Ainsworth Game Technology (AGT) has formally withdrawn from its proposed scheme of arrangement with Novomatic AG after determining that the level of shareholder support needed to advance the plan will not be achieved. The announcement, made on Tuesday, August 26, confirms that while the scheme has been terminated, Novomatic’s unconditional takeover offer remains active. Scheme Terminated After Low Proxy Support The Independent Board Committee (IBC)...
Virtual Gaming Worlds (VGW), the parent company of sweepstakes platforms Chumba Casino and Global Poker, has announced its departure from the Canadian market this fall. The shutdown begins in stages and will culminate on October 23, 2025, when Canadian players will permanently lose access to both sites. The company confirmed the move in emails to customers last week, describing the...
The sale of Imperial Pacific International’s (IPI) Saipan casino assets has officially closed, marking a major milestone in a bankruptcy process that has stretched on for over a year. Team King Investment (CNMI) LLC, a newly formed company that won the bid at a court-supervised auction in February, completed the transaction on August 20 after transferring the full purchase price...
The Indian Enforcement Directorate (ED) has intensified its investigation into Karnataka Congress MLA K.C. Veerendra, also known as ‘Puppy’, over alleged involvement in a large-scale money laundering and illegal betting operation. The legislator, arrested in Sikkim on Saturday, August 23, was brought to Bengaluru on Sunday for further questioning in connection with financial transactions tied to casinos in Sri Lanka, Nepal, and Georgia. ED Expands Money Laundering...
AvatarUX has turned up the voltage with the debut of Electric Rush, a high-energy slot experience that blends dynamic mechanics with adrenaline-fueled gameplay. Released on August 22, 2025, this title builds on the studio’s reputation for innovative, fast-paced slots that keep players engaged from the first spin. High-Intensity Gameplay With Electrifying Features Built on a 6×5 cascading grid, Electric Rush brings the Pay...
FanDuel’s recent announcement of a partnership with derivatives marketplace CME Group has raised concerns among Nevada gaming regulators, who fear the potential legal and regulatory complications of entering the prediction market space. The deal, unveiled on Wednesday, August 20, outlines plans to offer contracts on economic indicators such as stock prices, gold, and other commodities — but without an explicit mention of sports-related contracts. FanDuel’s...
Macau’s casino industry is riding a wave of momentum, with gross gaming revenue (GGR) for the week of August 18–24 reaching MOP$793 million (US$98.3 million) per day, according to analysts at JP Morgan. This marks a 9% rise from the previous week’s daily average of MOP$710 million and represents the city’s highest non-Golden Week daily GGR since the pandemic. Macau Gaming Revenue Hits New Highs...
At the first public hearing for Resorts World New York City’s (RWNYC) $5.5 billion casino expansion proposal, held at Queens Borough Hall, over 40 speakers unanimously endorsed the project. The hearing, organized by the Community Advisory Committee (CAC), marks a key step as Resorts World vies for one of the three available downstate casino licenses. Community Overwhelmingly Supports Expansion RWNYC, located on...
Sauber’s Formula 1 outfit, more commonly recognized as Stake F1, will not be allowed to use its regular team name during the upcoming Dutch Grand Prix at Circuit Zandvoort (29–31 August 2025). The change comes after the Dutch gambling regulator, Kansspelautoriteit (KSA), reaffirmed its strict prohibition on gambling-related advertising at sporting events held in the Netherlands. The team’s full registered...
Singapore’s basketball community has been jolted by allegations of match-fixing that have led to nine arrests, raising concerns about the integrity of the country’s top domestic competition. The Corrupt Practices Investigation Bureau (CPIB) announced on Aug 19 that eight Singaporeans and one permanent resident, all aged between 19 and 35, were detained for suspected involvement in fixing games during the...