Federal prosecutors in New York have indicted Richard Kim, the former chief executive officer of Zero Edge Corporation, on allegations that he diverted millions in startup funding into personal cryptocurrency trading and online gambling. According to court documents, Kim, 39, is charged with one count of securities fraud and one count of wire fraud, each carrying a potential sentence of up to 20 years in prison...
Americans are wagering hundreds of billions of dollars each year with unregulated gambling operators, according to a new analysis from the American Gaming Association (AGA). The report estimates that $673.6 billion annually is spent through illegal channels, diverting significant economic activity from licensed operators and depriving states of critical tax revenue. While the expansion of regulated gaming has trimmed some...
The Northern Territory Racing and Wagering Commission (NTRWC) has penalised bookmaker BlueBet for “serious” breaches of responsible gambling obligations, finding that the company repeatedly incentivised a high-stakes VIP customer despite numerous signs of gambling harm. The regulator’s decision, published on 13 August 2025, detailed that the customer—identified as “Mr P”—deposited more than A$700,000 over a four-month period in 2021 and ultimately lost nearly A$570,000. Bonus Bets and Ignored Closure Requests Instead...
The Formula One Las Vegas Grand Prix has resolved disputes with several local businesses that claimed significant financial losses from the event and its related construction work. Race officials confirmed Tuesday, August 12, that agreements were reached with Battista’s Hole in the Wall restaurant, Stage Door Casino—both owned by Randy Markin—and Jay’s Market, a nearby convenience store. Settlement Ends Disputes With Off-Strip Businesses Court...
A recent report by sociocultural research firm The Fourth Wall has found that online cockfighting, or e-sabong, remains widely accessible in the Philippines despite being prohibited since December 2022. The nationwide suspension, ordered by President Ferdinand Marcos Jr. under Executive Order No. 9, halted all online, remote, and off-cockpit betting on live cockfights, as well as any livestreaming of such matches outside official venues. Key Differences Between Licensed...
The Golden Gate Hotel & Casino, the oldest operating hotel in Las Vegas, is preparing for a dramatic transformation of its gaming floor. In a move that signals changing times for downtown’s gambling scene, the 119-year-old property will phase out all live dealer table games and replace them entirely with electronic table games (ETGs) and slot machines. The decision, announced...
The Department of the Interior and Local Government (DILG) has implemented a sweeping ban on online gambling in the Philippines, barring all personnel, employees of attached agencies, and elected or appointed officials from local government units (LGUs) from accessing or participating in such activities. The order, issued under Memorandum Circular No. 2025-082, takes effect immediately and warns that violations will result in administrative...
Ontario Lottery and Gaming Corporation (OLG) has introduced online horse race wagering for its players through a new collaboration with Woodbine Entertainment Group (WEG). The integration allows users on OLG.ca and the OLG app to place bets on live horse races from tracks across Ontario and worldwide, including marquee events like The King’s Plate at Woodbine Racetrack on August 16. Streamlined Integration and Industry Impact...
Yonkers residents and local leaders gathered Monday, August 11, at the Grinton I. Will Public Library for the first of two mandated public hearings on MGM Empire City’s application for a commercial casino license. Hosted by the Community Advisory Committee (CAC), the meeting gave attendees three minutes each to present their opinions, with no direct questions to committee members or MGM permitted....
Snoqualmie Casino & Hotel in Washington officially opened its long-anticipated hotel on August 8, marking the completion of a project that has been in the works for seven years. The ribbon-cutting ceremony drew hundreds of attendees, including Snoqualmie Tribe elders, media, community members, and local stakeholders. Robert de los Angeles, chairperson of the Snoqualmie Tribal Council, emphasized the significance of the casino’s...