News
DraftKings and Flutter Stocks Dip After Illinois Budget Agreement Introduces Tax Hike on Sports Betting
Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax increase on sports bets in Illinois. The state’s fiscal 2025 budget, set to begin on July 1, introduces a new graduated tax structure that will nearly triple the tax on certain sports bets, causing DraftKings’ […]
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Yggdrasil Expands UK Market Presence with Lottomart Partnership, Introduces Monkeys Go Bananas MultiMax for Unrivaled Gaming Experience
Yggdrasil, a pioneering force in the iGaming industry, has taken a significant step forward in expanding its presence within the UK market. Through a strategic partnership with Lottomart, an esteemed online gaming operator, Yggdrasil unveils its extensive portfolio of cutting-edge slot games to a wider audience. Enhancing the gaming experience: With this collaboration, Lottomart gains access to […]
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Pennsylvania’s Online Sports Betting Tax: Navigating Legislative Shifts and Industry Dynamics
Pennsylvania stands at a critical juncture in its online sports wagering industry, grappling with the implications of potential tax hikes amid a rapidly evolving regulatory landscape. As neighboring states implement significant changes to their taxation policies, Pennsylvania lawmakers and stakeholders must carefully navigate these shifts to ensure the continued growth and sustainability of the state’s […]
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Choctaw Landing Hosts Grand Opening Celebration in Hochatown
Choctaw Landing, the latest luxury resort and casino by the Choctaw Nation, celebrated its grand opening on Thursday morning in Hochatown, Oklahoma. This new 100-room resort had its soft opening on April 3, with the official ceremony held on May 23. The ribbon-cutting event was led by Chief Gary Batton of the Choctaw Nation of […]
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Paf Celebrates Record €177.1 Million Revenue, Warns of Impact from Rising Gaming Taxes
Paf has achieved a record revenue of €177.1m (£150.8m/$191.4m) in its 2023 financial year, marking a 6.9% increase from the previous year. The Nordic gaming operator also posted a notable 23% rise in net profit to €55.1m, setting a new annual record. However, alongside this financial success, Paf has issued a warning about the potential […]
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ACMA Intensifies Crackdown on Illegal Gambling, Blocks More Websites to Protect Australian Consumers
The Australian Communications and Media Authority (ACMA) has intensified its efforts to combat illegal gambling activities by requesting internet service providers (ISPs) to block more websites found to be violating the Interactive Gambling Act 2001. This latest action aims to further protect Australian consumers from unregulated and potentially harmful gambling services. The newly blocked websites […]
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Laguna Development Corporation and Caesars Sportsbook Launch In-Person Sportsbooks at New Mexico Casinos
Laguna Development Corporation (LDC) has announced a strategic partnership with Caesars Entertainment, Inc. to launch multiple in-person sportsbooks across their gaming properties in New Mexico. The new Caesars Sportsbook locations are now operational at Route 66 Casino Hotel and Casino Xpress, located west of Albuquerque, and Dancing Eagle Casino, situated east of Grants. Maxine Velasquez, […]
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BetMGM Introduces Rakin’ Bacon Odyssey and Sponsors Wheel of Fortune’s Big Money Week
BetMGM, a premier player in the world of sports betting and iGaming, is making waves with two groundbreaking announcements. In collaboration with PlayAGS, Inc., BetMGM unveils the highly anticipated Rakin’ Bacon Odyssey to the eager gaming community of Michigan. Exclusively available on BetMGM’s online platform and at MGM Grand Detroit, Rakin’ Bacon Odyssey promises an […]
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Embark on an Enchanted Journey in Pragmatic Play’s Dwarf and Dragons
Welcome to the mystical realm of Dwarf and Dragons, crafted by the renowned developer, Pragmatic Play. Embark on an exhilarating adventure where ancient legends come to life, and every spin holds the promise of unearthly treasures. In this immersive slot experience, players are transported to a world where magic and mystery intertwine, setting the stage for […]
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New Coalition Agreement Increases Gaming Tax in the Netherlands to 37.8%
A significant change in the gaming tax rate is set to take place in the Netherlands as outlined in the recently published coalition agreement between the PVV, VVD, NSC, and BBB factions. The budgetary annex, released late at night on May 15, reveals that the gaming tax will be raised to 37.8%. This adjustment is […]
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