Gambling Industry News

If you are looking for the latest gambling industry news and information then you are in the right page. We provide everything you need to know about the gaming industry that includes sportsbook pay per head industry headlines, casino news, and other aspects of the gambling industry.

In addition, we also publish casino and sportsbook reviews, tutorials, and more. Our mission is to provide relevant information that can help our visitors with their gambling goals. It doesn't matter whether they are players or bookies. We strive to be the top source of online gambling industry news.

The next time you need to know anything about the gambling industry, visit SportsbookSOS.com. Our articles can help you understand what's going on in the world of gambling worldwide.

Online Gambling Industry News You can Trust

New York Mobile Sports Betting to More Revenue than Cannabis

Details: Category: Gambling Industry; Created: Sunday, 09 May 2021 06:02

The legalization of New York mobile sports betting and cannabis will bring revenue additional revenue to the state. However, mobile sports betting will get more than 100 percent more taxes than recreational cannabis by 2025.

The New York budget for 2021 will be around $212 billion, which was ten percent higher than in 2020. The main driver of the budget growth is federal aid and new revenues from taxes. Also, it included the legalization of mobile sports betting and recreational cannabis. The new revenues will bring around $26.7 billion to the state.

New York Comptroller Thomas DiNapoli estimated that legal cannabis would bring around $20 million in taxes in 2021. On the other hand, mobile sports betting will earn $99 million, which is a difference of 395 percent.

New York Mobile Sports Betting to Bring More Revenue

Legal cannabis will be available in the state within 18 months. Thus, it isn't easy to compare it to mobile sports betting. Although people can be a bookie in three easy steps, they can't start a sportsbook in New York.

Write comment (0 Comments)

PricePerPlayer.com is Restructuring their Business with Lower Pay Per Head Prices

Details: Category: Gambling Industry; Created: Thursday, 29 April 2021 13:39

PricePerPlayer.com, the leading Sportsbook Pay Per Head provider in the industry is changing its price per player model. The typical model for a bookie Pay Per Head company is to charge a weekly fee for each active gambler. The price range for these services is usually from $3 to $25 per player. However, PricePerPlayer.com is Restructuring their Business with Lower Pay Per Head Prices per player.

How the company is changing from its typical price of $5 per player is by using a pricing chart. With the pricing chart, the cost will depend on the number of active players they have each week. The company is quick to point out that their new pricing system will not increase their already low prices. Instead, the new pricing system will only lower the price for their clients. Thus, the highest clients will pay is $5 per player and prices can go as low as $2 per player.

The new business model for the company aims to tie their profits directly with their clients. Their new motto is “Your Success is Our Success. Therefore, if a sportsbook or gambling operator does well, they want to share the profits with their clients. Meaning, the better a client does, the lower their operating cost will be when they use the PricePerPlayer.com Pay Per Head Services.

Write comment (0 Comments)

Chinese Casino Magnate Expands in Laos

Details: Category: Gambling Industry; Created: Sunday, 11 April 2021 09:40

Chinese casino magnate Zhao Wei wants to expand his businesses in Laos. Among his plans are tourism projects and other business ventures in various parts of the country. According to sportsbook pay per head reports, Zhao Wei visited the Saravan province and met with its governor.

Zhao Wei discussed the possibility of building an airport in the province. Also, he wants to invest in tourism and agricultural development projects. The casino magnate visited several locations near the border with Vietnam.

According to casino news, Zhao didn’t say if he will construct a casino in the area. He plans to plant commercial trees along the Vietnamese-Lao border. Zhao is the Kings Romans Group chairman with a 99-year lease over the Golden Triangle Special Economic Zone.

Chinese Casino Magnate Laos Expansion

The Golden Triangle Special Economic Zone is a tourism and gambling zone in a remote location. It is near the boards of Myanmar, Thailand, and Laos. Before his operations in Laos, Zhao used to have casinos in Mong LA and Macau. According to sportsbook reviews, the former is a rebel-controlled area in Myanmar popular among Chinese gamblers.

Write comment (0 Comments)

Governor Ducey Signed the Comprehensive Arizona Gaming Expansion

Details: Category: Gambling Industry; Created: Sunday, 25 April 2021 14:45

Governor Ducey signed into law the vast Arizona gaming expansion last April 15. Also, the state government amended the Tribal-State Gaming Compacts. As a result, sports betting, daily fantasy contests, and keno games became available on and off the tribal ground in the state.

The gambling expansion also made mobile lottery draw games legal in Arizona. According to sportsbook pay per head reports, the gambling expansion bill will take effect after the US Secretary of the Interior approves the Compact amendments and its publication in the Federal Register.

Senate Bill 1797 and House Bill 2772 allow sports wagering on Tribal grounds at tribal casinos. According to bookie resources, the bills allow bookies to accept wagers outside of Tribal lands. However, operators need to apply for sports betting licenses.

Comprehensive Arizona Gaming Expansion

Licensed operators will include the Tribes and sports franchises. The state will offer ten licenses to the Arizona pro sports team and ten licenses to Tribes. According to SportsbookSOS.com sources, The Phoenix Suns signed a deal with FanDuel to open a sports betting lounge at the Phoenix Suns Arena.

Write comment (0 Comments)

Online Sports Betting Blocked in Central New York

Details: Category: Gambling Industry; Created: Sunday, 04 April 2021 11:30

sports betting blocked in central new york A large portion of Central New York and western New York might be left out of the proposed online sports wagering initiative. There are talks that online sports betting would be blocked in Central New York because Native American tribes have exclusive gambling rights.

According to casino news reports, Governor Andrew Cuomo and state lawmakers discuss a deal that would allow online sports betting in the state. They think that revenue from the activity can help reduce the budget deficit.

However, there are concerns that the plan excluded areas where Native tribes have exclusive gambling rights. In Central New York, those areas are Chenango, Cayuga, Cortland, Lewis, Oneida, Madison, Onondaga, Herkimer, Otsego, and Oswego counties.

Blocked in Central New York

The Oneida Indian Nation has exclusive gambling rights in those counties as part of the 2013 deal with the state government. The compact included potential mobile sports betting. Also, the issue could affect western New York counties, such as Niagara, Cattaraugus, and Erie. That’s where the Seneca Nation has exclusive gambling rights. However, their compact with the state has different terms.

Write comment (0 Comments)

Pay per head it's always a great option

Details: Category: Gambling Industry; Created: Monday, 19 April 2021 15:37

Pay per head it's always a great option The sports betting world has expanded greatly in the last several years, with odds and lines seemingly available everywhere. Whether they’re websites or broadcast networks, they’ve taken wagering on sports into a mainstream direction. The startling development is just how quickly it has all changed.

Going back just five years, sports leagues and organizations were still trying to distance themselves from gambling. Even though Daily Fantasy Sports (DFS) had gained some momentum behind DraftKings and FanDuel, it wasn’t considered gambling. Because DFS doesn’t directly reward the outcome of games, matches or tournaments, it was in effect given a pass.

What DFS did was to introduce a large population of sports fans to online technology that makes it easy for players to make picks and track their results. They became familiar with the process that would become instrumental in using online sportsbooks.

Write comment (0 Comments)

Businesses Want to Increase Mobile Maryland Sports Betting Licenses

Details: Category: Gambling Industry; Created: Sunday, 28 March 2021 20:58

A House bill would create the framework of the sports betting market in Maryland. The Budget and Taxation Committee held a public session last Thursday and is a platform for people who want to open a sportsbook a sportsbook. Also, they want lawmakers to increase mobile Maryland sports betting licenses.

Female- and black-owned businesses dominated the public hearing. According to sportsbook pay per head reports, they want more opportunities for minority-owned companies. Also, they want to offer more mobile sports betting licenses.

Speaker of the House Adrienne A. Jones sponsored House Bill 940, and the lower chamber approved it earlier in the month. Jones stated that the bill would allow Maryland to level the playing field with its neighbors. Also, it would bring additional revenue for the state’s education initiatives.

Mobile Maryland Sports Betting Licenses

Jones said that her bill maximizes opportunities for minority-owned businesses. They can participate as licensees or equity owners. Also, Eric G. Luedtke, House Majority Leader, said that the legislation would create a new Sports Wagering Application Review Commission. According to SportsbookSOS.com sources, the commission would come up with a bidding process to prevent industry disparities.

Write comment (0 Comments)