unexpected element: gaming machines.
Taunton Mayor Shaunna O’Connell confirmed the inclusion of these machines in a recent letter to…
DraftKings has settled its legal dispute with a former executive accused of taking trade secrets before joining rival sports betting company Fanatics. This high-profile legal saga has drawn attention to the challenges of non-compete agreements and employee mobility in a competitive industry.
Confidential Settlement Ends a Heated Legal Dispute
On Monday, attorneys for DraftKings, Michael Hermalyn,…
After a subdued year for gaming real estate investment trusts (REITs), Deutsche Bank analysts are predicting a rebound in transactional activity for 2025. The potential uptick hinges largely on shifts in the economic and interest-rate landscape, with recessionary pressures and a cooling interest-rate environment potentially fuelling new deals.
Interest Rates Could Spark Transaction Activity
Deutsche Bank’s…
Caesars Entertainment is facing an adjusted fourth-quarter outlook after a less-than-stellar performance on the Las Vegas Strip, primarily driven by the underwhelming turnout for the Las Vegas Grand Prix in November 2023. J.P. Morgan analyst Joseph Greff announced the revisions in a January 2 investor note, marking a slight decline in expectations for Caesars’ financial…
MGM Resorts is raising fees across its properties in 2025, looking for ways to drive additional revenue amid a changing landscape. Deutsche Bank’s recent note to investors sheds light on how the company plans to navigate a challenging first quarter and strengthen its financial performance over the coming year.
As part of its strategy, MGM Resorts…
Several Native American tribes in California have filed a lawsuit against numerous card rooms across the state, alleging that these establishments are operating illegal gambling games that infringe upon the tribes' exclusive rights.
Tribes Claim Exclusive Rights to Certain Casino Games
The lawsuit, initiated by seven tribes including the Agua Caliente Band of Cahuilla Indians and…
The Floki DAO has unanimously voted to allocate liquidity for the creation of a Floki Exchange-Traded Product (ETP), setting a historic precedent for the governance body. The move, announced on 27 December, received no opposition—an extraordinary achievement that underscores the community's enthusiastic backing for expanding Floki’s influence in traditional financial markets.
This groundbreaking decision will channel…
The highly anticipated merger between Inside Asian Gaming (IAG) and CDC Gaming is now official, marking the beginning of a transformative chapter for the global gaming media industry. Announced in October 2024, the union became official as of 1 January 2025, establishing Complete Media Group (CMG) as the new corporate parent.
The merger brings together two…
November 2024 saw online gambling revenues surge across the six U.S. states where it is legal, with the total haul reaching a staggering $714.4 million. This represents a significant jump from $586.5 million during the same period last year. Let’s break down how the igaming sector performed in Michigan, New Jersey, Pennsylvania, and beyond.
Michigan Leads…