TLDR Acesite has postponed the Waterfront Manila Hotel & Casino reopening indefinitely Redevelopment costs jumped from PHP 1.5 billion to PHP 3.6 billion Rising materials, labour, and fuel costs linked to the Middle East conflict drove the increase Weak tourism demand and the growth of online gaming are adding pressure Construction will not resume until 2028 at the earliest Acesite (Phils) Hotel Corporation has put the redevelopment of Waterfront Manila Hotel & Casino on hold with no set return date. The company cited sharply higher costs and a weakened gaming and tourism market in Manila. Acesite is majority-owned by Waterfront…
Author: Maisie Morrison
Maisie Morrison
Maisie is the News Editor at AlienWP, where she covers the latest developments in the global iGaming industry, including gambling regulation, online casinos, sports betting, licensing, compliance, and emerging industry trends. She has written extensively across the finance, cryptocurrency, and technology sectors for publications including MoneyCheck.com, Blockonomi.com, and Computing.net, bringing a clear, research-driven approach to breaking news and in-depth industry coverage.
TLDR Chile’s tax authority (SII) created a mechanism requiring foreign online betting platforms to register and pay taxes, even though they operate illegally in Chile. The Supreme Court of Chile has ruled these platforms lack legal permission to operate. SII director Jorge Trujillo argues tax collection does not equal endorsement of illegal activity. Senators and lawmakers say the policy effectively legitimizes illegal gambling operations. The Senate’s Economy Committee will hold further meetings and hear from additional authorities. Chile’s Internal Revenue Service (SII) is at the center of a growing legal debate after ordering foreign online betting platforms to register and…
TLDR Chile’s Internal Revenue Service passed Resolution No. 69 on June 2, 2026, requiring foreign gambling platforms to register and pay VAT The rule does not legalize online gambling — it only addresses tax obligations Casino industry leaders and senators criticized the move, calling it contradictory and potentially illegal The Chilean Association of Online Betting Platforms welcomed the resolution Online gambling legalization is still being debated in Chile’s Congress Chile’s tax authority has ordered foreign online gambling platforms to start paying taxes, sparking a heated debate about whether the move contradicts existing law. On June 2, 2026, Chile’s Internal Revenue…
TLDR Wire Industries, parent of WagerWire, received approval in principle for a Gibraltar prediction market license Wire Markets becomes only the second prediction market licensed in Gibraltar, after ADI Predictstreet The platform plans to launch in fall 2026 with sports contracts, then expand to pop culture, weather and economic markets WagerWire is building a “sell-it-now” button that lets bettors instantly exit positions using its prediction market as a hedge Gibraltar’s license is seen as a “passport” for expansion into Latin America, Africa, Asia Pacific and parts of Europe WagerWire co-founders Travis Geiger, Zach Doctor and Guy Dotan started with a…
TLDR Kalshi is now collecting employment data from traders in high-risk markets to screen for insider knowledge A new risk-scoring system flags markets most vulnerable to manipulation A 24/7 whistleblower hotline has been launched to report suspicious trading activity Recent federal cases — including a Google engineer and a special forces member — have put prediction markets under scrutiny Kalshi launched over 150 investigations and blocked 100+ suspected insider trades in Q1 2026 alone Kalshi, the New York-based prediction market platform, is tightening its rules for traders as concerns about insider betting grow across the industry. The company announced it…
TLDR FanDuel laid off several hundred employees last week across software engineering, customer service, and business development This is the company’s third round of layoffs in under seven months The cuts may represent more than 5% of FanDuel’s roughly 5,000-person workforce Employees cited prediction markets, AI adoption, and economic uncertainty as key drivers FanDuel is not alone — Penn Entertainment, DraftKings, and others have also cut jobs in 2026 FanDuel has laid off several hundred employees, marking the third time the company has cut jobs in less than seven months. Sources told Front Office Sports the cuts were described as…
TLDR Groupe Partouche posted H1 2026 turnover of €240.4 million, up 3% year-on-year Net Gaming Revenue rose 2.5% to €190 million across the period Online gaming surged 26% to €7.1 million, driving international growth Table games in France jumped 14.8%, offsetting a 1.7% decline in slot machine revenue The new Parisian Club opened in May 2026, becoming the largest gaming venue in Paris French gaming operator Groupe Partouche has reported first-half fiscal 2026 results, showing steady growth across its casino and online operations. Total turnover for the six-month period reached €240.4 million, a 3% increase from the same period in…
TLDR The CFTC released a 267-page proposal to create a framework for what types of event contracts prediction market platforms can legally offer. Most sports contracts would be allowed, but micro-bets on single pitches or specific shots may be banned due to manipulation risk. Markets tied to war, terrorism, or assassination are likely to be deemed against the public interest. The proposal opens a 45-day public comment period and builds on an earlier March 2026 notice of rulemaking. The rules mark a major policy shift from the previous administration, which had sought to ban a wide range of political and…
TLDR KwaZulu-Natal’s Finance MEC Francois Rodgers tabled the Gaming and Betting Tax Bill, 2026 before the Provincial Legislature The bill creates a structured tax system for licensed gambling operators in the province New levies could generate between R50 million and R100 million annually Revenue will flow into the Provincial Revenue Fund and a new Gaming and Betting Transformation Fund The province is also calling on national government to fast-track online gambling legislation KwaZulu-Natal Introduces New Gaming and Betting Tax Bill to Boost Provincial Revenue KwaZulu-Natal has introduced new legislation aimed at overhauling how gambling and betting is taxed in the…
TLDR The Anjouan Gaming Authority says its licences are not universal permits to operate in every country Operators must still comply with local laws in any market where they advertise or accept players Licences require AML/KYC checks, responsible gaming standards, and technical compliance Flutter CEO Dan Taylor warned that illegal offshore betting sites are growing rapidly ahead of the World Cup UN data suggests illegal World Cup wagering could exceed the global legal market The Anjouan Gaming Authority has issued a public clarification about the limits of its internet gaming licences. The regulator said its permits are not a blanket…