Alberta has reached a key milestone in its path toward establishing a regulated sports betting market. On May 8, the Alberta legislature’s Committee of the Whole passed Bill 48, officially known as the iGaming Alberta Act, as published on Legislative Assembly of Alberta’s website. Following this, the legislation cleared its third and final reading, setting the stage for the creation of a fully regulated online gambling...
Melco Resorts & Entertainment Ltd. has reported solid financial results for the first quarter of 2025, with the company’s total operating revenues increasing by 10.8% year-on-year, reaching US$1.23 billion. The strong performance was primarily driven by an improvement in both gaming and non-gaming operations across its properties. Macau market drives significant growth: The operator of casinos in Macau, the Philippines, Cyprus, and...
MGM Resorts International has announced the renewal of CEO Bill Hornbuckle’s contract, ensuring his continued leadership through December 31, 2028. This new agreement also includes a special advisory role for Hornbuckle, who will assist with the company’s integrated resort project in Osaka, Japan, after his tenure as CEO concludes. Continued leadership amid global expansion: The extended contract is a testament to...
The future of a proposed $275 million casino in Cedar Rapids now hinges on a legal interpretation of a two-word phrase in a 2021 ballot measure, as a district judge weighs arguments presented by parties for and against the contentious development. Judge Michael Schilling of Iowa’s Eighth Judicial District presided over final arguments Wednesday at a neutral venue in Mount...
Japan’s government is preparing to revive the bidding process for integrated resorts (IRs) that include casinos, aiming to greenlight up to two new developments by the end of 2027. This move comes as the country continues to position itself as a potential major player in the global casino industry, despite initial delays and regulatory hurdles. According to a report by...
Fanatics Sportsbook announced it refunded over half a million dollars in prop bets after Golden State Warriors star Stephen Curry exited Game 1 of the Western Conference semifinals due to a hamstring injury. The injury, which forced Curry off the court during the second quarter against the Minnesota Timberwolves, triggered Fanatics’ recently expanded Fair Play Policy — a customer-first initiative...
Kero Gaming, a provider of real-time micro-betting solutions, has successfully secured $3 million in funding to accelerate its growth in the rapidly expanding sector of micro-betting. This investment comes as the company continues to innovate in delivering algorithmically-curated, context-sensitive odds feeds to sportsbooks around the world. Expansion into new markets:The Series A funding round was spearheaded by SIG Sports, a division of the Susquehanna International...
Ohio is on the verge of considering new legislation that would allow residents to participate in online casino gambling, a move designed to create additional state revenue while avoiding controversial tax hikes. Representative Brian Stewart, a prominent Republican and Chair of the House Finance Committee, has confirmed that he is spearheading efforts to introduce a bill to legalize online casinos, including virtual poker and other games,...
Light & Wonder, Inc. (LNW), a global leader in gaming and digital entertainment, reported robust financial performance for the first quarter of 2025, continuing its streak of growth. The company posted consolidated revenue of $774 million, marking a 2% increase from the same period last year. This represents the 16th consecutive quarter of year-over-year revenue growth, a testament to Light & Wonder’s strong...
HG Vora Capital Management, a New York-based investment firm, has filed a lawsuit in the U.S. District Court for the Eastern District of Pennsylvania against Penn Entertainment, Inc. The complaint accuses the company of breaching Pennsylvania’s Business Corporation Law and violating federal securities laws by reducing the number of board seats available for election in its upcoming 2025 Annual Meeting. The suit was filed after...