CNBC Daily Open: A rough and historically atypical November for U.S. stocks

With approximately just 3 hours of trading left for the month, major U.S. indexes are looking to end November in the red, based on CNBC calculations.

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Merkur Group has acquired a ‘significant stake’ in ETG developer Spintec

Merkur Group has expanded its partnership with electronic table game developer Spintec to acquire a “significant stake” in the company.
After initially investing back in 2019, Merkur Group has now acquired what it describes as “a significant stake” in Slovenia-based developer and of electronic table games (ETGs) Spintec d.o.o.
“Spintec is a highly innovative and successful ETG specialist, distinguished above all by outstanding quality and a strong global footprint,” said Dominik Raasch, Management Board Member, Merkur Games in a press statement. “This investment is a real asset for the Merkur Group and an important driver of our international growth strategy.”
The goal of Merkur’s continued investment
The investment partnership so far has combined Spintec’s technology in gaming and Merkur’s distribution via its international network, having recently expanded its foothold in the US. Having highlighted those elements in the announcement, it seems that Merkur plans to take Spintec’s ETGs further around the world via this expanded investment.
“Our collaboration creates valuable synergies that enable us to bring these high-quality ETG solutions to a significantly broader audience,” Raasch said. “Building on our achievements to date and further expanding this especially successful strategic partnership was therefore the natural next step for both sides.
“With Spintec at our side, we can offer operators an even broader range of gaming experiences – further strengthening Merkur’s position as a reliable full-service gaming provider.”
Spintec’s ETGs already have a strong presence in Latin and North America, Europe, and large parts of Asia, including established places in a number of Merkur’s own casino properties.
“Over the past years, we have seen just how well Merkur and Spintec complement one another,” said Goran Miškulin, CEO of Spintec. “This is demonstrated especially by our cooperation with Merkur Spielbanken, where our ETG solutions are already successfully deployed in numerous Merkur casino properties.
“I am confident that this investment will allow us to exceed the results of our partnership so far and unlock additional synergies that will create value for both organizations.”
Featured image: Merkur Group
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Pennsylvania Gaming Control Board issues gambling fines and revokes licenses in state crackdown

The Pennsylvania Gaming Control Board has revoked licenses, imposed fines, and denied individual gambling privileges in a series of decisions.
The PGCB took a number of actions on November 19 against those in violation of gambling rules in the state. The first involved three establishments that operated gambling terminals where two separate companies were found to have violated gambling rules, resulting in a total of $89,500 in fines – which isn’t the first time such an amount has been levied in fines.

The Pennsylvania Gaming Control Board approved three consent agreements today, totaling $72,000 in fines involving violations at a Video Gaming Terminal establishment and two casinos.
The Board also placed 11 individuals on its various Involuntary Exclusion Lists, prohibiting… pic.twitter.com/cDBIwQffHA
— Pennsylvania Gaming Control Board (@PAGamingControl) October 22, 2025

The first related to two convenience stores in Gibson and Lake Ariel owned by Raceway Management Company, Inc, where it was found that Board-certified employees were not on the premises while the machines were in operation. A fine of $63,500 was levied for the Gibson location and another $26,000 for the Lake Ariel location.
The second case related to Mann & Sidhu, Inc, which operated gaming machines from Bald Eagle Truck Stop in McElhattan. The company was also found not to have a board-certified employee on the premises, as well as allowing a minor to be present and place bets and not selling enough gas or diesel within a 12-month period to qualify as a truck stop establishment.
Pennsylvania Gaming Control Board places individuals on gambling exclusion lists
On the same day, the board also placed 10 people on its Involuntary Exclusion Lists, which prohibits them from accessing gambling in Pennsylvania casinos, on online sites under the regulation of the board, or gambling terminals across the state.
These decisions were made for irresponsible behavior related to gambling, such as a number of patrons leaving young children unattended for several hours while gambling.
“Actions such as these to deny statewide gambling privileges serve as a reminder that adults are prohibited from leaving minors unattended in the parking lot or garage, a hotel, or other venues at a casino since it creates a potentially unsafe and dangerous environment for the children,” said the Board in its notice about the decision.
Featured image: Google Maps
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Kambi and PENN extend their sportsbook partnership until July 2027

PENN Entertainment has extended its agreement to use Kambi’s retail sportsbook technology until July 31, 2027.
After initially extending the agreement to the end of 2025, Kambi will now continue to support PENN’s sportsbook operations until July 31, 2027. The agreement includes all on-property sportsbooks that are active as of the end of 2025, with Kambi currently supporting 30 PENN properties across 13 US states.

Kambi is pleased to announce a retail sportsbook partnership extension with PENN Entertainment.
The extension, relates to on-property sportsbooks active by end of 2025, provides PENN Entertainment access to Kambi’s premium retail sports betting technology until 31 July 2027.… pic.twitter.com/6c2GHOUGuU
— Kambi (@KambiSports) November 26, 2025

Kambi offers a turnkey sportsbook solution for customers like PENN, allowing companies to rapidly expand into new areas. In the case of PENN, the company is reportedly planning a “migration to its proprietary technology”, using Kambi’s technology to remain flexible during the transition.

“We are pleased to extend our retail agreement with PENN Entertainment, reaffirming Kambi’s position as the trusted sportsbook provider for leading operators,” said Kambi CEO Werner Becher.
“This agreement ensures PENN can continue to benefit from our high-performance technology while maintaining the flexibility to execute its long-term strategic plans. We look forward to continuing to work alongside PENN to deliver exceptional retail sportsbook experiences for its customers across the US.”
Kambi and PENN have eyes on future growth
Some of the features included in Kambi’s offering include betting kiosks, over-the-counter betting options, and modern trading capabilities. The company has had its eyes on growth and expansion, with conservative financial reports including a major source code acquisition.
On PENN’s behalf, the company’s most recent financial results highlighted a focus on the US and Canada, which goes hand in hand with this extended partnership with Kambi. This comes after PENN and ESPN parted ways, rebranding ESPN Bet to theScore Bet.
Indeed, PENN’s North American iCasino arm of the business achieved its highest quarterly gaming revenue yet, seeing an increase of nearly 40% year-over-year. Those encouraging results underline the decision to continue investing in that space through the ongoing extension with Kambi.

Featured image: Kami Group / PENN Entertainment

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Polymarket CLO apologizes for company post allegedly including racist language

After a post to social media allegedly containing racist language from Polymarket’s company account, a representative for the company has apologized.
Prediction market Polymarket was quickly called out for a now-deleted post to X that allegedly contained ethnic slurs. The post reportedly used racial insults while accusing some of its users based in India, Nigeria, and Turkey of pretending to be women.
The company’s Chief Legal Officer, Neal Kumar, has taken to X to address the message, apologizing for it and saying the company “takes full responsibility”.

The post earlier this week from an unofficial Company account was unacceptable, and we take full responsibility. As an Indian American, looking up the history of the term sucked. I’ve always found engagement to be far more effective than rage, and believe this came from a place…
— Neal Kumar (@HereComesKumar) November 26, 2025

“The post earlier this week from an unofficial Company account was unacceptable, and we take full responsibility,” he wrote. “As an Indian American, looking up the history of the term sucked. I’ve always found engagement to be far more effective than rage, and believe this came from a place of misunderstanding, not hate.
“Uncomfortable conversations to understand each other is a practice to live and breathe, and we had one here this week to make us stronger. We apologize for the pain and we are committed to doing better.”
Backlash to Polymarket on social media
Social media users have used the example of this post to criticize Polymarket’s presence on social media in general.
“Polymarket’s social media strategy is the worst I’ve ever seen,” wrote founder and CEO of Creator Buddy, Alex Finn. “Almost every official account tweets rage bait, misinformation, and lies. All just to drive engagement. You’re turning off a lot of people and I’d encourage you to reconsider the entire strategy.”
Others argue that the apology should come from the official Polymarket account, not Kumar’s, with another social media user, Andy Parackal, writing: “The racist post wasn’t some random meme; it targeted Indians, Nigerians, and Turks, and it was posted under an account literally signing off as the Polymarket traders. So why is the apology coming from you personally, instead of the official Polymarket account where the slur was posted?”
Polymarket typically uses its X account to promote certain contracts and bets that can be placed on the predictions market platform, with some recent examples including whether Jesus Christ will return before 2027 and whether a turkey will audibly gobble during the official pardoning, among other financial and political contracts.
ReadWrite has reached out to Polymarket for further comment. This comes hot on the heels of Polymarket securing CFTC approval to return to the US.
Featured image: Polymarket
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‘Green light’ away from AI trade: Two ETF executives see a key market shift underway

Markets may have entered a new cycle. Here’s why.

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This Thanksgiving’s real drama may be Michael Burry versus Nvidia

Is Burry the canary in the coal mine, warning of a collapse that’s inevitable? Or could his fame, his track record, his now unrestricted voice, and a fast-growing audience trigger the very implosion he’s predicting?

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Build Essential Process Skills with This Lean Six Sigma Certification Deal

Advance your operational toolkit with dual-belt training that’s 52% off.
The post Build Essential Process Skills with This Lean Six Sigma Certification Deal appeared first on TechRepublic.

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Unlock the Power of 1min.AI’s Advanced Business Plan at 80% off

This $59.99 3-year subscription delivers consolidated AI tools and 80% in total savings.
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Crypto Exchange Upbit Suffers Security Breach After $10B Deal

The timing is awful. The breach occurred just hours after its parent company, Dunamu Inc., unveiled a massive $10.3 billion takeover by tech giant Naver Corp.
The post Crypto Exchange Upbit Suffers Security Breach After $10B Deal appeared first on TechRepublic.

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