BetMGM is reducing investment in lower-return US sports betting markets as competition from prediction platforms puts additional pressure on operators. The company is directing more resources toward online casino gaming and higher-spending customers, following a third quarter that delivered revenue growth despite a decline in active sportsbook users. CEO Adam Greenblatt outlined the strategy during BetMGM’s October 13 business update,...
Tulalip Resort Casino in Washington has completed a three-year expansion and renovation, increasing its gaming floor by 35% and introducing new amenities inspired by the culture of the Tulalip Tribes. The project added 70,250 square feet to the property, bringing its gaming floor to 270,250 square feet. The enlarged space accommodates 400 additional slot machines, increasing the casino’s total to...
Chinese courts have sentenced three members of the Wei family criminal syndicate to death for operating illegal casinos and scam compounds in northern Myanmar. The organisation handled more than RMB12.2 billion (approximately US$1.7 billion) in illicit gambling and fraud funds and was linked to the deaths of four Chinese nationals. The Quanzhou Intermediate People’s Court and Nanan City People’s Court...
Hacksaw Gaming (Hacksaw AB) shares fell sharply on October 12 after the Swedish gaming supplier reported slower revenue growth in its preliminary third-quarter 2026 update. The company cited softer market conditions and weaker game performance compared with recent reporting periods. Shares fell 27.24% to SEK59.40 in Stockholm following the announcement. The projected revenue increase was also below the approximately 30%...
New Zealand has identified 11 entities eligible to apply for online casino licences following an auction that attracted 32 bidders and concluded after 10 rounds. The Department of Internal Affairs (DIA) announced the results on October 13, confirming that each successful application right carries a fee of NZ$15 million (US$8.4 million). The government has made 15 licences available under the...
French Guiana’s first casino will open on November 5, with COGIT Group confirming a 10am launch for its Casino-Théâtre de Cayenne following several delays. The €35 million development will introduce a gambling venue to the territory, alongside facilities for dining and live entertainment. Caysino, a subsidiary of the Martinique-based operator, will manage the property under a 20-year public service concession....
Liquor & Gaming NSW (L&GNSW) has fined two venues for breaching mandatory gaming machine shutdown rules, following an enforcement operation across New South Wales. The Crown Hotel in Camden and East Cessnock Bowling Club received penalties, while another establishment received an official caution and a fourth faces formal disciplinary proceedings. The action follows changes introduced in April 2026, when the...
Preliminary findings from a University of Nevada, Las Vegas (UNLV) study suggest that 7% of surveyed Colorado gamblers experience serious gambling problems, raising concerns about consumer risks in the state’s regulated betting market. Led by UNLV psychology professor Shane Kraus, the research involved 500 randomly selected Colorado residents, including gamblers and non-gamblers. Early results indicated that 4% participated in gambling,...
Peru’s online gambling industry could face a substantial increase in its tax obligations under a legislative proposal that would raise the Selective Consumption Tax (ISC) on remote betting from 1% to 5% of each wager. Filed in Congress on October 6, 2026, the initiative cites public health concerns and the potential for higher government revenue as the main reasons for...
The United States Commodity Futures Trading Commission (CFTC) has introduced two regulatory measures aimed at defining its authority over prediction markets and distinguishing event-based financial contracts from conventional gambling products. Announced Friday, the measures would formally classify event contracts linked to sports, politics, culture and weather as swaps while explicitly excluding sportsbook wagers and casino games from that category. The...