News
F1 Las Vegas Grand Prix Settles Business Disputes, Gains 2027 Extension
The Formula One Las Vegas Grand Prix has resolved disputes with several local businesses that claimed significant financial losses from the event and its related construction work. Race officials confirmed Tuesday, August 12, that agreements were reached with Battista’s Hole in the Wall restaurant, Stage Door Casino—both owned by Randy Markin—and Jay’s Market, a nearby convenience store. Settlement Ends […]
read more
First Hearing on MGM Empire City Casino Expansion Draws Divided Views
Yonkers residents and local leaders gathered Monday, August 11, at the Grinton I. Will Public Library for the first of two mandated public hearings on MGM Empire City’s application for a commercial casino license. Hosted by the Community Advisory Committee (CAC), the meeting gave attendees three minutes each to present their opinions, with no direct questions to […]
read more
Mohegan Reports Strong Digital Gains Despite Lower Q3 Revenues
Mohegan has released its third quarter fiscal 2025 results for the period ending June 30, reporting total net revenues of $436.9 million, down 1.6% from the $444.1 million posted a year earlier. Income from operations fell 20% to $73.3 million, while adjusted EBITDA slipped 16.3% to $94.1 million. The company also posted a net loss attributable to Mohegan of $5.2 million, though […]
read more
New York Sportsbooks Maintain Strong July With Third Month Above 11% Hold
New York’s regulated sports betting market delivered $155.9 million in gross revenue for July 2025, with both mobile and commercial operators combining for an 11.08% hold. According to Friday’s report from the New York State Gaming Commission, the figure represented a 10.7% increase over July 2024 and marked the state’s first three-month streak of double-digit win rates in […]
read more
Flutter Surpasses Q2 Earnings Targets, Lifts 2025 Outlook
Flutter Entertainment, the global leader in online sports betting and iGaming, posted second-quarter 2025 results that comfortably outpaced analyst projections, propelled by strong performances in both the U.S. and overseas markets. The group reported adjusted earnings of $2.95 per share, handily topping the $2.08 estimate from LSEG’s analyst survey. Quarterly revenue reached $4.19 billion, exceeding […]
read more
Gulfstream Park Sues Florida Over 2021 Decoupling Law
Gulfstream Park Racing Association has taken its dispute over Florida’s 2021 Decoupling Act to the state’s highest court, asserting that the law unconstitutionally benefits competing slot machine operators while imposing unique restrictions on its own operations. The Hallandale Beach racetrack, owned by 1/ST Racing and Gaming, filed suit against the Florida Gaming Control Commission, arguing […]
read more
Penn Entertainment Shows Strong Q2 Performance Despite Ongoing Market Pressures
Penn Entertainment, Inc. (PENN) reported a mixed financial performance for the second quarter of 2025, with solid results from its retail properties but challenges in its Interactive division. The company achieved $1.4 billion in retail revenue for the quarter, which matched expectations and was a notable increase of 6% over the same period in 2024. This performance, however, was […]
read more
DraftKings Sets New Records in Q2 2025, Boosted by Strong Customer Engagement and Sportsbook Performance
DraftKings Inc. has achieved remarkable financial results for the second quarter of 2025, setting new company records for revenue, net income, and adjusted EBITDA. The U.S.-based digital sports entertainment and gaming giant posted a revenue of $1.51 billion, marking a 37% year-on-year increase and a $408 million gain from the same period in 2024. This stellar performance […]
read more
Vietnam Seeks Higher Casino Entry Fees for Locals to Simplify Gambling Access
Vietnam’s Ministry of Finance has introduced a proposal to increase casino entry fees for residents in an effort to simplify the process of verifying financial eligibility to gamble. The new policy would remove the need for locals to provide documentation of their income, a challenge that has proven difficult to manage in past gambling trials. Under the new […]
read more
NSW Extends $5,000 Cash Cap at Star Sydney Casino to 2027
The New South Wales Government has extended the existing AU$5,000 ($3,100) daily cash transaction cap for gamblers at The Star Sydney until August 19, 2027, shelving plans to enforce a lower AU$1,000 limit that was initially scheduled to take effect in 2025. The move marks the second time the implementation of stricter cash controls has been delayed. Concerns Over Jobs, Cash Flow, and […]
read more