James Chittick

A New York-based hedge fund has sent stock prices flying after announcing a Bally’s takeover. Standard General announced an offer to acquire the remainder of Rhode Island-based gaming and sports betting corporation Bally’s for $15 a share, sending stock prices up by 25%. The hedge fund already owns 25% of Bally’s, but has now delivered …

FanDuel is set to take over both Washington D.C. sports betting and the district’s lottery. The district’s Office of Lottery and Gaming (OLG) announced that FanDuel will be the new sports wagering subcontractor of Intralot, the OLG’s lottery and sports wagering system vendor. This news comes after continued arguments between the OLG and D.C City …

 A new Alabama lottery bill has been advanced by the Senate after several changes to the proposed legislation. The bill will now return to the house, and if passed will allow a state lottery and electronic wagering machines at several locations across the state. Having already seen a previous version pass, the House of Representatives …

New York mobile sports betting revenue fell by 37.9% in February, a drop off of around $80 million compared with January’s numbers. Having posted $211.5 million in the first month of 2024, February’s revenue dropped to $131.4 million. Handle in the Empire State fell below $2 billion for the second month in a row, having …

Last week, House Bill 2835 was introduced by Rep. Crystal Quade and seeks to legalize both Missouri sports betting and slots in the state. Missouri is one of several states that are trying to legalize sports betting. In neighboring states, the practice has already been legal for some time. Arkansas, Tennessee, Kentucky, Illinois, Iowa, Nebraska …