The State Lottery of Rio de Janeiro (Loterj) has issued an ordinance suspending all betting operations beyond the state’s borders. This decision follows a ruling by Supreme Court Justice André Mendonça, who ordered the agency to comply with federal regulations limiting its jurisdiction. The new directive, published in the State Official Gazette on February 13, reinstates mandatory geolocation tracking to...
DraftKings has released its financial results for the fourth quarter and full year 2024, showcasing significant revenue growth alongside increased operating losses. The company reported a total annual revenue of $4.8 billion, reflecting a 30.1% year-over-year increase. However, its net loss for the fourth quarter surged by over 200%, influenced by rising expenses and customer-friendly sportsbook outcomes during the NFL...
For the third consecutive year, legislative efforts to introduce a casino in Fairfax County have failed. The latest attempt, Senate Bill 982, aimed at expanding Virginia’s casino-eligible localities to include Fairfax County, was unanimously blocked by a House subcommittee. This decision effectively removes the proposal from the 2025 legislative session. Members of the Commerce, Agriculture & Natural Resources Subcommittee voted...
WinView Technology, Inc. has taken a bold step by filing patent infringement lawsuits against two major players in the sports betting industry, DraftKings and FanDuel. The legal actions, filed in the District of New Jersey, accuse both companies of unauthorized use of WinView’s patented technologies in their expansive online and mobile gaming platforms. These technologies encompass a wide range of functionalities including live, in-play wagering, micro-betting, online casino...
The Mohegan Tribal Gaming Authority has announced its financial outcomes for the first quarter of fiscal 2025, ending December 31, 2024. The results indicate substantial growth in revenue and successful advancements in both domestic and international markets. Detailed financial performance: This quarter, Mohegan enjoyed a rise in net revenues to $498.9 million, an increase of $73.7 million from the same period last year, showcasing a...
In a recent legislative session, the Hawaii State Legislature took a firm stance by indefinitely deferring a bill aimed at legalizing casino gambling within the state. This decision puts a pause on Senate Bill 893, which proposed the introduction of regulated casinos into Hawaii’s new Aloha Stadium Entertainment District and at the Hawaii Convention Center, a move that stirred public and political controversy. Details of the deferred legislation:...
MGM Resorts International and its partners have officially begun work on Japan’s first casino-integrated resort in Osaka. The groundbreaking ceremony for the ambitious project will take place on April 24, marking a significant step forward in Japan’s gaming industry. The project, valued at JPY1.27 trillion (approximately $8.6 billion), is located on Yumeshima, a 700-acre artificial island in Osaka Bay. MGM...
The Mississippi Senate has taken a firm stance against online sweepstakes casinos, advancing legislation that would make such operations illegal statewide. Senate Bill 2510 (SB 2510), introduced by Senator Joey Fillingane, seeks to amend the Mississippi Code of 1972 to explicitly outlaw these online gambling platforms. The bill, which passed the Senate with overwhelming support in a 44-1 vote, now...
In a significant regulatory action, the UK’s Gambling Commission has imposed a £95,450 fine on Merkur Slots UK. This penalty stems from the company’s failure to adhere to social responsibility obligations after it emerged that staff had inadequately protected a vulnerable customer who incurred substantial losses while battling lung cancer. Tragic loss and family reaction: Wendy Hughes, 64, experienced a harrowing loss of nearly £2,000 during two marathon gambling sessions at...
Former Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz has been chosen by former President Donald Trump to head the federal commodities regulator. Quintenz, who previously served at the CFTC from 2017 to 2021, is currently the head of policy at Andreessen Horowitz’s (a16z) crypto division. His nomination marks a notable development in U.S. crypto policy, particularly as the CFTC...