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View image in fullscreen How computer-assisted wagering became horse racing’s insider trading Cash-strapped racetracks are selling out everyday bettors to whales who use algorithms to wager huge sums at friendlier odds. It’s a rigged system designed for the rich to get richer As the thoroughbred horse racing industry fades in America, I think back on
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A detailed study orchestrated by the Swiss Institute for Addiction and Health Research (ISGF), on behalf of the Swiss Federal Gaming Board (SFGB) and the Intercantonal Gambling Supervisory Authority (Gespa), has dissected gambling behaviors in Switzerland for the year 2022. Utilizing data from the Swiss Health Survey conducted by the Federal Statistical Office, this comprehensive analysis offers insights into the evolving landscape of gambling
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Campaign spending for and against a high-stakes casino licensing ballot initiative in Arkansas has reached a record-breaking $30 million, making it the most expensive initiative in the state’s history. Issue 2, which could rescind a Pope County casino license, has garnered massive financial backing from stakeholders, reflecting the intense debate over casino expansion in the
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The European Commission (EC) has extended the standstill period on Italy’s anticipated new licensing framework for online gambling, following objections from Malta. The EC’s decision, which delays Italy’s tender for online gambling concessions until 18 November, comes after Malta raised significant concerns about the technical and compliance requirements imposed on B2B businesses under Italy’s proposed
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Rush Street Interactive, Inc. (RSI), a frontrunner in the online casino and sports betting industry across the Americas, disclosed its financial results for the third quarter ending September 30, 2024. The company achieved remarkable financial milestones, with revenue soaring to $232.1 million, marking a 37% increase from $169.9 million in the same quarter of the previous year. This
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The UK gambling industry found temporary relief in Chancellor Rachel Reeves’ autumn budget, as previously speculated tax increases on the sector were notably absent. The budget, marking the Labour government’s first in nearly 15 years, introduced a sweeping £40 billion ($51.5 billion) tax increase aimed at stabilizing the economy. However, Reeves’ approach avoided burdening the
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Our friends at Circa Las Vegas in downtown have just wrapped up a huge expansion of their hotel with the addition of more than a hundred rooms, bringing the total to 618. The construction took over nine months to complete and includes four brand new suites! Each of the new rooms features high ceilings, multiple
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The French government’s initiative to legalize online casinos has encountered significant pushback from various stakeholders, causing officials to halt their proposed amendment to the 2025 budget. This amendment, originally submitted by Prime Minister Michel Barnier’s administration, aimed to bring France’s gambling laws in line with other European Union (EU) countries. However, the intense opposition from
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Despite experiencing its third consecutive month of revenue decline on the Las Vegas Strip, Nevada’s overall gaming revenue saw a slight increase in September. According to data from the Nevada Gaming Control Board, statewide casino earnings reached $1.31 billion, up from $1.27 billion in the same month last year. This increment comes amidst a 1.8% drop on the
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Lottery and gaming industry solutions provider Skilrock Technologies successfully showcased its innovations at the World Lottery Summit (WLS) 2024 in Paris. The event, held from October 21 to 24, served as a global platform for discussing the future of the lottery and gaming sectors. The company’s exhibit at the show attracted widespread attention from industry
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Negotiations have begun over Pennsylvania online poker shared liquidity. And if you don’t know exactly what that is and why you should be excited, allow us a moment to explain. You see, poker is a game where you need lots of players. But regulated online poker is usually restricted to state boundaries, which limits the
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Illinois has taken decisive action to uphold the integrity of professional football by imposing restrictions on specific types of NFL game bets. This measure comes directly in response to concerns expressed by the NFL, which fears certain bets could be easily manipulated by individuals such as players, coaches, or referees. Comprehensive overview of prohibited betting types: The Illinois Gaming
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Gaming technology provider BetConstruct will showcase its products and solutions at the upcoming SiGMA Europe in Valletta, Malta, to be held on November 11-14. The event is set to gather thousands of delegates, more than 500 speakers, and 1000 sponsors and exhibitors. Also part of the event are networking sports side-events, parties, cultural activities, awards ceremonies,
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