Steve McCann steps down as CEO of Star Entertainment

Steve McCann steps down as CEO of Star Entertainment Summary Star Entertainment announced on 16 December that Steve McCann has stepped down as group CEO and managing director effective immediately. Bruce Mathieson Jr., representing one of the group’s largest shareholder families, will take on expanded responsibilities as executive chair while the company searches for a […]

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Gambling Commission clarifies new bonusing rules to commence in January

Gambling Commission clarifies new bonusing rules to commence in January Summary Great Britain’s Gambling Commission has issued guidance clarifying that the new rules on promotions and offers will come into effect on 19 January. The central change is a ban on mixing different gambling verticals within the same promotion unless the bonus is genuinely unrestricted […]

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New York casino process comes to a close with all three finalists awarded licences

New York casino process comes to a close with all three finalists awarded licences Summary The New York State Gaming Commission has unanimously granted the three downstate commercial casino licences to Bally’s Bronx, Resorts World NYC and Metropolitan Park. Each licence carries a $500 million fee and a strict condition: licence-holders must sign third-party monitoring […]

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New York Gaming Commission approves Hard Rock and Metropolitan Park for gaming license – G3 Newswire

New York Gaming Commission approves Hard Rock and Metropolitan Park for gaming license – G3 Newswire Summary The New York State Gaming Commission has granted a gaming licence to Metropolitan Park, the $8.1bn Hard Rock International and Steve Cohen proposal to redevelop 50 acres of asphalt around Citi Field into a year-round sports and entertainment […]

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Prediction Markets Pose Threat to Businesses from Inside Traders

Prediction Markets Pose Threat to Businesses from Inside Traders Summary A labour lawyer from Littler, Steve Silver, warns that growth in prediction markets (eg. Kalshi, Polymarket) creates fresh incentives for employees to monetise confidential information. Trades need not rely on catastrophic company events — simple details such as IPO dates, product rollouts or contract changes […]

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MGM Begins Paying Out After Big Data Breach Deal

MGM Begins Paying Out After Big Data Breach Deal Summary MGM Resorts International has started issuing payments to people affected by two major cyberattacks after agreeing a $45 million class-action settlement earlier this year. Court documents show hackers accessed some form of personal data for more than 37 million people across incidents in mid-2019 and […]

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