Reef Casino Trust (RCT) has confirmed that it has accepted a revised takeover proposal from Iris Cairns Property Pty Ltd, with the updated offer valuing each unit of the trust at A$3.87, an increase from the original A$3.72 offer. The higher bid now values the total equity of the trust at approximately A$192.7 million. The agreement follows amendments to the Takeover Bid Implementation Agreement (TIA) between Reef Corporate...
Nevada Rep. Dina Titus is intensifying efforts to reverse a controversial tax change impacting gamblers across the United States. On Wednesday, August 27, the co-chair of the Congressional Gaming Caucus announced that she has filed her Fair Accounting for Income Realized from Betting Earnings Taxation Act (FAIR BET Act) as an amendment to the 2026 National Defense Authorization Act (NDAA), a legislative strategy that significantly boosts...
The Victorian government has granted Crown Melbourne an additional two years to implement mandatory carded play across its table games, moving the deadline from December 2025 to December 2027. The extension, outlined in legislation introduced by Police Minister Anthony Carbines, has triggered renewed debate about the state’s commitment to gambling reform and anti-money laundering measures. Extended Timeline and Government’s Justification Mandatory carded play, one of...
Las Vegas, long celebrated as an affordable playground for travelers, is facing a downturn in visitor numbers as rising costs and controversial resort fees discourage tourists. For the first half of 2025, visitation fell by 7.3 percent compared with the same period in 2024, marking the steepest decline in years. June recorded an 11 percent year-over-year dip, while July is...
Elite Casino Resorts, LLC, based in Riverside, Iowa, has signed a definitive agreement to acquire the assets and operations of Great River Entertainment, LLC, which include Catfish Bend Casino and FunCity Resort in Burlington, Iowa. This acquisition represents more than just business growth for the company — it marks a symbolic return for the Kehl family, who were instrumental in the early days of casino...
Venmo has announced a strategic partnership with the NCAA to address the growing issue of harassment targeting college athletes, particularly in connection with sports betting. The collaboration introduces a range of measures designed to create a safer environment for student-athletes using the popular payment app. New Measures Aim to Address Harassment Linked to Sports Betting This initiative comes as online harassment continues to rise...
Macau Legend Development Ltd has announced that it expects to record a significant loss of approximately HK$1.42 billion (US$182 million) for the first half of 2025, a sharp increase from the HK$110 million (US$14.1 million) loss during the same period last year. The company disclosed in a filing to the Hong Kong Stock Exchange that the setback stems largely from an impairment loss of about HK$1.29 billion (US$165 million)...
Brazil’s regulated betting and iGaming market has shown remarkable growth in the first six months of 2025. According to data released by the Ministry of Finance’s Prizes and Betting Secretariat (SPA) on August 26, gross gaming revenue (GGR) totaled BRL 17.4 billion (USD 3.2 billion) from January to June. This sum reflects the amount wagered minus prizes paid and highlights the spending trends of approximately 17.7...
Caesars Sportsbook will soon be adding an extra charge for Illinois bettors. Beginning September 1, the operator will implement a 25-cent fee on every online wager placed in the state, a direct response to Illinois’ recently enacted per-bet tax. The move aligns Caesars with Fanatics Sportsbook, which is also applying a 25-cent charge, while competitors such as DraftKings and FanDuel...
With just days remaining before the Asia Cup, the Board of Control for Cricket in India (BCCI) finds itself without a title sponsor after Dream11 confirmed its withdrawal from the partnership. The decision follows the recent passage of the Promotion and Regulation of Online Gaming Bill, 2025, which prohibits money-based online gaming and related promotions. The law, approved by both...