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In one of the biggest mergers in the casino industry, El Dorado Resorts out of Reno, Nevada acquired Las Vegas-based Caesars Entertainment through a $17.3 billion stock purchase. This deal was in the making for more than a year and it finally closed in July. A major part of the process was gaining approval from…

More than a few sports betting companies are making a play to get a piece of New Jersey’s lucrative sports betting market. Driven by online betting sites and mobile sports betting apps, the Garden State is well on its way to becoming the biggest sports betting market in the US. Fueled by back-to-back record sports…

Pennsylvania has always been viewed as a very progressive state when it comes to gambling. Starting with a land-based casino network across the state, lawmakers have always been open to new and exciting ways to expand. Online sports betting in Pennsylvania is also a going concern, as well as horse racing. A gambling extension bill…

The sports betting handle is the total amount of money bet during a specific timeframe. The difference between losing bets plus commission collected and winning bets paid out is a sportsbook’s hold percentage. This also relates to their overall revenue. Records for monthly sports betting handles are falling all across the country in states offering…

The Universal Music Group (UMG) is recognized as the biggest music company in the world. It is now looking to make its presence felt in the MS casino industry. As part of a joint venture with Dakia U-Ventures, plans are underway for $1.2 billion hotel and casino in Biloxi, Mississippi. Dakia U-Ventures is a Miami-based…

Industry insiders knew that legal sports betting in the US was going to be a big hit. However, it is hard to believe that anyone knew how big it would be in such a short period of time. Legal sports betting in the emerging US market continues to set monthly records on a state-by-state basis.…