Star savior Bally’s Corp secures financial position after obtaining US$1.1 billion in new term loans Summary Bally’s Corp has secured US$1.1 billion in new term loans (US$600m initial term loan plus up to US$500m delayed draw) from Ares Management Credit funds, King Street Capital Management and TPG Credit. The funding aims to shore up liquidity, […]
Analysts Remain Bullish on Wynn as UAE Project Takes Shape Summary Wynn Resorts’ planned integrated resort on Al Marjan Island in Ras Al Khaimah is taking shape and has analysts upbeat about long-term prospects. The UAE development — projected to cost $3.9bn–$5.1bn and targeting an early 2027 opening — will be the Emirates’ first licensed […]
New York Sets New Monthly Online Betting Revenue Record Summary New York’s online sports betting market hit a fresh monthly revenue high in November, posting $280.6 million — up 21.2% year‑on‑year and 17.6% month‑on‑month. Bettors placed $2.61 billion in online wagers, narrowly missing October’s handle record of $2.64 billion. The implied statewide sportsbook hold for […]
How Crafty Gamblers Buy Used Betting Accounts to Outsmart Bookmakers Summary This article examines a growing underground practice in the UK betting world: the buying and selling of “used” betting accounts to evade bookmaker restrictions. Prompted by a recent court dispute linked to high-profile figures, the piece details how successful bettors are limited or closed […]
Turkey Orders Arrest of Top-Tier Football Players Amid Match-Fixing Scandals Summary Turkey’s prosecutors have ordered the detention of 46 individuals suspected of involvement in insider betting and match-fixing across the country’s professional football scene. Police had taken 35 into custody and believe five are abroad. Those targeted include top-tier players, referees, club presidents and commentators. […]
Brazil’s Supreme Court deals major blow to municipal lotteries – G3 Newswire Summary Justice Kassio Nunes Marques of Brazil’s Supreme Court (STF) has issued a preliminary suspension of all municipal laws that authorised lotteries and sports betting, stopping ongoing bidding processes and the operation of already licensed municipal lottery services. The order summons the Secretariat […]
New York imposes prohibition on sweepstakes casinos and sportsbooks Summary New York Governor Kathy Hochul has signed S.B. 5935 into law, immediately banning online sweepstakes casinos and sportsbooks that use “dual currency” models for casino-style play and sports prediction. The statute outlaws operation and promotion of these products, extends restrictions to ancillary services (such as […]
Polymarket Hits Apple’s No. 1 Sports App As US Return Nears Summary Polymarket climbed to No. 1 among free sports apps on Apple’s App Store as anticipation builds around its partial return to the US market. The surge followed a 60 Minutes profile of founder Shayne Coplan and comes after a recent reported $2 billion […]
New York sweepstakes casinos banned under signed bill Summary Governor Kathy Hochul signed Senate Bill 5935 into law on 5 December 2025, making it illegal to operate or promote online sweepstakes games in New York. The measure gives enforcement powers to the New York State Gaming Commission and the Attorney General, and sets fines of […]
All change in Africa as Zimbabwe makes gambling shift Summary Zimbabwe has announced a major revamp of its gambling tax regime as part of the national budget, sharply increasing levies on the online gambling industry. The finance minister confirmed a rise in the operator tax from 3% to 20% and a hike in tax on […]
