(AsiaGameHub) - The well-known gambling streamer, recognized for his strong connections to the crypto casino platform Stake—which he recently suggested he might depart from—has resumed streaming after an extended three-month hiatus. Trainwreck, whose real name is Tyler Faraz Niknam, quickly captured attention with bold remarks about the online gambling industry and his peer content creators. During his return broadcast, the streamer—born in 1990 and raised in Scottsdale, Arizona—stated he believes he has missed out on roughly $2 billion over the last five years by refusing to promote gambling affiliate codes. $10M Loss in Two Days The streamer also invited fellow content creator Adin Ross to join a live call during the stream. The discussion swiftly became uncomfortable when Ross asked to borrow money. Trainwreck declined immediately, stating he had lost more than $10 million in just two days and was unable to offer financial assistance. He noted that although he still views Ross as a friend, he cannot afford to lend money. During the call, Trainwreck was playing high-stakes Pragmatic Play's slot title The Dog House, wagering $1,000 per spin. Adin Ross, however, is familiar with substantial amounts in the gambling industry. He inked an agreement with Rainbet platform in September, which reportedly featured a $50 million signing bonus. Recently, he has focused extensively on gambling-centric content and collaborated with Stake CEO Eddie Craven on multiple streams. Ross is also currently involved in a lawsuit with rapper Drake. They face allegations of unlawfully promoting gambling activities in the state of Missouri. The case was filed in Virginia's federal court and represents part of a broader examination of online gambling promotions by influencers. The two plaintiffs who filed the suit allege that the two popular gambling influencers leveraged their online platforms to promote Stake in ways that went well beyond typical promotional methods, such as featuring the site during live streams and on social media, conducting giveaways, encouraging high-stakes wagering, and showcasing dramatic wins that purportedly motivated viewers to register and gamble themselves. The plaintiffs contend that the advertisements ultimately fostered a misleading impression of minimal gambling risk, while also minimizing the potential for addiction and financial loss. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Washington has become the newest state to initiate legal proceedings against Kalshi, the prediction market platform alleged to offer contracts that constitute illegal gambling under state law. “Each Bet Risks Money” Filed on Friday, March 27, in King County Superior Court by Attorney General Nicholas W. Brown, the lawsuit asserts that the company’s operations breach some of the strictest gambling regulations in the United States. Once again, the case centers on Washington’s definition of gambling: putting something of value at risk on the outcome of a game of chance or a future event beyond an individual’s control, with the expectation of a reward. The complaint states that Kalshi’s markets align precisely with that definition—whether they involve sports, politics, or cultural events. “Each bet risks money, relies in part on chance, and promises a payout to winners,” the lawsuit reads. Washington law permits sports betting only at tribal casinos, making the state one of the most restrictive jurisdictions in the country. Attempt to Recover Residents’ Lost Money This is not Kalshi’s first legal hurdle. Washington joins Massachusetts, Nevada, and Michigan in bringing civil lawsuits, while Arizona has pursued criminal charges against the company. To date, Nevada is the only state where Kalshi has been forced to discontinue specific offerings—including sports-related contracts—following a temporary restraining order. The Washington complaint goes beyond just seeking to halt operations; it also aims to recover money lost by residents who used the platform. Citing the state’s Recovery of Money Lost at Gambling Act, officials contend they have the right to retrieve funds on behalf of users, though no exact figure has been provided. Kalshi’s business model may depend on a legal gray area, as state law includes an exemption for legitimate business transactions like contracts tied to commodities or securities. The statute itself does not explicitly mention event contracts, but its wording allows for interpretation—a point that could become key in court. Additionally, the lawsuit alleges Kalshi profits from trade fees and operates in a manner similar to bookmaking. It further claims the company illegally transmits gambling information online and maintains prohibited records and devices. Looking ahead, Kalshi might attempt to transfer the case to federal court, where it could argue that federal law governs its activities. Similar efforts in other states have yet to succeed. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - A prominent casino in downtown Las Vegas is facing a potential change in ownership after its operators defaulted on significant debt obligations from a major construction loan. $90M Loan Default Pushes Downtown Grand Toward Sale The Downtown Grand Hotel and Casino has been operating under court oversight since the beginning of January. This followed legal action by its lender, Banc of California. The bank initiated proceedings after alleging the casino's owners ceased making interest payments in March 2025 and failed to repay the principal when the loan matured later that year, according to a report from The Las Vegas Review-Journal. According to court documents, a receiver named Paul Huygens was assigned to assume control of the property and manage its daily functions. With financial support from the lender, the receiver has successfully worked to stabilize the operations, guaranteeing the casino and hotel continue to run without disruption. The financial difficulties originated from a loan that was initially over $80 million and later grew to $90 million. This financing was utilized for an expansion project, which involved building a new hotel tower finished in 2020. Even with these capital improvements, the ownership group had persistent challenges in maintaining financial health, with court records indicating they faced difficulties in meeting their financial commitments long before the default occurred. Strong Interest Emerges in Downtown Grand Sale The search for a purchaser is already underway. Informational packages detailing the property have been sent to more than 150 prospective investors. The level of interest seems substantial, as dozens of interested parties have executed confidentiality agreements and are in talks with the receiver's representatives. Nevada's legal framework is likely to be a major factor in drawing buyer interest. State law permits assets under receivership to be sold free and clear of previous debts or legal claims. This process is anticipated to enhance the property's attractiveness by enabling a new owner to acquire it without taking on the previous financial burdens. The subsequent phase requires the court's official endorsement of a defined sales procedure. This will establish bidding rules and qualifications for potential buyers. Although a specific schedule has not been set, the preparatory work indicates a deal could be finalized soon. This scenario highlights the competitive pressures in the downtown Las Vegas market, where established properties often vie with newer, large-scale developments in other parts of the city. Currently, the Downtown Grand continues to welcome visitors, though its ultimate fate hinges on finding a new owner. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Texas lawmakers are gearing up to conduct a thorough review of the explosive growth of prediction market platforms, as Lieutenant Governor Dan Patrick has placed the issue near the top of the Senate’s interim agenda leading up to the 2027 legislative session. Texas Senate to Examine the Rising Clout of Prediction Markets The directive has been issued alongside mounting worries that these platforms, which let users speculate on the outcomes of events ranging from elections to sports matches, may be operating in an ambiguous legal space. While traditional gambling options like casinos and sports betting remain prohibited in Texas, prediction markets have expanded by operating under federal regulatory frameworks that differ from state gambling rules. Patrick has tasked the Senate’s State Affairs Committee with looking into how these platforms operate and whether they circumvent existing restrictions. Lawmakers are expected to evaluate how event-based contracts are offered, and if they bear similarities to betting activities prohibited under state law. The move reflects increasing unease among state officials about the potential impacts on election integrity and public trust. Per the directive, the Senate should explore how these markets could affect political processes if users are able to wager on election results. Concerns also extend to sports, where similar structures could mirror traditional betting despite existing bans. Texas Sees Expanding Discussion Over Regulating Emerging Betting Models Texas offers a unique context for this debate. The state has long pushed back against efforts to legalize most forms of gambling, and Patrick himself has opposed proposals to expand gaming access. This restrictive stance has made the rise of prediction markets even more noticeable, as they provide an alternative path for speculative activity that does not fall under current prohibitions. Lawmakers are also set to investigate how federal oversight of derivatives and financial instruments overlaps with state-level gambling rules. The goal is to determine whether additional legislation is needed to close what officials describe as loopholes that allow these platforms to operate. Beyond identifying potential risks, the Senate committee will be asked to put forward policy recommendations. These could include stricter regulations, clearer definitions of what counts as gambling, or new enforcement tools designed to limit access to such platforms within Texas. The issue is gaining traction beyond the state. At the federal level, policymakers have already begun discussions about whether prediction markets should face tighter controls when tied to sensitive topics like government actions or national security. As Texas prepares for its next legislative session, its examination of prediction markets signals a broader push to update existing laws to match emerging digital platforms. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Federal Judge Tanya Walton Pratt turned down the National Collegiate Athletic Association’s (NCAA) application for a temporary restraining order intended to stop DraftKings from utilizing trademarks linked to the NCAA’s basketball tournaments. Judge Rules in Favor of DraftKings Last week, the NCAA submitted a complaint requesting that a federal court order DraftKings to cease using terms like March Madness, Final Four, Elite Eight, and others in relation to the 2026 college basketball tournaments. DraftKings has employed several widely recognized terms to refer to the NCAA Tournament for more than five years, and it is legally allowed to keep doing so. Judge Pratt determined that the NCAA had not sufficiently demonstrated that it would suffer irreparable damage from DraftKings’ ongoing use of its trademarks. Timing was a critical factor in the ruling, as the court pointed out that DraftKings has been using the contested terms for over five years. This aspect undermines the NCAA’s claim of urgency. Per the court, this delay in acting weakened the argument for immediate intervention, creating a major obstacle for the association’s legal challenge at this point. It’s important to note, though, that the judge’s decision did not dismiss the NCAA’s wider claims. Judge Pratt also observed that the organization might still win on the substance of its trademark case as the legal proceedings move forward. The ruling means that DraftKings can keep using the terms for the time being, but the final result could still be in the NCAA’s favor over time. The case is still ongoing in the Southern District of Indiana, where the NCAA is currently getting ready to pursue its claims via the discovery process and possibly a jury trial. However, DraftKings will retain the right to use the disputed terms for the rest of the 2026 tournaments. What Was DraftKings’ Response? In a prior statement made when the NCAA first filed its complaint, DraftKings described the contested terms as “the widely recognized names for the tournaments and their rounds, used by millions of college basketball fans, journalists, and those involved in the sports-betting industry.” The company also noted that these are the same terms used by other online sportsbooks, none of which have been the subject of the NCAA’s complaint. DraftKings also criticized the NCAA’s request for a restraining order, stating it is based on a “contrived and manufactured ‘emergency.’” Additionally, DraftKings pointed out that the NCAA maintains a commercial partnership with a firm that supplies in-game data to sportsbooks. In other recent updates about DraftKings, the company has just launched a new product called DK Replay, initially available in Oregon. DraftKings promotes this new offering as an exciting and innovative way for MLB fans to engage in betting. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - NetEnt has announced some exciting news, as the studio releases the third entry in its hit Dead or Alive online casino slot series. The newest game is available now, and the infamous Bounty Hunter is back once more to claim his rewards. Dead or Alive 3: Wanted builds upon the foundation of its predecessors, boasting updated graphics, smoother animations, and improved gameplay packed with additional signature features. Dead or Alive 3 Online Slot Metrics Rows: 5 Reels: 5 Paylines: 21 Volatility: High Min/max bet: 0.10/14 Max win: 66,666x Gunning for Top Dollar in Dead or Alive 3 Slot Machine The new slot sticks to the familiar theme of a semi-outlaw mercenary who decides to hunt down other shady figures, taking on the role of the Bounty Hunter – the toughest character around. Dead or Alive 3: Wanted is OUT NOW! And this Bounty Hunter is comin' in hot to collect hashtag#NetEnt hashtag#DeadOrAlive3Wanted hashtag#WantedWilds hashtag#SuperFreeSpins 18+ | Please gamble responsibly | https://t.co/V7Sle07agQ pic.twitter.com/JKFDeicCsL— NetEnt (@NetEntOfficial) March 26, 2026 The game uses a five-by-five slot grid and has a 96.03% RTP rate, which is typical for a high-volatility slot game. As you might anticipate, the maximum payout is substantial too—66,666x the size of your maximum bet. However, the odds of hitting this top prize are roughly 1 in 4.9 million spins. The game also includes a buy-in feature, a bonus mode, and an impressive cinematic opening that shows a burning train stranded in the wilderness. Get Ready to Hit Some Big Wins with Wanted Wilds and Random Multipliers This slot is packed with fantastic boosters that enhance the gameplay experience. The Wanted Wilds symbols assign a random multiplier between 2x and 100x, while Bounty Wilds let you collect all multipliers from the symbols they land alongside. Landing 3 or more scatter symbols unlocks 10 free spins, and you can retrigger these spins for even more chances to win. There’s also the possibility of hitting a super scatter, which grants super free spins. Free spins activated by 4 and 5 scatters offer a 50x or 2,500x multiplier (respectively) based on your bet amount. Additionally, the Elevate feature lets you purchase extra in-game perks to boost your overall playing experience. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - During today's reading of New Zealand's new gambling bill, concerns raised by community groups, spearheaded by an opposition MP, regarding comprehensive player safety measures were discussed. Labour politician and party spokesperson, **Lemauga Lydia Sosene**, has emerged as a central advocate for ensuring that community benefits are a significant component of New Zealand's online gambling laws. Sosene and the community organizations she championed secured a victory late last year when the government committed to implementing a compulsory 4% levy on online casino profits, earmarked for public investment, with a future review to consider increasing this rate. The Labour MP now appears to have achieved another success, as her advocacy for robust measures to reduce gambling harm seems to have prompted the New Zealand government to prioritize this aspect in the forthcoming bill, which cleared its penultimate parliamentary stage today. The bill now requires only its third reading approval before receiving Royal Assent, at which point it will be enacted into law and establish the framework for a multi-licence online casino market in New Zealand. Following a review of the current version, which was voted on today, March 27, policymakers have suggested several amendments to strengthen problem gambling regulations before the bill proceeds to another vote. Specifically, clause 39 mandates that operators implement all reasonable measures to minimize the risk of harm from online gambling. The proposed amendment suggests that these measures be directly linked to the procedures outlined in the regulatory framework, thereby preventing any undue confusion. Additional assurances regarding the government's commitment to safeguarding vulnerable populations were recently provided by **Paul James**, Chief Executive Officer of the **New Zealand Department of Internal Affairs**. "We are striving to achieve a balance between effective measures for detecting, preventing, and minimizing harm, while simultaneously ensuring that the regulations are not so stringent as to impede gambling operators' effectiveness, and that New Zealanders feel secure in their decisions to engage with our non-extended gambling options," James stated. "An incorrect balance would lead individuals to resort to the black market, leaving New Zealanders to gamble without any assistance or safeguards," he added. New Zealand is getting ready to issue 15 online gambling licenses by the close of this year, with the **Online Gambling Bill** anticipated to receive Royal Assent and establish the framework for the new market on May 1. Under the proposed schedule, applications for online casino licenses will commence on December 1, with the 15-license market slated to become operational on July 1, 2027. Presently, international gambling firm **Entain** holds an exclusive sports betting license through a franchising agreement with local operator **TAB NZ**. The company has previously indicated its intention to secure three of the 15 available licenses, a move that would provide it with a significant edge in a market abundant with cross-selling prospects. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Betting technology company BoscaSports has broadened its UK capabilities through an acquisition, finalizing terms to acquire video streaming firm 2DB. The Irish firm is specifically focusing on the retail betting sector, noting that the transaction will further solidify its position as a technology provider to licensed betting offices (LBOs). The financial details of the acquisition, such as the purchase price, remain unconfirmed. Nevertheless, Allied Irish Bank (AIB) is backing the move with a loan facility. BoscaSports claims the deal will double its workforce while enhancing its retail and online capabilities. The Irish Times, however, reported that the merged entity is expected to generate €4m (£3.4m) in revenue. “This acquisition is a transformative move for BoscaSports,” said Eugenee Mitchell, the firm’s Chief Executive Officer. “Combining our capabilities with 2DB’s integrated video streaming and data solutions greatly strengthens our technology infrastructure, our distribution network, and the value we can offer to racecourses, operators, and bettors globally. “We take pride in being an Irish tech success story and are thankful for the support from AIB and RMG as we enter our next growth phase.” Two sectors at a crossroads BoscaSports already has a significant presence in the UK retail betting sector. Key partners of the company include Flutter Entertainment’s Paddy Power, the UK Tote Group, William Hill and Britbet. The company is also a partner to numerous racecourses, with its retail displays used at 86 different tracks across the UK and Ireland. Prominent UK partner tracks include the iconic Ascot Racecourse in Berkshire. “We’re thrilled to announce that 2DB has been acquired by BoyleSports,” said 2DB Managing Director, Steve Boffo. “This is an ideal cultural and strategic fit, and we’re prepared to immediately deliver for our team and customers.” Yet, both British retail betting and horse racing find themselves in a unique and potentially fragile position in 2026. Regarding the former, there have been steady decreases in UK retail betting participation and gross gaming yield over recent years as more individuals shift to online options. For instance, UK Gambling Commission (UKGC) data shows a 2% drop in retail GGY in 2025. There are also ongoing rumors of shop closures, with Paddy Power, one of BoscaSports’ clients, confirming the closure of 257 UK and Irish shops last year. Racing, on the other hand, has faced challenges with fan engagement and attendance for some time, along with the sport’s governing body. As the sport’s finances remain strained, the British Horseracing Authority (BHA) continues to voice dissatisfaction with the government’s choice to maintain the Horseracing Betting Levy at 10%. Nonetheless, retail betting and horse racing received some relief in last year’s government budget. Horse racing was completely excluded from the tax increases announced by Rachel Reeves, Chancellor of the Exchequer, while retail betting will be exempt from the rise in General Betting Duty from 15% to 25% next year. There will certainly be ripple effects from the doubling of online gaming duty to 40%, which has already manifested in the cancellation of racing betting sponsorships, rumors of additional shop closures, and even sales – such as that of William Hill owner evoke. Still, AIB’s support for BoscaSports’ acquisition of a UK betting tech brand might indicate that some analysts perceive a ray of hope for both the British and Irish retail betting market and horse racing sectors. “At AIB, we are proud to back Ireland’s homegrown technology companies as they expand globally,” said Pat Horgan, AIB’s Head of Business Banking – Capital Markets. “Their innovation fuels economic growth, creates high-value jobs, and reinforces Ireland’s status as a top global technology hub. “Bosca Technologies embodies this ambition, showing how cutting-edge innovation, strong strategic partnerships, and a global focus can achieve success on the international stage.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Gambling.com Group has announced a significant leadership reshuffle, with co-founder and current Chief Operating Officer Kevin McCrystle stepping into the Chief Executive Officer role. McCrystle will succeed fellow co-founder Charles Gillespie, who will transition to the firm’s Executive Chairman position. Slated for mid-May, the transition will conclude Gillespie’s 20-year tenure as CEO— a period during which he guided the company from its 2006 founding to its current status as a publicly traded global business. In that time, Gambling.com has evolved into a technology firm spanning performance marketing and sports data services, operating in more than 20 regulated markets. Michael Quartieri, Lead Independent Director, called Gillespie “one of the longest-serving and most successful CEOs in the history of the online gambling industry”. “Under Charles’ guidance, Gambling.com Group has gone from a mere concept to the first publicly traded online gambling affiliate in the U.S.— now a large, highly profitable global marketing and data services business that has engaged millions of consumers and serves hundreds of online gaming companies,” he said. “As Executive Chairman, Charles’ expertise and direction will still benefit the company— including through his active role in evaluating strategic M&A opportunities and keeping the company at the forefront of the AI revolution. “On behalf of the Board of Directors, we sincerely thank Charles for his 20 years of exceptional service as our first and only CEO, and we look forward to his continued contributions in his role as Executive Chairman.” In his new role as Executive Chairman, Gillespie will stay deeply involved in the company’s strategic direction— including mergers and acquisitions and its ongoing AI focus. McCrystle, who co-founded the company with Gillespie, has served as COO since 2007 and overseen key revenue-driving functions like product, marketing, content, sales and technology. He has also played a pivotal role in the company’s geographic expansion— including building its European operations in Ireland and subsequent growth in the U.S. The board stressed that the leadership change represents continuity rather than a strategic shift, with Quartieri noting Gillespie and McCrystle have worked “in lockstep” since the company’s inception. A new era for Gambling.com The leadership reshuffle comes as Gambling.com enters what it describes as a new growth phase, fueled by the expansion of its sports data services and the increasing role of AI in its operations. In remarks accompanying the announcement, McCrystle highlighted the company’s evolution through multiple stages— from startup to international expansion to public listing— and framed the transition as part of a larger shift toward long-term growth. He explained: “With our fast-growing sports data services business, the ongoing diversification of our marketing business and the power of AI rapidly changing how we operate, it’s clear we are now in a new growth execution phase. “As we continue to implement our strategic initiatives, I am energized to take on the CEO role and lead the entire company with our founder-driven values to best position Gambling.com Group for long-term growth.” The change also comes just weeks after the Nasdaq-listed business released its FY25 results, reporting a year-over-year revenue increase of over 30% to $165.4m (£124.5m). Adjusted EBITDA climbed 19% to $58m, and the business— which now employs hundreds of staff— said it expects 2026 revenues of $170m-$180m, with EBITDA between $50m-$58m. The modest EBITDA growth may have contributed to dampened investor confidence, as Gambling.com’s share price has dropped around 10% since results were released on March 12— falling from $4.35 to $3.93. Despite the leadership shift and stock decline, Gambling.com said its core strategy remains intact, centered on expanding its dual focus on marketing services and sports data. The company operates a portfolio of consumer-facing brands, including Gambling.com, Bookies.com and Casinos.com, alongside data and analytics platforms such as OddsJam, OpticOdds and RotoWire. Leadership remains confident in growth through its brands, and record Q4 revenue of over $35m supports that confidence. On his move from CEO to Executive Chairman, Gillespie added: “I have spent my entire adult life building Gambling.com Group with Kevin, and I look forward to continuing to work closely with him as we enter the next phase of the company’s growth. “As we keep growing our sports data services business, reinvent our marketing business and embrace an AI-driven future, now is the right time to refresh our leadership team and give our most talented leader full reins to drive all parts of the business.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Acknowledging the necessity of navigating a shifting gambling landscape, the Swedish government has named a new Director for Spelinspektionen. Peter Knutsson is set to take charge of Sweden’s gambling sector as the newly appointed Director General of the national gambling authority. Starting August 17, he will replace Johan Röhr, serving a six-year term that concludes in August 2032. Bringing a wealth of experience in political affairs, Knutsson previously held the position of Sweden’s Advertising Ombudsman. Before that role, he served as Head of Unit at the Ministry of Finance. Furthermore, he possesses over 20 years of leadership experience, utilizing his legal background to provide extensive insights into consumer legislation. His professional history includes time at the European Commission and advisory roles for the Swedish Financial Supervisory Authority. Niklas Wykman, the Minister for Financial Markets, congratulated his colleague, emphasizing the importance of bolstering the domestic gambling market with Knutsson’s specific expertise. “The Swedish gambling market should be characterised by high security and strong consumer protection. Spelinspektionen has a major responsibility in this regard,” he stated. “I am pleased that Peter Knutsson, with his deep knowledge of consumer issues, has accepted the role of Director General.” New leadership for a pressured market Knutsson was welcomed by his new colleagues at the regulatory body. Both the Spelinspektionen Board and the outgoing Director expressed their commitment to collaborating with him to improve the Swedish gambling market. Madelaine Tunudd, Chairwoman of the Board, remarked: “With the solid experience Peter Knutsson has from, among other things, the Ministry of Finance, consumer affairs and most recently the Advertising Ombudsman, this will be very good for the authority.” Tunudd recently advanced within Spelinspektionen, ascending from the Vice Chair position she occupied since 2019 to the Chair role following the retirement of her predecessor, Claes Norgren. Meanwhile, Röhr stated his readiness to assist Knutsson as he assumes his new position, aiming to ensure a seamless transition that does not disrupt the regulator’s daily operations. “I welcome the government’s decision on a new Director General for the Swedish Gambling Authority, and will ensure that Peter Knutsson receives a good introduction in my handover as acting Director General,” Röhr concluded. Spelinspektionen has a busy year approaching. A prohibition on credit gambling takes effect on April 1, and later, the regulator will receive enhanced powers to combat offshore operators targeting the Swedish market more effectively. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - The British government is working to alleviate the financial strain on charities addressing gambling harm as they navigate a new, and at times contentious, funding system. According to the Department for Culture, Media and Sport (DCMS), which oversees gambling regulation in the UK, the statutory research, education, and treatment (RET) levy has generated nearly £120 million in its inaugural year. This substantial amount is earmarked specifically for research into, prevention of, and treatment for gambling-related harm. However, the transition from the previous funding arrangements to the new model has posed difficulties for some charitable organizations. To address these challenges, the DCMS has established a three-month transition grant fund. This grant will be accessible to UK charities focused on gambling harm from April 1 to June 1, 2026. In instances where the DCMS makes a decision after April 1, charities will be permitted to submit claims retroactively. Charities will be required to meet specific eligibility criteria to be considered for a grant. Eligible organizations must have been engaged in 'relevant activity' in March 2026 to support service users in England. Furthermore, they must have previously applied for and been unsuccessful in securing funding from the gambling levy through either the Gambling Harms Prevention VCSE Grant Fund or the Gambling Harms Treatment VCSE Grant Fund. The purpose of this grant is to cover staffing costs and associated overheads necessary for the continued operation of charity services. Capital expenditures, defined as any spending that results in the creation or improvement of an asset valued at over £2,000, are not eligible for funding. Organizations have until April 30, 2026, to submit their grant applications. Charities navigate a controversial shift The levy was a key component of the Gambling Act review, replacing the former system where operators voluntarily contributed 1% of their revenue to GambleAware. GambleAware then managed the commissioning of RET projects nationwide. Invoices for the statutory levy were first issued by the UK Gambling Commission (UKGC) on September 1, 2025, with a payment deadline of October 1, 2025. The levy is now an annual obligation for licensed operators, with invoices dispatched on September 1 each year. However, the introduction of the levy has not been without controversy, and several charities have expressed concerns regarding the long-term viability of the UK's gambling harm research, education, and treatment system under the new funding structure. NHS England, which is undergoing restructuring, has assumed responsibility for treatment funding. The Office for Health Improvement and Disparities (OHID) will oversee prevention efforts, and UK Research and Innovation (UKRI) will manage research initiatives. GambleAware ceased operations earlier this month, as its commissioning functions have been effectively transferred to the NHS. The charity had long advocated for the establishment of a statutory levy, but with itself retaining the lead role in commissioning. Various charitable organizations voiced alarm at these changes when the Gambling Act review White Paper was published in April 2023, and have continued to do so. For instance, the Gambling Lived Experience Network (GLEN) shared some frustrations on LinkedIn just last week. However, the organization did offer some commendation for OHID, describing its performance as significantly better than that of NHS England and UKRI. Is there any going back? Regardless of the opinions held by charities, it appears that the statutory levy is a permanent fixture. Even if the government were to reconsider its position, such a significant undertaking would require considerable time to reverse. The process of commissioning services is also well underway. In Scotland, the devolved government has begun allocating its £7.9 million share of the UK-wide gambling levy. These funds will be distributed among the NHS, local authority partners, and the third sector, which includes charities. Scotland's Public Health Minister, Jenni Minto, stated: “Gambling harm is a significant issue affecting far too many people in Scotland. It impacts not only individuals who gamble but also their families, relationships, communities, and society as a whole. “We are already working diligently with partners to mitigate this, and these awards represent a major step forward. This funding will support a variety of projects and programs for individuals dealing with what is often an unseen issue. “Data indicates that over two percent of Scottish adults – more than 90,000 individuals – may be problem gamblers. The funding provides a balanced approach across the third sector, including community and voluntary organizations, and services delivered through the NHS and local authorities.” The largest beneficiaries include the RCA Trust (£1 million), Public Health Scotland (£967,000), NHS Greater Glasgow and Clyde (£926,000), Fast Forward (£561,000), Citizens Advice Scotland (£450,000), and Simon Community Scotland (£445,000). Other recipients are Gambling With Lives (£124,000), Charity Space Scotland (£47,000), Scottish Ambulance Service (£45,000), Young Scot (£30,000), and Dundee and Angus College (£52,000). The RCA Trust, the largest recipient, offers counseling services for individuals affected by gambling-related harm and other conditions such as drug and alcohol abuse. Andy Todd, a spokesperson for the charity, commented: “The funding provided by the Scottish Government will be crucial for the ongoing delivery of prevention, education, training, treatment, and support for those impacted by gambling harms across Scotland. “With gambling harms now being addressed through a public health model, we look forward to collaborating with partners to reduce harms by expanding service provision, decreasing stigma, and working with lived experience perspectives to integrate policy and practice among frontline staff.” The distribution of gambling harm treatment funding in Scotland follows the Welsh government's announcement of how its share of the RET levy funds would be allocated nine months prior. However, there is still no confirmation regarding how funds will be utilized in England. Overall, the government anticipates raising between £90 million and £100 million annually from the levy. According to the DCMS, this target was exceeded in its first year, yet there remains no clarity on how these funds will be spent in England, the UK's largest nation. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Smoking continues to be allowed on all 13 casino gaming floors in Missouri. Legislators have reintroduced House Bill 1618 in the state's General Assembly, which seeks to mandate smoke-free settings in casinos. The legislative cutoff is rapidly nearing, however, making it entirely possible the bill will lack the time to advance. Furthermore, a comparable proposal in Kansas has already been defeated, contrary to earlier expectations that it would become law. Missouri’s Smoke Ban in Casinos is Stuck in Endless Discussion Focusing on Missouri, the state presently permits indoor smoking in casinos due to a specific exemption in its 1993 Clean Indoor Air Law. House Bill 1618 (HB1618) seeks to change this by removing that exemption. The legislation still has a long journey ahead, particularly as the Jefferson City legislature nears its adjournment for 2026. Earlier this year, prospects for HB1618 looked considerably brighter, as it was launched with support from both parties. The bill, written by state Rep. Bruce Sassmann (R-Montgomery), is co-sponsored by two fellow Republicans and four Democrats. After receiving two readings on the House floor in January, the bill still awaits assignment to a committee for first review. With the Missouri General Assembly scheduled to adjourn on May 15, however, the likelihood of prohibiting casino smoking this year seems low as the clock winds down. Debate on HB 1618 appears to have been delayed partly due to other gambling matters legislators have addressed in recent weeks. For instance, a new bill to regulate slot machines just barely passed the House last week. This action is part of a wider state initiative to manage "gray market" slot games. Indeed, Missouri Attorney General Catherine Hanaway has already begun pursuing illegal gambling machines, with a particular focus on video lottery terminals (VLTs) that have existed in a legal gray zone. Anti-Smoking Bills in Kansas Fail In the neighboring state of Kansas, Senate Bill 176 has already met its end. The bill aimed to modify the Kansas Clean Air Act of 2010 to eliminate secondhand smoke from the state's four casinos. Kansas Senate Bill 176 has seen no movement since February, when it was sent to the Senate Committee on Federal and State Affairs. The committee created the measure at the request of state Sen. Mike Thompson (R-Johnson). A related proposal in the Kansas House of Representatives, supported by Casino Employees Against Smoking Effects, has similarly stalled. House Bill 2252 has remained inactive for weeks in the House Committee on Health and Human Services. While the Kansas Legislature does not adjourn until April 10, both SB176 and HB2252 are currently defunct after missing the state's crossover deadline of February 19 to move to the opposite chamber. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Live casino products provide limitless opportunities for operators in the U.S., as stated by Mor Weizer, Chief Executive Officer of Playtech, during an interview with SBC News. Shortly after Playtech released its full-year 2025 results, Weizer told us that the Group will stay focused on expanding the live casino market in the U.S., even though the product has lower adoption rates than in many other global regions. “We see the U.S. as a huge opportunity,” he noted. “Live casinos are indeed very popular in Asia, and they’re also well-received in some other markets—there are countries where live casino makes up 25-30% of total gaming activity. “In the U.S., as you rightly noted, adoption rates are still limited to around 17%. However, we see this as a chance because we are confident that the U.S. market’s fundamentals will enable significant growth in live casino. “As we stated earlier today, live casino customers generate 1.8 times more revenue than regular casino players, which creates a cross-selling opportunity for operators to expand live casino offerings in the U.S. further.” A Global Shield Against Tax Burdens The Americas region overall has been a critical contributor to Playtech’s financial performance over the past year, particularly as the company undergoes a rapid transition to a B2B-focused business. However, a notable point from the FY25 report was that B2B costs rose while B2B revenue declined year-over-year (YoY). When asked if Playtech can reverse this trend in 2026, Chris McGinnis, Chief Financial Officer, noted that revenue was affected by the updated agreement with Caliente International, but costs are projected to increase at a slower pace this year, and profits are expected to return to growth alongside this. Looking ahead, this year is set to bring higher tax burdens in several of Playtech’s key markets, including Brazil and the UK. Nevertheless, the company’s management is confident that Playtech can weather these challenges due to its diversified portfolio. McGinnis explained: “The most significant impact for Playtech has been in the UK, where the government announced an increase in the Remote Gaming Duty. We issued a statement indicating that this would have a major effect on our business. “But we remain optimistic. Playtech is geographically diversified, so even with tax hikes in the UK and other regions, we are still confident that we will continue to grow.” Weizer further emphasized: “We have a strong presence in other markets such as Italy, Spain, France, Poland, Romania, and the Scandinavian region. This broad diversification means we are well-equipped to handle any regulatory changes that may arise.” Finally, Playtech confirmed that it is exploring several new markets to boost its diversification, specifically Finland, New Zealand, and Ireland. All three nations are currently implementing major regulatory changes. Finland is working to end its state-run gambling monopoly with operator Veikkaus by June 2027, New Zealand is set to launch its first online gambling licenses, and Ireland has a new gambling regulator that will reshape the country’s domestic market. Weizer concluded: “Finland is adopting a new regulatory framework that will allow operators to enter the market openly. We view this as a chance to deepen our partnership with Veikkaus. “We also have existing Scandinavian partners who are eager to enter the Finnish market as soon as the regulatory changes take effect. “New Zealand, meanwhile, is currently unregulated but is considering introducing regulations. Playtech is seeking to partner with operators that are likely to establish themselves there, including both B2B partners and structured agreement partners. “As for Ireland, they are also revising their regulatory framework. We see this as an opportunity due to our strong connections with individuals who have access to the Irish market.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Despite ongoing discussions about marketing budget reductions, sports sponsorship activity within the global betting and gaming sector shows no signs of deceleration. The past fortnight has seen a new surge of agreements spanning motorsport, football, baseball and sports data. This Sponsor Spotlight examines the worldwide platform of Formula 1, explores various football agreements throughout Europe, and ventures across the Atlantic to identify which iGaming operators are establishing a presence in the US market and their specific locations. Allwyn races to the forefront of Formula 1 Following a successful inaugural season, Formula 1 has prolonged its collaboration with Allwyn via a new multi-year contract. The agreement capitalises on Formula 1's sustained international expansion, with the sport now reaching 827 million supporters and a total television viewership of 1.8 billion. The refreshed partnership prioritises enhancing fan interaction through digital and interactive initiatives. A significant enhancement involves Allwyn's incorporation into the F1 Predict platform, enabling fans to predict race results through the newly created "Allwyn League", with rewards including grand prix tickets and Paddock Club entry. The brand will also achieve greater exposure during formation laps, representing one of the most prominent segments of a race weekend. This development follows a momentous period for the UK's National Lottery operator, encompassing the release of its financial results, finalisation of its OPAP merger, and exceeding the £450 million investment threshold for National Lottery modernisation. Tipico scores in the nation of its headquarters Tipico Group has entered into a multi-year contract with the Malta Football Association, securing status as an official partner of the national squad. Departing from conventional sponsorship models, this arrangement focuses on employer brand development, specifically promoting Tipico's recruitment platform and drawing local expertise in technology, finance and business positions. The collaboration encompasses branding on team kits, stadium promotions and digital media, all designed to boost recognition among Malta's labour pool and reinforce Tipico's standing as a permanent employer in what has become a favoured location for iGaming companies. PureWager goes in to bat for Baltimore Orioles PureWager Group has entered the US professional sports arena via a sponsorship agreement with the Baltimore Orioles. This designation establishes PureWager as the sole sports betting partner of the baseball organisation and involves establishing the PureWager Pavilion at Oriole Park, Camden Yards, conceived as a communal area for supporters. The deal coincides with PureWager's preparations to debut its wagering and online casino platform in the United States, with intentions to expand into numerous states after an initial launch in Michigan. Eurobet.live taps into ‘second screen’ trend with AS Roma Eurobet.live has secured a multi-year sponsorship with AS Roma, assuming the role of the club's principal shirt sponsor until the 2028/29 campaign. The collaboration is notable for its emphasis on infotainment over conventional sportsbook marketing, seeking to comply with Italy's stringent advertising restrictions. Eurobet.live will assume a pivotal function in AS Roma's digital content approach, generating matchday material, interviews and social media elements. The agreement targets the "second screen" demographic – supporters who interact with statistics and content whilst viewing matches. Veikkaus sponsor capitalises on a Scandinavian niche Finnish National Lottery operator Veikkaus Oy has been appointed principal partner of this year's men's Floorball World Championships, hosted in Finland. Finland's men's team enters the competition as defending world champions, having secured the title in Sweden during 2024. The sport has surged in popularity throughout Scandinavia, with final weekend tickets already exhausted, as Veikkaus seeks to leverage this momentum through sponsorship and broaden brand recognition before significant industry reforms in Finland. Spotlight rankings: Who’s standing out? 1: Formula 1 / Allwyn Viewed globally, this partnership is particularly prominent. Combining Formula 1's extensive reach with Allwyn's expanding sporting footprint, it unites two substantial organisations on a worldwide platform. Both entities have also experienced recent international expansion. 2: PureWager / Baltimore Orioles Entering the US sports market via an MLB franchise provides PureWager with a robust foundation for establishing brand recognition before a broader rollout. 3: Eurobet.live / AS Roma Italy's wagering market ranks as Europe's second-largest, and the revised regulatory structure has been well received. Gaining exposure through a prominent Serie A club represents a shrewd strategic decision. 4: Tipico / MFA While Malta stands among the globe's most significant gambling centres, its domestic market remains relatively modest by European standards due to the country's limited population. Nevertheless, preserving positive relationships with local sporting partners is always advisable. 5: Veikkaus Oy / Floorball Finally, Veikkaus' most recent sponsorship initiative does not match the scope of other agreements examined here. Nonetheless, it aligns perfectly with the company's reputation as a socially conscious operator, potentially offering significant advantages when Finland liberalises its market to additional licensees in 2027. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - The World Series of Poker (WSOP), a poker powerhouse established by Benny Binion, and ESPN have announced a new streaming agreement on Thursday, confirming that the world's most prestigious and popular poker event will once again be broadcast on the network. ESPN to Bring Top-Tier Poker Action to Fans This multi-year streaming partnership will begin with the 2026 edition of the event, scheduled to start on July 2, 2026, and will continue through the final table, which is set to take place from August 3 to August 5, 2026. Details of the agreement have been released, indicating that coverage will feature three tables running concurrently for the Main Event, which is widely considered the most engaging and rewarding competition on the schedule. Commenting on this significant development, Ty Stewart, CEO of the World Series of Poker, expressed his enthusiasm, calling it an excellent opportunity to provide poker enthusiasts with a more dynamic viewing experience. “It’s with great pride that the WSOP is coming home to ESPN. The legacy of this partnership helped the game explode, and we can’t wait to deliver inspiration through world-class content to a new generation of viewers,” Stewart stated. The WSOP Main Event is anticipated to be one of the most significant in its history. Last year's event saw a total prize pool of $90.5 million, distributed among over 9,735 participants. This figure represented the third-largest Main Event in the series' history, but Stewart is optimistic that the event will surpass all previous records. However, travel restrictions imposed by the Trump administration may have negatively impacted the participation of international players. Despite these challenges, the WSOP continues to maintain its cultural relevance, with various developments surrounding the brand. For instance, Phil Hellmuth, who holds 17 WSOP bracelets, recently suggested that the number of bracelets awarded annually should be reduced, arguing that the proliferation of events diminishes the value of the original bracelets. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Tom Armenti, president and CEO of Fat Shack Inc., launched his venture after graduating from college, using $5,000 in winnings from online poker. His optimism was initially dampened by construction estimates that ranged from $150,000 to $200,000. “There’s No Way I Can Do This” “I recall thinking, ‘There’s no way I can do this,’” Armenti stated in an interview with Business Insider’s Katherine Tangalakis-Lippert. Instead of abandoning the idea, he devised a solution. Rather than constructing a new restaurant, he borrowed space using his poker winnings. In 2010, he introduced Fat Shack by operating out of a local bagel shop at night, after the business had closed for the day. The initial phase was challenging due to a lack of on-site storage; consequently, he stored ingredients in freezers in his garage and transported only the necessary inventory for each day. Although the setup was less than ideal, the unique arrangement proved successful, as students began placing orders, spreading the news, and keeping the phone lines busy. Soon after, he decided to relocate the business to Fort Collins, Colorado, attracted by the significantly larger student population, and in 2011, he opened the first full-fledged Fat Shack location. The Shark Tank Effect The business took off in the first week, with further growth following shortly, prompting him to open a second location in Boulder with a close friend. The experimental franchise was also a hit, convincing the two friends that the concept was scalable. By 2015, they had established the first official franchise locations, often managed by individuals who had previously worked within the company. A significant milestone occurred four years later when the company appeared on Shark Tank, securing the founder a deal with Mark Cuban for $250,000 in exchange for 15% equity. Thanks to the publicity, sales experienced another surge, inquiries flooded in, and the company expanded rapidly, reaching 30 locations and generating approximately $20 million in annual revenue. Despite this success, the restaurant industry has grown more competitive due to shifting consumer habits and rising competition, forcing Fat Shack to make a difficult choice: remain true to its identity or adapt by offering healthier options. They chose the former. “There’s no way we could reinvent ourselves as a health brand,” Armenti remarked. The chain continues to prioritize value, enlarge portion sizes, and maintain stable pricing. To this day, the founder remains hands-on, frequently working in the stores alongside his staff. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - A new collaboration between Kalshi and ARK Invest is propelling prediction platforms into the mainstream of professional investing, as companies seek enhanced tools to forecast an increasingly uncertain future. This partnership will offer an alternative perspective to conventional forecasting techniques, harnessing the wisdom of the crowd to collect signals that traditional models often fail to capture. Prediction Markets Deliver Distinctive Insights ARK plans to test how these signals integrate into its research process. The firm, known for leveraging emerging technologies, will use prediction markets to gather an additional layer of information that complements its existing tools. Analysts aim to monitor contracts tied to economic indicators and industry trends to identify investment patterns that support their decision-making. Part of this work is already in progress. ARK has been observing Kalshi markets—such as those focused on productivity and the federal deficit—in initial studies. Researchers are looking to determine whether real-time probability pricing can detect turning points faster than traditional analysis. The continuous price fluctuations linked to these indicators may help investors precisely track current market expectations. “We believe these signals can enhance our research process and provide valuable context around key drivers across disruptive sectors, helping investors make more informed decisions.” Cathie Wood, ARK Invest founder, CEO, and CIO However, there are some ongoing concerns. Liquidity varies across contracts, and not every market attracts enough participation to generate reliable signals. Crowd behavior could also skew prices, especially in thinly traded areas. Even so, the trend is clear: firms like ARK are now using prediction markets as a valuable tool to supplement their existing earnings models and economic forecasts. Kalshi Targets Mainstream Acceptance This kind of institutional use could be a significant boost for Kalshi’s legitimacy as a mainstream financial platform. It transforms real-world uncertainty into tradable contracts, with pricing that reflects collective judgment. Rising interest from professional investors has validated Kalshi’s expansion efforts in how markets are created and distributed as the company aims to deliver a mature, established product. “As institutional adoption of prediction markets grows, Kalshi is seeing increased demand for a formal market request pipeline to help investors leverage the wisdom of the crowd.” Tarek Mansour, Kalshi CEO The ARK partnership follows a similar deal with Tradeweb Markets in February. The company is integrating Kalshi’s probability data into its trading ecosystem to complement more familiar indicators like rates and credit spreads. This addition should give portfolio managers another metric to gauge potential risk and make informed decisions. Together, these two deals show how institutions have adjusted their approach to information. The prediction market system is quickly becoming part of established workflows that handle real capital at scale. Such growing interest reflects rising confidence that probability-based markets can uncover nuances traditional analysis sometimes overlooks. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - The British Horseracing Authority (BHA) has announced the appointment of Helen Bryce as its new General Counsel and Company Secretary, effective from 1 August 2026. This appointment is part of a significant restructuring of the governing body's leadership during a crucial time for UK racing. Bryce will oversee all legal, compliance, risk management, and corporate governance operations, providing counsel to both the Executive and the Board on legal and statutory duties. Her promotion signifies an internal progression, as she joined the BHA in 2017 and currently holds the position of Head of Legal and Governance. Before her tenure at the BHA, Bryce spent ten years at Bird & Bird, where she served as a senior associate in their technology, media, and sport division, developing expertise in intricate regulatory and commercial matters. She succeeds Catherine Beloff, who is leaving the organisation after more than a decade. During her time, Beloff managed two major governance reviews and established an independent judicial panel, contributing to the modernisation of the BHA’s regulatory framework. Bryce expressed that it is a "huge privilege" to join the BHA at a pivotal moment for UK racing. She stated, "The BHA has a critical role to play in safeguarding the integrity and future of British racing. Maintaining the highest standards of corporate governance, legal compliance and transparency is fundamental to that mission. “I look forward to working closely with colleagues and stakeholders across the industry to ensure that our policies and procedures not only meet regulatory expectations but also reinforce trust and accountability across the sport.” BHA heads to negotiation table Her appointment occurs amidst broader executive changes within the BHA. In March, Brant Dunshea officially took on the permanent role of CEO, having previously led the organisation on an interim basis following Julie Harrington's resignation in 2025. Concurrently, the BHA is continuing its search for a new Chair, following the unexpected departure of Lord Charles Allen in February. His six-year term concluded amidst reported disagreements with stakeholders and racing bodies regarding governance direction. The selection of a new Chair is considered vital. The BHA is preparing to enter negotiations with the Department for Culture, Media and Sport (DCMS) and bookmakers, represented by the Betting & Gaming Council (BGC), concerning the future funding model for the horseracing levy. The redesign of the levy was notably excluded from the scope of the UK Gambling Review, a decision that has escalated tensions with bookmakers, some of whom have indicated they might withdraw from racing if terms are unfavourable. Against this backdrop, Bryce's appointment is viewed as a move to bolster the BHA's legal and governance capabilities in anticipation of complex regulatory discussions. Prominent figures, including Matt Hancock, Ben Wallace, and HR veteran Julia Tyson, have already been mentioned as potential candidates for the vacant Chair position. Commenting on the appointment, Dunshea remarked, “Helen has made a valuable contribution to the BHA and to British racing over a sustained period, demonstrating not only astute legal judgement but also a deep understanding of the governance challenges facing modern sport. “At a time when the BHA must engage in complex discussions on funding, regulation and long-term sustainability, her expertise will be central to ensuring that we meet our statutory responsibilities while maintaining the confidence of participants, stakeholders and the public.” He further added, “Her leadership will be instrumental as we navigate a period of structural change for racing, ensuring that our regulatory framework remains robust, transparent and fit for purpose.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - Brazil’s tax authority, the Receita Federal (RF), projects a substantial increase in tax revenue from licensed online gambling by 2026. This projection comes after a reported 235% surge in taxes collected in Q1 2026 from the 87 active licenses within the Brazil Bets market, according to SBC Noticias Brazil. The federal government collected R$2.5bn (£350m) in taxes related to betting between January and February, a significant rise from the R$756m (£108.4m) gathered in the corresponding period of 2025. January alone contributed R$1.49bn, with February yielding R$1.04bn. Analysts have suggested a possible seasonal dip in February, potentially linked to the Carnival festivities. This sharp increase is attributed to the ongoing maturation of Brazil's regulated betting framework, which is now in its second year of full operation under Law No. 14,790/2023. Market growth has been a primary factor, with the number of fully licensed operators growing from 49 at the start of 2025 to 87 by February 2026, leading to improved channelization and tax collection. New fiscal measures were approved by Congress at the end of 2025 through Law No. 224/2025, introducing a gradual increase in the Gross Gaming Revenue (GGR) tax. The rate is set to rise from 12% to 13% in 2026, with a goal of reaching 15% by 2028. According to RF Secretary Robinson Barreirinhas, the initial phase of this incremental adjustment is anticipated to generate an additional R$260m in tax revenue solely in 2026, bolstering the government's confidence in betting as a reliable source of fiscal income. Based on current trends, the RF estimates that tax income from betting could range between R$11bn and R$13bn by the close of 2026, provided that sustained player demand supports the incremental tax increases. This represents a steady year-on-year growth from the R$9.95bn collected in 2025, rather than an exponential leap. Fuel to political fires For policymakers, this trend highlights a broader objective: to strike a balance between revenue generation and regulatory oversight as Brazil continues to refine its gambling framework amidst political discussions regarding the social implications of gambling. The Brazil Bets market is also undergoing several governance changes as it enters the spring season. In March, the PT government appointed Dario Durigan as the new Secretary of the Ministry of Finance and the Economy, following Fernando Haddad's acceptance of the PT Party's nomination to run for governor of the State of São Paulo. Concurrently, Daniele Cardoso has been confirmed as the new Secretary of the Secretariat of Prizes and Bets (SPA), the federal body responsible for regulating Brazil’s betting market, concluding months of industry speculation. Collectively, the fiscal growth and the institutional changes signify a market transitioning rapidly from its launch phase to policy consolidation, as Brazil Bets continues to develop under increased political and regulatory scrutiny. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - The American Gaming Association (AGA) has seen a decline in its membership at a time when the trade group and the industry are facing pressure from multiple fronts. The offshore gambling market continues to operate, sweepstakes casinos have faced challenges but are persisting, and significantly, the prediction market sector has experienced substantial growth, posing a threat to the interests of traditional sportsbook businesses. The Clash Between Traditional Businesses and Prediction Markets Interestingly, it is this latter development that has led to a division between the AGA and its members, with DraftKings, FanDuel, Fanatics Betting & Gaming, and now bet365 withdrawing from the organization. While no party has publicly detailed their reasons, the fact remains that the AGA's adversarial stance towards prediction markets has coincided with a stated interest in the sector by major sports betting companies. DraftKings and FanDuel relinquished their licenses in Nevada to focus on their prediction market endeavors elsewhere, each launching a dedicated platform, with Fanatics subsequently following suit. This naturally raises the question: Is Bet365 planning to launch its own prediction market platform? The possibility exists, though there have been no official indications thus far, with bet365 not being registered with the National Futures Association, for example, nor having submitted an application to do so. However, even if bet365 is still exploring the option, this does not preclude the company from eventually entering the space. Prediction markets are widely regarded as the next significant business opportunity for sports betting companies, with both DraftKings and FanDuel maintaining a generally optimistic outlook for their future in this area. These companies have expressed cautious skepticism that prediction market platforms would ultimately undermine the sports betting sector, asserting that they represent a distinct market segment. Meanwhile, state regulators, attorneys general, and members of Congress have continued to pursue actions against the sector. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.