News
Hawaii Moves Closer to Legalizing Online Sports Betting Amid Debate
Hawaii is on the verge of a significant shift in its long-standing stance against gambling, as a bill to legalize online sports betting moves closer to approval. While it won’t take effect in time for this year’s NCAA Final Four, House Bill 1308 (HB 1308) has made unprecedented progress through the state legislature, garnering support […]
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Grand Korea Leisure Reports Strong March Casino Revenue Growth
Grand Korea Leisure Co., Ltd. (GKL), a South Korean operator of foreigner-exclusive casinos, saw a significant boost in its March revenue, with total casino sales reaching approximately KRW41.45 billion (US$28.3 million). This marks a 27.7% increase from February and a 2.6% rise year-over-year, according to a filing with the Korea Exchange. A detailed breakdown of […]
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Kalshi Under Increasing Legal Scrutiny for Sports Prediction Markets
The regulatory storm surrounding prediction market operator Kalshi continues to intensify, with a growing number of states scrutinizing its operations. The Connecticut Department of Consumer Protection (DCP) has confirmed an open investigation into Kalshi for potentially violating state law. This development adds to the mounting legal pressure from regulators in Illinois, Nevada, New Jersey, and […]
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Italy’s Gambling Advertising Ban Heads to EU Court for Final Ruling
Italy’s legal battle over the 2018 Dignity Decree, which prohibits all gambling-related advertising, is set to reach a new milestone as the country’s highest administrative court, the Council of State, has decided to refer the matter to the European Court of Justice (ECJ). This referral follows a series of legal challenges, including a €50,000 fine imposed on LeoVegas by the Italian communications […]
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Chicago’s Bally’s Casino Faces Financial Hurdles Amid Market Saturation
In recent developments that highlight the intricate dynamics of the gaming industry in Chicago, Bally’s Corporation is encountering significant financial hurdles as it progresses with its ambitious $1.7 billion casino project at 777 W. Chicago Ave., scheduled to open in September 2026. A series of credit downgrades by major rating agencies, including Fitch Ratings, has intensified the scrutiny of the […]
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Pragmatic Play Launches High-Volatility Book of Monsters Slot with Colossal Symbols
Pragmatic Play, a premier content provider in the iGaming sector, has recently introduced its new slot game, Book of Monsters. This innovative cluster-pays slot captivates players with symbols that can expand up to a massive 7×7 grid on any spin during the base game. Dynamic gameplay and symbol collection: The gameplay is enriched by the chance to trigger 4 […]
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New Jersey Orders Kalshi and Robinhood to Halt Sports Wagering Operations
The New Jersey Division of Gaming Enforcement (NJDGE) has issued cease-and-desist orders to prediction market platform Kalshi and financial trading firm Robinhood, demanding that they immediately cease offering sports wagering services in the state. The regulatory action, confirmed Thursday, cites violations of New Jersey’s strict sports betting laws and requires both platforms to void any […]
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Sports Illustrated Partners with Galactic to Launch SI Predict for Non-Outcome Sports Markets
Sports Illustrated is venturing into the world of prediction markets with the launch of a new platform, SI Predict, in partnership with the UK-based digital marketing company Galactic. The innovative platform will allow users to place bets on various aspects related to sports events—though with a significant difference: it won’t involve betting on the outcome of games. Instead, SI Predict will […]
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PhilWeb Corporation Refutes Rumors of Backdoor Listing with PlayTime
PhilWeb Corporation, a prominent eGames service provider listed in the Philippines, has officially dismissed rumors that it is considering a backdoor listing for the online gaming platform PlayTime. This response comes after speculation led to significant market reactions affecting PhilWeb’s stock value. Clarification amidst stock fluctuations: In a recent disclosure to the Philippine Stock Exchange (PSE), PhilWeb addressed concerns […]
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Billionaire Bruce Mathieson Backs Bally’s Takeover Bid for Star Entertainment
Star Entertainment’s largest investor, billionaire pub and gaming magnate Bruce Mathieson, has thrown his support behind a buyout proposal from Bally’s Corporation, the American casino giant. The move comes as Star struggles to navigate financial troubles and regulatory challenges, leaving the company in search of a viable rescue plan. Mathieson, who holds a 10% stake […]
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