News Archives - Page 92 of 129

This Sept. 9, 2018 photo shows fans of the New York Giants and Jets watching a football game after placing bets in the sports betting lounge at the Ocean Casino Resort in Atlantic City, N.J. The coronavirus outbreak has added new wrinkles for bettors this year, but even so, the nation's sports books expect a record year of bets on football in 2020 from an antsy public that has been cooped up for months amid the pandemic. (AP Photo/Wayne Parry)

New York Sports Betting Gains Ground In September; Still Annihilated By NJ

The four upstate casinos pulled in a combined $17.4 million in handle for the month, yielding $3.2 million in revenue.

Posted on: October 20, 2021 | | Mike Mazzeo

Tax Rate For NY Online Sports Betting Could Hit 64%, Per State Regulators

Legalized online sports betting in New York is moving toward a conclusion. And that conclusion could come with an effective tax rate of 64% on sports betting revenue.

Posted on: October 19, 2021 | | Mike Mazzeo

New York and New Jersey separated by the Hudson River

New Jersey’s $1 Billion Sports Betting September Frustrates New York Senator

Policymakers in New York could only watch with envy as New Jersey sportsbooks handled a record $1.01 billion in September.

Posted on: October 19, 2021 | | Mike Mazzeo

United States' Kevin Durant (7) reacts at the start of the men's basketball gold medal game between France and the United States at the 2020 Summer Olympics, Saturday, Aug. 7, 2021, in Saitama, Japan. (AP Photo/Eric Gay)

Kyrie Irving’s Absence Gives Nets’ All-Star Kevin Durant Better Shot At NBA MVP

The season is a long journey that's only just beginning, but Durant has a better shot at winning MVP as long as Irving doesn't take his.

Posted on: October 19, 2021 | | Mike Mazzeo

Five New Yorkers Indicted In $1.1 Million Atlantic City Casino Check Scheme

Prosecutors indicted three men and two women for attempting to swindle five New Jersey casinos out of more than $1 million via bad checks.

Posted on: October 18, 2021 | | Mike Mazzeo

Penn National CEO Warns UK Ad Restrictions Could Reach US Sports Betting

At a recent business summit, Jay Snowden offered some words of caution about the current state of sports betting advertisements in the US.

Posted on: October 15, 2021 | | Mike Mazzeo

BetMGM CEO: ‘Critically Important’ To Be In NY Sports Betting Market Despite High Tax Rates

BetMGM CEO Adam Greenblatt didn't mince words when saying how important it is to be a part of the NY online sports betting market.

Posted on: October 15, 2021 | | Mike Mazzeo

FILE - This Aug. 7, 2014, file photo shows David Stern, a member of the 2014 class of inductees into the Basketball Hall of Fame, listening to a question from the media during a news conference at the Naismith Memorial Basketball Hall of Fame, in Springfield, Mass. Sports in 2020 was an unending state of mourning. (AP Photo/Jessica Hill, File)

Former NBA Commissioner David Stern’s Unexpected Impact On Sports Betting Industry Still Resonates

Between his retirement and his death in 2020, Stern morphed from a sports betting opponent into an investor in several gambling companies.

Posted on: October 13, 2021 | | Mike Mazzeo

This Oct. 1, 2020 photo shows the exterior of Bally's casino in Atlantic City, N.J. The new owners of Bally's Atlantic City are attempting to revive a comatose casino in perhaps the most cutthroat gambling market in America. Rhode Island-based Bally's Corporation is spending at least $90 million on the Boardwalk casino over the next five years, including hotel room makeovers, a renovation of the casino floor, new slot machines and restaurants, and more live entertainment. (AP Photo/Wayne Parry)

Bally’s Chairman: Future of US Sports Betting More In-Play, Luck-Based

Soo Kim spoke with PlayNY about the assets and strategy Bally's is starting to leverage as part of its US sports betting roadmap.

Posted on: October 12, 2021 | | Mike Mazzeo

Yankees Offseason Preview Changes Needed

As They Head Into The 2022 MLB Season, New York Yankees Have Difficult Decisions To Make

“Going all-in. That was the Yankee Way. Teetering on the fence isn’t the Yankee Way, and it’s come back to bite them for sure.” In conversations with a handful of scouts on Wednesday — the day after a disappointing 2021 season for the New York Yankees went up in flames with a 6-2 loss to the […]

Posted on: October 7, 2021 | | Mike Mazzeo