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The Florida Gaming Control Commission raided two suspected illegal gambling spots in Fort Meyers this week.
On Tuesday, September 20, the FGCC completed two raids on suspected illegal gambling spots in Fort Meyers, with search warrants for two properties: Spin City Arcade on Reflection Parkway and Gold Rush on Cypress Lake Drive. The operation was nicknamed ‘Gold Rush Spin and Repeat’ and resulted in the seizure of 109 illegal slot machines and $94,493 in cash.
The FGCC also told Fox 4 that Stamenia Gacevic and Kelsey Jean Russell were issued a Notices to Appear. The Lee County Sheriff’s Office also assisted with the operation.
“I appreciate Sheriff Carmine Marceno and the deputies who assisted with today’s warrants,” said L. Carl Herold, Director of Gaming Enforcement at the FGCC. “Their coordination helped ensure a safe and effective operation.”
Cracking down on illegal gambling in Florida
Florida law regulates gambling in all forms and slot machines are only permitted in licensed gaming facilities. That makes it illegal to operate slot machines or other unauthorized gambling machines at any unlicensed facility, as the two facilities raided in Fort Meyers are suspected to have been doing.
“Illegal casinos put players at real risk,” Herold explained. “These unregulated machines offer no consumer protections, no verified payout standards, and no reliable recourse when people are harmed. They can attract criminal activity, exploit vulnerable residents, and siphon dollars from lawful, regulated gaming that supports jobs and public programs. If you see slot machines outside authorized locations, walk away and report it.”
Florida authorities have been cracking down on such operations, with recent raids seizing cash and suspected illegal machines. A conviction for the act of illegal gambling is classed as a second-degree misdemeanor and can lead to punishments of up to 60 days in jail and a $500 fine.
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Sportsbook and casino operator Midnite has received a credit financial deal worth up to $100m to support growth in the UK market.
The financing deal for Midnite, worth up to $100 million, was secured from House Advantage Fund (HAF), with a view for the sportsbook and casino operator to keep growing in the UK iGaming market. The company has goals to become a tier-1 operator.
Specifically, Midnite intends to use the funds to build a cash reserve for non-marketing investments, using them to invest in hiring and product development without impacting top-line revenue. The goal is to scale at speed, without cutting into revenue and profit.
“This partnership allows us to triple down on both performance and brand marketing campaigns, while preserving cash for innovation and expansion.” said Nicholas Wright, Midnite’s Chief Executive Officer. “The flexibility of the House Advantage structure means we can pursue our long-term strategy with greater conviction and fewer trade-offs.
“This arrangement also signifies the strength of the partnership Midnite has with Discerning Capital. The confidence the team has in what we are doing at Midnite allows us to strive for continued growth and execute our strategy to disrupt the gaming industry for good.”
HAF is a specialised user acquisition financing strategy, with funds provided by Discerning Capital, a Las Vegas-based growth capital investment firm with history and experience in the regulated gambling and gaming sectors. The firm had already led Midnite’s Series B funding round earlier this year.
“For too long, the growth trajectory of online wagering operators has been constrained by the limitations of traditional venture capital or credit, which is hard to obtain across the broader gaming ecosystem,” said Davis Catlin, Managing Partner at Discerning Capital. “By tying capital deployment to actual marketing performance, we unlock sustainable, aggressive scale without forcing operators into unnecessary equity dilution or onerous repayment structures. This credit facility for Midnite sets a new benchmark for how ambitious firms in our sector can finance growth.”
Rapid growth for Midnite
In April 2025, Midnite closed a successful round of series B funding that ended up being worth $10 million. As noted above, the funding round was led by Discerning Capital, alongside the Raine Group, Play Ventures, Venrex, and Big Bets. The total capital raised was more than $35 million.
Midnite has also been securing UK-specific sponsorships as part of its plans to grow in the region, including partnering with soccer teams and becoming an official UK partner in snooker.
Featured image: Midnite
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