Industry News of the Day for November 23, 2022
- Gaming Today: How The AGA Sidestepped Sports Betting Industry Critiques
- On November 21, the New York Times published several articles analyzing and critiquing the newly expanding gambling industry. Writers within the gambling industry have routinely unpacked these questions, often pointing to a greater need for oversight on these issues. So, it was surprising to see the American Gaming Association’s (AGA) response defending the gambling industry as a whole instead of addressing the state of sports betting regulation.
- AP News: Vegas Oddsmakers, Officials Say NFL Finally Hears Message
- Jay Kornegay, who has built a reputation as one of Las Vegas’ top sports book directors, spoke at a conference in Indianapolis several years ago that included the major professional sports leagues, the NCAA and the FBI.
- SBC Americas: U.S. Online Gambling Sites Hit Hard By Credential Stuffing Fraud
- Fraud issues have been sweeping through multiple US online gambling sites in the past few weeks, raising questions about whether or not the security around account information is sufficient. The basic mechanics of the fraud scheme appears to be “credential stuffing”, where the hackers have bought a database of usernames and passwords, then run those combinations through sports betting and online casino sites to see if they are able to successfully log in.
- Legal Sports Report: A Final Four In Las Vegas Was Once Unthinkable, But Now It’s Coming In 2028
- Just a few years ago, the idea of a Final Four in Las Vegas would have been laughable. But the rise of US sports betting will make the Final Four in Sin City possible. The NCAA announced Tuesday that the 2028 men’s NCAA Tournament will culminate with a Final Four at Allegiant Stadium.
- PlayMaryland: Online Sports Betting Is Officially Live In Maryland
- After more than two years of waiting, gamblers in Maryland can finally place legal sports bets online. Seven sportsbooks kicked off the start of online sports betting in Maryland at 9 a.m. on Wednesday. An additional three approved sportsbook apps — Betfred, BetParx, and Fanatics — have announced that they will wait until 2023 to launch. Regulators will continue reviewing and approving license applications on a rolling basis. They’ve announced that a total of 11 other operators have applied for a Maryland online sportsbook license.
- AP News: NJ Q3 Casino Earns Down 13%, But Most Surpass Pre-COVID Rate
- Atlantic City’s casinos saw their third-quarter profitability decrease by more than 13% compared with a year ago, but there was encouraging news in figures released Tuesday by New Jersey gambling regulators.
- PlayUSA: Chickasaw Nation Joins Coney Island Casino Bid
- Saratoga Casino Holdings and The Chickasaw Nation are joining Thor Equities in a bid to bring a New York casino to Coney Island. The group will also bring aboard Legends as the venture’s entertainment partner. Governor Kathy Hochul’s state budget included three casino licenses for the downstate area, which will be issued in due time. The three casinos can be located anywhere downstate, including Lower Hudson Valley and Long Island.