US RICO lawsuit targets Resorts World over money laundering Summary A 95-page federal RICO complaint filed in Nevada accuses Resorts World Las Vegas leadership and associated parties of running a years-long racketeering scheme that allegedly enabled illegal gambling, money laundering and retaliation against a cooperating federal witness. The suit, brought by high-stakes gambler and FBI […]
Fanatics Markets rolls out as sportsbook operators chase new growth Summary Fanatics has launched Fanatics Markets, an event‑trading / prediction markets product, initially live in 10 US states with plans to expand into 14 more later this week via a partnership with Crypto.com. The platform offers event trading across sports, finance and culture now, with […]
UK budget raid puts Gibraltar tax strategy under threat Summary The UK has sharply increased remote gaming duty to 40% from April next year (up from 21%), with a new remote betting duty of 25% coming into force from April 2027. Gibraltar’s government warns the changes threaten the island’s economy: the online gaming sector represents […]
Evolution ordered to provide investigation files in Black Cube case Summary A judge has ordered Evolution to produce documents from its internal probe and from investigations by New Jersey and Pennsylvania gaming regulators in the ongoing legal dispute with investigative firm Black Cube. The discovery order grants defendants access to material including a Spectrum Gaming […]
New Zealand government committee backs online casino gambling bill Summary New Zealand’s Governance and Administration Committee has backed the Online Casino Gambling Bill, a step designed to bring legal clarity and oversight to online casino operations that have largely operated without direct domestic regulation. Minister of Internal Affairs Brooke van Velden, who submitted the bill, […]
A Startup Says It Has Found a Hidden Source of Geothermal Energy Summary Zanskar, a geothermal startup, says it used AI and large geological datasets to identify a previously hidden (blind) geothermal system in Nevada that may be hot and productive enough to support a power plant. The company frames this as the first industry-made […]
Robinhood, Crypto.com and Kalshi directed to stop sports wagers in Connecticut Summary Connecticut’s Department of Consumer Protection has issued cease-and-desist letters to Robinhood, Crypto.com and Kalshi, ordering them to stop offering sports-related prediction contracts to state residents and to allow withdrawals of funds held on their platforms. The department says these products amount to unlicensed […]
Fanatics enters prediction market race with launch across 24 U.S. states Summary Fanatics has launched Fanatics Markets, an event-trading/prediction-market platform that lets users wager on outcomes across sports, finance and culture. The platform went live in 10 states initially and will expand to 24 states by the end of the week, adding major markets including […]
IGT officially announces Hector Fernandez as CEO, starting ‘new era of leadership’ | AGB Summary International Game Technology (IGT) has named Hector Fernandez as its new CEO following the mid-year combination of IGT’s Digital & Gaming business with Everi Holdings under Apollo Global Management. Fernandez — formerly CEO of Aristocrat Gaming with a strong finance […]
Lawmakers will hear from Navy admiral who ordered attack that killed boat strike survivors Summary Navy Adm. Frank “Mitch” Bradley arrived on Capitol Hill for a classified briefing with top congressional leaders after reporting that he ordered a follow-up strike on survivors of a boat attack on 2 September in international waters near Venezuela. The […]
