Tag: betting news

  • Codere Announces Major Restructuring to Slash Debt by 92%

    Codere Announces Major Restructuring to Slash Debt by 92%

    Codere, the Spanish gaming giant and parent company of Codere Online Luxembourg (NASDAQ: CDRO), announced its fifth restructuring agreement on Thursday, aiming to eliminate 92% of its debt. Under the new agreement with creditors, Codere’s debt will be reduced from $1.72 billion to $138 million. Control of the company will shift to investors holding Codere’s…

  • Vacant Building in Las Vegas Catches Fire, Smoke Visible Near The Strat Casino

    Vacant Building in Las Vegas Catches Fire, Smoke Visible Near The Strat Casino

    On Wednesday, the former M&M Soul Food Café was engulfed in flames, sending plumes of smoke billowing around the north end of the Las Vegas Strip. Las Vegas firefighters were initially alerted at 12:51 p.m. about heavy smoke emanating from the roof of the vacant building. Firefighters arrived at the scene within four minutes, and…

  • Chicago Mayor Expresses Uncertainty Over Bally’s Permanent Casino Project

    Chicago Mayor Expresses Uncertainty Over Bally’s Permanent Casino Project

    Bally’s Corporation (NYSE: BALY) recently reported impressive revenue from its temporary casino in Chicago and plans to begin construction on its permanent venue at the Freedom Center in the River West area next month. However, Mayor Brandon Johnson (D) cautions that the completion of this project is not guaranteed. In a recent interview with the…

  • Trump Promises to Eliminate Taxes on Casino Tips at Vegas Rally

    Trump Promises to Eliminate Taxes on Casino Tips at Vegas Rally

    At a scorching Las Vegas campaign rally on Sunday, Donald Trump proposed eliminating IRS taxes on tips. “When I take office, we will abolish taxes on tips,” Trump declared to thousands of supporters gathered at Sunset Park, where temperatures soared to 103°F. “This will be one of my first actions in office,” he continued. Trump’s…

  • Thailand Accelerates Casino Legislation Amid US Operator Concerns

    Thailand Accelerates Casino Legislation Amid US Operator Concerns

    Thai Prime Minister Srettha Thavisin is urging policymakers and the Ministry of Finance to fast-track the casino regulatory process, aiming for swift approval of gaming venues. However, some analysts worry that the country’s regulatory framework may deter major US operators. Racing Against Japan in Casino Development Thavisin’s push for expedited legislation is driven by the…

  • Jackpot.com Partners with Associated Press as Official Lottery Courier

    Jackpot.com Partners with Associated Press as Official Lottery Courier

    Jackpot.com has announced its new role as the Official Lottery Courier for the Associated Press (AP), the renowned global news organization established in 1846. In its effort to broaden its reach and attract new customer demographics, Jackpot.com’s partnership with AP will feature lottery results on the news organization’s website in states where Jackpot.com is operational.…

  • No Low-Temp Records Broken in Las Vegas for 25 Years

    No Low-Temp Records Broken in Las Vegas for 25 Years

    On this day twenty-five years ago, Las Vegas set a record for the lowest temperature recorded on June 4th, with a chilly 50° Fahrenheit. This broke the previous record of 54° set in 1951. Surprisingly, since that day in 1999, Las Vegas has not set any new daily low-temperature records. The last low-temperature record was…

  • New Jersey and New York: Hotbeds of Black Market Sports Betting

    New Jersey and New York: Hotbeds of Black Market Sports Betting

    Despite the legalization of sports betting in 38 states and Washington, DC since the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA), black market betting remains a significant issue in certain states. According to recent data from the Campaign for Fairer Gambling (CFG), New Jersey and New York continue to…

  • Stake.com Founders Increase Investment in PointsBet

    Stake.com Founders Increase Investment in PointsBet

    The founders of the cryptocurrency casino Stake.com are expanding their investment in PointsBet (OTC: PBTHF). Australian billionaire entrepreneurs Ed Craven and Bijan Tehrani, who co-founded Stake.com, informed the Australia Securities Exchange (ASX) last Friday that they have increased their holdings in PointsBet to 16 million shares, surpassing 5% of the bookmaker’s outstanding shares. This marks…

  • F1 Vows to Improve Las Vegas Experience in 2024

    F1 Vows to Improve Las Vegas Experience in 2024

    Facing significant backlash from locals due to disruptions caused by last year’s inaugural Las Vegas Grand Prix, F1 has committed to more efficient race preparations for its second event. A petition urging Clark County to deny F1 a special use permit to close streets for the race “until a fair and undisruptive plan can be…