Analysts predict that Macau’s 2025 GGR could reach $30.7 billion, boosted by events and new offerings | AGB Summary Jefferies and other analysts now forecast Macau’s 2025 gross gaming revenue (GGR) could hit $30.7 billion. The upgrade follows a standout October — the highest monthly tally since reopening — and is driven by a busy […]
Vietnam jails two former officials in $106 million illegal gambling case Summary Two former provincial officials in Vietnam have been sentenced to prison for participating in a major illegal gambling operation alleged to have handled more than $106 million in bets. The underground casino operated out of the King Club at Hanoi’s Pullman Hotel and […]
Genting Bhd’s takeover offer for Genting Malaysia becomes mandatory as shareholding moves above 57% Summary Genting Bhd’s previously announced unconditional voluntary take‑over offer for Genting Malaysia has become an unconditional mandatory take‑over offer after the parent acquired additional shares on the open market. The company bought 2.02% of issued shares in the market within six […]
FanDuel readying prediction market launch in states without legal sports betting Summary FanDuel (via parent Flutter) will launch a prediction market product, FanDuel Predicts, next month, enabling trading on sports event contracts in US states that have not legalised sports wagering. The announcement on a Q3 earnings call by Flutter CEO Peter Jackson came alongside […]
FanDuel, DraftKings abandon Nevada sports betting as prediction market ambitions grow Summary FanDuel has voluntarily surrendered its Nevada registrations and licences, while DraftKings has withdrawn its pending sportsbook applications — a coordinated retreat from the state’s regulated sportsbook market as both firms pivot toward launching prediction markets. Nevada’s Gaming Control Board (NGCB) framed the moves […]
Massachusetts Senator Apologises For Yes Vote On Sports Betting Summary Massachusetts Sen. John Keenan has publicly apologised for voting to legalise sports betting and introduced bill S 302 to add significant guardrails to the state’s market. Speaking at a Joint Committee hearing, Keenan said he regretted unleashing an industry that promotes near‑constant wagering and harms, […]
Tribes Unite Against Unregulated Sweepstakes and Prediction Platforms Summary Native American tribal leaders and industry groups gathered at the United Indian Nations of Oklahoma (UINO) Annual Meeting in Oklahoma City to coordinate a national response to unregulated online sweepstakes casinos and prediction platforms. The Indian Gaming Association (IGA) and the Oklahoma Indian Gaming Association (OIGA) […]
FanDuel, DraftKings won’t be licensed for Nevada sportsbooks Summary Nevada gaming regulators have accepted the surrender of FanDuel parent Flutter Entertainment’s licensing plans and will withdraw pending requests from DraftKings, effectively keeping both major sportsbook vendors out of Nevada for now. The action follows Flutter’s announcement of a partnership with CME Group to launch a […]
Flutter Lowers Its 2025 Guidance Due to Q3 Trouble Summary Flutter Entertainment reported a mixed Q3: strong top-line growth but a much larger net loss driven by one-off and regulatory hits. Revenue for the three months to 30 September was $3.8 billion, up 17% year-on-year, with the US growing 9% and International 21%. Adjusted EBITDA […]
Flutter & CME Group Unveil FanDuel Predicts Platform Summary Flutter Entertainment, via its FanDuel brand, has partnered with CME Group to launch a new prediction-markets mobile app called FanDuel Predicts. The platform is slated to launch in December, pending regulatory approvals, and will offer event contracts across major US sports (football, basketball, baseball, hockey) as […]
