In The News: International Center for Gaming Regulation
Casino mogul Steve Wynn’s former company was fined a record $20 million by Nevada gambling regulators on Tuesday for failing to investigate claims of sexual misconduct made against him before he resigned a year ago.
A year and a day after the U.S. Supreme Court decision that forever changed the landscape of sports wagering in the United States, a group of industry representatives will gather in Boston to try to do what some say is impossible.
For any proud alum of an Illinois university awaiting the day when you can place a legal sports wager on your alma mater, consider this scenario: You’ve got a hunch the Fighting Illini are finally going to beat mighty Ohio State on the gridiron, or at least lose by fewer points than Las Vegas has predicted. You walk into one of the state’s casinos, cash in hand, only to be turned away at the betting window.
Like it or not, eSports have taken the world by storm. Therefore, investors looking to get into the space to make some cash are probably wondering how they can go about getting into this emerging industry.
Gambling exists in every state, even Hawaii and Utah, where gambling is prohibited by law. But not all gamblers are the same. “Recreational” or “social” gamblers, for instance, buy the occasional lottery ticket, take the rare casino trip or bet small stakes in fantasy sports. But they also are mentally able to quit at any point and prevent catastrophic financial loss.
TheStreet has been covering esports from what investors need to know about the new sector to the diversity within it.
A gambling court has been established in Nevada. That’s new, but it’s an idea that obviously could have happened many moons ago.
A gambling court has been established in Nevada. That’s new, but it’s an idea that obviously could have happened many moons ago.
Casino mogul Steve Wynn's former company was fined a record $20 million by Nevada gambling regulators on Tuesday for failing to investigate claims of sexual misconduct made against him before he resigned a year ago.
State gaming regulators will review the impact the Justice Department’s new interpretation of the Wire Act will have on the industry in Nevada.
After losing in Game 1 of the 2018 NBA Finals, an emotional LeBron James smashed a whiteboard in the Cleveland Cavaliers locker room, breaking his right hand. His play faltered in the subsequent three games that the Golden State Warriors also won for a clean sweep. Yet, the injury wasn’t made public until after the finals were over.
The US authorities have begun banning all forms of Internet gambling, reversing the course of a 2011 decision and jeopardizing an emerging online betting sector in several American states.