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online gambling

Daily fantasy sports rivals DraftKings and FanDuel to merge

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Daily fantasy sports rivals DraftKings and FanDuel have agreed to merge after months of speculation and increasing regulatory scrutiny. The two companies made the announcement Friday, saying the combined organization would be able to reduce costs as they work to become profitable and battle with regulators across the country to remain legal. Florida struggled with fantasy sports last legislative session, ultimately letting die a measure that would have explicitly legalized online fantasy play. A 2006 federal law banned online gambling but…

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What Republican presidential candidates think about online gambling

in 2017 by

Online gambling is always a contentious issue for the public and presidential candidates alike. The Republican candidates would like to be seen as pillars of the community but many of their potential voters enjoy a spin on a slot game or a bit of online poker. Donald Trump was at one time a casino owner and has many friends in the casino industry, with some backing his campaign. One of the biggest contributors to his campaign is Sheldon Adelson, who…

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Will Marco Rubio be called on his inconsistent positions during GOP debate?

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As the first presidential debate approaches, staged by Fox News, 10 top-tier Republican candidates are sure to be asked at least a few tough questions. Hey, it could happen. One such hopeful is Florida U.S. Sen. Marco Rubio, who could face grilling on his inconsistencies over a government crackdown on online gambling – and how it might connect to his relationship with Sheldon Adelson, the billionaire GOP donor. Rubio had been courting Adelson, the casino owner, who spent $100 million…

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Philadelphia Inquirer goes into the bookmaking business

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Can’t remember where I first saw this, but thanks to the Philadelphia Inquirer, now you can kind of bet on sports. Seems the Inquirer has hatched a brilliant solution to the problem of falling ad revenues and subscriptions — allow sports gambling on your online newspaper site, according to Editor & Publisher. E&P itself could have used a couple of windfall jackpots last year when it was forced to stop publishing until it was partially saved by more traditional means.…

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Online gambling is for suckers

in Apolitical/Peter by

The fact that the New York Times publishes a regular column on poker tells you how big the sport has grown in the last few years. Today’s column by James McManus argues that the Poker World is Flat (a play on the title of Tom Friedman’s book that discusses global interconnectivity) and that online gambling is just an oh-so-wonderful phenomenon. McManus provides some powerful statistics to back up his claim. “According to industry research, more than $60 billion has been…

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