A leaky talent pipeline jeopardizes the American economy Summary The talent pipeline in the United States is failing to keep pace with changing labour market needs, creating a widening skills crisis that threatens companies, competitiveness and social stability. Emily Dickens of SHRM argues that traditional emphasis on degrees is outdated; the focus must shift to […]
Is Kenya set to cash in on betting tax gamble? Summary Kenya’s National Parliament has cut the excise duty on bets from 15% to 5% and shifted the tax point from wagers to withdrawals from players’ betting accounts. The Parliamentary Budget Office estimates revenue could rise from Ksh 5.4bn to Ksh 11.4bn as a result. […]
‘Sovereign AI’ Has Become a New Front in the US-China Tech War Summary OpenAI is pursuing “sovereign AI” partnerships with governments — notably the UAE — promising countries greater control over AI deployment while largely keeping its models proprietary. The initiative is pitched as a way to prevent allies becoming dependent on adversary technology. Critics […]
Competition ramps up as four proposals advance in race for New York’s first full-scale city casinos | Yogonet International Summary Four finalists remain in the contest for three full-scale casino licences in the New York City area, with the state expected to award up to three licences before the end of the year. The proposals […]
Australian Soccer Ace Pleads Guilty to Match-Fixing Summary Former Macarthur Bulls captain Ulises Dávila has pleaded guilty to participating in a match-fixing scheme alongside two team-mates. The misconduct occurred across the 2023 and 2024 seasons and involved six matches. Investigators say the players deliberately sought certain outcomes tied to betting markets, prompting police and football […]
What led to Ainsworth CEO Harald Neumann’s resignation? Summary Ainsworth Game Technology (AGT) has confirmed the immediate resignation of CEO Harald Neumann, who had led the ASX-listed gaming group since 2021. The move follows intense scrutiny after the Nevada Gaming Control Board (NGCB) recommended the company withdraw Neumann’s application for a Nevada licence. Neumann faced […]
Chile warned to tackle gambling vacuum Summary Chile’s casino industry has renewed calls for urgent gambling reform after the Supreme Court ruled online betting operations illegal. Cecilia Valdés, executive president of the Asociación Chilena de Casinos de Juego (ACCJ), urged Congress to create a modern, enforceable gambling law rather than relying on court rulings as […]
Kalshi Valued at $5 Billion As Sports Fuel Rapid Growth Summary Kalshi has closed a $300 million Series D round led by Andreessen Horowitz and Sequoia Capital, valuing the prediction-market platform at over $5 billion. The jump from a $2 billion valuation just months earlier reflects explosive growth driven by sports markets: monthly trading scaled […]
Ho-Chunk Nation closes $610 million financing for Beloit casino resort development Summary The Ho-Chunk Nation of Wisconsin has finalised $610 million in senior secured credit facilities to back its new Beloit casino resort, one of the larger tribal gaming financings in recent years. The package comprises a $305 million revolving credit facility and a $305 […]
Kalshi Valued at $5 Billion As Sports Fuel Rapid Growth Summary Prediction-market platform Kalshi has closed a $300m Series D that values the company at more than $5bn — roughly six times its worth a year ago. The surge follows a dramatic shift into sports trading, which has driven monthly trading volumes from about $20m […]
