Gaming real estate investment trust (REIT) VICI Properties (NYSE:VICI) has a fan in New York Mets owner Steve Cohen.

Cohen’s hedge fund — Point72 Asset Management — bought 633,800 shares of the Caesars Palace owner in the first quarter, according to documents filed with the Securities and Exchange Commission (SEC). The move came as some other well-known professional investors liquidated stakes in the real estate company.

In a move that will completely alter the country’s landscape, Armenia has approved a ban on cash for all types of gambling. The move is an attempt to trace all transactions and reduce gambling harm.

The Parliament of Armenia is fulfilling its mission to clamp down on the gambling industry. It amended its laws on land-based gambling activity, online games, casinos and lotteries.

The amendment restricts

The Circus Circus lawsuit against American International Group Inc. (AIG) over COVID-19 insurance claims has been officially dismissed.

The US Court of Appeals for the Ninth Circuit in San Francisco in April ruled that AIG was not liable to compensate the Las Vegas Strip cas

Positivity is at a premium for DraftKings (NASDAQ:DKNG). But sentiment could be shifting for the better on the beleaguered gaming stock.

That’s according to Jefferies analyst David Katz, who came away from recent meetings with DraftKings senior management somewhat upbeat on the shares. He reiterates a “buy” rating and $33 price target on the stock — calls he revealed last week.

Politicians in Poland are hoping to force the country’s Ministry of Finance to change the tax structure for sports betting activity. They want a tax on gross gaming revenue (GGR) instead of on turnover.

Poland’s Ministry of Finance is analyzing the tax on sports and pari-mutuel betting in the context of a potential change in the tax base. Currently, operators p

Getting over the line

It appears that Chicago will soon have its first-ever casino after the City Council gave the Bally’s project its support. Following a 41-7 council vote on Wednesday in favor of the casino project proceeding, the final step is for the Illinois Gaming Board to approve the casino.

despite some alderpeople and local residents airing their concerns

The City Council ultimately voted in favor of the casino proposal despite some alderpeople and local residents airing their concerns. There was plenty of impassioned debate at the council meeting before the vote took place.

As your affiliate brand grows, you’ll probably notice that spammers start targeting your website. This is common in every niche, but even more so if you’re in the iGaming sector. Google has clamped down significantly on spam in recent years, and it shows no signs of slowing down in its quest. Not dealing with spam […]

The post The Latest on How Google Is Fighting Spam appeared first on CAP.

Arrested and indicted in a day

A professional poker player was arrested and indicted on the same day for his role in heading up a sports betting organization that allegedly duped victims out of tens of millions of dollars.

conspiracy to commit wire fraud, mail fraud and money laundering conspiracy

According to the US Attorney’s Office for the Eastern District of New York, (USAO-EDNY), Cory Zeidman was charged on Wednesday with conspiracy to commit wire fraud, mail fraud, and money laundering conspiracy. The charges are in relation to Zeidman’s predatory sports wagering racket operatin

In the United States and professional poker player Cory Zeidman (pictured) has reportedly been arrested on charges relating to an illicit sportsbetting scheme federal prosecutors are contending bilked victims out of more than $25 million. According to a report from ESPN.com, the 61-year-old winner of a bracelet at the 2012 edition of the World Series […]

Maltese live-dealer online casino games developer Evolution Gaming Limited has announced the launch of its latest innovation in the XXXtreme Lightning Roulette as ‘an extreme version’ of its Lightning Roulette predecessor. The pioneer used an official Wednesday press release to declare that the latest addition to its extensive Lightning-branded family of iGaming entertainment ‘combines live-dealer gaming with […]