Robinhood has decided to halt its newly introduced Super Bowl betting contracts just one day after launch, following a request from the U.S. Commodity Futures Trading Commission (CFTC). The online brokerage had rolled out the product in partnership with derivatives exchange Kalshi, but regulatory concerns quickly led to its suspension. The CFTC’s request comes amid increasing scrutiny of event-based trading...
The Asian Poker Tour (APT) has officially unveiled its 2025 festival calendar, promising a series of high-stakes tournaments across key Asian locations. The tour, sponsored by Natural8, will feature five major stops in three different destinations throughout the year, including highly anticipated events in the Philippines, Taiwan, and South Korea. The first stop of the APT 2025 season will be...
DigiPlus Interactive Corp., a Philippine-based gaming company, is actively seeking a local strategic partner to help launch its online gaming operations in Brazil. The company was granted a license to operate sports betting and online gaming within the country, marking a significant milestone in its global expansion. Pursuit of a strategic partner: Eusebio Tanco, the chairman of DigiPlus, shared in a recent interview that...
Oddfellahs Sportsbook & Bar in Portland, Maine, has been forced to halt its in-person sports betting operations after the state of Maine revoked its temporary gaming license. This decision, which came as a shock to the business, arrives at a particularly sensitive time, just ahead of major sporting events like the Super Bowl and March Madness. For the venue’s owner, Michael Cianchette, and his team,...
In an effort to cater to its growing foreign clientele, Kangwon Land, South Korea’s only casino that permits local patrons, has launched a pilot program for a dedicated “Casino Zone for Foreigners Only.” This initiative is a result of the approval granted in September 2024 to modify the casino’s operating restrictions. The aim is to make the experience more tailored to international visitors...
Mathew Bowyer, a former bookmaker, has publicly shared his role in a high-profile gambling scandal involving Ippei Mizuhara, the former interpreter for baseball star Shohei Ohtani. For the first time, Bowyer admitted his involvement in a scheme that led to Mizuhara’s massive gambling losses, which ultimately impacted the Los Angeles Dodgers superstar’s finances. The downfall of a bookmaker and an interpreter’s gambling...
The Virginia Senate has approved a bill that could pave the way for a casino referendum in Tysons, sending the measure to the House of Delegates for further deliberation. The proposed legislation, Senate Bill 982, passed with a 24-16 vote, sparking debate among lawmakers and community members over its potential economic benefits and local opposition. If both chambers of the...
BlueBet Holdings has made a significant move to consolidate its position in the Australian online wagering market by acquiring certain assets from Queensland bookmaker TopSport in a deal valued at $15 million. This strategic acquisition will help BlueBet further strengthen its market share, bringing it closer to its target of holding 10-15% of the domestic market. The deal, which includes the acquisition of TopSport’s customer base, intellectual...
In its Fiscal Year 2024 (FY24) report, BetMGM LLC has reflected on a challenging yet pivotal year of investments and strategic shifts. The sports betting and iGaming operator, a joint venture between MGM Resorts and Entain, faced a deeper-than-expected EBITDA loss of $244 million, compared to $62 million in 2023. Despite this setback, the company demonstrated resilience through a 7% year-on-year increase in net revenue, reaching $2.1 billion. Notably, iGaming proved...
After nearly a year of extensive renovations, Comanche Cache Casino is preparing for its grand reopening on Friday, February 21, 2025, after closing in February 2024 for a major expansion. As part of this phase two development, the casino is set to introduce an array of upgraded features, including a larger gaming floor, a newly designed outdoor veranda, and a convenience store complete...