BetMGM Raises Guidance Again After ‘Stronger Than Expected’ Results Summary BetMGM raised its 2025 guidance for the third time this year, now targeting at least $200 million in EBITDA on expected net revenue of $2.75 billion (roughly 30.8% growth versus 2024). The company reported Q3 net revenue of $667 million, up 23% year‑on‑year, with iGaming […]
US seizes billions in Bitcoin from Cambodian businessman accused of fraud schemes | AGB Summary US authorities have executed what the Justice Department says is its largest-ever forfeiture, seizing roughly $15 billion in Bitcoin linked to a Cambodian businessman, identified as Chen Zhi, a UK-Cambodian national. Authorities allege Chen ran labour compounds in Cambodia where […]
Ben Lamm, TIME100 Next Honoree, Expands Frontier with New AI Venture Summary Ben Lamm — co‑founder of Colossal Biosciences and newly named to TIME100 Next 2025 — is quietly building a second, technically ambitious company in the life sciences: Astromech. SEC filings show Astromech has raised $30 million in stealth funding to develop AI tools […]
Emil Mirzaliyev: Growth Doesn’t Come from Revenue. It Comes from How You Collect, Spend, and Control It Summary Financial leader Emil Mirzaliyev argues that real, sustainable growth is driven not by top-line revenue alone but by disciplined cash collection, smarter spending and tighter control of working capital. Backed by two decades of international experience, Emil […]
Netherlands ousts chip-maker CEO under US pressure | Chinese drone-maker DJI fights Pentagon ban | Australian PM’s phone leaked online Summary The Dutch government seized control of chipmaker Nexperia after US officials warned that the company would remain on US export-control lists unless its Chinese chief executive was removed. The move highlights the growing use […]
Storm pounds LA area with rain, evacuations ordered — PHOTOS Summary Pummelled by a rare October storm, Southern California saw several inches of rain that swollen rivers, snarled freeways and prompted evacuation orders in fire-scarred neighbourhoods vulnerable to mudslides and debris flows. Flash-flood warnings were issued as hillsides stripped of vegetation after recent wildfires shed […]
G2E: Tribal leaders assail prediction markets in fiery session Summary At the Global Gaming Expo panel “Sustaining Success: Tribal Leaders Talk Gaming, Growth and Challenges,” tribal leaders warned that prediction markets, sweepstakes-style gaming and daily fantasy sports (DFS) represent an existential threat to tribal gaming. Panelists described how unregulated operators have encroached on tribal markets […]
Major Las Vegas casino operator withdraws New York licence application Summary MGM Resorts International unexpectedly withdrew its commercial casino application for the New York City area, removing itself from contention to expand Empire City Casino in Yonkers into a full-scale downstate casino resort. The company said shifting competitive and economic assumptions since the licensing process […]
BetMGM Posts Q3 2025 Update, Highlights Double-Digit Increase in Revenue Summary BetMGM reported a strong Q3 2025 with net revenue of $667 million, a 23% year-on-year rise, and Q3 EBITDA of $41 million — a marked improvement from an EBITDA loss in Q3 2024. Year-to-date EBITDA stands at $150 million. iGaming net revenue was $454 […]
5 questions (and answers) about employers’ obligations to remote workers Summary The article, written by attorneys from Jackson Lewis, sets out five practical legal considerations for employers with remote or travelling staff. It covers: which remote work expenses must be reimbursed; how to track and record hours for non-exempt employees; tax withholding and payroll obligations […]
