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Sports
June 10, 2025
Brazil Increases Gambling Tax, Industry Pushes Back
Just six months after opening the doors to legal online betting, Brazil’s Ministry of Finance has announced a surprise increase to the tax rate on gross gaming revenue (GGR). The rate will jump from 12% to 18%, effective immediately, though the provisional measure (MP) that has received the green light from the ministry still needs […]
Sports
June 10, 2025
Resorts World Folds from New York Sports Betting Market
In the onerous sports betting market in New York, only the companies with the deepest pockets have a shot at making it through. With a state tax of 51% on sports betting, companies have long complained about the difficult operational conditions, and many have chosen to withdraw. Difficult Local Market Prompts Resorts World Bet’s Exit […]
Sports
June 10, 2025
Glass Lewis Backs Penn Entertainment’s Board Picks Before Shareholder Vote
Glass Lewis, an independent proxy advisor, has told Penn Entertainment shareholders to vote for the company’s board nominees, Johnny Hartnett and Carlos Ruisanchez. Glass Lewis: Clifford Lacks Distinction, Penn’s Picks Offer Stronger Fit This advice comes before the upcoming annual meeting on June 17 as Penn faces an ongoing proxy fight with activist hedge fund […]
Sports
June 10, 2025
Alberta Forges Ahead with iGaming and Sports Betting Verticals
Last week, lawmakers in Alberta issued an “order in council” which allowed them to enact certain aspects of a proposed draft law, Bill 48, known as the iGaming Alberta Act, which essentially allows legislation to take place while the details are hammered out. Alberta Sets Up Everything It Needs to Launch iGaming, Betting With parts […]
Sports
June 10, 2025
PENN Entertainment Pushes Back on ISS Recommendation
PENN Entertainment has issued a firm response to Institutional Shareholder Services’ (ISS) recent report, which has urged shareholders to vote for the three board nominees presented by activist investor HG Vora. PENN’s upcoming annual meeting on June 17, 2025, will include a key vote that could significantly shake up the company’s leadership amidst ongoing challenges. […]
Sports
June 9, 2025
Illinois Sides with BetMGM in $389K Voided Winning Wagers
The Illinois Gaming Board has looked into a recent dispute between a sports bettor who claimed to have rightfully turned $500 wagers into a $389,999 payout by betting on the Chicago Bulls versus the Indiana Pacers. Honest Mistake Saves BetMGM from Paying Out $389K The NBA clash would theoretically bring good fortune to the bettor, […]
Sports
June 9, 2025
Rose Namajunas vs. Miranda Maverick UFC Atlanta Odds, Time, and Prediction
Rose Namajunas vs. Miranda Maverick is a clash between two flyweights with huge ambitions. Thug Rose is 7th in the rankings; Miranda is 11th, but whoever wins the fight on Saturday is likely to move a few spots above. So, who will it be? Betting odds say Namajunas, but what do we think? Keep reading […]
Sports
June 9, 2025
Kamaru Usman vs. Joaquin Buckley UFC Atlanta Odds, Time, and Prediction
UFC Atlanta odds suggest Kamaru Usman will suffer his fourth loss in a row. However, we don’t think the former champ should be underestimated. To see whether The Nigerian Nightmare can stage an upset on June 14, just keep reading this betting preview. Kamaru Usman vs. Joaquin Buckley Odds Moneyline Odds Kamaru Usman +225 Joaquin […]
Sports
June 9, 2025
Crypto.com Fights Nevada Gaming’s Crackdown on Sports Event Contracts
Crypto.com has taken legal steps to protect its right to offer sports event-based financial contracts in Nevada, which has intensified a dispute about whether federal or state authorities should regulate these markets. Crypto.com Seeks Injunction After Nevada Orders Halt to Sports Prediction Markets The cryptocurrency exchange submitted a request for a preliminary injunction to the […]
Sports
June 6, 2025
A’s Reinstate Michael Kelly After Gambling Suspension
The Oakland Athletics made several roster changes on Thursday, including the reinstatement of right-hander Michael Kelly, who returned after serving a one-year suspension for violating Major League Baseball’s gambling policy. $28 Gain from $100 Bets Kelly, now 32, was originally suspended alongside San Diego Padres’ Tucupita Marcano, Arizona Diamondbacks’ Andrew Saalfrank, and two minor leaguers, […]
