News

Key Moments: Suntrust has taken steps to enter a strategic agreement with Travellers International Hotel Group Inc and related firms for the $1.25 billion LETX project in Manila. Entertainment City Resorts Corporation (ECRC) is expected to become the new holding company, with TIHGI and its parent, Alliance Global Group, acquiring a controlling interest. Suntrust will maintain a 20 percent indirect stake in ECRC, while LET Group Holdings will hold an effective 10.2 percent position in the project after the transaction. Partnership Structure and Project Overview Suntrust Resort Holdings, listed in…

Key Moments: Robinhood Markets (NASDAQ: HOOD) has introduced prediction markets for NCAA and NFL events during the regular season. ARK Invest highlights Robinhood’s federal regulatory advantages, allowing nationwide access to these contracts. ARK Investment Management maintains significant holdings in both Robinhood and DraftKings (NASDAQ: DKNG) through its ETFs. Robinhood Advances Sports Prediction Markets Robinhood Markets (NASDAQ: HOOD) has recently taken a step further into the sports event contracts space, notifying clients about its new prediction market offerings for both NCAA and NFL games throughout the regular season. This development signals…

Key Moments: The Clearing Company has raised $15 million in seed funding to build a regulated, on-chain prediction market platform. This initiative is led by Union Square Ventures, with additional participation from Coinbase Ventures and other investment firms. Donald Trump Jr. has joined Polymarket’s advisory board after 1789 Capital invested in the company. Capital Injection and Investment Partners The Clearing Company, established by former executives from Polymarket and Kalshi, has attracted $15 million in seed capital for the development of its on-chain prediction market. The funding round was spearheaded by…

Key Moments: MegaSportsPro launched today across 24 states, offering a blend of skill-based sports prediction and lottery-style rewards. The platform provides three pathways to win: daily progressive jackpots, weekly leaderboards, and monthly contests. Contestants compete by predicting outcomes for 15 daily player-performance propositions. New Era for Sports Prediction Contests MegaSportsPro has officially rolled out its platform, merging skillful sports predictions with a unique lottery-style prize system, and is now accessible in 24 states. The launch delivers a novel competitive experience to participants, emphasizing both expertise and the excitement of potential…

Key Moments: Norwegian gambling regulator Lottstift confirmed a NOK46 million (£3.4 million) fine against Norsk Tipping for significant failures in its lottery draw processes. The error impacted all weekly national supplementary Eurojackpot draws since 2016 and all quarterly Lotto Super Draws since 2015, disproportionately favoring syndicate participants. From 2023 onwards, over 108 annual draws were affected, involving millions of players each year. Background on the Regulatory Action The Norwegian gambling authority, Lottstift, has officially levied a penalty of NOK46 million (£3.4 million) against Norsk Tipping, a state-owned gaming operator. The…

Key Moments: Ukraine confirmed that all gambling license holders will be required to integrate with a state online monitoring system. The new system allows real-time tracking of bets, returns, and winnings to assist PlayCity, Ukraine’s regulatory body. Further reforms have been proposed, including new B2B registers, increased enforcement powers, and a ban on gambling advertising. New Regulatory System Rolled Out Six weeks after the Ministry of Digital Transformation first introduced plans for a state online monitoring platform, Ukraine has officially stated that all regulated gambling operations are now mandated to…

Key Moments: The Complaint Resolution Center has officially recovered $50 million in player funds since its 2019 launch. The team has grown from two to 28 members and now handles over 1,000 complaints monthly for 25 consecutive months. In November 2024, a single case resulted in $1.35 million being returned to a player—the second-largest resolution documented by the platform. Significant Growth and Industry Recognition Casino Guru’s Complaint Resolution Center has reached a major milestone, confirming the recovery of $50 million in player funds. Serving as a neutral intermediary since its…

Key Moments: Maryland Lottery and Gaming Control Agency authorized bet365 to operate, marking Maryland as the 15th US state for the sportsbook The approval came on 28 August 2025, positioned strategically ahead of the NFL season’s 5 September start Maryland’s recent tax policy revision set the sportsbook tax rate at 20 per cent following prior proposals Regulatory Nod Positions bet365 for Early NFL Momentum bet365 received the green light from the Maryland Lottery and Gaming Control Agency (MLGCA) after a two-hour meeting held on 28 August 2025. The timing of…

Key Moments: EGT Digital and EGT are scheduled to showcase their latest offerings at stand 5007 during SiGMA Euro-Med 2025. EGT Digital plans to present more than 150 proprietary casino games and its advanced X-Nave iGaming platform with new features. EGT intends to display its new Supreme-series slot cabinets equipped with top-performing multigames. EGT Digital’s Game-Changing Portfolio in Focus EGT Digital and EGT are gearing up for a dynamic presence at SiGMA Euro-Med 2025, where they will host visitors at stand 5007. Together, they aim to spotlight their most recent…

Key Moments: Elantil has completed the integration of FIRST, providing direct access to advanced sportsbook technology and trading services. The partnership enables Elantil’s marketplace clients to leverage FIRST’s proprietary sportsbook platform designed for top-tier operators. Company leadership from both Elantil and FIRST emphasized the innovation and scalability offered by the alliance. Strategic Partnership Delivers Advanced Sportsbook Capabilities Elantil, a platform solutions provider known for innovation, has incorporated FIRST, a prominent sportsbook supplier, into its online marketplace. This collaboration grants Elantil clients seamless entry to FIRST’s advanced technology, recognized for its…