Latest Gambling industry News

Oklahoma governor digs in on gambling showdown with tribes

Nov. 14, 2019 6:11 PM EST

OKLAHOMA CITY (AP) — Oklahoma’s new Republican governor doubled down Thursday on his position that the state’s gambling compacts with Indian tribes expire at the end of the year, setting up a potential legal showdown with some of the state’s most powerful entities. Gov. Kevin Stitt...

Another record month for sports betting in NJ: $487M in bets

Nov. 14, 2019 3:29 PM EST

ATLANTIC CITY, N.J. (AP) — New Jersey’s sports betting industry set another monthly record in October for the amount bet as gamblers plunked down close to a half-billion dollars while baseball’s playoffs and World Series, football, basketball and hockey were all on the betting board. Figures...

Lobbying by sitting Illinois lawmakers under scrutiny

Nov. 11, 2019 12:01 PM EST

SPRINGFIELD, Ill. (AP) — A federal bribery charge against an Illinois state legislator has led to questions about whether lawmakers should be allowed to lobby other units of government. The federal bribery charge last month against former Rep. Luis Arroyo laid bare the potential ethics tangle. Most states...

Dealing with GOP legislature next challenge for Beshear

Nov. 8, 2019 5:45 PM EST

FRANKFORT, Ky. (AP) — Preparing to assume the Kentucky governor's post after his election showdown with incumbent Matt Bevin, Democrat Andy Beshear faces perhaps an even bigger challenge ahead — dealing with a Republican-dominated legislature determined to set its own agenda. Although Bevin has...

Colorado voters narrowly approve legalized sports betting

Nov. 6, 2019 4:55 PM EST

DENVER (AP) — Colorado became the 19th U.S. state to legalize some form of sports betting as election officials tallied Wednesday a surprisingly close vote in which ballots for the measure narrowly surpassed "no" votes. More than 1.3 million Coloradans voted Tuesday on Proposition DD, a bipartisan ballot...

Kamala Harris gets coveted invite from powerful Nevada union

Nov. 4, 2019 5:34 PM EST

LAS VEGAS (AP) — Kamala Harris will be the first Democratic presidential candidate to hold a town hall with the powerful casino workers' Culinary Union in Las Vegas. The union's national affiliate Unite Here announced that the event with the California senator will be held Friday. The Culinary Workers...

Ponzi schemer 'King Perry' pleads guilty; had lived lavishly

Nov. 4, 2019 5:32 PM EST

SCRANTON, Pa. (AP) — The fraudster called himself "King Perry," and for a while he lived like royalty. Perry Santillo masterminded a long-running investment scam that collected more than $115 million from 1,000 investors around the country, using some of the proceeds to fund a lavish lifestyle of cars,...

Gambling firms see $7B to $8B sports betting market by 2025

Nov. 4, 2019 3:28 PM EST

NEW YORK (AP) — Investors and sports betting companies are running up the score when it comes to sports betting, predicting the fast-growing industry will be a $7 billion to $8 billion business in the U.S. within five years. But not all the many companies flocking to get in on the ground floor will make...

The Latest: Ponzi schemer 'King Perry' pleads guilty

Nov. 4, 2019 3:12 PM EST

SCRANTON, Pa. (AP) — The Latest on the case of a Ponzi mastermind dubbed "King Perry" (all times local): 3:10 p.m. The mastermind of a long-running Ponzi scheme that collected more than $100 million from investors around the country has pleaded guilty to a federal charge. Perry Santillo pleaded guilty...

Colorado to vote on sports betting, and water could benefit

Nov. 2, 2019 11:39 AM EDT

DENVER (AP) — Colorado residents will decide Tuesday whether to legalize sports betting and tax it to help conserve the state's most precious resource: water. Proposition DD, referred to the ballot by the Legislature, has bipartisan support from lawmakers and interest groups and only token opposition. It...