News

Key Moments: Wynn Resorts has scheduled the US$3.9 billion Wynn Al Marjan integrated resort to open in early 2027. The company increased its total investment in Wynn Al Marjan to $835 million in the third quarter of 2025. Management expects the Al Marjan property to contribute $345 million in EBITDA and rent to Wynn’s portfolio. Competitive Landscape and Market Opportunity Wynn Resorts is positioning itself as a first mover in the United Arab Emirates’ rapidly evolving gaming market. The company aims to capture a major share of an industry projected…

Key Moments: The Ts’elxwéyeqw Tribe has announced the acquisition of Elements Casino Chilliwack from Great Canadian Entertainment. Elements Casino Chilliwack features more than 300 slot machines, table games, bingo, and live entertainment. This transaction adds to a series of recent British Columbia casino sales involving First Nations groups. Expansion of First Nations Casino Ownership The Ts’elxwéyeqw Tribe, consisting of seven First Nation communities within the Chilliwack River watershed, has made a significant move by acquiring Elements Casino Chilliwack from Great Canadian Entertainment. The transaction was carried out through an entity…

Key Moments: The Treasury Committee has called for stricter tax distinctions between land-based and online gambling forms Recommendations were made to increase taxes on higher-risk gambling, citing greater societal harm from online platforms Potential tax hikes could raise up to £3 billion annually if rates for Remote Gaming and Machine Games Duties are significantly increased Calls for Policy Adjustments in Gambling Tax The UK Parliament’s Treasury Committee has recommended that the government intensify the distinction between taxation for land-based gambling venues and online gambling platforms, describing the latter as more…

Key Moments: Over 80% of American sports bettors have expressed beliefs that athletes alter their performance to impact betting outcomes YouGov’s brand sentiment index found DraftKings and FanDuel recorded more than 3% annual declines in reputation Survey of 19,000 Americans took place in the aftermath of high-profile FBI match-fixing arrests Survey Reveals Disquiet Among Bettors A YouGov survey has exposed a significant lack of faith in the integrity of U.S. professional sports, with over 80% of sports bettors reporting a belief that athletes deliberately change how they play in order…

Key Moments: AGCO has fined Score Media and Gaming Inc. CA$105,000 for failing to intervene with a high-risk gambler One customer was allowed to wager approximately CA$2.5 million and lose CA$230,000 over eight months without proper oversight theScore breached three sections of Ontario’s Registrar’s Standards, highlighting deficiencies in monitoring and employee training Regulator Imposes Significant Penalty The Alcohol and Gaming Commission of Ontario (AGCO) has issued a CA$105,000 penalty to Score Media and Gaming Inc., the company behind theScore Bet. The regulator identified failures related to responsible gambling protocols, specifically…

Key Moments: 33 percent of Americans believe NBA coaches and players engage in illegal betting, as reported by the Quinnipiac University Sports Poll 68 percent of Americans view NBA betting misconduct as a problem, with 32 percent labeling it a major issue Public confidence in Commissioner Adam Silver’s oversight stands divided, with only 41 percent expressing confidence Public Perceptions of NBA Integrity A recently released Quinnipiac University Sports Poll shows that 33 percent of Americans believe NBA coaches and players are involved in illegal betting activity. The results arrive in…

Key Moments: The ORACLE Act proposes to ban most event-based prediction markets for New York users, with few exceptions for broad outcomes. Consumer protections include a 21-year age minimum, self-exclusion requirements, and a ban on credit card deposits for permitted platforms. Violations could result in civil fines up to $1 million per day, with enforcement actions led by the state attorney general. Legislative Proposal Targets Prediction Market Operations A new bill introduced in the New York State Assembly, titled the Oversight and Regulation of Activity for Contracts Linked to Events…

Key Moments: Bulgaria has approved a gambling tax increase from 20% to 25% of gross gaming revenue, set to apply in January next year. Regulated online gambling in Bulgaria generated approximately €562mn in GGR in 2023, with total GGR from all sectors estimated at €1.1bn. The new tax rate is expected to yield €281mn in annual revenue, covering only about 1.4% of the current national deficit. Policy Shift Targets Fiscal Deficit Bulgaria will raise the gambling tax on gross gaming revenue from 20% to 25%. The change takes effect in…

Key Moments: The NCAA has suspended six men’s basketball players from three universities for involvement in game-fixing and betting-related violations. The investigation uncovered athletes intentionally altering performance and sharing insider information for financial gain, with payouts of $5,000 reported in connection. Current and prior integrity probes continue, with additional NCAA investigations targeting sports wagering violations across multiple schools. Widespread Suspensions for Game Manipulation he NCAA has suspended six men’s basketball players from New Orleans, Mississippi Valley State, and Arizona State. These bans stem from separate game-fixing investigations. However, the cases…

Key Moments: Nevada Gaming Commission schedules a November 20 review of Fifth Street Gaming’s compliance practices. The Nevada Gaming Control Board has recommended a two-year restriction on Fifth Street’s share of sportsbook revenue at Ojos Locos Sports Cantina Y Casino. Fifth Street Gaming has introduced new systems and oversight in response to regulatory concerns, but gaps remain unresolved. Regulatory Scrutiny Intensifies The Nevada Gaming Commission is closely examining Fifth Street Gaming after several audit and tax issues surfaced at the Ojos Locos Sports Cantina Y Casino in North Las Vegas.…