6744 stories by Devin O'Connor
IRS Commissioner Says Increase to Slot Tax Threshold ‘Under Serious Consideration’
The top official at the Internal Revenue Service (IRS) has lent his support to raising how much a slots gambler can win before a casino must issue the player a W-2G filing form to report the winnings as taxable income. Under the...
New Jersey Judge to Issue Casino Smoking Decision ‘Quickly’
A New Jersey Superior Court judge on Monday pledged to work "as quickly as possible" in reaching a ruling regarding a lawsuit brought by the United Auto Workers (UAW) and a grassroots coalition of Atlantic City casino workers challenging the state's permittance...
MGM National Harbor Fatal Shooting Suspect Remains at Large, Police Seek Tips
MGM National Harbor, near the nation's capital, was the site of a fatal shooting over the weekend. Police in Maryland continue to search for a suspect. It's business as usual Monday at MGM National Harbor in Oxon Hill, Md., despite the integrated...
U.S. Government Agency Proposes Banning Political Betting Exchanges
A United States government agency has proposed amending its rules to outlaw wagering on political outcomes on controversial betting exchanges. Political betting via regulated sportsbooks, commonplace in the UK and throughout Europe, remains prohibited everywhere in the US. But wagering exchanges, which...
Macau Casino Stocks Climb After China Adds Cities to Individual Visit Scheme Program
Shares of Macau casino stocks are up during early trading on Monday after China announced the inclusion of eight additional cities to its Individual Visit Scheme (IVS) program. The State Council of the People's Republic of China announced on Saturday that eight...
Alabama Gaming Expansion Compromise Dead by a Single Vote, Gov. Ivey Upset
Alabama gaming expansion will remain on hold for at least another year after a compromise reached by a special legislative committee stalled in the state Senate by a single vote. History has repeated itself in nearly every legislative session in the Montgomery...
PGA Championship First Major to Score Sports Betting Partnership Via ESPN Bet
The PGA Championship is the first of golf's four majors to announce a sports betting partnership with a sportsbook operator. The PGA of America and Penn Entertainment, the latter being the parent company to Penn Interactive and ESPN Bet, on Tuesday announced...
Monmouth Park Breaks Ground on Trackside Caesars Sportsbook
Monmouth Park Racetrack held a ceremonial groundbreaking of its trackside Caesars Sportsbook on Tuesday, a 16,000-square-foot facility that will include a Shake Shack full-service restaurant and wall-to-wall television screens displaying all of the day's sports action. Monmouth Park was home to the...
Ocean Casino in Atlantic City Launches Helicopter Service to New York City
Ocean Casino Resort announced the liftoff of its newest amenity on Tuesday -- direct helicopter service to and from New York City's Manhattan to the Atlantic City beachfront property. Ocean installed a helipad atop its parking garage last year. Casino reps say...
2023 Sports Betting State Tax Revenue Jumps 35 Percent to Nearly $2.5B
The 38 states and the District of Columbia where sports betting is legal and operational saw their respective tax benefits increase greatly last year. According to an analysis compiled by LendingTree, an online lending marketplace and personal financial website, state taxes from...
