New Jersey Anti-Sweeps Bill Advances From Assembly Committee

The Tourism, Gaming, and the Arts Committee in the New Jersey Assembly has taken a significant step by unanimously advancing a bill aimed at banning online sweepstakes casinos in the state. Assemblyperson Clinton Calabrese introduced this initiative as a proactive measure amidst ongoing discussions with various stakeholders. Source: https://ct.moreover.com/?a=56689274939&p=14e&v=1&x=0DUopWjObtIiR6qa68xMzg&u1=ND&u2=up-urn:user:PA191813171 Key Points The bill, A 5447, […]

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Melco smashes revenue and profit estimates in 1Q25, gains market share on powerful performance of Macau resorts

Summary Melco Resorts & Entertainment has posted impressive first-quarter results for 2025, exceeding expectations with a 10.8% increase in total revenues to US$1.23 billion. The rise in gaming revenues by 12.2% to US$1.02 billion reflects a robust performance across its Macau operations, notably in both the mass and VIP segments. Overall, net income reached US$28 […]

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Study estimates municipal betting could generate $2 billion in Brazil’s annual federal revenue

Summary A study by Leme Consultores predicts that municipal betting in Brazil could bring in BRL11.6 billion (approximately $2 billion) annually for the federal government. This analysis comes amid ongoing debates regarding the constitutionality of municipal lotteries, especially after a claim was made to suspend them. The Supreme Federal Court (STF) has allowed these lotteries […]

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