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White House reportedly organizing meeting with crypto and prediction market executives this week

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17 August

White House reportedly organizing meeting with crypto and prediction market executives this week

By Liev Jackson Blog • No Comments

The White House will host crypto and prediction market executives on Wednesday, August 19, according to sources familiar with the event. The gathering might also include traditional finance executives, although…

17 August

Advancement in construction of Oklahoma’s Rock & Brews Casino brings new entertainment center and RV park

By Liev Jackson Blog • No Comments

Rock & Brews Casino in northern Oklahoma is moving forward with a significant expansion project that includes a 25,000 sq. ft. entertainment center and a 21-space, full-service RV park, with…

17 August

Baltimore files lawsuit against Kalshi and Polymarket for unauthorized sports betting operations

By Liev Jackson Blog • No Comments

Baltimore Mayor Brandon M. Scott and the City Council filed individual lawsuits on Thursday against prediction market operators Kalshi and Polymarket, asserting that both platforms are operating as unlicensed sportsbooks…

17 August

Renovation of Seneca Niagara Underway with $47M Investment

By Liev Jackson Blog • No Comments

Seneca Niagara Resort & Casino, overlooking Niagara Falls in Upstate New York, has announced a significant renovation project. Seneca Resorts & Casinos will invest $47 million at Seneca Niagara to…

17 August

Bally’s Reports 20.5% Revenue Increase in Q2 Despite $4.5B Debt and Worries over Chicago Casino

By Liev Jackson Blog • No Comments

Bally’s Corporation has reported a 20.5% increase in second-quarter revenue to $792.2 million, but is facing significant challenges with high debt levels and financing requirements that are raising concerns about…

17 August

Internet Gambling and Adult Entertainment Leading to Sadness Among Young Men, According to Marriage Research Group

By Liev Jackson Blog • No Comments

Gambling is becoming a growing cause of mental distress in young men, often triggering feelings of dejection similar to those experienced with pornography consumption. A study found that betting results…

17 August

Atlantic City casinos experience strongest July performance since 2012 with a 7.1% revenue increase to $304.2M

By Liev Jackson Blog • No Comments

Atlantic City’s nine casinos generated $304.2 million in in-person casino revenue in July, up 7.1% from a year earlier and marking their strongest July performance since 2012, according to New…

17 August

UFC Plans to Grow Las Vegas Base and Incorporate WWE

By Liev Jackson Blog • No Comments

UFC is getting ready for a significant expansion of its Las Vegas campus, with WWE included in the evolving plan. About 35 acres remain undeveloped at UFC’s Las Vegas headquarters,…

17 August

Bally’s In Search of Financing, Considering Selling Las Vegas Casino Site to Raise Funds

By Liev Jackson Blog • No Comments

Bally’s may need to explore asset sales or equity sales to raise the necessary financing to meet its obligations to various creditors. Bally’s Atlantic City. The company may need to…

17 August

DraftKings Issuing $600M in Debt to Buy Back Convertible Bonds

By Liev Jackson Blog • No Comments

DraftKings (NASDAQ: DKNG) has announced syndication for a planned $600 million senior secured term loan B credit facility, with the intention of using the proceeds to repurchase convertible bonds. DraftKings…

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