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Wynn Resorts has released its financial results for the third quarter of 2025, with a major boost in revenue being seen due to ‘impressive’ growth in Macau. This administrative region of China has become a hotspot for gambling and its economy is currently booming with gaming and casino revenue being important drivers. The operating revenues, overall, for Wynn Resorts were $1.83 billion for the...
Two casinos based in Fort Myers, Florida, were raided on Wednesday in a joint police affair that saw 134 slot machines and “over $22,000” seized. The two businesses, Royal Arcade and Spinners Arcade, were operating machines that are illegal within the state of Florida. Royal Arcade lost 72 machines, as well as $3,100. It also saw the arrest of an employee, Sonia Pimentel. She was released from...
The Social Gaming Leadership Alliance (SGLA) has released a press release expressing “disappointment” over a state’s decision to push back on what it considers illegal gambling. Namely, the Minnesota Attorney General has come out swinging against “out-of-state and overseas operators” running sweepstakes casinos online and skirting established gambling laws. Minnesota Attorney General Keith...
Google has announced it’ll add support for prediction markets data into its Finance section, as it begins to explore data from these platforms. The announcement came in on Thursday (October 6) with a new suite of AI features added to Google Finance, with the upgrades aiming to help people make sense of the financial world. Among the additions is the ability to use Deep Search for a thorough AI...
Robinhood, the trading and prediction market platform, has announced its Q3 financial results for 2025. Headlining the quarterly report is that revenue is up “100% year-over-year to a record $1.27 billion”. Helping this along is that Robinhood now has “11 business lines,” making around $100 million or more in annual revenue. Robinhood Markets has just released financial results for the third...
Australian gaming giant VGW has confirmed that it plans to wind down its sweepstakes-style Promotional Play options in West Virginia later this year. This comes as it already wound down some of its sweepstakes operations in New York and New Jersey. The company, known for Chumba Casino, LuckyLand Slots, and Global Poker, is still expected to offer its free-to-play Gold Coin games in the state even...
DraftKings and ESPN made their new agreement public on Thursday (November 6) as the broadcaster replaced PENN Entertainment with DraftKings as the exclusive ‘Official Sportsbook and Odds Provider.’ The partnership means fans will be able to use betting features and gain access to offerings, including DraftKings’ sportsbook, daily fantasy, and DraftKings Pick6 at launch. ESPN...
Former NBA guard and assistant coach Damon Jones pleaded not guilty on Thursday (November 6) to conspiracy charges tied to two separate federal gambling cases. In the first case, prosecutors say Jones, best known for his time with the Cleveland Cavaliers, shared inside information with sports bettors. According to the indictment, he allegedly told an associate to place a “big bet on Milwaukee”...
The Northern Ireland Assembly’s All-Party Group on Reducing Harm Related to Gambling has called on the Chancellor to increase gambling taxes. The group has written an open letter to the Chancellor calling for higher taxes on online gambling to raise funds to reduce gambling-related harm. It’s estimated that a tax change could raise £2 billion ($2.6 billion) in revenue. https://twitter.com/...
PENN Entertainment, once the unassuming Penn National Gaming with little more than racetracks and regional ambition, has spent decades leveling up from modest racing outfit to one of America’s largest casino and racing powerhouses. Along the way, the company scooped up properties with the enthusiasm of a tourist collecting souvenirs, sometimes strategic, sometimes simply because they were there....