DOJ Opinion on Gambling to Affect Pa. Online Gaming, Or Not
Jan17

DOJ Opinion on Gambling to Affect Pa. Online Gaming, Or Not

The long-awaited Department of Justice opinion on the Wire Act that was expected to arrive in December 2018 arrived on Monday when it issued the body issued a new legal interpretation of the 1961 Wire Act in a politically-motivated effort that seeks to delay efforts by various states to legalize online gambling. The memo, allegedly, effectively came at the request of Las Vegas Sands, the world’s largest developer of land-based...

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888 Holdings Buys Out All American Poker Network for $28M
Jan03

888 Holdings Buys Out All American Poker Network for $28M

Renowned Gibraltar-based online gaming operator, 888 Holdings in December 2018 announced its intentions to acquire the remaining interest in the All American Poker Network (AAPN) as part of its efforts to facilitate future growth in the United States poker market. The company has followed through with these plans and has now bought out the remaining 53 percent stake of the All American Poker Network from Avenue Capital, its joint...

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Potential DOJ Wire Act Reversal Decision on The Horizon
Dec20

Potential DOJ Wire Act Reversal Decision on The Horizon

The United States Department of Justice is hard at work preparing an opinion that is likely to reinterpret the Wire Act and make it apply to all forms of gambling and not just sports betting. This move would reverse the 2011 Office of Legal Counsel opinions which made sports betting the only activity under the Wire Act’s purview. While the actual content of the opinion is still unknown, it is expected to come down this week....

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PGCB Holds Public Hearing for Big Beaver Mini-Casino Project
Dec07

PGCB Holds Public Hearing for Big Beaver Mini-Casino Project

Last Tuesday (December 4), the Pennsylvania Gaming Control board hosted a public hearing that was attended by over 100 people including county representatives, local residents, and tradesmen all of who came to hear about the additional details about a proposed mini-casino by the operators of Mount Airy Casino Resort. The developers presented a summary of the 400-page mini-casino application to the state gaming control board at Big...

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Cordish Given Until 2020 To Complete Delayed Philly Casino
Nov30

Cordish Given Until 2020 To Complete Delayed Philly Casino

Last Wednesday the Pennsylvania Gaming Control Board held a meeting with gaming operators from the state. During the meeting, the gaming control board granted a two-year extension for the developers of the delayed South Philadelphia casino project to complete the project. That said, the casino is expected to launch the casino project by December 2020. The two-year extension arrives shortly after it was announced that the...

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Pa. Fantasy Sports Revenue Hits Record High in October
Nov23

Pa. Fantasy Sports Revenue Hits Record High in October

As it turns outs, October was a great month for the Keystone State’s daily fantasy sports – the industry’s revenue grew 36 percent when compared to the previous month and by so doing it got to a whopping $2.90 million. According to the figures recently released by the Pennsylvania Gaming Control Board, the revenue figures which has increased significantly from the $2.31 million that was recorded in September is primarily a...

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