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(AsiaGameHub) -   As gambling gains prominence on university grounds and throughout Pennsylvania, Penn State has introduced a new initiative focused on responsible gaming. Key Information The “Know the Odds” campaign is being led by the Penn State Collegiate Recovery Community. Emphasis is placed on early intervention, raising awareness, and reducing the stigma associated with gambling addiction. Last week, Happy Valley Casino debuted in State College, featuring slot machines, table games, dining options, and a bar. University Recovery Group Highlights Gambling Dangers Via its Collegiate Recovery Community (CRC), Penn State is integrating gambling harm prevention into the broader dialogue regarding recovery on campus. This organization, dedicated to assisting students and faculty in addiction recovery, operates the “Know the Odds” initiative. Its goal is to enable earlier detection of gambling issues and reduce the embarrassment associated with seeking assistance. This initiative’s launch coincides with the recent opening of Happy Valley Casino in State College. Located in the space previously occupied by Macy’s at Nittany Mall, the venue offers 600 slots, 30 table games, two eateries, and a bar.Last week, CRC also conducted a webinar addressing the risks of addiction and problem gambling. Jason Whitney, the CRC director, stated: “Gambling activates various biochemical processes that closely resemble those seen in serious drug addiction. “Even without external drug use, gambling acts like an addiction to the chemicals produced by your own body.” Pennsylvania continues to stand as one of the biggest regulated gambling markets in the United States. The state recorded $602.4 million in total gaming revenue across all sectors in March, marking a 4.9% increase from 2025.Nevertheless, worries regarding gambling on college campuses have escalated with the rise of legal sports betting. With online sportsbooks increasing accessibility, experts caution that an increasing number of students view betting as an integral part of the college experience. According to Whitney, recovery involves more than just a temporary break from gambling. He remarked: “The primary objective of recovery isn't simply to stop. “It is about sustaining that cessation and upholding the lifestyle change. One must treat it with the seriousness it deserves, acknowledging it can destroy lives or be fatal. Suicide is the primary way this disease results in death.” Penn State is not the only institution taking action. Carnegie Mellon University has introduced a curriculum that explores wagering via statistics and cognitive science, while also tackling the subject of gambling addiction. Betting-related challenges persist in college sports. Reports emerged last week indicating that Texas Tech quarterback Brendan Sorsby is facing an NCAA investigation regarding alleged bets made during his time at Indiana University, which reportedly included wagers on his own team.This is not the first instance of Penn State proactively educating its student body about the potential harms of gambling. Back in February 2025, Penn State’s Counseling and Psychological Services (CAPS) issued a warning to students regarding the risks of sports betting amid its growing availability. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Ainsworth Game Technology Ltd has confirmed Ryan Comstock as its new chief executive, with the appointment taking effect immediately. The Australia-listed slot machine manufacturer stated that Comstock already possesses the necessary gaming regulatory licensing approvals from his previous roles at the company. He joined Ainsworth in 2012, was appointed chief operating officer in 2018, and assumed the acting CEO position on October 13, 2025, following Harald Neumann's resignation. Ainsworth explained that its board evaluated Comstock during the six months he served as acting CEO before finalizing the permanent appointment. The company noted: “The board assessed that Mr Comstock has the required attributes and experience developed across all operational areas of the company to fulfill the role of CEO.” Ainsworth also highlighted his deep understanding of the business and the initiatives he spearheaded during his interim tenure. It added:“His comprehensive knowledge across all operational areas of the company, along with the initiatives he implemented, were taken into account when making this decision.” Comstock will be paid a base salary of $625,000 annually. His contract is open-ended and remains subject to periodic review by the board. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Macau’s gaming tax receipts reached just over MOP9.07 billion, equivalent to roughly $1.12 billion, in April, based on fresh data released by the Financial Services Bureau. The April figure was 2.3% higher than the MOP8.87 billion logged in March. Over the first four months of 2026, Macau has gathered MOP34.87 billion in gaming tax revenue, a 16.9% increase compared with the same stretch last year. Gaming Still Drives Most Of Macau Revenue Casino-related taxes remain the primary pillar of Macau’s public finances. Gaming taxes accounted for nearly 86.5% of the MOP40.30 billion in current government revenue recorded through April 30. Under the 10-year concession system effective since January 1, 2023, Macau levies an effective 40% tax on casino gross gaming revenue, with the six concessionaires operating within this framework. Nevertheless, tax receipts do not correspond directly to casino GGR for the same calendar period. Payments typically arrive at government offices after operators report GGR, so the figures may reflect timing differences between gaming activity and tax registration.For the full 2026 year, the government projects gaming tax revenue of nearly MOP92.53 billion. The MOP34.87 billion collected in the first four months already represents approximately 37.9% of that annual target. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   New York online sportsbooks had one of their strongest spring performances since the launch of online betting, with April revenue significantly outpacing the growth in total wagers. Good to Know New York online sportsbooks earned $244.1 million in revenue in April. Total betting handle hit $2.16 billion, a marginal 0.5% increase from April 2025. FanDuel led the market with $101.2 million in revenue from $811.1 million in wagers. New York Sportsbooks Convert Modest Handle Growth into Strong Revenue Gains Wagering activity in New York remained robust in April, but operators secured a significantly larger share of bets compared to the previous year. The state’s eight mobile sportsbooks reported $244.1 million in gross revenue, according to the New York State Gaming Commission. Spring months typically fall short of $200 million in revenue without NFL action, making April one of the market’s strongest non-football months. Only May 2025, with $248.9 million, has recorded higher revenue outside football season since online betting began in 2022. Total handle saw little change year over year. New York bettors placed $2.16 billion in wagers, just above the $2.15 billion from April 2025. However, revenue rose 26.7% compared to last year, as operators retained 11.3% of all bets—up from 9% in April 2025. April capped off a strong two-month period. Online sportsbooks generated $217.3 million during March Madness and $244.1 million in April, totaling $461.4 million in revenue for March and April combined. That figure exceeds the same period last year by $106.9 million. A packed sports calendar fueled betting volume, featuring the Final Four, the start of the NBA and NHL playoffs, a full month of MLB games, and the Masters. Operators also achieved over $50 million in gross revenue in each of the last four weeks of April. FanDuel led the pack, posting $101.2 million in revenue from $811.1 million in wagers, aided by a 12.5% hold. This marked FanDuel’s second time surpassing $100 million in monthly gross revenue in New York during 2026. DraftKings followed with $80.7 million in revenue from a $771.6 million handle. A 10.5% hold kept it competitive despite a lower win rate than FanDuel. Fanatics Sportsbook collected $23.5 million from $262 million in wagers, achieving a 9% hold. BetMGM recorded its best month yet in New York, earning $15.8 million from a $157.5 million handle. Caesars added $13.7 million from over $139 million in bets. BetRivers maintained an 11.3% hold on $41.8 million in wagers. TheScore Bet handled $3.5 million more than BetRivers but managed only a 6.6% hold. Bally Bet retained 8.3% of its $1.3 million handle. New York also saw a substantial tax inflow. The state collected $124.5 million from its 51% online sportsbook tax in April. Year-to-date tax revenue reached $452 million, nearly 7% higher than the first four months of 2025. Revenue momentum slowed after April. In the week ending May 3, sportsbooks earned $45.7 million, down 22.8% from the prior week. Handle dropped 7.8% to $493.6 million. FanDuel maintained a 12% hold on $176.6 million in bets, while no other operator achieved a double-digit win rate. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   MGM Osaka Corp has updated its senior leadership as construction progresses on the JPY1.51 trillion integrated resort set to open in 2030. Good to Know Nobuki Watanabe was appointed representative director and chairman on May 1. Edward Bowers was reappointed as representative director and president. MGM Resorts confirmed that the Osaka IR is still on schedule and within budget for a 2030 launch. MGM Osaka Leadership Shuffle Continues Amid Ongoing Construction MGM Osaka Corp has appointed Nobuki Watanabe, an executive from Orix Corp, as its new representative director and chairman, bringing fresh leadership to the project during the critical phase of construction for Japan’s first approved casino resort. Watanabe, who serves as a managing executive officer at Orix Corp, assumed his new role on May 1, succeeding Toyonori Takahashi, who has transitioned to an advisory position at Orix. Since joining Orix in 2001, Watanabe has gained experience in developing new businesses and corporate management—skills he will now apply as MGM Osaka advances its development efforts. The company also announced the reappointment of Edward Bowers as representative director and president, following the restructuring of MGM Osaka Corp into a company with a formal board of directors. MGM Osaka Corp is a joint venture involving MGM Resorts International, Orix Corp, and several local investors. The integrated resort project carries an estimated cost of JPY1.51 trillion (approximately US$9.66 billion). Sankei Shimbun reported that MGM Osaka Corp now operates with a five-member board. In addition to Watanabe and Bowers, the board includes Bill Hornbuckle, CEO and president of MGM Resorts; Hidetake Takahashi, CEO and director of Orix; and Shuuji Irie, senior managing executive officer at Orix. Construction progress remains on track. During MGM Resorts’ recent first-quarter earnings call, Hornbuckle stated that “more than 40 percent of the foundation piles have been installed or completed” at the Osaka site. He added: “The first concrete floor has been poured, and the first structural steel has been erected. “MGM Osaka is still on time and on budget for its 2030 opening.” This update underscores two key developments: a streamlined leadership structure and steady advancement in construction at the upcoming Osaka casino resort. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Konami Group reports a small revenue gain in its gaming and systems division for FY2026, but profit fell sharply as margins dropped from last year. Good to Know Gaming and systems revenue reached JPY43.08 billion, up 1%. Operating profit in the division fell 50.4% to JPY3.65 billion. Konami expects gaming and systems revenue of about JPY46.0 billion in FY2027. Konami Gaming Profit Falls Despite Revenue Gain Konami gaming and systems revenue reached nearly JPY43.08 billion, or US$274.9 million, for the financial year ended March 31. The total sat slightly above the JPY42.67 billion posted a year earlier. Profit told a weaker story. Operating profit in the division fell 50.4% year on year to JPY3.65 billion. The operating profit margin came in at about 8%, down from about 17% in the prior 12-month period. The division covers casino slot machines and casino floor management systems. Konami Group serves casino markets outside Japan through Konami Australia Pty Ltd and Konami Gaming Inc in the U.S. The group also added Konami Online Interactive last October, placing iGaming as the “third pillar” in Konami Gaming businesses.North America and Australia stayed stable, according to the company, with new slot products from competing suppliers continuing to create placement opportunities. Konami released Solstice 49C during the year, calling it the “first new cabinet model in approximately six years”. The cabinet also introduced the Solstice series. Game content tied to Solstice, including the Bomberman series built around Konami intellectual property, “maintained high performance,” the company said. In Australia, Konami said the Bull Rush Stampede series gained traction. The systems side also added clients. Konami said more facilities adopted Synkros, helped by installations at casinos in California and New Mexico, along with cruise ships.The company also widened Synk Vision, its player facial recognition tool for slot machines, to table games. Konami stated: “We expanded the feature of Synk Vision, the player facial recognition solution for slot machines, to table games. This will further improve convenience for both casino operators and players,” For FY2027, Konami expects gaming and systems revenue of about JPY46.0 billion and operating profit of JPY6.5 billion. The wider Konami Group had a stronger year. Group revenue rose 17.1% to nearly JPY493.68 billion, while profit increased 33.9% to nearly JPY100.01 billion. Konami also declared a final dividend of JPY138.50, up from JPY107.50 a year earlier, payable June 4. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Herndon has temporarily suspended a proposed casino project in Northern Virginia due to increasing opposition centered on a downtown location near the Metro corridor. Good to Know The Herndon Planning Commission supported a resolution to limit casino development. Comstock had planned to develop a project on key land in downtown Herndon. A formal vote by the Herndon Town Council is required before any casino ban can be enacted. Herndon Casino Plan Meets Local Opposition A casino near downtown Herndon now appears increasingly unlikely after town leaders moved forward with a resolution designed to block gaming operations near the Metro corridor. The Planning Commission approved the measure Monday night, responding to strong community concerns about hosting a casino in the Northern Virginia municipality. Mayor Keven LeBlanc noted that numerous residents expressed that a casino would not align with Herndon’s community character. Comstock was associated with the proposed development on high-value land in the heart of Herndon. Earlier, local officials considered zoning language permitting a casino only as part of a larger mixed-use complex featuring a hotel, retail outlets, and conference facilities adjacent to the Herndon Metro station. That option has since been narrowed. The project remains paused while the town proceeds through subsequent steps. The Planning Commission’s action is not final, and the Herndon Town Council must still conduct an official vote before the casino restriction can take effect as local law. Land ownership may become the more contentious issue. Comstock retains legal title to the property, but town officials assert they may have grounds to reclaim it if the intended development no longer conforms to the area’s established community plan. That conflict could ultimately escalate into litigation. LeBlanc told Patch that Herndon began reviewing potential code amendments in January to safeguard the long-term vision for development around the Metro station. He explained that the town’s process had already commenced prior to Governor Abigail Spanberger vetoing legislation allowing a Fairfax County casino—including one in nearby Tysons. For the time being, the Herndon casino proposal confronts dual obstacles: a possible local prohibition and a rising dispute over who holds authority over the land’s future use. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Two registered iGaming suppliers have been fined by Ontario regulators after their casino games were found on unregulated gaming sites accessible to players in the province. Key Information Relax Gaming Limited and Arrise Solutions Limited were each fined $40,000. Both companies are registered with the AGCO to develop and supply slot and casino-style games. The AGCO noted that both suppliers cooperated and promptly blocked access to their games. AGCO Takes Action Against Suppliers for Unregulated Site Access The Alcohol and Gaming Commission of Ontario (AGCO) has imposed $40,000 penalties on Relax Gaming Limited and Arrise Solutions Limited following the discovery that their products were available on unregulated online gaming sites targeting Ontario players. Both entities hold AGCO registration as game suppliers, authorizing them to create and distribute slot and casino-style games within Ontario's regulated iGaming market. However, the regulator confirmed that their games were also accessible through platforms operating outside the established provincial framework. AGCO CEO and registrar Dr. Karin Schnarr stated:“Ontario’s regulated iGaming market is built on clear rules designed to protect players and hold companies accountable.” She further commented: “Unregulated gaming sites operate outside that framework, meaning players have no assurance of fair games, timely withdrawals, or access to meaningful dispute resolution.” The regulator reported that both Relax Gaming and Arrise demonstrated cooperation during the investigation. Each company also took steps to restrict access to their games on the unregulated sites once the issue was identified.Ontario has intensified its efforts against unregulated gaming activities over the past year. This recent action underscores that penalties can be applied to suppliers, not just operators, when regulated content appears on unauthorized platforms.Dr. Schnarr emphasized:“When regulated games appear on unregulated sites, it risks enabling a market that exposes players to real harm.”For the Ontario iGaming sector, this case highlights the ongoing importance of supplier oversight, product distribution controls, and the methods registered companies use to monitor the online presence of their games. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Entain has entered the debate over football betting sponsorships by urging the Independent Football Regulator (IFR) to prevent clubs from accepting funds from gambling operators lacking a UK licence. Good to Know Entain is calling on the IFR to act before the 2026–27 football season begins in August. The company considers unlicensed gambling sponsorship as amounting to serious criminal conduct. Entain submitted four recommendations related to club licensing, governance, and due diligence. Entain Presses IFR on Unlicensed Betting Sponsors Entain is advocating for stricter controls on gambling sponsorships for English football clubs, particularly when operators do not possess a UK licence but still engage fans via club partnerships. The owner of Ladbrokes and Coral issued this request following the closure of the IFR’s Second Licensing Consultation on Tuesday. The consultation outlined plans for a new licensing framework applicable to clubs across England’s top five football leagues. Entain asked the IFR to clarify that club revenue derived from “serious criminal conduct” also includes income from sponsorship deals with unlicensed gambling companies. This phrase forms the core of Entain’s appeal.CEO Stella David stated the regulator already possesses sufficient authority to intervene ahead of the upcoming season: “Premier League clubs are currently sponsored by gambling firms engaged in criminal activity. The Independent Football Regulator could halt this immediately by recognising that unlicensed gambling companies targeting UK consumers through English football are violating the law—straightforward and unambiguous. “The regulator does not require additional powers, new legislation, or even an entirely new rule to enforce this. In fact, it has already developed one. We are urging the regulator to define and implement it before the next season commences.” Currently, the market permits overseas operators to sponsor UK teams indirectly through white-label agreements with locally licensed businesses. Entain also estimated that up to six operators without any UK licence or presence are sponsoring Premier League clubs.Entain itself holds football sponsorship interests: Ladbrokes serves as Liverpool’s official betting partner, while Coral acts as Birmingham City’s UK partner. In addition to its main demand, Entain provided the IFR with a fourth recommendation: clubs should include a board-level declaration in their annual submission confirming whether they have significant commercial relationships with UK-licensed gambling operators. This annual declaration was established under the Football Governance Act 2025, which created the IFR last year and seeks to ensure club compliance. Entain also recommended that the Football Club Corporate Governance Code treat reputational risks arising from commercial partnerships as a standard board responsibility. Furthermore, it requested the IFR publish general guidance for all licensed clubs regarding due diligence requirements and obligations associated with gambling partners. This initiative comes amid ongoing instability at Entain, including the departure of board member Ricky Sandler, the termination of its agreement with Eminence Capital, and CEO Stella David continuing her leadership after multiple executive changes in recent years. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   GamScore is gearing up for an October release with a mobile application aimed at providing UK gamblers with better transparency regarding their risk levels, spending habits, offshore betting, and compliance status. Good to Know Josh Apiafi and Phill Adams created GamScore. The application utilizes artificial intelligence and open banking to monitor gambling behavior in real time. GamScore intends to make the service free for users at the point of access. GamScore App Scheduled for October Release Positioned as a gambling wellness tool rather than a standard operator product, the platform is the brainchild of Josh Apiafi, a former executive at Betfair and Rewards4Racing, and Phill Adams, the founder of Punt, an AI-driven, UKGC-licensed B2C esports tote. The application seeks to identify early signs of gambling risk using AI-based behavioral science, real-time analytics, educational advice, and notifications. It will also alert users to the dangers of offshore betting sites and the black market. GamScore stated that it has “responded to the UKGC’s request for innovative technical solutions that have industry-wide support”.The company further expressed its belief that the app can help reconcile consumer protection with the long-term sustainability of the UK betting and gaming market. Additionally, GamScore is welcoming investment opportunities. Launching October 2026 – GamScoreThe GamScore app will offer bettors a personalised dashboard, identify and warn of black market activity and minimalise friction if checks are required. Bettor Empowered pic.twitter.com/6zBcMywwXN — GamScore (@GamScore) May 6, 2026 How GamScore Functions GamScore leverages open banking to provide a live snapshot of a bettor’s financial standing and gambling activity. The application gathers data three times a day and employs AI to generate a score. This score would be accessible to operators when customers engage with the service. Co-founder Josh Apiafi explains: “So, if your behavior changes—for example, if you chase losses—that will negatively impact your score. It is a continuous process.” The use of open banking in gambling has previously sparked privacy concerns. Apiafi noted that GamScore ensures the process remains independent of direct operator control, offering customers a single hub for data management. He stated: “Here, it keeps things separate from the operator. It provides a one-stop shop. “It will also offer a profit and loss overview across your betting accounts. A unified customer view is provided, but it is owned by the customer, not the operator.”Future updates will allow users to track compliance measures across different operators. This could help customers avoid repeatedly submitting the same financial documents, reducing frustration that might otherwise drive them toward offshore sites. GamScore also intends to identify black market activity through open banking deposits. Apiafi stated: “What GamScore will do is detect [black market gambling] via your deposits through open banking. If it is an unlicensed bookmaker, a warning will be issued. “It will also gather data, as there is speculation about the number of people using the black market.” For operators, GamScore aims to provide a lower-friction option compared to static credit checks. Apiafi mentioned that the app can update throughout the day and quickly pinpoint adverse activity through educational prompts and content. “For operators, GamScore offers a lower-friction, user-controlled alternative to traditional static, point-in-time credit checks,” according to Apiafi. The platform maintains that it is independent of the betting industry, though it plans to partner with operators to offer the service as a safety and compliance tool. Apiafi remarked: “If successful, this is a solution for the betting industry, the consumer, and the sport I have dedicated most of my career to. There are no drawbacks for the regulator, the operator, or the consumer. It is a major win for everyone.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   DraftKings aims to play a larger role in sports prediction markets, but CEO Jason Robins emphasizes that stronger customer trust is essential for the industry to develop into a sustainable and healthy business over the long term. Key Points DraftKings launched its prediction market platform in December. The company plans to invest $200 million to $300 million in this sector. Jason Robins noted that some users may be losing money at a faster rate than they would when betting on regulated online sportsbooks. DraftKings Seeks Trust Before Pursuing Growth DraftKings identifies a significant opportunity in prediction markets, but Robins highlighted potential issues during the company’s first-quarter earnings call. He suggested that early data indicates customers in prediction markets are losing money more quickly than they would through state-regulated online sportsbooks. This trend raises concerns from both a business and customer protection standpoint, particularly as DraftKings prepares to make substantial investments in the space. A key concern revolves around the counterparties behind trades. While prediction markets are often described as peer-to-peer platforms, Robins pointed out that this framing can obscure the reality for many participants. “I think part of it is that prediction operators, some of them anyway, are sort of irresponsibly saying that this is not the same as a product like ours, where you have people playing against each other on prediction markets, when the reality is that most of the money is being put up, most liquidity is being put up, by professional market-makers, institutions, things like that,” Robins said during the earnings call. “So, I think some people don’t necessarily understand that, and as that becomes more apparent, I think you’ll start to see that moderate,” he added. DraftKings has encountered similar dynamics before—most notably with daily fantasy sports, where recreational players often competed against more experienced experts. That experience taught the company the importance of safeguarding the player pool and preventing casual users from exiting too rapidly. In contrast, federally regulated prediction market operators did not go through the same learning curve. Now, DraftKings intends to apply those lessons as it develops its exchange-based model. “You’ve got to make sure you protect the ecosystem as best as you can, obviously, within the rules and regulations,” Robins stated. “Doing things to make sure that you’re building a healthy ecosystem was critical to us building out a sustainable daily fantasy sports product. And right now, I don’t see that necessarily happening with some of our predictions competitors. But as time goes on, hopefully we’ll set the standard there, and it’ll be something that really becomes an important part of managing the ecosystem.” The remarks followed DraftKings reporting better-than-expected results for the quarter ending March 31. They also came as the company gears up to allocate an additional $200 million to $300 million toward expanding its prediction market offerings. For DraftKings, the strategy isn’t solely about entering a high-growth adjacent market. Robins wants the company to grow in a way that “strengthens customer trust” rather than depleting new users before the product can mature. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Wynn Resorts concluded the first quarter with increased revenue, improved profitability, and greater capital returned to shareholders, while its UAE casino resort project continued to require substantial investment. Key Highlights Wynn Resorts' Q1 revenue rose to $1.86 billion from $1.70 billion. Net income attributable to Wynn reached $120.5 million. Wynn Al Marjan Island now faces a slight delay, though work continues toward a 2027 opening. Strong Performance Driven by Macau and Las Vegas Operations Wynn Resorts delivered a stronger first quarter, primarily supported by Wynn Palace in Macau and its Las Vegas operations. Operating revenue grew by $156.4 million year over year, reaching $1.86 billion. Adjusted Property EBITDAR also improved, increasing to $562.4 million from $532.9 million. Profit growth outpaced revenue gains. Net income attributable to Wynn rose to $120.5 million, up from $72.7 million a year earlier. Diluted net income per share climbed to $1.04 from $0.69. On an adjusted basis, Wynn Resorts reported net income of $129.7 million, or $1.25 per diluted share, compared with $113.1 million, or $1.07 per diluted share, in Q1 2025. Las Vegas operations provided consistent earnings support. Revenue from Las Vegas reached $661.9 million, up from $625.3 million. Adjusted Property EBITDAR increased to $232.5 million from $223.4 million, with table games win percentage at 25.2%, within the anticipated range of 22% to 26%. Wynn Palace showed the most significant improvement. Revenue surged to $659.3 million from $535.9 million, while Adjusted Property EBITDAR jumped to $203.8 million from $161.9 million. Mass market table games achieved a 26.6% win rate, above last year’s 24.8%. VIP table games win as a percentage of turnover was 3.11%, within the expected 3.1% to 3.4% range. In contrast, Wynn Macau experienced a weaker performance. Revenue remained nearly unchanged at $329.9 million, down slightly from $330.0 million the prior year, but Adjusted Property EBITDAR declined to $75.6 million from $90.2 million. Mass market table games win percentage dropped to 15.1% from 18.7%. VIP table games win as a percentage of turnover fell sharply to 0.39%, well below the expected 3.1% to 3.4% range. Encore Boston Harbor also saw a decline in results. Revenue decreased to $205.7 million from $209.2 million, and Adjusted Property EBITDAR fell to $50.5 million from $57.5 million. Table games win percentage was 20.2%, within the expected 18% to 22% range. Wynn Al Marjan Island remained a major focus of spending. During the quarter, Wynn Resorts contributed $100.1 million in cash to the 40%-owned joint venture developing the UAE casino resort. Total cash contributions to date have reached $1.01 billion. The $5 billion Wynn Al Marjan Island project had originally targeted a spring 2027 opening but now faces a modest delay due to regional conflict. Construction, however, remains ongoing. Craig Billings, CEO of Wynn, commented: “Construction has continued to progress, with over 22,000 workers on site. The project team has demonstrated remarkable resilience. Despite logistical and shipping challenges, deliveries have persisted, and we are rerouting shipments and sourcing alternative materials where necessary.” During the quarter, Wynn Resorts also executed share repurchases, acquiring 528,667 shares at an average price of $101.72, for a total expenditure of $53.8 million. As of March 31, the company retained $401.1 million available under its share repurchase program. The Board of Directors announced a $0.25 per share cash dividend, payable on May 29, 2026, to stockholders of record as of May 18, 2026. As of end-March, Wynn Resorts held $1.19 billion in cash and cash equivalents—excluding $607.6 million in short-term investments held by Wynn Macau, Limited. Total current and long-term debt amounted to $10.52 billion, comprising $5.76 billion tied to Macau, $877.2 million linked to Wynn Las Vegas, $3.28 billion under Wynn Resorts Finance, and $598.6 million held by the consolidated retail joint venture. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Unrest continues at Entain after another board change, with Ricky Sandler, CEO of Eminence Capital, leaving as a non executive director while the fund he leads reportedly prepares to close. His exit follows a long run of disruption at the gambling group, including activist investor pressure, the resignation of Jette Nygaard-Andersen, the short tenure of Gavin Isaacs, and the return of Stella David as permanent CEO. Good to Know Ricky Sandler joined the Entain board in January 2024 after activist investor pressure. Entain will end its relationship agreement with Eminence Capital immediately. Eminence plans to sell any Entain shares held in its funds and accounts in an orderly way. Sandler Exit Closes A Tense Entain Chapter Ricky Sandler arrived at Entain after a rough period for the gambling group. Activist investors wanted changes, the board faced pressure, and the company had already drawn criticism over strategy, dealmaking, and capital use. Now that board link is ending. Entain said Sandler will leave his non executive director role, while the legally binding agreement with Eminence Capital will also finish immediately. That agreement came with his appointment in January 2024 and limited how far he could challenge management on some issues. Eminence Capital launched in 1999 and manages about $7 billion, according to the original report. Reports last week said the fund plans to close. In a client letter, Sandler linked that decision to recent returns that failed to meet internal expectations and investor standards.Any Entain shares held in Eminence managed funds and accounts will be “liquidated in an orderly manner,” Sandler said. He added that the sale process would happen “without any pre-determined time constraints, with the intention of maximising value realisation”. Sandler served on the capital allocation committee at Entain during his time on the board. His role followed an open letter from the summer of 2023, when he attacked the company approach to bolt on acquisitions. He called the use of what he saw as undervalued shareholder capital to fund those deals “illogical.” Entain chairman Pierre Bouchut said: “On behalf of the board, I thank Ricky for his support. Thanks to his contributions, the company is in a stronger position and is well equipped to capitalise on the many opportunities in the global sports betting and gaming market.”Sandler also struck a calmer tone on exit. He said he was pleased to have served on the Entain board and pointed to major operational changes across the past two years. He also said he had confidence in Entain management and the board to increase shareholder value. The departure lands after repeated leadership changes at Entain. Jette Nygaard-Andersen resigned in late 2023 after investor unrest. Stella David then took over on an interim basis from December 2023 to September 2024. Former Scientific Games chief Gavin Isaacs later became permanent CEO, but left after five months. David returned as interim CEO and became permanent CEO in April last year. For Entain, the Sandler exit removes one activist investor voice from the boardroom. Yet the timing also keeps investor attention on capital discipline, performance, and the next stage under Stella David. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   DraftKings commenced 2026 with a first quarter that surpassed Wall Street's projections, attributed to enhanced sportsbook margins, more disciplined customer acquisition, and initial success with its Super App strategy. Good to Know DraftKings reported a 17% year-over-year increase in revenue, reaching $1.65 billion. The company achieved a net profit of $21.1 million, a turnaround from a $33.9 million loss in the previous year. Customer acquisition costs for prediction markets in April saw a reduction of over 80%. DraftKings Leverages Strong Q1 Performance to Intensify Focus on Prediction Markets DraftKings presented investors with a dual narrative for the quarter. Its primary sportsbook and iGaming operations sustained growth, concurrently, prediction markets appeared to be less expensive to develop than initially anticipated. For the period concluding March 31, DraftKings announced revenues of $1.65 billion, marking an approximate 17% increase year-over-year. A net profit of $21.1 million was recorded, a significant improvement from the $33.9 million loss reported in the same quarter last year. Adjusted EBITDA climbed to $167.9 million from $102.6 million, and adjusted earnings per share stood at $0.20, surpassing Wall Street's forecast of $0.17. CEO Jason Robins commented:“We are off to a fantastic start to the year as our first-quarter results exceeded our expectations,” The sportsbook segment largely drove the quarter's performance. Revenue from this division rose 24.1% to $1.09 billion, despite a modest 1.5% increase in betting handle to $14.08 billion. The sportsbook margin saw an enhancement, reaching 7.8% from 6.4% in the prior year. iGaming contributed a consistent additional revenue stream. Online casino product revenue grew 8.9% to $461.3 million, constituting almost 28% of the group's overall revenue. Initially, customer figures appeared softer; however, DraftKings attributed this decline to its withdrawal from the Texas lottery market. Monthly unique paying customers decreased by 4% to 4.2 million. Excluding this factor, the number would have increased by 2%. Average revenue per monthly unique payer also saw an uptick, supported by improved retention and the acquisition of new users across both sportsbook and iGaming platforms. DraftKings maintained its 2026 financial outlook. The company continues to project revenues between $6.5 billion and $6.9 billion, alongside adjusted EBITDA ranging from $700 million to $900 million. A more recent development revolves around the DraftKings Super App. This platform integrates sportsbook, iGaming, and DraftKings Predictions into a single mobile application. The company reported that in April, customer acquisition costs for its prediction market segment dropped by over 80%. Robins stated: “Our core business is strong, and profitability is inflecting. That gives us the firepower to press our advantage in Predictions,” said Robins. “With our Super App, market-making capabilities, proprietary exchange, and combos coming together, we intend to establish a leadership position in Sports Predictions before year-end.” The volume within the prediction market also saw an increase. Annualized consumer volume surpassed $1 billion in April, and annualized total traded volume exceeded $2.3 billion. These metrics showed month-over-month growth of 38% and 43%, respectively. Furthermore, DraftKings noted that 69% of its prediction market trading volume originates from states where traditional legal sports betting is not available. This provides the Boston-based operator with an alternative avenue to engage users who are unable to access conventional online sports betting. CFO Alan Ellingson remarked: “The business continues to scale efficiently as we grow revenue, expand profitability, and invest in high-return opportunities.” DraftKings reiterated its long-term objectives from its investor day presentation, which encompass a potential gross revenue opportunity of $55 billion to $80 billion by 2030 and a minimum long-term adjusted EBITDA margin of 30%. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   A 22-year-old from Ontario recently spoke with the CBC about his path to recovery, recounting how a minor $25 wager escalated into a $14,000 loss in just one night last year. He chose to remain anonymous to protect his future career opportunities following his past difficulties. The downward spiral began after he lost an initial $25 bet on a hockey game where the Montreal Canadiens lost to the Toronto Maple Leafs. In an effort to win back his money, he turned to an online casino app to play blackjack. “We were out drinking and having a good time, but… every time I went to the restroom, I was attempting to recover what I had lost—and I was essentially just digging a deeper hole for myself,” he remarked. The night ended at his home, where he depleted the remaining $2,000 in his bank account. “I felt completely isolated and was unsure of how to move forward,” he admitted. “I felt like I had failed myself, as well as my parents and my girlfriend.” He eventually found help through the Center for Addictions and Mental Health in Toronto, undergoing weeks of therapy that included group sessions with others facing similar challenges. He has now been gamble-free for over a year. “I think I always understood deep down that… eventually, the house wins,” he said. Never Give Up: Healing is Possible A study conducted by Mental Health Research Canada last year revealed that 9.1% of active bettors in Canada suffer from a gambling disorder. Noah Vineberg, a resident of Ottawa, also shared his story of redemption with CasinoBeats. Having lost $1 million primarily through sports betting, Vineberg offered some encouraging words for those currently battling addiction: If I could go back and speak to myself on the day I nearly gave up, I’d say: You have no idea what the future holds, but you know you want to be the one to make it happen, and you will never forgive yourself if you walk away. My message to anyone struggling is that empathy is vital. The most difficult tasks you undertake will also be the most fulfilling. The easy path will always lead to regret. Recovery is the greatest gift you can give yourself. Cherish it and respect it. Do not take it for granted. These personal narratives can offer hope to others. Another bettor from the UK, who remained anonymous, shared a similar experience with CasinoBeats. “I lost an initial £10,000 and then roughly another £10,000 after that,” he explained. “The biggest issue was chasing losses. I would wager on sports, and if I lost, I would go to an online casino to play roulette or blackjack in hopes of winning it back. Then I’d lose there and keep gambling even more to try to recover.” His story also resulted in a positive outcome. “I searched the internet for debt relief options,” he said. “I found an organization called StepChange, and they were fantastic. They contacted my creditors, froze the interest on my loans, and helped me establish a repayment schedule.” CasinoBeats believes in the importance of regularly sharing these stories of redemption because recovery is attainable. Do not lose hope or hesitate to seek help. Editor’s note: The National Problem Gambling Helpline is 1-800-522-4700. It serves as a resource for individuals who may be struggling with gambling addiction, as well as their families. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Online casino usage is growing rapidly in Japan, despite recent high-profile crackdowns and increasingly severe penalties for both gamblers and operators. These findings come from a major new study commissioned by the Japanese anti-gambling NGO, the Society Concerned About Gambling Addiction (SCGA). The SCGA provides counseling services to individuals struggling with gambling addiction. For its research, the organization surveyed over 460 people across Japan. The study revealed that the average debt accumulated by online casino users has surged by 140% over the past four years, reaching 10.84 million yen ($69,000). “This amount exceeds double the average annual income of a salaried worker—approximately 4.6 million yen [$29,000],” the researchers wrote. “The level of gambling-related debt now threatens not only individual lives but also the economic stability of entire households.” It remains illegal to operate or participate in online casinos within Japan. Additionally, accessing overseas-based online casinos from Japanese territory is considered a criminal offense. The study also found that many addicted online gamblers are resorting to crime to fund their habits. Data shows that online casino users are statistically 10% more likely to be arrested than non-users. Most Online Casino Users in Japan Are Young Men According to the authors, the vast majority of online casino users in Japan are men aged 20 to 39. Those in their 20s make up 37% of users, while those in their 30s account for 35%, with 96% of all users being male. However, the data indicates a sharp rise in youth gambling. The number of teenage users has increased sixfold since 2022, and 6.5% of university students surveyed admitted to being addicted to online casinos. The average age at which underage users place their first bet is 17, according to the data. The research also shows that desperate online gamblers often turn to their parents for financial help. Over 90% of gambling addicts reported borrowing money from their mothers and fathers to repay debts, with an average loan amount of $57,000. “Gambling addiction is becoming more widespread because there is a lack of awareness that anyone who gambles can develop an addiction,” the authors noted. They emphasized that gambling addiction “is a disease that cannot be cured without proper treatment.” The authors added that educational lectures and financial management programs have proven ineffective, and suicide rates linked to youth gambling are on the rise. The SCGA criticized Tokyo’s plans to approve the development of three integrated casino-resorts. A government building in Tokyo, Japan. (Image: Yosuke Ota) The first of these resorts, MGM Osaka, is scheduled to open in 2030. “With the opening of the Osaka casino approaching, there is a critical shortage of measures to combat gambling addiction,” the NGO concluded. ‘Just the Tip of the Iceberg’ According to recently released figures from the National Police Agency, authorities investigated 158 online casino-related gambling cases in 2025—a threefold increase compared to 2024. Police officials describe this figure as “likely just the tip of the iceberg.” The agency estimates that approximately 3.37 million Japanese residents have “experience with online casinos.” Officials estimate total annual betting on illegal platforms at around 1.2 trillion yen ($7.7 billion). Japanese newspaper Kochi Shimbun reported that the Ministry of Internal Affairs and Communications has responded by establishing an expert working group tasked with drafting “more effective deterrent measures.” Sources familiar with the working group say experts have discussed various geo-blocking strategies aimed at restricting access by Japanese users to popular overseas casino websites. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   A court has sentenced two South Korean teenagers with a gambling addiction to prison for stealing a gold bracelet from a jeweler in order to settle debts from betting. As reported by the South Korean broadcaster MBC Gwangju, a division of the Gwangju District Court convicted the two individuals, who were not named for legal reasons, of theft and unlicensed driving. According to prosecutors, the two acted as shoppers. A 19-year-old high school student, one of the pair, requested to examine a gold bracelet valued at 30 million won (approximately $21,000). The 19-year-old is said to have diverted the jewelry store employee's attention, then took the bracelet and ran from the shop. Their partner, a 17-year-old high school student, was waiting outside in a vehicle. After fleeing the location, the 19-year-old subsequently sold the bracelet. Prosecutors informed the court that the proceeds were used to clear gambling debts. Gambling-Addicted South Koreans Get Jail Time The pair received prison sentences ranging from six months to one year from the presiding judge, Seo Ji-hye. During the sentencing, Judge Seo stated: “The defendants committed the offense to pay back debts from unlawful online gambling. Although the [jewelry store] owner's losses have not been entirely compensated, the court has considered the defendants' youth.” South Korea is experiencing a growing epidemic of youth gambling. A study last year revealed that nearly 5% of adolescents in Daejeon are hooked on online gambling. Central Daejeon, South Korea. (Image: Yoo Chung [CC-BY-SA-3.0]) Teenagers are also placing bets on Sports Toto using counterfeit or stolen identification. Toto is the government-authorized sports lottery system in South Korea. Government officials state that the nation's illegal gambling industry is currently valued at about $65 billion. Gambling Awareness Campaign Authorities state they are taking action. On May 6, the Seoul Metropolitan Police Agency announced a collaboration with the Seoul Metropolitan Office of Education to increase understanding of the risks associated with gambling addiction. The two agencies have decided to produce videos and online advertising initiatives. As reported by the South Korean media outlet Newsis, these materials aim to “help young people recognize the dangers of cyber gambling.” The campaign videos and advertisements will feature the cautionary statement: “A single click could be the start of a lifetime of online gambling.” The organizations stated the ads and videos will be displayed on screens in buses and subway stations. They will also be shown on monitors in apartment building elevators and libraries. “Preventing cyber gambling starts with young people cultivating critical judgment. These abilities will enable them to independently identify and steer clear of risks,” explained Acting Superintendent Kim Cheon-hong of the Seoul Metropolitan Police Agency. Kim added: “We will enhance awareness by providing tailored prevention messages that address the [gambling opportunities] students commonly come across.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Campaign employees are reportedly leveraging poll data they receive as part of their jobs to place bets on prediction markets, resulting in significant financial gains. These staffers gain access to poll data before it is publicly released. Once published, these polls can influence the odds on prediction market platforms like Polymarket. The practice involves staff members trading on these markets before a poll's release and then cashing out once the market odds shift accordingly. An individual working anonymously for a statewide campaign in the Southern United States shared with NPR how they have successfully used this strategy to earn thousands of dollars. In one instance, a newly released poll indicated a substantial lead for a particular candidate. Despite the campaign staff's skepticism about the poll's accuracy, they anticipated that its public release would cause a significant shift in the odds on prediction markets regarding that candidate's election victory. “Myself and others started placing bets before that poll came out,” the staffer disclosed. “And then, sure enough as soon as that poll came out, the stock went up and everybody made money.” The staffer mentioned that they personally profited thousands of dollars from trading on a single market alone. Staff Admit It's "Foolish Not to Profit" From Insider Information “Because you have all this information and knowledge that isn’t publicly available yet, it’s almost foolish not to bet on it before it’s made public,” the staffer stated. However, if discovered, these individuals could face penalties from the prediction market platforms where they traded, as well as potential legal prosecution. While the exact definition of insider trading remains somewhat ambiguous, lawmakers are increasingly pushing for clearer regulations to prevent further scandals. The US Senate has recently enacted a rule barring Senators from trading on prediction markets, but this prohibition does not currently extend to campaign staff. There are also ongoing calls for the Commodity Futures Trading Commission (CFTC) to adopt a more assertive stance. Rep. Ritchie Torres has announced his intention to introduce legislation aimed at strengthening the rules governing campaign insiders trading on political prediction markets. Prediction markets cannot be a backdoor for campaign insiders to profit off nonpublic polling, strategy, and fundraising data. I will be introducing legislation to ban insider trading on political event contracts and require platforms to detect suspicious campaign-affiliated… https://t.co/wz6w5UW3cA— Rep. Ritchie Torres (@RepRitchie) May 7, 2026 The Fight Against Insider Trading The campaign staff acknowledged trading on Polymarket and another prediction market platform, PredictIt. Following a series of controversies, Kalshi and Polymarket updated their insider trading policies in March. Polymarket has stated that it now prohibits users who have the ability to influence the outcome of an event from trading on those specific markets. Furthermore, the platform has declared that it forbids trading based on stolen confidential information and illegal tips. The company elaborated on what constitutes trading on stolen confidential information, specifying that “participants may not trade on any contract if they possess confidential information about the outcome or likely outcome of the underlying event, where using that information would violate a preexisting duty or obligation of trust or confidence owed to another person or entity.” Was This Insider Trading? It remains unclear whether the political campaign staff were explicitly instructed not to trade on prediction markets. If an individual trades using privileged information and has an obligation not to disclose or misuse it, this would be considered insider trading by the CFTC, according to former regulator Carl Kennedy, who spoke to CasinoBeats. Kennedy also highlighted that “If you are a registered exchange … one of your roles is also to be a regulator deputized by the CFTC to police your own market.” Polymarket played a role in the arrest of US soldier Gannon Van Dyke for betting on the capture of Nicolas Maduro, an operation in which Van Dyke was directly involved. Despite this, the platform continues to facilitate trading on wars and conflicts, even though these activities are expressly prohibited by CFTC regulations. When contacted for comment on whether campaign staffers trading on election outcomes violates the platform’s rules, the company did not respond. Another former CFTC employee, Jeff Le Riche, suggested that the campaign staff's employment agreements would determine if their trades contravened the organization's regulations. “There’s probably a pretty good argument that they’re using information that they’re not supposed to use for their benefit,” Le Riche commented. This situation underscores the challenges in regulating individuals who trade on prediction markets and is likely to bolster the argument against allowing election betting altogether. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Italian football players Sandro Tonali and Nicolo Fagioli have been sentenced to criminal penalties for their involvement in illegal gambling activities. While both had previously served significant suspensions related to sports betting, they also faced prosecution on criminal charges. The Italian Football Federation (FIGC) imposed a 10-month ban on Tonali and a 7-month suspension on Fagioli, effective from October 2023, for placing bets on soccer matches. Both players have since returned to competition with their clubs—Newcastle United and Fiorentina. Tonali acknowledged that he placed wagers on matches involving his own teams during his time at Brescia and AC Milan in Italy. Fagioli admitted to betting on soccer games but denied wagering on matches featuring his team. In addition to their sporting sanctions, the two faced criminal charges for promoting illegal gambling websites where they made their own bets. They both entered guilty pleas. Tonali was fined €78,250 ($92,000), while Fagioli received a one-month suspended prison sentence. Tonali & Fagioli Urged Other Players to Gamble Illegally Fagioli confessed to encouraging fellow players to use unauthorized gambling platforms. In his testimony, he stated: “I recommended to [fellow player Nicolò] Zaniolo illicit sites where he could place online bets—on roulette or poker—and told him about them. The operators had promised me incentives if I referred other bettors to their sites.” Advertising gambling services is prohibited in Italy, and professional athletes are strictly barred from endorsing any form of betting on sports. This includes Argentina’s goalkeeper Emi Martínez, who is currently under investigation for appearing in a gambling advertisement in his home country. Beyond promoting these platforms, Fagioli and Tonali were accused of opening accounts and facilitating payments for other players, including Zaniolo, US midfielder Weston McKennie, and at least seven additional Serie A athletes. This group of players—alongside tennis star Matteo Gigante—was found to have used these illegal platforms exclusively for games of chance, such as online poker or roulette, rather than placing bets on actual soccer or tennis matches. As a result, they collectively paid a standard penalty in Italy for participating in unlicensed gambling: a fine of €258 (just over $300). Players Living ‘Second Life’ After Gambling Addictions The verdict concludes the ongoing investigation. As part of their sporting sanctions, Tonali and Fagioli were required to undergo treatment for gambling disorders. Tonali completed an eight-month program addressing his gambling addiction and participated in at least 16 public outreach events across Italy to discuss the risks associated with betting. Fagioli took part in a six-month therapeutic intervention and attended 10 informational sessions at amateur sports centers and recovery clinics. Tonali described his current life as a “second life” following his recovery from addiction. In an interview with Italian newspaper La Repubblica, he reflected on the difficulty of the process. “During my time away from football, I spent extensive sessions with a psychologist,” Tonali explained. “His role was to help me understand how deeply I had become entangled in this habit.” He revealed that he began gambling at age 17 or 18, and over time, the behavior worsened without his awareness. “When someone finds themselves in such a situation, it’s difficult to ask if they’re unwell,” he said. “They almost always answer no—even when they know something is wrong. People struggle to accept they have this kind of problem and often choose secrecy.” A gambling addict speaking anonymously to CasinoBeats shared a similar experience, citing the stigma around admitting addiction as a key reason for concealment. For Tonali, his high salary shielded him from immediate financial consequences, delaying his recognition of the severity of his condition. “Usually, you only realize there’s a crisis when you lose something important—family, job, income,” he said. “In my case, my financial stability prevented me from seeing how serious things had become. Recovering wasn’t easy.” In Fagioli’s case, he reportedly wagered up to €3 million ($3.5 million), accumulating debts totaling €587,000 ($690,000). He described his personal “rebirth” as beginning “when they banned me.” “That’s when I finally understood what I had put myself through and decided to return to a normal life,” he told The Athletic. Both players have since resumed their professional careers and represented Italy internationally; however, the national team missed qualifying for the World Cup for the third consecutive tournament this summer. Gambling Organizers Sentenced to Prison Terms Within the broader investigation, those responsible for operating the betting platforms where Tonali and Fagioli placed their wagers received prison sentences. Thomas De Giacomo and Patrick Frizzera were each handed custodial terms—two years and three months and two years, respectively. Authorities allege they functioned as “gatekeepers,” supplying players with access codes to private digital spaces where they could gamble on poker, roulette, and sports without betting limits. Two of the main sites implicated in the probe were Betsport22.com and Vipsport360.com. Both platforms are now defunct. To conceal gambling-related financial flows, the scheme arranged for indebted players to purchase luxury watches from Milan-based jeweler Elysium Group. Players would transfer funds via bank wire to Elysium, requesting “luxury timepieces”—specifically models from Rolex and Patek Philippe. The store issued genuine invoices for physical items, but the watches were never delivered. Three individuals—Antonio Scinocca, Antonino Parise, and Andrea Piccini—received prison sentences of two years and six months under a plea agreement. They were convicted of money laundering and aiding the illegal betting operation. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   GameStop and Ryan Cohen have transformed the proposed eBay acquisition into an increasingly bizarre narrative, complete with auction listings, claims of account suspension, and lingering questions about financing. Key Points On May 3, GameStop unveiled a $56 billion all-cash-and-stock bid for eBay. Ryan Cohen later stated on X: “I’m selling stuff on eBay to pay for eBay.” Cohen claimed his eBay account was suspended, though it reappeared shortly thereafter. Ryan Cohen Turns His eBay Bid Into an Auction Fiasco Ryan Cohen has introduced yet another peculiar twist to GameStop's attempted takeover of eBay. On May 6, the GameStop CEO posted on X that he was listing items on eBay “to fund the purchase of eBay.” The items included video games, gaming accessories, sports cards, a GameStop-branded mousepad, and a Halo 2 Master Chief action figure. Several bids surged quickly, with the mousepad reaching $1,525 and the Halo statue approaching $14,000. I’m selling stuff on eBay to pay for eBayhttps://t.co/REaITX9iXr— Ryan Cohen (@ryancohen) May 6, 2026 Of course, these sales would fall far short of covering the deal’s cost. As announced on May 3, GameStop intended to acquire eBay through a half-cash, half-stock offer valued at approximately $56 billion. The central issue remains unresolved: GameStop has yet to clearly demonstrate how it plans to finance such a massive transaction. In a subsequent interview with CNBC, Cohen offered little clarity when asked directly about funding sources. He expressed confusion over what he called a “straightforward question” and sidestepped providing a direct response. The situation escalated when Cohen promoted his eBay listings and then claimed his account had been suspended. The notification he shared cited permanent suspension due to activity deemed “putting the eBay community at risk,” including removal of his listings. However, the account was restored within less than 12 hours, with most of his listings still visible and available. This leaves the entire takeover proposal shrouded in skepticism, humor, and market speculation. Some analysts view the sequence—especially the CNBC exchange and the auction stunt—as a calculated publicity move. If so, it raises significant legal concerns, particularly since GameStop’s share price has not responded favorably to the news. For now, GameStop retains its unsolicited bid for eBay, Cohen continues to face unanswered questions regarding financing, and the auction gambit has only deepened doubts about the seriousness of the proposal. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Disney executives have discussed combining Disney+ with other company apps, including Disneyland Resort and Disney Cruise Line Navigator, according to a Bloomberg report. Good to Know The talks remain at an early stage. Disney reportedly refers to the idea internally as a “super app.” The plan would make Disney+ a larger hub for streaming, parks, cruises, and fan activity. Disney Plus Could Become A Wider Fan Hub Disney may attempt to consolidate more of its customer experience within a single app, with Disney+ positioned at the core. As reported by Bloomberg, senior leaders have explored merging Disney+ with applications associated with the Disneyland Resort and Disney Cruise Line Navigator. While still in the preliminary phase, those familiar with the discussions indicate that the company internally calls it a “super app.” Josh D’Amaro, who succeeded Bob Iger as Disney CEO earlier this year, has advocated for a more integrated connection between Disney’s streaming services and travel offerings. Currently, parks, cruises, and streaming are managed through distinct digital platforms, despite many customers engaging with multiple parts of the brand.D’Amaro stated during the most recent earnings call: “Disney+ becomes the primary relationship between Disney and its fans, the place where everything comes together,” The concept holds logical appeal. Disney+ reaches households well before families schedule a park visit or book a cruise. Integrating resort tools, travel suggestions, and booking options alongside Disney content could help the company retain users within its own ecosystem for extended periods. However, the strategy also presents user experience challenges. Disney+ subscribers and park guests do not always overlap. A viewer seeking only movie entertainment may be uninterested in cruise promotions or park planning features within the same application. This Disney initiative appears more focused and realistic compared to Elon Musk’s vision of an all-encompassing “everything app” for X. Disney would not need to incorporate payments, messaging, or broad social functionalities. Instead, the company aims to unify entertainment, travel, and customer accounts under one cohesive Disney platform.The main challenge will lie in achieving balance. Disney+ functions effectively because users understand its purpose. Introducing parks and cruise offerings could strengthen Disney’s direct engagement with fans, but excessive travel marketing risks cluttering the app. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Pragmatic Play has launched Mr Null’s Wicked Wares, a new online slot featuring a 3-4-4-4-3 reel configuration and a maximum win potential of up to 5,000x the bet. The game's central mechanic centers on reels 2 through 4, where mystery symbols may appear and transform into random paying icons. Each transformed symbol carries a multiplier ranging from 2x to 10x. When multiple mystery symbols contribute to a single winning combination, their multipliers are combined, boosting the overall payout accordingly. The free spins feature enhances this multiplier system further. Landing three scatter symbols triggers seven free spins, and any additional scatters during the bonus round grant extra spins. During free spins, the game begins with an initial 2x multiplier. With each mystery symbol that lands on reels 2 to 4, the corresponding reel's multiplier increases by +1x. These multiplier upgrades persist throughout the feature, allowing for progressive growth across subsequent spins. In select markets, players have access to enhanced betting options. These include features that ensure mystery symbols appear on every spin and elevate minimum multipliers. Where permitted by local regulations, both Free Spins and Super Free Spins can be purchased directly, with Super Free Spins commencing at a starting multiplier of 5x. This release follows recent Pragmatic Play titles such as Jelly Express and Sweet Bonanza 2500. Sharon McHugh, Director of Public Relations at Pragmatic Play, commented: “Mr Null’s Wicked Wares brings together mystery symbols and escalating multipliers within a visually striking and atmospheric theme, while the growing multiplier meters maintain momentum throughout the feature. It represents a unique addition to our portfolio, and we're confident players will find it highly engaging.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Light & Wonder reported mixed results in Q1 2026, with revenue and EBITDA growth tempered by legal reserve costs from older cases. Key Facts Revenue grew 2.1% year-on-year to $790 million. Net income declined 36.6% to $52 million. iGaming revenue rose 18.2%, while SciPlay revenue dropped 7.4%. Legal Expenses Drag Down Strong Quarter Light & Wonder experienced increased activity in gaming operations and iGaming during Q1, but elevated legal costs significantly reduced profitability compared to the prior year. The casino equipment and online games provider recorded $790 million in revenue for the three months ending March 31, reflecting a 2.1% increase from the same period last year. Adjusted EBITDA climbed 5.1% to $327 million, with all three core business segments showing improvements in both adjusted EBITDA and margins. Net income fell to $52 million from $82 million. The company attributed approximately $50 million of this decline to legal reserve provisions related to historical legal matters. This legal expense follows the Aristocrat Leisure litigation, which resulted in a $128 million settlement charge in Q4 2025. In January, Light & Wonder announced it would pay Aristocrat $127.5 million over claims involving alleged trade secret infringement connected to the Dragon Train product. Despite these challenges, the quarter showed several areas of growth. Gaming operations revenue surged 38.2% to $239 million, and table products revenue increased 23.5% to $63 million. Total gaming revenue reached $512 million, up 3.4%. In contrast, machine sales declined. Revenue decreased 25% to $156 million, primarily due to stronger international and North America video lottery terminal shipments in the previous year. Light & Wonder shipped 7,200 new gaming machines globally, down from 9,770. International shipments—including those in Asia Pacific—dropped to 2,176 from 4,001, though average selling price remained steady at around $19,700. Digital performance was mixed. iGaming revenue increased 18.2% to $91 million, while SciPlay revenue fell 7.4% to $187 million. CEO Matt Wilson noted that Light & Wonder was "seeing the benefits" of its ongoing investments in studios and content. He also highlighted the company’s 23rd consecutive quarter of growth in the North American premium installed base and the entry into Indiana with Grover, following the acquisition of Grover Charitable Gaming assets for $850 million last year. As of March, Light & Wonder had net debt of $5.2 billion. Now solely listed on the Australian Stock Exchange, the company forecasts full-year 2026 adjusted EBITDA growth in the mid- to high-single-digit range, with stronger earnings expected in the second half. CFO Oliver Chow stated: “Our first-quarter results demonstrate continued margin expansion across our businesses and growing cash flow, enhancing the improving cash conversion profile of our operations, as we make strategic investments in artificial intelligence and infrastructure that we believe will deliver meaningful long-term value by supporting both growth and efficiency.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   LCKY Group has agreed to buy RoyalCasino, adding a Denmark-only online casino brand to a portfolio already built around regulated markets. Good to Know RoyalCasino operates only in the regulated Danish online casino market. LCKY Group expects the deal to add 18–20% to revenue and 29–31% to EBITDA. The transaction is expected to close in the second half of 2026, pending regulatory approvals. RoyalCasino Deal Gives LCKY More Danish Scale LCKY Group is adding RoyalCasino to its casino portfolio in a deal aimed at strengthening its position in Denmark. The company said Thursday that the acquisition should lift group revenue by 18–20% on an immediate, pro-forma basis. EBITDA is expected to rise by 29–31%, giving LCKY a larger and more profitable base in a regulated European market. RoyalCasino will sit alongside LuckyCasino, HappyCasino, FlaxCasino, Vera&John, and OneCasino as part of LCKY Group.Richard Brown, CEO of LCKY Group, said: “This is a highly strategic and financially compelling acquisition for LCKY Group. RoyalCasino brings both strong market presence and high-quality earnings in Denmark, a market that aligns closely with our focus on regulated, sustainable growth” Denmark gives the deal most of its value. The market has strict oversight, a mature operator base, and steady online casino demand. Gambling revenue in Denmark reached DKK714 million in August, up 25.1% year-on-year. For LCKY, RoyalCasino also increases the share of revenue tied to regulated markets. That fits the wider group strategy, which has focused on licensed casino operations rather than broad unregulated reach.Brown added: “The transaction enhances our scale, strengthens our competitive position, and provides clear opportunities to drive synergies and long-term value creation. We look forward to working closely with the RoyalCasino team to realise these opportunities.” RoyalCasino CEO Per Petersen framed the deal around local knowledge and a larger operating platform. He said: “Our industry is characterised by high levels of innovation and competition, and here we see the combination of RoyalCasino’s local expertise and LCKY’s international scale and iGaming pedigree as an excellent recipe for shared success. “We look forward to introducing LCKY to our Danish customer base.”The deal still needs customary regulatory approvals. LCKY expects closing in the second half of 2026. Partis advised RoyalCasino on the transaction. The companies did not disclose the purchase price or financing terms. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Kraken has entered into a worldwide agreement with MoneyGram to simplify cryptocurrency cash withdrawals for users requiring access to local currency. Good to Know Kraken users will gain the ability to convert crypto to fiat currency in over 100 nations. MoneyGram contributes a cash pickup network spanning close to 500,000 retail outlets. The initial launch will occur in the US, Europe, Latin America, Africa, and select Asia Pacific regions. Kraken Adds A Larger Cash Exit Route Kraken is partnering with MoneyGram to address a fundamental challenge in cryptocurrency: converting digital holdings into spendable local cash. The cryptocurrency exchange stated that the collaboration will enable millions of its clients to cash out crypto as traditional currency at MoneyGram outlets in more than 100 countries. Frequently, these transactions will be settled immediately or nearly so. This partnership integrates Kraken's exchange and liquidity infrastructure with MoneyGram's payment network. For customers, this offers a more straightforward off-ramp for converting crypto to local money, bypassing slower alternative transfer methods.Kraken Co-CEO Arjun Sethi remarked that digital assets achieve practical utility only by interfacing with established financial frameworks. He characterized the connection with MoneyGram as a step on the broader journey to a unified financial ecosystem where crypto and conventional payments coexist. MoneyGram CEO Anthony Soohoo emphasized accessibility. With its presence of nearly 500,000 retail locations in over 200 countries and territories, MoneyGram provides Kraken with a cash distribution network that extends into numerous markets with inconsistent banking access. Per the agreement, Kraken will oversee customer onboarding and regulatory compliance. MoneyGram will furnish licensed money transfer services via its regulated network. The initial stage will serve users in the United States, Europe, Latin America, Africa, and certain parts of the Asia Pacific. Subsequently, the firms plan to introduce local bank deposits and more extensive integrations within Kraken's platforms. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Entain is facing renewed compliance scrutiny in Australia following regulator findings of deficiencies in how Ladbrokes AU and Neds AU managed BetStop self-excluded customers. Key Details ACMA identified over 500 violations of national self-exclusion regulations. The investigation targeted Ladbrokes AU and Neds AU, both subsidiaries of Entain. Entain agreed to an 18-month court-enforceable undertaking rather than accept a formal infringement notice. Entain Case Highlights Need for Robust Multi-Brand Controls BetStop was established in Australia to provide licensed wagering operators with a mechanism to ensure self-excluded players are fully protected from accessing their services. However, this safeguard failed to function as intended within Entain’s operations. The Australian Communications and Media Authority (ACMA) uncovered more than 500 breaches involving Entain’s brands Ladbrokes AU and Neds AU. Issues included active accounts remaining open, unauthorized new account registrations, and the absence of required BetStop messaging in customer communications. Some individuals maintained multiple accounts across both platforms. ACMA determined that Entain’s systems were unable to link these accounts under a unified customer profile. In one case, an account remained active for over a year after the individual had registered with BetStop. ACMA member Carolyn Lidgerwood stated: “When someone enrolls in BetStop, gambling service providers must close all associated accounts they hold within their network. “Upon registering for self-exclusion, individuals should be unable to create new accounts for any licensed wagering services in Australia.” The scope of the violations raises broader concerns about enforcement effectiveness. The ACMA launched its probe based on just seven consumer complaints and an internal review of 50 BetStop-registered users—yet this limited sample revealed more than 500 breaches. Since its launch in August 2023, BetStop has recorded nearly 60,000 registrations, with over 37,000 individuals still subject to exclusion as of March 2026. For these users, inadequate account matching transforms a protective measure into a broken promise. Instead of issuing a formal infringement notice—which ACMA deemed unavailable under the circumstances—the authority required Entain to enter into an 18-month court-enforceable undertaking. This includes engaging an independent consultant, overhauling compliance and governance frameworks, developing a remediation plan, and reporting any future BetStop-related violations. Entain claims it has already implemented a unified single customer view across its brands and increased BetStop verification checks to “hourly active account monitoring”. In its submissions to ACMA, the company attributed the breaches to “the initial 12–18 month phase of the BetStop rollout, during which operators were still refining strategies to prevent circumvention attempts by individuals.” This regulatory challenge coincides with another legal action: AUSTRAC initiated Federal Court proceedings against Entain Australia in December 2024, alleging failures in anti-money laundering and counter-terrorism financing obligations. With two regulators now challenging distinct aspects of the same compliance regime, the case gains significance beyond Australia. It underscores critical issues for major operators managing multiple brands across regulated jurisdictions. Professor Sally Gainsbury, Director of the Gambling Research and Policy Unit at the University of Sydney, commented to European Gaming: “People seeking help to reduce their gambling need systems that are straightforward to use but highly resistant to exploitation. “Operators and regulators must prioritize ensuring comprehensive protections for those who have self-excluded, since lapses erode system credibility and discourage participation. While no system can be flawless, adherence to regulatory requirements remains fundamental.” Europe employs analogous centralized self-exclusion schemes, such as OASIS in Germany and CRUKS in the Netherlands. The core technical requirement remains consistent: linking every account tied to a single user to a shared exclusion profile, regardless of brand affiliation. For Entain, the immediate challenge lies not only in rectifying the situation in Australia. Regulators in other jurisdictions will expect tangible evidence that cross-group single customer view controls function effectively, not merely as a post-facto fix following regulatory intervention. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Kalshi has doubled its valuation once more following a year marked by rapid expansion across sports event contracts, financial markets, politics, and other real-world event trading. Good to Know Kalshi raised $1 billion in a funding round led by Coatue. The prediction market company is now valued at $22 billion. Annualized trading volume reached $178 billion in April. Kalshi’s Valuation Doubles as Trading Volume Surges Kalshi secured $1 billion at a $22 billion valuation, marking another significant capital infusion amid heightened user and institutional engagement. Coatue led the investment, with participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. According to The Wall Street Journal’s March 19 report, Kalshi was already on pace to achieve the same $22 billion valuation after its previous round valued the company at $11 billion. Philippe Laffont, founder of Coatue, commented: “Kalshi is developing the leading platform for trading in real-world events. Consumers have already embraced it, and we believe institutions will follow suit.”Kalshi currently accounts for over 90% of trading activity within the U.S. prediction market sector, and the company reported that institutional trading volume increased by 800% over the past six months. Trading volume has accelerated even more dramatically on a year-over-year basis. In April, annualized volume hit $178 billion, a figure 32 times higher than the $5.5 billion recorded in April 2025. Sports event contracts played a key role in increasing Kalshi’s public visibility during the NFL season. These contracts allow users to trade outcomes of games, offering a way to profit when predictions are correct. While the format may resemble online sports betting, Kalshi operates under a different regulatory and business model. In prediction markets, prices shift dynamically based on real-time buying and selling by participants. In contrast, sportsbooks set fixed odds and take wagers against customers. Put simply, Kalshi functions more like a peer-to-peer marketplace, whereas sportsbooks operate on a peer-against-house model.Regulatory distinctions form the core difference between the two. Kalshi and similar prediction market platforms fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC), while sportsbooks require state-specific gaming licenses. This federal framework enables prediction market platforms to offer contracts—including those related to sports—in states where sports betting remains illegal. State regulators and gaming authorities have challenged this arrangement, and legal disputes persist. Nonetheless, user interest continued to grow across Kalshi and competing prediction market operators throughout last year. This latest $1 billion funding follows two prior rounds. Kalshi previously raised $300 million at a $5 billion valuation in August and then closed another $1 billion round at an $11 billion valuation in December. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Russia has approved a new casino zone in the Altai Republic, with officials tying the plan to tourism, jobs, and additional tax revenue. Good to Know The new Altai Republic gambling zone became official after Vladimir Putin signed the law. Authorities expect more than 1,000 jobs and over $4 million in yearly tax revenue. Russia is also discussing legal online casinos with a proposed 30% tax on operator profits. Russia Adds Another Casino Zone As Budget Pressure Grows Russia has added the Altai Republic to its list of approved gambling territories following President Vladimir Putin’s signing of the law, published on May 2. The casino zone is expected to be established near Manzherok, at the Sberbank-owned ski resort in the mountains. Officials aim for the project to support tourism, hotels, restaurants, skiing, and outdoor travel rather than function solely as a standalone casino destination. The location also provides a regional economic benefit. The Altai Republic remains one of Russia's poorest regions, with 13.8% of residents living below the subsistence level. Authorities anticipate that the venue will generate more than 1,000 jobs upon completion. Budgetary pressures further underscore the significance of the move. Russia recorded a $74 billion federal budget deficit, while regional budgets collectively faced a $20 billion shortfall. In this context, the Ministry of Finance had already identified gambling expansion as a potential source of revenue. The new site would become the sixth official gambling zone in Russia and the second within the broader Altai region. Existing zones include Crimea, Sochi, Krasnodar, Primorye, and Kaliningrad. Russia banned casino gambling outside designated zones in 2009 due to concerns about addiction, organized crime, and social harm in major urban areas. Altai already has prior experience within this system. Russia first approved an official gambling zone in the region in 2007, though full operations did not commence until 2014, following years of slow development. Meanwhile, Finance Minister Anton Siluanov has proposed broader reforms for online gambling. The plan would lift the iGaming ban, establish a Unified Betting Accounting Center, license domestic online casino operators, and impose a 30% tax on their profits. Officials estimate the online casino initiative could yield approximately $1.3 billion annually, or nearly 100 billion rubles. Player winnings would not be included in the taxable income calculation. Since 2009, Russia has prohibited online casinos; however, offshore operators continue to reach players via mirror websites and duplicate servers. This enforcement challenge now coexists with the new Altai casino project as Russia considers how much legal gambling revenue it seeks to capture. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   The US gaming industry anticipates continued growth in the coming year, but prediction markets have emerged as a major source of concern for executives. Key Insights Over 60% of surveyed executives anticipate increased revenue and improved financial positions. A significant 81% identified prediction markets as a very serious threat. The AGA survey included responses from 26 senior leaders representing gaming companies, suppliers, and operators. Prediction Markets Cast Shadow Over Positive Gaming Outlook Gaming executives are expressing greater confidence than they have in recent quarters, yet sports event contracts now rank among the top risks for the regulated betting sector. The American Gaming Association reported Thursday that its latest Gaming Industry Outlook reflects the most optimistic sentiment since Q3 2023. More than 60% of surveyed senior executives expect revenue growth, stronger balance sheets, and higher capital expenditures over the next 12 months. This optimism persists despite ongoing inflation, elevated gas prices, trade policy uncertainties, geopolitical tensions, and the conflict with Iran. Economic indicators also show improvement—the AGA noted that the Gaming Conditions Index grew by 1.5% year-over-year in Q1 2026 and expanded across two consecutive quarters. AGA president and CEO Bill Miller stated: “The legal state- and tribal-regulated gaming industry continues to demonstrate resilience and adaptability amid a dynamic economic landscape. Operators remain focused on investing in innovation and delivering world-class entertainment, while navigating an evolving competitive and regulatory environment.” However, prediction markets have significantly altered the tone of this outlook. Platforms such as Kalshi and Polymarket now offer sports event contracts in numerous U.S. states, including markets that closely resemble traditional sportsbook offerings. These platforms cover spreads, totals, and moneyline-style outcomes across the NFL, NBA, MLB, NHL, NCAA, and other major leagues. This expansion has raised alarms among regulated gaming leaders. According to the AGA, 81% of surveyed executives classified prediction markets as a very serious threat. Miller added: “Illegal sports betting via sports event contracts is increasingly undermining legal, state- and tribal-regulated operations. It is clear that the legal, regulated sector views this as a serious threat and will continue to take action to defend the integrity of our industry.” The core issue lies in regulatory divergence. Prediction markets operate under federal oversight by the Commodity Futures Trading Commission (CFTC), whereas sports betting and iGaming require state or tribal authorization. This federal framework has enabled event contract platforms to operate in states where online sports betting remains prohibited. Tribal gaming authorities have already voiced opposition, and more than a dozen states are currently engaged in legal disputes involving these trading exchanges. Meanwhile, FanDuel, DraftKings, and Fanatics withdrew from the AGA after opting to develop their own prediction market products. These companies refrain from offering event contracts—also known as swaps—in jurisdictions where they already conduct legal sportsbooks. Among current AGA members are sports betting operators that have chosen not to enter the prediction market space, including Caesars, MGM Resorts, Rush Street Interactive, and PENN Entertainment. Executives also highlighted mounting pressure from conventional cost factors. Conducted between March 23 and April 8, the survey found that 54% cited employee wages as the primary expense challenge, followed by tax and regulatory policy concerns. Additionally, competition from emerging gaming formats gained traction as a worry, with 42% of respondents flagging it—a substantial increase from 25% in Q3 2025. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   North Carolina sports betting maintained a strong pace in April, with online sportsbooks accepting more than $600 million in wagers for the seventh time in eight months. Good to Know North Carolina’s online sports betting handle reached $612.5 million in April. Gross revenue climbed to $64.5 million, up 37.6% from April 2025. The state collected $11.6 million in tax revenue from operators. North Carolina Betting Revenue Rises Despite Lower Hold North Carolina sportsbooks experienced a smaller hold this year, yet bettors placed $612.5 million in wagers through the seven licensed online platforms in April 2026. The North Carolina State Lottery Commission announced the figures on Thursday. The handle increased from $576.2 million in April 2025, marking another month exceeding the $600 million threshold. Revenue reflected a stronger performance. FanDuel, DraftKings, BetMGM, Fanatics, Caesars, theScore Bet, and bet365 collectively generated $64.5 million in gross revenue. This marked the second-lowest monthly profit of 2026, only surpassed by February, though it still represented a 37.6% increase compared to the same month last year.Operators did not achieve a double-digit hold. Sportsbooks retained 8.2% of all wagers—the first hold below 10% since July 2025 and the sixth-lowest win rate since legal online sports betting launched in the Tar Heel State. April continued to offer ample sports content, sustaining high betting volumes. MLB completed its full schedule, while the Masters provided an additional major event. The NCAA Tournament concluded in early April, although no North Carolina team advanced to the Final Four. Duke, a top seed, was eliminated by UConn in the Elite Eight, who later lost the National Championship Game to Michigan. Despite the year-over-year growth in handle, April 2026 fell short of April 2024, the first full month of legal sports betting in North Carolina. That earlier month saw nearly 6% higher betting activity, fueled by NC State’s Final Four run and aggressive promotional offers from sportsbooks. Promotional wagering totaled $18 million in April. This figure declined from $20.8 million in March but exceeded the $14.4 million recorded in February.Through the 18% tax rate, North Carolina received $11.6 million in sports betting taxes in April—over $3 million more than in April 2025. The state has now collected more than $50 million in estimated tax revenue in 2026 and over $121 million since the fiscal year began in July. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.