分類: iGame

(AsiaGameHub) -   Thai authorities report dismantling a money laundering operation that served a well-known online gambling network. In an official statement, the Thai Department of Special Investigation (DSI) announced the freezing and seizure of funds from multiple bank accounts amounting to more than 500 million baht, equivalent to $15.3 million. Law enforcement stated they conducted a raid on a factory location in Chom Thong District, Bangkok, on the afternoon of April 27. There, they apprehended a man identified as Chaiyuth (surname withheld) based on a warrant from March. The Wat Raja Orasaram monastery in Chom Thong District, Bangkok. (Image: Hdamm/Heinrich Damm [CC BY 2.0]) Police confirmed the suspect faces three distinct charges related to money laundering. Authorities further stated that Chaiyuth has been detained pending a hearing at a criminal court in the Thai capital. Investigators allege Chaiyuth created a series of shell accounts, which he used to process illicit funds originating from several online casinos. According to police, all these casinos are run by the same online gambling syndicate. The case is still ongoing as officers pursue their probe into the broader criminal group. Thai Police Pursue Gambling Den Operators This arrest coincided with a government announcement about extending a major crackdown targeting illegal gambling dens, transnational crime syndicates, and forgers of immigration papers. As reported by Thai outlet The Better, Prime Minister Anutin Charnvirakul addressed the media on April 30 alongside cabinet members and security agency representatives. The Prime Minister explained that the initiative, dubbed Operation Dragon’s Scales, has already led to the shutdown of a large network of illegal gambling dens in Nakhon Ratchasima province and Bangkok. Officials verified that police executed raids at numerous locations in both areas. The crackdown in Nakhon Ratchasima led to the arrest of 89 people and the confiscation of millions of dollars from the alleged den operators. Police estimate the provincial dens generated roughly 60 million baht (over $1.8 million) monthly. Simultaneously, raids on two Bangkok gambling dens resulted in 100 arrests. Police indicated both venues also earned "tens of millions of baht" each month. Officials stated that police will now broaden the investigation across the country. As part of the same operation, more than 900 police units will work to locate and close many additional illegal betting dens, the officials added. Thailand's social media landscape was recently shaken when “Beer” Anusorn Pothong, an influencer with more than 7.2 million TikTok followers, ended a long hiatus to reveal his addiction to online gambling. Pothong stated that addiction to online casinos had destroyed his personal life and derailed his business ambitions. The influencer confessed to accumulating gambling debts totaling $621,000. 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 saw a higher volume of gaming-related criminal cases in 2025, primarily after local authorities added unlicensed gambling-linked currency exchange to the illegal gambling criminal framework. Key Facts A total of 2,373 gaming-related offences were recorded in Macau in 2025. Unlicensed currency exchange cases jumped to 471 from 89 recorded in the prior year. Both gambling-related illegal lending and kidnapping cases registered declines. Unlicensed Currency Exchange Fuels Rise in Case Numbers According to figures from the Office of the Secretary for Security, Macau law enforcement opened 2,373 gaming-related criminal cases in 2025, representing a 63% increase from the 1,456 cases logged in 2024. The uptick was not driven by a single type of offence. A legislative adjustment played a core role. The “Law to Combat Crimes of Illegal Gambling” took effect on October 29, 2024, offering police a clearer legal basis to crack down on unlicensed money exchange connected to gambling activities. “The increase was mainly caused by the criminalisation of unlicensed currency exchange for gambling purposes under the ‘Law to Combat Crimes of Illegal Gambling’, as well as revisions made by authorities to the statistical standards for gambling-related criminal cases,” the office stated. Unlicensed money exchange cases climbed to 471 in 2025, compared with 89 recorded one year prior. Fraud cases also doubled to 667 from 333, with authorities linking a large number of these incidents to unauthorised currency exchange operations surrounding local casinos. Some violent or confrontational offences also saw increases. Robbery cases rose to 14 from four, while offences including assault, intimidation and similar acts went up by 59.6%. However, Macau officials noted that the most serious categories of gambling-linked crime remained at low levels. Illegal lending for gambling fell 23% to 194 cases, while kidnapping incidents dropped 40.4% to 28 cases. “For offences that previously had a severe impact on public security, specifically illegal gambling lending and kidnapping, 194 and 28 cases were recorded respectively, marking a decrease of 23.0 percent and 40.4 percent compared with 2024 figures,” the office added. Cases involving organised criminal syndicates and illegal gambling activities, including under-the-table betting, also fell by more than 50%. Across all crime categories, Macau police launched 13,458 criminal investigations in 2025, a 5.9% year-on-year decrease. The office stated that serious violent crime, fraud and cybercrime all trended downward overall, attributing the trend to police crime prevention efforts and enhanced public awareness. 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) -   India has implemented its new framework for online gaming, providing regulators with a more defined system to distinguish between prohibited money games and permissible esports and social games. Key Takeaways The Promotion and Regulation of Online Gaming Rules 2026 became effective on May 1. The Online Gaming Authority of India is tasked with classifying games within a 90-day period. Online money games continue to be forbidden, while eligible esports and social games can operate under specific protective measures. New Regulations Differentiate Money Games from Esports India has transitioned from a broad prohibition on real-money gaming to a more detailed regulatory approach. The PROG Act 2025 and the Promotion and Regulation of Online Gaming Rules 2026, which were published on April 22, came into effect on May 1. This new framework establishes the Online Gaming Authority of India (OGAI), which will function as an attached office under the Ministry of Electronics and Information Technology. Based in Delhi, OGAI will comprise leadership from MeitY and representatives at the Joint Secretary level from various other ministries. OGAI will be responsible for determining whether games qualify as prohibited online money games or permitted social games and esports. The assessment criteria include fees, stakes, the likelihood of monetary gain, revenue models, rewards, in-game assets, and the potential for items to be monetized outside the game. Decisions are expected within 90 days of a complete application or notice.Online money games are defined as those where users pay a fee or stake with a reasonable expectation of financial gain, and these remain banned. OGAI will also maintain an official registry of games deemed harmful due to financial and social risks. This framework follows the August 2025 ban on real-money iGaming, which was enacted after estimates indicated that approximately one-third of the population had lost $2.3 billion annually on wagers. India's Technology Minister, Ashwini Vaishnaw, stated that the law "avoids a big evil that is creeping into society," while critics expressed concerns that players might turn to offshore platforms. Within 90 days of the ban, RMG platforms had reportedly recorded over $840 million in asset write-downs. Registration is now a crucial requirement for recognized esports and certain designated game categories. Providers can obtain a digital Certificate of Registration, valid for up to 10 years. However, any game identified as an online money game will not be eligible for esports recognition under the National Sports Governance Act 2025. Operators are also mandated to implement user protection measures. These rules encompass age verification, access limitations, usage time restrictions, parental controls, in-app reporting mechanisms, counseling support, fair play systems, and integrity controls. Platforms must clearly outline these safeguards and grievance redressal systems during the application process.User complaints will be addressed through a phased procedure. Initially, users can escalate their grievances to the platform within 30 days of a decision. If the issue remains unresolved, they can then approach OGAI, which aims to resolve such matters within another 30-day period. A final appeal can be made to the Secretary of MeitY, also with a 30-day target for resolution. Enforcement actions will primarily be conducted online, with investigations expected to be completed within 90 days of a complaint being filed. Penalties will be determined based on factors such as the gains derived from violations, the harm caused to users, the frequency of the conduct, its severity, and any efforts made towards correction. The regulations also extend to payment and financial systems. Regulated financial institutions and payment systems are required to refrain from facilitating transactions associated with prohibited online money games, which could impact in-app purchases, token models, and cash-out systems across the market. 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) -   MetaSpace has announced it has successfully hosted over 100 combined online and offline events, significantly expanding its Web3 eSports model and drawing more participants into the realm of blockchain gaming. Key Takeaways MetaSpace reports onboarding over 10,000 eAthletes into the Web3 space. The platform's events feature online qualifiers followed by in-person finals. Prizes awarded include monetary compensation, digital assets, and high-end travel opportunities. MetaSpace's Hybrid Event Approach Fuels Web3 eSports Expansion MetaSpace has developed its Web3 eSports framework with a focus on accessibility, incentives, and community engagement. Rather than solely relying on online competitions, the platform integrates digital qualifiers with live, offline finals. This strategy provides players with global access points while preserving the excitement of live competition. The company has now conducted more than 100 online and offline events. Its Discord and Telegram communities have been instrumental in connecting with competitive gamers and introducing new players to Web3, ensuring that blockchain technology does not present a significant hurdle. Player onboarding has emerged as a critical metric for the platform's success. MetaSpace states that over 10,000 eAthletes have joined its Web3 eSports ecosystem. The company attributes this growth to engaging competitive gameplay, tangible real-world rewards, and tournament structures designed to accommodate both novice and experienced competitors.Rewards are also a central component of the model. MetaSpace tournaments offer a range of prizes, including cash, virtual items, and premium travel experiences. The platform suggests that these incentives create more viable earning opportunities for eAthletes and reinforce the potential for blockchain-based eSports to offer professional career paths. Furthermore, MetaSpace is leveraging its event structure to broaden its geographical reach. The company aims to introduce competitive Web3 eSports to underserved regions, thereby increasing access to tournaments and blockchain gaming tools for a wider player base. 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) -   Illinois regulators extended Hard Rock Casino Rockford's owner license for an additional four years during the Illinois Gaming Board's April meeting. Good to Know Hard Rock Casino Rockford commenced operations on November 10, 2021. The license extension is effective retroactively from January 2026. The subsequent regular meeting of the IGB is scheduled for June 11, 2026. Illinois Gaming Board's April Session Included Rockford Renewal Amidst Broader Discussions Hard Rock Casino Rockford is set to continue operations with an extended owner license, following the Illinois Gaming Board's approval of a four-year extension. This renewal is retroactive to January 2026. The Rockford establishment is a significant part of Illinois' recent casino development. It was the inaugural casino to launch under the 2019 gaming expansion legislation, beginning operations on November 10, 2021, as the state's eleventh casino. Initially, the location utilized a temporary setup before transitioning to its permanent casino in August 2024. The April session addressed a range of topics beyond just a single casino license. Regulators also processed supplier license renewals, video gaming permits, sports wagering authorizations, and various enforcement matters throughout the Illinois gaming sector.Advertising regulations were also a component of the discussion. IGB Administrator Marcus D. Fruchter reminded licensees in the casino, video gaming, and sports wagering sectors that the board anticipates adherence to the revised marketing rules implemented last year. He further highlighted recent amendments to the Video Gaming Act concerning outdoor advertising at licensed video gaming venues. These regulations prohibit movable flags, banners, and temporary signs for a period of 90 days following the issuance of a location license. “The IGB takes the advertising and marketing requirements seriously and expects licensees and applicants to do the same,” Fruchter stated. “Violations may subject licensees to disciplinary action.” The board granted approval for 2 casino key personnel, 2 Level 1 occupational licenses, 284 Level 2 occupational licenses, and 2 casino supplier license renewals. Regarding video gaming, approvals encompassed 18 terminal handler candidates, 60 location candidates, 4 terminal operator candidates, 1 manufacturer license renewal, 2 distributor renewals, and 17 terminal operator renewals.Not all applicants received board approval. The IGB rejected 1 terminal handler applicant, 8 video gaming location applicants, and 2 video gaming location renewals due to invalid state liquor licenses. Sports wagering was also featured on the agenda. The board granted a Master Sports Wagering License to Wind Creek IL LLC, operating as Wind Creek Chicago Southland Casino. Additionally, it approved 230 Level 2 occupational licenses and 1 supplier license. The board adopted two decisions recommended by Administrative Law Judges and reversed previous denials for two video gaming location applications. Currently, Illinois boasts 17 casinos, 15 active and authorized sportsbooks, and almost 9,000 licensed video gaming establishments. 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) -   Tether announced a net profit of $1.04 billion for the first quarter of 2026, according to a May 1 attestation prepared by accounting firm BDO. The report also revealed a record reserve buffer of $8.23 billion. Good to Know Tether’s US Treasury holdings amount to roughly $141 billion. The Q1 2026 attestation indicated a net profit of $1.04 billion. Tether disclosed $8.23 billion in excess reserves supporting USDT. US Treasuries Continue to Fuel Tether’s Profits Most of Tether’s revenue comes from the reserves backing USDT, the dollar-pegged stablecoin used across crypto markets. These reserves are primarily held in US Treasury bills—short-term debt instruments issued by the U.S. government. The latest attestation revealed $141 billion in US Treasury holdings. With Treasury bill rates above 4%, this position can generate approximately $4 billion in annual interest income, which helped drive the $1.04 billion Q1 profit figure. The reserve buffer also expanded. Tether stated that excess reserves reached $8.23 billion, providing USDT with extra backing beyond the value of issued tokens. For stablecoin users, this buffer is one of the key metrics to monitor, as it shows how much leeway Tether has above basic reserve coverage.CEO Paolo Ardoino framed the update around reliability. He said: “Our responsibility is to ensure USDT functions without compromise. That means building a system that behaves consistently in any market condition, not just when things are stable.” The May 1 BDO attestation was also described as Tether’s most detailed financial disclosure to date. This added level of detail comes as stablecoins continue to draw attention from regulators, crypto traders, and traditional finance firms. 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) -   Red Rock Resorts reported record first-quarter revenue, driven by consistent Las Vegas casino performance and robust non-gaming spending, even as profit and adjusted earnings declined. Key Takeaways Net revenue climbed 1.9% to $507.3 million for the first quarter. Net income dropped 3.8% to $82.7 million. Red Rock has earmarked $375 million to $425 million for 2026 capital expenditures. Durango and Sunset Station Remain Top Capital Spending Priorities Red Rock Resorts continues to invest heavily in the Las Vegas local market, with Durango, Sunset Station and Green Valley Ranch all included in its short-term construction pipeline. The company cautioned that these projects will cause several million dollars in operational disruption during the second quarter. Even so, management cited consumer demand, tracked slot activity and higher average spend per visit as core drivers behind the continued revenue growth in Las Vegas. Las Vegas operations generated $499.5 million in revenue, a 0.9% increase. Adjusted EBITDA for the segment fell 1.5% to $232.4 million, though Red Rock still reported its second-highest adjusted earnings figure and near-record Las Vegas margins of 46.5%. Core slot and table game performance remained steady. Non-gaming segments, including hotels, food and beverage, also delivered near-record revenue and profitability. Native American operations contributed $4.7 million in revenue and $2.9 million in adjusted EBITDA. Durango stays a major growth focus for the firm. Red Rock is expanding the property by 275,000 square feet, with additional gaming and entertainment space set to launch in 2027. The total cost of the project stands at $385 million. Sunset Station is also receiving upgrades across its casino floor, dining outlets and entertainment areas. Chief Financial Officer Stephen Cootey noted the work will help the property better cater to growth in the Henderson area. “We are moving forward with the next phase of Sunset Station, designed to further strengthen the property’s competitive position and expand its customer appeal to capitalize on continued growth in Henderson, particularly from the master-planned communities of Ascaya and Cadence,” Cootey said. At the group level, adjusted EBITDA declined 1.2% to $212.6 million. Red Rock closed the quarter with $134.0 million in cash and cash equivalents, while total debt came to $3.6 billion. The board also announced a second-quarter dividend of $0.26 per share. New potential locations remain under evaluation, though no announcement is expected imminently. Board member Lorenzo Fertitta said Red Rock is still working through plans for future projects. “We are developing two new greenfield projects, moving through the required processes, and finalizing the plans, scale, and pricing,” Fertitta said. “We are making steady progress, and we have no updates to announce now or in the very near future. As we head into next year, we will have clearer visibility into what the final development plans will look like.” 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) -   Missouri legislators are considering a bill on gambling taxes that proposes increasing casino fees, introducing new charges for remote betting, and generating additional income from sports betting revenues. Good to Know HB 3533 proposes increasing the casino admission fee from $2 to $5.50. The legislation would impose a 13% tax on gambling revenues and a 24% tax on sports betting receipts. Casino operators claim the proposal could result in losses exceeding $500 million for the industry. Operators Warn Missouri Could Lose Ground Sponsored by Rep. Jeff Knight, R-Lebanon, House Bill 3533 focuses on Missouri's 13 casinos and sports betting platforms. The discussion occurs as legislators explore fee-based revenue sources and debate how the state might substitute income tax revenue. Casino operators currently cover a $2 admission fee per customer. The bill would increase that fee to $5.50, charge it every two hours, and link future hikes to inflation. Rep. Barry Hovis, R-Whitewater, noted that adjusting the original 1994 fee for inflation would set it at $4.31 currently. “(The casinos) are still getting extra money out of it, but we as a state haven’t seen as much, so would they be opposed to matching CPI?” Hovis asked. “We’re looking to get rid of the income tax and shift to a fee-based structure. How do we make up (for) those differences when they start looking at making sure that we’re keeping up our fees?”The legislation also introduces a 1.5% “remote wagering access fee.” The initial $35 million collected from this fee would be allocated to the Department of Natural Resources Historic Preservation Revolving Fund. An additional $15 million from the gaming commission fund would also be directed to that fund. Rep. Tim Taylor, R-Bunceton, supported the bill, citing established gambling revenue sources that he believes have failed to meet state demands. “Revenue from lottery and from casinos has all been down, I think maybe currently it’s up slightly, but it’s been woefully inadequate,” Taylor said in support of the bill. “This is the original fee from way back when, so we haven’t addressed it in a long time.” The casino industry expressed strong opposition. Mike Winter, a lobbyist for the Missouri Gaming Association, stated the bill could cost the casinos he represents over $500 million. He also mentioned that casinos are already facing revenue competition from slot machines in convenience stores and gas stations. Winter linked his caution to market stability, beyond just the financial impact. “We came into Missouri when we built our facilities looking for a stable gambling market, and I think that’s what we’ve got,” Winter said. “But when you have bills like this … there may be more favorable markets out there than what this bill would allow Missouri to be.”Sports betting presents a further challenge. HB 3533 would implement an additional 24% tax on sports betting receipts, plus a 13% tax on gambling revenues. Winter raised doubts about whether legislators can alter sports betting taxes via a standard bill, as voters approved sports wagering through a constitutional amendment. Committee chair Rep. Jeff Myers, R-Warrenton, indicated that lawmakers would address that concern separately. Chance Hepola, director of government affairs for the Missouri Chamber of Commerce and Industry, also spoke against HB 3533. “From our perspective, we just want to be careful about raising some of those fees and taxes on specific industries,” Hepola said. 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 appears to be setting its sights well beyond its traditional game stores. A report from The Wall Street Journal indicates that CEO Ryan Cohen is reportedly considering a bid for eBay, as part of a broader strategy to transform the retailer into a significantly larger enterprise. Key Figures GameStop's net sales reached $3.6 billion in 2025. eBay generated $11.1 billion in revenue last year. GameStop closed over 400 U.S. stores earlier this year. Cohen's Vision Extends Beyond Traditional Retail While GameStop still maintains a presence in malls, its conventional retail model continues to contract. Physical game stores are becoming increasingly scarce, and the company has dedicated years to cost-cutting, profit restoration, and maintaining relevance. Now, according to The Wall Street Journal, Cohen may be considering eBay. The report, citing individuals familiar with the situation, stated that GameStop is preparing the next phase of a comprehensive plan that could involve an offer for the online marketplace. The significant difference in size makes this concept unusual. eBay's market value is more than four times that of GameStop, and it reported $11.1 billion in revenue last year. In contrast, GameStop recorded $3.6 billion in 2025 net sales, a decline from the previous year.However, GameStop did achieve a return to operating profit. The company posted $232.1 million in operating income after years of losses, providing Cohen with more leverage to propose an ambitious plan. The reported interest in eBay also aligns with comments Cohen made to the Journal earlier in the year. He stated his intention to acquire a large company in a venture that would be “either going to be genius or totally, totally foolish.” Investors reacted swiftly to the report, with shares of both GameStop and eBay rising after its publication. Nevertheless, the precise path remains undefined. The report did not specify the nature of GameStop's potential offer, how Cohen would finance it, or how eBay would integrate with the game retailer. GameStop has also recently drawn attention for less serious public-facing initiatives, including “Trade Anything Day” and political memes on X that garnered criticism. 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) -   XO Market has secured $6 million in seed funding to develop its prediction market platform, which empowers users to create tradable events rather than relying on internal listing teams. Key Highlights XO Market has facilitated over $150 million in trading volume since its mainnet beta launch. The seed round included investments from Coinbase Ventures, 20VC, Picus Capital, and Venture Together. XO reports that users have established more than 600 markets on the platform. XO Market Empowers Users to Build Prediction Markets XO Market aims to differentiate itself in the prediction market sector, currently dominated by players like Kalshi and Polymarket, by adopting a distinct approach. Instead of having staff select which contracts are available, XO enables individuals and companies to create their own markets, set fees, define parameters, and allow others to trade on them. Co-founder Ali Habbabeh drew a media analogy to explain this difference. He stated in an interview with CoinDesk, "Today’s major platforms like Kalshi and Polymarket act more like Netflix. They decide what markets exist. We’ve flipped that model entirely. On XO, users create the markets themselves." The seed funding round saw participation from Coinbase Ventures, 20VC, Picus Capital, and Venture Together. Australian cricket captain Pat Cummins also joined as an angel investor. $6M seed round just closed, led by @HarryStebbings at @20vcFund and @picuscap, alongside @cbventures, and others, plus 30+ angels including @patcummins30. Read the full details from our CEO ↓ https://t.co/MisFDF2xOv — XO Market (@xomarket) April 30, 2026 XO describes itself as the "YouTube of prediction markets," a comparison that aligns with its user-generated content model. The platform commenced testnet operations in April 2025 and launched its mainnet beta in mid-November. Since then, it has attracted over 30,000 users, facilitated the creation of more than 600 markets, and processed over $150 million in trading volume. Habbabeh explained that market quality naturally emerges through user engagement. "The metrics look strong because the incentives are aligned," he said. "If you create a compelling market, people trade on it. If you don’t, it dies naturally." The current market conditions are favorable, as prediction market volume surged to over $60 billion in 2025, a significant increase from approximately $15 billion to $16 billion the previous year. Polymarket was a key driver of this growth, with its monthly trading volume escalating from $54 million at the beginning of 2024 to over $2.6 billion by November. However, XO faces the challenge of ensuring liquidity for user-created markets. Other platforms that allow open market creation have struggled to maintain sufficient trading activity across a wide range of events. Larger competitors often avoid this model due to the potential strain on infrastructure required to support liquidity across numerous events. To address this, XO is introducing XO Vaults. This feature will enable users to pool capital and provide liquidity in specific categories like sports or politics, aiming for targeted annual yields of approximately 8% to 10%. "On platforms like Kalshi or Polymarket, liquidity is controlled by a handful of large market makers," Habbabeh noted. "With XO Vaults, anyone can become a market maker."He likened the structure to copy trading, but applied to liquidity provision. "It’s similar to copy trading, but for liquidity provision," Habbabeh stated. "We’re targeting yields of around 8% to 10% annually based on what market makers typically earn." XO is also developing "XO Stories," a product designed for more intricate market structures with multiple outcomes, extending beyond standard parlay-style formats. "It’s not your typical copy-paste of sportsbook parlays into prediction markets," Habbabeh commented. Regulatory scrutiny remains a significant concern for prediction market operators, particularly as governments and state regulators increase their focus on event contracts. XO contends that its on-chain architecture positions it differently from centralized platforms. "Everything on XO is transparent and onchain," Habbabeh emphasized. "That puts us in a different category compared to more centralized platforms." "The internet demonstrated that the most compelling content originates from users, not centralized studios," Habbabeh concluded. "We believe prediction markets will follow the same trajectory." 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) -   Brazil is preparing new regulations for fixed-odds betting that are linked to debt renegotiation. The Ministry of Finance intends to prevent individuals who participate in programs such as Desenrola 2.0 from opening betting accounts for a period of six months. Good to Know Desenrola 2.0 is anticipated to launch on May 1, Labor Day. Users undergoing debt renegotiation would be placed on the restricted gambling registry for six months. Operators might be given as little as 15 days to update their registration verification systems. Debt Relief Plan Incorporates Betting Controls Finance Minister Dario Durigan announced on Monday that discussions with banks had concluded, and the Desenrola 2.0 proposal would be presented to President Luiz Inácio Lula da Silva on Tuesday. The program aims to assist debtors and creditors in reaching agreements, while simultaneously reducing the number of families whose income is consumed by debt payments. However, the government also seeks to prevent newly renegotiated debt from quickly turning into fresh betting losses. Durigan stated:“We are examining methods to incentivize clients who participate in Desenrola. It serves no purpose to resolve a debt if, shortly thereafter, the individual incurs new debt with betting firms,” Under the plan, individuals who enroll in debt renegotiation programs, including Desenrola 2.0, would automatically be added to the restricted gambling registry. For a duration of six months, fixed-odds betting platforms and applications would be prohibited from registering them. Following this period, they would be eligible to reapply. The Ministry of Finance's Prize and Betting Secretariat, known as SPA, held discussions with representatives from industry associations on Monday regarding the restricted users module. This module currently manages access to licensed betting platforms, and Desenrola 2.0 would incorporate additional checks against a “List of Debtors.” A designated financial institution would centralize the debt information and transmit it to the SPA query API. While operators already utilize this API, they would be required to modify their disqualification system to accommodate a new code associated with debt renegotiation participants.Official regulatory text is expected to be released subsequent to the Desenrola 2.0 announcement. The government intends to modify SPA/MF Ordinance No. 1.231/24 and introduce a new regulatory instruction drawing from SPA/MF Regulatory Instructions No. 22 and No. 31. The timeframe for operators appears limited. Authorities might grant companies fewer than 30 days, with initial indications suggesting as little as 15 days, to update their systems. Brazil additionally intends to eliminate credit-related vulnerabilities in betting transactions. The SPA is anticipated to clarify that SPA/MF Ordinance No. 615/24 encompasses PIX credit, PIX installments, and any mechanism that directly or indirectly enables bank credit to finance fixed-odds betting. A separate set of regulations will introduce a Financial Self-Test on betting platforms. The SPA collaborated with FEBRABAN to develop this tool, basing it on the Financial Health Index and tailoring it for the betting sector. This test will categorize users by score and be integrated into operators' digital platforms. Its implementation is projected for the first half of 2026. Subsequent amendments to SPA/MF Ordinance No. 1.231/24 could also encompass educational initiatives, user communications, and social media engagements. 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) -   Take a trip back in time by revisiting the four most significant upsets in Kentucky Derby history as we look ahead to tomorrow’s “Run for the Roses” at Churchill Downs in Louisville. A quick note: Our picks are focused on racing’s modern era, so you can view each race right here on YouTube. For reference, Donerail remains the largest upset winner—this 91-1 longshot took first place in 1913. 1913 — Donerail upsets the Kentucky Derby field with 91-1 odds. He still stands as our biggest long-shot victory, paying $184.90 on just a $2 win bet.#tbt pic.twitter.com/RpnNTn6Yur— Kentucky Derby (@KentuckyDerby) January 10, 2019 Most Notable Kentucky Derby Upsets We start our list with the most recent major upset in the Kentucky Derby. 2022 Rich Strike (80-1) This upset sent ripples of surprise throughout the horse racing world. Rich Strike was an also-eligible horse and wasn’t originally scheduled to compete. He got his spot only after Ethereal Road was pulled from the race the day prior, and owner Richard Dawson just made the entry deadline in time. Jockey Sonny Leon guided Rich Strike to a win over top contenders Epicenter and Zandon in the final stretch. A $2 win wager on Rich Strike resulted in a $163.60 payout. 2019 Country House (65-1) Country House was declared the winner of the 2019 Kentucky Derby after Maximum Security was disqualified due to interference. Stewards took over 20 minutes to make their ruling. This disqualification (DQ) marked the first Derby win for jockey Flavien Prat and Hall of Fame trainer Bill Mott. Maximum Security was demoted from first to 17th place, finishing behind Long Range Toddy. The teams behind Long Range Teddy and Country House both submitted interference claims. Country House’s upset victory paid out $132.40 for a win bet. 2009 Mine That Bird (50-1) Jockey Calvin Borel rode Mine That Bird from the back of the pack to first place in an impressive showing for owner Bennie Woolley Jr., who was competing in the Kentucky Derby for the first time. Mine That Bird was the sole gelding in the 19-horse field. The unexpected Derby champion later finished second in the Preakness Stakes and third in the Belmont Stakes— the other two races that make up the Triple Crown. A $2 win bet on Mine That Bird yielded $103.20. Back then, this was the highest payout since Donerail’s win in 1913. 2005 Giacomo (50-1) Giacomo was owned and raised by legendary record producer Jerry Moss. Named for singer Sting’s son, Giacomo pulled off a huge upset against the 20-horse field. Jockey “Money Mike” Smith rode Giacomo to victory, earning trainer John Shirreffs his first and only Kentucky Derby win. This was also Smith’s first Derby triumph, though he later won again with Triple Crown winner Justify in 2018. Since Closing Argument finished second with 71-1 odds, this “Run for the Roses” set an exacta payout record of $9,814.80 that still holds true today. Giacomo’s win resulted in a $102.60 payout for a win bet. 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) -   Evoke published its full-year 2025 financial results on Thursday. The gambling group notched a 2% rise in revenue, but impairment charges tied to tax increases in the UK led to heavy losses and higher debt levels ahead of the group’s potential sale. The company that owns betting brands William Hill and 888 generated total revenue of £1.78 billion ($2.42 billion). Net debt, however, climbed to £1.86 billion ($2.53 billion), up from the 2024 level of £1.79 billion. A total loss of £549.1 million ($747 million) drove the increase in overall debt. The losses are overwhelmingly caused by £440.3 million ($599 million) in non-cash impairment charges stemming from the UK’s tax hikes. The potential takeover of Evoke by Bally’s was not referenced at all during the company’s earnings call. Instead, CEO Per Widerström said the group remains “firmly focused on delivering profitable growth, cash generation and strengthening the balance sheet.” Tax Impact Has Not Yet Affected Revenue While the losses are primarily driven by expectations that tax increases will lower the company’s future value, CFO Sean Wilkins said the group has not yet experienced any impact from the tax hike. Wilkins stated he believes the company can withstand the negative impact of the tax hikes, which have lifted the levy on online casinos from 21% to 40%. “We expect to see market consolidation, and we think that smaller late-tier players will get hit disproportionately hard by the rollout of the new tax, and that will allow us to grow our market share,” Wilkins said. The release of Evoke’s results was delayed amid ongoing speculation about the group’s sale, and Widerström admitted that “the significant UK duty increases announced in November represented a fundamental shift in the economics of our largest market and will have a substantial impact across the regulated industry.” Black Market Already Benefiting From Changes, Evoke Claims While Evoke argues the tax increase could benefit the company relative to smaller operators, it also confirmed it is already seeing growing black-market penetration in its core market. Online revenue in the UK and Ireland fell 3%, pulled down by a 12% drop in betting revenue. Evoke blamed the decline in betting revenue on horse racing bettors shifting to unregulated black market sites. Taxes on horse racing betting have not been increased. Even so, Widerström warned that broader tax increases will push more users to unregulated platforms. “The UK’s tax changes will drive more consumers towards illegal and untaxed operators that provide none of the customer protections of the regulated sector,” he stated. “We will continue to engage constructively with policymakers and regulators, but we strongly believe there must now be far greater urgency from the UK Government and the industry regulator in addressing the growth of the black market.” The UK is taking steps to crack down on illegal gambling and has announced it will ban sports teams from partnering with unlicensed operators. Currently, several English Premier League (EPL) teams are sponsored by companies that are restricted in the UK, such as Stake, which sponsors Everton FC. Company Faces Legal Action From Dissatisfied Users While Evoke claims the black market does not offer consumers the same protections as its regulated platform, the company is being sued by users angry over how it handled a glitch on its online casino platforms. Thousands of users were allegedly credited with large jackpot wins before being notified that those wins were invalid. In Alberta, where 888 operates under an offshore license, one user believed he had won more than CA $1 million. In addition to the disappointment of not receiving the funds, he said 888 staff lied to and misled him. He has vowed to pursue legal action and is joining a group claim brought against the company by law firm Ellis and Jones . Internationally, Evoke grew revenue by 9%, driven largely by strong expansion in Italy and Denmark. Widerström said the performance shows early signs that Evoke can diversify its business and cut its reliance on the UK market. 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) -   Rapper Nelly has reached an agreement to pay a $750 fine so that assault charges from a Missouri casino incident last year can be dismissed. A security guard at the Ameristar Casino in St. Louis alleged that Nelly pushed him after being asked for his player’s card. Nelly was hit with a misdemeanor assault charge in September 2025, though the artist denied the claims. Instead, he will pay the $750 fine for a misdemeanor littering charge involving trash he discarded at the casino. Incident Recorded on CCTV A spokesperson for Nelly, whose real name is Cornell Iral Haynes Jr., said the rapper was “stunned to receive a summons” regarding the event, claiming an “overzealous guard blocked his path and invaded his space.” “Nelly guided him aside with minimal contact and no harm,” the singer’s rep stated. “Management later apologized and welcomed Nelly back [to the casino].” Footage released by TMZ shows Nelly trying to enter a casino area only to be stopped by a guard. The rapper seems to push the guard slightly before moving through the barriers. EXCLUSIVE: Rapper Nelly is no longer facing an assault charge over a tiff with a Missouri casino security guard … TMZ has learned. pic.twitter.com/yW3XMKLeHT— TMZ (@TMZ) April 30, 2026 Nelly a Target for ‘Overzealous’ Casino Authorities Nelly was previously arrested at the Hollywood Casino and Hotel in St. Louis in 2024. His lawyer, Scott Rosenblum, similarly called the arrest the result of a clash with an “overzealous” officer. Rosenblum noted that Nelly had won several jackpots while gambling. When he went to collect the money, the officer supervising the payout “needlessly” checked for outstanding warrants. Nelly had been found driving without proper insurance, leading a judge to issue a warrant in December 2023. Once the warrant was found, the officer handcuffed Nelly and “felt compelled” to “parade him through the casino in front of other customers”, Rosenblum stated. The officer also claimed to have discovered four ecstasy pills while searching the rapper, though those charges were also dropped later. “We don’t believe the facts in this case warrant the issuing of charges,” a spokesperson said in a statement to the LA Times. Missouri Gambling Under Scrutiny Nelly is reportedly a frequent patron of Missouri casinos. Gambling in the state is currently under scrutiny, with an Indian national admitting to operating six illegal gambling arcades. Like Nelly, Rahulkumar D. Patel accepted a plea bargain. Patel pleaded guilty to conspiracy to commit wire fraud, conspiracy to run an illegal gambling business, and conspiracy to commit money laundering. The illegal operation made over $7.5 million in proceeds from slot machines at arcades mostly located in Springfield. Patel faces much harsher penalties than Nelly, as the charges carry maximum prison terms of 20, five, and 20 years, respectively. 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 China recorded net revenues of HK $8.8 billion (around $1.15 billion) in the first quarter of this year, representing a 10% increase compared to the same period last year. Over the same timeframe, VIP spending declined, according to Macau Shimbun—a Japanese-language newspaper based in Macao. The group’s VIP hold rate dropped by one percentage point to 2.5%. In the casino sector, hold rates denote the percentage of wins from high-spending VIP patrons. Additionally, the group’s broader VIP market decreased by 5.2% during the same period. MGM China is among just six entities that have received casino management concessions from the Macao government. The company runs two integrated resorts in Macao—one located on the Macao Peninsula and the other in the Cotai District. An integrated casino-resort of MGM Cotai in Macao. (Image: Sunnysunnyasd [CC BY-SA 4.0]) MGM’s Mass Gaming Revenues Reach New High Average daily casino revenue increased by 13%, while mass gaming revenues (including slot machines) jumped by 19%—setting a new all-time high. Hotel occupancy rates edged up slightly to 93.9%, and the firm stated that its financial position remains “stable.” As of March 31, 2026, the company had total liquidity of HK $25 billion (approximately $3.3 billion). Macao’s casinos may face impacts from mixed developments in the tourism industry. According to TDM, a Macao-based media outlet, data from the Statistics and Census Service for Q1 shows that the number of Mainland Chinese tour groups visiting Macao fell by 20% year-over-year to 385,000. Conversely, the number of international tour groups rose by more than 16% to 65,000. Average hotel room occupancy rates climbed by 2% to 92%, and the number of Mainland Chinese guests remained consistent. However, the number of international guests surged—with a 60% rise from Thailand and a 51% increase from India. Golden Week Set to Provide a Boost Tourism experts indicated that a short-term uptick is on the horizon. In a separate report, the same media outlet noted that the Macao Tourism Bureau anticipates 800,000 tourists to visit during the May Golden Week. In China, May 1 is Labor Day, and this year it is part of a five-day holiday running until May 5. This aligns with Japan’s Golden Week public holidays, which extend until May 6 this year. Maria Helena de Senna Fernandes, Director of the Macao Tourism Bureau, stated that the bureau expects approximately 160,000 visitors per day during Golden Week. She forecasted that a total of 800,000 visitors will come during the full holiday period. Last week, hotel occupancy rates exceeded 80%, she noted, and the bureau expects these rates to hit 90% in early May. The interior of an MGM China resort in Macao. (Image: Jerry Lai [CC BY-SA 2.0]) Gambling-Related Crime Concerns In February, Macao’s casinos recorded a 4.5% revenue increase, surpassing analysts’ forecasts by 3.5% and pushing gross gaming revenues over the $2.5 billion threshold. Nevertheless, police in the Chinese special administrative region have raised concerns about an increase in gambling-related offenses. In March, police detained a Mainland Chinese man at a border checkpoint, accusing him of pretending to be a gambling expert who offered to teach his skills to a female client. When the pair met in Macao, the self-proclaimed guru asked the woman for a loan, which he then lost in two casino visits before trying to leave via the border. De Senna Fernandes mentioned that police have intensified their surveillance of the sector ahead of Golden Week. During the holiday, she added, officers have expanded the frequency and scope of patrols at border crossings and key tourist spots. As of Sunday, April 26, 2026, Macao police have carried out 523 inspections at border crossings and tourist attractions. Officers reported arresting at least three individuals suspected of being illegal tour guides. De Senna Fernandes also noted that police have launched more than 100 interdepartmental investigations as part of a crackdown on unlicensed hotels. 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) -   South Korean casino operator Kangwon Land posted a nearly 47% year-over-year decline in quarterly net profit, even as its overall revenue saw an uptick. The company, which runs the High1 casino-resort in Gangwon Province, also reported a 7.2% year-over-year drop in operating profits for the first quarter of 2026, per South Korean media outlet Digital Today. Casino revenue saw growth, but mounting costs and declining non-casino revenue weighed on overall expansion. In its preliminary first-quarter financial report, the company also noted a 3.4% rise in revenue when compared to Q1 2025. The company disclosed first-quarter operating profits of 68.9 billion won ($46.6 million) and total revenue of 378.9 billion won, equivalent to over $256 million. Casino revenue for the quarter reached 360 billion won ($244 million), marking a 4.5% increase compared to the same period one year prior. The firm stated that a recent lift to betting limits on its baccarat tables helped drive this growth, and also cited a series of service and system upgrades as key factors behind the casino revenue increase. Conversely, non-casino sales revenue fell 2% to 48.6 billion won ($32.9 million). Kangwon Land: Rising Operational Costs Mounting overhead expenses weighed on growth. Kangwon Land’s operating costs for the first quarter totaled 310 billion won (nearly $210 million), a 6.2% increase from the same period a year earlier. High1 is the sole South Korean casino that allows holders of domestic passports to enter, giving it an effective monopoly in the nation’s casino gambling sector. Dozens of other casinos, mostly situated in Seoul and Jeju Island, are only permitted to admit visitors holding foreign passports. Other South Korean casino operators have released similarly underwhelming financial results in recent weeks, yet investors have mostly remained supportive of these firms in the stock market. Kangwon Land’s stock prices have climbed more than 2.4% over the last five trading days. Kangwon Land stock prices on the Korea Exchange. (Image source: Google Finance) Competitor Grand Korea Leisure has seen comparable growth. This state-owned company, which runs the Seven Luck casino brand, recently announced plans to host a traditional ceramics exhibition at its Seoul Gangnam casino location. The exhibition will showcase creations by master ceramists from Yeoju, Gyeonggi Province, and will run through June 30. Yeoju is widely regarded as the unofficial capital of South Korea’s traditional ceramics industry, and is home to many of the nation’s most renowned craft studios. Last month, a member of the National Assembly disclosed that, according to estimates from the Korea Gambling Control Commission, the country’s illegal gambling networks are now valued at approximately 96 trillion won ($65 billion). The National Police Agency also reported that the number of illegal underage gambling cases increased by 62% in the previous year. 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) -   Player associations for the NFL, MLB, NBA, MLS, and NHL have called on the Commodity Futures Trading Commission (CFTC) to ban certain prediction markets. Specifically, the unions want the CFTC to block contracts tied to a “negative” outcome or any contract that can be manipulated by a single individual. “This would include contracts based on what are known as ‘under bets’ or on whether an athlete isinjured or given a penalty,” the unions wrote in an official comment submitted to the CFTC. “It would also include ‘mention contracts’, which depend on whether specific words orphrases, such as ‘concussion,’ are spoken during live event broadcasts (this is just another way ofbetting on a negative outcome).” The unions argue that these types of markets expose athletes to abuse and harassment, and also put the integrity of professional sports at risk. Shielding Players From Abuse “Keeping our athletes and their families safe and secure is the top priority for ourorganizations,” the player unions said in their joint statement. The comment cited a New York Times article that found legalized sports betting has increased how often players receive abusive and threatening messages from unhappy bettors. One survey found that 78% of professional baseball players said legal sports betting has changed the way fans treat them or their teammates. For example, MLB players Lance McCullers Jr. (pictured above) and Liam Hendriks reported getting death threats last year. Multiple NBA players have also spoken out against the regular abuse they get from angry bettors. “The worst things you’re thinking of right now are actually worse than that,” said New York Knicks point guard Jalen Brunson. Banning prop bets at prediction markets would help cut down on abuse, the player unions claim. People upset about losing money “do not tell the difference between state-regulated wagers and contracts offered on prediction markets. From their point of view, a bet is a bet no matter where it is placed.” Safeguarding the Integrity of Sports In addition to reducing abuse against athletes, the unions claim that limiting prop bets will protect the integrity of sports. Last year saw multiple betting scandals across the NBA, MLS, and MLB, where players were accused of manipulating their performances for betting gains. If the CFTC does not restrict the range of sports prediction markets offered on platforms like Kalshi and Polymarket, it will give “more room to those looking to manipulate sporting events,” the unions stated. CFTC Receives a Flood of Comments The CFTC opened a public comment period last month, asking for input on which contracts should be banned as “contrary to public interest.” The comment period has now closed after attracting more than 1,500 submissions. Along with the player unions, the NBA also asked the CFTC to limit the types of markets that can be offered. It said player prop markets “should be prohibited in the near term, while appropriate, sensible restrictions are developed to reduce risks to integrity.” Additionally, it asked the CFTC to consult with sports leagues before allowing companies to self-certify new markets. Representatives from the PGA Tour, ATP Tour, and MLB also submitted comments, similarly asking the agency to closely monitor markets that could be vulnerable to manipulation. The PGA Tour and NBA also asked the CFTC to raise the minimum age for using sports prediction markets to 21, matching the legal sports betting age in most U.S. states. The CFTC will now review all submitted comments, and Chairman Michael Selig has promised that the agency will create clear standards for prediction markets. 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) -   Robert Kiyosaki has reiterated his warning that a significant market downturn may occur in 2026 or 2027, advising that investors who are ready should focus on acquiring solid assets at discounted prices rather than panicking. Good to Know Kiyosaki says a “giant crash” could arrive in 2026 or 2027. He has repeatedly named Bitcoin, gold and silver as assets he prefers over fiat money. His latest warning frames falling markets as a chance for prepared investors, not a reason to freeze. Kiyosaki Sees A Crash As A Buying Window According to Robert Kiyosaki, author of "Rich Dad Poor Dad," the next economic downturn could be so serious that it mirrors a depression. In an April post on X, he informed his followers that his intention is to leverage a potential 2026-2027 crash to purchase assets at reduced costs instead of retreating. He wrote: “In coming giant crash of 2026-27… I plan on growing richer not poorer. I wish the same for you.” Kiyosaki connected this perspective to previous market collapses, noting that his wealth increased during the crashes of 1987, 2000, 2008, 2015, 2019, and 2022. His argument was not that crashes are comfortable, but that declining prices offer investors with available cash an opportunity to buy desired assets at more affordable levels.He also wrote: “In a crash, recession, and depression, great assets go on sale. Get richer by purchasing assets on sale.” This concept requires some caution for those new to Bitcoin. While a declining market can offer lower entry points, prices may also continue to fall for an extended period. No forecast should be considered a certainty, regardless of the source's prominence in finance. Much of Kiyosaki's recent analysis is centered on his concept of an “Everything Bubble.” He contends that high levels of debt, lenient monetary policies, and diminishing confidence in fiat currencies have made stocks, real estate, pensions, and government-supported systems vulnerable. He cautioned just six months ago that this “Everything Bubble” might burst imminently. This rationale clarifies his frequent endorsement of Bitcoin, gold, and silver. Bitcoin differs from corporate stocks or real estate due to its predetermined supply limit and its independence from a central bank for issuance. In Kiyosaki's view, this positions it as a long-term safeguard against currency devaluation and over-leveraged financial systems.However, Bitcoin remains a volatile asset. A market crash can depress Bitcoin's value along with other risky investments, particularly when investors are liquidating holdings for cash. Therefore, a measured strategy is preferable to a reactive one. Investors with conviction in Bitcoin typically employ tactics like making smaller, consistent purchases, maintaining cash reserves, and refraining from using borrowed funds to invest during price declines. Kiyosaki's point that lower prices can benefit prepared investors may be valid. However, the more prudent lesson is straightforward: establish a plan before market conditions deteriorate, understand your reasons for holding an asset, and never base a Bitcoin investment strategy solely on fear. 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) -   Swedish gambling operators will be subject to more stringent technical regulations for Spelpaus starting August 1, 2026, following Spelinspektionen’s approval of new self-exclusion check standards. Good to Know Spelinspektionen approved the new rules on April 23 and published them on April 29. Licensed operators must utilize unique Actor ID and API Key credentials. Operators remain accountable for compliance, even when third-party vendors handle checks. Updated API Regulations Define Clearer Spelpaus Responsibilities Sweden is tightening controls on how gambling operators connect to Spelpaus, the national self-exclusion register used across the regulated market. Under the new rules, every licence holder will receive a unique Actor ID and API Key. Operators must use these credentials whenever they verify if a player has self-excluded from gambling. The system will apply to registration, login, and direct marketing processes. Spelinspektionen has also separated technical pathways. Operators must use a login API for player registration and login checks, while direct marketing checks must go through a dedicated marketing API. A check is only considered complete once it clearly confirms whether the person is listed in the self-exclusion register.The rules also clarify one key point: the licence holder remains responsible. Operators can use third-party service providers for technical checks, but they cannot transfer compliance duties. The assigned Actor ID and API Key must stay in use at all times. Spelpaus became part of the Swedish gambling market after the 2019 regulatory reform. Licensed operators must block users who have self-excluded, with exclusion options of one month, three months, six months, 12 months, or longer. The register received updates in 2023, including easier access to gambling harm guidance and an option for players to extend their exclusion period. However, some integration details are still missing. The new regulations set the broader technical framework but do not yet include full API specifications, response formats, or service performance standards. Operators will need these details for final integration planning.Spelpaus also faced scrutiny last year after a documentary alleged a data breach. Spelinspektionen rejected the claim and stated the information remained encrypted. A spokesperson said at the time: “There is no information about whether the self-excluded person is addicted to gambling or not.” 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) -   Rush Street Interactive kicked off 2026 with record-breaking revenue, adjusted EBITDA, and net income, then raised its full-year forecast following robust growth across online casino markets. Key Highlights Rush Street Interactive’s revenue increased 41% to $370.4 million in Q1. Adjusted EBITDA jumped 81% to an all-time high of $60.2 million. RSI upwardly revised its 2026 revenue guidance to a range of $1.49 billion to $1.54 billion. RSI’s Q1 Results Surpass Expectations, Fueled By Casino Growth Rush Street Interactive delivered a stronger-than-anticipated first quarter to investors, with revenue beating Wall Street forecasts by $39.57 million. Earnings per share hit 14 cents, two cents above analyst estimates. The Chicago-based online casino and sports betting operator also reported a record net income of $26.2 million, marking a 134% rise from $11.2 million in the prior year’s quarter. The market reacted swiftly, with RSI shares climbing nearly 20% in after-hours trading. Before this surge, the stock had already gained 96.08% over the previous 12 months. Player growth was a major driver of the quarter’s success. Monthly active users (MAUs) reached approximately 839,000, up 51% year over year. North America recorded around 296,000 MAUs, a 46% increase, supported by 62% growth in online casino markets. Latin America—including Mexico—saw roughly 543,000 MAUs, a 54% jump.Average revenue per monthly active user (ARPU) underscored regional differences. RSI generated $317 per MAU in the U.S. and Canada, compared to $54 per MAU in Latin America. Adjusted sales and marketing costs totaled $46.2 million, accounting for 12.5% of revenue. Richard Schwartz, Chief Executive Officer of RSI, said: “We are pleased to report another strong quarter of results, setting new records once again for revenue, net income and adjusted EBITDA.” He also highlighted faster player growth and record first-time depositors during the quarter, stating:“The continued acceleration we’ve seen in revenue and player growth is particularly exciting. “In our North American online casino markets, MAUs grew an impressive 62%, surpassing the 51% growth we achieved in the fourth quarter of 2025.” RSI now projects full-year 2026 revenue between $1.49 billion and $1.54 billion, equivalent to 31% to 36% year-over-year growth. Adjusted EBITDA guidance was also raised to $230 million to $250 million, implying growth of 50% to 63%. The updated guidance includes only markets where RSI currently operates, plus the expected July 2026 launch of iGaming in Alberta, Canada. It also assumes consistent tax structures in existing markets, including Colombia’s temporary emergency 16% tax decree. Schwartz noted that RSI maintained disciplined marketing spending while enhancing user acquisition, retention, and the player experience. This balance allowed the company to grow its user base without letting promotional costs get out of hand. 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) -   Robinhood announced an increase in both first-quarter profit and revenue; however, the trading platform failed to meet Wall Street's earnings forecasts, resulting in a roughly 6% decline in its stock during after-hours trading. Key Highlights Robinhood's net income increased by 3% to $346 million, equating to 38 cents per share. Revenue grew by 15% to $1.07 billion, bolstered by prediction markets and subscription services. The number of traded event contracts reached a quarterly record of 8.8 billion. Prediction Markets Offset Weakness in Crypto Trading During the first quarter, Robinhood experienced growth in its user base and platform assets, alongside record activity in prediction markets, yet investors prioritized the company's failure to meet earnings targets. The company recorded a net income of $346 million, an increase from the previous year's $336 million. Earnings per share came in at 38 cents, slightly missing the 39 cents anticipated by analysts. Following the announcement, shares fell in late trading by approximately 6%.The revenue figures painted a more positive picture. Overall revenue surged 15% to $1.07 billion, and revenue from transactions increased 7% year-over-year to $623 million. Conversely, transaction-based revenue saw a 20% dip from the prior quarter, with cryptocurrency acting as a hindrance. As prices for digital assets softened, crypto trading revenue plummeted 47% to $134 million. Some of this pressure was alleviated by prediction markets. The trading of event contracts reached a record 8.8 billion for the quarter, providing Robinhood with an additional growth avenue distinct from stocks, options, and crypto. Additionally, the firm is expanding into areas such as credit cards, banking, and access to venture capital. Subscriptions provided a further boost. Revenue from Robinhood Gold jumped 32%, while the subscriber count for Gold rose 36% to 4.3 million. Other revenue streams grew by 57% to $85 million, primarily driven by subscriptions. Furthermore, net interest revenue climbed 24% to $359 million. Operating expenses increased by 18% to $656 million, largely due to elevated spending on marketing and growth initiatives. Despite this, adjusted EBITDA grew by 14% to $534 million.Metrics for users also showed improvement. The number of funded customers increased by 6% to 27.4 million, investment accounts grew by 8% to 29.1 million, and total assets on the platform soared 39% to $307 billion. Net deposits for the quarter totaled $17.7 billion, and average revenue per user rose 8% to $157. Chief Financial Officer Shiv Verma stated that the diversification of the business has reduced Robinhood's vulnerability to specific product cycles. He remarked: “It’s a much more durable business relative to 2022.” Nevertheless, demand for prediction markets has displayed inconsistency. Following the conclusion of the football season, volumes dropped by 29% month-over-month. Meanwhile, analysts have expressed concerns regarding diminished retail trading activity amidst macroeconomic uncertainty. Chief Executive Officer Vlad Tenev noted that Robinhood continues to develop its broader role in personal finance. He commented: “Driven by our relentless product velocity and innovation, Robinhood is increasingly positioned at the center of our customers’ financial lives, just as we enter the early innings of the Great Wealth Transfer.” Verma further added: “In Q1, customers remained engaged and rapidly adopted new products, leading to a 20 percent-plus annualized net deposit growth rate, double digit growth across equities and options, and record volumes for prediction markets, futures, and index options.” He also stated: “And Q2 is off to a good start in April, as equity and option trading volumes are on track to be the highest month of the year, and even with tax season, net deposits are approximately $5 billion month-to-date.”Robinhood has also updated its 2026 outlook for adjusted operating expenses, raising it to a range of $2.7 billion to $2.825 billion to fund investments in artificial intelligence, tokenization infrastructure, and new account offerings. 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) -   Evoke posted a far larger 2025 loss, as elevated UK gambling taxes and a sizeable impairment charge weighed on the firm that owns William Hill and 888. Good to Know Evoke recorded a £549.1 million pre-tax loss in 2025, an increase from the £220.9 million posted the prior year. Revenue climbed 2% to £1.78 billion, whilst EBITDA rose 43% to £301.3 million. The firm intends to shut down roughly 270 William Hill betting outlets. Evoke’s Financial Results Reveal the Pressures Driving Retail Store Cuts Evoke saw revenue growth in 2025, yet elevated UK duties and a £440.3 million impairment charge pushed the group further into the red. Pre-tax losses more than doubled to £549.1 million ($741 million), up from £220.9 million ($298 million) recorded in the previous year. The firm nonetheless noted stronger underlying trading performance. Total group revenue rose 2% to £1.78 billion, while EBITDA increased 43% to £301.3 million. Still, the UK and Ireland remained a struggling region, with revenue down 2% to £1.17 billion as both online and in-store sales softened. Chief Executive Officer Per Widerström stated that the November changes to UK betting duties shifted the market’s economic dynamics. He commented:“The substantial UK duty hikes announced in November marked a fundamental change in the economics of our biggest market, and will have a significant impact across the regulated gambling sector.” Finance Director Sean Wilkins noted that Evoke has thus far experienced minimal short-term disruption from the new rules: “In the first 30 days, honestly, we haven’t seen any impact. The company is satisfied with how the UK&I online business is performing.” Outside of the UK and Ireland, Evoke saw more positive performance. International revenue climbed 9.3% to £606.9 million, while EBITDA rose 49.2% to £175.4 million. Italy, Denmark and Romania contributed to this growth, though Romania has grown more challenging for regulated gambling operators.“Romania is experiencing robust black market growth following the tax hike, and as regulated operators, this is negatively impacting our business,” Wilkins stated. This financial pressure is now leading to a more streamlined retail strategy. As iGaming.org reported earlier in April, Evoke will shut down roughly 270 William Hill betting shops after reviewing underperforming locations. The closures are projected to result in hundreds of job losses, though Evoke has not confirmed a specific number. Widerström commented: “We conducted a highly detailed review of our retail store portfolio, and have identified 230 locations that we will close. We have over 1,000 excellent shops that deliver top-tier service and entertainment to our customers, and obviously, with this more efficient retail network, we have sufficiently enhanced long-term sustainability, cash flow and profitability.” This review is part of broader initiatives to cut costs, safeguard cash flow and tackle the roughly £1.9 billion in net debt the firm holds. Widerström stated: “We have taken decisive action to lessen the impact of these changes and preserve long-term shareholder value, including launching a strategic review and rolling out major operational changes across the entire business.”A potential change in ownership is still a possibility. As we reported last week, Evoke is in discussions regarding a potential takeover by Bally’s Intralot, in a deal that values the company at around £225.3 million. “Our priority for 2026 is firmly focused on cash generation and balance sheet strength,” Wilkins noted 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 U.S. Senate has implemented an immediate prohibition on prediction market activities for senators and their staff, following renewed concerns regarding trades linked to political events, military actions, and non-public government information. The measure was approved unanimously without a recorded vote. Key Details The Senate's ban extends to its members, staff, and officers. Senator Bernie Moreno initiated the resolution, which Senator Alex Padilla subsequently expanded to encompass staff. Both Kalshi and Polymarket have expressed support for the restriction. Washington Enhances Prediction Market Regulations Prediction markets are now subject to a new directive in Washington. Senators and their staff are no longer permitted to engage in trading on platforms that allow users to place wagers on real-world occurrences, ranging from election results to foreign policy developments. Senator Bernie Moreno championed this rule amid growing apprehension that officials might leverage sensitive information for personal financial benefit. He stated, “engaging in any way in a prediction market or trying to place bets where we might have inside information deteriorates our confidence that our constituents have in us.” The Senate's action was prompted by several reports concerning prediction markets that raised significant ethical questions. One notable instance involved a U.S. Army soldier accused of using classified information to profit from a market related to Venezuelan politics. Other reports highlighted rapid trading activity surrounding military and geopolitical events, including those connected to Iran.Kalshi itself has faced scrutiny over political betting within its platform. The company recently fined and suspended three congressional candidates after they placed trades on their own electoral races. Despite these issues, the two most prominent prediction market operators have endorsed the Senate's decision. Kalshi CEO Tarek Mansour described it as a “great step to increase trust in our markets by making it an industry standard.” Polymarket also voiced its support for the rule, commenting, “We’re in full support of this. Our Rulebook & Terms of Service already prohibit such conduct, but codifying this into law is a step forward for the industry.” The House of Representatives may soon follow suit. Representative Ashley Hinson has indicated her intention to introduce a similar resolution, and other lawmakers have also advocated for broader limitations on prediction market trading by government officials. 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) -   In March, Ontario's iGaming sector achieved a new milestone as licensed digital gambling platforms processed $9.59 billion in total bets across poker, sports wagering, and casino games. Key Highlights The total amount wagered on Ontario's online gambling platforms hit a record monthly peak of $9.59 billion. Revenue for operators reached $387 million, representing a 13% increase compared to February. Digital casino games accounted for 82% of the overall revenue generated by operators. Online Casino Activity Drives Growth in Ontario iGaming The majority of March's growth was fueled by Ontario's online casino sector. The iCasino handle increased by almost 26% year-over-year, producing $318.5 million in revenue. Consequently, casino offerings represented 82% of all operator income within the province's regulated iGaming landscape. Expansion continued across the broader market as well. The handle for March slightly exceeded the prior record of $9.52 billion set in January, with revenue climbing 30% compared to the previous year. While the $387 million in monthly revenue was 13% higher than February's figures, it did not surpass the $426 million peak recorded in December 2025. Comparatively, sports wagering showed less strength. Although Ontario sportsbooks saw $1.08 billion in bets during March—returning the segment to the billion-dollar mark—this figure was a 9% decrease from March 2025 and represented the lowest monthly total for sports betting since September. Poker experienced a stronger month, despite its relatively small market share. Peer-to-peer poker set records with $183 million in wagers and $6.9 million in revenue. Despite these highs, poker accounted for under 2% of the total iGaming volume in Ontario. The number of active accounts rose to 1.235 million, a 17% increase year-over-year. Nevertheless, March saw the fewest active accounts since September, a trend partially attributed to the closure of several platforms during that timeframe. During the first quarter of 2026, residents of Ontario bet $27.8 billion on authorized iGaming websites. Over this three-month period, operators brought in $1.13 billion in revenue. This ongoing expansion has maintained political focus on the advertising of gambling services. Bill 107, known as the Stop Harmful Gambling Advertising Act, seeks to modify the Gaming Control Act of 1992 to prohibit licensed operators and their affiliates from advertising gambling across all media channels. Proponents of the bill highlight public health statistics gathered since the market was regulated in 2022. Following the launch, inquiries to ConnexOntario—the provincial helpline for mental health and addiction—surged by 144%. Currently, approximately one-third of Canadians between the ages of 18 and 29 engage in online gambling, with one in four within that demographic reporting significant harm. Opponents suggest that a complete ban on advertising might make it difficult for consumers to distinguish between regulated platforms and illegal ones. The European Casino Association has cautioned that in certain jurisdictions with stringent advertising restrictions, unlicensed operators capture over 70% of the online gambling revenue. At present, the prospects for Bill 107 appear slim. While the Liberal Party introduced the legislation, they do not hold a majority in the provincial parliament. 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 Resorts announced an increase in first-quarter revenue, driven by strong performance in Macau and accelerated digital growth—though profits and adjusted EBITDAR declined across most of its operations. Key Highlights MGM Resorts’ Q1 net revenue rose 4% year-over-year to $4.5 billion. Net income decreased 16% to $125 million, while adjusted EBITDAR fell 9% to $580 million. MGM China’s revenue grew 9% to $1.1 billion, and digital revenue surged 43% to $183 million. Macau and Digital Segments Boost MGM’s Performance MGM Resorts saw revenue growth across all core segments in Q1, but only the digital division improved in terms of reducing its adjusted EBITDAR loss. The company reported $4.5 billion in net revenue, with adjusted EBITDAR dropping to $580 million and net income sliding to $125 million. Macau delivered one of MGM’s stronger results. MGM China’s revenue climbed 9% to $1.1 billion during the quarter, which included the Chinese New Year period. Table game winnings in Macau exceeded $1 billion—an 18% rise from the prior year—though adjusted EBITDAR still fell 4% to $273 million. Bill Hornbuckle, CEO of MGM Resorts, said: “It’s always difficult to say Macau is ‘stable’, but I feel good about it, I feel very good about our market position and what we’re doing and how we’re doing it.”He also noted that MGM remains “under-suited” in Macau and plans to expand hotel capacity there. The digital segment also made positive progress. Revenue from LeoVegas (not BetMGM) increased 43% to $183 million. The digital division’s adjusted EBITDAR loss narrowed from $34 million to $26 million. MGM expects this loss to continue shrinking, though tax and regulatory changes in Brazil may add extra costs. Gary Fritz, MGM Chief Commercial Officer and president of digital, said: “We’ve indicated in that past that we would see the loss this year for the digital segment halving relative to last year, we might see a little bit more investment this year than that, given some of the regulatory changes and tax changes in Brazil, but we’re definitely anticipating the loss to materially narrow…which then sets us up in 2027 for close to a break-even year, if not 100% getting there.” Las Vegas delivered a mixed performance for MGM. Revenue reached $2.2 billion—just $4 million above last year—while adjusted EBITDAR fell 8% to $749 million. Hotel revenue stayed nearly flat at $751 million, but casino revenue dropped 5%, table game winnings slipped 1%, and slot machine winnings also declined 1%.Hornbuckle said: “The market’s changed, the consumer has changed. Luckily for us we have a lot of luxury product and brands that can cater to that, and it’s going to continue.” He added: “Despite many headwinds, we have yet to see a slowdown. That doesn’t mean over the summer that can’t happen, because booking cycles still remain short.” MGM has tested all-inclusive Las Vegas packages at Luxor and Excalibur as operators aim to attract back value-driven and first-time travelers. COO Ayesha Molino said: “We’ve been really pleased with the response to the all-inclusive package, we’ve seen really steady momentum since we first deployed that and the customer response has been really good.” She noted a “significant portion” of demand came from new customers. Apart from quarterly results, discussions about an NBA team in Las Vegas drew attention. MGM co-owns T-Mobile Arena, the primary current option for a potential NBA team in the city. Hornbuckle said he was “already under three NDAs” and added: “T-Mobile is part of that conversation, whether it’s short-term or long-term, all roads lead to it for now…so we’re intimately involved in those conversations.” MGM Osaka remains on schedule. Hornbuckle stated the Japan integrated resort is progressing “on time and on budget for a 2030 opening.”MGM reported total liabilities of around $38 billion, roughly flat from last year. The company also repurchased $90 million in stock during Q1. Shares closed Wednesday down 1% at $39.27—still up about 24% over 12 months but below 2023 highs near $50. 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) -   Formula 1 has appointed FanDuel as an official sports betting operator for the U.S. and Canada, marking the racing series’ first betting collaboration in the American market. Good to Know FanDuel is now the first U.S.-based betting operator to form a partnership with Formula 1. The agreement features betting guide materials and editorial integration across all F1 platforms. The announcement comes just as Formula 1 prepares for the Miami Grand Prix. FanDuel Secures New Role Across F1 Platforms Formula 1 has integrated FanDuel into its North American betting strategy as interest in the series continues to rise across the U.S. and Canada. The deal grants FanDuel betting integration across Formula 1’s platforms, plus editorial content and betting guide features linked to race weekends. For F1, this partnership introduces a regulated betting partner in two markets where the series has invested years in expanding its fan base. Jonny Haworth, director of commercial partnerships at Formula 1, said: “We’re thrilled to welcome FanDuel as our new Official Betting Operator for the United States and Canada—markets where enthusiasm and engagement with Formula 1 keep growing. “As sports betting becomes a more prominent part of how fans—particularly those in the U.S.—interact with sports, it’s crucial we have a robust, well-established partner to execute our strategy and maintain our momentum in the market.” The FanDuel partnership follows another recent betting agreement for F1. This past March, Formula 1 inked a multi-year deal with Betway covering Canada, Mexico, and several other global markets. FanDuel also brings extensive league experience. The sportsbook already serves as an official partner of MLB, the NBA, and the WNBA, and now adds Formula 1 betting content to its portfolio. Karol Corcoran, managing director of FanDuel Sportsbook, said: “Being named an Official Betting Operator for Formula 1 is an exciting milestone as we upgrade our sportsbook product to deliver more interactive experiences for fans. “Formula 1 generates a massive amount of real-time data, and our platform is designed to turn that into engaging betting opportunities for fans. This partnership will allow us to offer even more immersive, data-driven experiences throughout race weekends.” The timing aligns with a North American segment of the F1 calendar. The Miami Grand Prix kicks off May’s races, while the Canadian GP at Circuit Gilles Villeneuve follows later. Oscar Piastri and McLaren head to Miami hoping to build on recent performance, though Piastri warned race weekends can still shift quickly. As per Reuters, Piastri said: “I think last year, and even 2024, we had a significant advantage at a track like this, but this year we don’t—so we’ll have to wait and see. “I think it’s going to be a weekend full of changes, and we’ll need to stay ahead of things better than everyone else. If we can do that, there will still be opportunities to finish higher than we might expect.” 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) -   Nevada sportsbooks saw a lower volume of wagers in March, yet operators' improved performance resulted in a significantly more profitable month compared to the previous year. Good to Know The Nevada sports betting handle hit $763 million in March, an 11.3% decrease from the same month last year. Revenue surged 107% to $46 million, with operators retaining 6% of all wagers. Mobile betting represented 72.1% of all action, accounting for $550.4 million in online wagers. Nevada Handle Falls While Sportsbooks Keep More Despite considerable betting activity from the NCAA Tournament and the beginning of the MLB season, Nevada's sportsbooks accepted fewer bets this March than in March of the prior year. Data from the Nevada Gaming Control Board shows retail and online operators took in $763 million in bets. This figure was approximately $98 million less than in March 2025, when the state recorded a handle of about $860 million, its highest monthly total since the end of 2023. Once again, mobile betting dominated the market. Online sportsbooks handled $550.4 million, constituting 72.1% of the month's total. Nonetheless, mobile handle was down 10.1% year-over-year.Nevada has now experienced year-over-year declines in handle for the first three consecutive months of 2026. February's total also fell below $700 million for the first time since August, making March's rebound above that threshold a slight improvement. Reduced visitor numbers in Las Vegas may have contributed to the lower betting volume. The revenue picture was starkly different. Sportsbooks recorded $46 million in winnings for March, a 107% increase from the $22.3 million won in March 2025. The 6% hold rate equaled February's percentage, delivering a far more successful month for operators even with a smaller amount wagered. Online operators were responsible for $36.7 million of the total revenue, a 135% year-over-year rise. The state generated $3.1 million in tax revenue from sports betting based on the March figures. Basketball was the clear leader for the month. Fueled by conference tournaments, March Madness, and NBA betting, the sport brought in $36.8 million in revenue, a 50.2% jump from March of last year.Other sports contributed $8.5 million, and hockey added $6.1 million. The combined category encompassing tennis, soccer, MMA, boxing, auto racing, and golf saw a substantial year-over-year increase. Football, however, proved costly for operators, as successful bettors led to sportsbooks posting a $9.6 million loss during the first complete month without NFL 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) -   A Unity member secured a six-figure windfall at Seminole Classic Casino on Wednesday, April 29, after a $5 side bet resulted in a progressive blackjack jackpot of $608,820.80. The lucky player achieved the Triple Diamond combination while participating in Bonus Spin Xtreme Spanish 21, a progressive table game developed by AGS. This payout marks one of the most significant recent wins at the Hollywood, Florida, venue, continuing a streak of major jackpot successes at the casino. This recent victory follows several other notable payouts at the same location. Just last month, a player secured $145,800 on Buffalo Link following a $200 bet, and another Unity Card holder claimed $142,300.50 on HUFF N’ MORE PUFF during its March 2024 debut. Following such a substantial win, progressive jackpots typically reset, which occurred in this instance. Once the $608,820.80 prize was awarded, the Bonus Spin Xtreme progressive returned to its $10,000 starting point, with the total reset value reaching $178,262.85, accounting for reserve accrual. For Seminole Classic Casino, the event highlights a gaming floor defined by its variety of slots, live table games, and the Unity rewards program. For the winner, however, the experience was straightforward: a $5 stake, the necessary card sequence, and a payout exceeding half a million dollars. 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) -   Rahulkumar D. Patel, an Indian national living in Washington state, has admitted guilt for operating an unlawful gambling enterprise in Missouri that brought in more than $7 million. Patel was indicted in Springfield, Missouri, last year alongside eight other Indian citizens. He confessed that he and his co-conspirators ran illegal gambling ventures disguised as internet amusement arcade games, skill game arcades, and adult arcades. He admitted guilt to one count each of conspiracy to commit wire fraud, conspiracy to operate an illegal gambling business, and conspiracy to commit money laundering. The charges carry maximum prison sentences of 20, five, and 20 years, respectively. Illegal Arcades' Lucrative Operations The group ran six arcades across Missouri: Big Win Arcade #1 at 1928 S. Glenstone Ave., Springfield Big Win Arcade #2 at 1135 E. Commercial St., Springfield Spin Hitters at 838-840 S. Glenstone Ave., Springfield Vegas Arcade at 615 S. Scenic, Springfield Spin Zone at 2331 E. 7th St., Joplin Vegas City Arcade at 16585 Missouri Highway 13, Branson West. Prosecutors state the illegal enterprise generated $7,696,085 in gross proceeds and then carried out various financial transactions to launder those funds. The U.S. Attorney’s Office for the Western District of Missouri announced Patel’s guilty plea in a press release on Wednesday. Gambling Crackdown Boosts Neighborhood Quality of Life Missouri has been addressing illegal gambling within its borders. In February, a federal judge ruled that the “no-chance” slot machines found in gas stations, bars, and restaurants are illegal gambling devices under state law. While skill-based games are legal in the state, games of chance are prohibited. The shutdown of the six locations operated by Patel’s group has improved local residents’ quality of life, according to Greene County Prosecutor Dan Patterson. “These were businesses that were basically operating as casinos, and they were affecting the quality of life of their neighbors in those areas of our community,” Patterson stated. “I believe we have seen a change since this investigation took place.” Missouri Lawmakers Disappointed With Legalized Gambling Outcomes In addition to skill games, Missouri legalized sports betting late last year. However, initial results have not met expected revenue targets. In the first two months after legalization in December, operators’ expenses exceeded their revenue. This year, the state has collected just $3.8 million in sports betting tax revenue—well below the monthly target of over $4 million. “It doesn’t necessarily match the commercials that got this passed, does it?” said Sen. Rusty Black in response to the disappointing figures. 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 Governor Kathy Hochul has revealed a new decade-long initiative to study gambling habits and evaluate the effectiveness of addiction treatment. Simultaneously, a legislative proposal is moving forward that would prevent gambling operators from suggesting their own help resources to individuals facing addiction. The New York State Office of Addiction Services and Supports (OASAS) will manage this 10-year research project. A randomized group of adult residents across the state will be invited to participate. The study's objective is to better understand the frequency of gambling issues and how aware the public is of the risks involved. Furthermore, the Assembly Racing and Wagering Committee has cleared a bill that would grant OASAS sole authority over problem gambling treatment referrals. Should it become law, this measure would bar gambling firms from pointing those in need toward any treatment options other than those sanctioned by the state. Safeguarding Residents from Gambling-Related Risks OASAS manages a variety of support services throughout New York, ranging from community programs to no-cost financial advice. “With the growth of gambling in our state, we must take a proactive stance to identify where more help is required for those struggling with addiction,” stated Dr. Chinazo Cunningham, OASAS Commissioner, in a recent statement. Conducted biennially, the study will reach out to selected individuals via mail or phone to participate in the “New York State Well-Being & Life Survey.” Cunningham noted that the data collected will shape future strategies to ensure New Yorkers are shielded from harm and can easily find necessary support. New York leads the nation in betting volume, with residents wagering over $26 billion in the past year. This reflects a 15.8% rise compared to 2024, marking the most significant annual growth since the 2022 debut of mobile sports betting. The Debate Over Restricting Treatment Choices While the survey is designed to "support the ongoing development and delivery of prevention and recovery programs," the proposed Assembly Bill 9146 would restrict the variety of services available to gamblers beyond state-run options. Under existing regulations, digital sportsbooks must display OASAS contact details. However, they are currently permitted to suggest external counselors or services that may not be OASAS-certified, located within the state, or provided for free. For instance, platforms like DraftKings often recommend Kindbridge Behavioral Health, a service that claims to mitigate gambling symptoms while improving mental resilience. Potential Conflicts of Interest The sponsor of AB9146, Assemblywoman Carrie Woerner, argues that ties between betting companies and treatment providers are problematic. “This presents a potential conflict between the mobile sports operator’s interest in generating revenue by the number of bets placed and lost versus an individual’s need for help to limit or stop gambling,” said Woerner. It is worth noting that OASAS also relies on gambling revenue. New York imposes a nation-leading 51% tax on gambling earnings, a portion of which is allocated to the agency. Additionally, the state is considering the legalization of online casinos. Projections indicate that operators could see revenues between $2.5 billion and $4.5 billion annually. If passed, $11 million of the state's tax share would be dedicated to problem gambling treatment and education. “New York remains dedicated to supporting anyone affected by problem gambling, regardless of their background,” Governor Hochul remarked. She added that the state looks forward to using the survey's data to inform strategic investments that protect citizens and improve access to essential care. 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.