The World Series of Poker (WSOP) Circuit is officially set to return to Great Canadian Casino Resort Toronto in 2025, bringing an expanded schedule and a significant increase in prize pools. Running from April 10 to 22, 2025, the tournament will feature 11 WSOP Circuit Ring Events, three more than last year. The total prize
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DraftKings has agreed to a $10 million settlement to resolve a class action lawsuit challenging its NFT Marketplace and Reignmakers product. The lawsuit, which accused the company of offering unregistered securities, had been ongoing for nearly 18 months before both parties reached a resolution. The legal dispute, initiated by lead plaintiff Justin Dufoe in March
As Macau approaches the culmination of a critical three-year transition period in 2025, the fate of its satellite casinos hangs in balance. Secretary for Security, Wong Sio Chak, during a press briefing on the city’s crime statistics for 2024, emphasized the stable security landscape within this segment but acknowledged the looming uncertainties as the transition period draws to a close. The transition’s
The Big Fresno Fair has decided to postpone all live horse racing in 2025, citing ongoing uncertainties within California’s horse racing industry. The fair’s Board of Directors and Fair Management announced the decision, highlighting concerns over the availability of horses, increased financial risks, and the absence of a cohesive racing management structure for Northern California
Rush Street Interactive (RSI) has reported significant financial growth for 2024, with total revenue reaching $924.1 million, reflecting a 34% year-over-year increase. The online casino and sports betting operator also posted $6.5 million in net income for the fourth quarter, reversing a $5.5 million loss from the previous year. For the full year, RSI reported
Star Entertainment Group Ltd. has witnessed a significant downturn, with its shares tumbling over 15% after trading resumed following a brief halt. The company, ensnared in grave financial difficulties, is actively seeking solutions, including considering a substantial $650 million rescue proposal from Oaktree Capital Management. This effort is crucial as the company stands on the precipice of potential bankruptcy.
Melco Resorts & Entertainment Limited, a prominent player in the integrated resort sector in Asia and Europe, is currently assessing various strategic alternatives for its Philippine venture, City of Dreams Manila. This review is part of a broader strategy to realign Melco’s asset portfolio in response to changing market dynamics and corporate objectives. Exploring new opportunities:
In a notable legal confrontation within the casino gaming industry, The Talisman Group, LLC, known for its creation of the no-commission baccarat game EZ Baccarat, achieved a pivotal victory in its ongoing legal tussle with LNW Gaming, Inc., a subsidiary of the major gaming entity Light & Wonder, Inc. This legal battle, adjudicated in the Eighth Judicial District Court of Clark County,
Gambling service product and service supplier Light & Wonder has announced its decision to move away from its live casino business, choosing to focus on other aspects of its business that will provide greater returns on investment. The Las Vegas-based gambling giant’s decision will leave Playtech and Evolution as the only US live casino suppliers.
Vadim Komissarov, the former CEO of Trident Acquisitions Corp. (TDAC), is facing serious federal charges, including securities fraud, obstruction of justice, and perjury. Prosecutors allege he orchestrated a scheme to deceive investors by reporting false revenue figures to secure a merger with Lottery.com. The indictment, unsealed in the Southern District of New York, details an
In a significant legal confrontation, the Lytton Rancheria of California, along with the Dry Creek and Cloverdale Rancheria of Pomo Indians, has filed a lawsuit against the U.S. Department of the Interior (DOI) and the Bureau of Indian Affairs (BIA). The lawsuit, submitted to the United States District Court for the District of Columbia, centers on the expedited approval of a casino project slated for
In a bold move to expand its footprint in the Australian casino and hospitality sector, Iris Capital, led by Sam Arnaout, has proposed a significant acquisition of the Reef Casino Trust. This initiative is part of a larger strategy by Iris Capital to consolidate its presence in key markets, evidenced by the group’s recent $130 million-plus offer for the trust.
In a bold fiscal move, New Jersey Governor Phil Murphy has proposed significant tax increases on online sports betting and internet gambling, sparking widespread concern among casinos and betting firms. The proposed hikes, which would see taxes on both sectors rise to 25% from their current rates of 13% and 15%, respectively, are part of the Governor’s broader budget plan aimed
Relax Gaming, the acclaimed iGaming aggregator and unique content supplier, has significantly expanded its footprint in Latin America by launching its services in Brazil and Peru on January 1st. This move is part of the company’s broader strategy to penetrate key emerging markets, following successful launches in Mexico in 2021 and Colombia in 2022. The entry into these markets is seen
PointsBet has received two competing takeover offers, with its board unanimously backing an AU$353 million all-cash bid from Japanese digital entertainment company Mixi. Meanwhile, Australian-based bookmaker BlueBet has proposed an alternative deal, valued between AU$340 million and AU$360 million, that includes both cash and a scrip component. The Mixi offer, presented through its Australian subsidiary,
Print Studios’ latest release, Big Stack Lumberjack, transports players to a dense forest where a rugged woodsman chops his way to massive rewards. With unique mechanics, stacked tree symbols, and a top payout of 20,000x the bet, this game blends traditional slot action with innovative features. Immersive gameplay and design: Set against a backdrop of towering trees
Light & Wonder, Inc. has concluded a remarkable fiscal year with outstanding achievements across all sectors, cementing its commitment to achieving its 2025 financial goals. In 2024, the company reached a milestone with record consolidated revenue of $3.2 billion, a 10% increase attributed to robust performance throughout its operations. The gaming division excelled with revenues of $2.1 billion, a
Jamul Casino is poised to redefine luxury in San Diego County, California, with the opening of its new 16-story hotel tower this spring, marking a significant transformation into the Jamul Casino Resort. “This all-new hotel symbolizes a milestone in our tribe’s progress and our enduring commitment to autonomy,” stated Erica M. Pinto, Chairwoman of the Jamul Indian Village. “We’re not only transitioning from a
The Kewadin Casinos, owned and operated by the Sault Ste. Marie Tribe of Chippewa Indians, are preparing to reopen after a cyberattack earlier this month forced the closure of all five locations. The reopening process will occur in stages, beginning Wednesday at noon with the casino in Sault Ste. Marie. Tribal Chairman Austin Lowes, quoted
The Philippines has marked a significant advancement in its financial oversight mechanisms by exiting the Financial Action Task Force’s (FATF) gray list, a move that reflects its strengthened anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks. Choon Hong Chua, Moody’s head of financial crime practice for the Asia-Pacific and Middle East, emphasized, “Exiting the gray list will boost investor confidence and financial stability.” This