Japan plans tech and tourism hub around upcoming $3.9 billion MGM Osaka resort Summary Japan is repositioning Yumeshima, an artificial island in Osaka, as a high‑tech tourism and innovation district anchored by MGM Osaka, a JPY28 billion (about $3.92 billion) joint venture between MGM Resorts International and Orix Corporation. Scheduled to open in 2030, the […]
Rising tax pressures threaten Brazil’s legal betting industry as illegal operators gain ground, IBJR warns | Yogonet International Summary The Brazilian Institute for Responsible Gaming (IBJR) warns that proposals to raise taxes on licensed betting platforms — including plans that could double current rates — risk undermining Brazil’s newly regulated betting market. Higher tax burdens […]
Board Notice to Licensee Summary The Nevada Gaming Control Board has issued Notice #2025-77 clarifying that so-called “sports event contracts” — and certain other event-based contracts — are considered wagering under NRS 463.0193 and 463.01962. The Board says this applies regardless of whether the contract is listed on a CFTC-regulated exchange or elsewhere. Examples include […]
Control Board warns gaming companies to avoid prediction markets Summary Nevada gaming regulators have issued a firm warning to licensed gaming operators: do not partner with event prediction markets. Chairman Mike Dreitzer released a two-page industry notice titled “Sports Event Contracts are Wagers” that spells out the Control Board’s view that certain prediction contracts (naming […]
PrizePicks Secures Licence to Operate Fantasy Sports in New York Summary PrizePicks has been awarded an interactive fantasy sports operating licence by the New York State Gaming Commission, allowing the company to launch its peer-to-peer daily fantasy sports (DFS) product in the state. New York becomes the 16th jurisdiction to recognise PrizePicks’ contests as games […]
ASA’s CAP and BCAP Introduce Guidance Updates to Protect Minors Summary The UK Advertising Standards Authority (ASA) says its Committee of Advertising Practice (CAP) and Broadcast Committee of Advertising Practice (BCAP) have updated guidance to better shield under-18s from the effects of gambling and lottery advertising. The rules, originally tightened in 2022 by replacing a […]
Atkins on Challenges to Non-Binding Shareholder Proposals & DE/TX Law Summary SEC Chairman Gary Gensler’s successor, Chair Lynn A. Atkins, delivered a notable address on 9 October signalling a potential shift in how the SEC will treat precatory (non-binding) Rule 14a-8 shareholder proposals. Chair Atkins indicated the SEC staff is likely to defer to Delaware […]
Shareholder Activism: Ten Trends for 2026 Summary Shareholder activism is at record levels and is spreading beyond the traditional proxy season. Activists are preparing far earlier for 2026 annual meetings, engaging with management, directors, employees, sell-side analysts and other constituencies well before nomination windows open. The piece identifies ten trends companies should expect for 2026, […]
Rank, Entain and Kenya: an education in gambling tax Summary This article reviews industry responses to looming UK tax changes and contrasts them with international examples. Major operators Entain and Rank warned that higher gambling taxes risk shrinking the regulated market, costing jobs and driving customers to the black market. BetMGM flagged unregulated prediction markets […]
Nevada Regulators Warn Licensees About Predictions Summary The Nevada Gaming Control Board (NGCB) has issued a memo from Chairman Mike Dreitzer warning Nevada licencees against offering sports predictions. The NGCB says prediction markets and other “event contracts” based on sporting outcomes — and even non-sport events like the Oscars, esports or political elections — may […]
