Resorts World NYC Hopes to Lower Tax Commitment for Proposed Casino
...Tax proposals of 56 percent on slot machine revenue and 30 percent on table games, which are well above industry standard.
Latest Casino and Gambling News
DigiPlus Secures Majority Stake in IEC, Merging Digital & Land-Based Gaming
DigiPlus agrees to HK$1.6 billion convertible notes (two tranches) for 53.89% IEC stake, gaining control of New Coast Hotel Manila.
Caesars Penalized $7.8M for Years of Bookmaker Oversight Failures
Bowyer gambled at Caesars venues from at least 2017 to 2024 despite repeated internal warnings about unverified funds and large bets, despite flagged risks.
NYC Agrees to Deal With Queens Casino Group Despite Receiving a Lawsuit Last Week
The USTA’s lawsuit effectively said that the Superiority Clause granted the USTA precedence over non-New York Mets events in Queens during the weeks of the U.S. Open.
More News
ProphetX At A Crossroad Regarding Keeping Sweepstakes Product Or Not
ProphetX will decide on the status of its sweeps product when they "ultimately achieve CFTC approval" to get in on the prediction market.
Resorts World LV Reshuffles Leadership with Sandoval as New Chairman
Former Nevada Governor Brian Sandoval named Resorts World Las Vegas board chairman, succeeding Jim Murrrren, who transitions to the UAE’s GCGRA.
Stake.us Will Close Down All Game Modes, Leave California On Dec. 30
Facing a lawsuit and with a ban on sweepstakes casinos in California looming, Stake.us announced it's completely leaving the state.
LuckyStars Casino, OnPoint Casino, Turbo Stakes Casino Shutting Down
Amid a tumultuous year in the US sweepstakes casino industry, including California's ban, six sweepstakes casinos have closed since October.
Betty Sweeps, SweepNext, and Stackr Casino Announce California Exit
With AB 831 banning sweepstakes casinos as of Jan. 1, 2026, three more sweepstakes casinos have made the decision to leave California.
Industry News
NYC Agrees to Deal With Queens Casino Group Despite Receiving a Lawsuit Last Week
The USTA’s lawsuit effectively said that the Superiority Clause granted the USTA precedence over non-New York Mets events in Queens during the weeks of the U.S. Open.
US Tennis Group Sues NYC for Overstepping Limits Amid Cohen’s Queens Casino Bid
The clause states that third parties “are subject and subordinate in all respects to the rights of the USTA National Tennis Center” on nearby city-owned land.
Americans Feel More Positively About Gambling, AGA Survey Shows
The results showed that 57 percent of Americans participated in at least one form of gambling within the past year.
Financial News
Resorts World NYC Hopes to Lower Tax Commitment for Proposed Casino
...Tax proposals of 56 percent on slot machine revenue and 30 percent on table games, which are well above industry standard.
Norfolk Casino Will Generate Less than 50% of Expected Tax Revenue
The Pamunkey Indian Tribe, which received federal recognition in 2015, was awarded the title of majority owner of the Norfolk project before construction ever began.
Illinois’ Casino Industry Surges 21% YoY During Favorable October
The Illinois Gaming Board revealed in its monthly revenue report that the retail gaming industry generated $165.8 million in October revenue.
Legal News
ProphetX At A Crossroad Regarding Keeping Sweepstakes Product Or Not
ProphetX will decide on the status of its sweeps product when they "ultimately achieve CFTC approval" to get in on the prediction market.
Stake.us Will Close Down All Game Modes, Leave California On Dec. 30
Facing a lawsuit and with a ban on sweepstakes casinos in California looming, Stake.us announced it's completely leaving the state.
LuckyStars Casino, OnPoint Casino, Turbo Stakes Casino Shutting Down
Amid a tumultuous year in the US sweepstakes casino industry, including California's ban, six sweepstakes casinos have closed since October.
Las Vegas News
Caesars Penalized $7.8M for Years of Bookmaker Oversight Failures
Bowyer gambled at Caesars venues from at least 2017 to 2024 despite repeated internal warnings about unverified funds and large bets, despite flagged risks.
Resorts World LV Reshuffles Leadership with Sandoval as New Chairman
Former Nevada Governor Brian Sandoval named Resorts World Las Vegas board chairman, succeeding Jim Murrrren, who transitions to the UAE’s GCGRA.
VICI Properties Secures Foothold in Vegas Via Golden Entertainment Deal
Golden Entertainment’s landmark $1.16B property sale marks VICI’s entry into Las Vegas’ gaming market, which grew 5% last year despite Strip declines.
World Cup 2026 News
Ronaldo May Face World Cup Ban After First Career Red Card
Cristiano Ronaldo was awarded the first red card of his international career against the Republic of Ireland. He will miss the team’s final qualifying match, but FIFA could add to that ban. If they do, Ronaldo would miss World Cup matches.
Mexico Announces it Will Waive Taxes for FIFA and its Partners
Mexican lawmakers approved the 2026 Federal Revenue Law, which exempts FIFA and its partners from taxes during the upcoming 2026 World Cup. The country is instead looking to increase tax revenue from online gambling by raising the tax rate for operators to 50%.
Italy Set to End Its World Cup Drought After Win Over Israel
Italy picked up a crucial 3-0 win over Israel in an October World Cup qualifier, setting them up to end their 12-year drought. The team needs one point —or a loss by Israel —to secure their spot in North America this summer.
World News
DigiPlus Secures Majority Stake in IEC, Merging Digital & Land-Based Gaming
DigiPlus agrees to HK$1.6 billion convertible notes (two tranches) for 53.89% IEC stake, gaining control of New Coast Hotel Manila.
SJM Holdings’ Profit Plunges 91% to HK$9M as Satellite Casinos Exit Macau
The company reported net gaming revenue of HK$6.54B (US$84M), down 6.5%, and total net revenue of HK$7.03B (US$905M), down 6.2%.
Philippines Q3 Gaming Revenue Stays Flat at PHP94.5B Amid Digital Reforms
PAGCOR reports flat annual gaming revenue at PHP94.5B vs last year’s PHP94.6B amid digital reforms, while quarterly figures fell 14.6%.
Sports Betting
FanDuel and DraftKings Planning for Launch of Sports Contracts
FanDuel and DraftKings have both confirmed plans to offer sports prediction markets in the coming months. While limiting the offering to states without legal online sports betting, the launch will violate warnings from several state gambling regulators.
California Court Rejects Tribal Lawsuit Seeking to Ban Kalshi
A California court has rejected a request from three tribes to ban Kalshi’s prediction market platform on their lands, claiming a violation of IGRA. The court held that, because sports contracts aren’t considered gambling, they cannot violate tribal gaming laws.
MLB and Sportsbooks Agree to Limit Micro-Betting Amid Scandal
The MLB has reached a deal with the top US sportsbooks to place new limits on micro-betting after a recent scandal involving two active players. The changes include setting a $200 limit on those wagers and banning them from being added to parlays
Esports
Team Liquid Partners With UNICEF to Help Sustainable Development Goals
Team Liquid has partnered with UNICEF to support global development efforts through streams, in-game activations, and community engagement.
Fnatic Parts Ways with League of Legends Player Mikyx
Fnatic has parted ways with player Mikyx.
FaZE Clan sign jcobbb After Benching EliGE from CS2 Roster
FaZe Clan has benched Jonathan ‘EliGE‘ Jablonowski and signed Jakub ‘jcobbb‘ Pietruszewski for its CS2 squad.
Responsible Gambling News
The Dangers of Truth Social’s Impending Prediction Market Launch
Trump Media has announced it will launch a prediction market platform on Truth Social through a deal with Crypto.com. Those markets will include sports and present some very real dangers for Americans across the US.
NBA World Rocked By Arrests Tied to Illegal Gambling Ring
The NBA world was rocked today when the FBI arrested Chauncey Billups and Terry Rozier as part of an investigation into a larger gambling ring. The investigation took over four years and included four different mafia crime families.
Maryland Study Shows Alarming Spike in Problem Gambling
A study into problem gambling in Maryland showed a large spike since 2022, with two of five residents showing signs of problem gambling or at-risk behavior. The Hispanic and black populations saw the highest rates of problem gambling.
Michael Savio covers the US online casino industry, giving readers insights and information they won’t find anywhere else. He has followed the retail industry since his time living in Las Vegas and has continued to do so as the online industry has taken off. Michael covers everything from online casino reviews to industry news, making him one of the most trusted insiders in the business.
Grant is a former graduate of Virginia Tech, a former NCAA track and field athlete, and an avid sports fan and sports bettor. He aims to provide up-to-the-minute and detailed coverage of headlines in the sports betting industry. Grant joined the professional ranks in 2021 and quickly made a name for himself, working with entities such as Forbes and VSiN and earning a reliable reputation in the industry. When he’s not working, you can find him exercising, walking around the city, or somewhere watching the big game of the day.
Richard Janvrin, a graduate of the University of New Hampshire with a degree in English/Journalism, has been a professional writer since 2015. Specializing in sports, sports betting, and online casinos, Richard began his casino writing journey following the repeal of the Professional and Amateur Sports Protection Act in 2018. Since then, he has crafted various casino-related content, including how-to guides, online casino reviews, bonus/promotion overviews, and breaking news. Richard is dedicated to delivering the most current and precise news in the online casino industry.
Lucas is a New Jersey-born and raised copywriter. His content encompasses casino, software provider, and game reviews, news, and blogs. Lucas’ professional writing experience spans more than six years. He works globally with clients from the US, the UK, New Zealand, Australia, South Africa, and Canada. Before he started writing gambling content, Lucas went to Rutgers University to pursue a bachelor’s degree in psychology. Just to shake things up, he became a painter, following in his father’s footsteps. He now writes full-time and doubles in painting now and then.