Industry
July 11, 2025
Senate GOP Blocks Bill to Restore Full Gambling Deductions
Senate Republicans on Thursday stopped a Democratic attempt to roll back a tax change that professional gamblers warn could cripple their industry. Nevada Democrat Catherine Cortez Masto sought quick approval of a bill to fully restore gambling loss deductions, but Indiana Republican Todd Young opposed it, effectively putting the proposal on hold. “I strongly support […]
Industry
July 11, 2025
UK Gambling Regulator Introduces New Financial Penalties System
The UK Gambling Commission (UKGC) has revealed major changes to its enforcement structure, bringing in a more organized and clear method to calculate financial penalties for gambling operators who break rules. The new system will start on October 10, 2025, after a long review process earlier this year. Gambling Operators Face Tougher but Clearer Penalties […]
Legal
July 11, 2025
Lucchese Captain Anthony Villani Was Convicted of Illegal Gambling
US District Judge Kiyo A. Matsumoto sentenced Anthony Villani, a captain in the Luchese organized crime family, to 21 months in prison. Villani was convicted of racketeering with predicate acts of money laundering and illegal gambling related to his running of a large-scale, illegal online gambling business. The business was linked to the crime family […]
Sports
July 10, 2025
Last of the Spilotro Brothers, Mob Lieutenant John, Dies in Las Vegas at 83
John Spilotro, the brother of infamous kingpin Tony “the Ant” Spilotro, who managed the Chicago Outfit’s operations in Las Vegas during the 1970s and early 1980s, has passed away at the age of 83, according to The Gangster Report. Both he and his brother were part of the notorious Chicago Outfit gang. John Spilotro Dies […]
Casino
July 10, 2025
Italy Moves Toward Overhaul of Online Gambling Sector with New Licenses
Italy’s online gaming industry stands at the edge of big changes as the government pushes forward with its licensing overhaul. The Customs and Monopolies Agency (ADM) has just finished the first screening process to issue new online gambling concessions, which marks a key step in a wide-ranging regulatory reform. Italy’s ADM Greenlights 46 Key Operators […]
Business
July 10, 2025
DoubleDown Acquires Whow Games in €65 Million Deal
DoubleDown Interactive has reached another substantial milestone in its ambitions to bolster its global presence with the acquisition of Whow Games, a free-to-play social casino game developer based in Germany. The deal, valued at €65 million ($76.24 million), consists of a €55 million ($64.51 million) upfront payment and a performance-based earn-out of up to €10 […]
Casino
July 10, 2025
Cirsa Shares Hold Steady in Lukewarm Spanish IPO Debut
Shares of Blackstone-backed gambling firm Cirsa (CIRSA.MC) made a quiet debut on the Spanish stock market on Wednesday, closing unchanged at their initial public offering (IPO) price of €15 ($17.56). The casino stock initiated trading on stock exchanges in Barcelona, Madrid, Valencia, and Bilbao. Cirsa’s market debut marks Spain’s second IPO this year following the […]
Legal
July 10, 2025
Tribal Groups Use Supreme Court Ruling to Expand Legal Fight Against Kalshi
The legal battle over Kalshi, a fast-growing prediction market platform, has heated up as tribal groups point to a recent US Supreme Court decision to strengthen their case. Tribes Say SCOTUS Ruling Exposes Gaps in CFTC Oversight In a July 1 filing, over 65 tribes and tribal organizations argued that the Supreme Court’s June 27 […]
Casino
July 10, 2025
Entertainment Community Fund Joins Movement Against Times Square Casino Bid
The movement against the proposed Caesars Palace Times Square Casino gained momentum this week when the Entertainment Community Fund joined the No Times Square Casino Coalition. The nonprofit organization, which helps professionals in the performing arts and entertainment industries, expressed deep worries about how such a project might affect the core of New York’s theater […]
Casino
July 10, 2025
Mohegan Sun Guest Wins $2M Gambling in Spanish 21
A lucky player who was visiting the Mohegan Sun on Wednesday struck gold, taking a chance on a side bet that quickly turned out to be the payout of a lifetime. Winning Big at Mohegan Sun – Not One but Multiple Winners The guest from Connecticut, an anonymous gambler from Bridgeport, played a $5 Bonus […]
