Tag Archives: ReadWrite

California tribes have been blocked from suing cardrooms over exclusive rights to run such events in the state in the latest courtroom step. The tribes in California have faced obstacle after obstacle in trying to block the cardrooms industry across … Continue reading →

The SGLA has criticized Governor Gavin Newsom’s signing of AB 831 into law, essentially banning online social games with sweepstakes promotions in California. The state is following in the footsteps of Montana and New Jersey, despite opposition from California tribal … Continue reading →

Allwyn International and the Greek gaming company OPAP S.A. have decided to merge in an all-share deal that gives the combined business an equity value of €16 billion ($19 billion). The two companies said the new organization will be called … Continue reading →

Casinos have become staple businesses in many towns and cities worldwide, with places like Sin City attracting tourists based on these gambling institutions. While the traditional approach has long worked, the need to adapt to changing interests is creeping up … Continue reading →

PrizePicks, the daily fantasy sports site, is launching a new slate of features for its app. The company says that it’ll “evolve how fans engage” with the community, friends, and “celebrities,” all while watching sports. It’ll take the form of … Continue reading →

Kalshi has announced that it raised more than $300 million in a Series D funding round at a $5 billion valuation. The round was led by Sequoia and Andreessen Horowitz (a16z), with strong participation from returning investor Paradigm. Other backers … Continue reading →

A duo from Braintree, Massachusetts, both pled guilty in Suffolk Superior Court over charges relating to unlicensed basement casinos in the area’s Chinatown and Quincy. The two people, husband and wife, Xue Tan Zheng, 50, and Xiu Rong Li, 55, … Continue reading →

Kambi, a sports betting solution provider, has announced it’ll join forces with Glitnor Group. The group runs Happy, Lucky, Flax, and Vera&John, which will now switch over to Kambi’s Turnkey Sportsbook technology. This particular method of providing sportsbooks to operators … Continue reading →

A gambling ring based in India has been busted by the Directorate of Enforcement (ED), the country’s economic intelligence agency. The results saw law enforcement recover valuables, particularly gold. It stems from an ongoing investigation into politician, K C Veerendra, … Continue reading →

The director of a glazing company has received a sentence for defrauding the UK government by misappropriating COVID relief loans to fund gambling and crypto investments. Haralambos Ioannou, the 49-year-old in question, was found to have used his company, Opti-Bond … Continue reading →