MGM Resorts International has expressed strong interest in establishing a multi-billion-dollar integrated casino resort in Bangkok, but its commitment hinges on Thailand implementing a supportive tax regime and permitting domestic access to gambling facilities. With early investment estimates ranging between US$3 billion and US$5 billion, the U.S.-based gaming giant is positioning itself as a key stakeholder should Thailand legalize casino resorts under the proposed entertainment...
Kangwon Land Inc, operator of South Korea’s only casino open to local residents, is significantly ramping up its efforts to attract international gamblers. As part of a broader strategy to compete with neighboring markets, the company has introduced a series of initiatives designed to boost its foreigner-only gaming zone, while also expanding the overall resort and increasing betting limits on select tables....
Evolution has officially introduced its latest live casino game show, Red Door Roulette, to U.S. audiences, starting with launches in New Jersey and Delaware. The title blends two of the company’s most successful formats—Lightning Roulette and Crazy Time—to offer a dynamic, bonus-filled experience tailored for live online casino players. Initially launched globally in 2023, this is the first time Red Door Roulette is available in the United States, with more...
A pivotal piece of legislation aiming to completely revamp Texas’ lottery system and dissolve its embattled oversight body has taken another step forward. Senate Bill 3070, which received unanimous support in the Texas Senate and was recently approved 10-4 by the House State Affairs Committee, proposes to abolish the Texas Lottery Commission and place lottery oversight under a different state...
Kalshi, the online prediction market known for enabling users to trade on real-world outcomes, is entering a strategic partnership with Elon Musk’s artificial intelligence venture, xAI. This collaboration aims to infuse Kalshi’s platform with real-time, AI-driven insights, helping users make better-informed decisions as they place bets on future events such as economic indicators, elections, or sports. The two companies announced...
Las Vegas tourism stakeholders are urging Nevada to reconsider long-standing barriers between the cannabis and casino industries, arguing that more flexible cannabis regulations could be key to revitalizing visitation and outpacing competitors. Cannabis rules seen as a barrier to tourism: During a panel at the University of Nevada, Las Vegas—hosted by the Cannabis Policy Institute and the International Gaming Institute—Seth Schorr, CEO of Fifth...
Indonesia’s Financial Transaction Reports and Analysis Center (PPATK) has temporarily frozen more than 28,000 bank accounts in 2024, as part of a nationwide initiative to counter illegal online gambling and other financial crimes. The affected accounts, flagged as either dormant or unlawfully traded, are suspected of being used to channel money linked to gambling, fraud, drug trafficking, and other illicit operations. Dormant accounts at the center...
As more competitors drop out of the downstate New York casino race, Yonkers Mayor Mike Spano is calling on state officials to immediately issue casino licenses to MGM Empire City Casino in Yonkers and Resorts World New York in Queens. Major bidders exit, community-backed sites remain: In a public statement, Spano emphasized that both venues are “shovel ready” and backed by strong community support, making them ideal candidates for...
Light & Wonder has significantly raised its future earnings expectations, announcing during its 2025 Investor Day that it now aims to achieve US$2 billion in adjusted EBITDA by the year 2028. This target marks a substantial increase from the company’s previously declared US$1.4 billion goal for 2025, and outlines an aggressive growth trajectory over the next three years. Strategic focus: market gains and segment expansion: During the presentation...
PrizePicks, North America’s top daily fantasy sports (DFS) platform, has officially partnered with the Houston Astros in a move that strengthens its growing foothold in Major League Baseball. The newly announced multi-year collaboration designates PrizePicks as the Official Daily Fantasy Sports Partner of the Astros, featuring an array of digital integrations and in-stadium experiences at Daikin Park. As part of...