Colorado voters pass sports betting tax redirection bill
Colorado, a western U.S. state, reported the passing of Proposition JJ with 79% of voters' approval to redirect all tax revenue from sports betting to essential water...
Bally’s Chairman proposes legalizing live casinos in the US
An American gambling, betting, and interactive entertainment company, Bally’s Corporation’s Chairman proposes legalizing live casinos in the US without the inclusion of slots or other random number generator games.
While the success of sports gambling legalization in the U.S. has been noticeable, live casinos still stay behind, with most states remaining undecided on legalizing them. The biggest contributor to the gambling sector, live dealer table games can serve as a step toward legalizing live casino offerings in the United States.
When compared to slots, which are often associated with addiction risks, live dealer games are less controversial, and instead of worrying about the problems surrounding online slots, Soo Kim proposes focusing on a product that can generate immediate growth for the industry and state budgets.
Live casinos’ performance in the US
Only in 2022, New Jersey generated $249.4 million from live casino operations, highlighting the sector’s financial benefits. Soo Kim’s proposal can reshape the path to live casino legalization by addressing concerns around responsible gambling while offering clear economic advantages for states.
Although the idea of legalizing live casino games without any integration is not new, it is gaining momentum now.
Bally’s reports 0.4% decline in Q3 revenues
An American gambling, betting, and interactive entertainment company, Bally’s Corporation shared its Q3 revenues of $630 million, highlighting a slight decline of 0.4%.
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