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...
The long-awaited casino project by the North Fork Rancheria of Mono Indians has taken a major leap forward with the finalization of nearly $725 million in financing. The funding will go toward building the expansive North Fork Mono Casino & Resort near Madera, California—a project more than two decades in the making. Announced this week, the North Fork Rancheria Economic...
Macau’s government has officially appointed Ng Wai Han as the new Director of the Gaming Inspection and Coordination Bureau (DICJ), marking the first time a woman has assumed the leadership of the city’s key gaming regulatory authority. Her one-year appointment, which took effect on 7 May 2025, was formalized through an executive order issued by the Secretary for Economy and Finance, Tai Kin Ip. This appointment...
The Botswana Gambling Authority (GA) has officially awarded ten bookmaker licenses in a push to expand and regulate the country’s gambling industry. Six of these operators have already launched, with one choosing to withdraw, and the remaining three expected to begin operations shortly. The announcement came during the launch of BetXplosion, one of the newly licensed operators, and reflects Botswana’s broader effort to stimulate the...
Wynn Resorts has opted to delay a series of capital expenditure projects valued at approximately $375 million, including the highly anticipated remodel of its Encore tower in Las Vegas. CEO Craig Billings made the announcement during the company’s Q1 2025 earnings call, attributing the decision to ongoing uncertainty around U.S. tariffs, which have introduced cost unpredictability for construction-related materials. Although the operational cost effects of tariffs—particularly on...