News
Keeping Up with Payment Innovation in Online Gambling
The online casino industry is experiencing a transformation shaped not only by innovation in gaming content but by a race toward faster, safer and more transparent financial systems. As consumer expectations evolve, so do the standards of regulation, payment processing, and platform accountability. One standout trend? The explosive rise of instant banking services, especially in […]
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Novomatic Americas and Cage Puerto Rico II Strengthen Partnership for Puerto Rican Street Gaming Market
NOVOMATIC Americas, a prominent subsidiary of the global gaming technology giant NOVOMATIC, has entered into a strategic long-term partnership with CAGE Puerto Rico II Inc. This deal is set to boost the Puerto Rican street gaming market, further solidifying the two companies’ already successful collaboration in other Caribbean regions. Through the newly concluded Master Sales Agreement, NOVOMATIC […]
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Russia Eyes Major Shift in Casino Oversight With New Inspection Policy
The Russian Ministry of Finance has put forward a proposal that could significantly change how the country’s gambling sector is supervised. Under the suggested reform, licensed bookmakers and casinos operating within designated gambling zones would no longer be subject to regular on-site inspections. Instead, authorities would rely solely on preventive visits to monitor compliance—an approach already used in […]
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NCAA Reportedly Closer to Lifting Ban on Professional Sports Betting
The NCAA is reportedly edging closer to a pivotal change in its stance on sports betting, with a proposal in motion to lift its longstanding prohibition on wagering on professional sports by athletes, coaches, and staff. Enforcement burden and shifting priorities: According to a Sports Illustrated report, momentum is building within the organization, with the Division I […]
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MGM Resorts Reaches New Contract with CEO Bill Hornbuckle, Extending Tenure Until 2028
MGM Resorts International has announced the renewal of CEO Bill Hornbuckle’s contract, ensuring his continued leadership through December 31, 2028. This new agreement also includes a special advisory role for Hornbuckle, who will assist with the company’s integrated resort project in Osaka, Japan, after his tenure as CEO concludes. Continued leadership amid global expansion: The extended […]
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Light & Wonder Posts Strong Q1 2025 Results Amid Global Challenges
Light & Wonder, Inc. (LNW), a global leader in gaming and digital entertainment, reported robust financial performance for the first quarter of 2025, continuing its streak of growth. The company posted consolidated revenue of $774 million, marking a 2% increase from the same period last year. This represents the 16th consecutive quarter of year-over-year revenue growth, a testament […]
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Genius Sports Reports Strong Q1 2025 Growth, Led by Betting Segment
Genius Sports has posted a robust performance for the first quarter of 2025, with total group revenue rising 20% year-over-year to $144 million. The company’s Betting Technology, Content & Services segment was the primary driver, growing 44% to $106.5 million due to successful contract renegotiations and pricing increases across existing clients. Revenue growth offset by media segment decline: CEO Mark Locke hailed […]
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Ryan Seacrest Sued Over Chumba Casino Promotion Amid Allegations of Illegal Gambling
Ryan Seacrest, the renowned host of American Idol and Wheel of Fortune, is being sued over his involvement in promoting Chumba Casino, an online social slot game app, which is accused of operating illegally in California. The lawsuit, filed by Aubrey Carillo, claims that Seacrest’s endorsement of Chumba Casino led to financial losses and contributed to the rise of gambling addiction. […]
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Genting Malaysia Acquires Full Control of Empire Resorts, Expanding New York Presence
Genting Malaysia Bhd has announced its decision to acquire the remaining 51% stake in Empire Resorts Inc. for US$41 million (RM177 million), gaining full control of the loss-making gaming operator. The acquisition will increase Genting Malaysia’s ownership of Genting Empire Resorts LLC (GERL), which owns Empire Resorts, a company already partially under Genting’s control. The transaction includes a debt assumption of US$39.7 million from Kien Huat […]
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NBA Presses CFTC for Oversight as Prediction Markets Expand Rapidly
Over the past several months, the National Basketball Association has intensified its scrutiny of sports prediction markets, becoming the second major U.S. league to formally raise concerns with the Commodity Futures Trading Commission (CFTC). In a detailed letter, the NBA urged the federal regulator to impose stricter oversight on exchanges like Kalshi, Robinhood, and Crypto.com, citing significant integrity threats posed by unregulated or […]
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