作者: nicole

JP Morgan Chase reduces Entain stake to below 3% within two weeks of reaching 7%

(AsiaGameHub) -   JP Morgan Chase has reduced its holding in Entain to under 3% less than two weeks after raising it to 7%.  A Notification of Major Holdings released this morning indicates that the banking giant has cut its position in the Ladbrokes and Coral parent company to beneath the mandatory disclosure threshold of 3%.  This threshold was passed on Monday, 18 May—just 10 days after it was disclosed that JP Morgan had boosted its total interest in the firm to 7%, comprising 5.6% in direct voting rights and 1.4% via financial instruments. This rise came after the shutdown of Ricky Sandler’s New York hedge fund, Eminence Capital. Sandler, a former Non-Executive Director at Entain until his firm liquidated last month, offloaded his remaining 5.8% stake in Entain on 7 May.  At what price might JP Morgan Chase have sold its Entain shares? It remains unclear whether a private, off-market transaction took place between Eminence and JP Morgan Chase.  However, JP Morgan Chase has been steadily offloading its Entain shares since acquiring them, aside from a minor uptick where it raised its stake from 7.05% to 7.09% on 11 May.  Subsequently, filings with the London Stock Exchange have shown that JP Morgan Chase sold shares on 12, 13, 14, and 15 May, resulting in a remaining position in the company that is below 3%.  Entain’s stock price stayed relatively steady between 8 May and 15 May, opening at 532.28p on 8 May and finishing around 532.4p on 15 May.  Throughout this timeframe, the shares hit a low of 501.92p (on 12 May at roughly 10:25am UK time) and a high of 550.8p (on 8 May at approximately 1:35pm). Typical for a public limited company, Entain has faced significant speculation in recent months, including rumors of a potential takeover, although management has indicated no likelihood of such a transaction.  For the FTSE 100 member, group revenue for FY25 exceeded £5.2bn, but the company recorded a loss of £681m, marking its third straight year of losses.  Although JP Morgan provided no explanation for either increasing or decreasing its position in the UK-based gambling operator, observers might reasonably assume an off-market arrangement was involved. Furthermore, despite the divestment of a substantial portion of shares, Entain’s stock price appears largely unscathed over the last fortnight, currently trading at 537p as of 1:00pm today.  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.

20 5 月, 2026

KSA intensifies oversight of advertising and sports betting ahead of World Cup

(AsiaGameHub) -   The Netherlands’ gambling authority, the Kansspelautoriteit (KSA), has intensified its oversight of advertising and sports betting in anticipation of this summer’s World Cup, issuing a warning to operators. In a communication to Dutch license holders, the KSA reiterated the country’s strict regulations concerning advertising and sponsorships. The authority has cautioned that any breaches of these rules will result in “immediate enforcement action.” It is important to note that not all forms of online betting are permissible in the Netherlands. For instance, certain football betting markets, such as those related to the first corner kick and player bookings, are prohibited. The KSA will also be focusing on initiatives to increase awareness of gambling risks among young people. Michel Groothuizen, Chairman of the Board at the KSA, stated: “We observed an increase in gambling during the 2022 World Cup and the 2024 European Championship. “This period presents an attractive opportunity for companies to acquire new players. While I acknowledge this, I strongly urge providers to remain vigilant in protecting young adults and other vulnerable groups, and to comply with the applicable rules. “Should we detect non-compliance, we will take immediate action.” KSA champions regulatory enforcement The increased scrutiny on gambling firms in the Netherlands contributed to a significant drop in online gaming revenues for 2025, which fell by 18.5% year-on-year. This decline followed a tax increase from 30.5% to 34.2% in January 2025, with the rate rising further this year to 37.8%. The KSA has been among the most proactive regulatory bodies globally in addressing violations by gambling companies. This is evidenced by its imposition of a record €25 million (£22 million) fine on illegal operator Novatech, and warnings issued to TonyBet, Kansino, and Betcity for marketing regulation breaches. The “Share your bet” feature, which enabled users to share their wagers on social media, has also been banned this year. Furthermore, European clubs were contacted regarding non-compliance with advertising rules in UEFA Champions League and Europa League matches involving Dutch teams. This additional warning ahead of the World Cup, which is anticipated to attract a substantial number of both new and returning bettors, indicates the regulator’s commitment to intensifying its stringent crackdown on the Netherlands’ gambling 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.

20 5 月, 2026

MGM Resorts to Close All Las Vegas Buffets by Q2 2027

(AsiaGameHub) -   According to a new report by Vital Vegas, a well-known media source covering the city's business, culture, and entertainment sectors, MGM Resorts is expected to close its last remaining Las Vegas buffets by the second quarter of 2027. This decision will impact the Bellagio and Excalibur buffets, as well as the Wicked Spoon located at the Cosmopolitan, significantly reducing the number of buffets operating in Las Vegas casino resorts. MGM Resorts Buffets Set to Vanish from Las Vegas It has been confirmed that the MGM Grand Buffet will permanently close on May 31, 2026. This update was reported by Scott Roeben, a writer for Casino.org and Vital Vegas, who sourced the details from a meeting led by Mike Neubecker, the Chief Operating Officer for MGM Grand, Excalibur, Luxor, Mandalay Bay, and New York-New York. The decline of the traditional all-you-can-eat buffet has been developing for some time, driven by changing visitor demographics. Modern casino-goers increasingly favor upscale dining and premium culinary experiences over large-scale, low-cost food options. Gaming operators are supportive of this evolution in consumer preferences, which benefits their bottom line. Historically, buffets operated as loss leaders, offering underpriced food simply to keep guests on the property to gamble. The Decline of Buffets and the Rise of Luxury Dining Closing these MGM buffets will directly affect hundreds of workers, with approximately 500 staff members currently employed in these dining venues. It remains uncertain if these employees will be transferred to other roles within the company or if they will need to find new jobs. Meanwhile, the remaining buffet concepts are transitioning into luxury dining experiences, with some revamped venues charging up to $175 per guest while offering premium selections like high-quality seafood, gourmet carved meats, and unlimited beverage packages. 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.

20 5 月, 2026

Playtech Strengthens Americas Position Amid New Tax Pressures

(AsiaGameHub) -   Playtech identifies Mexico and other North American markets as the primary drivers of growth for its FTSE250 midcap portfolio. In a corporate announcement preceding its Annual General Meeting, Playtech highlighted the ongoing “stronger-than-expected performance in the Americas.” While overall group figures were not disclosed, the company's leadership noted that the momentum from FY2025 has been sustained. Playtech's Americas division generated €209.9 million in regional revenue, driven by a 61% increase in the US and Canada to €48 million (up from €29.8 million in FY2024), and an 8% underlying growth in Latin America, excluding the updated Caliente agreement. US gaming contracts almost doubled compared to the previous year. Consequently, management commends a new growth trajectory in the Americas, spearheaded by its B2B client base, which includes DraftKings (casino and live gaming), bet365 (live gaming in New Jersey and Pennsylvania), Hard Rock Digital (live gaming in Michigan and New Jersey), and FanDuel (live gaming in New Jersey, Pennsylvania, and Michigan). The prospects for the Americas are further strengthened by the revised Caliente joint venture agreement, which became effective in March 2025. This agreement transitions Playtech's services in Mexico from B2B service fees to equity participation, expected to contribute €54.5 million in associate income and €45.7 million in dividends under the 2025 contract. Shareholders were notified that “Playtech has delivered an outstanding trading performance for the initial four months of 2026, propelled by sustained strength in the US, Mexico, and specific European markets, alongside robust performance in Live, as the returns on the Company's recent investments have accelerated.” Mor Weizer, Playtech’s Chief Executive Officer, stated: “We have experienced an excellent start to 2026, with robust trading during the first four months of the year, indicative of sustained momentum in regulated markets, particularly in the Americas and certain European regions.” Focus on Mexico The Playtech partnership with Caliente Interactive in Mexico continues to demonstrate strong performance, with the forthcoming FIFA World Cup offering a substantial opportunity to further solidify Caliente’s market leadership. Further details regarding Playtech’s susceptibility to new gambling tax regulations in crucial markets will be provided in interim accounts. These include the UK’s Remote Gaming Duty rising to 40% and Mexico’s introduction of a new 50% IEPS gambling tax on operator income, enacted as part of President Claudia Sheinbaum’s Fiscal Budget 2026 reforms. Weizer concluded by saying: “Despite persistent industry challenges, Playtech’s robust expansion in regulated markets, diversified strategic placement, highly scalable technology, and strong partner relationships collectively position the Group favorably to capitalize on the substantial market opportunities ahead.” Departure of NED Penrose Prior to its AGM, Playtech disclosed that Independent Director Ian Penrose would be resigning from the Board. Penrose, previously CEO of Sportech, had served as an Independent Non-Executive Director since 2018, contributing to the leadership's North American goals and the company's strategic shift back to a B2B focus after divesting SNAI Italia. John Gleasure, Non-Executive Chairman, stated: “On behalf of the Board, I wish to extend our gratitude to Ian for his invaluable contributions during a period of substantial shareholder value creation and strategic transformation since his appointment in 2018. “Ian has provided extensive global industry experience to Playtech and has consistently demonstrated unwavering commitment and dedication throughout his nearly nine years of service to the company. We extend our best wishes for his future undertakings.” 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.

20 5 月, 2026

World Cup: top operators will blend player emotions with analytical approach

(AsiaGameHub) -   Individuals who place sports bets operate with a mindset structure comparable to that of elite professional athletes, according to 1xBet Strategic Consultant Chris Bird.  In a conversation with SBC News, Bird stated that bettors strike a balance between emotional impulses and unvarnished hard data, in the same way that players and coaching staff at leading football clubs approach matches and top-tier competitive tournaments.  In the lead-up to the World Cup 2026, Bird noted that operators need to find a middle ground to ensure they cater to the passion and enjoyment associated with football, while also reserving space for bettors who take an analytical approach to wagering. “Catering to the emotional side means delivering the content fans want to see surrounding games, both before and after play, in a controlled, regulated way,” Bird pointed out. “No matter what approach you take, present them with accurate facts, but frame the content to be engaging.  “Across the globe, millions of people in different time zones will tune in to the entire tournament, and different audiences will experience a wide range of emotions at different points. Truly responsible operators will recognize this pattern and understand how to address it appropriately.” Even as Pep Guardiola is set to leave Manchester City this summer, bringing an end to a 10-year run of historic, unprecedented success, Bird explained that the manager remains a stand-out phenomenon thanks to his ability to combine emotional awareness with a structured analytical framework.  “Guardiola has a one-of-a-kind intuitive gift,” he added. “He can relate to what players are experiencing, and he understands the sentiment of the fanbase. But his support team provides him with all the data and insights he needs to blend that emotional awareness with evidence-based strategy. Any brand activating around this World Cup has to grasp this principle. You have access to all the user intelligence you could require, you understand how audiences behave at specific moments, and you should lean into that shared emotion. What you must never do is exploit that emotional connection for unfair gain.” This method of pairing emotion and data-driven strategy mirrors the range of betting approaches fans use during the World Cup. While some bettors only place wagers on their home country for casual fun, others take a highly analytical approach to their betting habits. Bird emphasized that sportsbooks must be aware of these distinct user segments and cater to both groups in a responsible manner.  “You have users who closely track expected goals (xG) and all the other advanced match metrics that are widely available now, and then you have groups of fans who will head to their local pub at 10 o’clock on a Saturday night to catch one of these World Cup matches alongside a group of friends. “You can gather as much analytical data as you like to understand user spending patterns, how different groups will react to specific promotional offers… that’s all very useful. But that data belongs behind the scenes. For the user-facing experience, everything should be centered on the shared emotional experience of the tournament.” The 2026 World Cup is being billed as one of the largest betting events in history, as the edition expands to an unprecedented scale. Featuring 48 national teams and 104 fixtures played across a 39-day window, total betting volumes are projected to hit new all-time records.  In his closing remarks, Bird noted that operators should focus on hitting those record volume targets in a responsible way. By delivering an engaging product and upholding responsible gambling practices, operators can secure long-term benefits from what is set to be a critical period for new customer acquisition. “This is the largest global entertainment event on the planet, running for four weeks, and people will be fully  absorbed in the action no matter what time of day they are tuning in. For brands operating in this space, the priority should be delivering all the information audiences want in a fun, engaging format, acting responsibly and making sure they support their customers well, all while never losing sight of the fact that this is first and foremost an entertainment space.” 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.

20 5 月, 2026

Tory peer adds to growing pressure on Gambling Commission over affordability checks

(AsiaGameHub) -   Conservative Party peer Nick Herbert has joined a growing number of prominent figures in criticizing the UK's Gambling Commission's affordability checks. Speaking in the House of Lords, the former MP for Arundel and South Downs, now Baron of South Downs, urged Culture Secretary Lisa Nandy to reconsider the "ill-targeted policy, which, after all, was not the government’s in the first place." Herbert's intervention adds to a chorus of opposition aiming to prevent the implementation of these checks, which includes gambling reformist James Noyes and Reform UK leader Nigel Farage. The Gambling Commission is scheduled to meet tomorrow to discuss the implementation of Financial Risk Assessments (FRAs), the most stringent level of its affordability check system. However, Herbert has called for a halt to this process. "On Thursday, the Gambling Commission will decide whether to approve the roll out of affordability checks on online betting," he stated. "When the previous government announced these checks three years ago, ministers said they should be totally frictionless. The pilots have not been. Immense damage has been done to horse racing already, and to what effect? “Bettors resent intrusive checks and are driven to the black market, racing loses revenue an estimated £250m over five years, and so in turn does the Treasury, and while I appreciate the potential harm of other forms of gambling, betting on racing is simply not in the same league.” Nick Herbert. Credit: X Last year, the Gambling Commission launched a six-month pilot of its affordability solution, testing both the less intrusive Financial Vulnerability Checks and the more comprehensive FRAs. Despite this, criticism from both the industry and political spheres has persisted. “The risks are akin to that of playing National Lottery scratch cards. Should these be restricted too?” Herbert questioned in the Lords this week. “There has been no proper evaluation of the affordability pilots, and it appears that the checks will be green lit with no parliamentary debate or scrutiny. “Affordability checks are directly contrary to the government’s declared support for racing, so I urge the Culture Secretary to step in now and revisit an ill-targeted policy which, after all, was not the government’s in the first place.” Herbert adds to growing list of affordability checks’ critics Herbert is not the first, even this week, to appeal to the Commission for a delay in the rollout, but there is a sentiment that this backlash from influential figures may have come too late. However, some individuals and organizations within the industry have long opposed these checks. The Betting and Gaming Council (BGC), a vocal critic of the measures since the early stages of the Gambling Act review in 2021, confirmed this week to SBC News that it is exploring legal action to prevent their implementation. A spokesperson for the BGC commented: “The evidence so far suggests these proposals are not fit for purpose and risk driving people away from the regulated market towards the growing illegal online black market, where there are no protections and no safeguards. “Given the serious concerns raised by operators there is a real risk the industry could ultimately be left with little choice but to consider legal challenge if these proposals proceed without further scrutiny.” Despite widespread opposition, the Commission maintains that only 3% of active accounts will be subject to checks, with the majority remaining frictionless. FRAs have been trialled on bettors who stake £1,000 within 24 hours or £2,000 within 90 days, equating to approximately £22 per day. However, these thresholds have continued to draw criticism, most recently from Farage, who argued that they are "killing traditional bookmakers" and "driving the industry underground." Last week, James Noyes, who resigned from the Gambling Act Review Evaluation Advisory Group due to concerns over the checks and a belief that his feedback was being ignored, also voiced his opposition. While Noyes still supports affordability checks in principle, he wrote to Nandy last month expressing "deep concern over recent reports highlighting the pilot’s apparent lack of transparency and efficacy." The Commission appears poised to proceed with its decision-making process tomorrow, despite the significant opposition from various figures. Thursday, May 21st, is shaping up to be a pivotal day in the history of UK gambling, regardless of the outcome. 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.

20 5 月, 2026

Ending the spreadsheet era: ReferOn’s crypto automation to revolutionize iGaming payments

(AsiaGameHub) -   While trust is the foundation of operator-affiliate partnerships, it is often undermined by human error and payment lags caused by manual spreadsheet use. With nearly 20% of affiliate interactions revolving around commission disagreements, there is a pressing need for robust financial systems. ReferOn has addressed this by introducing an integrated crypto finance layer that facilitates payments through its licensed gateway partners. This tool is designed to streamline the payment process for both operators and affiliates by removing the need for manual entries and spreadsheet tracking. To discuss the industry's evolution, SBC News interviewed ReferOn’s COO, David Harris, and Senior Account Manager, Hristiana Stefanova. They explain how spreadsheet-heavy workflows have hindered progress and how ReferOn’s latest innovation revitalizes the industry. How prevalent are crypto payments in the current iGaming affiliate landscape, and what has been the growth trajectory recently? Hristiana Stefanova: By 2026, crypto has evolved from a niche option to a fundamental component of iGaming finance. It offers a much more efficient and direct method for paying affiliates. David Harris: Indeed. We have observed consistent growth over the last decade as crypto becomes more reachable. While major corporations often prefer traditional banking, small and medium enterprises are the primary drivers of crypto adoption. What are the main difficulties the industry encounters with manual payment processing? Stefanova: Manual tasks often mask mistakes, leading to significant delays. Operators report that over 20% of their affiliate dialogue concerns commission errors. When managers are forced to reconcile spreadsheets with finance departments, affiliates can wait weeks for their money. Harris: Manual systems inevitably lead to delays. Industry forums are full of complaints regarding invoice discrepancies. Automation is the answer, though implementing it requires a thorough understanding of an operator's specific payment architecture and careful integration with existing funds. In what ways does ReferOn’s automation simplify tasks and stop "operational firefighting"? Stefanova: We’ve developed an integrated crypto finance module that shifts payment management from spreadsheets to a centralized 'Command Center.' Once an affiliate's details are configured, the system automates calculations, allowing for one-click payments at month-end. Harris: This effectively removes the risk of human error, such as copy-pasting mistakes or faulty reconciliations. By consolidating payouts and fund management, ReferOn ensures that affiliate data, exchange rates, and payment histories remain perfectly synchronized. Can automation resolve the trust issues that sometimes affect the relationship between operators and affiliates? Stefanova: Definitely. Timely payments are the top priority for affiliates. Throughout my eight years in the field, commission delays have been a constant source of friction. By streamlining these workflows, both sides can move past data disputes and focus on their partnership. Given strict financial regulations, how does ReferOn ensure its crypto layer remains compliant? Harris: Managing finances is a serious responsibility. Our system utilizes various payment branches, each of which must pass stringent KYC and background checks before being integrated into our platform. These protocols are a mandatory part of our rollout. How does this feature align with the broader ReferOn platform and the company's core goals? Harris: This feature reflects our commitment to innovation and transparency. We prioritize market feedback to guide our development of new tools.Stefanova: Our objective is to automate and centralize the entire affiliate management workflow. This update represents another milestone in our effort to provide the iGaming sector with greater efficiency and transparency. 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.

20 5 月, 2026

The Hidden Costs of Sports Betting’s Rise in American Sports

(AsiaGameHub) -   Eight years ago, the US Supreme Court issued a landmark ruling permitting states to legalize sports betting, effectively transforming the industry from a contentious concept into a standard element of the American sports landscape. A Sense of Familiarity Mike Florio, the founder and Editor in Chief of Pro Football Talk, notes that what was previously restricted primarily to Nevada has evolved into a national market driven by mobile applications, intensive marketing campaigns, and strategic alliances between sportsbooks and professional sports leagues. Industry giants such as DraftKings and FanDuel have become household brands, with their advertisements appearing ubiquitously across digital platforms, sports venues, and live television coverage. For a significant number of fans, wagering has integrated seamlessly into the way they consume sports. Placing a bet is now as effortless as sending a text, a convenience that critics argue has fundamentally altered consumer behavior. The Pros and Cons Proponents of the industry contend that legalization has moved betting out of illicit channels and into a structured, regulated framework. Conversely, detractors argue that this rapid expansion has triggered a host of negative outcomes, including problem gambling, addiction, and financial distress. This controversy has been intensified by recent incidents involving athletes and collegiate sports, including legal investigations into a football player whose wagering reportedly went well beyond standard sporting events. At the heart of the criticism is the deepening relationship between sports organizations and gambling operators. Leagues that once strictly prohibited gambling are now profiting from its expansion through lucrative sponsorship deals, media rights, and licensing contracts. Critics maintain that this shift in stance inevitably prompts concerns regarding corporate responsibility as betting becomes increasingly woven into the fabric of the fan experience. Advocates for stricter regulation caution that the normalization of gambling advertisements has made betting appear mundane, a trend that extends to younger demographics. They argue that persistent exposure may result in long-term behavioral issues, particularly among vulnerable users who are drawn in by the allure of effortless wins and rapid financial returns. Meanwhile, sports leagues continue to justify their partnerships by highlighting the resulting financial gains and increased fan engagement. Simultaneously, the global sports betting and online gambling sectors are navigating significant hurdles, with many firms implementing staff reductions to manage mounting financial pressures, rapid technological shifts, and intense market competition. 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.

20 5 月, 2026

Are Sportradar investigations legitimate or just an ambulance chase?

(AsiaGameHub) -   A Sportradar investor has brought a lawsuit against the company after two short-selling investment research firms made illegal activity allegations against it last month. James Anthony Smale has submitted his claim to the US District Court of the Southern District of New York, naming Sportradar itself, along with the company’s Chief Executive Officer Carsten Koerl and Chief Financial Officer Craig Felenstein, as defendants. Smale alleges that Sportradar leadership made ‘false and misleading statements’ to investors regarding the business’ commercial relationships with the black market during quarterly earnings calls, citing 2025 investor conferences as part of his claim. As last month’s allegations triggered a sharp drop in Sportradar’s stock price, investors like Smale have suffered tangible financial losses. Smale is seeking damages from the short sellers, while also claiming that Sportradar violated the Exchange Act and regulations set by the US Securities and Exchange Commission (SEC). From the moment the short sellers’ allegations were released, Sportradar has strongly denied that the improper commercial relationships it is accused of engaging in actually exist. Muddy Waters and Callisto On 22 April, Muddy Waters Research and Callisto Research jointly published reports claiming that Sportradar has been supplying its sportstech and data services to black market betting firms that target unregulated Asian markets  The accusations have placed the Nasdaq-listed technology group under intense scrutiny, given its status as the leading provider of integrity services and intelligence for global sports leagues and governing bodies including FIFA, UEFA, NBA, NHL and CONMEBOL.  As cited in Smale’s suit, the allegations include claims that Sportradar has been working with Asian organised criminal groups such as China’s ‘infamous Yabo Group’ and illegal gambling operations in ‘Russia, Turkey and several Asian markets’. In the wake of the reports, Sportradar’s share price fell 22.75% — dropping from a five-day high of $18 per share to $13 at the close of trading on 22 April. It has traded at an average of between $12-$14 ever since. Since both Muddy Waters and Callisto had openly shorted Sportradar stock ahead of the reports, the pair likely profited heavily when Sportradar’s stock tumbled on the New York Nasdaq. As expected, Sportradar was quick to push back against the allegations. Koerl labelled the claims a ‘personal attack’, while a Sportradar statement issued shortly after the allegations went public stated that the company would “unequivocally challenge these assertions”. In Sportradar’s Q1 earnings call held toward the end of April, Koerl clarified what he and Fellenstein believe is the extent of Sportradar’s exposure to black and grey betting markets. Koerl told investors that the firm’s exposure to the grey market was likely ‘between low-to-mid single digit numbers’ – estimating 5% at the lower end and about 12%-13% on the higher end of the range. “We do not work with black market operators,” he asserted. “For the grey market, we have a solid compliance structure in place, and we only work with licensed operators. The measurements we apply here are a risk assessment, and irrespective of licensing and jurisdictions, we only support businesses which hold a valid licence.” Is everyone piling on Sportradar? The fallout from the allegations against Sportradar and the subsequent drop in the value of its shares has undoubtedly drawn widespread attention. Smale’s lawsuit is just the latest in a string of follow-ups to the original allegations, with several securities-focused law firms quick to prepare their cases once Muddy Waters and Callisto’s reports were published. As soon as the allegations were made public on 22 April, multiple law firms began releasing statements. A statement was published by the Los Angeles-based Law Offices of Frank R Kutz on 22 April, the same day the allegations dropped, for example. Several more followed in late April and early May. Kessler Topaz Meltzer & Check LLP, the law firm representing Smale in his lawsuit against Sportradar, published a statement on 8 May saying it was investigating potential violations of securities laws by the company and encouraged affected investors to reach out. Another New York law firm, Kirby McInerney LLP, has issued a similar statement, reminding investors that they have until 17 July to join the lawsuit. This is the deadline for investors to sign up as lead plaintiffs in the claim. Amid all this talk of ‘official investigations’, however, there is a very important factor to remember – firstly, investor complaints against companies facing new allegations, such as in the aftermath of short sellers’ reports, are hardly uncommon. Secondly, and most importantly, these ‘official investigations’ are being conducted by private law firms that specialize in securities law, not by any government agency. As of yet, no government agency or regulator has officially launched an investigation into Sportradar. In short, the investigations could lead to meaningful action, or they could just be cases of ambulance chasing… a common reality for all US PLCs operating in the litigious landscape of sports, media and betting markets.   Whether the claims have merit is now for the courts to decide, and for regulators like the SEC – if regulators decide there is actually enough weight behind the allegations to warrant an investigation in the first place. Whatever the final outcome, Sportradar will be harmed by proceedings that have already derailed its core ambition to become the highest valued sports tech and data intelligence firm in 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.

20 5 月, 2026

“Casino” Leaving Netflix on June 1

(AsiaGameHub) -   Devotees of Martin Scorsese’s film “Casino” have a limited window to stream the movie on Netflix before its removal from the platform on June 1. Licensing Agreement Nearing End The film, which became available on Netflix’s service on March 1, is part of the streaming giant’s dynamic collection of licensed content. Similar to many older cinematic works, its presence is governed by temporary licensing deals, meaning it will soon become inaccessible to subscribers once the current agreement concludes. After its exit from Netflix, viewers keen on revisiting the iconic gambling-themed movie can opt to rent or purchase it through digital storefronts such as Amazon Prime Video or the Apple TV Store. For those who possess them, physical copies of the film on DVD or Blu-ray also present an alternative viewing method. “Casino” remains a highly acclaimed depiction of Las Vegas during its mob-controlled era, spanning the 1970s and 1980s. Under Scorsese’s direction, the movie delves into the opulence, corruption, and brutality that characterized the city during that period. The narrative centers on Sam “Ace” Rothstein, portrayed by Robert De Niro, a skilled sports handicapper enlisted by the Chicago Mafia to oversee operations at a Las Vegas casino. As Ace strives to boost profits and maintain authority, his personal life becomes intertwined with Ginger McKenna (Sharon Stone), a hustler whose drug dependency and shifting allegiances introduce increasing instability. Joe Pesci also delivers a memorable performance as Nicky Santoro, a volatile mob enforcer whose violent actions attract growing scrutiny from law enforcement and jeopardize the entire operation. Upcoming Gambling Series Over time, the movie has secured its place alongside other Scorsese masterpieces like “Goodfellas” and “Mean Streets,” shaping modern gangster cinema and transforming Hollywood’s portrayal of organized crime. Beyond its departure from Netflix, Scorsese is making another foray into the streaming landscape with a new project set in Las Vegas, where he is serving as executive producer for “The Roman,” a new series from the creators of “Billions.” The series features Oscar Isaac, Betty Gilpin, Alec Baldwin, and David Costabile, and focuses on the contemporary casino industry. The show is set in present-day, high-stakes Las Vegas, where ambition and power struggles define the cutthroat world of casino ownership. At its core is Robert “Bobby Red” Redman, a casino executive navigating intense pressures as he strives to retain his position. Other titles slated to leave the Netflix catalog in June include the “Fifty Shades” trilogy, the historical war drama “Glory,” and the fantasy comedy “Night at the Museum.” 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.

20 5 月, 2026

Racing and Sports eyes strong finish to fiscal year amid growing confidence from new deals

(AsiaGameHub) -   Australian betting technology company Racing and Sports (RAS) anticipates securing an additional AU$2m (£1m) from the partnerships it has finalized this year. The firm established a new partnership with Altenar, a fellow B2B sports betting technology provider, in April, and simultaneously renewed its contract with TABTouch, the digital betting platform of Racing and Wagering Western Australia (RWWA). The renewal with TABTouch extends for a further five years. The agreement includes data and content for Australian thoroughbred, harness, and greyhound racing, featuring racing previews, runner comments, and content enhancements. Meanwhile, UK-based Altenar has completed a technical integration of RAS software, incorporating pre-race data, race day data, and its oddsline service. This arrangement covers Altenar’s UK and international operations, with three B2C brands already utilizing the solutions. “These agreements reflect the depth and quality of what RAS delivers to racing and wagering operators around the world,” stated Stephen Crispe, Chief Executive Officer and Managing Director of RAS Technology Holdings, the entity behind Racing and Sports. The Altenar agreement is notably significant for RAS, as the Canberra-based and ASX-listed organization has been pursuing international expansion over the past year. The UK horse racing market has been a key target for the company. Despite recent obstacles, such as challenges with racecourse attendance post-COVID-19, racing remains a favored betting sport in the region—ranking as the second most wagered-on sport after football. The alliance with Altenar follows agreements with other UK horse racing stakeholders, including software provider Metric Gaming. Beyond the UK, the firm is also concentrating on elevating its profile in Asia, while a collaboration with LeoVegas targets the Swedish market. “Extending our relationship with TABtouch, welcoming Altenar as a new platform partner, and going live with LeoVegas are all important milestones,” commented Crispe. “We are also seeing strong momentum in our Asian business, which is performing ahead of expectations since the team joined last year.  “With further deals expected to close before the end of FY26, the pipeline continues to build, and we approach the beginning of FY27 with confidence.” 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.

20 5 月, 2026

A lucky player at Hard Rock Hotel & Casino in Atlantic City wins a $105,000 jackpot with an $80 bet

(AsiaGameHub) -   Hard Rock Hotel & Casino Atlantic City has recently announced another fortunate occurrence, following a visit by a resident of Keyport in Monmouth County who converted a $80 wager into a six-figure return. Turn on Aristocrat Gaming’s $0.20 Title Produces $105K Return While visiting the property last Sunday, the guest placed an $80 stake on Aristocrat Gaming’s Yo Yeti Spooky Link slot and transformed the sum into a larger prize of $105,586.68. Even though the game permits wagers starting at $0.20, the guest opted for a bolder approach with a higher bet from the outset. Hard Rock Hotel & Casino AC continues to provide compelling experiences for jackpot seekers and casual slot enthusiasts, with a gaming floor that includes over 2,298 slot machines. The venue also features 128 table games spanning well-known categories such as roulette, craps, baccarat, poker, and blackjack, among others, along with a private high-limit slot salon for guests who prefer elevated stakes and high-energy sessions. Beyond the physical location, the Hard Rock brand has likewise seen additional jackpot successes via the Hard Rock Bet Casino platform, including Deborah S. of South Plainfield, who recently collected $1,942,272.47 on Bag the Swag: Hold & Win. 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.

20 5 月, 2026

Agricultural Organizations Urge CFTC to Scrutinize Prediction Markets’ Impact on Commodity Trading

(AsiaGameHub) -   A wide alliance of agricultural organizations is calling on US regulators to examine the increasing impact of prediction markets on commodity trading, expressing concern that these new financial products could undermine the traditional risk management methods used by farmers and producers. Pork Producers Lead Push for CFTC Review of Prediction Market Risks The request, submitted by the National Pork Producers Council and supported by over 20 industry groups, was sent to the Commodity Futures Trading Commission (CFTC), which is currently reviewing new derivatives tied to event-based outcomes. These contracts allow traders to bet on whether a commodity price will reach a specific level at a particular time, rather than engaging in the actual trading of the commodity itself. Industry representatives emphasized the importance of traditional futures markets for agricultural businesses in managing price volatility. In contrast, prediction-style contracts have a different structure that may not be suitable for commercial participants. The coalition pointed out that these instruments are still unproven in the market, and their role in existing hedging strategies is unclear, especially given their all-or-nothing payout structure. According to the groups, these newer markets could distort price signals in ways that do not accurately reflect supply and demand. Furthermore, increased speculative activity, particularly from retail investors, could introduce distortions or "noise" that affects traditional futures trading. Industry Groups Warn That Prediction Markets Lack Key Safeguards of Traditional Exchanges The submission highlights concerns regarding potential impacts on market liquidity, price discovery, and the effectiveness of hedging tools used by producers. The groups also noted structural differences, arguing that prediction markets lack essential safeguards such as federally mandated position limits and volatility controls that are standard on traditional commodity exchanges. Another point of concern was the settlement process for these contracts. Some prediction markets determine outcomes based on post-close price data from the main futures markets, which can lead to inconsistencies or disputes. Extended or continuous trading hours could also exacerbate volatility, especially if trading continues when benchmark markets are closed. The group also stressed that while financial market innovation can be beneficial, the coalition believes that changes should be implemented cautiously and with input from the stakeholders who depend on these systems. They urged the CFTC to ensure that no new frameworks weaken the stability of derivatives markets, which serve as vital benchmarks for global agriculture. Ultimately, the groups indicated their readiness to continue discussions, underscoring the need to balance innovation with the practical requirements of producers who rely on stable and transparent markets for risk management. 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.

20 5 月, 2026

Minnesota Governor Signs Ban on Prediction Markets, Making It the First State to Do So

(AsiaGameHub) -   Following the legislature's passage of a bill banning prediction markets by a significant margin last week, Minnesota Gov. Tim Walz has completed the process by signing the legislation into law. The move occurs amid heightened conflict between state regulators, attorneys general, and the federal agency, the Commodity Futures Trading Commission (CFTC). The CFTC has frequently contested the power of gaming authorities and state officials to, in its words, override federal rules. Prediction Markets Set to Go Out in Minnesota, but a Lawsuit Tries to Challenge This However, whereas gaming officials or attorneys general in other instances have typically moved against prediction markets using cease-and-desist orders, Gov. Walz's support for the lawmakers' bill establishes a new standard—the complete prohibition of prediction markets in Minnesota and the resulting criminalization of their activities. “We as a state should decide how best and what regulations we think should attach to gambling, to protect public safety, to protect our kids,” stated the bill's sponsor, Minnesota Rep. Emma Greenman. The CFTC, however, anticipating Gov. Walz's endorsement of the bill, has acted swiftly by filing a lawsuit aimed at preventing the law from taking effect on August 1, 2026, as disclosed on the regulator's website. “The new legislation represents the most aggressive move by a state to shut down CFTC-regulated markets and undermine the federal regulatory regime set up by Congress more than 50 years ago,” CFTC Chairman Michael S. Selig said in an official release. He contended that the legislation aims to transform legal prediction market operators and users into “felons overnight.” Prediction Markets Attacked in the US, But They Hold Their Ground Minnesota conceded on some points; the initial version of the bill to ban prediction markets required a key revision to permit trading on weather outcomes, which the agricultural sector considers highly valuable. Although Minnesota is the first state to formally ban prediction markets, it is not alone in adopting a tougher position against them. Many state gaming regulators have labeled the offerings from platforms like Kalshi and Polymarket as “gambling” that lacks standard regulatory oversight. The prediction market companies have rejected this characterization, maintaining that their products have a long-established history and represent financial instruments not subject to gambling statutes. 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.

20 5 月, 2026

NCAA Eligibility Controversy Leads Quarterback to Initiate Legal Proceedings

(AsiaGameHub) -   Texas Tech quarterback Brendan Sorsby has filed a lawsuit against the NCAA, requesting that the organization expedite a decision regarding his eligibility to play in the 2026 college football season. This action comes as the athlete is currently under investigation for alleged gambling activities that could potentially end his collegiate athletic career. Legal Fight Puts Sorsby’s 2026 Season in Doubt The lawsuit was initiated in a Texas state court, where Sorsby is seeking a temporary court order to maintain his eligibility while the larger legal dispute is resolved. The timing of this situation is critical. The quarterback has a deadline in late June to decide whether to enter the NFL supplemental draft, a process typically for players whose college eligibility is uncertain, as reported by The New York Times. The core of the controversy involves bets Sorsby placed as a freshman at Indiana in 2022. In a sworn statement, he acknowledged making small wagers, typically of minor sums, on his own team during a period when he was not expected to play. He stated that these bets were not driven by financial gain but were a way to feel more involved with the team. He also asserted that he did not utilize inside information or bet on games in which he was participating or intended to play. However, NCAA rules are notably stringent concerning sports gambling. Athletes who bet on their own teams face the possibility of a permanent ban from the sport, irrespective of the bet's amount or the player's intent. Consequently, Sorsby is in a precarious situation as the governing body reviews his case. His legal representatives contend that the NCAA has mishandled the process, arguing that the delay in reinstatement has created an unfair Catch-22 situation. The filing indicated that this uncertainty leaves Sorsby with the difficult choice of either awaiting a ruling that may arrive too late or abandoning his college football aspirations to pursue professional opportunities. Texas Tech’s Season Plans Shaken by Quarterback’s Legal Battle The quarterback, who has been diagnosed with a gambling disorder, has also entered a residential treatment program. The attorneys representing the athlete emphasize that this condition should be a significant factor in the NCAA's deliberations, characterizing it as an athlete welfare issue rather than solely a matter of rule enforcement. In the interim, Texas Tech has declared Sorsby’s temporary ineligibility, though the program has expressed its support as the process unfolds. The team also faces practical challenges, as the uncertainty surrounding its anticipated starting quarterback complicates preparations for the upcoming season. Furthermore, this is not the only inquiry. State regulators in Ohio are also investigating the matter, adding another layer of scrutiny. Sorsby is also involved in a separate legal dispute with his former university, Cincinnati, concerning an alleged breach of a financial agreement related to his transfer. With multiple investigations ongoing and critical deadlines approaching, the outcome of this case could have substantial implications, not only for Sorsby's personal future but also for how gambling violations involving student-athletes are addressed moving forward. 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.

20 5 月, 2026

NFL Calls on CFTC to Strengthen Oversight of Prediction Markets

(AsiaGameHub) -   The National Football League (NFL) has submitted a formal request to the Commodities and Futures Trading Commission (CFTC) calling for stricter oversight of prediction markets amid their rapid expansion. NFL Urged CFTC For More Control NFL Senior Vice President for Government Affairs and Public Policy Brendon Plack addressed a letter to CFTC Chairman Michael Selig on Friday, as the commission advances its rulemaking efforts regarding these markets. In the correspondence, Plack explained that the league’s recommendations aim to safeguard the integrity of NFL operations. He emphasized that the proposed measures are intended to shield both the sporting events linked to prediction contracts and market participants from fraud or manipulation. Plack has consistently advocated using existing state gambling regulations as a model for implementing protections around sports-related prediction market contracts. He further recommended that the National Futures Association work closely with state gaming authorities via data-sharing arrangements and strengthened enforcement protocols to identify and bar individuals who should be excluded from trading. The NFL is not alone in its push for tighter CFTC regulation of prediction markets. Earlier this month, for instance, the Pennsylvania Gaming Control Board publicly criticized the CFTC’s current approach to overseeing these platforms. What Else Does the NFL Want? Among its key recommendations, the NFL highlighted the need to ban certain contracts it deems particularly susceptible to manipulation by a single person—such as bets on whether a kicker misses a field goal or whether a quarterback’s first pass is incomplete. The league also called for restrictions on contracts tied to outcomes that could be predetermined, including the game’s opening play. Additionally, the NFL seeks the removal of contracts involving what it describes as “inherently objectionable” events, such as player injuries, which it argues are prone to exploitation. This is not the first time the NFL has voiced such concerns; in April, it warned prediction market platforms like Kalshi and Polymarket to cease offering these types of events due to their vulnerability to abuse. The letter also raised concerns about the current minimum age of 18 for prediction market users. The NFL, aligning with several other professional sports leagues, urged the CFTC to raise the eligibility age for purchasing prediction contracts from 18 to 21. Furthermore, the league proposed establishing a formal certification process for individual player performance contracts, rather than permitting platforms to self-certify them. The NFL is not the only major U.S. sports organization advocating for stricter CFTC rules on prediction markets. Earlier this month, the NBA also called on the commission to impose more rigorous regulations on platforms offering event-based contracts. 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.

19 5 月, 2026

Get Ready for Thrilling Action in BGaming’s Hot Rocket 5x 3x 2x

(AsiaGameHub) -   BGaming has launched a fresh slot title that blends classic gameplay with high-impact visuals. Titled Hot Rocket 5x 3x 2x, the game merges the charm of traditional stepper slots with the high-quality cinematic production that players have come to expect from the studio. Hot Rocket 5x 3x 2x Metrics Rows: 3 Reels: 3 Paylines: 9 RTP: 96% Volatility: Medium Min/max bet: 0.20/25 Max win: 2,500x Another Addition to BGaming’s #Classic Portfolio As the stepper-style format suggests, Hot Rocket 5x 3x 2x is the latest entry in BGaming’s #Classic series. This collection aims to replicate the feel of vintage gaming while integrating contemporary mechanics and sharp, modern aesthetics. The game also expands the popular Rocket Eruption series, transporting players back to a tropical island setting where volcanic activity and fiery rockets dominate the horizon. While the game pays homage to retro slots, its features are built for today’s players. With random 2x, 3x, and 5x multipliers appearing across the reels and Wild symbols offering payouts up to 500x, Hot Rocket 5x 3x 2x provides a hybrid experience that caters to both traditionalists and fans of modern video slots. Cause the Volcano to Erupt with Jackpot Spins The game includes Flashy Rocket symbols that can land on any reel, potentially triggering the Jackpot Spins bonus round, where players have the chance to secure one of five available jackpots. The five fixed jackpots in Hot Rocket 5x 3x 2x are: Mini: 25x Minor: 50x Major: 100x Mega: 200x Max: 1,000x To claim one of these prizes, players must land two matching jackpot symbols during the bonus round and connect them using a collector symbol. BGaming Hopes Players Will Enjoy This Explosive Tropical Journey Igor Bondarenko, BGaming’s product owner of publishing, noted that the release follows the success of the studio’s Rocket Eruption: Triple Blast. The team aimed to recapture the thrill of land-based machines while incorporating new elements. That is why we integrated a classic stepper design with dynamic features like Collector Symbols and Jackpot Spins. We hope players find the island’s energy as engaging as we did during development! Igor Bondarenko, product owner of publishing at BGaming In other recent developments, BGaming also debuted Ultras, a soccer-themed slot. 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.

19 5 月, 2026

Macquarie Expresses Confidence in US iGaming Sector as Revenues Surge

(AsiaGameHub) -   Financial services firm Macquarie has voiced strong confidence in the US iGaming sector, pointing to its robust performance during a period of mixed results for sports betting. The iGaming Sector Holds a Strong Position Macquarie noted that US online casino gaming is continuing to grow, even though it has a far smaller regulatory footprint compared to sports betting. While more than half of all US states now offer at least one form of legal betting, only a small number have formally launched iGaming to date. Latest performance data indicates the online gambling sector’s aggregate Q1 EBITDA came in 9% above initial projections, signaling that the industry is healthy and expanding. However, deeper analysis shows that iGaming’s growth rate is outpacing that of sports betting, creating a clear performance gap between different types of operators. Macquarie highlighted Rush Street Interactive (RSI) as one of the sector’s top performers, reporting that its EBITDA surpassed earlier forecasts by 25%. This outcome led the firm to adjust its 2026 outlook, lifting RSI’s EBITDA projections by 9%. By contrast, Super Group beat expectations by 5%, leading to a 1% upward bump to its forecasts. At the same time, major sportsbook brands including DraftKings and Flutter (FanDuel) were forced to cut their full-year EBITDA forecasts. According to Macquarie, this performance gap stems from a range of factors, including challenges sportsbooks face from the prediction markets industry. The firm also named the inherent volatility of sports betting as an additional contributing cause. Industry analysts also noted that the divide points to stronger structural growth and clearer margin visibility for iGaming-focused companies. Data Reveals Disconnect Between Forecast Adjustments and Share Price Movements Meanwhile, Macquarie added that recent results show even minor underperformance can have a disproportionate impact on a company’s share price. It used Sportradar as an example: the firm’s shares dropped 23%, despite only a 1% cut to its projected EBITDA. On the flip side, better-than-expected results generally boost investor confidence, as demonstrated by RSI. A 9% upward revision to RSI’s 2026 projected EBITDA triggered a 22% jump in the company’s share price. However, Macquarie explained that this apparent disconnect between share prices and earnings projections is not caused only by changes to earnings outlooks, but also by a host of other unrelated factors. In any case, Macquarie remains bullish on RSI and has raised the company’s target share price to $30. 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.

19 5 月, 2026

DraftKings Closes Wrigley Field Sportsbook Amid Illinois Tax Burden

(AsiaGameHub) -   DraftKings has closed its Wrigley Field sportsbook in Chicago, Illinois, attributing the decision largely to escalating tax pressures. The company announced that May 31 marked the venue’s final day of operation. Wrigley Field Sportsbook Closes After Offering Betting for Two Years Located adjacent to Wrigley Field—the home stadium of Major League Baseball’s Chicago Cubs—the sportsbook debuted its bar and restaurant in 2023, with full sports betting services launching the following year. In its official statement, DraftKings confirmed that May 31 would serve as the last day for sports wagering at the location. Moving forward, the lounge will continue operating without sports betting functionality, though patrons may still place bets via the DraftKings mobile app while on-site. DraftKings to Take a More Focused Approach to Investing in the State DraftKings pointed to recent tax policy changes in Illinois as a primary factor behind the closure. Under current regulations, sports betting operators in the state are subject to a gross gaming revenue tax ranging from 20% to 40%, based on their designated tier. This tiered structure requires any sportsbook generating more than $200 million in annual sports betting revenue to pay the higher 40% rate. Already burdened by one of the nation’s highest tax rates, operators faced additional strain last year when Illinois imposed a per-bet fee: 25 cents on each of the first 20 million wagers annually, and 50 cents on every wager thereafter. The situation was further exacerbated by Chicago’s recent implementation of a 10.25% municipal tax on sports betting revenue—a move that proved decisive for DraftKings, prompting the discontinuation of its Wrigley Field betting operations. DraftKings acknowledged its partnership with the Chicago Cubs as a point of pride but indicated it would now adopt a “more focused approach” to its investments within Illinois. DraftKings Poised for Growth Despite challenges in Illinois, Macquarie analyst Chad Beynon recently voiced strong confidence in DraftKings, citing one of the most compelling structural growth narratives in the gambling sector over recent years. This optimism is bolstered by the rapid expansion of the company’s prediction markets platform, DraftKings Predictions. 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.

19 5 月, 2026

EveryMatrix Advances North American Strategy via Alberta Licence

(AsiaGameHub) -   EveryMatrix has received approval to expand its operations in Alberta, positioning it for entry into the province’s upcoming regulated betting market. The Malta-based gaming technology company has been growing its presence across various gaming markets in the Americas over recent years, following a strong foundation built in Europe. Its North American footprint currently includes the U.S. states of Connecticut, Pennsylvania, Michigan, New Jersey, and West Virginia, as well as Ontario—Canada’s sole licensed gambling market since 2022. Since Ontario established its regulated online betting sector, the province has become one of North America’s most significant gaming markets, with CA$9.6 billion (£5.2 billion) in wagers placed through licensed sportsbooks and casinos reported in March. Starting from 1 July 2026, Alberta will launch a highly anticipated multi-licence market, joining Ontario in the east, attracting numerous European operators and suppliers such as EveryMatrix. EveryMatrix’s expansion into Alberta has been facilitated by conditional licensing approval granted by the Alberta Gaming, Liquor and Cannabis Commission (AGLC). Rani Axon, Market Manager for North America at EveryMatrix, commented: “Entering Alberta represents an exciting milestone for the Group as we continue our growth in one of North America’s most promising regulated markets.” “This approval reflects the strength of our compliance team and our ability to meet regulatory requirements across diverse jurisdictions.” EveryMatrix’s move into Alberta is part of a broader push into the North American market, highlighted earlier this year when the London-founded, Malta-headquartered firm joined the North American Association of State and Provincial Lotteries (NASPL). While focusing on North America, the company remains active in other regions, having recently signed agreements with Merkur and Fitzbet to serve Denmark and the UK respectively, along with partnerships in South Africa and Angola. 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.

19 5 月, 2026