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MGM Resorts International announced yesterday that it would sell off its Northfield Park location in Ohio for $546 million. It’s being sold to an affiliate of private funds managed by Clairvest Group, and the deal will be done entirely in cash. It comes as MGM Resorts also unexpectedly pulled out of its New York casino bid race.
Clairvest has a portfolio that includes other gaming investments,...
Another player might soon enter the fast-growing scene of US prediction markets: Kraken.
The Wyoming-based crypto exchange announced on Thursday (October 16) that it is buying Small Exchange for $100 million. Small Exchange is already registered with the Commodity Futures Trading Commission (CFTC) as a designated contract market (DCM), which means it is allowed to run a federally regulated...
A partnership with Polymarket will make MetaMask the first crypto wallet to integrate with a prediction market.
Crypto wallet MetaMask has announced plans to integrate prediction markets into its services through a partnership with the prediction market. This comes after the company confirmed that it will launch a token as part of a wider move to get customers to engage with its community.
Before...
Strategic Gaming Management has closed the $301 million acquisition of a racetrack and casino, before immediately transferring the property on.
The acquisition of Sunland Park Racetrack...
Brazil’s Federal Police says that it has dismantled a suspected money laundering scheme linked to international drug trafficking and online betting operations.
As part of Operation Narco Bet, authorities said the criminal network was allegedly laundering drug money through companies linked to the online betting industry, which investigators referred to as BETS. They said in a press release that...
The Curaçao Gaming Control Board says it’s still running smoothly, even after some recent changes to its leadership and how it’s being overseen by the government.
The GCB explained that with the entry into force of the National Ordinance on Games of Chance (LOK) on 24 December 2024, “the GCB has been designated as the Curaçao Gaming Authority (CGA) and will continue operations under this name.”...
Flutter UKI has announced plans to close 57 Paddy Power shops across the UK and Ireland, after a review of the high street estate. As a result, almost 250 staff are at risk of redundancy. Of the closures, 28 shops will close in Ireland, 28 in the UK and 1 in Northern Ireland.
The company has confirmed that impacted colleagues will be offered redeployment opportunities where possible. However, it’...
PrizePicks is back in New York following last year’s $15 million settlement for operating without a license.
Fantasy sports operator PrizePicks will now be able to offer its service in New York, after being awarded an interactive fantasy sports operating license by the New York State Gaming Commission. PrizePicks has confirmed that it plans to launch its peer-to-peer offering in New York in the...
Resorts World New York City has submitted its supplemental application for a casino license, bringing the total spend up to $7.5 billion.
Now submitted to the New York State Gaming Facility Location Board, Resorts World New York City’s proposal promises “more jobs, more revenue, and more immediate economic impact” as the competition for a license continues to heat up. This comes on the heels of...
UK’s Department for Culture, Media and Sport has launched a public consultation on proposed changes to gaming machine rules and bingo venue licensing in Great Britain. Published on Wednesday (October 15), the consultation asks for feedback on possible updates to the stakes and prizes for Category D gaming machines and changes to the licensing system for the bingo industry. People can share their...