Ainsworth Game Technology Ltd (AGT) has formally terminated its transaction implementation agreement with Novomatic AG, marking the end of Novomatic’s unsuccessful bid to take over the Australian gaming giant. The move comes after Novomatic’s offer to acquire all outstanding Ainsworth shares failed to meet the necessary conditions before the deadline, resulting in the expiration of the offer and the subsequent cancellation of...
A new bill in Illinois aims to repeal the state’s controversial per-wager tax on online sports betting. House Bill 5143, introduced by Rep. Daniel Didech, seeks to end the tax on individual online sports wagers placed through licensed operators, effective July 1, 2026. The bill follows growing concerns from sportsbooks and operators about the impact of the tax on both their business...
Kalshi’s prediction markets delivered their largest single day of activity during Super Bowl Sunday, pushing overall platform volume close to $900 million and highlighting both the scale of demand for event-based trading and the regulatory challenges still surrounding the sector. Across contracts tied directly to the Super Bowl, Kalshi reported more than $500 million in trading volume, with total activity...
Hard Rock Hotel & Casino Atlantic City, New Jersey, has revealed an ambitious $50 million capital improvement plan set to elevate the guest experience throughout 2026. The renovation project, which is already underway, focuses on several key areas, including room upgrades, dining expansions, and property enhancements. Renovating Rooms and Upgrading Facilities A primary element of the renovation will involve the...
Entain, the parent company of Ladbrokes and Neds, has set its sights on expanding its footprint in New Zealand’s online casino industry. The company is preparing to bid for up to three online casino licenses when New Zealand’s government opens applications later this year. The strategic move aligns with Entain’s long-term goal of becoming the dominant operator in the market,...
A Massachusetts Superior Court judge has refused to pause an injunction that will require prediction markets operator Kalshi to stop offering sports event contracts in the state, reinforcing the authority of state regulators over sports wagering activity. The decision gives Kalshi 30 days to comply with the order, after which Massachusetts residents and visitors will no longer be able to...
Two Connecticut residents have been indicted for allegedly using thousands of stolen identities to defraud online gambling platforms, including FanDuel, out of nearly $3 million. Amitoj Kapoor, 29, and Siddharth Lillaney, also 29, both from Glastonbury, are facing multiple charges, including wire fraud, identity theft, and money laundering, as outlined in a federal indictment returned by a grand jury in...
Arizona Governor Katie Hobbs has unveiled a bold proposal to significantly increase the state’s tax rate on sports betting, a move that aims to generate additional revenue for the state budget. Under the proposal, the tax rate for large sports betting operations would rise from 10% to 45%, targeting sportsbooks with monthly revenue exceeding $75 million. This measure is designed to...
The scope of federal allegations against Cleveland Guardians closer Emmanuel Clase widened this week after a court filing asserted that suspicious pitches linked to betting activity occurred across at least 48 games, far beyond the nine games initially outlined by prosecutors. The new figure emerged in a filing submitted by the attorney for Luis Ortiz, a Guardians reliever who is...
Milwaukee Bucks forward Giannis Antetokounmpo has taken an ownership stake in Kalshi, a federally regulated prediction market that allows users to trade on the outcomes of future events, including sports. The announcement, made Friday, places one of the NBA’s most prominent active players in a formal business relationship with a platform that has recently expanded its presence in basketball-related markets....