Author: newsnet5

Illinois Governor’s Budget Includes Gambling Tax Increase Illinois Governor JB Pritzker has introduced a $57 billion budget plan for the fiscal year 2027, which includes a proposal to raise taxes on gambling operations. The plan aims to generate an additional $120 million in tax revenue by increasing taxes on table games and electronic gambling devices. […]

PENN Entertainment Reaches Agreement with Minority Investors PENN Entertainment has successfully settled its dispute with the activist hedge fund HG Vora Capital Management, resolving ongoing tensions that have affected the company for over a year. As part of the agreement, PENN will expand its board by adding three new independent directors: Heather Ace, Jeffrey Fox, […]

New Bill Proposes Enhanced Transparency for Sports Bettors A new legislative proposal in New York, Assembly Bill A10329, aims to provide sports bettors with thorough insight into their betting activities by granting access to a complete monthly betting history. Championed by Assemblymember Rebecca Kassay, this bill mandates all licensed mobile sportsbooks within the state to […]

Bragg Gaming Group, a prominent provider of iGaming content and technology solutions, has released its preliminary, unaudited financial forecast for the fiscal year 2025. The company anticipates its performance to align with previous guidance, although its cautious projection for 2026 has affected investor confidence, reflected in a share price decline. Steady Financial Results for 2025 […]

DraftKings Adjusts Workforce to Reflect New Business Directions DraftKings is currently undergoing a significant restructuring that has resulted in layoffs affecting several employees. A company representative noted that these changes are part of an effort to realign resources in response to evolving business priorities. Impact of Reorganization on Employees The recent layoffs have touched various […]

UK Considers Ban on Sponsorships from Unlicensed Gambling OperatorsThe UK government is considering new regulations that would prevent sports teams, including Premier League clubs, from partnering with gambling operators that lack proper licensing in the country. This move aims to tackle the rise of illegal online gambling and the risks it poses to players, especially […]

JCM Global Installs Advanced Bill Validators at Gun Lake Casino Resort JCM Global, a prominent leader in transaction and payment technology, has recently upgraded approximately 1,900 electronic gaming machines at Gun Lake Casino Resort in Wayland, Michigan. The casino has integrated JCM’s latest iVIZION bill validator technology to enhance security and reduce fraud risks across […]

Background of the Incident A controversy has emerged involving a Circle K employee named Robert Gawlitza in Scottsdale, Arizona. Gawlitza reportedly discovered a lottery ticket left behind in the store that turned out to be a winner of a $12.8 million prize. Details of the Lottery Ticket Purchase On the evening of Monday, November 24, […]

Matchup Overview Sunday’s AFC Championship at Empower Field in Denver pits the 14-3 New England Patriots against the 14-3 Denver Broncos. On paper this is a classic offense-versus-defense clash: New England enters with a high-efficiency passing attack and a productive run game, while Denver brings one of the league’s most disruptive defenses and a rushing […]

Maine Introduces Legislation Against Dual-Currency Sweepstakes Casinos Lawmakers in Maine are considering new legislation aimed at banning sweepstakes casinos that operate with a dual-currency system. This approach would categorize their core business model as illegal gambling under state law. The bill, known as Legislative Document 2007 (LD 2007), targets platforms that offer casino-like games using […]