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Business
October 13, 2025
Kalshi Secures $300M Funding, Hits $5B Valuation
Tarek Mansour, CEO of Kalshi, has confirmed in a LinkedIn post the long-rumored $300 million investment secured in the company’s latest funding round, bringing the company’s valuation to $5 billion, as stated last month. Kalshi’s CEO Announces the Company Hit Its Previously-Stated Validation This new capital injection boosts the valuation of the prediction market leader […]
Industry
October 13, 2025
Former Live! Casino & Hotel Employee Admits to “Comps” Scheme
Two former employees of Live! Casino & Hotel Maryland were charged with misusing complimentary perks intended for customers to secure large winnings. One of the former employees, Sonejah Richards, 27, of Forestville, has pleaded guilty to his role in the $27,000 scheme at the Hanover casino. Richards Admits to Conducting the Casino Scheme Richards received […]
Lottery
October 13, 2025
Florida Man Heists Lottery Shop, Tries to Cash in Tickets
One Florida man had the perfect crime planned. Rob a local lottery shop, scoop up hundreds of tickets, and try to cash in any winners – at the exact location. Justin Farley, 43, was arrested by the St. Petersburg Police Department over his alleged robbing of a Circle K shop in the city. Returning to […]
Casino
October 13, 2025
California Bans Sweepstakes Casinos Starting 2026
The legislature agreed unanimously, and Governor Gavin Newsom made it official: sweepstakes casinos will no longer be available for Californians starting January 1, 2026. No Votes Against Assembly Bill 831, a measure that enjoyed strong backing from the California Nations Indian Gaming Association (CNIGA), passed with zero opposing votes over the weekend. CNIGA argued that […]
Business
October 13, 2025
Elon Musk Firm Accused of Environmental Breaches in Las Vegas Tunnel Project
Nevada environmental regulators have accused Elon Musk’s Boring Company of 800 violations related to its ongoing Las Vegas tunneling project. This has renewed attention on the company’s compliance practices and workplace safety record. Stop-Work Order Targets Boring Company for Alleged Wrongdoing The Nevada Division of Environmental Protection (NDEP) sent a cease-and-desist letter detailing the alleged […]
Poker
October 13, 2025
California Judge Throws Out Tribal Casinos’ Lawsuit Against Cardrooms
A California judge has stopped tribal casino operators from challenging their non-tribal competitors again, dealing another blow to their long fight over who runs casino-style games in the state. Federal Law Has Priority in California Lawsuit Sacramento County Superior Court Judge Lauri Damrell tossed out a lawsuit tribal governments filed. They claimed they had the […]
Business
October 13, 2025
High Interest Rates Put Casino M&A Activity on Hold
Mergers and acquisitions in the casino industry seem to have slowed down, as steep borrowing costs continue to discourage big deals. Talks at the recent Global Gaming Expo (G2E) in Las Vegas suggest that the usual excitement around deal-making has died down this year. Caution Dominates G2E as Casino M&A Waits for Interest Rate Relief […]
Lottery
October 10, 2025
Massachusetts Man Wins $1M from the Lottery
A Massachusetts man has won a life-changing $1 million prize from the Massachusetts Lottery. While this wasn’t the game’s top prize, it will still significantly beef the man’s retirement funds. Shadfar Will Invest in His Retirement The lucky winner was identified as Jamshid Shadfar, of Worcester. According to reports, the man was playing the […]
Legal
October 10, 2025
Evolution Prevails in US Securities Case After Court Dismisses Investor Lawsuit
Evolution AB has won a significant legal battle in the US after a federal judge dismissed a long-running securities fraud lawsuit against the Swedish gaming giant. The ruling, issued on September 5, 2023, by the US District Court for the Eastern District of Pennsylvania, marks the definitive end of months of legal battles. Evolution Proved […]
Business
October 10, 2025
Splash Sports’ Latest Funding Round Nets the Company $14.5M
Splash Sports, a leader in skill-based social sports gaming, announced that it has completed a Series B funding round, securing millions of dollars to expand its business across North America. The Funding Round Will Allow Splash to Scale Its US Business According to Splash Sports’ announcement, the DFS company has raised $14.5 million in a […]
