Monica E.

Adam Silver: Lawmakers Should Legalize Sports Betting in the US

Adam Silver: Lawmakers Should Legalize Sports Betting in the US

Monica E. November 17, 2014 14:34:42

In an opinion piece published in the New York Times, the NBA commissioner said he supports sports wagering and thinks it should be legal. While Silver said this on several occasions, it is also well known that the NBA is a plaintiff in a federal lawsuit which aims to do exactly the opposite: stop a […]

Cozy Games Becomes First Regulated Operator to Provide Software for Bitcoin Gambling Sites

Cozy Games Becomes First Regulated Operator to Provide Software for Bitcoin Gambling Sites

Monica E. November 13, 2014 17:46:30

The new platform offered by licensed gambling operator Cozy Games can deliver bitcoin, litecoin and dogecoin payments. Bitcoin gambling has been around for a while, but recently it has taken a key step towards going mainstream. Cryptocurrency payment processor GoCoin and software developer Cozy Games have partnered up to offer players the first ever regulated […]

Experts Find No Rise in Gambling Addiction in the US

Experts Find No Rise in Gambling Addiction in the US

Monica E. November 13, 2014 09:23:33

Research by University of Buffalo Research Institute on Addictions conclude there has been no rise in gambling addiction over the past decade. A recent study shows that, over the past decade, the rate of problem gambling in the US has remained the same despite the diversification of options. These results come to contradict those who […]

Report Recommends Opening Canadian Gambling Market to Private Operators

Report Recommends Opening Canadian Gambling Market to Private Operators

Monica E. November 12, 2014 22:11:26

An independent commission says the Quebec provincial government would be better off if it allowed carefully-selected gambling companies on the market. Led by Louise Nadeau, a professor at the University of Montreal, the commission began to study the local casino market in 2010. That’s when Canadian gambling laws made it possible for the province’s first […]

UK Bookmakers Introduce New Compulsory Limits on Betting Machines

UK Bookmakers Introduce New Compulsory Limits on Betting Machines

Monica E. November 12, 2014 13:01:31

The new code of conduct adopted by British bookmakers sets limits on the amount of money spent, but not on the number of sessions. In an attempt to ease the public’s concern over the negative impact of fixed-odds betting terminals (FOBTs), betting companies operating in the UK have announced new “compulsory limits” on gambling machines. […]

Where Does Lottery Money Go?

Where Does Lottery Money Go?

Monica E. November 12, 2014 12:55:31

Even countries with the strictest gambling laws allow lotteries, often used to fund various charities, but how is that money really distributed? Once home to the most popular and glamorous gambling destination in the world, America has been surpassed by Asia and Europe in recent years. While Asia prides itself with a thriving casino industry […]

Chris Morris Buys Australia’s “Worst Performing Casino”

Chris Morris Buys Australia’s “Worst Performing Casino”

Monica E. November 12, 2014 09:35:31

Rich lister Chris Morris is planning to give the Townsville casino a $20 million facelift, to turn it into an addition to his expanding Queensland tourism empire. The Colonial Leisure Group entered agreed to purchase Echo Entertainment Group’s Jupiters Townsville casino in January, offering to pay $70 million for the venue. In an interview with […]

Will Casinos Bring New York’s Economy Back on Track?

Will Casinos Bring New York’s Economy Back on Track?

Monica E. November 10, 2014 13:50:33

Seven years after it opened, the Mount Airy Casino Resort has less than half the hotel rooms envisioned by developers and just one third of the number of slot machines planned. When the crumbling Mount Airy Lodge needed to be rescued, everyone thought a casino resort would be the solution. A luxury hotel offering visitors […]

Study Shows More Gambling Does Not Necessarily Cause Addiction

Study Shows More Gambling Does Not Necessarily Cause Addiction

Monica E. November 10, 2014 09:24:18

A new study contradicts fears that an expansion of the online betting and casino industry would lead to more problem gambling. It used to be that America was always one step ahead of everyone. Not when it comes to internet gambling, though. Over the past decade, the online and mobile casino industry has exploded in […]

Wynn and MGM Casinos in Massachusetts Get the Green Light

Wynn and MGM Casinos in Massachusetts Get the Green Light

Monica E. November 9, 2014 13:55:24

In a referendum held earlier this week, Massachusetts voters cleared the way for two new casino resorts and a slots parlor in the state. Wynn Resorts, MGM Resorts International and Penn National Gaming are free to move forward with their plans of turning Massachusetts into a proper gambling state. According to this week’s gambling news, […]