Missing Poker Player Search: New Leads in Jón Jónsson Podcast Investigation | 10BET

Jón Jónsson Podcast: New Clues in the Search for a Missing Poker Tournament Champion

  • Podcast uncovers new leads in poker player’s disappearance
  • Irish police renew search efforts in Dublin locations
  • Family praises cross-border cooperation with Europol and Gardaí

A recent podcast investigating the mysterious disappearance of Icelandic player Jón Jónsson has reignited intense public interest in a case that began during a high-stakes poker tournament in Dublin six years ago. As reported by his family, the podcast, titled *Where is Jón?*, is a collaboration between Irish and Icelandic broadcasters that has successfully uncovered new leads, breathing fresh life into the long-dormant police investigation surrounding his vanishing from the competitive gaming scene.

missing person
Image by Wunderela from Pixabay

The Gardaí (Irish national police) are now undertaking new searches in several locations across Dublin, prompted by insights gleaned from the podcast series. Jónsson disappeared on February 9, 2019, after leaving Dublin’s Bonnington Hotel, the venue for the poker festival.

Vanishing Point

The father of four had arrived alone in Dublin from Iceland a day prior to the festival, intending to join his fiancée, Kristiana Guðjónsdóttir, for the event. The couple had plans for a 10-day holiday during which they would participate in the tournament that started the following day.

At approximately 11 a.m., surveillance footage recorded Jónsson exiting the hotel and heading down Swords Road. Remarkably, he was never seen again. His personal belongings, including his phone, wallet, and passport, were left in his hotel room.

To date, the investigation has trawled through more than 270 lines of inquiry. In February 2024, police conducted a significant search in Santry Demesne Park after receiving two anonymous letters hinting that the area might be connected to Jónsson’s disappearance. However, these searches yielded no results.

New Witnesses?

While the Gardaí have not disclosed precise details about the new leads, reports from RTÉ indicate that investigators have compiled a fresh list of individuals they wish to interview. Recently, authorities met with their Icelandic counterparts and Europol in The Hague, an initiative lauded by Jónsson’s family.

“We have long advocated for closer cooperation between the Icelandic police and the Gardaí,” said Jónsson’s brother, David Karl Wiium. “This meeting is a significant milestone as it fosters personal ties and collaborative efforts in our pursuit of answers.”

Theories surrounding his disappearance range from mistaken identity to the possibility that Jónsson became inadvertently involved in nefarious activities.

In October 2020, a report from The Irish Independent detailed an alleged confession from an unnamed prisoner in Iceland, who asserted that Jónsson was accidentally killed by a fellow citizen after misplacing cash he was responsible for. However, the Jónsson family has dismissed this as mere speculation, clarifying that no information has been relayed to authorities by either Irish or Icelandic police.

Listen to the Podcast

The Where is Jón? podcast series continues to explore the threads of mystery surrounding Jónsson’s case, featuring interviews with law enforcement officials, family members, and witnesses. The series aims to construct a comprehensive picture and generate hope for those seeking closure.

For more insights on the ongoing investigation and to hear exclusive interviews, listen to the latest episodes and join the conversation. This podcast illustrates how collaborative efforts across borders can ignite new discussions and lead to breakthroughs in long-held secrets.

Summary

The podcast exploring the mystery of Jón Jónsson’s disappearance reignites public interest and inspires fresh searches by the Gardaí in Dublin. His family expresses their gratitude for the renewed efforts and cross-border cooperation that may shed light on the case. Join the ongoing conversation through the available podcast episodes to support efforts in bringing Jónsson home.

Regional Casinos Under Fire: Penn Claps Back at Vora Over State Gaming Law Violations

Shareholder Activism and the Future of Regional Casinos: Penn Claps Back at Vora Over Gaming Law Violations

  • Penn board asserts HG Vora demanded significant buyback and a halt on improvements at regional casinos.
  • Board claims hedge fund aimed for a strategic review of the entire company.
  • Allegations that the investor flouted state gaming and federal securities regulations.

Penn Entertainment’s board has stated that activist investor HG Vora, during his efforts related to shareholder activism, has contravened both federal securities laws and state gaming regulations. The board has accused the hedge fund of attempting to halt or eliminate various improvement projects at several regional casinos.

Investor presentation
Image by Antranias from Pixabay

This wave of allegations began to surface two days after Vora publicly announced a proxy war against Penn. The activist investor’s campaign included plans to nominate three candidates to the board of directors. When Vora initially acquired a stake in Penn in late 2023, he held approximately 18.5% of shares, a figure that has since dropped to around 4.8% to avoid the need for gaming permits in states where Penn operates.

Despite making calculated moves, Vora’s actions have allegedly infringed upon state gaming requirements. In December 2023, Vora lodged a Schedule 13D report with the SEC, announcing his intentions to nominate board candidates and initiate governance changes as outlined by the Penn board.

Regulatory representatives from unspecified states have reportedly contacted both Penn and Vora, clarifying that the investor’s actions, including nominating directors, were deemed inappropriate.

Penn’s Insights on Director Nominations

Earlier this year, Vora submitted the names of William Clifford, Johnny Hartnett, and Carlos Ruisanchez for candidacy to the Penn board. While Hartnett and Ruisanchez were allowed to proceed, the board expressed reservations regarding Clifford’s nomination.

In light of these concerns, the board noted that Clifford was previously unsuccessful in his bid for a board seat in 2020. His past ties with Penn and reluctance to embrace technological advancements proposed by current CEO Jay Snowden were major factors in the board’s decision.

The board also articulated their willingness to reconsider Clifford’s candidacy, aligning with Vora’s nomination, but ultimately concluded that his skills were not advantageous for the board’s current needs.

Penn Responds to Vora’s Demands

In their communication, the board brought to light that Vora had suggested Penn should initiate a leveraged buyback of half its outstanding shares. The board dismissed this approach, underscoring that it would significantly increase the company’s debt beyond sustainable levels.

Furthermore, the hedge fund’s proposal included scrapping ongoing investment plans for various locations, including two casinos in Illinois and one in Ohio, as cost-cutting measures intended to facilitate share repurchases. In light of ongoing concerns, Vora also sought a complete strategic review of Penn’s operations, sparking heavy backlash from regulatory bodies.

This brings to light the precarious balancing act within the gaming industry — as Penn’s board cautioned that the short-sighted approaches proposed by Vora could jeopardise shareholder value.

Reports have also hinted that Boyd Gaming might be a potential buyer for Penn’s assets. However, analysts believe that finding separate buyers for both the casino properties and struggling divisions like ESPN Bet presents complex challenges, making it unlikely for Penn to pursue sales.

Key Takeaways

  • Penn Entertainment’s board has rejected investor demands as counterproductive to the company’s growth.
  • Regulatory compliance remains a central concern as Vora’s tactics are scrutinised.
  • A strategic review and leadership shakeup may still unfold as tensions between shareholders and management rise.

In conclusion, the ongoing saga between Penn Entertainment and HG Vora not only highlights the intricacies of corporate governance within the gaming sector but also serves as a reminder of the potential risks involved in aggressive shareholder activism.

UFC TV Deal Update: How the Massive $1 Billion Search Impacts Sports Betting | 10BET

UFC’s Billion-Dollar Deal Could Revolutionize the World of Sports Betting

As Merab Dvalishvili prepares to clash with Sean O’Malley for the bantamweight title at UFC 316 on June 7, the intense anticipation surrounding the Newark bout is driving a massive surge in sports betting activity. With the fight taking place at the Prudential Center, fans and bettors alike are closely watching the odds, especially as the UFC seeks to capitalize on this momentum to secure a broadcasting rights deal worth an estimated $1 billion annually.

sports broadcasting
Image by lincerta from Pixabay

Topuria Versus Oliveira Generating Betting Buzz

The UFC is known for its star-studded personalities and high-adrenaline fights, making it a hot commodity in broadcasting. The promotion’s current deal with ESPN is set to expire at the end of 2025. Mark Shapiro, President and COO of TKO Group Holdings, mentioned during a recent conference that financials aren’t the only consideration for the new deal; branding and marketing potential are equally important.

Shapiro confirmed that discussions are ongoing with various networks and streaming services keen on acquiring broadcast rights. Notably, UFC fighters frequently feature on ESPN channels, leading to marketing avenues that transcend what occurs inside the Octagon.

  • DraftKings odds for the upcoming title fights indicate Dvalishvili is the favourite at -380, while O’Malley stands at +300. Additionally, UFC 316 features the title fight between Julianna Pena and Kayla Harrison, with Harrison favoured at -575.

Topuria Wanted a Makhachev Fight

There’s significant excitement surrounding the matchup of Ilia Topuria against Charles Oliveira, scheduled for UFC 317 on June 28 at T-Mobile Arena in Las Vegas. UFC CEO Dana White has also laid out plans for the bout between Dricus du Plessis and Khamzat Chimaev for the middleweight title at UFC 319, taking place on August 16.

Additionally, Topuria expressed a desire to compete against Islam Makhachev, the currently top-ranked pound-for-pound fighter who vacated his lightweight title to pursue a second belt in the welterweight division.

Today, Topuria did not hold back in criticising Makhachev, stating, “It was the fight everyone wanted to see. I was willing to do it. He is the biggest hypocrite I have ever seen.”

Impact on Betting Odds

UFC is known for its captivating content, which undoubtedly influences the betting landscape. Topuria is currently a betting favourite at DraftKings with odds of -345, while Oliveira stands at +275, reflecting the excitement surrounding these events.

Discussing the recent UFC 315 in Montreal, UK-based BetVictor trader Mark Collier remarked on how star power directly influences betting odds. At this event, Della Maddalena emerged victorious over Belal Muhammad by unanimous decision to claim the welterweight title, shortly before another anticipated fight with Makhachev.

“Betting for a PPV is typically more robust when elite-level fighters are involved,” noted Collier. “Recent shows featuring popular fighters like Alex Perreira and Paddy Pimblett have drawn around 30% more engagement than usual.”

Pimblett Next?

Collier also projected that the winner of UFC 317 will likely face Pimblett later this year, especially as the rivalry between Topuria and Pimblett intensifies due to their exchanges on social media.

Collier believes Topuria’s performance at UFC 308, where he defeated Max Holloway, brought in numbers exceeding recent PPV averages by 12-13%. “Topuria’s upcoming match is set to pull significant viewership, especially with the prospect of a future bout against Pimblett,” added Collier.

Broadcasting Deal Expires End of 2025

Collider highlighted that the buzz surrounding these fighters boosts betting interest significantly. However, styles differ in appeal; for example, some fans might find Makhachev’s analytical fight style dull.

“Nevertheless, a different breed of fan appreciates his strategic approach, making him a consistently safe bet for bookies,” Collier stated. He added that fighters like Khabib Nurmagomedov and Makhachev tend to favour late decisions or submissions, which present unique challenges for bookies.

Summary

The stakes are rising ahead of UFC’s pivotal broadcasting deal, with the promotion aiming for a record annual figure. Fan anticipation grows around upcoming matches, reflecting in betting interest as fighters’ personalities and rivalries drive both media attention and profitability.

How Iowa Cops Used Geofencing Tech to Track Sports Betting Activity Near the Capitol | 10BET

Geofencing technology
Image by blickpixel from Pixabay

Iowa Lawmaker Claims Cops Used Geofencing and Betting Systems to Spy on Capitol Visitors, Raising New Concerns for Sports Betting Privacy

In a shocking revelation, Iowa’s Division of Criminal Investigation (DCI) allegedly employed geofencing technology around the state Capitol building, sparking outrage among lawmakers and privacy advocates alike. This technology was reportedly used during a broader investigation targeting student-athletes involved in illegal sports betting.

  • Capitol Geofenced Before Student Betting Probe: The DCI’s actions drew criticism as the geofencing of the Capitol occurred prior to a wider student betting investigation.
  • Surveillance and Legal Backlash: A lawsuit is now raising questions about the legality of tracking individuals without warrants.
  • Tech Access Revoked: The investigative authority faced swift backlash, leading to the revocation of tech access.

Representative Megan Jones (R-Sioux Rapids) expressed deep concern regarding the DCI’s actions, suggesting these activities violate citizens’ privacy rights. In late 2023, the investigation unveiled numerous college athletes accused of betting violations through the use of GeoComply’s Kibana software, which was intended to assist law enforcement in detecting illegal sports betting activities.

A total of 15 individuals faced charges, primarily for underage gambling, while others were charged with serious crimes like identity theft, utilizing the accounts of family members to place bets.

Understanding Geofencing Technology

GeoComply specializes in geolocation compliance, enabling sports betting companies to create a secure perimeter within state borders, ensuring out-of-state players cannot participate in betting activities that violate local laws. This technology was controversially applied during the DCI’s surveillance efforts.

Through this software, law enforcement agencies could pinpoint areas with high betting activity, termed “hotspots”, to combat fraud more effectively. Unfortunately, after testing this technology on the Capitol building, the DCI expanded the geofencing to include a University of Iowa dormitory, thereby infringing on student privacy without clear justification or a warrant.

This unwarranted intrusion into students’ lives resulted in a significant backlash, leading GeoComply to revoke DCI’s privileges to use the software in January 2024. The financial and reputational impact on many student-athletes prompted prosecutors to drop charges against them due to constitutional concerns.

A month later, over 26 students, whose athletic aspirations may have been thwarted by the DCI’s actions, filed a lawsuit against the state, claiming infringement of their rights.

Unveiling the Glaring Issues of Surveillance

The alarming discoveries about DCI’s surveillance tactics were unveiled during the evidence-gathering stage for a lawsuit, highlighting the need for strict oversight regarding surveillance technology. Jones emphasized that the Capitol should be a space for citizens to freely express their views without fear of being monitored.

“People should know when they walk in this door that their rights are protected and never should there be any chilling effect on that right,” she noted.

Tawny Kruse, a spokesperson from the Iowa Department of Public Safety, confirmed that the Capitol was indeed tested for software use, but contended that no identifiable personal data was accessed, stating, “It merely showed the existence of an anonymized datapoint that indicated a sportsbook app had been opened.”

Nevertheless, the repercussions of the DCI’s actions cast a long shadow, with Jones warning that Iowa could potentially face one of the largest class-action lawsuits in the state’s history due to these practices.

What Happens Next?

The legal implications of such surveillance and the continuing fallout from this incident will likely shape both public policy and technological practices moving forward. As discussions on gambling legislation evolve and technology becomes more entrenched in law enforcement practices, the intersection of technology, legality, and individual rights will remain a critical focus.

Key Takeaways

  • Geofencing technology raises significant privacy concerns when misused by law enforcement.
  • Legal actions by affected parties are crucial in holding authorities accountable for potential overreach.
  • Ongoing dialogues around the legality and ethics of surveillance technologies will shape policy for the future.

This unfolding situation serves as a critical reminder of the need for vigilance concerning privacy rights, especially within the context of modern technology’s intersection with law enforcement.

Summary: The use of geofencing technology by Iowa authorities has sparked serious concerns regarding privacy rights and the legality of surveillance practices. As affected students pursue legal action, this situation emphasizes the need for greater accountability in the use of technology by law enforcement.

Las Vegas Casinos History Re-Busted: The Flamingo and the First Strip Casino Myths

Las Vegas Casinos History Debunked: Was The Flamingo Really the First Strip Casino?

EDITOR’S NOTE: “Vegas Myths Busted” publishes new entries every Monday, debunking the most common legends and misconceptions surrounding Las Vegas casinos, with a bonus Flashback Friday edition. Today’s entry in our ongoing series, which dives deep into the history and high stakes of the gambling industry, originally ran on March 31, 2023.


In the popular storyline perpetuated by the 1991 film, “Bugsy,” mobster Benjamin “Bugsy” Siegel is dramatically depicted as the visionary who created the Las Vegas Strip. However, the truth is far more interesting and complex, shedding light on the real pioneers of this iconic destination.

Las Vegas history
Image by Hansa1954 from Pixabay

Interestingly, Siegel did not establish the Flamingo Hotel, which is often credited as the first casino on the Strip. Instead, the first casino to occupy what we now refer to as the Strip was opened by Alice Morris in 1930, a story that remains largely unknown, especially outside of academic circles.

As UNLV history professor Michael Green stated, “The Las Vegas Strip has a founding mother, not a founding father.” In total, four casinos and two resorts predated the Flamingo on Highway 91, the main artery between Salt Lake City and Los Angeles.

The Real Pecking Order

Morris opened the Red Rooster, located on 12 acres encompassing what now houses The Mirage, on November 26, 1930. Initially a nightclub featuring dance marathons and live music, it attracted crowds long before gambling was legal.

Remarkably, Las Vegas prohibited gambling until March 19, 1931, when it was re-legalised by Governor Fred Balzar in a bid to bolster revenues during the Great Depression. Morris was determined to make the most of this opportunity. However, her lack of gambling expertise led her to seek assistance from a well-known mobster.

Mob Rules

Morris enlisted the help of Morris “Goldie” Goldsworth, an emerging figure in the Los Angeles gambling scene. Goldsworth would help establish Morris’ gambling operations, and on April 2, 1931, the Red Rooster became the first establishment on Highway 91 to obtain a gaming license under the newly implemented regulations.

However, the Red Rooster’s journey was riddled with challenges. It was the first casino to lose its gaming license due to a prohibition violation; alcohol sales were still illegal at this time. Even after being warned by authorities, Morris continued to serve drinks, leading to a raid on May 18, 1931, resulting in probation and a substantial fine.

Other Pre-Flamingo Strip Casinos

Other venues like the Pair O’ Dice, which also started as a nightclub in 1930, joined the casino rush shortly thereafter. The El Rancho Vegas, renowned for being the largest casino on Highway 91 with numerous slot machines and table games, launched in April 1941 and was a substantial step toward modern-day resort-style casinos.

Only later did the Flamingo Hotel open its doors on December 26, 1946, becoming the fifth casino and third resort on the Strip.

The Red Rooster’s Legacy

Despite losing its gaming license, the Red Rooster reinvented itself, obtaining a dance hall license in 1933, and continued operating through the end of Prohibition. After a brief closure due to a fire, it reopened the same year and remained popular throughout World War II.

Vaudeville
Image by 7854 from Pixabay

In 1947, vaudeville star Grace Hayes acquired the Red Rooster, transforming it into the Grace Hayes Lodge. The club thrived under her management, with luminaries like Howard Hughes frequently patronizing it.

The Evolution of the Strip

In recent years, the site of the Red Rooster has evolved significantly. Steve Wynn established The Mirage, which is set to see further changes with the planned addition of a striking guitar-shaped hotel tower, slated for demolition of the iconic volcano attraction.

Thus, the history of the Las Vegas Strip is a tapestry woven from the legacies of both men and women, with Alice Morris and Grace Hayes playing pivotal roles in its development.

Next time you visit the Strip, remember that its roots extend far beyond the glitzy facades and casino lights, rooted in stories of resilience and ambition.

For more insights into Vegas myths, visit Casino.org.

Casinos and Employee Benefits: How Rivers Casino and Rush Street Gaming Help with Student Debt Relief | 10BET

Casinos and Employee Benefits: How Rivers Casino and Rush Street Gaming Support Student Debt Relief

Chicago-based Rush Street Gaming is proud to assist its employees working at Rivers-branded casinos in Illinois, New York, Pennsylvania, and Virginia with their educational pursuits. The company has introduced new express employee benefits aimed at helping staff pay off their student loans without the burden of excess debt.

Employee Benefits Overview

  • Financial Assistance: Eligible full-time team members can receive up to $1,000 per year to help with student loan repayments.
  • Educational Support: Tuition assistance programs are available, allowing staff and their dependents to further their education.

In just the first week of the program, over 100 team members signed up for the student loan benefit, reflecting its immediate appeal and necessity for employees keen on reducing their educational debt.

Casino resort
Image by MichelleMaria_Pitzel from Pixabay

“Education is invaluable, but debt can be stressful,” said Dawn Reynolds Pettit, chief human resources officer. “We’re proud to help team members crush those college loans and achieve their financial goals sooner, investing in their future.”

As an employer known for offering innovative benefits, Rush Street Gaming values the growth and development of its workforce. The company runs five casinos: Rivers Casino Des Plaines (Illinois), Rivers Casino Philadelphia and Pittsburgh (Pennsylvania), Rivers Casino & Resort Schenectady (New York), and Rivers Casino Portsmouth (Virginia), employing approximately 6,000 team members across these venues.

New Scholarship Initiative

To complement the financial assistance program, Rush Street Gaming has launched the Bill Keena Scholarship, named after a retired chief operating officer. This scholarship provides financial support for team members and their dependents pursuing higher education at colleges or vocational schools. Notably, this initiative is designed to reflect the ongoing commitment to the staff’s personal and professional growth.

The Bill Keena Scholarship has an initial funding of $7 million and already supports more than 500 students. Recipients are eligible for up to $5,000 per year in tuition assistance.

  • Bill Keena Scholarship: Named in honour of a long-serving officer of Rush Street Gaming.
  • Tuition Assistance: Up to $5,000 available per year for employees and their dependents.
  • Table Games Dealer School: Offers additional skills training at no cost to employees.

Recognised as a Top Workplace

Rush Street Gaming consistently earns accolades as a “Best Place to Work” and a “Top Workplace.” This recognition results from their comprehensive benefits, including an employer-matching 401(K) program, affordable health insurance, competitive wages, and market-related salary increases. Moreover, nearly half of their workforce consists of minorities, with diverse representation across various roles.

Statistics and Facts

  • The scholarship program supports over 500 students already.
  • Initial funding for the scholarship totals $7 million.
  • Employees can claim $1,000 annually to assist with student loans.
  • Rush Street Gaming operates five locations, employing around 6,000 staff.
  • The company has been recognized for promoting a diverse workplace.

Conclusion

Through innovative financial support programs and scholarships, Rivers Casino and Rush Street Gaming demonstrate their commitment to investing in their employees. By easing the burden of student loan debt and promoting educational opportunities, they foster a supportive work environment that encourages personal and professional development.

Missouri Sports Betting Bidding Period Begins

Missouri Sports Betting Bidding Period Begins, Two Licenses Reserved for Fully Remote Books

Key Highlights: These points summarize the most important information regarding sports betting opportunities and strategies.

  • Missouri is fielding sports betting applications
  • Each casino can operate an online and physical sportsbook
  • Missourians authorized sports betting during the 2024 election

The Missouri Gaming Commission (MGC) has officially commenced its bidding period for online and retail sports betting licenses, approximately six months after state voters narrowly sanctioned this new gambling format.

Sports betting
Image by eGamingImagery from Pixabay

During the November 2024 election, Missourians passed Amendment 2 to legalise betting on professional and college sports by a margin of fewer than 3,000 votes. This change has amended the Missouri Constitution, permitting in-person and online sports betting for individuals aged 21 and older within the state.

The MGC has opened the application window for sports betting licenses today. Sportsbooks looking to secure one of the two fully online sportsbook concessions must submit their bids by July 15, 2025. The gaming regulator will review submissions and hear pitches from potential operators at a meeting on August 13, with license awards expected by August 15.

Applications for other retail and mobile sportsbook licenses must be submitted by September 12, with qualified applicants expected to receive permits starting December 1.

Uncertain Start Date

While the MGC has clarified the application process for sports betting, it has not specified when legal betting will commence.

According to Amendment 2, each of Missouri’s 13 casinos can pursue retail and online sports betting privileges, with each casino capable of operating two skins (or brands). The cost for physical sportsbook licenses is set at $250K and mobile licenses at $500K.

Missouri will impose a 10% tax on the gross revenue earned by oddsmakers, with funds directed toward public education for K-12 students. The initial $5 million per year raised in sports betting taxes will be allocated for the Missouri Compulsive Gambling Prevention Fund.

Major player Caesars Entertainment, operating three casinos in Missouri — Harrah’s North Kansas City, Horseshoe St. Louis, and Isle of Capri Boonville — spent approximately $14 million opposing Amendment 2, arguing against allowing remote sportsbooks without a physical investment in Missouri. Caesars is expected to bid for one of the two fully remote licenses with its Caesars Sportsbook to manage the mobile sportsbook competition effectively.

Other casino operators eligible to pursue online and retail sportsbook licenses include Affinity Interactive, Bally’s Corporation, Boyd Gaming, Century Casinos, and Penn Entertainment.

In 2024, Missouri’s casino revenue totaled $1.88 billion, reflecting a 2% decline year-over-year. Officials estimate that sports bettors in Missouri will wager over $3 billion annually, generating substantial revenue for oddsmakers.

Missouri Becomes the 39th Sports Betting State

Once legal sports betting is operational, Missouri will join the ranks as the 39th state to regulate sports betting. Missouri is bordered by eight other states — Iowa, Illinois, Kentucky, Tennessee, Arkansas, Oklahoma, Kansas, and Nebraska — all of which currently allow legal sports betting.

According to the American Gaming Association (AGA), sports bettors incurred losses totalling nearly $13.8 billion to sportsbooks in 2024. While 33 states regulate online sportsbooks, six states only permit in-person betting: Mississippi, Nebraska, New Mexico, North Dakota, South Dakota, and Washington.

Washington, DC, which offers retail and online sports betting, represents the nation’s 40th sports betting jurisdiction.

Conclusion

The opening of the bidding period for sports betting licenses in Missouri heralds a new era in the state’s gaming landscape, capitalising on the success of Amendment 2 and paving the way for exciting opportunities in both online and retail betting markets.

Missouri Officially Becomes 39th Legal Sports Betting State After Referendum Certified

Missouri Officially Becomes 39th Legal Sports Betting State After Referendum Certified

Missouri has officially joined the ranks of states legalising gambling on professional and college sports, marking a significant step in the expansion of legal sports betting across the U.S. After a month of anticipation, state election officials confirmed the certification of the 2024 sports betting ballot referendum.

sports betting
Image by bianca-stock-photos from Pixabay

The referendum question faced the voters during November’s election and achieved a nail-biting victory. Amendment 2 received 50.05% approval from the electorate, as confirmed by Missouri Secretary of State John Ashcroft.

A total of 2,954,343 votes were cast in the election, with 1,478,652 supporting legal sports gambling and 1,475,691 opposing it. The outcome was determined by fewer than 3,000 votes, showcasing the close nature of the decision-making process.

Implications for the Sports Betting Market

With the passage of Amendment 2, the state is set to welcome legal sportsbooks next year. Missouri will join seven of its eight neighbouring states in offering regulated sports betting services. These include:

  • Kansas
  • Nebraska
  • Iowa
  • Illinois
  • Kentucky
  • Tennessee
  • Arkansas

Notably, Nebraska only allows in-person betting, while Oklahoma remains the only neighbouring state that does not permit any form of sports betting.

Last month, voters also faced a proposal regarding the establishment of a Bally’s casino at the iconic Lake of the Ozarks. However, this proposal was significantly rejected.

A Vibrant Betting Market on the Horizon

As the 18th most populous state in the U.S., Missouri boasts roughly 6.2 million residents, many of whom are passionate followers of the local sports teams based in Kansas City and St. Louis. This sports betting push was accompanied by hefty financial investments, aimed at ensuring the state’s inclusion in the rapidly growing legal betting market.

In total, campaign financing for Amendment 2 reached approximately $55 million. Key stakeholders such as DraftKings and FanDuel contributed approximately $41 million, supporting the pro-sports betting campaign, while Caesars Entertainment expended about $14 million to combat it.

Caesars opposed the amendment, arguing that it would allow online sportsbooks to obtain mobile wagering licences without needing to make significant physical investments in Missouri. Caesars operates three casinos in the state: Harrah’s North Kansas City, Horseshoe St. Louis, and Isle of Capri Boonville.

Following the establishment of regulations by the Missouri Gaming Commission next year, Missouri’s 13 casinos will be able to apply for both retail and online sports betting licences. Noteworthy is the provision allowing stadiums and venues for professional sports to secure licenses, translating to increased accessibility for sports fans in Missouri.

The fees established for these five-year licenses aim to bolster the state’s financial input from this burgeoning market: online sportsbooks will be charged $500,000, while physical sportsbooks will face a fee of $250,000. The state expects to collect 10% of the net revenue generated through betting operations. Crucially, the first $5 million will be allocated to the state’s Compulsive Gambling Prevention Fund, whilst the remaining tax revenues will enhance funding for public education.

Future Revenue and Economic Implications

State financial officials project that Missouri will receive immediate revenues of $11.75 million from the new initiative following the issuance of licenses. This amount more than covers the state’s initial startup costs of $660,000 and estimated ongoing regulatory costs of $5.2 million annually.

As the implementation of sports betting rolls out, there is still considerable uncertainty regarding the actual tax revenue that sportsbooks will provide. Because Amendment 2 allows sportsbooks to deduct promotional credits of up to 25% from their monthly totals, estimations for potential revenue fluctuate significantly. The amendment suggests that the income could fall anywhere between $0 to $28.9 million annually.

Conclusion

Missouri’s entry into the sports betting realm not only signifies a shift in local gambling laws but also highlights a responsive approach to the evolving landscape of legal betting across the country. As the state prepares for the rollout of this new industry, it opens the door to potential economic benefits, job creation, and increased funding in state services. It remains to be seen how this will affect local communities and the state economy as a whole.

Bragg Q1 2025 Financial Report: 150% YoY Growth in US Online Casino Revenues

Bragg Q1 2025 Financial Report: 150% Year-Over-Year Growth in US Online Casino Revenues

  • 27% year-on-year revenue growth excluding Netherlands
  • Brazil launch in early 2025 a key takeaway
  • 62% YoY proprietary content revenue growth, reaching a record 15.5% of total revenue

Bragg Gaming Group has announced significant financial achievements for the first quarter of 2025, driven largely by the surging demand for premium content within the global online casino sector. The company reported a remarkable 150% increase in US revenue compared to the same period a year ago, a milestone fueled by its strategic emphasis on proprietary games that enhance the player experience at any top-tier online casino. This substantial growth is further supported by a successful expansion into lucrative new markets, including Brazil and the United States, solidifying Braggs position as a leader in the evolving digital gambling landscape.

iGaming market
Image by PublicDomainPictures from Pixabay

In total, Bragg reported a revenue of US$28.6 million for Q1 2025. CEO Matevž Mazij expressed excitement over the company’s performance, stating, “We are thrilled to be reporting a strong start to 2025, showcasing that we are executing on our strategy and promoting the metrics vital to shareholder value.”

$28.6 Million in Q1 Revenue

While growth rates were impressive overall, Mazij singled out the Netherlands as a particular challenge. Revenue from this market has seen a decline of 19% compared to Q1 2024 due to new regulatory restrictions, including deposit limits and increased taxes on gaming. However, excluding this setback, the company achieved a healthy 27% revenue growth year-on-year.

Other positive indicators in the earnings report include:

  • Gross profit margin climbing to 56%
  • Adjusted EBITDA rising by 19.7%
  • A staggering 63.5% year-over-year growth in cash generated from operations, totaling US$5 million

As proprietary content grows in popularity, it accounted for 15.5% of Bragg’s total revenue, a record achievement reflecting a 62% increase over the past year.

Caesars Entertainment Content Deal

During this quarter, Bragg also made significant strides in partnerships. They expanded their collaboration with Caesars Entertainment to include game development exclusivity and leasing technology that will enable Caesars to design proprietary online casino games for markets in Canada and the United States.

The very first game developed under this partnership, termed the Caesars Palace Signature Multihand Blackjack Surrender, was launched recently.

Bragg remains optimistic about future prospects, anticipating double-digit increases in revenue and adjusted EBITDA throughout 2025. The company has set its sights on potential opportunities, particularly the legalisation of online casinos in Ohio, as a new revenue stream.

Online Casino Booming

Market trends show a promising outlook, with the US online casino sector projected to grow from US$9.5 billion in 2025 to over US$75 billion at maturity. This trend reinforces Bragg’s commitment to capture this growth momentum as they continue to expand faster than the market.

As noted by Mazij, “The momentum for new states to embrace online casino regulations is building, and we are exceedingly positive about the opportunities this growth presents.”

In conclusion, Bragg Gaming Group’s first quarter financial results highlight a formidable commitment to growth and strategic market positioning within the evolving landscape of online gaming. With plans to exploit both innovation in proprietary content and expansion into emerging markets, Bragg is poised for a future brimming with potential.

Casino Expansion in North New Jersey: New Resolution Filed to Allow Gambling Outside Atlantic City

New Jersey Casino Expansion: Resolution Filed to Bring Slots and Table Games Beyond Atlantic City

  • A bill to initiate a referendum to allow casinos in North Jersey has been filed
  • The bill seeks to allow casinos at the Meadowlands and Monmouth Park racetracks
  • There will be much opposition to the casino expansion push

A proposed constitutional amendment filed in the Trenton capital aims to revolutionize the states gaming landscape by allowing gambling outside of Atlantic City. If this amendment passes, it will trigger a massive wave of casino expansion across New Jersey, paving the way for new gaming opportunities that could significantly impact and bolster the state’s economy.

Sports complex
Image by pasja1000 from Pixabay

Senate Concurrent Resolution No. 130 (SCR130) was filed by state Senators Vin Gopal (D-Monmouth) and Paul Sarlo (D-Bergen). These two Democrats represent regions where they intend to introduce slot machines and table games.

If SCR130 is passed by the New Jersey Legislature and greenlit by voters through a statewide ballot referendum, it would allow the Monmouth Park and Meadowlands racetracks, which currently host sportsbooks, to apply for casino licenses from the state’s Casino Control Commission.

SCR130 states, “It shall be lawful for the Legislature to authorize, by law, the specific kind, restrictions, and control of casino games to be conducted at the Meadowlands Racetrack and the Monmouth Park Racetrack and to license and tax such operations and equipment used in connection therewith.”

The proposed racetrack casinos would be taxed at the same rate as those in Atlantic City. Here’s how the gaming taxes would be allocated:

  • 45% for homeowners’ property tax reductions
  • 20% for special education funding
  • 10% for the state’s pension system
  • 10% for cost-of-living adjustments for state employees
  • 10% to promote tourism in Atlantic City
  • 5% for horsemen

As New York plans to issue three casino licenses for the New York City area by the end of the year, concerns are surfacing about the potential financial impact on Atlantic City, amplifying fears that casino taxes could decrease.

Path to Legalization

In New Jersey, constitutional amendments led by the legislature require a three-fifths majority in both chambers. Specifically, this means securing 24 votes in the Senate and 48 in the Assembly.

If this support is achieved, the ballot would be presented to voters during a statewide election. A simple majority could amend the New Jersey Constitution to allow casinos at Monmouth Park and the Meadowlands.

Currently, SCR130 is pending review by the Senate State Government, Wagering, Tourism & Historic Preservation Committee. However, it is worth noting that the proposal faces significant barriers, particularly from the established nine casinos in Atlantic City and local community organisations.

Atlantic County Democratic Chair Michael Suleiman has already expressed strong opposition to the resolution:

“The answer to New York’s casinos isn’t to unlock a floodgate for North Jersey casino proposals that cannibalize our own market while doing little to steer visitors away from New York… allowing casinos in North Jersey could lead to another four closures, devastating our regional economy and laying off thousands of workers. This isn’t a partisan issue — it’s a personal one for everyone who cares about New Jersey’s future. This constitutional amendment needs to be thrown in the trash where it belongs.”

Historical Context

Previously, Hard Rock International collaborated with Jeff Gural at Meadowlands Racetrack when they attempted to legalise North Jersey casinos back in 2015. Since then, Hard Rock has invested close to a billion dollars into Atlantic City, while also seeking one of the three downstate casino licenses in New York with billionaire Steve Cohen at Citi Field.

It remains uncertain whether Hard Rock will re-engage its interest in North Jersey. Nevertheless, as nine bids prepare for those anticipated downstate NYC casino opportunities, North Jersey could emerge as an attractive option for bidders who are unsuccessful in crossing the Hudson.

In summary, while the SCR130 resolution offers exciting new prospects for casino gambling in North Jersey, it encounters considerable opposition and obstacles. The outcome of ongoing legislative discussions and public sentiment will ultimately dictate whether these expansions materialise.