As U.S. iGaming expansion continues to stall, sweepstakes casinos are filling the void—emerging as one of the fastest-growing and most debated segments of the online gambling industry. The June update from Waterhouse VC highlights how this legally murky model is attracting both players and investors, with revenues soaring and competition intensifying. Sweepstakes Outpacing Regulated iGaming Waterhouse VC, a venture capital...
In a significant move in the ongoing legal battle between Aristocrat and Light & Wonder, a Nevada court has ruled in favor of Aristocrat’s renewed motion to obtain discovery of math models for Light & Wonder’s Hold N’ Spin games released since 2021. This decision continues the litigation that began when Aristocrat accused Light & Wonder of misappropriating its trade secrets to...
Sri Lanka is moving forward with plans to create its new Gambling Regulatory Authority (GRA), a step that aims to enhance oversight of the country’s rapidly growing gaming industry. The national government has set a target to have the GRA fully operational by June 30, 2026, after recent discussions in Parliament. This milestone follows the passage of the Gambling Regulatory Authority Bill...
Despite facing significant obstacles in the competitive casino race, SL Green Realty’s CEO Marc Holliday remains optimistic about the future of their $5.4 billion Times Square casino proposal. This optimism follows the company’s disappointing rejection by the community advisory committee, which recently voted against the development plan. Casino Race Continues Despite Setbacks The proposed casino, located at 1515 Broadway in the...
Online entertainment has undergone a remarkable transformation in recent years, with platforms rapidly evolving to meet changing user expectations. From live streaming to interactive media, the landscape is more dynamic than ever. This article explores the trends, technologies, and strategies driving the next wave of online engagement, offering a comprehensive look at how entertainment platforms are redefining user experiences worldwide....
Attorney Tom Goldstein, co-founder of SCOTUSblog and a seasoned Supreme Court advocate, has suffered another major legal blow ahead of his upcoming trial. A federal judge rejected his bid to exclude statements he made about nearly $1 million in cash he carried into the United States in 2018, allowing prosecutors to present the disputed evidence in court. Judge’s Ruling on Suppression and...
Cryptocurrency exchange Kraken has deepened its foothold in the U.S. derivatives sector through a $100 million acquisition of Small Exchange, a designated contract market (DCM) regulated by the Commodity Futures Trading Commission (CFTC). The move marks a significant step toward building a fully U.S.-based derivatives ecosystem that aligns with the exchange’s global ambitions. The purchase from IG Group gives Kraken...
Nevada’s gaming watchdog has intensified its stance against prediction markets, joining a growing list of state regulators warning that contracts based on sports, politics, or entertainment outcomes are considered unlawful betting activity. On Wednesday, the Nevada Gaming Control Board (NGCB) issued a notice (pdf) titled “Sports Event Contracts Are Wagers,” underscoring that such contracts are deemed wagering under state law—“whether...
Illinois Governor JB Pritzker, one of the country’s wealthiest elected officials and a potential 2028 presidential contender, revealed he won $1.4 million from gambling during a Las Vegas vacation last year. According to tax filings released by his campaign, the windfall came from playing blackjack while the governor was traveling with his wife, MK Pritzker, and several friends. Speaking at...
Macau’s gaming industry has proven its resilience, with the latest figures from the Gaming Inspection and Coordination Bureau (DICJ) highlighting positive developments across multiple segments for the third quarter of 2025. Gross gaming revenue (GGR) for the city reached an impressive MOP 62.57 billion (US$7.83 billion), marking a 12.5% increase compared to the previous year. This growth is indicative of the sector’s recovery and...