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Casino
May 12, 2025
NJ’s Proposed 25% Online Gambling Tax Prompts Industry Backlash
Online casino and sports betting operators in New Jersey might soon be paying a lot more in taxes if Governor Phil Murphy’s latest budget proposal becomes law. Big Shift Frowned Upon by Operators The plan calls for a sharp increase in the tax rate on online gambling, jumping from 15% to 25% for casino platforms, […]
Legal
May 12, 2025
Kalshi Fights Nevada in High-Stakes Clash Over Federal vs. State Control
Kalshi, a company running prediction markets, is pushing hard to stop Nevada officials from banning its trading contracts. Kalshi Argues Federal Law Overrides Nevada in Sports Betting Dispute The firm claims that federal law, not state rules, decides if its business is legal. Kalshi told a court that the Commodity Exchange Act (CEA), which controls […]
Casino
May 12, 2025
Alberta Gets Ready to Kick Off Regulated iGaming Market
Alberta plans to shake up its online gambling scene after Bill 48, the iGaming Alberta Act, just got the green light. Now that lawmakers have given it the thumbs up, the province has a lot of work to do in order to set up the rules for launching a regulated market for online casinos and […]
Casino
May 12, 2025
Online Gambling Firms Urge British Columbia to Rethink Monopoly
Online gambling businesses have started conversations with British Columbia’s government. They want to explore the option of a regulated iGaming market that would open up competition beyond the current provincial monopoly. Records of lobbying from earlier this year show that the industry is working together to push British Columbia to follow provinces like Ontario and […]
Business
May 9, 2025
DraftKings’ Revenues Soar, Underpinned by the Jackpocket Acquisition
American sports betting powerhouse DraftKings has announced its Q1 2025 financial results, highlighting an increase in revenue. The company also revised its adjusted EBITDA forecasts from the previous guidance. In the meantime, DraftKings executives remain bullish on prediction markets. The Company’s Revenues Increased, in Part Thanks to Jackpocket In its Q1 report, DraftKings outlined revenue […]
Industry
May 9, 2025
AGCO Fines Great Canadian Entertainment over Alleged Underage Gambling Violations
The Alcohol and Gaming Commission of Ontario (AGCO) announced that it had issued CAD 151,000 ($108,542) in penalties to Great Canadian Entertainment for alleged failures at three of its casinos. The fine was prompted by four separate occasions in which the casino company’s properties are said to have failed to prevent minors from gambling. Great […]
Casino
May 9, 2025
RWLV Names New President Amid Leadership Shake-Up
Resorts World Las Vegas is once again reshuffling its executive leadership. On Thursday, the company confirmed that Alex Dixon, who had been chief executive officer for just under four months, will transition into a new position as senior advisor to the Board of Directors. Stepping into the leadership role is Carlos Castro, who has officially […]
Casino
May 9, 2025
Coney Island Casino Project Moves Ahead with Key Approval
The New York City Planning Commission has given the green light to plans for a large casino and entertainment complex in Coney Island, marking a big step forward. Coney Island Casino Plan Clears City Hurdle, Faces Statewide Licensing Battle The project called The Coney, would take up three blocks along Surf Avenue and include a […]
Casino
May 9, 2025
Atlantic City Casinos Give $572M to State Aid Despite Profit Drop
A new report from Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism (LIGHT), working with the Casino Association of New Jersey (CANJ), shows that Atlantic City’s casino industry sent a record $572 million to the state’s Casino Revenue Fund in Fiscal Year 2024. These findings highlight how the industry remains crucial to […]
Lottery
May 8, 2025
Public Divided on $3M Slot Win in Mississippi
On some rare occasions, one’s life can change in literally seconds, which is what happened to a gambler who just won over $3 million at a slot machine in Mississippi. Lucky Slot Machine Player Wins Jackpot Announced in a Facebook post, the man played a “Wheel of Fortune” slot machine at Harlow’s Casino & Resort […]
