Intralot divests Athens casino stake to cement Bally’s focus Summary Intralot SA has sold its entire holding in the Parnitha Casino via its Cyprus vehicle Karenia Enterprises to Larimar Services Inc. for €8m, completing its exit from Greek land-based casino operations. The disposal is presented as part of Intralot’s strategic refocus on lotteries and iGaming […]
As sports betting probe widens, Chris Christie contends that regulated market is still working Summary Former New Jersey governor Chris Christie argues that the legalised US sports betting market is proving its value by exposing cheating and irregular wagering patterns that an unregulated market would not. In a New York Times guest essay and a […]
Malta’s €60m investment pipeline will span iGaming, esports and digital sectors Summary Malta has announced an eight-project investment pipeline totalling €60m, aimed at creating around 1,300 jobs by the end of 2026. The package was unveiled after a meeting at Trident Park convened by the Minister for the Economy, Enterprise and Strategic Projects, Silvio Schembri, […]
High-Stakes Casinos Used to Launder Millions in Cash Summary A CNN investigation of court files and law-enforcement interviews found that underground bankers helped wealthy Chinese gamblers move large sums of cash through Las Vegas casinos, often sourced from Mexican cartels and prostitution rings. The activity became part of a federal case that led to a […]
Laughlin River Lodge Owner Settles EEOC Case for $1.2M Summary Nevada Restaurant Services Inc., owner of the Laughlin River Lodge and several Dotty’s, Bourbon Street and Red Dragon locations, has agreed to pay $1.2 million to settle a sexual harassment lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC found persistent, severe […]
New Files Reveal Hidden Cash Pipeline Running Through Las Vegas Casinos Summary Recently disclosed investigative files tied to federal cases and regulatory actions expose an off-the-books cash system running through Las Vegas casinos, including Wynn Las Vegas. Records show a loose network of underground cash brokers, VIP hosts and foreign high-rollers who coordinated to convert […]
Hong Kong Police Score Major Coup Against $142M Illegal Gambling Ring Summary Hong Kong investigators have dismantled a criminal syndicate tied to illegal gambling and money laundering, reportedly worth about $142 million and allegedly linked to the Sun Yee On triad. Fifteen suspects were arrested in operations across the New Territories and Kowloon after around […]
Bid to Restore Full Betting Deductions Nears Year-End Deadline Summary Politicians are scrambling in Washington as a tax change tucked into a large bill limits gambling-loss deductions to 90% from 2025, potentially preventing itemisers from offsetting wins with losses. Bipartisan efforts in the House, led by Dina Titus (Nevada) and Andy Barr (Kentucky), aim to […]
Sri Lanka to activate Gambling Regulatory Authority Act on December 1st Summary Article Date: 2025-11-18T23:23:35+00:00 Sri Lanka’s Gambling Regulatory Authority Act (No. 17 of 2025) will come into force on 1 December following a gazette notification from President Anura Kumara Dissanayake. The Act creates a single, independent Gambling Regulatory Authority to oversee casinos, online gaming, […]
FanDuel, DraftKings quit AGA amid growing split over prediction markets Summary Major US sportsbook operators FanDuel and DraftKings have left the American Gaming Association (AGA) amid an industry rift over prediction markets. The split follows rapid growth in platforms such as Kalshi and Polymarket and the AGA’s proposed resolution to bar members that offer sports-based […]
