New York Casino Licensing Process Remains on Schedule, Other Reports ‘Wholly Inaccurate’

December 12, 2025/in Blog/by admin

New York Casino Licensing Process Update

Note: This article has been updated to clarify the misinformation regarding the potential delay in the award process for casino licensing in downstate NY, which was previously thought to be pushed back until January 2026.

New York casino licenses for the downstate region are to be issued before the year’s end.
A false report surfaced this week that a delay was possible.
Eight casino bids are currently vying for one of the three available licenses.

More than a decade after the establishment of coveted downstate casino licenses for New York City’s five boroughs, Long Island, and Westchester County, the time has come to award these permits. With the end of a 10-year moratorium on issuing these licenses now behind us, it appears likely that the three permits will be awarded within the year, despite recent speculation that delays could arise.

Image by andrebarreto from Pixabay

This week, a disclosure outlined that state Senator Joseph Addabbo (D), a long-time advocate for gaming in New York, had reportedly mentioned possible delays until 2026 for the licenses in an interview with an online gaming affiliate. However, subsequent confirmation from Addabbo’s office found the initial report to be inaccurate.

The New York Gaming Facility Location Board emphasized that the earlier report was “wholly inaccurate.” Following this clarification and retraction, the article has been amended accordingly.

The New York Gaming Facility Location Board is still on track to announce the winners for these licenses by December 1, 2025, with the full awards to be finalised by December 31, provided that each successful candidate pays a substantial fee of $500 million to the state. When quizzed on the timelines, a state representative confirmed this target by stating, “Yes, the Board is still on track for December 1.”

Before the five-member Gaming Facility Location Board can cast votes for the winning bids, each proposal is required to gain approval from a two-thirds majority from its respective Community Advisory Committee (CAC). Each of the eight CACs must complete their voting on the casino proposals by September 30.

Currently, there are eight contenders for the licenses, including:

The Avenir (11th Ave & 41st St., Manhattan)
Bally’s Bronx (Ferry Point, Bronx)
Caesars Palace Times Square (1515 Broadway, Manhattan)
The Coney (Coney Island, Brooklyn)
Freedom Plaza (686 1st Ave., Manhattan)
MGM Empire City (Empire City Casino, Yonkers)
Metropolitan Park (Willets Point, Queens)
Resorts World New York City (Aqueduct Racetrack, Queens)

This process arises from New York’s 2013 gambling legislation, which permitted the launch of four upstate casinos alongside three downstate licenses. This legislative move not only aimed to attract investments but also to invigorate the economic landscape of the state by allowing commercial slot machines and live dealer games exclusively in the upstate region for a decade as a means to bolster economic activity. Notably, the moratorium on downstate licenses concluded in February 2023.

State Licensing Timeline

The New York State Gaming Facility Location Board recently updated their website, which now outlines the eight bids received. The Board continues to uphold its intent to decide on the licenses by December 1, 2025, followed by the final licensing process by December 31, 2025.

In the midst of these developments, it is essential for interested stakeholders and the community to keep up to date with this evolving landscape of gaming licenses in New York. For anyone keen on learning more about the intricacies of gaming legislation or current projects, resources are available for deeper insights.

Summary: The New York Casino Licensing process is advancing as scheduled, with eight bids for three available licenses. Recent misinformation regarding delays has been clarified. Decisions are expected before the year concludes, marking a significant advancement in the state’s gaming landscape.

California Sports Betting Fields Robust Support, Referendum Challenges Remain

December 12, 2025/in Blog/by admin

California Sports Betting Fields Robust Support, Referendum Challenges Remain

Public support for sports betting is strong in California
California remains clear of legal sports gambling
Efforts to place a referendum on the 2026 ballot need to be expedited

Public support for sports betting in California is on the rise, as recent polling indicates a significant shift in voter sentiment. However, current legal landscapes pose challenges to implementing a regulatory framework for sports wagering in the state.

Image by LAWJR from Pixabay

According to a recent survey conducted by Politico and the Citrin Center-Possibility Lab, over 60% of likely voters in California are in favour of a statewide constitutional amendment that would permit sports betting. This represents a 15% increase from polls conducted in 2022, indicating a growing acceptance of this form of gambling.

The proponents of this initiative argue that California needs to provide its sports fans with a safe and regulated betting environment, which could also generate considerable tax revenue for the state. In contrast, around 40% of voters opposing the measure cite concerns over gambling addiction and its potential societal impact.

Notably, the survey also highlights a gender disparity in support; 64% of men support the initiative compared to 55% of women. The survey’s margin of error stands at 2.6%.

California’s Unique Position in the Sports Betting Market

Since the U.S. Supreme Court’s 2018 decision allowing states to regulate sports betting, more than 39 states and Washington, DC have legalised some form of gambling. California, with the largest population and economy in the U.S., remains an untapped market for sportsbooks, but its intricate gaming laws, often influenced by the state’s Native American tribes, complicate matters.

Previous Initiatives and Ongoing Challenges

In 2022, DraftKings and FanDuel spearheaded Proposition 27, which aimed to legalise online sports betting for individuals aged 21 and above. However, this proposition faced fierce opposition from California’s Native tribes, who felt the measure would undermine their sovereignty and give commercial operators an undue advantage. As a result, both Proposition 27 and its competing measure, Proposition 26, failed, marking the most costly referendum battle in California’s history at approximately $450 million.

Both companies have since acknowledged their missteps in engaging with the tribal community during these initiatives. DraftKings CEO Jason Robins remarked that building relationships with tribal leaders is essential for future success.

“I’m not going to sit here and say we don’t make mistakes. Having tribal relationships and partnerships is absolutely essential — there’s no other way to do it here,” said Robins at the Indian Gaming Tradeshow & Conference.

Looking Ahead: The 2026 Referendum

As California looks to future referendum opportunities, the window for placing measures on the 2026 ballot is narrowing. The state requires 874,641 signed voter petitions to put a referendum to public vote, and with the political clock ticking, there is an urgent need for crafting an inclusive and effective strategy that aligns with stakeholder interests.

The growing public support indicates a ripe environment for further dialogue about the potential for legal sports betting in California. As voter attitudes shift, it may only be a matter of time before a successful initiative emerges.

In conclusion, California’s path to legalised sports betting is marked by both vibrant interest and significant hurdles. The upcoming years will be crucial in determining how the state balances public demand with regulatory complexities.

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Illinois sports betting tax hike leading to black market risks

Illinois sports betting tax – Illinois Tax Hike Risks Driving Sports Betting Toward the Black Market, Warns SBA | 10BET

December 11, 2025/in Blog/by admin

The SBA has issued a sharp critique regarding the recent Illinois tax hike, warning that increased levies could inadvertently drive enthusiasts away from regulated platforms and toward the dangerous shadows of the black market. The SBA has issued a sharp critique regarding the recent Illinois tax hike, warning that increased levies could inadvertently drive enthusiasts away from regulated platforms and toward the dangerous shadows of the black market. As legal options become more expensive, the industry fears that the growing popularity of sports betting will be stifled, pushing consumers to seek out unregulated alternatives to avoid the rising costs associated with state-sanctioned wagering.

SBA Warns Illinois Tax Hike Could Drive Sports Betting Toward the Black Market

Sports Betting Alliance (SBA) criticises Illinois over recent tax hike on sports betting.
Claims it will push smaller bettors towards unregulated bookmakers.

The Sports Betting Alliance (SBA), representing operators of US sportsbooks, has condemned Illinois over its recent sports betting tax increase. They argue that the new per-bet levy on gaming firms will be a catalyst for smaller bettors to shift towards unregulated markets.

Image by besteonlinecasinos from Pixabay

In a statement from its Illinois chapter, the SBA rebuked the state for imposing a charge of 25 cents per bet on the first 20 million bets booked, which then increases to 50 cents for every bet thereafter—actions the group believes will negatively impact smaller bettors.

Data reveals that the state’s new per-wager tax will chiefly affect recreational bettors who place small amounts. With more than 50% of bets in Illinois under $5, this tax is likely to divert many residents to illegal, predatory sports betting markets.

This is of increasing concern to top consumer advocates including the Illinois Attorney General and the Better Business Bureau.

On a broader scale, members of the SBA include top entities like Bet365, BetMGM, DraftKings, Fanatics, and FanDuel.

SBA Raises Alarm Before Football Season

As the football season kicks off, the impact of Illinois’ tax environment intensifies, especially given that football ranks as the most wagered-on sport across the US.

In response to the recent tax rise, sportsbook operators in Illinois are reevaluating their practices, with some implementing per-bet fees or minimum bet requirements. These changes may further contribute to a migration of bettors to unregulated markets.

A growing number of companies are beginning to pass on the burden of the Illinois per-wager sports betting tax to customers. This transition will likely escalate the risks associated with the flourishing illegal online gaming market.

Last week, Caesars Sportsbook, alongside DraftKings, Fanatics, and FanDuel, began assessing per-bet fees in Illinois. Notably, BetMGM, Circa Sports, ESPN Bet, Hard Rock Bet, and Rush Street Interactive have introduced minimum bet requirements, albeit on smaller amounts, in response to the new tax.

Enduring Criticism

In the sports betting circles, organisations that have started implementing transaction fees, including the SBA, have encountered notable criticism. Observers argue that the SBA should have anticipated this latest tax increase as Illinois adopted a progressive tax scheme last year.

Governor J.B. Pritzker has sanctioned over 50 tax hikes since beginning his term in January 2019, making the state’s pursuit of additional revenue from the gaming industry unsurprising. Nonetheless, this trend has left the SBA feeling uneasy.

According to their statement, “Alongside Illinois’ graduated tax for 2024, the current per-wager tax places the burden of the highest taxes paid by legal sports betting customers in the country.” They caution that unregulated offshore operators are presenting more appealing betting options without the consumer protections mandated for legal venues, such as age verification and regulatory oversight.

Conclusion

The escalating costs tied to legal sports betting in Illinois, coupled with a lack of regulation for illegal markets, can only spell trouble for the state’s recreational bettors. As the sports betting landscape continues to evolve, it’s essential for authorities to consider the effects of taxation on consumer behaviour.

Frequently Asked Questions

What is the main concern of the SBA regarding the Illinois tax hike?

The SBA warns that increased taxes on sports betting in Illinois could drive bettors away from regulated platforms towards unregulated black markets.

How does the new tax specifically impact smaller bettors in Illinois?

The new per-wager tax disproportionately affects recreational bettors, as over 50% of bets in Illinois are under $5, potentially pushing them to illegal markets.

Which major sportsbooks have responded to the Illinois tax changes?

Caesars Sportsbook, DraftKings, Fanatics, and FanDuel have implemented per-bet fees, while BetMGM, Circa Sports, ESPN Bet, Hard Rock Bet, and Rush Street Interactive introduced minimum bet requirements.

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FAIR Bet Act impact on gambling taxation and federal spending

FAIR Bet Act gambling taxation – How the FAIR Bet Act and Gambling Taxation Could Impact Federal Spending | 10BET

December 11, 2025/in Blog/by admin

How the FAIR Bet Act Could Reshape Gambling Taxation: Analyzing Rep. Dina Titus’s Defense Spending Bill Proposal

U.S. Representative Dina Titus (D-NV) has been a vocal advocate for the rights of gamblers in Washington D.C. with her introduction of the Fair Accounting for Income Realized from Betting Earnings Taxation Act, often referred to as the FAIR Bet Act. Key Points: Understanding the complexities of gambling taxation is essential for both operators and players to ensure financial compliance and accurate reporting.

Dina Titus included the FAIR Bet Act in the defense spending bill.
FAIR Bet aims to restore the deduction of gambling losses to 100% of winnings.
The One Big Beautiful Bill (OBBB) reduced the deduction to 90%.

U.S. Representative Dina Titus (D-NV) has been a vocal advocate for the rights of gamblers in Washington D.C. with her introduction of the Fair Accounting for Income Realized from Betting Earnings Taxation Act, often referred to as the FAIR Bet Act. This legislation aims to recover the long-standing policy that allows gamblers to deduct their losses against winnings fully, which was recently altered under the OBBB.

Image by ddcreativohn from Pixabay

Under previous legislation, gamblers could deduct 100% of their losses. However, a recent change brought about by Senate Republicans in Trump’s OBBB will force a reduction of that deduction to 90% starting from the 2026 tax year. Many believe this modification penalizes legal gambling practices that are stringently regulated.

Background on the FAIR Bet Act

Titus officially introduced the FAIR Bet Act in July, quickly garnering bipartisan support with ten cosponsors from both parties — five Republicans and five Democrats. Despite this backing, the bill currently remains stagnant in the House Ways and Means Committee.

Chairman Jason Smith (R-MO) has committed to returning the gambling loss deduction to its original status before it is implemented next year, though the proposal has yet to go for a committee vote.

Taking Matters Into Her Own Hands

With progress seemingly delayed, Titus is now seeking to expedite the FAIR Bet Act by incorporating it into Congress’s annual National Defense Authorization Act (NDAA). The NDAA, which encompasses substantial military funding, must be authorized each year, presenting a strategic opportunity for Titus to drive her agenda forward.

“The fight to restore the 100% gambling loss tax deduction continues,” Titus remarked. “I’ve introduced the FAIR Bet Act as an amendment to the 2026 NDAA.”

The NDAA allocation for 2026 has been proposed at approximately $924.7 billion, with the majority directed toward the Department of Defence. An additional $35.2 billion is earmarked for the Department of Energy.

What the FAIR Bet Seeks to Achieve

The primary objective of the FAIR Bet Act is to ensure gamblers do not erroneously pay federal taxes on non-existent income, potentially generated from tax deductions that may not be beneficial under the OBBB adjustment. For example, if a player wins $10,000 but also loses the same amount, they should not be taxed on a profit of $1,000.

The Joint Committee on Taxation has projected that this tax reduction would result in a new tax revenue of approximately $1.1 billion over the next decade. However, industry leaders caution that this creates a troublesome precedent by taxing so-called ‘phantom income’ while unduly punishing a legal activity.

Bill Miller, president of the American Gaming Association, expressed concerns: “The result creates an unfair precedent by taxing phantom income and uniquely penalising a legal, heavily regulated activity.”

Conclusion

The ongoing advocacy by Rep. Titus underlines a critical effort to protect gamblers’ rights and restore fair taxation practices. As conversations pick up heading into the annual NDAA authorization, the FAIR Bet Act’s outcome will crucially impact the landscape for gamblers across the nation.

For those interested in developments around gaming legislation and essential gambling practices, staying informed about the FAIR Bet Act and its progress is vital.

Frequently Asked Questions

What is the primary goal of the FAIR Bet Act?

The FAIR Bet Act aims to restore the policy allowing gamblers to deduct 100% of their losses against winnings, reversing a previous reduction to 90% by the OBBB.

Who introduced the FAIR Bet Act, and what is its current status?

U.S. Representative Dina Titus introduced the FAIR Bet Act, which currently remains stagnant in the House Ways and Means Committee, despite bipartisan support.

Why is Rep. Titus attempting to incorporate the FAIR Bet Act into the NDAA?

Titus is seeking to expedite the FAIR Bet Act by attaching it to the annual National Defense Authorization Act (NDAA), a crucial bill that must be authorized each year, presenting a strategic opportunity.

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iGaming Ontario new President and CEO Joseph Hillier

iGaming Ontario leadership – iGaming Market Leadership Shift: Ontario Appoints New President and CEO

December 10, 2025/in Blog/by admin

New Leadership at iGaming Ontario: Appointing a New President and CEO to Drive iGaming Market Growth

The board at iGaming Ontario (iGO) recently announced the appointment of Joseph Hillier as the new President and CEO. Key Highlights of the evolving iGaming market:

Joseph Hillier brings a blend of public and private sector experience.
Hillier was the former chief strategy officer of AGCO.
Industry experts predict further growth in Ontario’s iGaming market.

The board at iGaming Ontario (iGO) recently announced the appointment of Joseph Hillier as the new President and CEO. This decision comes at a pivotal moment in the evolution of the online gaming landscape in Ontario, which is experiencing significant growth.

Image by tianya1223 from Pixabay

Effective September 8, 2025, Hillier’s experience includes serving as the Chief Strategy Officer and Corporate Secretary at the Alcohol and Gaming Commission of Ontario (AGCO), the organization responsible for regulating iGaming in the province.

iGaming Ontario operates under the supervision of the Minister of Tourism, Culture and Gaming and collaborates closely with AGCO to manage the regulated iGaming market.

Public and Private Sector Experience

During his tenure at AGCO, Hillier played a crucial role in implementing strategic and regulatory initiatives across the sectors of alcohol, cannabis, gaming, and horse racing within Ontario. His expertise in regulatory frameworks positions him well to lead iGO through its next phases of growth.

Prior to joining AGCO, Hillier was the chief of staff to Ontario’s Attorney General, Doug Downey. He was instrumental in the development and launch of Ontario’s private sector-driven iGaming market, which commenced in April 2022, marking a significant transformation in the gaming sector.

The Board of Directors is optimistic about Hillier’s leadership, expecting him to enhance the successes of Ontario’s iGaming market and address pressing priorities. These include developing an effective anti-money laundering system for operators and establishing a centralized self-exclusion platform for players.

Self-Exclusion Program

Hillier’s appointment comes as he replaces Martha Otton, who retired in August 2024. Following her retirement, a leadership transition was initiated that culminated in Hillier’s appointment.

As noted by industry insiders, while iGaming Ontario has acquired valuable lessons over its 3.5 years of operation, there remains a pressing need for automation, particularly in AML reporting, which currently is a manual process. The organization is in the process of awarding contracts to facilitate a centralized self-exclusion system, actions that some believe should have been prioritized much earlier.

50 Licensed Operators Currently in Ontario

As of now, the Ontario iGaming market comprises around 50 licensed operators, each vying for a share of the expanding market.

While iGO is not a gaming company in the traditional sense, it operates as a contract management entity in partnership with both public and private stakeholders.

Need for AML Automation

Experts in the industry advocate for iGO to embrace policies that support its 50 operators, enabling them to thrive and remain competitive against illegal markets. Efforts to introduce automation and streamline costs are seen as pivotal for this endeavor.

Furthermore, there is an expectation of new entrants joining Ontario’s regulated iGaming market as other provinces, such as Alberta, establish their regulatory frameworks, making Ontario an attractive option for business expansion.

iGO Reports Market Growth in July

Recent financial reports from iGaming Ontario indicate a 4% month-over-month increase in total wagers, with July seeing CA$7.56 billion wagered across the regulated iGaming market. This growth illustrates the ongoing demand for online gaming in Ontario and highlights the importance of efficient operational practices for future profitability.

Overall, Joseph Hillier’s appointment signals a proactive approach as iGaming Ontario prepares to meet the challenges and opportunities of an evolving market, aiming to provide comprehensive and well-regulated iGaming experiences for its operators and customers.

In summary, the future for iGaming Ontario looks optimistic with Joseph Hillier at the helm. His public and private sector experience will likely play an essential role in navigating the complexities of the online gaming landscape, promoting growth, and ensuring compliance within the regulations. As the market continues its expansion, stakeholders eagerly anticipate the advancements and initiatives that will arise under his leadership.

Frequently Asked Questions

Who has been appointed as the new President and CEO of iGaming Ontario?

Joseph Hillier, formerly the Chief Strategy Officer at the Alcohol and Gaming Commission of Ontario (AGCO), has been appointed as the new President and CEO of iGaming Ontario.

What is Joseph Hillier’s background and relevant experience?

Hillier has extensive experience in both public and private sectors, including a crucial role in implementing strategic and regulatory initiatives for AGCO and helping launch Ontario’s private sector-driven iGaming market.

What are some key priorities for iGaming Ontario under the new leadership?

Key priorities include developing an effective anti-money laundering (AML) system for operators and establishing a centralized self-exclusion platform for players to enhance consumer protection.

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Wichita Falls bookkeeper theft linked to gambling addiction and tribal casinos

Gambling addiction crime – How Gambling Habits Lead to Crime: A Wichita Falls Bookkeeper’s $200K Theft Linked to Tribal Casinos

December 9, 2025/in Blog/by admin

Wichita Falls Bookkeepers $200K Theft Linked to High-Stakes Visits to Tribal Casinos

A former bookkeeper in Wichita Falls has been arrested for allegedly embezzling over $200,000 from her employer, with much of the money reportedly funneled into tribal casinos in Oklahoma. A former bookkeeper in Wichita Falls has been arrested for allegedly embezzling over $200,000 from her employer, with much of the money reportedly funneled into tribal casinos in Oklahoma.

Image by geralt from Pixabay

Details of the Case

Kassy Elizabeth Cunningham, an accountant who fled Texas for California, is now facing serious charges after an investigation revealed multiple suspicious transactions linked to her. Notably, the embezzlement came to light when the owner of a local business filed an embezzlement report after noticing discrepancies and a bounced cheque. Here are the key points:

204 unauthorized ATM withdrawals
26 fraudulent checks
191 PayPal transfers
68 charges via Square

The irregular transactions all pointed back to Cunningham, including payments directed to her personal accounts and business ventures named “KassyGosq.com”.

Confession and Arrest

Initially, the Wichita Falls Police Department filed an affidavit to secure an arrest warrant. They indicated that the theft allegedly occurred between September 8, 2022, and August 1, 2023. On being contacted by the business owner, Cunningham acknowledged her wrongdoing but claimed she wasn’t aware of the total amount she had embezzled.

After resigning from the company, Cunningham headed to California before the fraud was detected. During a follow-up call with investigators, she expressed remorse and indicated that the misappropriated funds were utilized for both gambling and medical expenses.

“Cunningham expressed remorse, stating that the funds were used at the casino and for her medical care,” the affidavit read.

Legal Consequences

As outlined in the warrant, the charges Cunningham faces carry severe penalties. If found guilty of theft with the intent to deprive the owner of property, she could serve 2 to 20 years in prison and be subjected to a fine up to $10,000. The formal charges were filed at the request of the business owner, who has shown intent to pursue the matter vigorously.

Given the seriousness of the situation and the scale of the embezzlement, local authorities have indicated they will proceed with prosecuting all relevant charges.

Considering the Bigger Picture

This incident raises important questions about financial oversight within businesses. Here are a few considerations for employers:

Regular audits: Conducting periodic checks can help identify irregularities early.
Employee training: Educating staff about ethical practices can sometimes prevent such issues.
Whistleblower protection: Implementing systems for reporting suspicious activities without fear of retribution could encourage transparency.

Final Thoughts

The case of Kassy Cunningham serves as a stark reminder for business owners to maintain diligent monitoring of financial activities. As gambling continues to intertwine with financial misconduct, businesses must enrol greater resources and awareness in their financial proceedings to avoid falling victim to similar incidents.

Frequently Asked Questions

What was the crime committed by the Wichita Falls bookkeeper?

Kassy Elizabeth Cunningham, a former bookkeeper, was arrested for allegedly embezzling over $200,000 from her employer through unauthorized ATM withdrawals, fraudulent checks, and transfers.

Where was the embezzled money reportedly used?

Cunningham admitted that a significant portion of the misappropriated funds was used for gambling at tribal casinos in Oklahoma, as well as for medical expenses.

What are the potential legal consequences for Kassy Elizabeth Cunningham?

If found guilty of theft with the intent to deprive the owner of property, she could face 2 to 20 years in prison and a fine of up to $10,000.

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Accel Entertainment stock and video gaming terminals

Video Gaming Terminals: Why Accel Entertainment Stock Is Poised to Accelerate | 10BET

December 9, 2025/in Blog/by admin

Accel Entertainment Stock Poised to Grow Through Video Gaming Terminals

Accel Entertainment (NYSE: ACEL) is gradually becoming a noteworthy name in the gaming industry. Discover the Growth Journey of Accel Entertainment and how they have revolutionized the landscape of the gaming industry through the strategic deployment of advanced video gaming terminals.

Underfollowed gaming stock with significant potential.
Operates in the distributed gaming niche.

Accel Entertainment (NYSE: ACEL) is gradually becoming a noteworthy name in the gaming industry. With a market capitalisation of approximately AUD 967.69 million, the company seems to be enjoying a stealthy rise while operating in a sector that many overlook. Recent evaluations by financial analysts point to promising growth opportunities.

Image by Hans from Pixabay

Texas Capital analyst David Bain recently initiated coverage on Accel, giving it a “buy” rating and setting a price target of AUD 17 per share. This suggests a potential upside of 47.1% based on recent closing prices.

“ACEL is an underappreciated gaming operator, connecting great free cash flow generation with growth and maintaining an undervalued position,” remarks Bain. “Its hyper-local operations provide more resilience in economic downturns compared to many regional casinos, and its growth in sales and EBITDA outstrips group averages.”

This assessment underscores that Accel is largely overlooked by investors—with Bain being the fourth analyst to provide coverage. Historical trends indicate that smaller, overlooked stocks have the potential for substantial financial returns.

The Growth Dynamics of Accel Entertainment

The business model of Accel is straightforward and effective. The company focuses on distributing Video Gaming Terminals (VGTs) in everyday venues like:

Restaurants
Bars and Taverns
Convenience Stores
Liquor Stores
Truck Stops
Grocery Stores

While not glamorous, this model has proven robust and adaptable. Accel’s reach has expanded drastically—growing from its operations in just one state in 2019 to six states today, with a total of 27,388 VGTs across 4,427 locations noted at the second quarter’s end. Notably, this surpasses the number operated by Red Rock Resorts (NASDAQ: RRR) and nears Boyd Gaming’s count.

Accel’s consistent growth trajectory highlights the viability of its business model.

Without the sleek façade typical of iGaming or online sports betting, Accel provides investors with predictable and transparent revenue streams. Bain notes that:

“Distributed gaming is steadily growing in mature markets, while newer, less defined markets present significant growth opportunities. Accel appears favourably positioned to expand into new demographics, offering opportunities that traditional regional casinos might encounter challenges in pursuing.”

Investment Value in Accel Entertainment

Accel distinguishes itself not just through growth but also through solid financials. Bain indicates that the company’s projected enterprise value-to-EBITDA for 2025 and 2026 sits at discounts of 51% and 54%, respectively, when compared to the broader gaming supplier sector. This adds to its appeal for potential investors.

In addition, its anticipated free cash flow yield for 2025 and 2026 is an average of 28% below that of its regional casino competitors, yet its expected sales growth considerably surpasses the predicted revenue increases for those venues.

Bain concludes with confidence, stating, “Despite a clear growth trajectory, ACEL’s stock valuation remains well below that of its peers, reflecting a unique opportunity for investors.”

Key Highlights

Accel Entertainment is gaining analyst attention.
Its business model shows steady growth.
Investment valuation is below peers, suggesting room for growth.

In summary, Accel Entertainment is positioned for a promising trajectory in the gaming market. With its robust operational model and significant growth potential, it might just be time to pay attention to this under-the-radar stock.

Frequently Asked Questions

What is Accel Entertainment’s primary business model?

Accel Entertainment’s business model focuses on distributing Video Gaming Terminals (VGTs) to everyday venues like restaurants, bars, convenience stores, and truck stops across multiple states.

Why do financial analysts see growth potential in Accel Entertainment stock?

Analysts, like David Bain from Texas Capital, highlight Accel’s strong free cash flow generation, resilience in economic downturns, and growth in sales and EBITDA that outstrips group averages, all while being undervalued.

How has Accel Entertainment expanded its operations?

Accel has significantly expanded its reach from operating in just one state in 2019 to six states today, with over 27,000 VGTs across more than 4,400 locations.

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Harvey's Resort Hotel and Casino, bomb explosion

Casino Security, Harvey’s Resort Bombing – Casino Security Lessons Learned: The Legacy of the Harvey’s Resort Bombing | 10BET

December 8, 2025/in Blog/by admin

The Harvey’s Resort Bombing: A Turning Point for Casino Security

Forty-five years ago, a pivotal moment in U.S. history unfolded at the Harvey’s Resort Hotel and Casino in Stateline, Nevada, highlighting a catastrophic failure in casino security. Forty-five years ago, a pivotal moment in U.S. history unfolded at the Harvey’s Resort Hotel and Casino in Stateline, Nevada, highlighting a catastrophic failure in casino security. At 3:46 p.m. on August 27, 1980, the establishment became the scene of one of the largest and most audacious bombings ever recorded in American history. The man behind this shocking act was a disgruntled gambler who, instead of relying on standard floor protocols, sought to extort $3 million from the establishment through a violent explosion.

Image by KELLEPICS from Pixabay

The events leading to the bombing began the day before at 5:30 a.m., when two men clad in coveralls—identified later as Willis Brown and Terry Hall—wheeled a suspicious device into the casino’s second-floor executive offices. A slot shift supervisor named Bob Vinson noticed the two metal boxes they left behind, one stacked atop the other, brimming with switches and threatening notes.

Inside an addressed envelope to ‘Harvey’s Management’, a three-page letter lay out the demands, warning that “Any deviation from these conditions will leave your casino in shambles.”

Image by christy1 from Pixabay

Despite their efforts to comply, the FBI intervened, refusing to allow the ransom to be paid. This prompted a tense standoff as spectators gathered to watch bomb disposal specialists grapple with the 1,000 pounds of dynamite hidden within the device. Some enterprising locals even sold T-shirts bearing the slogan “I survived the blast at Harvey’s.”

At 3:43 p.m., the technicians decided to detonate a small charge in hopes of disabling the triggering mechanism. Unfortunately, their plan backfired spectacularly, resulting in a catastrophic explosion that blown chunks of concrete out of the building, sending dust and ash soaring into the sky. Fortunately, the entire resort had been evacuated the day prior, and miraculously, there were no casualties.

Douglas County Sheriff Ron Pierini later commented, “If they would have tried to move it, it would have exploded… If it had gone off when they first found it, 600 people would have been dead.”

The Immediate Aftermath

Image by 4711018 from Pixabay

In the wake of the explosion, Harvey’s and surrounding Stateline casinos offered a $200,000 reward for information leading to the capture of those responsible. Investigators soon zeroed in on John Birges Jr., who had used a white van to transport the bomb, but initially dismissed him as being too incompetent to have orchestrated the attack.

It wasn’t until the reward was increased to $500,000 that an anonymous tip directed the FBI to his father, John Birges Sr.—a Hungarian immigrant, former steelworker, and a heavy gambler who had lost fortunes at Harvey’s. With assistance from Birges Jr.’s friends, authorities built a strong case against him. Eventually, he was arrested along with his accomplices and sentenced to 20 years in federal prison, where he passed away from liver cancer in 1996.

Rebirth and Legacy

Image by Paul_Henri from Pixabay

Despite suffering $18 million in damages, the core structure of Harvey’s survived and was rebuilt, reopening as Harveys Lake Tahoe and continuing to operate for decades. Harrah’s Entertainment, now known as Caesars Entertainment, acquired the facility in August 2001. Following a significant $160 million renovation in July 2025, it was rebranded as Caesars Republic Lake Tahoe.

The investigative techniques developed during the Harvey’s bombing case later informed federal responses to major incidents including the 1993 World Trade Center bombing and the 1995 Oklahoma City bombing, marking this bizarre extortion attempt as a significant turning point in U.S. counterterrorism history.

Summary: The Harvey’s Resort bombing serves as a stark reminder of the potential consequences of gambling addiction and the lengths to which a desperate individual can go. Despite the tragic circumstances, the resort demonstrated resilience through its reconstruction, transforming a historical tragedy into a modern success story.

Frequently Asked Questions

What was the Harvey’s Resort bombing?

The Harvey’s Resort bombing was an extortion attempt in August 1980 where a disgruntled gambler, John Birges Sr., planted a 1,000-pound dynamite bomb at Harvey’s Resort Hotel and Casino in Stateline, Nevada.

Who was responsible for the Harvey’s Resort bombing?

John Birges Sr., a heavy gambler who had lost fortunes at Harvey’s, orchestrated the bombing with the help of accomplices. He was later arrested and sentenced to 20 years in federal prison.

What was the legacy of the Harvey’s Resort bombing?

Despite $18 million in damages, the resort was rebuilt. More significantly, the investigative techniques developed during the case informed federal responses to later major incidents like the World Trade Center and Oklahoma City bombings, marking a turning point in U.S. counterterrorism history.

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Las Vegas Fire Safety, Alpine Motel Fire – From Local Tragedy to Las Vegas Casinos: How a Motel Fire Shaped the Citys Safety Standards | 10BET

December 8, 2025/in Blog/by admin

From Tragedy to Triumph: Lessons in Safety and Luck at Las Vegas Casinos

Adolfo Orozco-Garcia has reported to prison to begin serving a sentence for his role in the deadliest fire ever recorded within the city, a tragedy that highlights the critical importance of fire safety protocols throughout the region. Adolfo Orozco-Garcia has reported to prison to begin serving a sentence for his role in the deadliest fire ever recorded within the city, a tragedy that highlights the critical importance of fire safety protocols throughout the region. While the incident took place in a residential setting, the investigation has prompted renewed discussions regarding safety standards across all major local establishments, including the sprawling Las Vegas casinos that define the citys landscape. This grim reminder underscores the necessity for strict and rigorous safety regulations to protect both residents and the millions of visitors who frequent the area.

Image by Falkenpost from Pixabay

At 49 years old, Orozco-Garcia was the owner of the Alpine Motel, a downtown facility plagued by unsafe living conditions. On December 21, 2019, a fire broke out that claimed the lives of six residents: Donald Keith Bennett (63), Tracy Ann Cihal (57), Francis Lombardo Jr. (72), Cynthia Mikell (61), Henry Lawrence Pinc (70), and Kerry Marie Odo-Baclaan (46).

The fire was ignited by a stove that was left on as a heating measure due to the motel’s broken heating system. The catastrophic incident not only resulted in fatalities, but also injured 13 others and displaced over 50 survivors, illustrating the severe consequences of neglecting safety measures in housing.

The Negligence of Safety Standards

Prosecutors stressed that Orozco-Garcia had failed to uphold basic safety standards essential for residential buildings. The motel lacked functioning fire alarms, sprinklers, and adequate escape routes—conditions that contributed significantly to the tragedy.

After facing a total of 27 charges, Orozco-Garcia opted for an Alford plea on January 17, 2025. This type of plea allows a defendant to plead guilty while still maintaining their innocence if they acknowledge that prosecution has enough evidence for conviction. Consequently, he was convicted of two counts of voluntary manslaughter and one charge relating to willful disregard for safety, leading to serious harm or death.

This legal outcome reflects the judiciary’s commitment to holding individuals accountable for negligence, particularly in environments housing vulnerable populations.

The Legal Outcome

In June, Clark County District Court Judge Jacqueline Bluth issued a sentence of 48 months in prison, with the possibility of parole after 19 months. Orozco-Garcia was given a grace period of 90 days to surrender, which has now concluded.

Understanding the Historical Impact

Many may wonder how the Alpine Motel incident is classified as the most lethal fire in Las Vegas history. It’s important to note that the original MGM Grand fire, notorious for claiming 87 lives, along with the Westgate (previously known as the Las Vegas Hilton) fire which resulted in eight fatalities, are logged outside the actual city limits of Las Vegas. Therefore, the Alpine Motel fire retains the grim title of the deadliest fire within city confines.

In the aftermath of the tragedy, the site of the Alpine Motel was sold and transformed into the DLUX Lofts—a modern apartment complex targeting young professionals and creatives.

Key Takeaways and Facts

Six fatalities occurred in the December 2019 fire linked to Adolfo Orozco-Garcia.
The fire was initiated by a stove left on due to inadequate heating systems in the facility.
Inadequate safety measures in the motel contributed to the high death toll.
Orozco-Garcia is sentenced to 48 months with potential parole after 19 months.
The incident has resulted in discussions around necessary changes to safety inspection processes in residential facilities.

The case of Orozco-Garcia underscores the critical importance of maintaining safety protocols in all residential buildings. The tragic losses encountered during this incident serve as a rallying call for enhanced regulations and rigorous enforcement of fire safety standards across similar establishments in the future.

Frequently Asked Questions

What was the Alpine Motel fire?

The Alpine Motel fire, occurring on December 21, 2019, was the deadliest fire within Las Vegas city limits, claiming six lives. It was caused by a stove left on for heating due to a broken system.

Who was held responsible for the Alpine Motel fire?

Adolfo Orozco-Garcia, the owner of the Alpine Motel, was held responsible. He was convicted of two counts of voluntary manslaughter and one charge relating to willful disregard for safety due to lacking fire alarms, sprinklers, and adequate escape routes.

How did the Alpine Motel fire impact Las Vegas safety standards?

The tragic incident prompted renewed discussions and a call for enhanced regulations and rigorous enforcement of fire safety standards across all major local establishments, including Las Vegas casinos and residential facilities.

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Ontario Online Casino Market Share – Online Casino Handle in Ontario Hits 89% Market Share

December 7, 2025/in Blog/by admin

Image by vinsky2002 from Pixabay

Online Casino Handle in Ontario Hits 89% Market Share

In the typically slower summer months for sports betting, the dominance of online casino gaming continues to shine in Ontario. Key Highlights: Discover everything you need to know about choosing the perfect online casino, from top-rated gaming platforms to the most rewarding bonuses available today.

Online casino market share rises compared to previous month
Sports betting experiences a 10% month-over-month decline in wagers and revenue
Overall market handle increases by 4% month-over-month

In the typically slower summer months for sports betting, the dominance of online casino gaming continues to shine in Ontario. Recent market performance data reveals that the online casino sector has captured a remarkable 89% market share, signalling strong consumer interest and engagement.

4% Increase in Overall Handle

Total cash wagers in Ontario reached CAD $7.56 billion in July, marking a four percent increase from June’s total of CAD $7.25 billion. The revenue generated from these wagers stood at CAD $311 million, demonstrating a modest month-over-month growth of one percent.

Despite the growth in overall wagering, the number of active player accounts saw a six percent decrease, dropping to 948,000. However, the average revenue per active player account rose to CAD $328, reflecting an eight percent increase.

Casino Dominates the Market

Detailed handle statistics indicate that online casino wagering accounted for CAD $6.73 billion in July, up six percent from the previous month. This figure underscores the market’s dominance, reflected in the 89% market share enjoyed by online casinos.

In terms of revenue, the online casino sector brought in CAD $252.3 million for July, which is a four percent increase increase from June, capturing an impressive 81% revenue share within the market. In contrast, the sports betting sector faced a significant downturn, witnessing a ten percent month-over-month decline in cash wagers amounting to CAD $688 million, resulting in a mere nine percent market share of wagers.

Revenue for sports betting was calculated at CAD $52.7 million; a ten percent decrease, translating to a 17% market share.

Poker Performance

The P2P poker segment also performed well, with cash wagers amounting to CAD $139 million, up five percent from June. Revenue climbed to CAD $5.9 million, a 10% month-over-month increase, holding steady at a two percent market share.

Emerging Trends in Sports Betting

As the Ontario regulated market continues to prioritize online casino offerings, licensed operators remain focused on expanding their content. Notably, Caesars Entertainment recently debuted a new exclusive slot title in Ontario, named ‘Caesars Treasure Trio’.

Currently, the province holds licenses for 50 iGaming operators, with a total of 87 gaming websites operational. The market’s total handle in July alone was recorded at CAD $6.09 billion, further highlighting the sector’s growth trajectory.

In conclusion, Ontario’s online gaming landscape is on the rise, characterised by increased revenue and changing consumer preferences. With a significant market share held by online casinos, this sector continues to flourish, offering exciting opportunities for both players and operators alike.

Frequently Asked Questions

What is the online casino market share in Ontario?

The online casino sector in Ontario captured a remarkable 89% market share in July, demonstrating strong consumer interest and engagement.

How did the overall market handle increase in Ontario?

Total cash wagers in Ontario reached CAD $7.56 billion in July, marking a four percent increase from the previous month, though the number of active player accounts saw a slight decrease.

What are the emerging trends in Ontario’s iGaming market?

The Ontario regulated market continues to prioritize online casino offerings, with licensed operators expanding their content, such as Caesars Entertainment debuting a new exclusive slot title. The market is also seeing strong performance in P2P poker.

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