iGaming Industry Growth – iGaming, Not Casinos, Powering Industry Growth, Says Analyst

December 11, 2025/in Blog/by admin

iGaming, Not Casinos, Powering Industry Growth, Says Analyst

As the digital landscape continues to evolve, the core of the gaming industry’s expansion is found in the rapid rise of iGaming. As the digital landscape continues to evolve, the core of the gaming industrys expansion is found in the rapid rise of iGaming, where internet casinos have become the primary engine for global growth.

Recent updates from BetMGM and Caesars Digital confirm as much

Second-quarter earnings reports from Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM) revealed expected softness on the Las Vegas Strip, with further challenges anticipated for the current quarter. In contrast, developments in iGaming paint a much brighter picture.

iGaming Growth Trends — The Las Vegas Strip at night. An analyst indicated that weakness there is overshadowing strengths in operators’ iGaming units. (Image: Shutterstock)

However, as noted by Jefferies analyst David Katz, operators face a dilemma when it comes to pleasing investors through digital growth. Market participants are not giving praise to interactive improvements unless all segments of the business are performing robustly.

David Katz noted, “Near-term concerns regarding weakness on the Las Vegas Strip and, in the case of CZR, regional negative productivity, are overshadowing digital acceleration. If estimates are finally low enough in land-based operations, the digital sector can earn credit in our view.”

For MGM and Caesars, luring investors to focus more on digital growth will be a challenge in the short term since both are the largest operators on the Las Vegas Strip, a segment currently grappling with diminished visitor numbers.

Mounting Signs of iGaming Acceleration

Despite the slower land-based market, there are overt signs of growth in iGaming. Recently, BetMGM and Rush Street Interactive (NYSE: RSI) raised their 2025 revenue forecasts, while Caesars declared that their interactive division just experienced one of its most successful quarters to date.

Among these three companies, only Rush Street Interactive serves solely as an internet gaming entity, which affirms the theory that investors may not be fully recognizing the significance of Caesars’ and MGM’s digital operations, as their legacy land-based casinos remain central to their business models.

The scenario is possibly more acute for MGM since it only owns half of BetMGM, with the other half held by UK-based Entain. On the other hand, Caesars has voiced continual concerns that their online business prowess isn’t accurately depicted in their stock prices, with some speculation surrounding the idea that they might spin off that segment to enhance shareholder value.

Katz remarked that even though BetMGM and MGM China’s second-quarter results were impressive, they were insufficient to counterbalance the weakness experienced in Las Vegas operations due to MGM’s partial ownership of these entities, including a 56% stake in the Macau unit.

Caesars Digital Trending in Right Direction

Currently, Caesars Digital is on a positive trajectory, approaching a $500 million annual run-rate for earnings before interest, taxes, depreciation, and amortization (EBITDA), according to Katz. Nevertheless, the operator will likely need to significantly improve its performance across its land-based operations to encourage investors to pay more attention to the online aspect of its business.

This was notably evident in the second quarter when weak performances in Caesars’ Las Vegas and regional markets overshadowed binary strengths in the digital segment.

“CZR has the assets to lead, but it needs to perform better. We concur with the prevailing view that current estimates are finally low enough and management is investing in market share,” Katz observed.

Key Takeaways

iGaming is experiencing robust growth compared to traditional casinos.
BetMGM and Caesars Digital have reported promising recent performance.
The Las Vegas Strip’s struggles contrast with the growth prospects of online gaming.
Investor focus is shifting towards digital growth as operators enhance their online offerings.
Success in the digital sector is increasingly tied to overall company performance.

In summary, while traditional casinos on the Vegas Strip are feeling the pinch of reduced visitation, the growth of iGaming is presenting new opportunities for operators willing to adapt. The challenge lies in balancing traditional operations with innovative digital strategies, ensuring stakeholders are focused on the right metrics moving forward.

Frequently Asked Questions

What is driving growth in the gaming industry?

iGaming is currently the main driver of growth, surpassing traditional casinos.

What did the earnings reports from Caesars and MGM indicate?

They highlighted softness on the Las Vegas Strip but strengths in their iGaming segments.

How are investors reacting to digital growth?

Investors remain cautious, focusing on overall business performance rather than digital successes.

Related guide: Play Now

Las Vegas Strip Betting Guide: How the New A’s Ballpark Impacts Casino Action | 10BET

December 10, 2025/in Blog/by admin

From Ballpark Wins to Casino Wins: The Ultimate Guide to Betting on the Las Vegas Strip

The Oakland Athletics are making waves with the announcement of their first minority investor, Aramark Sports + Entertainment. The Oakland Athletics, a major league baseball team, are making waves with the announcement of their first minority investor, Aramark Sports + Entertainment. This Philadelphia-based company, known for its role in food and hospitality, has taken a significant step toward supporting the team’s upcoming ballpark located on the iconic Las Vegas Strip.

Latest reports suggest that Aramark has invested a remarkable $100 million into the Athletics, in addition to contributing $75 million for capital expenditures. This partnership not only boosts the team financially but also emphasizes the importance of experiential hospitality within the stadium.

Aramark’s involvement was announced alongside their appointment of renowned restaurateur and best-selling author Will Guidara, who will oversee the culinary and hospitality programs at the new venue. This collaboration reflects A’s President Marc Badain’s assertion that “great hospitality should be at the heart of the fan experience.”

As the costs for the Las Vegas stadium escalate, the total investment is projected to reach $2 billion, significantly more than the original estimate of $1.5 billion. Team owner John Fisher, who has an estimated net worth of $2.9 billion, is seeking additional investors to cover the financial requirements, with aims to generate at least $550 million in A’s equity.

Fisher is reportedly still short $375 million of his investment goal.
Negotiations are underway with potential investors, including noted celebrities and former MLB players.

The A’s aim to start playing games in the new ballpark by the beginning of the 2028 MLB season. As the project progresses, the expectation is that this venue will tap into the creativity and energetic spirit of the Las Vegas community, ultimately transforming the fan experience.

In addition to the substantial financial backing, this partnership serves to cement Las Vegas as a growing hub for sports entertainment and hospitality.

Key Information:

Investor: Aramark Sports + Entertainment
Investment: $100 million + $75 million for capital expenditures
New Stadium Cost: Estimated at $2 billion
Projected Opening: Start of the 2028 MLB season

Overall, the partnership between the Athletics and Aramark is not merely a financial investment; it represents a vision to redefine stadium hospitality and create a destination that resonates with fans and the wider community.

Frequently Asked Questions

How does the new ballpark affect betting?

The new ballpark is expected to enhance the Las Vegas Strip as a sports betting destination.

What is the investment for the new stadium?

The stadium’s total investment is projected at $2 billion.

When is the ballpark expected to open?

The new stadium is targeted to open at the start of the 2028 MLB season.

Related guide: Play Now

NBA Over Under Betting – Mastering Over Under Betting: Why NBA Fans are Showing the Raptors Lots of Love | 10BET

December 10, 2025/in Blog/by admin

Mastering NBA Over Under Betting: Why Raptors Fans Are All In on the Totals

As the NBA season approaches, analysts are closely evaluating team strength, with the latest power rankings placing the Raptors at a lowly No. 24. As the NBA season approaches, analysts are closely evaluating team strength, with the latest power rankings placing the Raptors at a lowly No. 24. For those looking to capitalize on these projections, this low ranking makes them a prime candidate for over under betting, as fans weigh whether the team can exceed or fall short of their predicted season win total.

Raptors generating most bets (tickets and handle) in Overs at BetMGM (37.5)

When it comes to Over/Under betting for the upcoming NBA season, the Toronto Raptors are attracting considerable attention from bettors, despite their low ranking among teams.

Recent Trade Discussions

Last month, Kendrick Perkins and Bill Simmons had a high-profile disagreement after Perkins stated on ESPN that he predicted the Raptors could secure a Top 6 seed in the Eastern Conference this season. This came after the Raptors selected Collin Murray-Boyles first in the NBA draft last June.

“Do I take this samurai sword and jam it into my temple, or do I take this chainsaw and saw my leg off?” Simmons reacted on his podcast, clearly surprised by Perkins’ optimism about the team’s potential.

Perkins was not impressed by Simmons’ reaction and fired back, emphasizing his belief in the Raptors.

Raptors Power Rankings

In the latest NBA power rankings, the Raptors are sitting around 24th place. While some analysts see them as a potential playoff team in the East, many bettors are seeing something more optimistic. Stats from BetMGM indicate that the Raptors are generating the most bets on the Over option (37.5, at -120), with 97% of tickets betting on them to go Over, and they account for 99% of the handle.

Additionally, other teams attracting similar attention for the Over bets include the L.A. Clippers (48.5) and the San Antonio Spurs (43.5) in tickets, while the Charlotte Hornets (25.5) and Chicago Bulls (32.5) are highlighted in terms of handle.

Excitement Around Brandon Ingram

The enthusiasm among bettors regarding the Raptors may largely be attributed to the recent acquisition of Brandon Ingram, a 27-year-old NBA All-Star. Ingram was obtained in a trade from the New Orleans Pelicans last February and has since re-signed to a contract extension.

Despite not playing for the Raptors last season due to an ankle injury, he is expected to be fit for the upcoming season. Much of the excitement revolves around how Ingram fits into the Raptors’ system alongside other star players like Scottie Barnes. Ingram recently stated, “The Raptors are making the playoffs for sure.”

His career statistics reveal he has averaged 19.5 points, 5.2 rebounds, and 4.3 assists over 495 games with the Lakers and Pelicans.

The current Raptors’ depth chart has the following lineup:

Power Forward: Scottie Barnes
Small Forward: Brandon Ingram
Point Guard: Immanuel Quickley
Shooting Guard: R.J. Barrett
Centre: Jakob Poeltl

Betting enthusiasm for the Raptors is also influenced by various circumstances; for instance, teams like the Boston Celtics will be without Jayson Tatum (torn Achilles), while the Philadelphia 76ers are attempting to manage absences of Joel Embiid and Paul George, and even the Milwaukee Bucks will not have Damian Lillard due to his recent release.

In conclusion, while the Raptors may be sitting low on the power rankings, they are garnering considerable support from bettors who believe in their potential this NBA season.

Frequently Asked Questions

What is Over Under betting?

Over Under betting allows bettors to predict whether a team will exceed or fall short of a predicted total wins.

Why are Raptors attracting attention in betting?

The Raptors’ low rankings and recent player acquisitions are fueling optimism among bettors.

What makes this season significant for the Raptors?

Despite being ranked low, bettors are highly optimistic about the Raptors due to strategic acquisitions.

Related guide: Play Now

A’s Stadium Project Las Vegas – From Stadium Costs to Las Vegas Casinos: Why the $2 Billion A’s Project Impacts Local Gaming | 10BET

December 9, 2025/in Blog/by admin

From Stadium Costs to Jackpot Wins: How the $2 Billion A’s Project Shifts the Spotlight Toward Las Vegas Casinos

Athletics owner John Fisher has recently revealed a staggering financial reality that mirrors the massive capital investments seen throughout the city: the cost of constructing a new baseball stadium for the A’s is set to exceed $2 billion. Athletics owner John Fisher has recently revealed a staggering financial reality that mirrors the massive capital investments seen throughout the city: the cost of constructing a new baseball stadium for the A’s is set to exceed $2 billion. Much like the multi-billion dollar expansions of many Las Vegas casinos, the price tag for this project has ballooned significantly. Initially estimated at $1.5 billion back in May 2023, this figure was revised to $1.75 billion in March 2024, before climbing to the current estimate, highlighting the immense scale required to compete in the deserts high-stakes landscape.

Las Vegas Stadium Design — The A’s released this rendering of their future Las Vegas stadium in March. (Image: The Athletics)

This new 33,000-seat ballpark is expected to be more costly than the Allegiant Stadium, which was constructed for $1.9 billion. Interestingly, while this new stadium will have a smaller capacity than Allegiant Stadium, it represents a significant investment in Las Vegas’ sporting infrastructure.

Current Developments

John Fisher, speaking during an A’s home game in Sacramento, acknowledged the rising costs, stating, “The costs have gone up as more detail comes in. That’s fine.” However, he did not clarify how the large shortfall of $1.35 billion would be addressed. Current funding plans include:

$350 million in bonds from Clark County and the state.
$300 million construction loan from US Bank and Goldman Sachs.

Nonetheless, there remains significant uncertainty regarding the source of the remaining funds, with Fisher suggesting that additional expenses would be absorbed by the team directly.

Financial Backing and Support

While Fisher’s net worth is reportedly about $2.9 billion, which implies potential personal funding capability, he has been pursuing financial partnerships and investors willing to buy equity in the A’s, estimated at $2 billion. Unfortunately, no major investor announcements have come to light after more than a year of searching.

Challenges Ahead

It appears that escalating costs for construction materials—particularly steel and aluminium, which are subject to 50% tariffs—might hinder the budget further. Moreover, if built, this stadium could surpass all other non-gaming construction projects in Las Vegas’ history, already marked by the heavily debated Sphere that exceeded its original budget significantly.

Recently, the A’s submitted a security bond of $3.7 million as a performance agreement with Clark County. This bond ensures coverage for future decommissioning costs in cases where construction is halted for any reason.

Conclusion

As it stands, the future of the Oakland A’s stadium project in Las Vegas remains uncertain, with an ever-increasing budget and no confirmed source to cover it. Fans and observers are left to wonder whether the A’s will ever complete their plans to make Las Vegas their new home.

In conclusion, the projected growth of the stadium’s budget echoes the perennial challenges of large-scale sports projects, emphasizing the necessity for careful financial planning and transparent stakeholder communication in the world of major league sports.

Frequently Asked Questions

What is the estimated cost of the A’s stadium project?

The estimated cost of the A’s stadium project is over $2 billion.

How does this project impact local casinos?

The project impacts local casinos by potentially increasing competition and investment in Las Vegas.

Who is financing the A’s new stadium?

Funding includes bonds from Clark County and loans from financial institutions, among other sources.

Related guide: Play Now

LeBron James European Pro League – LeBron James’ Potential New European Pro League: How It Could Revolutionize Sports Betting | 10BET

December 9, 2025/in Blog/by admin

LeBron James Potential European Pro League: How It Could Revolutionize the World of Sports Betting

Media reports indicate James is exploring a partnership with Saudi investors to rival the NBA.
Proposed European league could feature 6 men’s teams and 6 women’s teams.

Media reports indicate James is exploring a partnership with Saudi investors to rival the NBA. As LeBron James gears up for his 23rd season with the Los Angeles Lakers, speculation is mounting that he may collaborate with Saudi investors to launch a new European pro basketball league. This ambitious move aims to create a genuine competitor to the NBA, a development that would fundamentally transform the landscape of international sports betting by providing fans with entirely new markets and high-stakes matchups to wager on.

Potential Impact on the Basketball Scene

James recently hinted at his intense training regime for the upcoming season, sharing updates on Instagram amidst significant offseason moves across the league, including Luka Dončić’s recent contract extension with the Lakers.

Lakers president Rob Pelinka expressed his desire for James to retire as a Laker, underlining the positive rapport between James and his agent, Rich Paul. However, the crux of current discussions seems to pivot towards James’s vision for his future beyond his playing career.

Backing from the Saudi Investment Fund

According to sources from the Sports Business Journal, many around the NBA speculate that LeBron and his business associate Maverick Carter are leading efforts to secure funding for the new European league, which is intended to rival the NBA’s own expansion plans in the continent.

This proposition is reportedly backed by the Saudi Investment Fund, the same entity that has made headlines in the sports world by backing LIV Golf, which aims to disrupt the PGA by attracting top athletes with lucrative contracts.

While James has expressed aspirations of owning an NBA team, NBA commissioner Adam Silver noted that there is no specific timeline for league expansion.

Details About the New League

The current narrative suggests that the European league might officially launch within two to three years, with reports indicating that franchise fees could exceed $500 million. Such a market entry could shift the dynamics of European basketball substantially.

Plans for the league include:

Six teams from both men’s and women’s divisions.
Games held in various global cities.
Aiming for a diverse and competitive league structure capable of attracting major talent.

One NBA executive voiced concerns that James’s potential involvement with Saudi funding could accelerate the European league’s establishment, viewing it as direct competition.

“LeBron won’t shy away from such an opportunity, especially if Saudi investors are willing to commit significant resources.”

Conclusion

LeBron James stands on the brink of potentially reshaping the landscape of professional basketball with his interest in pioneering a rival league that could draw considerable attention away from the NBA. With backing from substantial investors, we could see a new format of basketball competition that not only elevates the game in Europe but also offers unprecedented opportunities for players seeking to build their careers outside of traditional structures. As the landscape evolves, it will be fascinating to observe how this will impact athlete careers and the sport globally.

Frequently Asked Questions

What is LeBron James planning?

LeBron James is exploring the creation of a new European pro basketball league to rival the NBA.

Who is backing the new league?

The league is reportedly backed by Saudi investors through significant funding.

What is the expected structure of the league?

The league may include 6 men’s teams and 6 women’s teams, with a launch expected in 2-3 years.

Related guide: Play Now

Boyd Gaming FanDuel Stake Sale – How FanDuel Stake Sales Impact Regional Casinos: Boyd Bonds in Strong Shape | 10BET

December 8, 2025/in Blog/by admin

Boyds Strong Financial Position Sets the Stage for Expansion in Regional Casinos Following FanDuel Stake Sale

Boyd completed sale of 5% FanDuel to Flutter Entertainment last week
Analyst says portion of proceeds will be used to reduce debt, boosting allure of other Boyd corporate bonds

Boyd Gaming (NYSE: BYD) recently finalized the sale of its 5% stake in FanDuel to Flutter Entertainment (NYSE: FLUT), generating an impressive $1.758 billion. Boyd Gaming (NYSE: BYD) recently finalized the sale of its 5% stake in FanDuel to Flutter Entertainment (NYSE: FLUT), generating an impressive $1.758 billion. This substantial cash influx provides the company with significant capital to strengthen its core operations, particularly as it continues to compete and expand the influence of its various regional casinos. The windfall is primarily earmarked for debt reduction, a move that could significantly enhance the attractiveness of the company’s remaining corporate bonds while stabilizing its long-term position in the gaming market.

Boyd Gaming Properties — Boyd Gaming bonds look appealing on the company’s debt-reduction efforts and vibrancy in the Las Vegas locals segment. (Image: Boyd Gaming)

In a recent report, GimmeCredit analyst Kim Noland highlighted that after tax implications, Boyd could net around $1.4 billion from the sale. This capital influx is critical for reducing outstanding liabilities while also facilitating a return of capital to shareholders. Boyd is a leading buyer of its own shares within the gaming industry, substantially lowering its shares outstanding count.

Boyd’s strategic use of proceeds from the FanDuel sale to pay off debts, including amounts due under its revolver and term loan A, is expected to significantly improve lease-adjusted leverage; forecasts now suggest this might settle in the low 2x range following the transaction,” Noland comments.

Underlining the positive outlook, Boyd is expected to generate an estimated $450 million in cash flow, with corporate debts coming due in 2027, currently carrying a yield-to-worst of 5.1% and rated “outperform” based on current market trends.

Boyd Buffers Boost Case for Bonds

Boyd’s strong second-quarter performance and a 15% year-to-date stock price increase can largely be attributed to its minimal exposure to the Las Vegas Strip’s volatility.

Operating 10 gaming venues in Las Vegas, including Aliante, California, Cannery, Fremont, Gold Coast, Jokers Wild, Main Street Station, Sam’s Town, Suncoast, and The Orleans, Boyd offers a diversified portfolio. Additionally, they manage regional casinos across key states such as Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

This strategic mix allows Boyd to capitalise more on the steady Las Vegas local market, thereby reducing the reliance on the unpredictable Strip. Although customers from other regions may be cutting back on trips to high-profile destinations like Las Vegas, many still have the opportunity to visit local casinos within driving distance.

“Boyd’s geographically diverse regional casinos primarily cater to local clientele and are essential destinations for Las Vegas’ local patrons as well as regional players in the Midwest and South,” Noland further remarks. “Compared to destination resorts such as the Las Vegas Strip, Boyd’s regional locations have generally performed better, as gambling revenue has suffered due to a decrease in visitors from Asian, Canadian, and Mexican markets.”

Boyd Has Compelling Projects in the Pipeline

Boyd has plans for exciting developments, which should provide additional value to both creditors and shareholders. However, the capital investments involved in these projects suggest that capital spending will remain elevated over the next couple of years.

Noland concludes, “Boyd is working on several large projects, particularly a Virginia venue costing around $750 million, which will need approximately $150-$200 million this year, as well as Cadence Crossing, estimated at $100 million.” These efforts indicate that capital expenditure is likely to remain strong for the foreseeable future, showing a commitment to growth and development.

The Virginia project is in collaboration with the Pamunkey Indian Tribe and will offer a gaming venue in Norfolk, while Cadence Crossing is expected to be positioned in the suburban landscape of Las Vegas, capitalising on favourable demographic trends.

Summary

Boyd Gaming’s recent strategic sale of its FanDuel stake and plans for debt reduction highlight the company’s proactive measures to fortify its financial standing. With a strong foothold in the Las Vegas local market and an array of upcoming projects, investors have every reason to feel optimistic about Boyd’s future performance. This blend of operational strength and prudent financial practices not only boosts Boyd’s attractiveness to investors but also makes its bonds a compelling consideration.

Frequently Asked Questions

What did Boyd Gaming sell?

Boyd Gaming sold a 5% stake in FanDuel to Flutter Entertainment.

What will the proceeds be used for?

Proceeds will primarily be used to reduce debt and strengthen operations.

How does this sale affect Boyd’s financial position?

It significantly enhances Boyd Gaming’s capital position and makes its corporate bonds more attractive.

Related guide: Play Now

Penn Entertainment Compliance Committee – Strengthening Gaming Regulation: Penn Entertainment Appoints Veteran Regulator Ronnie Jones to Compliance Committee | 10BET

December 8, 2025/in Blog/by admin

Strengthening Gaming Regulation: Penn Entertainment Appoints Veteran Regulator Ronnie Jones to Compliance Committee

Penn Entertainment is excited to announce that it has appointed veteran gaming regulatory leader Ronnie Jones to strengthen its Compliance Committee for its gaming operations based in Pennsylvania. Key Points: Understanding the complexities of gaming regulation is essential for anyone navigating the modern casino landscape, as these legal frameworks dictate everything from operational licensing to player protection standards.

Ronnie Jones has joined Penn Entertainment.
Previously led the Louisiana Gaming Control Board.
Will serve on the Compliance Committee of the cinema operator.

Penn Entertainment is excited to announce that it has appointed veteran gaming regulatory leader Ronnie Jones to strengthen its Compliance Committee for its gaming operations based in Pennsylvania.

Ronnie Jones in Gaming Control Board — Ronnie Jones during his tenure at the Louisiana Gaming Control Board.

On Monday, the company shared the news regarding Jones’ appointment as an independent member of the board’s Compliance Committee, which is overseen by chair Thomas Auriemma, also an independent member. This strategic move reflects the company’s commitment to reinforce its compliance structure with seasoned professionals.

Jones has a rich history in regulatory affairs, having served as the chair of the Louisiana Gaming Control Board (LGCB) from 2013 until 2020. His impressive portfolio in public service spans over 45 years, including over 30 years with the Louisiana State Police.

“Ronnie is a well-respected leader in the regulated gaming space, and with his background and experience, we’re pleased to add him as an independent member of our Compliance Committee,” said Jay Snowden, CEO, and president of Penn Entertainment. “His extensive industry experience will be invaluable as we strive to maintain integrity and compliance in our operations.”

It’s noteworthy that Ronnie Jones should not be mistaken for Ronnie Johns, who succeeded the LGCB chairmanship from 2021 until June 2024.

Penn Entertainment has a significant footprint in the gaming industry, owning and operating over 43 gaming and racing properties across 20 states, including Louisiana. As of December 31, 2024, it managed nearly 2.5 million square feet of gaming space along with 41,725 slot machines, 1,166 table games, and 7,321 hotel rooms.

Jones’ Exit From LGCB: A Controversial Turn

Under his leadership, Jones played an instrumental role in regulating riverboat casinos and the legalization of video poker in Louisiana back in 1991. After being appointed chair in 2013 by then-Governor Bobby Jindal, Jones facilitated the inland relocation of casinos following hurricane-induced damages.

His excellence in the field was recognized in 2017 when he was awarded the title of North American Regulator of the Year by the International Masters of Gaming Law. However, his term was cut short in June 2020 when the state Senate did not reappoint him, a move attributed to political motivations.

The Advocate reported that state Senator Karen Carter Peterson was behind the efforts to dismiss Jones due to her own controversies surrounding gambling issues.

In 2019, Peterson, who admitted to being a gambling addict, faced public backlash for attempting to enter a casino despite being enrolled in a self-exclusion program. She later resigned in 2022 after being sentenced for embezzling funds from the Louisiana Democratic Party to cover her gambling debts.

Understanding Compliance Committees

As outlined in Jones’ LinkedIn profile, he has also been serving as a consultant for Entain’s Compliance Committee since January 2021, aligning his expertise with industry standards.

The Compliance Committee at Penn Entertainment is fundamental in ensuring that all company operations adhere to existing federal, state, and local regulations. As one of the most regulated sectors, the gaming industry faces hefty penalties for non-compliance, including potential license revocation.

The committee’s responsibilities also extend to advocating for responsible gaming, overseeing the company’s code of conduct, and handling legal matters effectively.

In conclusion, with the addition of Ronnie Jones, Penn Entertainment is making a clear statement about its commitment to integrity in the gaming industry. Through Jones’ rich experience and dedication, the company aims to maintain high standards of compliance across its expansive operations.

Frequently Asked Questions

Who has been appointed to the Compliance Committee?

Ronnie Jones has been appointed to strengthen the Compliance Committee at Penn Entertainment.

What is Ronnie Jones’s background?

Jones previously led the Louisiana Gaming Control Board and has over 45 years in regulatory affairs.

Why is compliance important in gaming?

Compliance ensures operations adhere to regulations, maintaining the integrity and safety of gaming venues.

Related guide: Play Now

Illinois Gambling License Revocation – Alleged Mob Connections Cost Diner Owner Illinois Gambling License

December 7, 2025/in Blog/by admin

Alleged Mob Connections Cost Diner Owner Illinois Gambling License

Diner owner allegedly tied to Chicago Outfit loses gambling license
Illegal gambling history revealed through old federal testimony
Were regulators at fault for overlooking mob-related red flags?

The owner of a Chicago diner has had his gambling license revoked by the Illinois Gaming Board (IGB). The owner of a Chicago diner has had his gambling license revoked by the Illinois Gaming Board (IGB). This decision was made after past business dealings with the Chicago Outfit and a long history of illegal gambling resurfaced.

Jeffrey Bertucci, owner of the Steak’n Egger diner located in Cicero, had been operating video gambling machines that were legally licensed by the IGB until the revocation.

The IGB made this decision after discovering Bertucci’s testimony from a 2010 trial involving Michael “Fat Mike” Sarno, a reputed leader of the Cicero crew linked with the Outfit.

Sarno was sentenced to 25 years in federal prison for racketeering related to illegal gambling operations and a 2003 bombing of a competitor’s business.

Federal Testimony

Bertucci’s testimony to a federal grand jury revealed that he operated illegal gambling machines at various diners in Cicero and central Chicago, receiving machines from an amusement company connected to notorious mob figure James “Little Jimmy” Marcello.

He also admitted to working with Casey Szaflarski, another operator described by prosecutors as a key player in the Mob’s video poker operations.

Bertucci operated these machines during a period when they were illegal under Illinois law. The state legalized video gambling in 2009, with machines coming into operation only in 2012.

When he applied for a license in 2018, Bertucci downplayed his illegal gambling past, framing it as youthful indiscretion. Although the IGB initially granted him a license, further investigation revealed the breadth of his illegal activities, far greater than he had disclosed.

License Would Have Been Denied

The IGB sought to revoke his license in February 2023, stating that if they had known about the full extent of Bertucci’s dealings prior to his license approval in 2019, it would have been denied.

Bertucci “failed to truthfully disclose the full extent and duration of his past involvement with illegal gambling,” including facilitating and enabling illegal gambling through amusement devices in businesses he owned.

His appeal allowed him to continue operations temporarily, generating over $200,000 in net income until the final decision was made.

This situation raises important questions about the IGB’s thoroughness in conducting due diligence during the licensing process, a vital task aimed at ensuring the Mob does not infiltrate legal gambling venues. Bertucci had previously been subpoenaed by a federal grand jury in 2004 to remove his gambling devices, which he did only to reinstall them in 2006.

Key Points to Consider:

The impact of past criminal ties on future licensing opportunities.
The importance of transparency in gambling operations and regulation.
Potential improvements needed in regulatory oversight of gambling licenses.

In conclusion, the case of Jeffrey Bertucci underscores the complexities and challenges faced by regulators in the gambling industry. The implications of his illegal history not only affected his diner’s operations but also raised broader questions about the integrity of the licensing process in Illinois.

Frequently Asked Questions

Why was the diner owner’s license revoked?

The license was revoked due to alleged ties to organized crime and illegal gambling operations.

What past dealings did the owner have?

The owner had past business dealings with the Chicago Outfit and has a history of illegal gambling.

What does this case highlight?

This case highlights the importance of thorough regulatory oversight in gambling licensing processes.

Related guide: Play Now

New Era of Casino Gaming: Live! Casino Virginia’s Temporary Facility and Dealer School Set to Launch

December 7, 2025/in Blog/by admin

Experience Next-Level Casino Gaming as Live! Casino Virginia’s Temporary Facility and Dealer School Prepare to Launch

Live! Casino Virginia is gearing up to transform the local landscape with the launch of a temporary facility by the end of this year, marking an electrifying leap forward for the future of casino gaming in Petersburg. This development, helmed by the Cordish Companies, serves as the initial phase of a massive $1.4 billion project designed to elevate the regional gaming industry and create a permanent workforce of around 500 employees.

Overview of the Project

Temporary Casino Launch: A temporary casino will be operational before year-end.
Dealer School Introduction: Richard Bland College will kick off its Dealer Institute next month to train new dealers.
Development Scale: The full project spans two phases, with the initial phase involving a $600 million hotel and casino complex.

Located in Petersburg, Live! Casino & Hotel Virginia signifies the first casino development in the city, creating a buzz among local job seekers and gaming enthusiasts alike. As the demand for trained table game dealers surges, this initiative is a timely response to the needs of the community.

Casino Experience — The webpage for the Richard Bland College Dealer Institute will train students for new opportunities in the growing gaming industry in Petersburg. (Image: Richard Bland College)

Dealer Institute Details

In collaboration with Richard Bland College, the Dealer Institute will commence classes on September 8. This innovative program is designed to produce qualified dealers for a booming job market.

Enrollees in the introductory course, which is free for the first 100 participants, are required to purchase a blackjack kit for $129. To qualify, participants need to meet the following criteria:

Must be at least 21 years old
Hold a high school diploma or GED
Pass a drug test
Obtain a gaming license via a background check

While graduation from the 12-week program does not guarantee employment, successful students can expect to start in entry-level positions earning between $50,000 and $60,000 annually, including tips. This makes the new dealer school an attractive opportunity for many.

Temporary Casino Construction Updates

The first phase of the $1.4 billion development includes plans for a 200-room hotel and a gaming floor equipped with:

1,600 slot machines
60 table games
A sportsbook
Eight restaurants
A pool complex
Fitness centre
Convention space
A 4,000-seat theatre

The permanent casino is projected to open in 2027, but a temporary operation will feature approximately 900 slots and 33 tables within a 75,000-square-foot facility.

Officials at Cordish Companies anticipate staffing needs of around 200 full-time dealers when the property officially opens its doors.

Growing Job Opportunities in Virginia

This dealer institute is not only preparing graduates for jobs at Live! Virginia, but also for employment at other casinos across the state, including:

Rivers Casino Portsmouth
Hard Rock Hotel & Casino Bristol
Caesars Virginia in Danville

Additionally, efforts are underway in Richmond to permit a casino in Northern Virginia, which aims to keep gaming revenue within the state rather than flowing to Maryland.

Virginia’s Casino Industry Expansion

The casino landscape in Virginia is poised for significant growth. Recently, the state reported record highs of $85.4 million in slot and table games revenue in May, reflecting the increasing popularity of legalized gaming in the state.

With a rapidly evolving market and two more casinos set to open, Virginia’s gaming industry is on an upward trajectory, promising more opportunities for local residents.

Summary

Live! Casino Virginia is not just an entertainment venue; it’s a burgeoning hub for job creation and workforce training. With its temporary casino set to launch soon and a dedicated dealer school starting in September, it offers exciting prospects for those looking to enter the gaming industry. As Virginia continues to expand its casino offerings, the local economy is likely to benefit significantly from this growth.

Frequently Asked Questions

When will the temporary casino open?

The temporary casino is set to open by the end of this year.

What are the job opportunities provided?

The temporary facility aims to create around 500 jobs in the local region.

What features will the permanent casino have?

The permanent casino will include a hotel, restaurants, and a large gaming floor.

Related guide: Play Now

Casino Partnerships – Casino Resort in Petersburg Invites Local Businesses for Strategic Partnerships

December 6, 2025/in Blog/by admin

Petersburg Casino Resort Invites Local Businesses to Form Strategic Partnerships

Petersburg Casino Resort Invites Local Businesses to Form Strategic Partnerships. The landscape of entertainment in Petersburg is about to undergo a massive transformation with the upcoming development of Live! Casino & Hotel Virginia. As construction progresses, this ambitious project promises to become the premier casino resort in the region, blending luxury accommodations with world-class gaming excitement.

The $600 million casino is anticipated to open in 2027
Cordish is actively seeking local business partners

The developers of the impressive $600 million Live! Casino & Hotel Virginia in Petersburg are on the lookout for local businesses to partner with as they move forward with this grand project.

Casino Resort Partnership — A conceptual rendering of the exterior of Live! Casino & Hotel Virginia in Petersburg. The forthcoming casino resort is seeking to partner with various local hospitality-focused enterprises and service providers.

Back in November, the residents of Petersburg voted overwhelmingly in favour of a proposal from Baltimore-based Cordish Companies to establish a resort casino in the Virginia city, located just around 25 miles south of Richmond. This ambitious plan has begun with the construction of a temporary 75,000-square-foot facility, designed to accommodate 900 slot machines and 33 live-dealer table games until the full-size resort opens in 2027.

Next Monday, an event named “Coffee & the Casino” will be organized by the Petersburg Area Regional Tourism (PART). This gathering aims to connect local hospitality-related businesses, including hotels, bed and breakfasts, entertainment venues, recreational sites, museums, restaurants, and art galleries. It will present an opportunity for these businesses to establish connections and collaborate.

This invitation-only event will also bring together representatives from Live! to exchange insights and explore potential synergies that could benefit everyone involved in the development process.

In addition, the Coffee & the Casino discussion will take place at the Petersburg Public Library located at 201 W. Washington St. Those interested can apply here.

Petersburg Casino Development

The gaming law enacted in Virginia in 2020 enabled local officials in several cities—including Bristol, Danville, Norfolk, Portsmouth, and Richmond—to propose casinos, select one to move forward, and subsequently seek voter approval. Consequently, only Richmond did not capitalize on its gaming license.

Following two unsuccessful attempts for a casino in Richmond, Virginia lawmakers decided to transfer the unallocated gaming concession to Petersburg, where support for gaming was evident. Cordish and Bruce Smith introduced a comprehensive $600 million casino resort plan, with an optional $800 million mixed-use expansion phase, which received an overwhelming 82% approval from voters in a local referendum.

Live! Casino & Hotel Virginia will be established close to Interstate 95 at Wagner Road. The final facility will feature:

1,600 gaming slots
61 table games
A sports betting area
A 200-room hotel
Eight restaurants
A pool complex and fitness centre
A convention centre
A theatre with seating for 4,000

Local Partnerships

Cordish and Bruce Smith have expressed a strong commitment to integrating into the Petersburg community while incorporating local businesses into their operations. The aspiration is to develop projects that not only achieve financial success but also positively impact the overall community.

“Our mission is to enhance our communities and create opportunities for job creation, workforce development, local purchasing programs, and philanthropy even before we officially open,” a Cordish representative stated. “We aim to include minority, women, and veteran-owned businesses, as well as local firms and emerging small enterprises in our operations.”

Recently, Cordish hosted a vendor fair where local businesses could pitch their products and services to be part of the Live! Casino & Hotel Virginia experience.

As this exciting development unfolds, the Petersburg community has a unique opportunity to engage with live entertainment, dining, and much more in the years to come.

**Summary:** The $600 million Live! Casino & Hotel Virginia is under construction in Petersburg and is actively seeking local business partnerships. Featuring numerous amenities, this casino project represents a significant development opportunity for the Petersburg community, with the potential to create jobs and foster local economic growth while delivering a vibrant entertainment destination.

Frequently Asked Questions

What is the purpose of the partnerships?

To integrate local businesses into the casino operations and foster community impact.

When will the casino open?

The full casino resort is anticipated to open in 2027.

What types of businesses can partner?

Any hospitality-focused enterprises and service providers in the local area.

Related guide: Play Now