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Alaska Native Corporations to Receive Coronavirus Indian Relief

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24 April

Alaska Native Corporations to Receive Coronavirus Indian Relief

By Liev Jackson Blog • No Comments

Alaska Native Corporations (ANC), for-profit enterprises that are owned by Native Americans, will receive coronavirus stimulus money designated for sovereign Indian tribes. Alaska Native Corporations, like the Arctic Slope Regional…

24 April

DraftKings Is Going Public, but With Concerns About Corporate Structure

By Liev Jackson Blog • No Comments

On Thursday, Diamond Eagle Acquisition Corp. (NASDAQ:DEAC) investors overwhelmingly voted in favor of a previously announced reverse merger with DraftKings and SBTech. That sets the stage for the combined entity…

24 April

Sweden Mandates Strict Limits for Online Gambling During Pandemic

By Liev Jackson Blog • No Comments

The Swedish government is introducing limits on how much bettors are allowed to spend at online casinos, and plans to keep those restrictions in place for the remainder of the…

23 April

MGM Is One of the Most Volatile S&P 500 Stocks This Year

By Liev Jackson Blog • No Comments

Like every other name in the gaming industry, MGM Resorts International (NYSE:MGM) stock is being punished as the coronavirus forced the closure of all domestic casinos. But there’s more to…

23 April

Americans Have Travel Itch Amid Continued Lockdowns: Good News for US Casinos

By Liev Jackson Blog • No Comments

Travel has become basically nonexistent in the United States over the past two months, resulting in nearly one in two Americans saying they’re itching to get out of their house…

23 April

Virginia Casino and Sports Betting Amendments Approved, Five Towns Face Referendums

By Liev Jackson Blog • No Comments

The Virginia casino amendments made by Governor Ralph Northam (D) have been approved by the General Assembly, potentially clearing the way for five gaming resorts in the Old Dominion State….

23 April

COVID-19 Is ‘Immediate Threat’ to Tribes Following Casino Shutdowns

By Liev Jackson Blog • No Comments

US tribes urgently need financial help from the federal government after casinos and other money-making operations were abruptly shuttered by the coronavirus outbreak, according to a Harvard University study. Tribal…

23 April

Las Vegas Sands Q1 Earnings Were Rough, not as bad as Expected

By Liev Jackson Blog • No Comments

Las Vegas Sands (NYSE:LVS) surged more than eight percent in Wednesday’s after-hours session after the company posted break even first-quarter results on the basis of generally accepted accounting principles (GAAP)….

23 April

DraftKings and FanDuel ‘Knowingly Misled Millions,’ Claims Lawsuit

By Liev Jackson Blog • No Comments

DraftKings and FanDuel should be held liable to reimburse customers who lost money playing daily fantasy sports contests because the two companies encouraged casual players to lose to profitable players….

23 April

Atlantic City Casino Workers Wait Hours for Food, Hope To Be Rehired

By Liev Jackson Blog • No Comments

An estimated 1,500 laid-off casino employees waited in a two-mile-long line of vehicles in New Jersey Wednesday to receive free food so their families do not go hungry, news reports…

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