PlayStar, a prominent player in New Jersey’s online casino market, has taken a significant step to cement its position and foster expansion by establishing a new Advisory Board. This strategic move is designed to leverage the extensive experience of industry veterans to guide the company’s growth, particularly as it eyes opportunities beyond the Garden State. Strategic expansion and industry expertise: The newly...
In a surprising turn of events that has rippled through the poker community, Phil Hellmuth, a venerable figure in the world of poker, has declared his intention to skip the upcoming 2025 World Series of Poker (WSOP) Main Event. This decision was announced shortly after the WSOP unveiled its eagerly awaited schedule for the year. Hellmuth, known for his record 17 WSOP bracelets,...
Light & Wonder (L&W) has confirmed a definitive agreement to acquire the charitable gaming assets of Grover Gaming, marking a significant move into the charitable gaming market. The deal, valued at $850 million in upfront cash payments, also includes a potential four-year, revenue-based earn-out of up to $200 million. Subject to regulatory approvals and other customary conditions, the transaction is...
State Secretary for Legal Protection, Teun Struycken, has outlined a major overhaul of Dutch gambling regulations, emphasizing the protection of young adults and minors. The proposed changes, expected to be formalized by the end of 2025, include raising the minimum age for certain high-risk gambling activities to 21, tightening deposit limits, and increasing enforcement against illegal operators. Struycken has announced...
In an ambitious move to carve out a significant niche in the global gaming market, Thailand has introduced stringent entry criteria for local residents wishing to access its upcoming casinos. Under new draft regulations released by the Office of the Council of State, Thai nationals are required to hold at least 50 million baht ($1.5 million) in fixed deposits for a minimum of six months. Additionally, a...
Asia-Pacific Strategic Investments (APSI), a Catalist-listed company, has entered into two significant agreements with the Democratic Republic of Timor-Leste government to kickstart substantial economic ventures in the region. On February 8, 2025, the firm signed cooperation agreements with the vice prime minister, coordinating minister for economic affairs and minister of tourism and environment of the Southeast Asian nation. These agreements...
Churchill Downs, the iconic Louisville racetrack known for the Kentucky Derby, has announced the closure of its in-person sportsbook operations, pivoting away from retail betting in the face of overwhelming mobile wagering trends. Darren Rogers, spokesperson for Churchill Downs, stated that the decision was driven by the negligible share of in-person betting in overall sports wagering volumes. “With 98% of sports betting made...
The poker landscape shifted dramatically at the $1,500 Champions Club Winter Poker Open Main Event in Houston, Texas. Former poker luminary Ali Imsirovic, known for his high-stakes prowess, was ousted and barred from the event by tournament officials, following multiple allegations of cheating that have marred his once-stellar reputation. Fall from grace: Just three years prior, Imsirovic was celebrated across the poker community,...
The Norwegian Lotteries and Gaming Authority (Lotteritilsynet) has announced a potential fine of NOK 36 million (€3.1 million) against Norsk Tipping due to a critical flaw in its iOS gaming app. The error, which surfaced after a January 2024 iOS update, prevented players from using self-exclusion and time-out tools within the mobile application. As a result, affected users were unable...
Star Entertainment Group is weighing a $650 million debt financing offer from Oaktree Capital Management as the Australian casino operator faces serious financial uncertainty. With dwindling liquidity and ongoing restructuring efforts, the company is actively exploring solutions to stabilize its operations. The casino operator recently disclosed its financial struggles, revealing that it had only $78 million in cash reserves as...