News

Key Moments: BetMGM reported $667 million in Q3 2025 revenue, marking a 23 percent year-on-year increase. The company upgraded its minimum full-year 2025 revenue forecast to $2.75 billion and expects EBITDA of $200 million by year-end. BetMGM achieved positive Q3 2025 EBITDA of $41 million, compared to a loss of $16 million in the prior year quarter. Strong Performance Across Online Gaming and Betting BetMGM posted revenue of $667 million in the third quarter of 2025, representing a 23 percent increase from the previous year as the company continues to…

Key Moments: FanDuel is targeting a late 2025 launch of “FanDuel Markets,” offering federally regulated prediction markets on financial and economic outcomes. The platform, built in partnership with CME Group, will allow users to place wagers as low as $1 on products like gold, oil, S&P 500, GDP, and inflation trends. Nevada regulators have recently questioned FanDuel’s expansion, while the company maintains its state license and leaves the door open for additional partnerships. FanDuel’s Expansion Beyond Sports Betting Flutter Entertainment’s FanDuel is preparing to significantly broaden its operations in the…

Key Moments: The government plans a three-phase redevelopment of Yumeshima Island after World Expo 2025 Osaka-Kansai ends on October 13. Preservation of a 200-meter Grand Ring segment is expected to cost JPY9 billion (approximately $59.5 million), funded from Expo surplus revenues. MGM Osaka, with an estimated maximum investment of JPY1.5 trillion ($10.2 billion), is scheduled to open in autumn 2030 and aims to attract about 20 million visitors each year. Post-Expo Redevelopment Overview With World Expo 2025 Osaka-Kansai ending on October 13, Osaka’s city and prefectural leaders are shifting focus.…

Key Moments: JP Morgan lowered its October 2025 gross gaming revenue growth estimate for Macau casinos to 3 to 6 percent, down from over 11 percent previously Golden Week performance fell short of expectations due to Typhoon Matmo and competition from the Formula One Singapore Grand Prix Wynn Macau Ltd is projected to post strong quarterly EBITDA growth, while MGM China Holdings Ltd and Melco Resorts & Entertainment Ltd may face declines Forecast Revisions Following Weak Golden Week JP Morgan has scaled back its anticipated year-on-year expansion for Macau’s gross…

Key Moments: Deputy Ricardo Mejía has submitted a bill to replace Mexico’s 1947 Federal Law of Games with Bets and Lotteries The proposal introduces the National Institute of Games and Lotteries to oversee the sector Measures addressing responsible gaming and public health, including raising the minimum age to 21, are mandated in the bill Legislation Targets Modernization and Market Integrity Mexico is preparing to revamp its gaming and lottery framework. Deputy Ricardo Mejía recently presented the proposal before the Chamber of Deputies. The bill aims to replace the outdated Federal…

Key Moments: ASA and CAP released revised gambling advertising rules on 14 October 2025, updating the previous 2022 guidance The Gambling Commission’s 2024 survey found 62% of 11 to 17-year-olds had encountered online gambling ads last year Non-UK operators holding a Great Britain gambling license have been required to comply with these rules since 1 September 2025 New Framework for Gambling Advertisers The Advertising Standards Authority (ASA) and Committees of Advertising Practice (CAP and BCAP) have overhauled their approach to gambling marketing. The tightened set of guidelines, unveiled on 14…

The government has announced stricter penalties for illegal lottery operators, raising fines to TTD3 million and prison terms to seven years. The illicit lottery market is estimated to generate TTD9 billion annually, three times the size of the legal sector’s TTD3 billion gross gaming revenue. The government will enforce quarterly transfers of lottery revenue and introduce spending caps for the National Lotteries Control Board. Key Moments Regulatory Push to Curb Illegal Gambling Trinidad and Tobago is taking decisive steps to rein in illegal lottery activity that has overshadowed the country’s…

Key Moments: The New York ‘Fair Play Act’ was introduced by Assemblymember Alex Bores to prevent sportsbooks from limiting or banning winning bettors. Exceptions in the proposal address responsible gambling practices and integrity concerns. Major sportsbook operators have voiced opposition to increased restrictions on customer limitations. Introduction of the Fair Play Act New York legislators are taking aim at betting site practices with the recent introduction of the ‘Fair Play Act,’ a proposal designed to better protect mobile sports bettors from being penalized for winning. Assemblymember Alex Bores put forward…

Key Moments: The government shutdown has paused the plan by over 200 Horseshoe Indianapolis table game dealers to hold a unionization vote Teamsters Local 135 proposed a third-party oversee the vote, but casino management has not responded Table game workers have been authorized to strike until Caesars addresses the request for independent vote oversight Union Efforts Hit Roadblock Amid Shutdown A government funding lapse has thrown a wrench into unionization efforts by table game dealers at Horseshoe Indianapolis, a casino managed by Caesars Entertainment in Shelbyville, IN. Over 200 employees…

Key Moments: Xpoint has named Chris Boni as its new Chief of Staff as the company accelerates its international growth. Boni brings leadership experience from roles at Aristocrat, IGT, and Betfair. This hiring follows the earlier appointment of Tom Flaherty as chief financial officer. Leadership Appointment Supports Growth Strategy Xpoint, a company specializing in geolocation and compliance technology, has expanded its executive team by appointing Chris Boni as Chief of Staff. As the company continues broadening its global reach, Boni is set to play a strategic role within the management…