Genting’s New York Plans Spark Positive Predictions Summary Analysts are upbeat about Genting Malaysia’s bid to convert Resorts World New York City from a slots-only racino into a full casino. Nomura projects gross gaming revenue could reach about $2.9bn by 2031, producing roughly $400m in operating profit, while Maybank IB has an even earlier peak-profit […]
Illinois “Bounty Hunter” Challenges Operators in Unusual Gambling Lawsuit Summary Mark T. Lavery, an Illinois resident who styles himself a “bounty hunter” for alleged illegal gambling, has filed a federal suit in the Northern District of Illinois against Third Planet Media LLC, Novig Sweeps LLC and Dabble Sports LLC. The complaint alleges these companies ran […]
Genting gets approval for first commercial casino in New York, to start $5.5B redevelopment plan | AGB Summary Genting’s Resorts World New York City has received key approval to become the first commercial casino in New York State. The decision is described as the penultimate step in the licensing process, with the New York State […]
Sri Lanka’s new Gaming Regulatory Authority to improve transparency, boost investor confidence | AGB Summary Sri Lanka has formally launched a single Gaming Regulatory Authority under the Gambling Regulatory Authority Act No. 17 of 2025. The new regulator replaces several older laws — including the Betting on Horse Racing Ordinance, the 2010 Casino Business Act […]
Brazil senate committee approves tax hike on gambling Summary The Senate’s Economic Affairs Committee (CAE) approved the proposed increase in taxes for betting and fintechs by a vote of 21 to 1. The bill (PL 5,473/2025), now at its final committee stage, will go to the Chamber of Deputies if no appeal is filed. The […]
U.S. Bankruptcy Court approves agreement to settle US$1.6 billion Baha Mar legal dispute Summary The U.S. Bankruptcy Court in New Jersey has approved a comprehensive agreement between entities of China Construction America (CCA) and BML Properties Ltd, the original owner of the Baha Mar resort. The deal follows a US$1.6 billion judgment awarded to BML […]
Analysts outline massive profit potential for Genting’s full New York casino Summary Resorts World New York City (RWNYC), currently a slots-only venue owned by Genting Malaysia, is poised to become a full commercial casino if licences are granted. Analysts say RWNYC’s expansion — with plans for 4,000 slot machines and 250 table games by June […]
Mexican Casino and Miss Universe Boss Accused of Working With Cartels Summary Raúl Rocha Cantú, a Mexican business magnate with interests in land-based casinos, online gambling and a 50% stake in the Miss Universe pageant, is being sought by Mexico’s Fiscalía General de la República (FGR). Prosecutors allege Rocha led a trafficking network that smuggled […]
New York greenlights three remaining casino applications Summary New York’s Gaming Facility Location Board has approved the final three candidates for casino licences, bringing a process that began in 2012 close to its conclusion. The approved projects — two in Queens and one in the Bronx — are Resorts World New York (Genting Group expansion […]
New York casino board recommends licences for all three downstate finalists Summary The New York Gaming Facility Location Board (GFLB) has recommended that all three remaining downstate casino applicants — Bally’s Bronx, Metropolitan Park and Resorts World NYC — progress to the New York State Gaming Commission (NYSGC) for final licencing consideration. The NYSGC must […]
