Author: OnlineGamblingDaily

C aesars Entertainment Inc., formerly known as Eldorado Resorts, Inc., reported on Thursday operating results for the second quarter ended June 30, 2020.   Net revenue for legacy Eldorado Resorts properties of $126.5 million, a decrease of 80.1% on a GAAP basis and 78.2% on a same-store basis versus the comparable prior-year period. Net loss of $100.0 million compared to net income of $18.9 million for the comparable prior-year period.Same-store Adjusted EBITDA for legacy Eldorado Resorts of negative $10.4 million versus positive $164.8 million for the comparable prior-year period. The company also announced recent highlights, including the completion of the Eldorado Resorts and…

Smartphones are definitely the most popular gambling devices today. Millions of people place wagers through their phones every day. Therefore, it seems as if smartphone gambling is poised to be the most popular way to make bets for years to come. But will people ever get tired of wagering through their phones and rely on other devices? It’s certainly possible when considering that technology is always changing. After all, virtual reality and holographic computing are becoming more notable. Are they popular enough to eventually supplant phones as the prime gambling devices, though? I’ll discuss this matter by looking at how…

he AGEM Index increased by 13.55 points in July 2020 to 420.86 points, a 3.3 percent gain from June 2020.  The stock price for Aristocrat Leisure Limited (ASX: ALL) increased by 2.7 percent, accounting for a 12.43-point improvement in the AGEM Index, while Scientific Games Corporation (SGMS) experienced a 13.7 percent stock price jump that led to an index contribution of 3.79 points.All three major U.S. stock indices increased as the Dow Jones Industrial Average grew by 2.4 percent and the S&P 500 grew by 5.5 percent. Meanwhile, the NASDAQ grew by 6.8 percent compared to June 2020.The AGEM IndexThe…

C elebrating its 35th year in business as licensed casino junket reps, Cotler VIP Tours —known publicly as VIP Gambling Tours— announced its expansion into interactive gaming with the launch of its US sportsbook affiliate brand ThePropsNetwork.com. The brand debuted in January with licensing in Pennsylvania and New Jersey and has since expanded into West Virginia, Indiana and Iowa. The sports and gambling focused media brand has survived the casino shutdowns with original produced shows, podcasts, and a landmark venture into live professional sports productions. “Our goal in launching ThePropsNetwork.com has been to make the enjoyable experiences we create for…

The International Gaming Institute released “The Big Questions: Sports Wagering in America” T he University of Nevada, Las Vegas (UNLV) International Gaming Institute (IGI) has published a report aimed at informing US states decisions as they determine their own sports wagering policies.  The 33-page assessment, “The Big Questions: Sports Wagering in America,” poses and answers a broad range of questions faced by legislators and regulators. These include: Can sports wagering be legalized and regulated with integrity?  What are the youth gambling impacts?  In jurisdictions where sports wagering and/or online gambling is not legalized, what happens in the illegal marketplace?  Overall,…

It secured the right to buy and own a sportsbook and casino from Strategic Gaming Management Z enSports’ peer-to-peer sports betting product, which has focused entirely on the international market since launching in March 2019, has taken its first step towards getting licensed in the United States.  Through a deal inked with Strategic Gaming Management, ZenSports has acquired an option to purchase the Big Wheel Casino located in Lovelock, Nevada, with an additional option to operate the sportsbook at Baldini’s Sports Casino in Reno, Nevada. Both of these agreements will give ZenSports the physical presence required by the Nevada Gaming Control Board to operate its…

T he Nevada Gaming Control Board filed a complaint Monday alleging north Strip property Sahara had breached the state’s coronavirus-related policies. The complaint says that on July 23, the casino-hotel in Las Vegas allowed a trade show organization to hold a 135-person luncheon, and action that violates Gov. Steve Sisolak’s directive of gatherings no more than 50 people. The board received information on the luncheon held in the Congo Conference Room a week after it took place, FOX 5 reports. A member of the board spoke with Sahara’s Vice President of Hotel Sales who said he was given the go-ahead…

You may have dreams of becoming a successful gambler one day. After all, professional poker players, sports bettors, and card counters can make lots of money. But becoming a professional gambler is certainly no easy task. You not only need the skills to make consistent profits, but also overcome life‘s many challenges. The latter can be even harder than mastering sports betting or poker strategy. After all, life has a funny way of making it difficult to accomplish any worthwhile ambition. Below, I’m going to discuss various obstacles that can make it harder to become a pro gambler. I’ll also…

Teams Runline Moneyline Total Yankess -1.5 (-105) -150 Over 9 (-125) Phillies +1.5 (-115) +140 Under 9 (+105) The New York Yankees and Philadelphia Phillies were originally supposed to play last week, but postponements mean they’re set to play their fourth game against one another in the span of three days tonight. The two teams split their doubleheader on Wednesday, with the Phillies taking Game 1 and the Yankees bouncing back in Game 2. Thursday’s series finale pits a pair of young arms against one another. Left-hander Jordan Montgomery will make his second start of the young season for the…

On Saturday, August 8th, the UFC will be live from its APEX venue in Las Vegas for UFC on ESPN+ 32: Lewis vs Oleinik. This event is also known as UFC Vegas 6 and UFC Fight Night 174. It features a top ranked heavyweight battle between Derrick Lewis and Aleksei Oleinik. The main card consists of five bouts including a co-featured bout between Omari Akhmedov and Chris Weidman. This portion of the event is set to begin at 9PM ET on ESPN+. A seven fight preliminary card will begin at 6PM ET. UFC betting sites have released a full slate…

What do I mean when I say that craps has a split personality? I’m referring to two different things, actually. The first is the playing environment. Most of the time, craps is exciting and streaky. It’s one of the more volatile games in the casino. You can have multiple craps bets “working” at the same time, all of which can lose with a single roll of the dice. The second is the nature of the bets. Craps features some of the best bets in the casino, and the simplest craps bets are the ones offering the best odds. But craps…

D.C. residents are welcoming a brand new venture as the region’s first official sportsbook has set up at the Capital One Arena. The William Hill sportsbook is the first one located in a professional level stadium or sports arena, making it an even bigger draw. With so many professional sports being back to live action, William Hill wanted to make the most of the excitement by opening up for wagers as the NBA, MLB, and NHL have all restarted their seasons. A Temporary Sportsbook Office Was Set-Up In order to make sure that they were able to open in time…

He’s tipped be England’s next best thing, but Birmingham’s teenage sensation Jude Bellingham has opted to move outside his comfort zone from next season onwards to join German giants Borussia Dortmund. Bellingham has followed in the footsteps of several bright young English stars in recent years in opting to continue his career development abroad. While English players playing abroad used to be a rarity confined to big-name stars – think back to Beckham and Owen at Real Madrid – it now seems more and more of Generation Z want to escape Premier League academies and try their luck on the…

Who wins this season’s Champions League? Elite European football is finally back as the Champions League returns on Friday night. With at least three of the ties still looking too close to call, it’s set to be a dramatic week on the continent – and you can follow the conclusion of this year’s tournament with Marathonbet’s 0% margin* offer on the Champions League this summer. As the competition heats up, we’ve picked out our best Champions League betting picks for all four of this week’s Round of 16 ties… Champions League Betting Preview & Best Bets 7th August 2020, 20:00…

There’s a belter of an eight-race card to enjoy from Bath today as our racing tips head down to Somerset. It’s another busy day on the turf across the UK and Ireland, with meetings also taking place at Leopardstown, Ripon and Stratford. Here are today’s three picks… Racing Tips – 6th August – Bath Racing Tips 14:10 – Vedute – 6/5 >>> Looks the clear class act in this company despite question marks over temperament. If he’s on song today, a debut win looks in sight. 15:40 – Port Noir – 5/2 >>> Reliable performer looks to be hitting form…

P enn National Gaming on Thursday reported financial results for the three and six months ended June 30. For the second quarter, the company generated revenues of $305.5 million and Adjusted EBITDAR of $24.5 million, with a net loss of $214.4 million. Revenues for reopened properties through June 30 decreased 6% compared to the prior year period, while adjusted property EBITDAR at reopened properties increased 33% and its margins for them expanded by over 1,300 basis points year-over-year. Penn National ended the quarter with over $1.2 billion of cash. Penn National has reopened all but two of its casino properties…