Betting and Gaming Council warns further tax increase will devastate UK betting industry

Betting and Gaming Council warns further tax increase will devastate UK betting industry Summary The Betting and Gaming Council (BGC) has warned that proposed further tax increases on betting and gaming would cause major job losses, harm the UK economy and boost the gambling black market. Independent EY analysis, commissioned by the BGC, concludes the […]

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Amazon cuts 14K corporate jobs as spending on artificial intelligence accelerates

Amazon cuts 14K corporate jobs as spending on artificial intelligence accelerates Summary Amazon announced cuts of about 14,000 corporate roles — roughly a 4% reduction of its ~350,000 corporate headcount — as it pours investment into artificial intelligence and related infrastructure. Most affected employees will have 90 days to seek internal roles; those who can’t […]

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Lawsuit claims Henderson teacher assaulted special needs student

Lawsuit claims Henderson teacher assaulted special needs student Summary Parents of a nonverbal student with autism and Down syndrome have filed a lawsuit against the Clark County School District alleging their son, identified as G.R., was physically and verbally assaulted by a teacher at Basic Academy of International Studies. The complaint, filed by Arias Sanguinetti […]

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Kalshi Goes After New York Gambling Regulator

Kalshi Goes After New York Gambling Regulator Summary Prediction-market platform Kalshi has launched a federal lawsuit against the New York Gambling Commission, aiming to curb the regulator’s power to treat Kalshi as a sports-betting operator. The company maintains its contracts are event contracts regulated by the Commodity Futures Trading Commission (CFTC), whose jurisdiction it says […]

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Banijay Acquires Majority Stake in Tipico to Create “European Betting Champion”

Banijay Acquires Majority Stake in Tipico to Create “European Betting Champion” Summary French media group Banijay Group has bought a majority stake in sports betting operator Tipico and plans to merge it with its Betclic brand to form a consolidated European sports betting and online gaming business. The transaction is being funded in cash with […]

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GLPI Backs $1.4B Live! Casino Virginia Project

GLPI Backs $1.4B Live! Casino Virginia Project Summary Gaming and Leisure Properties (GLPI) is financing core real estate and construction for the $1.4 billion Live! Casino & Hotel Virginia masterplan in Petersburg. GLPI is providing a $27 million land purchase and $440 million in staged hard-cost financing, both structured at an 8.0% cap rate. The […]

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