The gambling industry in the United States is highly developed. Cities like Las Vegas are famous for their large casinos, offering a wide variety of gambling options. Additionally, lotteries are also popular nationwide with a variety of types available. Furthermore, some regions also allow legal spo
Tilman Fertitta's acquisition of Caesars Entertainment has evolved from rumors to a seemingly inevitable conclusion, but the final gavel on the deal has been slower than the market expected. According to details disclosed last week, a consortium led by Morgan Stanley is forming a financing package o
htmlThis week, the US gambling industry has welcomed several important financial variables, from the change of leadership at the Federal Reserve to the advancement of the encryption bill, and the controversy over the cap on gambling loss deductions. Multiple forces are quietly reshaping the industr
Bragg Gaming, a Toronto-listed online gambling technology provider, announced last Thursday a strategic acquisition aimed at expanding its U.S. footprint and content library. The company will acquire all shares of Drayton International through a stock exchange, with existing Drayton shareholders to
The list of suspects in the American gambling scandal added a new, notable face this week, not an athlete or casino mogul, but a former federal prosecutor who once handled white-collar crime prosecutions. Monica Dillon served as an Assistant U.S. Attorney in the Southern District of West Virginia fo
The Brooklyn Federal Court's plea hearing this week was paused less than 48 hours before it was set to commence. Marves Ferli, identified by prosecutors as a ringleader in the college basketball point-shaving scandal, was scheduled to formally plead guilty on Tuesday, but Magistrate Judge Joseph Mar
An unfinished White House ballroom is bringing the political context of two gambling capitals back into the public eye. Last October, the White House released a list of 37 donors who provided funding for this approximately $250 million, about 90,000 square feet new building, among which Hard Rock In
Resorts World New York, under the umbrella of Genting Malaysia, launched the first batch of gambling tables in New York City history on April 28, but the first report card turned out to be a mixed bag. A research report released by Malayan Banking on Sunday showed that the casino operated 242 gambli
Las Vegas Sands Corp is quietly laying a big game in northern Texas. The company has set up a tech office in the Dallas-Fort Worth area and has intensively posted several positions in recent weeks, including application architects, data engineers, and technical support experts. One of the job listin
The Preakness Stakes is facing an unprecedented existential crisis. Once considered an indispensable middle stop in the American Triple Crown system, this event, with a history of over 150 years, has gradually become a kind of post-event reflection in recent years. A more glaring signal appeared thi
Colorado Senate Bill 26-131 is undergoing a textbook legislative metamorphosis. In mid-April, when this proposal aimed at tightening sports betting regulation passed the Senate with 20 votes in favor and 14 against, the voting results were almost split along party lines—pushed by the Democratic majo
Wynn Resorts CEO Craig Billings faced a challenging task during Thursday's Q1 earnings call – to alleviate market anxieties about the delay of the UAE project while conveying strong growth signals in Las Vegas and Macau. Against the backdrop of a US-Israel joint military action against Iran on Febru
Facing the rapid erosion of the market platform predicted since the beginning of the year, DraftKings released a quite positive signal in its first quarter financial report for 2026 published on Friday. CEO Jason Robins expressed more confidence during the earnings call than in February last year wh
As the legal battles between the prediction markets and traditional gambling industries continue to blaze across multiple federal courts in the US, another more covert but potentially decisive front is quietly advancing in the institutional finance sector. Last month, Kalshi co-founder Luana Lopes L
America's largest online sports betting brand FanDuel officially welcomed a major leadership change on May 6. Flutter Entertainment announced on Wednesday, along with the release of its first-quarter financial report, that Amy Howe, who has been the CEO of FanDuel for over five years, will step down
The Cannabis Policy Institute at the University of Nevada, Las Vegas recently released a report that put Nevada's long-standing regulatory isolation wall on the economic operating table. The study estimates that due to the prohibition of cannabis delivery to hotels and gaming properties, the enforce
When Resorts World, Bally's, and Hard Rock International simultaneously secured casino licenses in Downstate New York in December 2025, the fate of the three operators was firmly tied to the same racetrack. Resorts World took the lead—its Queens-based Resorts World New York officially launched the
