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New York Gaming Commission Releases Online Sports Betting RFA

Eight-day delay

The New York Gaming Commission (NYGC) has released Requests for Applications (RFA) for online sports betting licenses in the state. This quells concerns from notable industry stakeholders about possible delays to the application process.

the NYGC will choose at least two platform providers and four online sports betting operators

Friday’s release of the 130-page RFA came eight days after the initial mandatory state deadline of July 1, starting the competitive bidding process among sports betting operators. The NYGC will choose at least two platform providers and four o

CityCenter Transaction Credit Negative for MGM Due to Lease Obligations, Says Moody’s

Purchasing the 50 percent of CityCenter it didn’t previously own and selling the real estate of Aria and Vdara casino resorts carries negative credit implications for MGM Resorts International (NYSE:MGM).

Aria Vdara
MGM’s Aria at CityCenter Las Vegas, seen above. Selling that venue and Vdara is raising leasing obligations, says Moody’s. (Image: Las Vegas Review-Journal)

That’s the view of Moody’s Investors Service, which says in a recent report the recently announced transaction is credit negative for the gaming company. Earlier this month, MGM said it’s paying $2.12 bill

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Gambling.com Prices IPO, Expects to Raise $63M

Internet betting portal Gambling.com updated the terms of its initial public offering (IPO), noting it will sell 5.25 million shares at $11 to $13 apiece.

Gambling.com IPO
The Nasdaq market site in New York, soon to be home to Gambling.com shares. The company priced its IPO in a new SEC filing. (Image: CNBC)

At the midpoint of that range, the company will have raised $63 million. The firm will list shares on the Nasdaq Stock Market under the ticker “GAMB.” Gambling.com, which publishes content in North America and Europe, does not directly provide betting products and services.

Las Vegas Sands Going Digital with New Investment Arm

Las Vegas Sands (NYSE:LVS) is making a long awaited foray into digital gaming, announcing today it’s creating an investment arm dedicated to that effort.

Las Vegas Sands
Las Vegas Sands CEO Rob Goldstein, pictured in an interview, above. The company is unveiling digital gaming plans. (Image: Bloomberg)

The unit will be led by Davis Catlin, who joins the gaming giant from Sands Capital Management.

That Virginia-based firm, which has no relation to the casino operator, “is an active, long-term investor in leading innovative businesses globally.” It had $77 billion in assets unde

Singapore announces penalties for violating new gambling act


Gambling regulators at Singapore’s Ministry of Home Affairs (MHA) are overhauling their country’s gaming code with an emphasis on re-defining what is actually gambling and how violators of the Remote Gambling Act should be punished. It’s part of a multi-year effort to put the country’s gaming code in line with contemporary technology.

One of the key purposes of the proposed legislation in Singapore is to re-define, and clarify what activities actually constitute gambling. In a world where technology is bringing new gaming products to market on a regular basis, this is job is a lot harder than

Kurhaus Baden-Baden

Kurhaus Baden-Baden is one of the German casino jewels built in the 18th century. The place is operating up to this date, but the antique design and interior are kept intact.

The post Kurhaus Baden-Baden appeared first on BestCasinoSites.net.

DC Sports Betting Audit Raises Questions About Local Business Involvement

A report released last week by the Office of the DC Auditor raised several issues with the DC Lottery’s $215 million no-bid contract to operate sports betting in the nation’s capital. Among the claims auditors made was that the Greek company was woefully short on meeting the required goal for subcontracting to or making purchases from local businesses.

DC Lottery sports betting
DC Councilmember Elissa Silverman requested an audit of DC Lottery contractor Intralot and its relationship with a local company. The audit found other issues with Intralot’s $215 million sports betting contract,

Flutter Rumored to Postpone FanDuel Spinoff Until 2022

Flutter Entertainment (OTC:PDYPY) will reportedly delay the highly anticipated spinoff of its FanDuel business until next year.

FanDuel spinoff
The FanDuel sportsbook at the Meadowlands. Flutter Entertainment is rumored to be delaying a spin-off of the US sports betting giant. (Image: North Jersey)

Earlier this year, the Betfair parent confirmed it’s mulling a public listing of FanDuel, as investors pressed the UK-based gaming company to unlock shareholder value. They urged the company to capitalize on elevated multiples being assigned to sports betting operators in the US.

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Las Vegas Site for High-Speed Train Station Once Planned for Casino

A site near the Las Vegas Strip where a high-speed train company plans to build a terminal station was slated years ago for a casino.

Brightline West
This artist’s illustration shows a Brightline high-speed train traveling on an above-ground track. Construction could start in 2022 on a Brightline train linking Southern California to Las Vegas. (Image: Brightline West)

In 2012, Lone Star Funds received approval from Clark County to build a casino, hotel towers, and a convention center at the site, located south of McCarran International Airport, according to the Las Vegas Revie

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