(AsiaGameHub) - The Arizona Department of Gaming (ADG) announced a rise in tribal gaming contributions during the third quarter of FY26. This uptick coincides with the state ramping up its legal battle against sports prediction markets, claiming these platforms engage in illegal gambling. In the latest quarter, the ADG received more than $33 million from tribal gaming sources—an 8.3% jump compared to the same period last year. In a public statement, Jackie Johnson, Director of the ADG, noted: “Tribal gaming contributions offer essential backing for state and local programs that help maintain safe, robust, and prosperous communities throughout Arizona.” More than $16 million of these funds were allocated to the Instructional Improvement Fund and Education initiatives, while the Trauma and Emergency Services Fund got approximately $8 million. Both the Arizona Wildlife Conservation Fund and Tourism Fund each received $2.3 million, and slightly over $600,000 was directed to problem gambling education, treatment, and prevention efforts. Tribal Funds Support Legal Battle Against Kalshi The ADG was directly allocated over $3 million from these funds for operational expenses. A portion of these costs covers legal fees related to its court disputes with prediction market platform Kalshi. Johnson is being sued by Kalshi over the ADG’s efforts to bring charges against the company. Earlier this week, the ADG and its Chief Law Enforcement Officer, Douglas Jensen, were removed as defendants in the case, leaving only Johnson and Attorney General Kristin Mayes as remaining parties. In the wake of the lawsuit, Mayes took an unprecedented step by filing criminal charges against Kalshi. The company faces 20 counts, including betting and wagering offenses as well as election wagering violations. “Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,” said Mayes. Tribal Nations Join Legal Case Against Kalshi On April 1, 28 tribes—six based in Arizona—submitted an amicus brief to support the ADG in its case against Kalshi. Arizona has emerged as one of the country’s top tribal gaming regions, where 16 out of its 22 federally recognized tribes run 26 casinos in the state. These establishments generate roughly $3 billion in annual gaming revenue. The tribes contend that Kalshi’s sports market offerings violate Arizona’s gaming compacts, which remain in effect until 2046. “Kalshi, without any license or approval by the Arizona Tribes or the State, brazenly entered onto state and tribal lands to conduct unregulated gaming with its so-called ‘legal sports betting’ app,” said the filing. “In doing so, Kalshi is siphoning vital tribal and state government revenue into its owners’ pockets. For tribes, gaming is not just a commercial endeavor but an existential one.” Arizona is among several states pursuing legal action against Kalshi and other prediction market platforms. Crypto.com has agreed to exit Arizona, but to date, only Nevada has managed to successfully impose restrictions on Kalshi. Kalshi Denies Allegations, Yet Identifies Its Service As Gambling In response to the charges, Kalshi told CasinoBeats, “These state-court charges are seriously flawed. It’s gamesmanship.” The company maintains that it operates legally as a platform licensed by the Commodity Futures Trading Commission (CFTC). “As other courts have recognized, Kalshi is a regulated, nationwide exchange for real-world events, and it’s subject to exclusive federal jurisdiction. It is very different from what state-regulated sportsbooks and casinos offer their customers. We are confident in our legal position,” said a company spokesperson. In legal proceedings, Kalshi claims its product is distinct from gambling. However, when applying to the U.S. Patent and Trademark Office last year to trademark the term “prediction market,” it requested that its proposed intellectual property rights include the gambling sector. As reported by Sportico, in its November filing, Kalshi also stated that its prediction market product is linked to “bookmaking services, including providing information related to sports betting; organizing, arranging, and conducting sports betting and gambling tournaments, competitions, and contests.” 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 recent archaeological discovery indicates that Native Americans participated in games of chance as early as the Ice Age, approximately 12,000 years in the past. This positions them as the earliest known people to take part in such pursuits. The research was released in the publication American Antiquity. Robert Madden, an archaeologist from Colorado State University, examined archived records of Native American artifacts to identify the most ancient dice in the nation. His focus was on items scholars believed were connected to gaming or dice. “The results suggest that dice, games of chance, and gambling have been a persistent feature of Native American culture for the last 12,000 years, with the earliest dice appearing in Late Pleistocene Folsom deposits in Wyoming, Colorado, and New Mexico,” wrote Madden. Were Americans First Humans To Gamble? While Colorado still discusses the definitions of skill-based and chance-based games, the proof implies North Americans were wagering long before other populations. Earlier studies uncovered evidence of artifacts like dice and lottery-style games dating from roughly 5000 to 6000 years ago. This seems to be a widespread human practice, with analogous finds in ancient Egypt, China, ancient Greece, and Rome. For his quest to find the earliest dice, Madden applied specific standards. First, Native American 'dice' were two-sided. Also, the artifacts needed to be marked on at least one face and small enough to hold in a hand. They also could not possess holes, as that might suggest use as adornment. Madden identified 565 objects fitting these parameters and concluded at least 94 were probable gaming pieces. These items came from 57 archaeological locations spread over 12 states, all within the Great Plains and western U.S. The majority were from 2,000 to 450 years old, but a minimum of 31 were from 8,000 to 2,000 years ago, and at least 14 originated as far back as 12,000 years ago. Native Americans and Gambling Madden further stated that “the findings presented here place prehistoric Native American groups at the forefront of the invention of dice, games of chance, and gambling.” Researchers had earlier noted more contemporary two-sided objects with distinct 'heads' and 'tails' sides, similar to coins used in modern betting games. Upon reaching the continent, early European colonists witnessed Native Americans partaking in these games. According to Madden, the events “were often raucous affairs with huge groups of people around.” In more modern times, tribal gaming saw a resurgence in the U.S. about five decades ago. The Seminole Tribe of Florida launched the first high-stakes bingo hall in 1979. The tribe maintains sole gambling rights in Florida, where other unauthorized gaming operations face legal action. A 1987 Supreme Court win for the Cabazon Band of Mission Indians in California prompted the passage of the Indian Gaming Regulatory Act (IGRA) in 1988. Tribes in California keep upholding their authority to provide the only legal gambling in the state. They are at the forefront of opposition to prediction markets, claiming they violate their gaming agreements. Although critics of tribal exclusivity contend an open market would generate increased employment, tax income, and drive innovation, the new find reveals the connection between Native Americans and gambling could be much more ancient than earlier understood. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
(AsiaGameHub) - During a March 31 address at New York University Law School, David Miller—recently appointed Director of Enforcement at the Commodity Futures Trading Commission (CFTC)—told the audience, “the era of regulation by enforcement is over,” marking a major shift in the commission’s strategy. In his speech, he emphasized that under the CFTC’s current leadership, the commission will focus on its core mission of “policing fraud, abuse, and manipulation” rather than setting policy. He also issued one of the clearest warnings to date for prediction market traders, stating the commission will “aggressively detect, investigate, and, where appropriate, prosecute insider trading” in these markets. Miller underscored that using inside information to trade on prediction markets isn’t a victimless crime and carries “serious consequences for market integrity and trust.” Miller Affirms Prediction Markets Are Not Exempt From Insider Trading Rules Miller used his NYU speech to outline five key enforcement priorities for the CFTC, with insider trading and market manipulation at the top of the list. He specifically called out what he described as a “myth in the mainstream media and social media” that prediction markets are exempt from insider trading laws, noting those claims are “wrong.” Miller explained that the Commodity Exchange Act and Rule 180.1—both modeled after federal securities laws—allow the agency to treat certain types of insider trading in commodity and swap markets as fraud. A trade comes under scrutiny when it involves information someone was obligated to protect, he said, stressing that regular informed trading isn’t a problem and the agency targets those who “tip or trade with misappropriated information.” Prediction market exchanges also have a responsibility to protect their platforms, according to Miller, who called them the “first lines of defense” against insider trading and manipulation. He noted exchanges have a statutory obligation to “protect markets from abusive practices” and only list contracts that aren’t “susceptible to manipulation.”Former CFTC regulator Carl Kennedy explained these responsibilities to CasinoBeats in a February interview, saying: “The CFTC is a mighty strong agency, but it’s a few people,” which is why Congress gave it the authority to let exchanges “help the agency regulate these markets.” He added, “If you are a registered exchange … one of your roles is also to be a regulator deputized by the CFTC to police your own market.” As part of their duty to police their own markets, Miller said exchanges have “an obligation to have appropriate surveillance, compliance practices and procedures” in place to “promote fair and equitable trading.” During his speech, Miller also highlighted a recent case involving Kalshi, where a MrBeast editor used job-related information to place trades on the platform.He also pointed to the CFTC’s new information-sharing agreement with MLB as an example of the agency’s proactive approach to integrity risks in event contract markets. Washington’s Pressure on Insider Trading in Prediction Markets Grows Miller’s NYU remarks come as the CFTC and prediction markets face increased pressure from Capitol Hill to stamp out insider trading. On March 29, Sen. Elizabeth Warren (D-MA), along with 41 other lawmakers, sent a letter to CFTC Chairman Michael Selig and the Office of Government Ethics calling on them to issue formal guidance to federal employees, warning against using inside information to trade on prediction markets. In that letter, lawmakers point to suspicious trading ahead of the January capture of Nicolás Maduro by U.S. Armed Forces, well-timed bets that appeared to anticipate March’s joint U.S.-Israeli strikes on Iran, and speculation over former Department of Homeland Security Secretary Kristi Noem’s job status. Congress is also using legislation to target insider trading on prediction markets, introducing several bills since the start of the year, including: The PREDICT Act: Prohibits members of Congress and senior federal officials from trading on political event contracts. The Public Integrity in Financial Prediction Markets Act: Bans federal officials from trading when they hold material nonpublic information obtained through official duties. The End Prediction Market Corruption Act: Bars the president, vice president, and members of Congress from trading event contracts entirely. Given the focus on insider trading in Miller’s speech, it seems the CFTC is trying to send a message before the next scandal breaks: while prediction markets may be new politically, the agency doesn’t see insider trading as a legal gray area and has the power to pursue traders who misuse nonpublic information. This article is provided by a third-party. 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(AsiaGameHub) - A technical fault in a William Hill online slot has been linked to a player suffering a heart attack. John Riding, aged 76, experienced cardiac arrest shortly after finding that his £285,000 ($376,000) winnings had vanished from his account. The error took place on the Jackpot Drop game last month. During that time, the platform distributed 35,072 jackpots, a significant increase from the 518 awarded during the same period the week before. Some users, like Riding, saw their balances credited with six-figure amounts. After celebrating the win at a local William Hill branch and telling his family, Riding was notified by the operator that the funds were issued by mistake. In a statement, the company explained, “A routine check of our platform's activity revealed a glitch with the Jackpot Drop game, which caused incorrect amounts to be temporarily added to player accounts and led to errors in withdrawal processing.” Stress and Disappointment Linked to Health Decline “I was completely crushed. It felt as though my dreams were destroyed,” Riding remarked to the Mirror. “I wasn't officially told it was a mistake, just that a ‘manual adjustment’ occurred. While the £285,000 is gone from my balance, the system still claims I am £285,000 ahead this month.” According to his family, Riding was in good health until he became stressed while trying to access and withdraw his funds. “The shock has been impossible to handle,” his son, Adam, stated. “It isn't just the money; it's the treatment. It feels like a major injustice, and the resulting stress has taken a toll on his health.” His daughter added that her father expressed an inability to cope with the pressure. “I attribute the heart attack to the stress. We all do!” A spokesperson for William Hill commented, “We are saddened to hear about Mr. Riding’s health issues and hope for his quick recovery.” Potential Group Legal Action The betting firm is now facing potential litigation. Paul Kanolik from Ellis Jones solicitors noted that about 50 affected individuals have reached out regarding a possible group lawsuit. The firm is encouraging other impacted users to contact them. Their website states, “At Ellis Jones, our legal team specializes in gambling claims, frequently assisting clients in recovering funds lost due to operator errors.” Last year, a similar legal battle was won against Paddy Power. The operator tried to cancel Corrine Durber’s £1 million ($1.3 million) win by claiming a system glitch. Following a five-year dispute, she was awarded the full sum. The judge noted, “It seems unreasonable for a trader to shift all the risk onto the consumer for its own negligence, errors, or poor digital testing.” Ellis Jones also highlighted the Andrew Green v Petfre case involving Betfred. Green won £1.7 million ($2.25 million) because of a technical error and was eventually paid after a judge found Betfred’s terms too ambiguous to deny the claim. With approximately 35,000 jackpots affected, William Hill is seeking cooperation from its users. “We have reached out to the customers involved to explain the situation and are recovering the funds according to our terms. We appreciate our customers' patience and apologize for the trouble,” the firm stated. William Hill’s future remains uncertain as its parent firm, Evoke, conducts a strategic review that could result in the split of the group, which also owns 888. 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) - Singapore has announced a leadership change at the Gambling Regulatory Authority, with Hoong Wee Teck assuming the role of chairman effective April 1. This appointment ensures that a senior figure with extensive law enforcement experience will lead the regulator responsible for overseeing all forms of gambling within the city-state. Good to Know Hoong Wee Teck commenced his term as GRA chairman on April 1, 2026. He succeeded Tan Tee How, who had chaired the authority since 2018. The Singapore Ministry of Home Affairs stated that Hoong served 38 years in the Singapore Police Force, including 11 years as commissioner. Singapore Hands GRA Chair to Former Police Chief The transition became effective on Wednesday, April 1, with Hoong Wee Teck moving from deputy chairman to chairman of the Gambling Regulatory Authority. Official Singaporean records now list him as the board's chairman. The Singapore Ministry of Home Affairs noted Hoong's 38 years of service in the Singapore Police Force, including 11 years as commissioner. This background provides the regulator with a chairman possessing deep expertise in enforcement and public sector oversight, particularly as Singapore maintains strict control over gambling activities. Tan Tee How is departing from the role after serving as chairman since 2018. The ministry extended its gratitude for his contributions, stating that he helped guide a broader transformation of the regulator's function. Under his leadership, the previous casino-focused structure evolved into a more comprehensive national gambling regulator.This aspect holds significant importance in Singapore. The GRA's mandate is no longer confined solely to casino oversight. The ministry explained that the authority was transformed from a casino regulator into the national regulator for all types of gambling in the country. Tan was also credited with assisting the agency in maintaining robust governance while ensuring gambling remains free from criminal influence and minimizing harm to society. Singapore continues to be one of Asia's most tightly regulated gambling markets, featuring a casino duopoly comprising Marina Bay Sands and Resorts World Sentosa. Within this context, the chairman's role carries weight far beyond merely overseeing land-based casinos. FAQ Who has been appointed as the new chairman of Singapore's Gambling Regulatory Authority? Hoong Wee Teck assumed the chairmanship of the Gambling Regulatory Authority on April 1, 2026. Whom did Hoong Wee Teck succeed? He took over from Tan Tee How, who had held the chairman position since 2018.What was Hoong Wee Teck's position prior to becoming chairman? He served as deputy chairman of the GRA before ascending to the top leadership role. What is Hoong Wee Teck's professional background? The Singapore Ministry of Home Affairs reported that he spent 38 years in the Singapore Police Force, with 11 of those years as commissioner. What changes did Tan Tee How facilitate at the GRA? The ministry indicated that under his guidance, the GRA transitioned from a casino-focused regulator to the national authority overseeing all types of gambling. Which casinos are operational within Singapore's regulated market? The city-state features a casino duopoly consisting of Marina Bay Sands and Resorts World Sentosa. 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) - Flutter has reintroduced its US poker operations under a new structure, bringing back the PokerStars brand rather than phasing it out entirely in favor of FanDuel. The new platform, which is listed in app stores as PokerStars on FanDuel, launched on Wednesday and has immediately altered the competitive landscape for shared liquidity online poker. Key Takeaways The new application is named PokerStars on FanDuel. Players in Pennsylvania are now part of a unified player pool with those in New Jersey and Michigan. Existing users can still access the previous client for withdrawals at this time. Shared Liquidity Returns to the Forefront The most significant practical change is not the branding, but the liquidity. Players in Pennsylvania are now combined with players in New Jersey and Michigan, creating a larger multi-state player pool for the relaunched network from the outset. This is important because PokerStars USA had lost ground after being slower than competitors to integrate Pennsylvania, which is the largest state by population with legalized online poker. Once a market leader, the brand had fallen behind partly due to the delayed integration. The relaunch also clarifies the branding strategy. Initial indications suggested a complete transition to FanDuel, but Flutter has retained the PokerStars brand within the product. Consequently, the brand is once again available to US players, albeit within a FanDuel-affiliated format.Players who still have funds in their old PokerStars USA accounts can log in to make withdrawals. By the end of the month, any remaining balances will be sent via check to the address associated with the player account. PokerStars “Lite,” which manages play money games and private clubs, appears to be unaffected and continues to operate as usual. New Bonuses Introduced Amidst Player Complaints Flutter has presented the product as an enhanced poker offering, leveraging PokerStars' software and FanDuel's market reach. Aaron Dugan, general manager of PokerStars at FanDuel, stated: “By combining PokerStars’ industry-leading poker experience with FanDuel’s scale and reach, we’re able to deliver bigger games, larger prize pools and a more dynamic experience. We look forward to welcoming players to the tables.” Players are being offered some initial incentives. All users are eligible to claim a sign-up bonus, including those who previously held PokerStars USA or FanDuel accounts. A PokerStars representative explained the rationale on the US Poker Community Discord, noting: “Poker is new and all players are treated as new regardless of prior Sports or Casino activity.”This reset also means that all players will need to select a new username. Flutter is also using the launch to reintroduce a version of the Sunday Million. Instead of a single event with a $1 million guarantee, the operator will host two tournaments with a $500,000 guarantee each on April 12. A series of freerolls totaling $150,000 is also part of the launch promotion. The long-term objective is clear. If FanDuel can successfully attract sportsbook and casino users to poker, game traffic could see an increase. However, operators typically aim to cross-sell poker players into sports betting and casino games, as these products generally generate higher revenue. The rollout has not been without its challenges. Initial player feedback included reports of technical difficulties and geolocation issues that prevented access. Some players also expressed concerns that the software has regressed and is not as high-quality as it once was. Game selection also appears to be limited in certain areas. Pot-limit Omaha eight-or-better, mixed games, heads-up tables, and sit-and-gos are not all currently available. A representative for the site indicated that PLO8 and mixed tables are planned for future release. There are currently “no plans” to introduce heads-up games or sit-and-gos. An additional restriction has been implemented: individuals who have self-excluded from FanDuel or have received an operator ban are not permitted to create an account on the new client. 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 cities in Los Angeles County are seeking voter approval after California altered regulations concerning blackjack at cardrooms. Commerce and Bell Gardens will present residents with a proposal in June for a quarter-cent sales tax increase, as local officials express concerns about potential negative impacts on city budgets and public services. Key Takeaways Commerce and Bell Gardens are scheduled for a June vote on a local sales tax increase. Both municipalities state the measure is intended to compensate for financial shortfalls linked to the blackjack rule changes. City leaders have declared fiscal emergencies and voiced criticism of Attorney General Rob Bonta. Revenue Pressure Prompts Tax Votes in Two Cities While the proposed tax increase appears modest, city officials assert that the underlying budget issue is significant. At a press conference on March 26, representatives from both cities indicated that California's new blackjack regulations have created a substantial deficit in local finances. Bell Gardens Mayor Miguel De La Rosa stated: “They gave cities like ours the ability to responsibly build our budgets. Now, that foundation is being pulled out from underneath us.” Bell Gardens city manager Michael B. O’Kelly emphasized the city's limited capacity to delay action. “If we don’t act now, we risk the ability to protect the community,” he said. “We are acting because we must, not because we want to.”Commerce city manager Ernie Hernandez cautioned that the consequences would affect daily operations, predicting that the rule change would lead to service delays and reductions. “The threat to our city is here,” he added. Commerce Mayor Kevin Lainez estimated that the tax increase could generate at least $4.5 million, though this would only partially address a projected loss ranging from $8 million to $19 million. In Bell Gardens, O’Kelly indicated the city anticipates a 40% revenue reduction and expects the tax measure to recoup approximately one-third of that loss. Blackjack Rule Change Disrupts Long-Standing Cardroom Model The new regulations, effective this month, eliminate the method cardrooms previously used to offer blackjack and other house-banked table games. California law designates these games exclusively for tribal casinos. Cardrooms had maintained these offerings through Third-Party Proposition Player Services (TPPPS), where external providers acted as the bank. This arrangement had faced opposition for years. Tribal operators contended that it infringed upon their exclusive rights to house-banked gaming, and state regulators have now implemented changes that cardrooms argue jeopardize their business model. Cardrooms have until May to outline their compliance plans.The impact extends beyond gaming floors, with operators warning that the ban endangers the broader cardroom economy. This industry encompasses over 70 cardrooms and nearly 20,000 employees statewide. The California Gambling Association has suggested that up to half of these jobs could be eliminated. Within Los Angeles County alone, County Supervisor Hilda Solis noted that cardrooms contribute to over $2 billion in economic activity and support approximately 9,000 jobs annually. Officials from Commerce and Bell Gardens also reported that Rob Bonta declined to meet with them or address their concerns. They used the press conference to call for the state to halt the ban. Bonta's office did not immediately respond to an inquiry from Gaming America regarding this claim. Lainez and De La Rosa urged voters to support the June measures, with Lainez highlighting that the burden disproportionately affects communities like theirs. “This is a terrible situation. We are a vulnerable community. We are a community of color, and if you look at the cardroom cities all across the state, they are also communities of color.” Frequently Asked Questions Why are Commerce and Bell Gardens holding tax votes? Both cities are seeking a quarter-cent sales tax increase to offset revenue losses associated with California's blackjack ban. What has changed under California's rules? The state has closed the cardroom model that permitted blackjack and other house-banked games through external proposition player services.When must cardrooms respond? Cardrooms have until May to submit their plans for complying with the new regulations. What are Commerce's projected losses? Commerce anticipates losses between $8 million and $19 million, with the proposed tax increase expected to generate at least $4.5 million. What are Bell Gardens' projected losses? Bell Gardens forecasts a 40% revenue decrease and states that the tax measure would recover approximately one-third of that amount. What is the scale of the broader cardroom industry in California? According to industry data, the sector comprises over 70 cardrooms and nearly 20,000 workers. What did local officials say about the wider impact? They stated that the budget impact could affect public services and disproportionately harm vulnerable communities of color. 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) - JPMorgan Chase is exploring the possibility of entering prediction markets, though CEO Jamie Dimon emphasized that any such move would be restricted. While the bank hasn't officially committed to a launch, the concept is currently under consideration. Key Points Jamie Dimon indicated that JPMorgan might eventually provide services within prediction markets. He specifically excluded political and sports betting from any potential offerings. The institution is also evaluating internal policies regarding staff participation on these platforms. JPMorgan Explores Prediction Markets with Specific Restrictions Dimon noted that the top U.S. lender is open to exploring the sector currently occupied by firms like Polymarket and Kalshi. “It’s possible one day we’ll do something like that,” he remarked during a CBS Evening News interview. However, he established clear boundaries for the bank's involvement. “We’re not gonna be in sports. We’re not gonna be in politics. There’s a bunch of stuff we won’t do. And obviously, we have strict rules around insider information,” he stated. This suggests a more specialized approach focused on financial sectors rather than general event trading. Should JPMorgan enter the market, it would likely concentrate on areas of existing expertise, such as interest rates, currencies, and commodities, instead of sports-related contracts.Dimon also characterized much of the industry as gambling rather than investment. “I think for the most part, it’s more like gambling,” he noted. “But there are areas where you could say, ‘No, it’s investing.’ You are deeply knowledgeable. You’re taking the other side of a bet. And you think … you know better than the other person.” Rising Interest Across Wall Street Traditional financial institutions are increasingly monitoring prediction markets despite ongoing regulatory scrutiny. While some critics view these contracts as unlicensed gambling, platform operators argue for federal regulation. Dimon expressed that he does not fundamentally oppose gambling, provided it does not lead to harmful consequences. “People have been gambling forever … every country I’ve ever been in, people gamble,” he observed. “I’m against it if it’s an addiction that ruins your life type thing.” He added: “I’m a little bit of a libertarian. You have the right to do what you want, the way you want. You know, just take care of yourself.”The broader industry continues to expand amidst this discussion. Intercontinental Exchange, which owns the NYSE, recently increased its stake in Polymarket to a $2.6 billion valuation. Meanwhile, Kalshi is developing margin trading capabilities to attract institutional investors. Additionally, JPMorgan is reportedly drafting internal rules for how its employees engage with prediction platforms. This aligns with Dimon's cautious stance: there is interest, but the bank is proceeding with care. 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 former Harrah’s Reno is once again the subject of market activity, though not as a returning casino resort, but as a redevelopment venture that may be attracting a new buyer. Madison Capital Group, which assumed control of the site following Chapter 11 bankruptcy proceedings late in 2024, reports that it has received inquiries regarding a potential sale even as site development continues. Key Takeaways Madison Capital Group has confirmed it has received an offer to purchase the entire Reno Revival project. Development work is proceeding regardless of whether a sale is finalized. The site has remained largely dormant since March 2020. Sale Interest Emerges Amid Ongoing Development While Madison Capital continues its fundraising efforts for the project, it is simultaneously evaluating interest from a prospective buyer. Ryan Hanks, CEO and founder of Madison Capital Group, noted during an investor webinar: “We’ve been … presented with an opportunity to sell the entire project.” He described the interested party as having a different profile than Madison, characterizing them as “a large family office that acts like an institution.” Hanks added that the potential buyer operates on a larger scale and appears more interested in long-term ownership, contrasting with Madison’s typical strategy of repositioning distressed assets for a later exit. Despite these discussions, Madison is maintaining its fundraising momentum. The firm continues to offer investment opportunities starting at $50,000, featuring a 15% annual guaranteed return, a holding period of one to two years, and 75% profit participation for preferred equity partners.Michael Culwell, a supervising partner at Irvine Advisors—which is collaborating with Madison Capital—emphasized that the project will move forward regardless of the outcome. “We’re not going to stop,” Culwell stated. “We’re going to continue moving forward because real estate deals don’t always close and we hate to waste 90 days or 120 days waiting around for something to happen when we could be moving forward with the project.” A New Vision for a Long-Dormant Property The site has been mostly vacant since March 2020, when Caesars Entertainment shuttered the facility following its merger with Eldorado Resorts, a move necessitated by regulatory caps on the number of properties the combined entity could operate. Harrah’s Reno debuted in October 1969 as the inaugural full-scale casino under the Harrah’s banner. The property features a 40,000-square-foot casino and 928 hotel rooms, and it has changed ownership multiple times since its closure. CAI Investments acquired the site in October 2020 for $41.5 million with plans for a mixed-use redevelopment, but progress stalled due to rising costs and COVID-19-related disruptions. In 2023, the property was sold to Gryphon Wealth Management, which also faced financial difficulties that ultimately led to bankruptcy before Madison Capital intervened.The project’s scope has evolved significantly. Previous iterations included plans for retail, office space, a grocery store, restaurants, and a country-themed nightclub. The current Reno Revival concept emphasizes residential and hotel components while retaining some hospitality and entertainment elements. The project's partnership structure has also changed. Boise-based developer Ahlquist joined the venture after Madison took over but departed in December, leaving Madison to manage the redevelopment internally. The initial phase is currently underway, featuring ground-floor dining and a gaming component managed by Las Vegas-based Fine Entertainment. Although previous owners had not intended to restore gaming, a limited return has already occurred with the November opening of The Mint, a boutique gaming venue featuring 18 machines. Located near the Reno Arch, the property remains one of downtown Reno’s most prominent landmarks. Its significance extends beyond the city, as Harrah’s Reno was the first casino hotel to carry the Harrah’s brand, which now encompasses 19 properties nationwide. The name also remains associated with the William F. Harrah’s College of Hospitality at the University of Nevada, Las Vegas. 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) - Evoke, the operator of William Hill, is poised to close approximately 200 of its betting shops across the UK, with the initial closures slated to commence in May. This decision stems from the group grappling with increased operational costs, a more stringent tax environment, and an ongoing strategic review that could still lead to further modifications across the business. Good to Know Evoke intends to shut down about 200 outlets, which constitutes roughly 15% of its retail portfolio. The program for these closures is scheduled to begin in May. The broader strategic assessment might still encompass asset divestitures or other potential alternatives. Evoke Cuts Shops as Tax Pressure Builds The operator informed its staff on Tuesday that around 200 retail locations would be permanently closed. Evoke later confirmed this plan, stating that the closures are part of a wider strategic review that has been underway since December. This review extends beyond just the shops. The group has been evaluating options including a partial sale, a complete sale, and what it termed a “range of potential alternatives.” Consequently, while the closure plan is now clear, the ultimate outcome for the business remains undetermined. Pressure had been mounting for several months. Prior to the autumn budget, retail betting operators had warned that higher taxes could necessitate shop closures. When Chancellor Rachel Reeves confirmed a significant increase to Remote Gaming Duty and Remote Betting Duty, the threat became more immediate. Per Widerström, who served as chief executive at the time, subsequently confirmed in January that closures were forthcoming.One aspect of that tax change became effective today, while the increase in Remote Betting Duty is set to begin in April 2027. Evoke operates approximately 1,300 betting shops throughout the UK, making the planned reduction a substantial cut to the William Hill retail network. The company stated that the stores selected for closure are no longer viable under current market conditions. In a statement shared with iGaming.org, Evoke commented: “Following a comprehensive review and in light of increased cost pressures on the regulated sector, including significant tax increases announced by the government in last year’s autumn budget, we will be closing a number of shops that are no longer sustainable from May. “We are providing our full support to our retail colleagues who are impacted by these closures.“These decisions are never made lightly; however, in the face of rising cost pressures, we must take action to ensure we can continue to invest in our core retail estate, with the right shops, in the right locations.” Retail Betting Continues to Shrink Evoke is not an isolated case. Other major operators had previously cautioned that the tax increase could affect retail estates across the market. Betfred and Entain were among the groups that voiced concerns. Flutter also closed 57 shops in 2025 as the land-based betting sector continued to decline. 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) - Gibraltar has awarded its first license to a prediction markets operator, putting the territory at the forefront of a sector that remains unregulated across most of Europe. The approval was granted to Predict Street Ltd, while officials also signaled their expectation of further growth in this industry vertical. Good to Know Gibraltar granted a license to Predict Street Ltd on 26 March under the 2005 Gambling Act. Minister Nigel Feetham stated that prediction markets could develop into a significant growth area for Gibraltar. Malta is also developing a local regulatory framework, though Gibraltar appears to be the first European jurisdiction to issue a direct license for this type of operation. Gibraltar Takes an Early Lead on Prediction Markets The license was issued prior to the new Gambling Act taking effect, so Gibraltar utilized the older 2005 Gambling Act to secure the approval. During Tuesday’s parliamentary session, Minister for Justice, Trade and Industry Nigel Feetham remarked: “We anticipate this will become a major growth area for Gibraltar.” He further added: “A new license has been granted, notwithstanding that the new Gambling Act has not yet come into force and the new license had to be issued under the prior legislation. This marks record timing for the issuance of a regulatory license in Gibraltar.” Per Gibraltar’s gambling registry records, Predict Street Ltd was licensed as a betting intermediary on 26 March. Predictstreet.io notes that it serves as the official prediction market partner for the upcoming 2026 FIFA World Cup, and displays a countdown leading to its April 9 launch. The platform is powered by ADI Chain, a blockchain services provider based in Abu Dhabi. The timing of this license is meaningful for Gibraltar. The territory has been seeking ways to strengthen its regulatory appeal after changes to UK gambling duties raised pressure on operators based there. Feetham shared that he has taken a more direct role in promoting Gibraltar’s regulatory offerings following those tax policy adjustments. Europe Remains Divided Over the Prediction Market Sector Gibraltar is now widely considered the first European jurisdiction to directly grant a license to a prediction markets operator. Malta is pursuing a similar regulatory path, but has not yet reached this milestone. On 26 March, Economy Minister Silvio Schembri stated that Malta is “actively exploring the emerging prediction market sector, an area seeing rapid global momentum which presents significant opportunities for innovation.” He also noted that any legislative changes would need to be “supported by a clear, forward-looking regulatory framework that enables responsible, large-scale development.” Across the rest of Europe, the regulatory landscape is far more restrictive. Germany and the Netherlands maintain strict limits on novelty-style sports betting markets, while countries including France and the Netherlands have classified prediction markets as illegal gambling or unlicensed financial products. Both nations have blocked Polymarket. This puts Gibraltar in a unique regulatory position. Rather than waiting for unified European guidelines, the territory has moved forward with issuing a license, giving Predict Street a competitive head start as European nations continue to debate how to classify prediction markets. 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) - Pragmatic Play has expanded its online slot collection with the introduction of Jelly Express. This new game features a candy theme, a 6x5 grid, and a train mechanic that significantly influences gameplay in both the base game and the bonus round. Key Details Jelly Express is played on a 6x5 grid, with wins awarded for eight or more matching symbols appearing anywhere on the board. Wild symbols, depicted as candy trains, can apply multipliers ranging from 2x up to 100x. The maximum win potential for the game is 5,000 times the player's initial bet. Jelly Express Introduces Train Mechanics and Bonus Selection Options In Jelly Express, players are immersed in a sweet candy world, guided by a gummy bear conductor on a train that moves through the game. In the base game, players can achieve wins of up to 50 times their bet by landing eight or more matching symbols anywhere on the grid. The inclusion of candy train wilds further enhances winning potential by applying multipliers that can reach up to 100x. The primary bonus feature is triggered when three scatter symbols land. Upon activation, players are presented with six distinct feature options, each offering a unique combination of free spins and multipliers. The number of free spins can be as high as 25, and multiplier values can again go up to 100x. For those who prefer an element of surprise, a mystery option is also available. The bonus gameplay can be further enhanced. If an additional scatter symbol lands during the feature, Super Free Spins may be unlocked. In this enhanced mode, a train mechanism positioned above the reels collects multiplier values as the round progresses. These accumulated values are then applied to all wins that include wild symbols, elevating the maximum win potential to 5,000 times the original bet.Additionally, in select markets, the slot offers supplementary options for players. These include bonus buy features and enhanced betting modes designed to increase the likelihood of landing free spins, guarantee wild symbols on every spin, or initiate multiplier values at 10x before they are further increased through consecutive tumbles. Sharon McHugh, Director of Public Relations at Pragmatic Play, commented: “Jelly Express is on track to deliver an original gaming experience, putting players at the heart of the action with a colourful candy land setting, wild multipliers, special bets, and engaging bonus features.” 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) - Louisiana will not prohibit proposition betting and microbetting this year after a financial assessment highlighted worries about a significant loss of state income. Senator Katrina Jackson-Andrews stated she continues to consider the matter serious, but the anticipated budgetary impact compelled her to pause the effort for the time being. Good to Know A financial review indicated the state could forfeit close to $40 million annually if prop bets are eliminated. The proposed legislation focused on prop bets and microbets, which encompass wagers on minor in-game occurrences. Senator Katrina Jackson-Andrews stated her intention to re-examine the matter next year. Revenue Worries Halt Louisiana Prop Bet Proposal SB354, introduced by Sen. Katrina Jackson-Andrews in late February, sought to prohibit prop-style betting and microbetting at legal sportsbooks in Louisiana. These wagers include bets on specific, small events within a game, like the outcome of the first pitch in a baseball at-bat. Jackson-Andrews mentioned that Louisiana Progress, an advocacy organization for low-income and working-class residents, reached out to her regarding the issue. She also cited observations within her own family as sports betting became more prevalent. This combination motivated her to introduce the bill. Subsequently, the fiscal note arrived. After reviewing the figures, Jackson-Andrews withdrew her support.“It is an extremely serious issue that I need to revisit without this type of fiscal note on it,” she remarked about the prop betting bill during a Senate Judiciary B Committee hearing. “I realize the serious nature of what it does to the budget.” The Louisiana Legislative Fiscal Office projected the state's general fund could decrease by $21 million per year. Additional state-supported funds might see a further loss of $17 million. In total, the estimated annual reduction was nearly $40 million if prop bets were eliminated from the legal marketplace. “I try to bring very responsible legislation, and I believe this piece is a responsible piece of legislation, but also, serving on finance, understanding that if this bill moves forward, we will have to find that (millions of lost funding) for the state general fund,” Jackson-Andrews said. Louisiana sportsbooks currently provide major markets, futures, parlays, microbetting, and player props. Wagering on college player props is already prohibited, but legal operators can still offer these markets for professional athletes in sanctioned events.Safety Concerns Remain Under Discussion Despite the bill being stalled, the hearing clarified that the broader discussion is ongoing. Jackson-Andrews characterized prop bets and microbets as inherently “compulsive in nature,” though she confirmed she will not advance the issue until the following year. Judiciary B chairman Mike Reese stated that legislators must still address the societal aspects of sports betting, even if the financial consequences complicate immediate measures. “Senator … you and the other proponents that have spoken today brought up some very important issues, and I hope that the industry that’s present today is hearing what those concerns are from a social aspect, from a mental aspect, from the aspect on the impacts of our youth, many of which you and I would agree are more important to our state than the fiscal impact of the note,” Reese said. He also highlighted an additional challenge. If legal operators lose these betting markets, some gamblers might turn to offshore or illegal platforms. “But you have to balance that with the idea that there’s also this illegal market that could supplant whatever we were to take away from the regulated market makes the whole conversation relatively difficult,” Reese continued. “But I hope that the industry will come to the table and help us address maybe the shortcomings that you’ve pointed out here today.” Data from the Louisiana Gaming Control Board, reported by NOLA.com, shows that prop bets and microbets represent 40% of mobile sports betting handle in the state and 13% of retail sportsbook wagering. This helps clarify why the financial projection was so substantial.The analysis also suggested that consumer demand for gambling would probably not decrease significantly if prop bets vanished. Instead, spending would likely move to other legal gaming options. “Consumer activity is expected to shift to other available forms of gaming rather than be substantially reduced,” it states. “To the degree this happens, the projected negative revenue impacts may be mitigated to an unknown degree.” 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) - Following Washington's lawsuit against Kalshi in state court, Robinhood initiated its own federal case just days later. This new legal action intensifies the ongoing dispute over prediction markets, with state regulators asserting that these products resemble gambling, while operators contend that federal law governs them. Key Takeaways Robinhood filed a federal lawsuit against Washington after the state sued Kalshi in state court. Robinhood stated that Washington presents a "concrete and imminent threat" of enforcement action. This legal situation mirrors a previous case involving Massachusetts. Robinhood Seeks to Preempt Washington's Actions Robinhood's lawsuit was filed in the U.S. District Court for the Western District of Washington at Tacoma. The company's complaint stated, "there is a concrete and imminent threat that Washington will file an enforcement action against Robinhood as it did against Kalshi." This move was anticipated. Robinhood partnered with Kalshi last year, enabling the brokerage to offer prediction market event contracts through this alliance. Consequently, when Washington took action against Kalshi on Friday, Robinhood had clear grounds to believe it could be the next target, especially if the state prevailed or expanded its legal efforts. Robinhood is requesting an injunction from the court, stating, "prevent further harm to Robinhood, the Court should enjoin Defendants from enforcing preempted Washington law against Robinhood in contravention of the United States Constitution."Prediction markets continue to face legal challenges due to their ambiguous nature, which is interpreted differently by regulators and operators. The contracts can bear a resemblance to sports betting or other forms of gambling. State officials, observing this similarity, attempt to apply state gambling laws. Conversely, operators argue that federal oversight, rather than state law, is the applicable framework for these markets. A Recurring Legal Scenario is Emerging This sequence of events is not unique to Washington. The current legal battle closely resembles the situation in Massachusetts. In September, Attorney General Andrea Joy Campbell sued Kalshi in state court, alleging illegal sports betting. Within days, Robinhood filed a federal lawsuit against Massachusetts. This repeated pattern offers insight into the industry's trajectory. Over a dozen state and tribal regulators are already engaged in legal disputes with prediction market operators, and the central question remains consistent: Can states utilize gambling laws to regulate these contracts, or does federal law preclude such actions? 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 Downtown Grand in Las Vegas is being prepared for a potential sale following a court-ordered receivership initiated in early January. This action follows a default on a $90 million construction loan, with court documents indicating that the lender is moving forward with recovery efforts. Good to Know The Downtown Grand was placed into receivership on January 5. The legal conflict involves a $90 million construction loan. The hotel-casino remains operational as preparations for a sale proceed. Receiver Initiates Sale Process for Downtown Grand Following a loan default by the owners, Banc of California successfully petitioned for court-sanctioned receivership. The Clark County District Court approved the request on an expedited basis, naming Paul Huygens of Province LLC as the receiver, with an amended order issued on January 6. The court determined that the Downtown Grand and its associated LLCs, which served as loan collateral, should be placed under the management of a third party. Since that time, the receiver has assumed full operational control of the premises. According to court filings, the ownership group originally obtained an $82.5 million loan in 2019 for the construction of a new hotel tower, which was increased by $7.5 million in August 2020. Banc of California, previously known as Pacific Western Bank, claimed that interest payments ceased on March 21, 2025, and that the loan remained unpaid upon its August 19, 2025, maturity date.Furthermore, the lender asserted that the ownership entities have been unable to meet their financial obligations since at least July 2024, characterizing the group as insolvent. Marketing Efforts Underway as Casino Operations Continue A stipulation and order dated March 5, which was noted on March 25, indicates that the receiver has begun the groundwork for a sale. The filing states that Huygens has “largely stabilized operations” with the assistance of additional funding provided by Banc of California. Preparations for the sale are currently in progress. A 53-page confidential information memorandum has been prepared, and an online data room containing over 500 documents has been established. Sale materials were distributed to 162 potential buyers on January 31. By the middle of February, 25 parties had executed nondisclosure agreements to access the data room, and 17 groups had participated in discussions with the receiver’s team. Huygens is anticipated to file a motion in the near future requesting court authorization for a formal sales procedure.The March 5 stipulation permits the receiver to operate under the Nevada Uniform Commercial Real Estate Receivership Act. This legislation allows a receiver to sell assets free and clear of subordinate liens and rights of redemption, a structure intended to streamline future transactions and maximize value. The act also affirms the receiver's authority to oversee contracts, leases, and vendor agreements while the property is under court supervision. The Nevada Gaming Control Board has not clarified whether the receiver requires temporary licensing or specific approvals to continue casino operations. A spokesperson stated that the board “is aware of the situation at Downtown Grand, and we are monitoring it closely,” but declined to provide further comment. At present, the Downtown Grand continues to function under receivership, with existing staff and vendors remaining in place as the sale process advances. Future court filings are expected to outline the bidding process, timeline, and requirements for prospective buyers, including whether a stalking-horse bidder will be designated. 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 year’s first golf major is here, as The Masters gets underway next week at Augusta National. Rory McIlroy is the defending champion, having completed his career grand slam last year. DraftKings Odds for The Masters Take a look at the odds for top contenders to win The Masters at DraftKings: Scottie Scheffler +405 Jon Rahm +850 Rory McIlroy +1000 Bryson DeChambeau +1075 Xander Schauffele +1800 Ludvig Aberg +2000 Cameron Young +2350 Tommy Fleetwood +2500 Matt Fitzpatrick +2600 Collin Morikawa +3100 Justin Rose +3600 Jordan Spieth +3800 Brooks Koepka +3800 Hideki Matsuyama +3900 Russell Henley +4200 Chris Gotterup +4300 Patrick Reed +4400 Robert MacIntyre +4600 Viktor Hovland +4600 Si Woo Kim +4700 Min Woo Lee +5400 Justin Thomas +5500 Patrick Cantlay +5700 Adam Scott +6200 Akshay Bhatia +6500 Sepp Straka +6700 Jason Day +6800 Tyrrell Hatton +6800 Jake Knapp +6900 Shane Lowry +7000 Scottie Scheffler, as usual, is the betting favorite. He’s aiming for his third green jacket after winning in 2022 and 2024. Top Picks for the 2026 Masters Champion Favorite Pick: Ludvig Aberg (+2000) Ludvig Aberg is competing in The Masters for the third time. The skilled Swede made a splash at Augusta National in his 2024 debut, finishing as runner-up. Last year, Aberg was tied for the lead with McIlroy and Justin Rose late in Sunday’s final round. Regrettably, he bogeyed the 17th hole and suffered a triple bogey on the 8th, dropping to seventh place by the end. The question isn’t whether Aberg will win The Masters, but when and how many times. We’re optimistic about his chances this year, given his tied-for-third finish at the Arnold Palmer Invitational and tied-for-fifth at The Players Championship. Sleeper Pick: Russell Henley (+4200) Russell Henley is still chasing his first major title, but he’s on the cusp of a breakthrough. The Georgia native finished tied for fourth at the 2023 Masters—his best result in a major tournament to date. He also notched a solo fifth-place finish at the 2024 Open Championship and a tied-for-seventh at the US Open that same year. Henley earned his fifth PGA Tour win at the 2025 Arnold Palmer Invitational earlier this year. If he finds himself in contention again on Sunday, it wouldn’t be surprising to see him wearing a green jacket. Photo by Kris Johnson Longshot Pick: Adam Scott (+6200) Do you remember Justin Rose at Augusta National last year? Only McIlroy’s inspired playoff performance kept him from claiming the green jacket. Adam Scott could be this year’s version of Rose—he won The Masters in 2013 and was runner-up in 2011. At 45, both players are still playing some of the best golf of their careers. Scott is making his 25th career start at The Masters, with five top-10 finishes at Augusta National under his belt. With his long drives and deft touch on the greens, Scott has the game to win here again. His recent form includes a fourth-place finish at Riviera and a tied-for-11th at the Arnold Palmer Invitational. 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) - Authorities in Macao have taken a self-proclaimed Chinese gambling expert into custody following an inquiry into suspected embezzlement and fraud. While investigators withheld the individual's name, TDM, a Macao media outlet, reported that the suspect is a 31-year-old man from Mainland China. According to police, the individual swindled a middle-aged woman out of roughly 255,000 patacas (nearly $32,000) by offering to instruct her in gambling techniques. Law enforcement noted that the "guru" first encountered the woman last November and scheduled a gambling trip to Macao shortly thereafter. To establish credibility regarding his supposed expertise, the man reportedly showed the victim a WeChat Pay balance totaling 1.8 million yuan (exceeding $260,400) on multiple occasions before they began gambling, police said. Upon arriving in Macao, the pair met near the Hengqin Port checkpoint and reportedly visited two local casinos. A government building located in Macao's Hengqin Port district. (Image: Enviro2800 [CC BY-SA 4.0]) Gambling Expert Apprehended at Border Crossing Officials stated that the man secured two loans from the victim under the guise of demonstrating his gambling prowess. His reputation as a skilled player was quickly debunked when he proceeded to lose the majority of the borrowed funds, police noted. The suspect allegedly told the woman he was unable to pay her back immediately, citing daily transfer restrictions on the electronic payment platform. The man subsequently fled the scene and attempted to return to the mainland, but was intercepted and arrested at a border checkpoint on March 24. During the ensuing interrogation, investigators determined that his claims of possessing over $260,000 in his digital accounts were entirely fabricated. Police concluded that the suspect lacked the necessary funds to reimburse the victim for the borrowed money. Ongoing Enforcement Efforts Macao law enforcement is maintaining its push against crimes linked to the gaming industry. On March 30, the Judiciary Police announced the arrest of a 32-year-old Mainland Chinese national at Macao International Airport. This individual, along with a suspected partner, is accused of tricking an unauthorized currency exchanger out of casino chips valued at more than $2,760. The woman who was targeted in the scam will also face charges for her involvement in an illicit currency exchange ring, according to police. Authorities observed that unregulated currency exchange activities are prevalent in the vicinity of Macao's casinos. Earlier in January, the Public Security Police Department detained a man suspected of conducting thousands of dollars worth of unauthorized currency trades involving Hong Kong and Mainland Chinese tender near major gaming venues. 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 former Caesars Palace staff member has filed a lawsuit against the casino, claiming his race was the primary reason for his firing. Felton Davis, who is African-American, worked at the Las Vegas-based Caesars Palace hotel and casino for 13 years, spanning from May 2012 through October 2025. The casino suspended and subsequently fired him last year, citing claims that he was taking “unlimited breaks.” Other Staff Members Spared Disciplinary Action The lawsuit notes that Davis refutes these claims. It further argues that even if Davis had taken breaks, his colleagues were doing the same. “Davis’s coworkers, Melissa Mara and Jason Lee, participated in identical or comparable overtime habits but faced no suspension, disciplinary measures, or termination,” the complaint alleges. Furthermore, the filing mentions that his suspension stemmed from “a shift during which his colleague Melissa Mara departed early, while Davis remained to clean and restock his mobile bar.” HR Refuses to Show Camera Footage During a disciplinary meeting, Human Resources representative Anna Gutierrez claimed she had observed Davis taking unauthorized breaks. When Davis requested to view the surveillance footage, she denied the request. The lawsuit asserts that this refusal serves as evidence that the grounds for his termination were manufactured and that the decision was actually racially motivated. Although Davis was the most senior of the three employees, the lawsuit does not identify this as a factor in his firing. Instead, it contends, “There was no valid business justification for firing Davis while keeping less senior staff members who participated in the same behavior.” “Caesars engaged in intentional racial discrimination against Davis by firing him while keeping non-African American employees in similar positions who performed the same actions,” the complaint states. Another Casino Employee Alleges Racial Discrimination A comparable legal action was initiated in Pennsylvania this past February. In that instance, however, the plaintiff alleged he was “repeatedly demeaned for being white.” Similar to Davis, that employee alleged that Mount Airy Casino fabricated claims to orchestrate his termination. Both individuals have since secured new jobs. Nevertheless, Davis is pursuing damages from Caesars, noting that his current position as a security guard at Allegiant Stadium “does not offer the same level of pay or benefits he earned at Caesars.” Beyond the financial impact of his termination, he asserts that the firing has resulted in “emotional distress, mental anguish, and physical symptoms, including migraine headaches.” 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 Sarasota County Sheriff’s Office executed a raid on an illicit gaming arcade, confiscating 66 slot machines and taking two people into custody. Amid ongoing crackdowns across Florida, former Osceola County Sheriff Marcos Lopez made a court appearance regarding allegations of aiding illegal gambling operations in the state. Authorities from the Sarasota County Sheriff’s Office reported the Monday arrests of Mohamed Belyaqout and Mabielka C. Cumbrera. Officials state the pair face charges for operating a gambling house and possessing slot machines. Belyaqout was apprehended at Slot 24/7 on 5709 S. Beneva Road in Sarasota. In addition to the slot machines, an undisclosed sum of money was seized. The business had been served a cease-and-desist order by the sheriff's office the previous year, which it disregarded. “Our collaboration with the FGCC will persist to ensure these unlawful gambling operations are held responsible and closed,” stated Sheriff Hoffman. The Florida Gaming Control Commission (FGCC) maintains its vigorous campaign against unlawful gaming statewide. Last month, the agency headed Operation Reel of Fortune, which saw the confiscation of 625 slot machines and more than $350,000 in cash. Patrons Allege Harassment From Staff The establishment seems to have been running for a period, though under different identities. The address is listed on Google as The Spot Social Club. Google reviews from as far back as two years allege harassment by staff during gameplay. One reviewer stated she spent between $200 and $500 daily at the arcade before employees told her to leave for “touching the machines on the screens and tapping them softly.” She claims the owner brought on a new employee who consistently harassed patrons. The review further noted, “This man is very controlling about how he prefers to instruct people on playing and spending their money.” A different user lamented being “Kicked out for playing a machine that was left unattended.” It is unknown whether management has shifted since these reviews were posted two years ago. The fight against illegal gaming in Florida has been likened to a game of whac-a-mole, with operations often resurfacing at the same addresses under fresh names. Sheriff Lopez Appears in Court As an illustration, Hot Seats, a venue closed during the operation that resulted in Sheriff Lopez's arrest, promptly resumed business. It was targeted again in a January raid. Lopez is alleged to have enabled an illegal gambling scheme that produced up to $21 million. He appeared in court on Tuesday for the first time since being released on bail last year. Two witnesses for the state, Kyle Henry and Douglas Ford, were questioned. Ford, once a driver for Lopez, allegedly “winked at the former Sheriff Tuesday before testifying.” Lopez Faces Charges as Others Agree to Plea Deals Ford testified that he and Henry served as a “protection detail” for the illegal gambling enterprises. He was arrested on separate charges in 2024, accused of hacking into the criminal justice academy’s camera system to surveil his girlfriend. He accepted a plea deal in that matter, resulting in an initial 24-month probation sentence, which was subsequently dismissed. Whether this deal required testimony against Lopez remains uncertain. Henry, for his part, was arrested last year on charges of unauthorized access to an electronic device. His case is still open. It is also not clear if he has arranged a deal to serve as a witness. Five other individuals have accepted plea agreements in the case, among them Lopez's estranged wife, Robin Lopez. She likewise received a 24-month probation sentence. The ex-Sheriff is now the sole defendant. Prosecutors claim Lopez personally obtained between $600,000 and $700,000 in cash from the illegal gambling profits. He has entered a plea of not guilty. Florida legislators have put forward tighter rules for gaming centers intended to bolster the FGCC's efforts against such businesses. SB1580 appeared to be advancing, having passed the Senate and then the House with changes. Yet, the Senate did not have sufficient time to reconsider the revised bill, causing it to expire last month. 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) - Legislators in Tennessee and Maryland have been reviewing bills this week aimed at explicitly prohibiting sweepstakes casinos. In Tennessee, a House committee has greenlit a bill that will now advance to a final committee before a full chamber vote. Meanwhile, in Maryland, a Senate committee held a hearing—without taking a vote—on a bill that has already cleared the House. Tennessee House Committee Approves Ban Tennessee’s House State & Local Government Committee approved HB 1885 in a 21-to-0 vote, with one representative abstaining. Last month, the House Departments & Agencies Subcommittee voted unanimously in favor of the bill. It will next move to the Finance, Ways & Means Committee; if approved there, it will proceed to a full vote on the House floor. The legislation defines an online sweepstakes game as a platform that utilizes a virtual-currency system allowing players to engage in “gambling of any kind, including, but not limited to, casino-style gaming such as slot machines, video poker, table games, lottery games, bingo, or unlicensed sports wagering,” which can later be exchanged for “a prize, award, cash, or cash equivalent.” Should the bill pass, violators could face a fine of up to $15,000 per violation. Maryland Senate Hearing on HB 1226 In Maryland, the Senate Budget and Taxation Committee held a hearing on HB 1226. The House approved the legislation with minimal opposition on March 23, in a 135-1 vote. The bill similarly defines sweepstakes games as “a game, contest, or promotion that:(1) Utilizes a dual–currency system of payment allowing the player to exchange the currency for any prize, award, cash or cash equivalents, or chance to win any prize, award, cash or cash equivalents; and(2) Simulates any form of gambling, including:(3) Casino–style games, including slot machines, video poker, and table games such as blackjack, roulette, craps, and poker.” The committee has not yet scheduled a vote on the bill. A similar piece of legislation was introduced in the Senate in January, but it also stalled after an initial hearing. Maryland has taken steps to crack down on sweepstakes casinos. The City of Baltimore filed a lawsuit against five major operators last month, alleging the platforms are already violating state law. The bill would increase potential penalties, with offenders facing up to 3 years in prison. The Maryland Lottery and Gaming Control Agency supports the stricter rules. The agency has previously sent cease-and-desist letters to operators, including VGW. However, the company—which runs Chumba Casino, Luckyland Slots, and Global Poker—failed to comply, leading to a second round of letters being sent in November. Even so, the platforms still appear accessible in the state. Most Platforms Block Access in Maryland & Tennessee A total of 33 operators, including some of those sued by Baltimore (High 5, Stake, Pulsz, and McLuck), have exited Maryland. Tennessee has also largely driven out operators, following a wave of cease-and-desist letters from the state’s Attorney General last year. Yet, some remain active. If the bills pass in both states, it would further empower gambling regulators to take action against any companies that continue to operate. 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.











