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Opening Bets: MGM Deals Foreshadow New Gambling Culture

PYMNTS

The deal also involves an exclusive branding arrangement: MGM can now use NBA and WNBA logos and team visuals, and craft coordinated marketing efforts. which owns and operates two dozen gambling properties in seven states, including Nevada and Louisiana. That could lead to additional taxes, possibly at or above 15 percent.”.

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Uber of X: greenRush is The Uber of Cannabis

PYMNTS

After it became illegal in the United States through the Marihuana Tax Act of 1937, the business of selling cannabis went mostly underground. One of their biggest ventures was an online platform aggregating New Years Eve parties across the globe. We are the “Amazon” of Cannabis, the largest online marketplace in the world.

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Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

The latest example of that, a closed-loop payments effort in Nevada, comes amid fresh signs of significant revenue growth for this nascent part of legitimate commerce. Under the program, the Nevada state treasurer’s office will “set up a three-year pilot program” to ease the payments situation for the local cannabis industry.

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