Australia’s financial crime watchdog AUSTRAC has defended the $260 million penalty imposed on Star Entertainment, with chief executive Brendan Thomas saying he never accepted the casino operator’s argument that a substantial fine would push the company into insolvency. The Federal Court ordered Star to pay the penalty last week, concluding a civil enforcement case that AUSTRAC initiated in 2022 over...
America’s commercial gaming industry generated a record $78.7 billion in 2025, but 2026 is revealing a shift beneath the headline growth. Sports betting slowed sharply through much of the first half before receiving a World Cup-driven boost in July. Online casino revenue, meanwhile, has continued posting double-digit gains, strengthening the case that iGaming could become a more important source of...
Macau’s casino industry recorded gross gaming revenue (GGR) of MOP$21.68 billion (approximately US$2.69 billion) in October, marking a 10% decline compared with the same month in 2025. Data released by the Gaming Inspection and Coordination Bureau (DICJ) and cited by Inside Asian Gaming showed that the market continued to experience annual revenue contractions despite the inclusion of China’s National Day...
Utah’s escalating legal dispute with prediction market operator Kalshi has prompted DraftKings, FanDuel and Fanatics to restrict their operations in the state. The three sportsbook-backed platforms are withdrawing event contracts following criminal charges filed against Kalshi and its co-founders by Utah Attorney General Derek Brown. DraftKings removed sports, political and novelty contracts from its platform for Utah customers on Wednesday,...
The Nevis Online Gaming Authority (NOGA) has introduced a separate licensing category for prediction markets, covering both consumer-facing operators and technology providers. The Nevis Prediction Market License launched on October 30, 2026, with application forms, licence conditions and guidance available from November 2. The framework sits apart from NOGA’s existing B2C and B2B online gaming licences. The regulator said prediction...
Jeju Dream Tower posted record casino revenue of KRW62.5 billion, or about US$46.5 million, in October 2026. The result was 24.1% higher than a year earlier and more than double September’s KRW29.0 billion total. It also exceeded the property’s previous monthly record of KRW52.9 billion, set in September 2025. According to the supplied material, Jeju Dream Tower became the first...
Hong Kong’s Securities and Futures Commission has lifted worldwide freezing orders against Lo Kai Bong and Major Success Group Limited after HK$146,859,320 was paid into court. Lo, chairman, executive director and controlling shareholder of LET Group Holdings Limited and Summit Ascent Holdings Limited, made the payment with Major Success on October 20, 2026. The amount matches the value previously covered...
Victory Casino Cruises’ Victory I remains out of service after a federal court issued a seizure warrant in a dispute over nearly $800,000 in unpaid shipyard charges. Detyens Shipyards Inc. filed a complaint on October 15 in the U.S. District Court for the District of South Carolina, alleging that Victory owes $790,666 for repairs, storage and other services. The shipyard...
Churchill Downs Incorporated (CDI) plans to relocate its historical racing machine (HRM) venue in Henry County, Virginia, after securing local approval for a larger replacement property near Martinsville Speedway. The Henry County Board of Zoning Appeals approved a Special Use Permit for the project, which will be located north of the U.S. Route 58 Bypass and east of Old Greensboro...
The Philadelphia 76ers have become the first National Basketball Association (NBA) franchise to sign an official partnership with a prediction market operator, agreeing to a multiyear deal with Kalshi as the industry expands its commercial presence across professional sports. Announced on Friday, the agreement makes Kalshi the team’s official prediction market partner and follows the NBA’s recent decision to establish...