Author: Adam Roarty
Posts by Adam Roarty
Minnesota has again failed in efforts to legalize sports betting. The legislative session ended Monday with no progress on a proposal by lawmakers.
Prediction market platform Kalshi announced a partnership with Elon Musk's AI company, xAI, only to backtrack and retract the statement.
VGW, the company behind Luckyland Casino, Chumba Casino, and Global Poker, has established a new sweepstakes casino advocate group, the Social Gaming Leadership Alliance (SGLA).
Underdog Fantasy has relaunched its draft games in New York after a two-month enforced absence. At the moment, not all daily fantasy sports (DFS) products are available, for example, against-the-house or the P2P version of the Underdog pick’em product.
A bill introduced last week in Ohio proposes making the state the first in the US to place a tax on the betting handle in addition to gaming revenue.
Light & Wonder finalized the $1.05 billion acquisition of Grover Gaming's charitable gaming assets. The deal includes a $850 million upfront payment and a potential $200 million earn-out over four years.
Wynn Resorts has agreed to pay a $5.5 million settlement to the Nevada Gaming Control Board (NGCB) for anti-money laundering violations.
Senior horse racing leaders have spoken out against raising tax rates to align with UK online casinos, which currently pay a higher rate.
Codere Online Q1 results showed an overall 8% increase in net revenue, up to €57 million. Despite currency swings, performance in Latin American markets, namely Mexico, Colombia, and Argentina, was strong. If discounting currency swings, revenue increased by 17%.
TGP Europe, the gambling company behind 5 Premier League sponsors, has withdrawn from the UK market after a £3 million AML fine.
Gambling.com Group reported a 39% year-on-year increase in revenue, reaching $40.6 million in Q1. The online betting affiliate group put its success down to strategic acquisitions that have expanded its portfolio.
PointsBet Australia has been fined AU$500,000 (roughly $320,000) for violating Australia's spam rules. The company also breached the nation's laws related to Betstop, Australia's National Self-Exclusion Register (NSER), by promoting gambling to those on the list.