Gambling News

PrizePicks, a leader in sports entertainment, announced that it has secured a license to operate daily fantasy sports in New York. This comes shortly after the company expressed interest in exploring the prediction market space. Read the full story ➡️ https://lnkd.in/dt87-ARX #gamblingindustry #gamblingnews #prizepicks

In Russia, the areas where one is permitted to gamble are exceptionally few. The only 4 zones in the country where it’s allowed for casinos to function are each located in a different region. They are as follows: Siberian Coin in Altai Republic, Yantarnaya in Kaliningrad Oblast, Krasnaya Polyana, and Primorie in Artyom in Primorsky Krai. Recently, the Association of Gambling Industry Professionals (ADIB) has begun to push for a fifth zone located in Moscow. Read the full story ➡️ https://lnkd.in/dX7bnWdM #gamblingnews #gamblingindustry #russia

Crypto trading platform Kraken has beefed up its US derivatives standing by shelling out $100 million to buy Small Exchange, a Chicago-based Designated Contract Market (DCM) under the watchful eye of the Commodity Futures Trading Commission (CFTC). This purchase from London’s IG Group is a big move in Kraken’s plan to set up a regulated onshore trading setup in the United States. Read the full story ➡️ https://lnkd.in/dRpnVm33 #gamblingnews #gamblingindustry #usa #northamerica

Illinois Governor JB Pritzker revealed a $1.4 million gambling profit from a Las Vegas trip in the previous year, based on tax records his campaign made public this week. The Democratic leader, who many consider a possible candidate for the 2028 presidential election, stated the earnings came from one session of blackjack games during a private vacation with his spouse and close companions. Read the full story ➡️ https://lnkd.in/dTQsxRpU #gamblingnews #gamblingindustry #usa #northamerica #casino #lasvegas #nevada

Sweden’s horse racing betting company AB Trav och Galopp (ATG) must pay a fine of SEK 3 million ($316,626) due to a ruling by Sweden’s Administrative Court of Appeal. The court reversed an earlier verdict by the Administrative Court that had cleared the company, bringing back the Swedish Gambling Authority‘s (Spelinspektionen) 2022 decision. Yet, it lowered the initial SEK 6 million ($633,222) penalty set by the regulator. Read the full story ➡️ https://lnkd.in/d-Aj5ZiG #gamblingnews #gamblingindustry #fine

Tabcorp has filled a board vacancy with the appointment of Vivian Stewart as a non-executive director. The hire, who is a veteran director, will provide the Australian business with robust experience. Tabcorp hailed the appointee as an experienced director with a deep understanding of the telecommunications and technology sectors. Since both aspects are very important to Tabcorp’s business, the new appointment is expected to significantly strengthen the company’s board. Read the full story ➡️ https://lnkd.in/dYvmYnRh #tabcorp #gamblingnews #gamblingindustry

MGM Resorts International has withdrawn its application for one of New York’s coveted downstate casino licenses, ending the company’s ambitions to expand its Empire City Casino in Yonkers into a full-scale gaming resort. The Tuesday announcement shocked many industry insiders, marking a decisive shift in one of New York’s most competitive development races. Read the full story ➡️ https://lnkd.in/dzr2XeXD #gamblingnews #gamblingindustry #mgmresorts #mgm

In one of the biggest financial crackdowns in recent history, US and UK authorities launched a coordinated strike against a massive criminal organization allegedly involved in running cryptocurrency scams and forced labor operations across Asia. Investigations linked the suspects to casinos and other gambling operations that were reportedly used to launder criminal proceeds. Read the full story ➡️ https://lnkd.in/dS_JdPHz #gamblingnews #usa #uk #crime

True to his style, President Donald Trump has once again made some outspoken remarks that triggered heated discussions. In this case, Trump made some comments about his long-term friend Miriam Adelson, an Israeli-American businesswoman and the largest Las Vegas Sands Corp. stakeholder. Read the full story ➡️ https://lnkd.in/dYHeJaAu #casino #gamblingnews #donaldtrump

In its report, BetMGM emphasized that its Q3 performance has been ahead of expectations due to tailwinds across both its betting and online gaming divisions. As a result, the company’s net revenue has increased by 23% year-on-year to $667 million. In the meantime, the company’s Q3 EBITDA reached $41 million, marking a staggering increase of $57 million from the EBITDA loss recorded in Q3 2024. On a year-to-date basis, EBITDA reached $150 million. Read the full story ➡️ https://lnkd.in/d8E2CasV #gamblingnews #sports #usa #northamerica