Bally’s Corporation has disclosed its financial outcomes for the concluding quarter and the entirety of 2024, revealing a nuanced year of strategic maneuvers amid some operational hurdles. The company witnessed a slight decrease in annual revenue, reporting a 5.1% drop to $580.4 million in Q4, while the full-year figures stood resilient at approximately $2.45 billion, marginally up from 2023. The...
On 5 March 2025, Ireland marked a significant development in its gambling regulation landscape. The newly established Gambling Regulatory Authority of Ireland (GRAI) officially commenced operations, embarking on a mission to enforce and oversee the country’s new Gambling Regulation Act 2024. The GRAI has taken a pivotal step by initiating a robust regulatory framework designed to ensure public safety and...
When Corrinne Durber, a gardener from Gloucestershire, UK, noticed that her £1 million jackpot win on a Paddy Power game was drastically reduced to just £20,000, she faced a critical decision. Opting not to accept the reduced payout, Durber initiated a legal challenge against the gambling giant. This decision led to a High Court case that concluded with Durber being awarded exactly £1,076,867.57, marking a significant victory for...
In a significant development for Pennsylvania’s gaming industry, SC Gaming has teamed up with Saratoga Casino Holdings to finalize the construction and management of the upcoming casino at the Nittany Mall, located near Penn State University. This collaboration follows the withdrawal of Bally’s Corporation from the project, marking a pivotal shift in the casino’s development trajectory. Strategic collaboration to enhance gaming experience: The...
In a groundbreaking move, Nevada has become the first state to legally challenge the operations of Kalshi, a fintech company offering futures contracts on sports and election outcomes. The Nevada Gaming Control Board (NGCB) issued a cease-and-desist letter to Kalshi, marking a significant escalation in the oversight of event-based betting markets. Legal and regulatory stakes rise: The NGCB’s directive requires it to cease its Nevada...
In a strategic move to fortify its position as a global gaming hub, Macau has escalated tax rebates for gross gaming revenues generated from international players in 2024. This initiative, detailed in a recent response by the Macau Government Tourism Office (MGTO) to legislator Lei Chan U’s inquiry, underscores efforts to widen the city’s international tourism markets. Regulatory enhancements and operator compliance: With the implementation of a new...
In a pivotal decision, the Hawaii House of Representatives has passed a measure that could transform the state’s stance on gambling by introducing legal online sports betting. This move marks the furthest progression of such a proposal in the legislative arena over the past decade, igniting a robust debate among lawmakers about the potential repercussions and benefits. The bill, known...
In a significant restructuring move, BetMGM has announced it will cut 83 jobs at its headquarters in Jersey City, New Jersey. This decision comes as the company navigates a slowdown in the sports betting market, which has impacted growth and market dynamics across the industry. The layoffs, effective from May 27, were disclosed in a notice (pdf) filed with the...
In a significant legislative move, the North Carolina House of Representatives is currently deliberating a bill that could allow state residents to deduct gambling losses from their income taxes. This proposal, which aims to align state tax policies with federal regulations, has stirred a mix of support and opposition across political and public spheres. The bill, officially recognized as House...
Prior to the state election, the NSW government had campaigned on a clear pledge to significantly reduce the number of poker machines across the state. This commitment, articulated by prominent figures like Treasurer Daniel Mookhey, promised the removal of 9,500 poker machines through a dual approach of buybacks and forfeitures. During an early 2023 interview with Sky News, Mookhey emphasized the rapid implementation of their...