News

Key Moments: New York’s mobile sports betting market hit a record $2.64 billion in wagers in October, the highest monthly figure ever in the U.S. Operators posted $238.7 million in revenue for the month, a 35% increase compared to October 2024, while tax receipts reached $121.8 million. FanDuel became the first operator to top $1 billion in monthly handle in New York, gaining a 38.1% market share. October Delivers Landmark Numbers for New York October proved to be a landmark month for mobile sports betting in New York, with the…

Key Moments: The Andalusian government has introduced plans for a regional digital platform focused on preventing gambling and technology addictions. The new tool is scheduled for completion by the end of 2026 as part of the Third Andalusian Plan on Drugs and Addictions. Multiple collaborative research and educational projects were presented at the II Conference on Good Practices in the Prevention of Addictions in Malaga. Government Details Digital Strategy Against Addiction The government of Andalusia has announced the development of a comprehensive digital platform aimed at integrating all efforts related…

Key Moments: Recent data indicates that more than 1.6 billion people participate in gambling each year, according to Casino.org. Custom Market Insights projects the global online casino market to increase from $19.7 billion in 2024 to $56.8 billion by 2033. UXCam reports that up to 74% of users revisit platforms with responsive mobile design due to enhanced user experience. The Shift Toward Player-Centric Gaming The gambling sector has experienced a remarkable transformation, evolving from a hobbyist activity to a mainstream entertainment option with a global audience. As more participants enter…

Key Moments: Dennis Gratz from the Democratic Front has proposed amendments to the Gambling Act in the Federation of Bosnia and Herzegovina. The proposal outlines distributing 60% of gambling tax to the federal treasury, 20% to sports, culture, and youth education, and 20% to the Solidarity Fund for medical assistance. The legislative process faces challenges due to the nation’s complex structure, with the Federation and Republika Srpska operating as separate entities. Gratz’s Proposed Gambling Act Amendments Dennis Gratz, a member of the Democratic Front in the Federation of Bosnia and…

Key Moments: Norfolk Casino Interim Gaming Hall has welcomed visitors after nearly five years of preparation and setbacks. The temporary facility offers 132 slot machines and operates daily from 10 a.m. to 2 a.m. A permanent $750 million Norfolk casino resort with 1,500 slots and 50 table games is scheduled for completion in 2027. Interim Casino Makes Its Debut Following Lengthy Delays After almost five years marked by political disagreements, design changes, financing difficulties, and public scrutiny, Norfolk’s first-ever casino is now open for business. The Norfolk Casino Interim Gaming…

Key Moments: BetMGM and Casino del Mar have opened a retail sportsbook at the Mayagüez Resort and Casino, marking BetMGM’s first location outside of San Juan. The partnership’s expansion aligns with the regulatory requirements set by the Puerto Rico Gaming Commission and aims to grow the network of satellite locations. Recent market activity includes FanDuel’s new retail sportsbook in San Juan and PrizePicks obtaining local authorization for fantasy sports contests. Expansion to the Western Region BetMGM and Casino del Mar at La Concha Resort have extended their sports betting reach…

Key Moments: Light & Wonder plans to shift its US$1.5 billion share buyback program from NASDAQ to the ASX amid a move to sole listing. As of the NASDAQ close on November 5, approximately US$705 million remained available for repurchase. The company will solely list on the ASX after November 13, 2025, with delisting from NASDAQ occurring on November 12, 2025. Transition to Sole ASX Listing Light & Wonder is set to transfer its US$1.5 billion share repurchase plan from the NASDAQ Stock Market to the Australian Securities Exchange (ASX),…

Key Moments: Senator Angelo Coronel opposed a plan to double the tax on licensed betting operators from 12% to 24% during a Senate committee session on November 4. 81 licensed operators have collectively paid BRL 30 million (USD 5.57 million) in concession fees and face a total tax burden surpassing 50%. Ongoing disagreements among senators reflect a deeper split between promoting regulated market growth and raising tax revenues from the betting sector. Ongoing Dispute Over Betting Market Taxes The discussion surrounding taxation in Brazil’s regulated betting sector intensified as Senator…

Key Moments: Two Cleveland Guardians pitchers have been indicted for manipulating in-game pitching in exchange for payoffs from gamblers. Emmanuel Clase and Luis Ortiz are accused of rigging pitch outcomes, resulting in gambler winnings of $460,000 on prop bets. Both players could face up to 20 years in prison on several counts if convicted. Federal Indictment Details Alleged Betting Scheme Federal indictments unsealed in Brooklyn have charged Emmanuel Clase and Luis Ortiz, both pitchers for the Cleveland Guardians, with several serious offenses tied to a betting scheme. Prosecutors allege the…

Key Moments: The Zambian government has started direct discussions with betting companies regarding the 10% excise tax on monthly stakes. Several operators, including Betway and betPawa, legally challenged the new tax but the Constitutional Court upheld its validity. Finance Minister Dr. Situmbeko Musokotwane announced openness to stakeholder input to find a sustainable way forward. Excise Tax Implementation Sparks Industry Debate Facing objections from betting operators, the Zambian government has moved to open a dialogue about the newly introduced 10% excise tax on betting stakes. The measure has prompted several betting…