A Wisconsin assembly bill (601) did not receive a vote after written testimony from the SBA opposing its structure. Despite the opposition because of revenue sharing, DraftKings and FanDuel are attempting to enter other states via prediction markets. MADISON, Wisc. – A measure to legalize … Read more
Louis Belletieri admitted to stealing millions from escrow accounts meant for real estate closings. Prosecutors say he used the funds for personal expenses and extensive sports betting at legal online sportsbooks. ALLENTOWN, Pa. – A former title agent and business executive in Allentown has pleaded … Read more
DraftKings and FanDuel executives met with tribal representatives in California at the Indian Gaming Tradeshow & Convention to discuss a potential partnership. The Sports Betting Alliance’s proposal seeks to license sportsbooks while ensuring revenue-sharing benefits for all 109 federally recognized tribes. Despite ongoing negotiations, tribal … Read more
American Gaming Association CEO Bill Miller is concerned about the ineligibility of gaming businesses for loans from the Small Business Association’s Paycheck Protection Program. Under the current guidelines, hundreds of thousands of casino and gaming industry employees will be left unprotected during the COVID-19 crisis. … Read more