Author: OnlineGamblingDaily

New Jersey’s online casinos generated more revenue than Atlantic City’s physical properties for a 10th consecutive month in June, extending a divide that has become increasingly established across the state’s gaming market. The state’s 28 active online casino skins reported $271 million in gaming revenue, up 17.5% from June 2025 and about $5 million below the record set in May. The total was 5.4% higher than the $257.3 million generated by Atlantic City’s nine casinos, where revenue declined 0.7% year over year. Online gaming produced $60.4 million in state tax revenue during the month. That was approximately twice the combined…

Evolution has terminated its planned acquisition of Galaxy Gaming after two outstanding gambling regulatory approvals prevented the transaction from closing within the agreed period. The company issued notice on Tuesday to end the merger agreement with Galaxy Gaming, a table games and casino technology provider. Evolution will pay Galaxy Gaming a $5.2 million termination fee. Galaxy Gaming said on Monday that the two remaining regulatory approvals had not been obtained. It was considering either requesting another extension to the closing deadline or terminating the merger. Evolution subsequently decided to withdraw from the transaction. The acquisition was announced in July 2024,…

Cirsa has completed its two-step entry into Portugal. The company has acquired a majority stake in Casino Figueira, following its purchase of online operator CasinoPortugal in December 2024. The company first entered the Portuguese market in 2024 with the acquisition of CasinoPortugal, an online gaming and sports betting operator. That deal gave the Spanish group its first foothold in the country, limited at the time to the online channel. Cirsa has now added a land-based component to that presence. According to a statement, the company acquired a majority stake in Sociedade Figueira Praia, S.A., the owner and operator of Casino Figueira…

The landscape of World Cup betting shifted dramatically during the 2026 tournament as prediction markets captured 27% of all legal sports gambling volume in the United States. Driven by platforms such as Kalshi and Polymarket, event-based trading exchanges saw unprecedented growth, challenging traditional sportsbooks that previously dominated the sector. According to figures from H2 Gambling Capital, prediction markets expanded their share of soccer gambling activity from roughly 9% at the start of the year to 27% of total volume by the conclusion of the final match between Spain and Argentina. The overall rise in World Cup betting was anchored by…

The proportion of adults recording a Problem Gambling Severity Index score of eight or higher fell to 2.4% in 2025, from 2.7% in the previous Gambling Survey for Great Britain (GSGB). The Gambling Commission, which published the third annual report on July 16, described the rate as stable across the survey’s three years. The figure was 2.5% in the first report, published in 2024. Overall participation also changed little. Among respondents aged 18 and older, 47% said they had gambled during the previous four weeks, compared with 48% in the prior survey. Excluding people who only played lottery draws, participation remained…

Entain will cut 500 positions across its operations as the London-listed gambling group seeks to reduce costs amid higher UK online gaming taxes and increasing competition from prediction markets. The planned reduction represents about 2% of the multinational company’s workforce. A spokesperson confirmed the number of affected roles to Reuters after Bloomberg News first reported the cuts, citing an email sent to Entain employees. The measures will affect corporate functions and product and technology teams. They are not connected to Entain’s retail operations, which include the Ladbrokes and Coral brands, according to information provided by the company. Entain said in…

Crypto.com has secured a $400 million strategic investment from Citadel Securities, valuing the cryptocurrency exchange at $20 billion. The deal marks the company’s first institutional funding round since its founding a decade ago. The investment comes amid growing institutional adoption of digital assets, as cryptocurrencies increasingly become integral to global capital markets. Crypto.com said the new capital will support its expansion across multiple asset classes, including tokenized securities and derivatives, as it aims to bridge traditional finance and digital assets within a 24/7 financial ecosystem. “We are thrilled to work with Citadel Securities to continue driving the crypto industry into a…

New York-based prediction market startup Pascal has closed a $9 million Series A funding round led by Union Square Ventures. The raise builds on a $6 million seed round the firm closed last August with backing from Wintermute Ventures and DBA. Pascal enters a sector dominated by Kalshi and Polymarket, whose valuations put the industry’s two largest platforms at a combined figure north of $37 billion.   Kalshi, a CFTC-cleared exchange focused primarily on US retail users, carries a valuation of roughly $22 billion and is reportedly in talks to raise new funding that could roughly double that number. Polymarket,…

Online gambling operator Betsson reported record quarterly revenue for the second quarter of 2026, but higher gaming taxes in regulated markets and weaker business-to-business (B2B) revenue weighed on profitability despite strong growth in Latin America and increased betting activity around the FIFA World Cup.  Revenue for the three months ended June 30 rose 2.1% to a record €310.2 million ($361.9 million), while organic revenue growth was 6.1%. However, operating income fell 38.9% to €42.2 million, EBITDA declined 30.5% to €58.5 million, and net income dropped 38.2% to €30.4 million. Chief Executive Officer Pontus Lindwall attributed the weaker profitability to the…

Alberta officially launched its regulated commercial iGaming market this week, becoming the second Canadian province after Ontario to open online sports betting and casino gaming to private operators. The rollout marks a significant milestone for the country’s gaming industry, with multiple licensed brands going live on day one and dozens more expected to enter the market in the coming months. In this exclusive interview with Yogonet, Paul Burns, President & CEO of the Canadian Gaming Association (CGA), discusses the significance of Alberta’s launch, the lessons drawn from Ontario’s experience, expectations for channelization and consumer protection, and why the new framework…

The Argentine Association of State Lotteries (ALEA) has introduced an updated Code of Best Practices for Responsible Commercial Communication in Online Gambling, designed as a reference framework to promote common standards among regulators, licensed operators, and other stakeholders involved in the sector. The updated code was officially presented on July 16 at ALEA’s conference center in Buenos Aires, providing an opportunity to review its main guidelines, discuss its scope, and exchange views on its implementation. According to Ida López, President of the Provincial Institute of Gaming and Casinos of Mendoza and of ALEA, “this new version updates and expands the…

Alliance Global Group Inc. (AGI) has completed its acquisition of Genting Hong Kong Ltd.’s remaining interests in Newport World Resorts and related companies, ending their joint venture that began in 2009. In a Philippine Stock Exchange filing, AGI said all conditions for the transaction had been fulfilled, and the shares were transferred to Newport World Resorts Philippines Inc. (NWRPI) on July 15. The acquisition covers the equity interests held by Star Cruises Philippines Holdings B.V., Asian Travellers Ltd., and Premium Travellers Ltd., all ultimately owned by Genting Hong Kong. Following the completion of the transaction, Genting Hong Kong no longer holds…

A proposed class-action lawsuit accusing Stake.us of operating an illegal online gambling platform in Minnesota will proceed in federal court after a judge denied the company’s motion to compel arbitration. The complaint asserts five causes of action on behalf of plaintiff Chris Wolters and a proposed class of similarly situated Minnesota users. Wolters is seeking to recover gambling losses under Minnesota Statutes Section 541.20 and alleges violations of the Minnesota Consumer Fraud Act, the Minnesota Deceptive Trade Practices Act, and the Minnesota False Statement in Advertising Law. The lawsuit also includes an unjust enrichment claim. Wolters filed the lawsuit in…

The highly anticipated WSOP final table is officially set following a grueling summer of record-breaking poker action in Las Vegas. After weeks of intense competition at the Horseshoe and Paris Las Vegas casinos, the 2026 World Series of Poker $10,000 No-Limit Holdem World Championship has narrowed its massive field down to the final nine players. A total of 9,208 entrants registered for this year’s tournament, making it one of the largest fields in poker history. The remaining nine competitors are each guaranteed a minimum payout of $1,000,000 just for making it this far. However, they all have their eyes fixed…

International betting operator 1win has added a series of cryptocurrency-focused prediction markets to its Markets product, extending the platform into forecasts tied to some of the industry’s most closely followed digital assets. The new listings let users take positions on what price will the HYPE token trade at by the end of 2026, whether HYPE will surpass Solana (SOL) in market capitalization before December 31, 2026, where XRP’s price will land during 2026, and where Dogecoin (DOGE) will finish the year. 1win Markets runs on a “Yes” or “No” format, or a choice between a small set of clearly defined outcomes,…

In this article, MelBet previews UFC Fight Night 281, where its global ambassador and former welterweight champion Kamaru Usman returns to the Octagon for a highly anticipated showdown with former middleweight champion Dricus du Plessis. On July 18, MMA fans’ attention will be focused on one of the most anticipated fights of the year. In the main event of UFC Fight Night 281, MelBet’s global ambassador and former welterweight champion, Kamaru Usman, known as The Nigerian Nightmare, faces former middleweight champion Dricus du Plessis.  Two champions, one goal This bout features two former champions, both looking to stage a comeback.…