Cory Zeidman to Serve 46 Months in Prison over Bogus Sports Tipping Scheme Summary Cory Zeidman, a poker professional and 2012 World Series of Poker bracelet winner, has been sentenced to 46 months in prison after pleading guilty to wire fraud for running a fraudulent sports betting tipster operation. Zeidman ran the service from 2004 […]
Media Mogul Richard Desmond Seeks $1.58B in Damages from UKGC Summary Billionaire Richard Desmond, via Northern & Shell and his New Lottery Company (TNLC), is suing the UK Gambling Commission (UKGC) for GBP 1.3 billion (about $1.58bn), claiming the regulator made “manifest errors” in the competition for the National Lottery 10-year licence awarded to Allwyn […]
€2.7bn Bally’s-Intralot deal creates Athens stock exchange gaming giant Summary Bally’s Corporation and Intralot have closed a €2.7bn transaction that merges Bally’s International Interactive with Intralot’s global lottery and gaming operations. The deal delivers €1.53bn in cash plus €1.136bn in newly issued Intralot shares, giving Bally’s a 58% majority stake in the combined, listed company […]
Ainsworth’s CEO told to withdraw Nevada licence application Summary Ainsworth Gaming Technology (AGT) has said the Nevada Gaming Control Board (NGCB) recommended its board withdraw CEO Harald Neumann’s application for a Nevada gaming licence. Neumann, who has led AGT since 2021 and previously held an NGCB licence, was due to meet the board on 11 […]
Intralot and Bally’s reach ‘milestone’ €2.7bn acquisition completion Summary Intralot has completed the acquisition of Bally’s Corporation’s International Interactive business in a cash-and-shares transaction valued at €2.7bn. The deal comprises €1.53bn in cash and €1.136bn in newly issued shares in the combined Intralot, giving Bally’s a 58% majority stake. Robeson Reeves (Bally’s CEO) will lead […]
Bally’s Corp. and Intralot complete Intralot’s acquisition of Bally’s International interactive business Summary Bally’s International Interactive has been sold to Intralot in a deal that values the interactive business at an enterprise value of €2.7bn. The transaction combines Bally’s interactive operations with Intralot’s global lottery and gaming business, creating a larger, diversified iGaming and lottery […]
Missouri court rules against Torch Electronics over illegal gambling machines | Yogonet International Summary A federal jury in St. Louis found Torch Electronics liable for breaching Missouri gambling laws and engaging in unfair business practices, awarding rival TNT Amusements Inc. $500,000 in compensation. The case is the first court decision addressing whether Torch’s so‑called grey‑market, […]
New York Casino Board Starts Final Assessment of Four Downstate Proposals Summary The New York Gaming Facility Location Board has begun its final assessment of four competing bids for up to three downstate casino licences. The private meeting marks the first formal step since bidding closed in June. Bidders still in the race are Bally’s […]
Elon Musk’s Boring Co. accused of nearly 800 environmental violations on Las Vegas project Summary Nevada regulators say The Boring Co. committed almost 800 environmental violations over two years while building its Las Vegas tunnel “Loop.” A Sept. 22 cease-and-desist letter from the state Bureau of Water Pollution Control details alleged breaches including unapproved digging, […]
Will Taylor Swift’s 2025 Era Keep Breaking Records? Summary Taylor Swift’s 2025 cycle for The Life of a Showgirl is less a conventional album roll‑out and more a coordinated multimedia business manoeuvre. The launch combined an album, a companion theatrical release, heavy physical merchandising (notably a vinyl rush), and ongoing tour economics to create multiple […]
