News

Key Moments: The Indiana Gaming Commission tasked Spectrum Gaming Group to identify locations with the highest potential for gaming revenue. Downtown Indianapolis and a region north of Fort Wayne have been identified as offering the strongest projected Annual Gaming Revenue (AGR). A report noted the Miami Tribe of Oklahoma owns property in DeKalb County but stated it will not use the site for gambling. Locations with Highest Revenue Potential Highlighted The Indiana Gaming Commission recently commissioned a study that spotlights downtown Indianapolis and northeast Indiana as the best candidates for…

Key Moments: The Estonian parliament approved a gradual online gambling tax cut from 6% to 4% on October 21 with 48 votes in favor and 18 against. The government expects annual gambling tax revenue to rise from €22 million to €30 million by 2028, subject to new operator entries. Critics warn of possible budget shortfalls, projecting losses of €6 million in 2026, €8 million in 2027, and €10 million in 2028 if reductions proceed. Legislative Shift and Rationale Estonia’s government has officially enacted changes to the Gambling Tax Act, aiming…

Key Moments: Rush Street Interactive (RSI) posted $277.9 million USD ($388.6 million CAD) in quarterly revenue, a 20% year-over-year increase Ontario online casino revenue climbed 34% year-over-year, with active users reaching 225,000 during the quarter RSI raised its full-year revenue guidance to $1.11 billion USD ($1.55 billion CAD) and expects EBITDA of $150 million USD ($210 million CAD) Strong Growth Anchored by Ontario Performance Rush Street Interactive, which operates BetRivers, delivered its highest Ontario quarterly figures in nearly two years, largely propelled by its emphasis on online casino offerings. Third…

Key Moments: Nexus International is targeting a $5 billion verified revenue milestone as a prerequisite for its planned IPO in March 2027. The company posted $546 million in first-half revenue for mid-2025 and $301.9 million in Q3, with year-to-date results nearing $850 million. Nexus has grown through internal reinvestment and compliance-driven expansion, with no external investors, venture capital, or debt since inception. IPO Strategy Anchored in Proven Results While many firms in the gaming and fintech arenas rush toward public listings with aggressive speculation, Nexus International takes a markedly different…

Key Moments: Maybank analysts have indicated that Genting Malaysia (KLSE: GENM) is “virtually assured” of a casino license in downstate New York Resorts World New York City plans to start full-scale casino operations within six months of licensure, with significant expansion targets set for 2029 Maybank projects RWNYC’s expansion could elevate Genting Malaysia’s net profit to MYR1.93 billion ($455 million) by 2030 Licensing Prospects Gain Momentum Genting Malaysia Berhad is stepping up efforts to secure a full casino license in downstate New York. This comes after Maybank Investment Bank Bhd.…

Key Moments: 1spin4win has partnered with Xpress Tech to expand its footprint across Africa and Latin America. More than 180 classic slot titles from 1spin4win will be added to Xpress Tech’s platform, which features over 30,000 games. Xpress Tech delivers gaming solutions in more than 20 countries and strongly focuses on African and Latin American territories. Strategic Partnership Enriches Regional Presence 1spin4win is increasing its influence in both the African and Latin American gaming markets by announcing a new partnership with Xpress Tech, a prominent game aggregator specialized in these…

Key Moments: Red Rock Resorts reported a 38.8% year-over-year increase in Q3 2025 net income, reaching $76.9 million Net revenue grew to $475.6 million for the quarter, marking nine consecutive record-setting quarters The company announced a $0.26 per share dividend and expanded its share repurchase program to $900 million through 2027 Financial Performance Surges in Q3 2025 Red Rock Resorts delivered strong third-quarter results, with net income jumping 38.8% year-over-year to $76.9 million in Q3 2025. Net revenue increased by 1.6% from the previous year to $475.6 million, while adjusted…

Key Moments: Guilherme Boulos assumed leadership as Minister of the General Secretariat of the Presidency and prioritized new taxes on billionaires and betting firms in his inaugural address Boulos criticized continued opposition to measures aimed at restructuring fiscal policy and reducing inequality Authorities have escalated enforcement efforts against unlicensed betting operators, with offshore entities now controlling most online gambling activity in Brazil Boulos Prioritizes Fiscal Reform and Social Inequality Guilherme Boulos made his debut as Minister of the General Secretariat of the Presidency by advocating robust fiscal initiatives targeting the…

Key Moments: The Virginia Lottery Board has granted the casino operator’s license for the Norfolk casino project. A temporary casino venue with 130 slot machines is projected to open in November near Harbor Park. The permanent resort, targeting a 2027 opening, is set to feature 1,500 slot machines, 50 table games, a 200-room hotel, and eight food and beverage outlets. Operational Developments and Regulatory Milestones The Virginia Lottery Board has approved the operator’s license for the Norfolk casino, concluding that the application satisfied all requirements for integrity, financial stability, security,…

Key Moments: Christopher Scott King received a 21-month prison sentence in Los Angeles federal court. King agreed to a $10 million forfeiture after generating more than $13 million in unreported income between 2018 and 2022. Sentencing follows ongoing investigations, with notable NBA figures charged in related cases. Federal Sentencing Highlights Enforcement Actions Christopher Scott King, a leading bookmaker from Southern California, has been sentenced to 21 months in prison following conviction for operating an illegal gambling business, tax evasion, and money laundering. King’s sentencing, which took place in a Los…