Some of the sports betting world’s biggest players have reportedly turned their sights on Brazil. Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America’s largest economy and its new, and regulated, online gambling market, Bloomberg News reported Wednesday (April 3). The report noted that Brazil —...
Online betting firm Rush Street Interactive is reportedly considering a sale, among other strategic options. The company’s representatives have approached potential buyers, Bloomberg reported Thursday (March 21), citing unnamed sources. Rush Street Interactive did not immediately reply to PYMNTS’ request for comment. One of the potential buyers approached by...
Online gambling has skyrocketed in popularity in the past several years, largely due to the pandemic shutting down physical casinos. The move sent gamers online, which many found more fun and convenient even after the world reopened. Today, digital gambling is a $63 billion industry,...
Wynn Resorts is reducing the jurisdictions in which its online sports betting and iGaming platform is available. The platform, WynnBET, will be shut down “as soon as possible” in eight states — Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia and West Virginia — Wynn Resorts said...
January 17, 2024
Online gambling has skyrocketed in popularity in the past several years, largely due to the pandemic shutting down physical casinos. The move sent gamers online, which many found more fun and convenient even after the world reopened. Today, digital gambling is a $63 billion industry, with online casinos deploying the latest technology to improve gameplay, […]
October 21, 2021
The explosive growth of online gaming has been both a boon and bane as both players and fraudsters have flocked to gaming platforms — creating new compliance headaches for operators....
January 22, 2021
In 2018 the Supreme Court struck down a 1984 federal law that prohibited gambling in most states. And that opened up an entirely new playing field for online gaming establishments...
May 06, 2020
The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. The...
April 29, 2024
Payments company PaySafe has introduced a pay-by-bank offering for online gamblers. The new solution lets online bettors in the U.S. secure funds instantly at operators’ cashiers directly from their online bank account, according to a Monday (April 29) press release. This product expands the capabilities of Paysafe’s Gateway, the company’s iGaming payments solution, and was added “to […]
April 03, 2024
Some of the sports betting world’s biggest players have reportedly turned their sights on Brazil. Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America’s largest economy and its new, and regulated,...
March 21, 2024
Online betting firm Rush Street Interactive is reportedly considering a sale, among other strategic options. The company’s representatives have approached potential buyers, Bloomberg reported Thursday (March 21), citing unnamed sources. Rush Street Interactive did...
August 11, 2023
Wynn Resorts is reducing the jurisdictions in which its online sports betting and iGaming platform is available. The platform, WynnBET, will be shut down “as soon as possible” in eight states —...
