Representative Dina Titus of Nevada has once again failed in her attempt to reinstate the full gambling loss deduction, this time through the annual National Defense Authorization Act (NDAA). The House Rules Committee, controlled by Republicans, rejected her proposal to attach the Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR Bet) Act to the 2026 defense spending package. Titus’ Push to Restore Full...
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sweeping sanctions on an extensive web of scam operations across Southeast Asia, citing their role in defrauding Americans out of billions while enslaving thousands of workers. The measures, announced on September 8, 2025, affect nine individuals and entities linked to Burma and ten others in Cambodia. Washington Targets Expansive Cyber...
The Koi Nation’s long-planned Shiloh Casino and Resort project outside Windsor has been thrown into uncertainty after a federal judge overturned the U.S. Department of the Interior’s (DOI) approval of the tribe’s land-into-trust application. The ruling, delivered by Judge Rita F. Lin of the Northern District of California, invalidates the Biden administration’s 2025 decision to place 68 acres into federal...
Finland’s gambling operator Veikkaus has reported mixed results for the first half of 2025, with declining domestic performance contrasting with strong international growth. The company confirmed that its actual sales revenue for January–June reached €466.4 million, reflecting a 3.6% year-on-year drop compared with €484 million in the same period of 2024. Operating profit decreased by 10.6% to €220.6 million, while profit stood at €229.6 million, marking a 9% fall. Domestic Pressures Challenge...
Wynn Resorts and its partners in Ras Al Khaimah are preparing for broader development beyond their flagship project, with a shareholders’ agreement revealing that land has been earmarked for a second integrated resort. The document, dated June 21, 2024, and filed with the U.S. Securities and Exchange Commission earlier this year, was signed by Wynn Resorts, RAK Hospitality Holding, and...
New York’s betting market delivered a standout performance in August 2025, surpassing $2 billion in wagers for the first time since May. According to the New York State Gaming Commission (NYSGC), the monthly handle reached $2.04 billion, an increase of 41.9% compared with August 2024 and 45.9% above July’s $1.4 billion. Sports Betting Hits Milestone in August Gross gaming revenue (GGR) for sports betting...
Tipico Group has officially finalized its acquisition of ATLAS Group GmbH, the parent company of Admiral in Austria, from Novomatic AG. The deal, first announced in January 2025, required clearance from the Austrian Federal Competition Authority before it could be completed. The transaction marks one of the most significant mergers in the German-speaking betting and gaming market this year. Tipico Completes Takeover of Admiral Austria...
During the opening week of the NFL season, prediction market operator Kalshi came under pressure after analysts determined its betting prices were consistently less competitive than those at major sportsbooks. A study by Citizens JMP Securities, cited by Next.i,o revealed that bettors using Kalshi faced higher effective costs for both moneyline and over/under wagers compared to DraftKings and FanDuel once...
Vietnamese developer Sun Group has announced that its highly anticipated casino and resort project in Van Don, Quang Ninh Province, will be fully operational by 2032. Estimated at over US$2 billion in investment, the Van Don Integrated Casino & Tourism Complex represents one of the largest hospitality ventures in the country’s northern region. The project, situated within the Van Don...
One year after opening the doors to its $300 million permanent facility, Hard Rock Casino Rockford is mapping out its next chapter — with a hotel and new amenities topping the list. The timing is critical. Just 18 miles north, the Ho-Chunk Nation is pressing ahead with a massive Beloit casino complex that could reshape gambling along the Illinois-Wisconsin border....