Tag Archives: ReadWrite

MGM sells off Ohio Northfield Park casino for $546 million

MGM Resorts International announced yesterday that it would sell off its Northfield Park location in Ohio for $546 million. It’s being sold to an affiliate of private funds managed by Clairvest Group, and the deal will be done entirely in … Continue reading

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Kraken buys Small Exchange for $100M, setting sights on US prediction markets

Another player might soon enter the fast-growing scene of US prediction markets: Kraken. The Wyoming-based crypto exchange announced on Thursday (October 16) that it is buying Small Exchange for $100 million. Small Exchange is already registered with the Commodity Futures … Continue reading

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MetaMask’s Polymarket venture will be the first wallet to integrate with prediction markets

A partnership with Polymarket will make MetaMask the first crypto wallet to integrate with a prediction market. Crypto wallet MetaMask has announced plans to integrate prediction markets into its services through a partnership with the prediction market. This comes after … Continue reading

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Strategic Gaming completes acquisition of Sunland Park Racetrack & Casinofor $301 million

Strategic Gaming Management has closed the $301 million acquisition of a racetrack and casino, before immediately transferring the property on. The acquisition of Sunland Park Racetrack & Casino by Strategic Gaming Management (SGM) saw the company immediately sell the property … Continue reading

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Brazil police dismantle $116M money laundering ring tied to drugs and online betting

Brazil’s Federal Police says that it has dismantled a suspected money laundering scheme linked to international drug trafficking and online betting operations. As part of Operation Narco Bet, authorities said the criminal network was allegedly laundering drug money through companies … Continue reading

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Curaçao Gaming Authority confirms smooth operations amid leadership and oversight changes

The Curaçao Gaming Control Board says it’s still running smoothly, even after some recent changes to its leadership and how it’s being overseen by the government. The GCB explained that with the entry into force of the National Ordinance on … Continue reading

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Paddy Power set to close 57 high-street shops across the UK and Ireland

Flutter UKI has announced plans to close 57 Paddy Power shops across the UK and Ireland, after a review of the high street estate. As a result, almost 250 staff are at risk of redundancy. Of the closures, 28 shops … Continue reading

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PrizePicks gains fantasy sports operating license in New York

PrizePicks is back in New York following last year’s $15 million settlement for operating without a license. Fantasy sports operator PrizePicks will now be able to offer its service in New York, after being awarded an interactive fantasy sports operating license … Continue reading

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Resorts World New York City’s latest casino application brings total spend up to $7.5B

Resorts World New York City has submitted its supplemental application for a casino license, bringing the total spend up to $7.5 billion. Now submitted to the New York State Gaming Facility Location Board, Resorts World New York City’s proposal promises … Continue reading

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UK’s DCMS opens consultation on gaming machine and bingo licensing reforms

UK’s Department for Culture, Media and Sport has launched a public consultation on proposed changes to gaming machine rules and bingo venue licensing in Great Britain. Published on Wednesday (October 15), the consultation asks for feedback on possible updates to … Continue reading

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