From The Fiscal Times States are still betting big on gambling. New York and Massachusetts are eyeing new, flashy resort-style casinos. The owner of one of the largest casinos in the country, Maryland Live! Casino, is among those vying for the final gambling license in Philadelphia and hopes to build a new $425 million casino there. But in nearby Delaware, lawmakers are considering the unusual step of giving $8 million to the state’s three struggling racetrack casinos. Crucial questions face states after years of gambling fever. Can they still enter the gambling fray and claim a hefty chunk of revenue? …

From iGaming Business Betting exchange and online casino operator Betfair has released its preliminary financial results for the twelve months to the end of April showing that total revenues from continuing operations fell by 0.38 percent year-on-year to £387 million. Betfair rejected a preliminary takeover approach from private equity firm CVC Capital Partners Limited in May that was reportedly worth £911.7 million and revealed annual reported earnings before interest, tax, depreciation and amortisation of 51.2 million, which represented a drop of some 39 percent year-on-year. London-based Betfair declared an annual loss from continuing operations of £49.4 million, which is down…

From Forbes While Americans love to wager money, our country has an interesting relationship with legalized gambling.  Though it’s legal in Las Vegas, Atlantic City, many Indian Reservations, and other places in the US, it is illegal elsewhere.  Further, the legality of online gambling sites has also been questioned. Many people who enjoy wagering a few dollars over a game of poker, blackjack, or other game, however, do not have the access or ability to get to a casino.  Others, perhaps, have a bit of time to unwind in the evening, and wish to play but don’t have the time…

The statewide scandal involving internet gambling that led to more than 50 arrests and the resignation of the lieutenant governor is now being blamed for what some call a “bad law,” 9 Investigates learned. Reacting to the Allied Veterans of the World racketeering case, lawmakers passed swift and far-reaching legislation aimed at shutting down internet gambling centers. WFTV investigative reporter Christopher Heath discovered the law is having unanticipated consequences, and sending nonprofits out of the state for fear of prosecution. Earlier this year, the state raided the Allied Veterans of the World gaming center in Seminole County, setting off a…

From iGaming Business Online gambling operator 888 Holdings has signed a deal with sports event promotions firm Matchroom Sport that will see its 888casino brand serve as the title sponsor for the Champion Of Champions snooker tournament. Set to run from November 19 to 24 from the Ricoh Arena in Coventry and broadcast on UK terrestrial station ITV4 and in China via CCTV, the 888casino Champion Of Champions invitational tournament is due to feature stars of the snooker world including Ronnie O’Sullivan, Judd Trump, Mark Selby and Neil Robertson. “888 is excited to have the opportunity to continue our support…

From ABC News Online gambling isn’t just bad, it’s dangerous and immoral: So argues Sheldon Adelson, CEO of the biggest gaming company in the world. “Click your mouse and lose your house,” warns Adelson, Chairman and CEO of the Las Vegas Sands Corp. His views, expressed in an op-ed for Forbes, have not endeared him to fans of online poker, thousands of who now are trying to organize a boycott of the sumptuous poker room (59 tables, 14,000-sq. ft.) of Adelson’s The Venetian casino and resort. “As an industry leader, and more importantly as a father, grandfather, citizen and patriot…