作者： nicole

Kenneth Morton, Group Chief Financial Officer at Allwyn International, firmly asserts that no competitor can rival the company's history of generating cash, especially following the completion of the OPAP merger this week. (AsiaGameHub) -   The leadership of Allwyn International is convinced it has developed the most compelling investment proposition in the worldwide gambling sector, having become a publicly traded entity through its merger with OPAP. As of market close on Tuesday, March 24, Allwyn was operating as the globe's second-biggest lotteries and gaming firm, solidifying its standing among the premier publicly listed gambling companies. This deal will bring together Allwyn International and OPAP, the established operator of Greece's national lottery and retail betting network – representing the conclusion of a half-year strategic initiative to redefine the group's financial and corporate profile. Generating value within a transformed Allwyn Fundamentally, the updated Allwyn identity is characterized by its ability to generate cash, its extensive scale, and its operational consistency, all while strengthening its role as a major benefactor to charitable initiatives across its operational regions. Nevertheless, for Group CFO, Kenneth Morton, who provided an exclusive interview to SBC News after the merger's completion, the narrative goes far beyond mere size, encompassing elements of trust, distinctiveness, and enduring value generation. “We are not newcomers to this sector,” Morton stated, highlighting Allwyn’s long-standing collaboration with Athens-listed OPAP. “OPAP's investors are already familiar with our achievements. Overall shareholder returns have surpassed 500% since 2013.” Kenneth Morton, Allwyn CFO – Source: Allwyn He further noted that this strong performance stems from rigorous execution, which includes a twofold increase in OPAP’s EBITDA over the last half-decade. Significantly, this proven history has fostered substantial investor confidence in the recently merged entity, evidenced by over 93% of OPAP shareholders maintaining their investments. “We have generated considerable wealth for them – and that reputation is vital as we present the Allwyn narrative worldwide,” he remarked. Reimagining the lottery concept Morton has characterized Allwyn as a unique entity, standing apart from other publicly traded gambling firms. Originating in the Czech Republic with SAZKA, the group has developed into what he terms a singular presence within the industry – an operator that has successfully established a novel category by expanding and updating the lottery framework across various territories. “Our business is quite distinct,” he commented. “We have constructed something previously non-existent – a large-scale, lottery-focused platform.” This distinctiveness stems from a blend of robust retail presence, advanced digital capabilities, proprietary technological solutions, and growing content integration. The collective goal is to broaden the appeal of lotteries within today's entertainment environment. A core element of Allwyn’s investment argument is its capacity to provide both expansion and returns for shareholders – a equilibrium that Morton contended is unparalleled in the industry. He added: “Since 2019, we have virtually trebled the business's size across all key indicators. Concurrently, we have produced substantial cash flow and distributed considerable dividends.” According to Morton, this dual achievement reinforces Allwyn’s attractiveness in equity markets: “That represents a truly persuasive and appealing offer.” During his discussion with SBC, he characterized the company as an uncommon instance of a gaming enterprise that can expand its operations while simultaneously upholding financial prudence and providing steady returns. Diversification as a core strength Diversification stands as another key advantage of Allwyn’s updated PLC structure, especially pertinent amidst unpredictable and fluctuating market environments. “Among gaming stocks, we are among the most diversified,” Morton stated. “This is a significant benefit – both for mitigating risks and for future growth opportunities.” In contrast to operators with heavy reliance on individual markets or product categories, Allwyn’s multi-market, multi-channel framework offers a more stable earnings foundation while allowing agility to pursue fresh expansion prospects. The transformed Allwyn Moving forward, the company's aspirations reach far beyond Europe. Although OPAP and other European assets form a solid base, Morton pinpointed North America as a crucial strategic area for the operator, in addition to developing prospects in South America. He elaborated: “The gaming industry is seeing growing returns to scale. Competition is no longer solely against other betting providers – it's for consumers' time and finances against the broader global entertainment sector.” Within this landscape, triumph hinges on scale, technology, content, and brand – domains where Allwyn is assured it has already forged a substantial competitive edge. Notwithstanding the magnitude of the merger, Morton emphasized that the company's leadership perceives this transaction not as a conclusion, but as the commencement of a fresh chapter. “This is likely the most thrilling transaction we have undertaken,” he stated. “It positions us at a truly promising juncture in the group's evolution.” Allwyn’s attention now turns to implementing its subsequent phase of expansion. “We have established a robust foundation,” Morton concluded. “The objective now is to elevate the business to its next stage.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. 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(AsiaGameHub) -   Gun Lake Casino Resort, a prominent casino in Michigan located in Wayland, has celebrated another significant win, marking the third occasion in five months that a jackpot exceeding $300,000 has been awarded. The casino confirmed this latest payout, with senior VP and general manager Brian Desorah reporting that the winner received their prize from the Ultimate Texas Hold’em game. This marks the first instance in 2026 of a table game jackpot reaching this substantial amount. The two preceding jackpots, both of which surpassed $500,000, were won on slot machines. The occurrence of two such large slot winners is understandable given that Gun Lake Casino Resort features over 2,500 slot machines, providing patrons with a wide selection. Desorah commented that the recent three jackpots awarded within a five-month span represent the most impressive streak he has witnessed in his thirty years of experience in the gaming industry. 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 review of TrainwrecksTV’s reported net worth reveals figures that may cause confusion. One report indicates a streaming deal valued at $360 million, spanning a period of 16 months. In a separate claim, the streamer asserts he is owed between $3 billion and $5 billion by a major international gambling company, a figure that is, to say the least, highly unlikely. Now, TrainwrecksTV has shared a new perspective on his financial decisions, stating that he could have generated up to $2 billion by incorporating affiliate codes into his streams but ultimately chose not to. Trainwreckstv returns after a 3-month hiatus and immediately goes on a rant about gambling streamers pushing affiliate codes pic.twitter.com/YkhWGi3Hei— ClipX (@ClipXClipX) March 24, 2026 Trainwrecks previously broadcast on Twitch, but was compelled to transition to Kick following Twitch's platform-wide gambling ban in 2022. Kick is widely recognized as being supported by the proprietors of Stake.com, and the platform has emerged as a significant global streaming entity, offering an alternative to Twitch. Trainwrecks elaborated that by refraining from using affiliate codes, he estimates he forfeited the opportunity to earn $2 billion. The streamer attributes this decision, in part, to ethical considerations regarding the use of affiliate codes, though observers note that he is reportedly compensated by at least one casino with which he collaborates. Recently, there appears to have been a rift between TrainwrecksTV and Stake, with the streamer hinting at a "streamers’ revolution." TrainwrecksTV seemed to express dissatisfaction with the platform, claiming he “played a role in its creation” and was now allegedly not receiving adequate compensation for his contributions. Furthermore, over the years, TrainwrecksTV has been documented as claiming involvement in the platform's establishment, at times suggesting co-ownership, although the company's official Wikipedia entry lists him as a "backer." 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) -   Banijay Group has outlined an ambitious growth strategy to achieve €10bn (£8.65bn) in revenue by 2029, following two major transactions. The France-headquartered entertainment conglomerate confirmed that its acquisition of Tipico Group and the merger of Banijay Entertainment with All3Media will reshape its business portfolio across content, live events, and gaming.  Both transactions are anticipated to conclude in 2026, pending regulatory approvals. On a pro forma basis, the expanded group is projected to generate approximately €7.4bn in revenue, €1.6bn in adjusted EBITDA, and €1.2bn in adjusted free cash flow. Chief Executive Officer François Riahi characterized the company’s recent advancements as a “step-change” in its positioning. “With a significantly strengthened platform spanning content, live, and gaming, we are constructing an unmatched global entertainment powerhouse, ideally positioned to seize long-term industry growth and consolidation opportunities,” he stated.  “The signing of these two transformative deals marks a pivotal step in our development. We are transitioning to a stronger, more robust, and cash-generative platform.  “Building upon this momentum, our revised outlook reflects both the strength of our platform and our confidence in delivering sustained growth, strong cash generation, and long-term value creation for our shareholders. By 2029, driven solely by organic growth, we will be a roughly €10bn revenue group.” Banijay’s gaming focus Gaming will occupy a central role in the new structure, making up over half of the group’s EBITDA, propelled by the integration of Tipico. The company will merge its Betclic brand—one of the most prominent in its home market—with Germany’s Tipico, forming a company projected to generate over €3bn in revenue. Banijay anticipates robust growth across both core divisions – Banijay Gaming and Banijay Entertainment – by 2029. The gaming business is projected to grow at approximately 10% annually, while the entertainment segment is expected to achieve steady mid-single-digit growth. Overall, the group aims for over 7% annual EBITDA growth, along with double-digit earnings per share growth. This strategy reflects a broader shift toward integrating content and betting, enabling Banijay to monetize its intellectual property across various channels, such as digital and live experiences. A recent media expansion Tipico anticipates generating approximately €100m in synergies over time, while the All3Media merger is projected to add an additional €50m within the first year post-completion. The latter transaction was announced just at the beginning of this month—only days before it published its full annual results. Banijay and RedBird IMI have agreed to merge the London-based business with Banijay Entertainment in a 50-50 joint venture. This is poised to create one of the world’s largest independent content producers, as evidenced by the figures it would have hypothetically generated in 2024. On a pro forma basis, the combined group would have generated over €4.4bn in revenue and €690m in adjusted EBITDA. In addition to growth, the group is indicating a focus on shareholder returns, with plans to gradually increase dividends over the next four years. It also plans to distribute a €400m special dividend upon completion of the All3Media transaction, subject to shareholder approval. Looking forward, Banijay’s strategy centers on three priorities: organic growth, unlocking synergies across its expanded operations, and selective acquisitions. The company also intends to invest in AI and technology to drive product innovation and enhance user engagement. Plans in a heavily regulated jurisdiction Banijay stated that its 2026 guidance is largely aligned with its longer-term targets, with mid-to-high single-digit EBITDA growth anticipated, though this will be marginally lower following the impact of tax hikes in France. Retail sports betting taxes in France have risen to 42.1%, online sports betting taxes from 54.9% to 59.3%, and online poker is now taxed at 10% of GGR (up from 0.2% of stakes).  There have also been discussions about regulating online casinos, which would presumably also face heavy taxation. Banijay’s revenue increased by 10% to €1.59bn in 2025, and while this remains an impressive figure compared to some, the company still has a distance to cover to reach the 11-digit mark, especially amid these headwinds.  However, with the ongoing integration of Tipico and All3Media, it has further diversified and believes it is now better positioned to navigate the ever-evolving industry and deliver growth over the coming years. 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) -   National Basketball Association owners have indicated their readiness to consider the addition of new franchises to the league's current 30-team structure. During the NBA Board of Governors meeting held on March 24-25, when votes were cast, the cities of Las Vegas and Seattle were prominently mentioned as the most probable candidates for expansion. “I think Seattle and Las Vegas, in terms of their history and support of NBA basketball, are unique in terms of available markets in the US right now,” NBA Commissioner Adam Silver stated, further elaborating, “No knock on any other markets. Those are just the markets we’re focused on.” No Surprise The prospect of NBA expansion has been a topic of discussion for years, with growing momentum. While the official process has now commenced, the outcome remains uncertain. For Seattle, this potential expansion carries significant emotional resonance, given the city's experience of losing the Seattle SuperSonics in 2008, when the team relocated to Oklahoma City and became the Oklahoma City Thunder. Fans in Seattle have been anticipating the return of NBA basketball ever since. Local support has remained strong, and the city continues to be one of the largest US markets without a professional basketball team. Concurrently, Las Vegas has steadily evolved into a major sports destination, partly due to the NBA hosting its Summer League there for many years, establishing it as a crucial event for players, coaches, and executives. The presence of established teams like the Raiders and the Golden Knights in the city suggests that the addition of an NBA franchise would be a logical progression. Exploratory Phase  However, expansion is not yet guaranteed, as the league has only authorized an exploratory phase. This means that prospective ownership groups must now submit comprehensive proposals, detailing plans for arenas, financial structures, and long-term viability. The NBA will also assess the broader implications of expansion, including how the addition of new teams might affect player distribution and competitive balance within the league. Expansion fees are anticipated to be at least $6 billion per team, with industry insiders and ESPN projecting figures ranging from $7 billion to $10 billion. If approved, the new teams could potentially begin play as early as the 2028-29 season. Furthermore, the addition of two Western Conference teams would necessitate the relocation of one existing franchise to the Eastern Conference to maintain conference balance. Cities such as New Orleans, Memphis, or Minnesota are among those that could be considered for such a move. 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) -   In a heartfelt letter emailed to employees, The Lodge Card Club in Round Rock, Texas stated it would “close indefinitely”. As a result, the card room had to lay off all its staff due to ongoing legal pressure from authorities.  The club was first shuttered on March 10 when the Texas Alcoholic Beverage Commission (TABC) carried out a controversial raid during which it seized various items of alleged evidence and froze assets. “Incredibly Difficult Decision” Well-known poker pros Doug Polk, Andrew Neeme, and Brad Owen count among the club’s owners, with Polk, Jake Abdalla, and Jason Levin serving as majority owners and Neeme and Owen as minority investors. In what he called “the hardest message I’ve ever had to write”, Levin formally announced that the poker room would remain closed and all employees would lose their jobs.  “While no charges have been filed, and we stand by the club’s history of operating with complete integrity and within Texas law, the Williamson County District Attorney’s Office has made it clear to our attorneys that they believe The Lodge’s current business model violates Texas law,” the letter stated. “For this reason, we can’t reopen. Doing so would risk another raid by authorities, seizure of additional cash and assets, and possible arrests,” Levin added plainly. Levin also noted they’d received no “indication” about when the investigation might conclude, leaving them with “no other viable path forward at this time.” “As a result, we have no choice but to make the extremely tough decision to lay off our entire team. We hope you know how much each of you means to us, and as we hold out hope for a favorable outcome, if we’re ever able to reopen, we plan to welcome you back with open arms,” Levin reassured staff. “You Made This Place What It Was” “Each of you helped turn that vision into reality. From front desk staff to porters, dealers, managers, and production team, every detail, every interaction, every long day and late night combined to create something truly special. You made this place what it was—not the building, not the brand, but you,” Levin added. The raid and subsequent closure were rooted in Texas’ gambling regulations and the “social poker club” model, which lets poker clubs operate in a gray area by offering peer-to-peer games instead of traditional gambling. Rather than taking a cut of pots, these clubs charge either hourly seat rental fees or memberships. PokerNews has obtained, however, an affidavit alleging the now-shuttered club is linked to several potential violations, including organized criminal activity, money laundering, and illegal gambling. The document states approximately $1.35 million in deposits were marked as “suspicious”. The same was true for several financial transfers between business-related accounts. Additionally, the document references an undercover operation in which agents visited the club and played poker multiple times.The investigation will continue without a clear end date. Meanwhile, The Lodge’s sister location in San Antonio remains open. 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) -   Malta is weighing a new regulatory move that could position it at the leading edge of a fast-growing digital finance segment. The government has launched an assessment of how to roll out a legal framework for prediction markets, a sector that is gaining momentum and attracting rising attention from both investors and regulators. Malta Looks Into Regulating Prediction Markets to Drive Innovation Economy Minister Silvio Schembri noted that authorities are examining how these platforms can be governed to support new ideas while upholding robust oversight. Per local media outlet Lovin Malta, he stated that prediction markets represent a promising opportunity, as long as they operate within a structured, transparent legal environment. Prediction markets let participants trade based on the results of real-world events ranging from political elections to economic indicators and sports outcomes. This model turns forecasting into a tradable asset category. The concept has gained popularity in the United States in recent years, where platforms have recorded notable growth. Kalshi is one of the leading players in the space, operating under regulatory supervision and reaching a valuation in the multibillion-dollar range. Alongside competitors including Polymarket, the sector notched up tens of billions of dollars in trading volume in 2025, a figure that underscores its growing scale and appeal. Malta Targets Robust Compliance in the Rapidly Expanding Prediction Industry Despite this growth, the legal standing of prediction markets remains ambiguous in many regions. Across the European Union, rules vary from country to country, and there is no harmonized framework to govern this activity. Some jurisdictions have put restrictions in place, while others are still evaluating whether these platforms should be classified as financial instruments, gambling services, or a hybrid of the two. Malta’s focus on the sector follows a familiar pattern. The country established itself as a trailblazer in online gaming regulation, and later rolled out early legislation for blockchain and cryptocurrency businesses. These moves helped attract international firms and cement its reputation as a hub for digital innovation. Officials are now exploring whether a comparable approach could work for prediction markets. By setting clear rules, Malta could provide companies with legal certainty and access to the wider European market. The government’s stance makes clear that user trust and investor protection will remain core to any future framework. The timing is opportune, as global demand for prediction-based trading continues to rise. While discussions in Malta are still in their early stages, the initiative signals an intent to anticipate industry trends rather than react to them after they have already taken hold. 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 UK government has decided to maintain the Horserace Betting Levy at its current rate following the completion of a long-anticipated review. However, the decision has drawn criticism from racing organizations. UK Maintains 10% Levy on Horse Racing Bets Ian Murray announced the decision in Parliament, sharing the findings from a review conducted by Baroness Twycross. Ministers determined that the existing 10% levy on bookmakers' profits from British horseracing will continue without immediate changes. This levy applies to operators earning over GBP 500,000 ($667,878) from bets placed on domestic racing. The Horserace Betting Levy Board uses these funds to support breeding, veterinary research, and overall sport development. Last year, revenues amounted to GBP 108 million ($144.2 million), a slight increase from the previous year. According to the government, stability within the broader gambling sector was a significant factor in this decision. Recent adjustments to betting duties were cited as reasons to avoid further regulatory shifts. Officials also rejected proposals to extend the levy to cover bets on international racing, stating that the current system adequately reflects the connection between bookmakers and British racing. UK Horse Racing Faces Funding Concerns Amid Policy Dispute Horse racing is a vital component of the UK’s sporting heritage, attracting substantial crowds and international attention through major events like the Grand National and Royal Ascot. Ministers emphasized their ongoing support for the sport and highlighted initiatives aimed at improving governance, race scheduling, and animal welfare. However, the response from the British Horseracing Authority has been negative. Chief executive Brant Dunshea voiced disappointment with both the duration of the review and its outcome. He noted that the sport had spent years collaborating with policymakers and presenting evidence that its betting-related financial returns are insufficient to cover escalating operational expenses. Dunshea also drew attention to a difference between Britain and other prominent racing countries, observing that nations like France and Ireland generate a larger portion of betting revenue for their racing industries. In contrast, he argued, the actual financial benefit to British racing remains low. The BHA also expressed concerns regarding regulatory measures such as affordability checks for gamblers. Dunshea cautioned that stricter regulations could drive bettors to unregulated markets, which would decrease funding for racing and also affect tax revenues. The government maintains that ongoing collaboration between the betting and racing industries is crucial for long-term viability. Nevertheless, the recent decision appears to have heightened tensions, with industry leaders urging a reconsideration of policies they believe will significantly impact the sport's financial future. 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) -   Americas Cardroom Pro Ebony Kenney has achieved the distinction of becoming the most accomplished female player in Triton Poker history, continuing her impressive performance at the elite levels of the game. Kenney's ascent in the Triton arena has been characterized by consistent achievements. She made a significant breakthrough at the 2022 Triton Super High Roller Series, securing a 5th-place finish in the $200,000 Coin Rivet Invitational, which earned her $1.7 million—a notable sum for a woman in poker history. Following this success, she achieved another 5th-place finish in a $25,000 event, earning $240,500. More recently, in 2025, she secured a runner-up position in a $15,000 High Roller, taking home $614,500. Throughout her career, Kenney has amassed over $3.3 million in live tournament winnings, demonstrating a consistent presence in high-stakes competitions. She has also been among the pioneering women to participate in Triton's most exclusive invitational tournaments. Now, she is focused on building upon this success. Kenney has successfully bagged chips and is positioned in 10th place heading into Day 2 of the $40,000 Mystery Bounty, remaining a strong contender for another deep run. “Ebony continues to raise the bar—not just for women in poker, but for everyone competing at the highest level,” stated Americas Cardroom CEO Phil Nagy. “She’s proving, again and again, that she belongs in the biggest games in the world.” Day 2 was scheduled for Friday, March 20, 2026. 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) -   Two Pennsylvania bettors have filed a far-reaching lawsuit targeting some of the nation’s most well-known sportsbook operators. The Public Health Advocacy Institute (PHAI) at Northeastern University’s law school submitted a complaint in Philadelphia claiming that platforms run by DraftKings and FanDuel are not just places to place wagers—they’re intentionally designed systems meant to keep users betting for as long as possible. Plaintiffs Claim Sportsbooks Use Predatory Tactics The lawsuit centers on so-called microbets, which let users place quick, frequent wagers during live games. Plaintiffs argue these products blur the line between entertainment and compulsive behavior. The two Pennsylvania residents behind the suit—Christopher Sage and Terry Thompson—shared personal stories of their slide into addiction. What started as occasional betting soon turned into an unending flow of in-game prompts, odds boosts, and personalized offers. According to the filing, both men had “VIP hosts” who stayed in direct contact and offered various incentives, even as one plaintiff tried to quit gambling. The lawsuit asserts the platforms must be held responsible for these practices. Instead of continuing to stuff their pockets with billions of dollars in annual revenues, the perpetrators of this devastation must be held to account. Andrew Rainer, PHAI Litigation Director Sage and Thompson argue that sportsbook platforms are inherently built to exploit behavioral tendencies using customer-specific data, algorithmic targeting, and frictionless payment systems. Attorneys highlight tools like push notifications that trigger during key game moments and one-click wagering as features that encourage impulsive decisions. The NFL Is Also Named as a Defendant The case goes beyond the two sportsbooks. Data firm Genius Sports is listed as a key defendant, accused of providing the real-time statistics that enable microbetting on a large scale. The company has a significant market presence: its official data feeds support most U.S. sports betting markets and underpin everything from player prop bets to live odds updates. Perhaps the most notable detail is the inclusion of the National Football League as a defendant. The league is one of Genius Sports’ top shareholders and benefits directly from the growth of in-game betting. Defendants face accusations of violating Pennsylvania consumer protection law, along with claims ranging from negligence to intentional infliction of emotional distress. Following in the footsteps of the tobacco industry, the online sports gambling industry has developed a highly addictive, difficult-to-resist product that bombards consumers with dozens of betting opportunities every minute of the day. Andrew Rainer, PHAI Litigation Director Plaintiffs’ attorneys draw parallels between the current gambling industry and past legal battles against the tobacco industry. They argue gambling companies have followed a similar playbook: using research, marketing, and product design to maximize engagement while downplaying risk. If the case moves forward, it could shed light on how betting platforms are designed and the relationships between leagues, data providers, and operators. 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 horse racing industry has voiced its disapproval following Gambling Minister Baroness Twycross’ confirmation that the Horserace Betting Levy will not be increased. Labour Minister Ian Murray delivered the update to the House of Commons on the Baroness's behalf, noting that the decision reflects racing's vital role in the UK's economy and sporting heritage. Consequently, horse racing remains the sole sport benefiting from a government-enforced levy, set at 10% of the annual gross profits for bookmakers earning over £500,000 from British racing wagers. These funds are overseen by the Horserace Betting Levy Board (HBLB) to support breeding, scientific research, and veterinary training. The levy generated £108m in 2025, an increase from the £105m recorded in 2024. Baroness Twycross identified two primary factors for maintaining the current rate, starting with the broader gambling tax adjustments outlined in the 2025 Autumn Budget. Chancellor Rachel Reeves previously revealed that Remote Gaming Duty will jump from 21% to 40% this April, while General Betting Duty (GBD) is set to rise from 15% to 25% in April 2027. While these hikes impact online operators, British horse racing is excluded from the GBD increase, keeping its rate at 15% alongside the existing 10% racing levy. Additionally, the government declined to expand the levy to include international racing, keeping the focus strictly on domestic British events. Officials argued that the current levy, combined with commercial prospects, ensures a sufficiently strong future for the relationship between the betting and racing sectors. The announcement referenced findings from a review initiated by the previous administration, which concluded in April 2024. “The Government remains a firm supporter of racing. We back efforts to modernize governance, update the fixture calendar, and enhance horse welfare,” stated Baroness Twycross, adding that they will continue collaborating with the BHA and other stakeholders. BHA expresses opposition The British Horseracing Authority (BHA), the sport's governing body, has made its frustration with the decision very clear. BHA CEO Brant Dunshea criticized both the duration and the conclusion of the process, stating it was disappointing that a three-year review resulted in no change to the rate. Dunshea noted that the industry participated in discussions in good faith, providing evidence of the widening gap between the costs of staging races and the revenue received from betting. He also suggested a shift in the government's position, pointing out that the Department of Culture, Media and Sport (DCMS) appears to have moved away from its earlier stance. Prior to the Budget, the DCMS had cautioned the Treasury that racing would see little benefit from a tax carve-out unless it was paired with a levy increase. Dunshea questioned why the DCMS now considers a rate change unnecessary just months after that warning. He warned that the industry faces significant challenges, including post-pandemic attendance issues, a stagnant levy, and the implementation of affordability checks from the Gambling Act Review White Paper. He suggested that if the government refuses to raise the levy, it should at least halt the introduction of affordability checks that could jeopardize the sport's financial future. The BHA also disputed the government's perspective on returns, claiming the sport receives less than 3% from the gambling sector, compared to 7.7% in France and 8.4% in Ireland. This decision may further strain the link between racing and betting, which was already under pressure during last year's tax debates, despite the BHA's ongoing cooperation with firms like Flutter Entertainment. Internal friction is also reportedly rising among major stakeholders like the BHA, the Jockey Club, Arena Racecourse Company (ARC), and the Racecourse Association (RCA) regarding the sport's strategic direction. 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) -   Yesterday’s Mega Millions drawing did not produce a new jackpot winner. However, it did create two new millionaires, as players in California and New Jersey won seven-figure sums. California Player Took $2M, New Jersey Player Grabbed $3M During Tuesday’s Mega Millions drawing, lottery enthusiasts competed for a chance at the $60 million jackpot (cash option of $27 million). While no one managed to win the game’s top prize, this outcome is to be expected, given that two Mega Millions jackpots have already been won this month. Nonetheless, Mega Millions continued to distribute prizes, with multiple players securing smaller winnings—including two prizes exceeding one million dollars. For context, the winning numbers in the March 24 drawing were 4, 13, 52, 53, and 69, along with the gold Mega Ball 10. Two separate players narrowly missed the jackpot by matching all regular numbers but not the Mega Ball. As a result, one of these players—a ticket holder in California—won $2 million using a 2X multiplier. The other player, a lottery participant in New Jersey, won $3 million thanks to their ticket’s 3X multiplier.    Meanwhile, three distinct players won the game’s third-tier prize. One of them claimed $30,000 due to a 3X multiplier. The remaining two took home $40,000 and $50,000 with multipliers of 4X and 5X, respectively. Additionally, the Mega Millions jackpot has now reached $70 million for Friday’s drawing, with a cash option of $31.5 million. Two Mega Millions Jackpots Were Won in March The first Mega Millions jackpot of 2026 was claimed on March 10 by a lucky player in Illinois, dubbed “Lucky Lady,” who won $536 million. The player later visited the lottery headquarters to claim her prize, though the lottery’s official release did not specify whether she chose the lump sum or annuity option. However, the winner indicated plans to use the funds to buy a house with a pool. She also mentioned that a family trip to Las Vegas is being considered. The next jackpot was won just days after Lucky Lady’s windfall, with a $60 million prize going to a player in Ohio. 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) -   In a recent interview with the Press of Atlantic City, New Jersey Governor Mikie Sherrill remained neutral on the Atlantic City casino smoking dispute, but called on legislators to resolve the issue promptly and bring the long-standing debate to a close. Governor Sherrill Calls on Legislature to Resolve the Issue Sherrill noted that while legal proceedings continue, lawmaking is the real solution. She added that she has received input from employees with differing views on the matter – those who support a smoking ban and those who oppose it due to business concerns. The governor emphasized that the focus must be on safeguarding employee wellbeing while maintaining employment and fostering ongoing economic development. A worker-led organization of casino employees known as Casino Employees Against Smoking Effects (CEASE) has long campaigned for all nine Atlantic City casinos to go smoke-free. Last year, the coalition even called on candidates for governor, Sherrill being one of them, to support the group's initiative to ban smoking inside casinos. Under the 2006 New Jersey Smoke-Free Air Act, however, casinos received a waiver permitting smoking on up to 25% of their gaming areas. However, this law did not mandate that smoking sections be enclosed by walls or other physical partitions. Consequently, smoke frequently infiltrates supposedly smoke-free zones. Perspectives from Both Sides of the Smoking Ban Debate CEASE members claim their constitutional rights under state law are being infringed. They cite a clause in the New Jersey Constitution stating that all individuals are inherently free and independent, with certain fundamental rights, including the right to pursue and obtain safety and happiness. This constitutional reasoning has been incorporated into several bills put forward earlier this year, which aim to tackle the issue. However, CEASE faces opposition from Atlantic City casinos, represented in Trenton by the Casino Association of New Jersey, which are seeking to maintain their indoor smoking allowances. The group argues that a prohibition would push gamblers toward Philadelphia, where most casinos permit cigarettes and cigars at slot machines and table games. Furthermore, with three potential downstate New York casinos in the works, the Atlantic City casino lobby argues that now is an inopportune moment for new restrictions. The lobby contends that a complete indoor smoking prohibition might harm the city's gambling sector by deterring patrons from Atlantic City establishments. Some, though, dispute this claim, and a ban might actually draw more non-smoking patrons. The American Lung Association reports that adult smoking rates declined by 73% between 1965 and 2022, with tobacco use decreasing among younger generations. 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) -   Mississippi is intensifying its initiatives to tackle gambling-related harm through new academic studies and legislative measures, designed to reshape the state's current betting practices and their social impacts. These developments are particularly crucial, since conventional harm prevention methods may now be insufficient. Young People Are Especially Vulnerable The University of Mississippi is launching a new research facility dedicated to studying gambling behaviors among university students. Sanctioned by the Mississippi Institutions of Higher Learning Board of Trustees, the Center on Collegiate Gambling is scheduled to commence operations later this year with an approximate budget of $700,000. Project researchers emphasize that fresh data is urgently required. Legal sports betting has grown swiftly throughout the United States, potentially putting young adults at heightened risk. With gambling platforms more accessible than ever, preliminary survey results from university personnel indicate the problem has already become pervasive. Almost 40% of students acknowledged engaging in some type of gambling activity during the previous year, with a portion exhibiting behaviors consistent with problem gambling. In addition to gathering data, the center will create preventive initiatives, provide support services, and counsel legislators on possible policy reforms. The objective extends beyond merely comprehending the issue to actively influencing its resolution. Harm Prevention Must Keep Up with Market Realities Wider policy changes are already in progress across Mississippi. A newly proposed bill would mandate casinos to verify major winnings and subtract any outstanding child support obligations from the winner's payout. The legislation targets large-scale prizes like jackpots. Proponents contend this measure would guarantee that financial obligations are fulfilled when considerable amounts are at stake. Mississippi is also stepping up its crackdown on illicit operators. State regulators routinely issue cease-and-desist notices to unauthorized platforms that provide games of chance and sports wagering services without proper authorization. These operators are frequently located offshore and do not provide basic consumer safeguards or harm prevention measures. These academic and legislative initiatives show the state is slowly adjusting to contemporary trends. This transformation is particularly notable within higher education. With students now having betting platforms readily available on their mobile devices, the distinction between occasional participation and harmful use is becoming unclear. Establishing a specialized research center reflects growing recognition that current approaches will be inadequate for tomorrow's challenges. 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) -   Digital sports media group Better Collective has appointed Thomas Plenborg as its new Board Chair, as the company revamps its international strategy. The company confirmed that Plenborg will replace Jens Bager as Board Chair, after Bager decided not to pursue re-election following more than a decade in the position. Better Collective recognized the 'critical role' the incoming Chair has already served in its corporate evolution, as the company has broadened its presence from Europe to North and South America. New horizons Established in 2004 and based in Copenhagen, Better Collective has grown into one of the largest digital sports media companies specializing in the betting industry and runs one of the sector's largest affiliate networks. The company has established a strong position in key regional iGaming markets, including Latin America through its 2024 purchase of Playmaker Capital. It also participates in other aspects of the iGaming ecosystem, such as responsible gambling through its Mindway AI subsidiary. "We are delighted to welcome Thomas Plenborg as our new Chair," stated Jesper Søgaard, Co-founder and Co-CEO of Better Collective. "Having collaborated with him on the Board for the past year, we have already gained from his extensive financial and strategic expertise. "His background with world-class companies will be extremely valuable as we continue striving to become the premier digital sports media group." Plenborg assumes the board leadership position as Better Collective prepares to enter another sector—the rapidly growing, though controversial, predictions market space. The company intends to utilize its US-focused brands such as Action Network and VegasInsider. This potential new revenue source follows the release of its Q4 and FY25 financial results in February, which showed a minor decline in annual revenue. Plenborg commented: "I want to thank Jens for his leadership and long-term dedication to Better Collective. He has been instrumental in establishing the governance, strategic vision, and growth trajectory over the last ten years. "I now anticipate collaborating closely with the management team and fellow Board members to further develop Better Collective for the benefit of all stakeholders, including customers, partners, employees, and shareholders." 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) -   Lottery operator Allwyn has announced the successful completion of its merger with Greek company OPAP. The company stated that this combination establishes it as "the second-largest listed lottery and gaming operator globally." Following this transaction, Allwyn is now officially listed on the Athens Stock Exchange. Allwyn Becomes the Second-Largest Listed Lottery Operator in the World In its official announcement, Allwyn confirmed that the planned business combination between Allwyn International and OPAP has been successfully finalized. The company highlighted that this merger unites two highly successful businesses, thereby expanding their already established long-standing partnership. Allwyn initially invested in OPAP back in 2013. Allwyn further elaborated that the combined entity, which will operate under the Allwyn name, is now a more robust business. It holds leading market positions across several key markets and is characterized by a highly diversified product portfolio, positioning it for future success. The company emphasized that it is now supported by advanced technology and possesses a strong financial foundation, enabling it to pursue further growth opportunities. Additionally, Allwyn reiterated its ongoing dedication to responsible gambling practices and the generation of shareholder value. Regarding value generation, Allwyn confirmed its intention to distribute EUR 0.80 per share to its shareholders. This distribution will occur after the completion of share transactions involving shareholders who opted for the cash exit. The cash exit is anticipated to take place in April. Upon completion of these transactions, Allwyn will have 770,799,070 shares outstanding, excluding any treasury shares. Allwyn also stated that it remains on schedule to redomicile from Luxembourg to Switzerland before the end of the first half of 2026. Furthermore, the company indicated its intention to pursue an additional listing, with the London and New York stock exchanges identified as potential targets. Allwyn’s Leaders Praised the Milestone Representatives from Allwyn expressed their enthusiasm for this significant milestone. Karel Komarek, the company's founder and chair, described the deal's completion as the commencement of a "new chapter," building upon the existing momentum of both businesses. Komarek added that this transaction represents the culmination of 13 years of trust and commitment to creating value for players, shareholders, and society. He believes the combined entity is now well-positioned to achieve even greater success and redefine the entertainment landscape. Allwyn has exceptional potential in the rapidly evolving world of consumer entertainment, and we have the strategic clarity, scale, capabilities and ambition to define the future of the industry. Karel Komarek, founder & chair, Allwyn Robert Chvatal, Allwyn's chief executive officer, conveyed his strong confidence that the post-merger Allwyn will be capable of driving sustainable growth and value creation. He extended his gratitude to all those who supported Allwyn throughout the transaction, which has solidified the company's position as a leading force in lottery gaming. I would like to thank our shareholders, employees and regulators for their support as we bring together two best-in-class organisations to create the second largest listed lottery and gaming operator globally. Robert Chvatal, CEO, Allwyn In related news, Allwyn recently had to discontinue its planned merger with Novibet due to competition concerns. 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) -   SBC Summit Americas is set to debut a specialized Prediction Markets Forum to analyze one of the most rapidly expanding and discussed segments within the US sports betting landscape. Scheduled for Thursday, June 11, as part of the event's Breakout Stage, the forum will gather operators, legal professionals, and industry analysts to discuss the growth of prediction markets, the entry of sportsbooks into the field, and the regulatory and integrity hurdles ahead. The four-session track will be moderated by Patrick Everson, a sports betting analyst and contributor to FOX Sports. The recent spike in interest for prediction markets is largely linked to the 2024 presidential election, which pushed event contracts into the public spotlight.  Since that time, DraftKings, FanDuel, and Fanatics have all taken steps to enter the sector, while platforms like Kalshi and Polymarket are expanding their reach through high-profile athlete endorsements and multi-year league partnerships. However, the industry faces legal uncertainty due to conflicting federal decisions and a surge in state-level enforcement actions and lawsuits from gaming regulators. “Prediction markets are set to be a defining feature of the American market by 2026, though the ambiguity between financial trading and traditional wagering presents significant challenges for the sector,” stated Rasmus Sojmark, CEO and Founder of SBC. “This forum will gather the key figures influencing this space to help the industry understand the road ahead.” The program begins with an introductory session, Prediction Markets 101. Speaker Dan Zucker (President, Zucker Media Group) will explore the evolution of event contracts from 19th-century economic hedging to their current status as a potential billion-dollar industry. He will also explain the mechanics of these markets, the reasons for their rapid growth, and their influence on the modern gambling sector. Over the past 18 months, several prominent US operators have moved into the world of event contracts. In the session "How Sportsbooks Are Entering the World of Event Contracts," experts Dr. Laila Mintas (CEO, Dr. Mintas Consulting), David Huffman (COO, Sporttrade), and Dustin Gouker (Founder, The Closing Line) will discuss the motivations behind these moves and whether state-level partnerships are a vital part of their strategy.  The "A Question of Compliance and Integrity" panel will focus on the legal and regulatory hurdles facing US prediction markets. Legal expert Dan Wallach (Partner, Wallach Legal) will analyze the regulatory landscape, ongoing lawsuits from gaming groups and states, and the resulting compliance issues for operators. Looking forward, the "What’s the Future of Futures?" session will consider the long-term effects of prediction markets on the betting industry. Speakers Ilya Beylin (Associate Professor, Seton Hall University School of Law), Robin D Hanson (Associate Professor, George Mason University), and Chris Gerlacher (Senior Political Reporter and Industry Analyst, Prediction News) will discuss potential Supreme Court involvement and the tension between land-based opponents and online sportsbooks seeking to integrate these markets. This subject will also be explored on the Leaders Stage in a panel titled “The Current State of Prediction Markets in the US.” Experts Joshua B. Sterling (Partner, Milbank) and Alex Kane (CEO, Sporttrade) will review the evolution of these markets across North America and the reactions from investors, regulators, and operators to the shifting environment. The Prediction Markets Forum is a key component of the two-day SBC Summit Americas conference. In addition to the Breakout Stage, attendees can explore sessions on sports betting, casino gaming, payments, technology, compliance, affiliation, leadership, and player safety across North and Latin America. Secure Your Entry to SBC Summit Americas: VIP Pass – Priced at $700, providing full access to the conference agenda, expo floor, the Food Festival, and evening networking events. Expo+ Pass: Available for $95, offering access to the expo floor and all conference sessions (excluding evening networking events). Complimentary Operator & Affiliate Passes: Qualified operators and affiliates may apply for free passes for SBC Summit Americas, subject to approval. Apply for Your Complimentary Operator Pass | Apply for Your Complimentary Affiliate Pass. 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 firm Codere is reportedly exploring the sale of its operations for an estimated $2.3 billion or more. This information was initially reported by the economy and finance publication Expansión. Codere Could Sell Its Business by August According to Expansión’s report, the Spanish gaming group is considering a potential sale of its business to another entity. Consequently, the company has engaged Macquarie Group, a prominent financial advisory firm, for its services. Expansión stated it was contacted by anonymous sources familiar with the situation. These individuals indicated that the sale remains in its preliminary stages. The sources mentioned that bids are anticipated by mid-May, with a potential binding offer expected in June. If this schedule holds, a final agreement could be reached by the end of August, the sources familiar with the matter suggested.   Expansión asserted that any prospective deal would also encompass Codere Online, which is the group’s publicly traded online gambling division. A Buyer Would Gain a Strong Foothold in Spain & LATAM Regardless, with Codere firmly established as a leader in Spanish gaming entertainment, such an acquisition would provide a potential buyer with a significant presence in the country. Furthermore, acquiring Codere would grant the hypothetical buyer access to other markets where Codere’s products are available, including Argentina, Colombia, Italy, Mexico, Panama, and Uruguay. Expansión suggested that potential buyers could include both gaming companies and financial investors. The news outlet added that certain restrictions on private equity firms might narrow the range of potential buyers. 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) -   SBC Summit Americas is set to launch a dedicated Prediction Markets Forum, which will dive into one of the fastest-growing and most hotly debated verticals within U.S. sports betting. Scheduled for Thursday, 11 June as part of the Breakout Stage, this forum will gather operators, legal experts and industry analysts to look into the growth of prediction markets, the ways sportsbooks are entering this space, and the regulatory and integrity challenges that are defining its future. The four-session lineup will be chaired by Patrick Everson, a sports betting analyst and contributor for FOX Sports. The recent boom in prediction markets can be traced directly to the 2024 presidential election, which pushed event contracts into the mainstream. Since that election, DraftKings, FanDuel and Fanatics have all taken steps to build a presence in this space, while platforms including Kalshi and Polymarket continue to grow in prominence via high-profile athlete sponsorships and multi-year league partnerships. However, a rising tide of lawsuits and enforcement actions from state and gaming regulators, paired with conflicting federal court rulings, has left compliance requirements far from straightforward. “Prediction markets will shape the U.S. market in 2026. But navigating the gray area between financial trading and traditional sports betting is creating tangible uncertainty for this industry,” said Rasmus Sojmark, CEO and founder of SBC. “This forum will bring together the leaders who are building this space to help the sector understand what lies ahead.” The forum will open with the introductory session, Prediction Markets 101. Dan Zucker, President of Zucker Media Group, will walk through how event contracts evolved from 19th-century economic hedging into a potential billion-dollar vertical. Along the way, he will break down how prediction markets actually operate, why their growth has accelerated so rapidly, and what their rise means for today’s gambling landscape. Over the past 18 months, a number of major U.S. operators have expanded into the prediction markets space. During the session, How Sportsbooks Are Entering the World of Event Contracts, experts Dr. Laila Mintas (CEO, Dr. Mintas Consulting), David Huffman (COO, Sporttrade), and Dustin Gouker (Founder, The Closing Line) will analyze how and why the region’s biggest operators are making the move and whether state-by-state partnerships could prove essential in their strategy. The panel, A Question of Compliance and Integrity, will address the regulatory and compliance challenges facing prediction markets in the U.S. Legal specialist Dan Wallach (Partner, Wallach Legal) will examine the regulatory framework governing event contracts and discuss the lawsuits brought by states and land-based gaming groups and the compliance challenges facing operators. Looking ahead, What’s the Future of Futures?, will examine the long-term impact of prediction markets on the betting industry. Speakers Ilya Beylin (Associate Professor, Seton Hall University School of Law), Robin D Hanson (Associate Professor, George Mason University), and Chris Gerlacher (Senior Political Reporter and Industry Analyst, Prediction News) will discuss the potential consequences of Supreme Court scrutiny and what the future may hold for land-based operators opposing prediction markets and online sportsbooks seeking to integrate them. The topic will also be covered on the Leaders Stage during the panel “The Current State of Prediction Markets in the US.” Experts Joshua B. Sterling (Partner, Milbank) and Alex Kane (CEO, Sporttrade) will examine how prediction markets are evolving across North America and how operators, regulators, and investors are responding to the rapidly changing landscape. The Prediction Markets Forum forms part of SBC Summit Americas’ two-day conference programme. Alongside the Breakout Stage, delegates can attend sessions covering sports betting and casino, payments and technology, regulation and compliance, affiliation, leadership, and player protection across North and Latin America. Secure Your Ticket to SBC Summit Americas: VIP Pass – Our VIP Passes are available for just $700. You’ll have access to the full conference agenda, show floor, complimentary food at our Food Festival and our evening networking events! Expo+ Pass: Includes access to the expo floor and all conference sessions (does not include access to evening networking events). Get Your Expo+ Pass at $95. Complimentary Operator & Affiliate Passes: Operators and affiliates can apply for free passes for SBC Summit Americas, subject to approval. Apply for Your Complimentary Operator Pass | Apply for Your Complimentary Affiliate Pass. 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) -   Since 2019, Colorado has permitted online sports wagering, enabling residents to place bets from their homes or on the move. Furthermore, the Colorado Lottery recently transitioned to a digital platform to compete with the rising popularity of lottery courier services. However, state legislators are now moving to regulate the rapidly expanding gaming sector due to various responsible gambling concerns. Colorado Considers Prohibiting Player Prop Wagers The Colorado Senate recently approved two pieces of legislation that, if enacted, would place new restrictions on the state's lottery and gambling sectors. One bill aims to cap sports betting advertisements and outlaw controversial prop bets, while the other seeks to dismantle the state's digital lottery system. The first measure, Senate Bill 131, intends to regulate the sports wagering market by limiting television commercials, banning prop betting, and establishing mandatory deposit caps. Prop bets have faced significant criticism due to their connection to the harassment of athletes by bettors. The NCAA has long advocated for a ban on prop bets involving student-athletes, maintaining that such wagers cause undue stress for young players. Additionally, the proposed deposit limits are designed to prevent addiction by stopping players from chasing their losses. Senator Matt Ball pointed out that gambling is a unique addiction where those struggling often believe that continuing the behavior is the remedy. While he noted that many people gamble responsibly, he argued that safeguards are necessary to protect the most at-risk players. The bill was criticized by the major betting operator DraftKings, which warned that over-regulation could frustrate players and drive them toward the unregulated and more hazardous offshore market. Nevertheless, SB 131 managed to pass the Senate Finance Committee with a slim majority. SB 117 Aims to End Colorado’s Digital Lottery Shortly before SB 131 advanced, the Senate Finance Committee approved a separate bill that would terminate Colorado’s online lottery if signed into law. Supporters of the measure raised concerns that lottery games are becoming too similar to traditional gambling and expressed disapproval of players being allowed to fund their accounts with credit cards. SB 117 was introduced by Senator Jeff Bridges, who characterized the expansion of online lottery gaming as alarming and compared its impact to that of fentanyl. He noted that the most frequent players are often from lower-income demographics, which makes these digital gaming products particularly dangerous. 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.