TLDR Paradise Co. posted April casino revenue of KRW87.9 billion ($60.4 million), up 80.6% from March and 30.7% year-on-year Table games revenue surged 89.9% month-on-month to KRW82.2 billion ($56.8 million), driving the bulk of gains Machine revenue rose 59.7% year-on-year to KRW5.73 billion ($4.0 million) Table drop grew only 4.5% year-on-year, suggesting a stronger hold rate rather than higher volume Year-to-date revenue through April reached KRW316.8 billion ($219 million), up 8.2% from 2025 Paradise Co. reported a sharp jump in casino revenue for April 2026, with total earnings nearly doubling from the prior month. The South Korean casino operator posted…
Author: Maisie Morrison
TLDR FanDuel CEO Amy Howe is leaving and will be replaced by President Christian Genetski as Flutter restructures its U.S. management team Flutter Q1 revenue hit $4.3 billion, up 17% year-over-year, but U.S. sportsbook revenue grew just 1% while iGaming surged 19% FanDuel’s average monthly players dropped 6% and sportsbook handle fell 9%, partly blamed on customer-friendly NFL results FanDuel Predicts expanded nationwide with prediction market contracts now live in 18 non-sportsbook states including California, Texas, and Florida Flutter lowered its full-year 2026 guidance, now expecting revenue of $18.3 billion and adjusted EBITDA of $2.87 billion Flutter Entertainment reported its…
TLDR Ohio’s Casino Control Commission proposed a rule to ban credit card deposits for sportsbook accounts Bettors would be limited to ACH transfers, wire transfers, debit cards, winnings, and promotional credits Major operators like Caesars, DraftKings, FanDuel, and BetMGM have already banned credit card deposits on their own Ohio would become the ninth state to officially adopt such a ban if the rule is finalized Public comment on the draft rule is open until May 15, with the ban potentially taking effect this summer Ohio’s Casino Control Commission submitted a proposed rule change this week that would ban credit card…
TLDR DraftKings executive Paul Liberman said fast-paced micro betting markets will soon enter sports prediction markets, speaking at the Milken Institute Global Conference. DraftKings acquired Simplebet in 2024 for nearly $200 million and now offers prediction contracts across 48 states. The CFTC issued a supplemental no-action letter allowing Bitnomial to take over clearing for Railbird Exchange, replacing QC Clearing. A product liability lawsuit filed in March 2026 claims microbetting caused severe gambling addiction, with one plaintiff losing over $1.8 million. A New Jersey Senate committee advanced a bill to ban micro bets, citing addiction and sports integrity concerns. DraftKings is…
TLDR New Jersey lawmakers introduced bill HB4838 to add a 10% surcharge on online sports bets placed on 2026 FIFA World Cup matches The tax applies to net betting revenue from wagers on matches, series, and individual player stats during the tournament Beyond betting, the bill includes temporary fees on hotels (2.5%), Meadowlands district sales (3%), and rideshare trips ($0.50) to MetLife Stadium The surcharges run from June 12 through July 20, 2026, with all revenue going to the state’s General Fund to offset hosting costs The betting surcharge alone could generate roughly $2.4 million based on projected national handle…
TLDR Brazil’s Senate Sports Committee approved bill PL 6124/2025 to send a share of sports betting tax revenue to military sports programs. The bill was proposed by Senator Leila Barros and now moves to the Senate’s Committee on Economic Affairs. Funds would go to the Brazilian Military Sports Commission under the Ministry of Defense. Estimated allocation is between BRL 0.30 and BRL 0.40 per every BRL 1,000 in regulated betting income. Supporters say Brazil’s military plays a key role in developing Olympic and Paralympic athletes. Brazil’s Senate Sports Committee has approved a bill that would direct part of the country’s…
TLDR Argentina introduced a bill to restrict online gambling ads aimed at children and teenagers across TV, radio, social media, and apps The bill would ban athletes, influencers, and cartoons from being used to promote gambling to young people Ads linking gambling to success or achievement would also be prohibited under the proposal A separate bill in Buenos Aires Province seeks to ban gambling sponsorships on football club jerseys and at sporting venues Major betting firms like Betsson, Betano, and Sportsbet already sponsor top Argentine football clubs including Boca Juniors and River Plate Argentina is moving to crack down on…
TLDR A D.C. proposal would legalize licensed online casino gaming while banning sweepstakes-style gambling platforms Major operators like DraftKings, BetMGM, and Caesars Entertainment support the expansion into the D.C. market Anti-gambling advocacy groups argue that easier access to online gambling leads to greater harm Sweepstakes operators warn that a ban could push players toward unregulated offshore sites The bill remains under review with no clear timeline for a decision Washington, D.C. is once again facing a debate over how far to go with gambling. A new proposal would open the door to licensed online casino gaming while cracking down on…
TLDR The UK Gambling Commission has introduced strict new rules including £2-£5 stake limits on slots based on player age Autoplay has been removed and a mandatory 2.5-second delay between spins is now required at all licensed casinos Players can no longer play multiple casino games at the same time under UKGC rules Higher taxes on gambling operators introduced in April 2026 could eventually lower payout rates for players Industry critics warn the restrictions may push UK players toward unregulated offshore casinos The UK gambling market is now one of the most tightly controlled in the world. The UK Gambling…
TLDR Armenia is attracting iGaming companies with its unregulated B2B market that requires no specific gaming license, just standard corporate and AML compliance. More than 20 international firms relocated to Armenia in the past year, some bringing workforces of up to 1,500 people. B2C gambling licenses cost at least $1 million annually, limiting domestic operators to just five licensed companies. Armenia’s Central Bank introduced a formal crypto licensing regime in January 2026, reversing its previous skepticism toward digital assets. A centralized government monitoring system is being built to track every bet, win, and loss in real time across the country.…