Gaming and Leisure Properties, Inc. has announced a major expansion of its real estate portfolio with the purchase of Sunland Park Racetrack & Casino in southern New Mexico. The real estate investment trust (REIT) is paying $183.75 million—rounded in some reports to $183.8 million—for the property, a transaction that carries an initial capitalization rate of 8.2%. The deal, scheduled to...
Ontario’s gambling landscape is set to change as the Ontario Lottery and Gaming Corporation (OLG) prepares for the closure of its Optional Slots at Racetracks Program (OSARP) by March 31, 2026. This move will impact several racetracks that have benefited from temporary gaming support since 2019, including Gateway Casino Sarnia at Hiawatha Horse Park in Sarnia and Kawartha Downs near Peterborough. Both venues, which currently feature about 150...
BMM Testlabs, a global leader in gaming certification and testing, has announced a significant milestone: the company has secured full access to the U.S. Class III certification market. This achievement, 25 years in the making and backed by an investment of $20 million, has marked a pivotal moment in BMM’s history and is expected to drive continued growth for the company’s land-based...
Estonia’s governing coalition, led by Prime Minister Kaja Kallas, has introduced a bill proposing significant reductions in the country’s gambling tax rates, with a primary goal of attracting foreign investment. The bill, backed by the Reform Party and Eesti 200, seeks to lower the remote gambling tax from its current rate to just 4% by 2029. This measure aims to position Estonia as an...
Paddy Power, part of Flutter Entertainment, has introduced its first-ever sportsbook inside a casino, marking a significant innovation in the UK gambling landscape. Located at the prestigious Hippodrome Casino in central London, this new offering is designed to elevate the betting experience by combining sports viewing with social entertainment. The sportsbook, which officially opened its doors on October 2nd, is not just another betting...
Canada’s iGaming scene and it’s starting to turn heads across North America. Ontario has emerged as a major hub, boasting one of the largest regulated online gaming markets on the continent. With 50 operators servicing 83 gaming sites, players have more digital gambling options than ever. And not only are there more options online but the games available are also...
After years of lobbying, millions in spending, and heated community debate, Steve Cohen’s ambitious casino proposal for the area around Citi Field has officially cleared a crucial hurdle. On Tuesday, the Hard Rock Hotel & Casino Metropolitan Park project received unanimous approval from a local advisory committee, ensuring its place in the final round of New York State’s casino licensing...
Robinhood Markets Inc., best known for reshaping retail stock trading, is now preparing to take its fast-growing prediction markets business beyond U.S. borders. The company has already opened discussions with overseas regulators, including the UK’s Financial Conduct Authority (FCA), as it evaluates how to bring event-based contracts to international customers. The push comes as Robinhood looks to capture a bigger...
Macau’s casino industry generated MOP18.3 billion (US$2.27 billion) in gross gaming revenue (GGR) during September, according to figures released by the city’s Gaming Inspection and Coordination Bureau (DICJ). The result marked a 6 percent year-on-year increase but was 17.5 percent lower than August’s total of MOP22.16 billion (US$2.76 billion), which had been the highest monthly tally since January 2020. Seasonal Slowdown and Typhoon Impact...
Sweden is preparing to implement one of Europe’s toughest restrictions on gambling-related payments. A bill introduced by the government will prohibit the use of all forms of credit for gambling, closing a loophole that had previously allowed players to continue betting with borrowed funds. Once the new rules are in force on 1 April 2026, gamblers will no longer be able to use...