gambling - Providence Business News

SEC filing of the week: Bally’s sells Asian digital business

Economic Activity 11/08/2024

PROVIDENCE – Bally's Corp. has agreed to sell its digital interactive business in Asia and some other international markets. In its filing with the Securities...

Tammi Barlow / PBN PHOTO/RUPERT WHITELEY

Five Questions With: Tammi Barlow

5Q 05/10/2024

1. As Bally’s first vice president of global responsible gaming, what is your vision for this role and how it can cover existing gaps...

Bill allowing wagers on R.I.-based college sports teams passes Senate

Education 03/28/2023

PROVIDENCE – The Senate on Tuesday approved legislation that would allow for wagers to be placed on Rhode Island-based college sports teams or on...

Judge affirms placing Massachusetts tribal lands into trust

Economic Activity 02/13/2023

BOSTON (AP) – A federal judge has ruled against a group of Taunton residents who sued the federal government in an effort to prevent...

RISKING IT: A customer receives a betting ticket in the sports betting lounge at the Tropicana casino in Atlantic City, N.J., recently. American gamblers have wagered over $125 billion on sports with legal betting outlets in the four years since the U.S. Supreme Court cleared the way for states to offer legal sports betting. / AP PHOTO/WAYNE PARRY

In just four years, effects of sports betting widespread

Government 05/27/2022

On the anniversary of the decision in a case brought by New Jersey in mid-May, two-thirds of the states in the country have legalized...

THE LARGEST SHAREHOLDER of Bally's Corp. has offered to buy all outstanding shares of the publicly traded company that owns Bally's Twin River Lincoln Casino Resort and Bally's Tiverton Casino & Hotel. / PBN FILE PHOTO/PAMELA BHATIA

Hedge fund proposes $1.7B buyout of R.I.-based Bally’s

Economy 01/25/2022

PROVIDENCE – A hedge fund and largest shareholder of Bally's Corp. – the Rhode Island-based company that operates the state's only two casinos –...

REVENUE STREAM: Two people try their luck at video slot machines at Bally’s Twin River Lincoln Casino. Revenue generated through slot machines and table games at Rhode Island’s two casinos, in combination with lottery tickets and drawings, is one of the biggest sources of funding for the state’s $13 billion budget. / PBN PHOTO/ MICHAEL SALERNO

ALL IN with Bally’s: But how risky is R.I.’s heavy reliance...

Cover Story 12/10/2021

Rhode Island has come to rely heavily on Justin Kane and other recreational gamblers like him. Kane, a Providence real estate investor, likes to blow...

TIME TO HEDGE? Rhode Island is the national leader in per capita revenue collected from gambling. Most state leaders, however, say they are unconcerned about the state’s dependence on the industry and the one company, Bally’s Corp., that has a local monopoly on it. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. leaders need to see the risk in dependence on gambling...

Editorial and Op-Ed 12/10/2021

Nevada may be the nation’s gambling mecca, but it still trails runaway national leader Rhode Island in per capita revenue collected from gambling. Yet, as...

A NEW REPORT commissioned by the R.I. Department of Revenue says the state could gain $18.5 million per year in general revenue from iGaming. This image shows a free money mobile slot game offered through Bally's Twin River Lincoln Casino. / COURTESY BALLY'S CORP.

Report: iGaming revenue would add $18.5M per year to R.I. budget

Economic Activity 12/08/2021

PROVIDENCE – If Rhode Islanders were allowed to use their phones and laptops to play government-regulated online slot machines, table games and poker, the...