Minnesota Sports Betting Efforts Fail, Again
Minnesota has again failed in efforts to legalize sports betting. The legislative session ended Monday with no progress on a proposal by lawmakers.
Gambling Industry News
Kalshi Retracts Announcement Of Partnership With Elon Musk’s xAI
Prediction market platform Kalshi announced a partnership with Elon Musk's AI company, xAI, only to backtrack and retract the statement.
VGW Leads New Sweepstakes Advocate Group, Social Gaming Leadership Alliance
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).
Caesars Launches In-Person Sports Betting In Oregon At Ko-Kwel Casino Resort
Caesars has launched its first in-person sports betting facility in the state of Oregon at Ko-Kwel Casino Resort in Coos Bay. Ko-Kwel Casino Resort Celebrates 30th Anniversary With Caesars Operation Caesars Entertainment has entered the Oregon sports betting market by launching in-person wagering at Ko-Kwel Casino Resort in partnership with the Coquille Indian Tribe. The […]
Underdog Fantasy Announces Return Of New York Draft Games
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.
Slot Machine Companies Are Preying On UK’s Poorest Neighbourhoods, Plus Funneling Proceeds To Billionaire Overseas Firms
Recent analysis by the Guardian has revealed huge slot machine companies are targeting the UK areas deemed to be the poorest – which has led to Politicians asking for councils to be given more power to stop new sites opening. UK Slot Machine Shops Have Risen 7% Since 2022, With Many Open 24 Hours The […]
Ohio Proposes Tax On Sports Betting Handle In Addition To Revenue
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 Acquires Grover Gaming for $1.05B, Expanding into Charitable Gaming Sector
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.
Gambling Industry News
Wynn Resorts Pays $5.5M Fine for AML Failures, Drops New York Casino Bid
Wynn Resorts has agreed to pay a $5.5 million settlement to the Nevada Gaming Control Board (NGCB) for anti-money laundering violations.
Gambling Industry News
Online Casinos Must Pay Higher Taxes, Say Horse Racing Leaders
Senior horse racing leaders have spoken out against raising tax rates to align with UK online casinos, which currently pay a higher rate.
Gambling Business News
Codere Online Q1 Results Show Strength In Latin America
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%.
Gambling Industry News
TGP Europe, Sponsor Of 5 Premier League Clubs, Exits UK Market After £3M Fine
TGP Europe, the gambling company behind 5 Premier League sponsors, has withdrawn from the UK market after a £3 million AML fine.
Gambling Affiliate Industry News
Gambling.com Reports Record Q1 Revenue
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.
Australia Gambling News
PointsBet Fined AU$500,000 For Violating Spam Laws And Targeting Problem Gamblers
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.
Gambling Affiliate Industry News
Catena Media Cut Costs After Earnings Decline
Catena Media has implemented cost-saving measures after reporting a 40% dip in EBITDA for Q1 this year. Adjusted EBITDA fell to €0.9 million, from €1.5 million in Q4 2024. Similarly, revenue dropped to €9.8 million, down from €10.2 million in Q4 2024 and €16.0 million in Q1 2024.