Online Sports Betting Firms Agree with Gaming Tribes in California

The two main groups that were at odds over the issue two years ago—the powerful gaming tribes of California and the online sports betting companies like DraftKings and FanDuel—are now fighting a common enemy: the so-called gray market "sweepstakes" gambling sites. Both sides claim these sites reduce profits and undermine legal gaming operations nationwide.

A prominent figure in the tribal gaming community of California, Victor Rocha co-hosts the Tribal Gaming Association webcast The New Normal, where Jeremy Kudon, president of the Sports Betting Alliance, who represents DraftKings, FanDuel, BetMGM, and Fanatics, discussed the matter.

After spending hundreds of millions of dollars on unsuccessful measures 26 and 27 in 2022, hostilities between online gambling businesses and California gaming tribes have gradually softened, with Kudon's emergence being the most recent indicator.

BetMGM Gets Approval to Link New Jersey and Michigan Poker Players Online

The Michigan regulatory body has approved Linking BetMGM's online poker players with those in New Jersey who utilize the iGaming platform.

There has been an integration between the BetMGM online poker rooms in New Jersey and the Michigan online poker sites. BetMGM may now join the ranks of Michigan's other two iGaming platforms, which provide cross-state player sharing.

On Wednesday, the MGCB stated that it had authorized BetMGM to combine its Michigan and New Jersey online poker sites. Online poker games in both states may now be played lawfully on a broader scale, providing participants with a more exciting and competitive experience.

Teams Interested in Trading for Panthers Bryce Young

Even though Carolina Panthers coach Dave Canales has stated that the team has no plans to sell quarterback Bryce Young—the former No. 1 overall pick—ESPN reports that other teams have shown interest in trading for Young.

League sources have revealed that several clubs have approached the Panthers about trading for Young and that other teams have discussed the possibility internally.

According to football betting picks experts, the Panthers have denied any intention of trading Young. Still, league insiders say a trade involving the second-year quarterback is inevitable, and it will probably happen over the summer.

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Stretch Network Launches World Poker League

In 2024, poker will be defined by the worldwide network event Stretch Network introduced: the World Poker League (WPL). The three-season tournament will begin on September 20 and end on December 22, with a two-week break between each season to give participants a respite.

With a grand prize of €2 million, the WPL marks a watershed event for Stretch Network. Main Events with prize pools of €50,000, €100,000, and €150,000, respectively, are scheduled for Omaha players. The prize pools for these events are €5,000, €7,500, and €10,000, respectively.

The WPL will also launch a new High Roller tournament alongside these events. This tournament is ideal for high-stakes players since it has a €5,000 guaranteed prize pool and a €150 buy-in. Guaranteed prize pools of up to €25,000 will also be available in the daily highlight events.

NagaCorp to File an Impairment Charge on Stalled Russian Gambling Project

The Russian gaming project that NagaCorp is involved in, which is now halted due to the conflict in Ukraine, is expected to incur an impairment charge of about $100 million. As a result, the Cambodian casino operator's profitability might be negatively impacted.

According to the Hong Kong-listed casino operator, who announced on Monday night, the projected fee for its gaming and resort project in Vladivostok, located in the Russian Far East, is anticipated to range between $85 million to $95 million.

According to NagaCorp, the assessment is based on an independent revaluation. Depending on the finishing amount, the bottom line for the year's first half may be anywhere from a net profit of $3.1 million to a net loss of $6.9 million.

Thailand Competes with Macau with Casino Legalization

The potential $15.1 billion market in Thailand might be opened up by the initiative to legalize gambling, which would bring new dynamics to the gaming sector in the area. The CLSA analysts have concluded that the casino concessionaires in Macau face "more opportunities than threats" due to this noteworthy development.

The first entertainment complex in Thailand might open its doors by 2029, according to a 100-page study by analysts Jeffrey Kiang, Naphat Chantaraserekul, and Leo Pan. This bodes well for the country's budding gaming industry, which is expected to draw significant investment.

According to casino tutorials and news sites, the gambling business in Macau is projected to remain resilient despite the possible inflow of Chinese visitors. Chinese visitors represent a vital demographic in Thailand's post-COVID tourism rebound. This is due to the essential differences between the tourism offered in Macau and Thailand.