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With tourists returning, gaming revenue in New Orleans increased by 2.2 percent from April to May, according to a recent report. Flags flutter outside the land-based Harrah’s casino in New Orleans. The casinos in the New Orleans area led the state in gaming wins during May. (Image: The Advocate) New Orleans performed better than the rest of the state during May, according to nola.com. Casinos in the New Orleans area won $56.3 million in May, up from $55.1 million in April. The New Orleans-area properties include three riverboat casinos, one land-based casino in the city, and one racino. Even though there was a small increase, New Orleans is still dealing with …

If state data is any indication, DraftKings (NASDAQ:DKNG) is poised to top second-quarter revenue estimates. That’s the view of Loop Capital analyst Daniel Adam. A staffer works on a laptop at DraftKings’ Boston headquarters. An analyst says the company will beat Q2 revenue estimates. (Image: Boston Globe) In a note out earlier this week, Adam evaluated data from states that DraftKings is live in that recently reported monthly gross gaming revenue (GGR) and adjusted gaming (AGR). He pointed out that the sportsbook operator is trending toward a beat of revenue estimates for the April through June period. In other words, based on the latest monthly GGR and AGR data releases, …

The Ohio Senate late Thursday night passed a gaming bill that would legalize sports betting and e-bingo. This is the second time in the last eight days lawmakers in that chamber passed such a measure. Ohio Senate Majority Floor Leader Kirk Schuring (R) introduces an amendment that inserts sports betting language to a House bill during a Senate session Thursday night. (Image: The Ohio Channel) On Thursday, the Senate voted unanimously to amend House Bill 29, which establishes an identification card for veterans, and tacked on a modified version of Senate Bill 176. Senate Majority Floor Leader Kirk Schuring (R-Canton) noted that the bill passed by a 30-2 margin last …

Another day, another deal gets inked between a sports media company and a gaming firm. The owner of Sports Illustrated announced Wednesday that Gibraltar-based 888 Holdings fetched exclusive rights to use the iconic sports magazine’s name for sportsbook and iGaming operations in the US. Later this year, the first SI Sportsbook will launch thanks to an agreement announced late Wednesday by Sports Illustrated owner Authentic Brands Group and gaming technology provider 888 Holdings. We don’t know if the SI Sportsbook will offer a free football phone to new bettors. (Image: Sports Illustrated) The first SI Sportsbook is expected to launch in Colorado in the coming months, according to a statement …

Louisiana’s governor has signed the final bill required for sporting betting to begin in the state, possibly by football season. LSU cheerleaders fire up the crowd at a football game. Sports betting proponents hope people in Louisiana will be able to bet on sporting events in time for football season in the fall. (Image: Reveille) Gov. John Bel Edwards (D) on Tuesday signed legislation to regulate the sports betting industry in Louisiana. Edwards previously signed a bill that sets the tax rate on sports betting. The two-month legislative session at the Capitol in Baton Rouge ended on June 10. Under the new law, sports betting will be permitted in the …

In a widely anticipated move, Canada passed single-game sports wagering Tuesday. Wall Street analysts moved swiftly to highlight gaming equities positioned to capitalize on the new, potentially lucrative market. Score Media advertised at the Nasdaq market site. Analysts see it as a big winner on Canada single-game sports betting. (Image: CNBC) The list includes US-based operators such as BetMGM, Caesars Entertainment (NASDAQ:CZR), DraftKings (NASDAQ:DKNG), Penn National Gaming (NASDAQ:PENN), as well as Toronto-based Score Media & Gaming (NASDAQ:SCR). The Safe and Regulated Sports Betting Act (Bill C-218) was passed by Canadian senators, and after it’s signed into law, it heads to the country’s provinces for local implementation. Ontario, the largest province, …

Sporttrade, a sports betting financial technology company, announced Tuesday it raised $36 million from a group of investors. They include former MGM Resorts International Chairman and CEO Jim Murren and Nasdaq CEO Tom Wittman. The fundraising comes one month after launching its website, Sporttrade Founder and CEO Alex Kane testifies before the Ohio Select Committee on Gaming during a May 19 hearing in the Columbus statehouse. On Tuesday, the sports betting exchange startup announced it received $36 million in investor funding and plans to launch in New Jersey later this year. (Image: The Ohio Channel) In addition, the Philadelphia-based firm announced it would launch its sports betting exchange platform in …

The Chicago Bears pro football team has announced its first sportsbook and casino partners: Rush Street Interactive’s [RSI] BetRivers.com and Rivers Casino. News of the agreement comes shortly after the Bears submitted a bid for Arlington International Racecourse. Chicago Bears Coach Matt Nagy. The Bears have announced their first sportsbook and casino partners: Rush Street Interactive’s [RSI] BetRivers.com and Rivers Casino. (Image: Chicago Tribune) In an agreement announced this week, there is a multi-year exclusive gaming partnership between the companies. Much of it appears to relate to marketing initiatives. We look forward to connecting with our fans in fun and unique ways through these avenues, and couldn’t be prouder to …

By a 57-20 margin, Canadian Senators on Tuesday overwhelmingly passed legislation to allow single-game sports betting in the country. The vote, during the third and final reading of C-218, was the last major step before the bill officially becomes law. Senators who support bill C-218 stand on the chamber floor in Ottawa to be counted for a vote to legalize single-game sports betting in the country. The measure passed by a 57-20 margin. (Image: Senate of Canada) As the votes were being tallied, supporters in Ottawa, including bill sponsor MP Kevin Waugh (Conservative-Saskatoon-Grasswood) and key stakeholders across the country celebrated the landmark achievement. Just moments ago, #C218, the Safe and …

Todd Blanken, who allegedly was a key player in what was described as a “multi-million dollar” Chicago-based gambling ring, has avoided spending time in prison. Casey Urlacher, mayor of Mettawa, Ill, shown here, avoided time in prison after he was pardoned by President Donald Trump for a federal gambling inquiry. Now, a co-defendant, Todd Blanken, has also avoided prison time. (Image: Rich Hein/Chicago Sun-Times) On Monday, US District Judge Virginia Kendall sentenced the 44-year-old former resident of Cary, Ill. to six months in a community center. He can work while staying in the center. He was also given two years of probation, according to the Chicago Sun-Times. Prior to the …