Tag Archives: ReadWrite

Light & Wonder gives update on November NASDAQ exit

Light & Wonder, the casino equipment maker, has given an update on its exit from the NASDAQ and moving solely to the Australian Securities Exchange (ASX). Announced on July 31, the company plans to shift its publicly traded business to … Continue reading

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Fanatics Sportsbook pays out $1.5M due to Egbuka injury

A massive $1.5 million payout has taken place by Fanatics Sportsbook after rookie Emeka Egbuka exited a game on Sunday due to a hamstring injury. The sportsbook announced that the Fair Play had been initiated, with a social media post … Continue reading

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BetMGM raises profit outlook as it plans $200M shareholder payout

BetMGM says it’s raising its full-year profit forecast and plans to give at least $200 million back to its joint owners, Entain and MGM Resorts International, after posting stronger-than-expected results for the third quarter of 2025. The company, which operates … Continue reading

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Brazilian bill proposes to double gambling taxes to 24%

In Brazil, a new bill has been proposed which would see an increase in the tax on online gambling companies, raising it from 12% to 24%, if it were to be approved. Congressman Lindbergh Farias, who is the leader of … Continue reading

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Washington Gambling Commission issues cease and desist to Victory’s Auction Pro

The Washington State Gambling Commission has issued a cease and desist notice to unlicensed Calcutta billiards operator Victory’s Auction Pro. Victory’s Auction Pro is alleged to be an organization running illegal Calcutta billiards tournaments in Washington. The Washington State Gambling … Continue reading

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Massachusetts files brief against Robinhood ahead of Kalshi legal battle

The state of Massachusetts has filed a brief in opposition to financial services company Robinhood filing its own motion. After Robinhood filed a motion for a preliminary injunction, Massachusetts filed an opposing brief in response. The company had asked a … Continue reading

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New York councilman Anand Shah indicted on 18 charges related to illegal gambling

A councilman for New York’s Prospect Park has been indicted on 18 charges related to an illegal gambling ring. Council President Anand Shah has been indicted on 18 charges related to allegedly participating in an illegal gambling ring, including several … Continue reading

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William Hill plans to close one in ten of its UK betting shops in 2026

The gambling group behind William Hill is planning to shut around one in ten of its betting shops across the UK in 2026. Evoke plc, which bought William Hill for 32 billion in 2022, is reportedly planning to close roughly … Continue reading

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California tribes blocked from suing cardrooms over exclusive state rights

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

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SGLA criticizes California Governor Newsom for signing ‘flawed, rushed’ sweepstakes ban

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

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