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Twin River Acquires Bally’s Brand from Caesars

Twin River Worldwide Holdings has recently announced a deal with Caesars Entertainment to acquire Bally’s brand for $20 million. In April, Rhode Island-based company revealed its plan to purchase the Bally’s Atlantic City property from Caesars for $25 million. The deal included the casino’s multiple licenses, but not its name. However, the latest announcement suggests …

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Will 5Dimes be Able to Enter the Legal US Sports Betting Market?

5Dimes is walking the road toward the legal sports betting market in the US after announcing a $46 million settlement with the authorities. The settlement clears 5Dimes’ assets of legal restrictions after a year-long federal investigation of the former offshore company. The US authorities had been probing into 5Dimes for its illegal gambling activities, including …

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Illinois Casino Revenue Drops 30% in 2020

Illinois casinos have reportedly seen a drastic revenue drop of 30% in 2020 compared to the last fiscal year. The sudden plunge in revenue over the past eight months was defined and dominated by the coronavirus pandemic. The pandemic-driven lockdown measures have particularly dented the state lawmaker’s attempts to expand the state’s gambling industry. Although …

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Caesars and William Hill Seal a $3.7bn Takeover Deal

Caesars Entertainment has outplayed its rival Apollo by sealing a $3.7 billion cash takeover deal with betting operator William Hill. The deal to acquire the UK-based sports betting operator is part of Caesars’ bid to expand across the United States. According to reports, Caesars plans to sell William Hill’s international operations, including 1400 betting shops …

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Three Operators Secure First Tennessee Sports Betting Licenses

Tennessee has finally approved licenses for its first three sports betting operators ahead of its November 1 launch date. DraftKings Sportsbook, BetMGM, and FanDuel Sportsbook are the first three operators to obtain their online-only sports betting license in Tennessee. The Sports Wagering Committee of the Tennessee Education Lottery authorized the licenses. While speaking on the …

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Michigan to See Online Sports Betting Earlier Than Expected

The state of Michigan is likely to see online sports betting sooner than the initially anticipated launch in early 2021. According to the Michigan Gaming Control Board, the updated timeline could bring the internet sports betting live within a few months and before the end of this year. For now, the land-based casinos in Michigan …

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Caesars Extends a $3.7bn Offer to William Hill

Caesars has warned William Hill to take a $3.7 billion acquisition offer or leave the existing relationship entirely if it is ambivalent. Last month, the UK-based bookmaker announced it had received competing offers from two rival companies, Caesars and Apollo Global Management. However, Caesars seems to be in an advantageous position due to its existing …

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Michigan Online Gambling Legislation Sails Smoothly

Michigan online gambling legislation appears to be smooth sailing as a Senate Committee and public hearing on iGaming rules both went without a hitch. Both were significant procedural steps whose smooth passage provided a glimpse of a bright future for online gambling in the state. The Regulatory Reform Committee took up 13 bills for consideration, …

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Companies Including Caesars to Purchase William Hill

Many suitors including gambling giant Caesars are wanting to purchase betting operator William Hill to get the company out of the United Kingdom. In recent years, the London-based company has witnessed a major dip in revenue and is now looking to be sold. Caesars is one of the world’s leading gambling entities that is looking …

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Pennsylvania Online Gambling Revenue Hit Record Highs in August

After months of inactivity, Pennsylvania’s online gambling industry has resumed its record-setting pattern in August with $55.9 million of revenue. Online gambling in the state marked its first year in July. Its growth was uninterrupted for the first 11 months. However, the closure and reopening of retail sportsbooks and casinos due to the coronavirus pandemic …

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