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UK Govt. Confirms Mandatory Levy, Online Slots Cap Incoming
All casino and betting companies operating in the UK will be subject to a mandatory levy that will raise around £100 million (US$127 million) per year to fund problem gambling research and treatment. The Houses of Parliament in Westminster, London, above. The Labour administration has confirmed that the mandatory levy and slash in maximum stakes…
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RSI CEO Says Trump Unlikely to Push New Gaming Regulations
President-elect Trump and his team are unlikely to prioritize fresh gaming regulations and are likely to take a laissez faire approach to the industry. Rush Street Interactive CEO Richard Schwartz believes a second Trump term will be good for the gaming industry. (Image: Rush Street Interactive) That’s the take of Rush Street Interactive (NYSE: RSI)…
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Queens Casino Plan Gains Favor Among Community Boards
A proposed casino hotel project in Queens, NY recently gained some momentum with five local community boards voting in favor of it. A rendering of part of Metropolitan Park. Several Queens community boards are backing the casino plan. (Image: Metropolitan Park) Queens community boards 3, 6, 7, 8, and 9 recently voted in favor of…
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New York Gov. Kathy Hochul Vetoes Bill to Accelerate Downstate Casino Process
Last week, New York Gov. Kathy Hochul (D) vetoed legislation that would have expedited determining which three casino resort bids for the downstate region would win the coveted gaming concessions. New York Gov. Kathy Hochul has vetoed legislation that would have sped up the state’s review of casino bids for the downstate region. Hochul continues…
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Polymarket Blocked in France After $85M ‘Trump Whale’ Win
Prediction platform Polymarket has blocked access to French users as a result of an investigation by ANJ, France’s online gaming regulator. Shayne Coplan, CEO and founder of Polymarket, was the target of an FBI raid a week after the US presidential election. The platform is unregulated and purports not to take bets from US –…
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Wynn Could Have Lengthy UAE Casino Monopoly
Wynn Resorts’ Wynn Al Marjan Island integrated resort in the United Arab Emirates (UAE) is expected to open in early 2027, perhaps several months sooner, and when it does, the casino hotel will enjoy a potentially length monopoly in the emirates. General Commercial Gaming Regulatory Authority (GCGRA) Chairman Jim Murren. He said it will be…
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Odds Good North Dakota Gov. Doug Burgum Will Lead U.S. Interior Department
Last Friday, President-elect Donald Trump confirmed that North Dakota Gov. Doug Burgum (R) will lead the United States Department of Interior (DOI) under his 47th presidential administration. North Dakota Gov. Doug Burgum is expected to lead the U.S. Department of the Interior after President-elect Donald Trump is sworn in next year. Burgum has the support…
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Coquille Tribe’s Medford Casino Takes Giant Leap Forward Despite Widespread Opposition
The Coquille Tribe’s dreams of building a casino in the city of Medford, Ore. have moved one significant step closer after the federal Bureau of Indian Affairs (BIA) issued a final environmental impact statement (FEIS) in support of the plan. Interior Secretary, Deb Haaland has been a champion of indigenous causes, but tribes who opposed…
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Alabama’s Gaming Liberalization Odds Improve With Birmingham Racecourse Sale
The odds of Alabama ending its prohibition of nearly all forms of commercial gambling might have improved this week with the Poach Band of Creek Indians agreeing to purchase the Birmingham Racecourse. Alabama Sen. Greg Albritton (R) was the deciding vote earlier this year that prevented Alabamans from considering a ballot referendum to authorize slot…
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Bally’s Investors Approve Standard General Takeover
Bally’s (NYSE: BALY) announced Tuesday that its shareholders approved a previously announced takeover by Standard General, the hedge fund that’s the biggest investor in the regional casino operator. Standard General founder Soo Kim. The hedge fund’s takeover of Bally’s was approved by investors. (Image: Meet AC/Casino.org) In March, Standard General, which is controlled by Bally’s…
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