Author: Maisie Morrison

TLDR Flutter Entertainment confirmed layoffs at PokerStars across several regions. The cuts are part of a wider plan to bring PokerStars closer to FanDuel and other Flutter brands. PokerStars has already relaunched under the FanDuel name in North America. The layoffs follow earlier departures and cuts at FanDuel, including CEO Amy Howe’s exit. Flutter lowered its 2026 revenue guidance after a 38% drop in first-quarter net income. PokerStars confirmed Tuesday that workers in several regions were told their jobs were being cut. The company did not say which countries were affected most. Some roles in North America were included in…

TLDR LOTBA released a 2026 World Cup Awareness Guide to help families prevent problem gambling among children and teens. The guide points to a 2025 Argentine Red Cross study showing six in ten teens have been exposed to online betting. Most young bettors first try betting between ages 13 and 14, with boys betting three times more often than girls. 83% of youth bettors reportedly use digital wallets to place bets. The guide lists warning signs like phone obsession, hidden screens, mood swings, and requests for money. LOTBA, the Lottery of the City of Buenos Aires, has released a new…

TLDR A former DraftKings sports trader, Samuel Silverman, was arrested in Las Vegas and charged with felony gaming fraud and conspiracy. The case centers on a January 2025 Fresno State basketball game against Colorado State. Player Isaiah Robinson allegedly agreed to underperform so associates could win prop bets on his stats. Bettor Matthew Martin placed three parlays totaling $2,200 at BetMGM and won $15,950. The NCAA has already banned Robinson and teammate Steven Vasquez for life. A former DraftKings sports trader has been charged in Nevada in connection with a betting scheme tied to a Fresno State basketball game. Samuel…

TLDR The Ipoh High Court ruled that gambling debts cannot form the basis of a bankruptcy case in Malaysia. Judge Moses Susayan set aside a bankruptcy order against Lee Fook Khuen, 75, sought by Resorts World at Sentosa. The debt totaled S$5.930 million and stemmed from a S$10 million platinum credit facility used for gambling in Singapore. The ruling relies on a Federal Court decision that gambling credit facilities are void and not separate loans. Resorts World has filed a notice of appeal against the July 6 judgment. The Ipoh High Court has ruled that gambling debts cannot be used…

TLDR AGA CEO Bill Miller says the US integrated resort model continues to spread across Asia. Macau’s six casino concessionaires now include dining, retail, and entertainment beyond gambling. Singapore’s Marina Bay Sands and Resorts World Sentosa follow the same approach. New projects are planned in the UAE and Japan, including Wynn Al Marjan Island and MGM Osaka. Miller says prediction markets take up about 70% of his workday as a regulatory issue. Bill Miller is the president and CEO of the American Gaming Association. He recently spoke during an oral history interview at the University of Nevada, Las Vegas Gaming…

TLDR CazéTV sent a formal response to Brazil’s Ministry of Justice about World Cup betting broadcasts The broadcaster says sports commentary about betting odds is not the same as paid advertising Senacon released documents showing officials reviewed specific commentary segments A Ministry of Finance official said one broadcast may have misled viewers CazéTV says ads follow rules, including 18+ labels and licensing numbers CazéTV has responded to Brazil’s Ministry of Justice about how it covers betting during World Cup broadcasts. The broadcaster submitted a formal letter defending its on-air commentary. The letter was made public by Brazil’s National Consumer Secretariat,…

TLDR S&P Global Ratings expects NagaCorp’s adjusted revenue to grow between 3% and 8% through 2027. The company keeps its B+/Stable rating from S&P, with vulnerable business risk and intermediate financial risk. NagaCorp holds a gaming monopoly in Phnom Penh until 2045, covering a 200-kilometre radius. Gross gaming revenue is expected to rise 27% in 2025, reaching $692 million. The $3.5 billion Naga 3 project may be rescaled, with spending set to resume in 2027. S&P Global Ratings says NagaCorp Ltd is on track for adjusted revenue growth of 3% to 8% across 2026 and 2027. The Hong Kong-listed company…

TLDR Australia’s Federal Court ordered more than AU$24 million in penalties against illegal online poker operators. Three poker brands — PPPfish, Shuffle Gaming and Redraw Poker — were found to have broken the Interactive Gambling Act. Brisbane Poker Pty Ltd received the largest fine at AU$15 million. Director Rhys Edward Jones was personally ordered to pay AU$9 million. Combined penalties across related cases have now reached AU$29.24 million. Australia’s Federal Court has ordered penalties of more than AU$24 million against a network of illegal online poker platforms. The ruling targets operators who accepted Australian players despite a nationwide ban on…

TLDR Norway’s round-of-16 match against Brazil became the most bet-on event in Norsk Tipping’s history. About 350,000 customers placed wagers on the match. The figure nearly matches the entire 2024 European Championship’s total of 380,000 bettors. It is the second betting record broken during this World Cup, after the Norway–France group match. Roughly 600,000 customers have bet on World Cup matches through Norsk Tipping so far. Norway’s World Cup campaign has broken a betting record at the country’s state-owned gaming company, Norsk Tipping. The round-of-16 match against Brazil on Sunday became the most heavily wagered single event in the company’s…

TLDR Kalshi faces key hearings July 10 in Washington state court and the Ninth Circuit over sports event contracts. Connecticut and Tennessee have reply briefs due July 8 in their prediction market lawsuits. North Carolina may become the second state to tax prediction market revenue if Governor Josh Stein signs the budget. The USMNT’s win over Bosnia drew 33 million viewers, fueling more sports betting and trading activity. Kalshi and Polymarket have crossed $1 billion and $4 billion in World Cup trading volume respectively. Prediction market lawsuits are moving forward on multiple fronts this week. At the same time, World…