Live! Casino Owner Opposes Online Sports Betting Regulation

live!-Casino
June 18, 2019

David Cordish, the chairman of the Cordish Corporation and the owner of Live! Casino, one of Maryland’s leading revenue generators has recently shared his stance on the ongoing plans for the legalization and regulation of online and mobile sports betting. Speaking at a gaming conference that was held in Atlantic City, New Jersey last week, the casino mogul, said that Maryland should only consider the approval of retail, on-site sports betting and leave out online or mobile sports betting. According to Mr. Cordish, lawmakers in Maryland should craft laws that will “drive people to facilities for sports betting” while saying… Read More

Playtech Earnings to Take a Hit Due to Tax Hikes in Italy

playtech
December 25, 2018

2018 has been a rather torrid year for renowned gambling firm, Playtech (PTEC) and it looks like 2019 might turn out to be an even worse period for the company. This news comes in the wake of a recent announcement by the company where they revealed that a hefty impact on their 2019 profits thanks to new gambling tax hikes in Italy. The company said that it expects its 2019 adjusted EBITDA to fall by about $22.7 million after the Italian Senate passed the government’s 2019 budget which includes legislation to increase taxes on various types of gambling activities. The… Read More