MGM Amends Voting Pact With People Inc., Caps Stake at 29.9%
MGM Resorts and Barry Diller's People Inc. agreed to a 29.9% ownership cap, five weeks after People Inc. dropped its bid to take MGM private.
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CFTC Discusses Prediction Market Oversight at NEXTPredict
CFTC officials and prediction market executives discussed offshore regulation, insider trading, and sports integrity at NEXTPredict.
ASA rules betting affiliate ad shown for self-exclusion search was irresponsible
Optival said automated search matching could explain why its betting promotion appeared, but the ASA found its targeting safeguards were insufficient.
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British racing warns of £57m annual funding hit after MGD rise
The British Horseracing Authority has warned that higher machine taxes could trigger betting-shop closures and cut vital financial contributions to racing. Highlights:
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UK gambling industry warns of illegal market risks after MGD increase
A rise in machine games duty from 20% to 25% has prompted warnings over venue closures, investment and the competitive position of licensed gambling businesses.
Study Finds 43% of Children are Gambling, Many With Problems
Of even greater concern was that nearly 40% of individuals who said they had risked money when gambling said that they experienced a form of problem gambling.
UK gambling tax rise adds pressure after Farage Gibraltar talks
Higher machine duty adds to gambling operators’ tax burden after Gibraltar’s lobbying push, while campaigners demand football advertising curbs.
Alberta iGaming Produces Over $2 Billion in Wagers in First Quarter
More than 50 sites — including platforms as big as FanDuel, DraftKings and BetMGM, down to smaller competitors — are licensed in Alberta.
Sphere at National Harbor Wins Final $215M Bond Approval
Prince George's County Council voted 8-0 to approve up to $215 million in bonds for a $1.4 billion Sphere venue next to MGM National Harbor.