Author: OnlineGamblingDaily

Atlantic City’s nine casinos generated $304.2 million in in-person casino revenue in July, up 7.1% from a year earlier and marking their strongest July performance since 2012, according to New Jersey gaming regulators. Slot revenue rose 6.2% to $226.1 million, while table-game revenue increased 9.5% to $78.1 million, according to data from the New Jersey Division of Gaming Enforcement (DGE). “At the peak of summer, Atlantic City’s casino operators realized the best single-month of brick-and-mortar gross revenue since August 2025 and the second highest such return in more than a decade,” said Brian Tyrrell, director of Stockton University’s Lloyd D.…

Bally’s Corporation reported a 20.5% increase in second-quarter revenue to $792.2 million, but a substantial quarterly loss, high debt levels and financing requirements are drawing renewed attention to the company’s major development projects, including its permanent casino in Chicago. For the quarter ended June 30, 2026, Bally’s reported a net loss of $163.98 million, with $146.1 million attributable to the company. Its net loss for the first six months of the year was about $308 million. Bally’s had approximately $4.5 billion in debt as of June 30 and recorded about $265.9 million in negative operating cash flow and nearly $229…

Baltimore Mayor Brandon M. Scott and the City Council filed separate lawsuits Thursday against prediction market operators Kalshi and Polymarket, arguing that both platforms function as unlicensed sportsbooks in violation of the city’s Consumer Protection Ordinance (CPO). The complaints, filed in the Circuit Court for Baltimore City, allege that the two companies mislead customers about the legal status of their products while offering wagers on game winners, point spreads, point totals and player propositions — categories of bets typically associated with licensed sportsbooks. Kalshi and Polymarket describe these transactions as “event contracts” traded on a peer-to-peer basis rather than house-set…

Las Vegas’ Treasure Island has ended its $200 free slot play promotion early after overwhelming demand caused long lines and chaos on the casino floor. The promotion, which launched Monday and was originally scheduled to run through Sept. 7, was available every Monday through Wednesday to both new and existing loyalty club members. “Due to overwhelming response, the offer reached its planned capacity earlier than anticipated,” a casino spokesperson said. The promotion quickly gained traction after Treasure Island promoted it through emails, app notifications, and mailers. By Tuesday, the redemption line had stretched across multiple areas of the casino floor,…

Prediction market operator Kalshi must sharply curtail its operations in Washington state after a judge found the company is likely violating state gambling laws, escalating a legal battle over whether its event contracts are financial products or wagers.  King County Superior Court Judge John McHale ordered Kalshi to stop accepting contracts in Washington on sports, elections and politics, entertainment, culture, technology and science. The company can continue offering contracts linked to commodities, climate, economics and finance. “Kalshi operates an online betting platform,” McHale wrote in his preliminary injunction, finding the company likely violates multiple provisions of Washington law. Kalshi must…

In this article, experts from SOFTSWISS Sportsbook and NEXT.io explore the rise of prediction markets in iGaming, examining their distinct audience, product model and the strategic opportunity they present for operators. Prediction markets have become one of the most talked-about opportunities in iGaming. According to the “Prediction Markets: From Trading to Betting” report, monthly volumes grew from $32 million in 2024 to $12.6 billion in 2026. At least six major iGaming operators entered the category in 2025: DraftKings, FanDuel, Fanatics, Underdog, PrizePicks, and N1Bet. But before deciding how to launch prediction markets, operators need to decide what exactly they are…

Five years after launching its first titles, 1spin4win has expanded its portfolio to more than 200 games while maintaining a focus on classic online slots and streamlined gameplay. As the supplier has grown its player base, operator network and turnover, performance data has increasingly informed decisions around game mathematics, mechanics and regional preferences. In an interview with Yogonet, the 1spin4win team discussed how player analytics have shaped its product strategy, the evolution of successful mechanics across successive releases, and the thinking behind anniversary title Lucky 1spin4win Hold and Win. The team also outlined how data and regional player behavior are expected to influence…

The White House is expected to host crypto and prediction market officials next Wednesday, three people familiar with the plans told Politico. The gathering may also include traditional finance executives, although the attendee list remains unsettled, the outlet reported. It is unclear whether President Donald Trump will attend. Crypto and prediction markets have emerged as major areas of focus in Washington, where regulators appointed by Trump have taken steps to support both industries. The gathering is scheduled one day before the Commodity Futures Trading Commission is due to hold a meeting for its new Innovation Advisory Committee. The panel includes executives…

JPMorgan Chase remains open to underwriting a potential Polymarket initial public offering despite terminating the prediction market platform’s banking relationship last year over regulatory concerns, Financial Times (FT) reported. Polymarket has not yet announced an IPO or filed to go public. The New York-based company is separately seeking to raise more than $1 billion at a valuation of about $20 billion, more than double the roughly $8 billion valuation it reached in a 2025 fundraising round. Polymarket has also recently reported more than $1 billion in annualized revenue. JPMorgan reportedly told Polymarket in October that it needed to find another…

The Las Vegas Palms Casino Resort is set to open a new 7,300-square-foot enclosed non-smoking gaming area on August 24th, expanding its overall casino floor with 224 additional slot games. Located near the William Hill Sportsbook, the new gaming space will feature titles supplied by nearly a dozen gaming manufacturers alongside a full-service bar. Unlike the property’s existing non-smoking section, this expansion offers a completely separate and fully enclosed environment for patrons seeking a smoke-free venue. According to Kevin Glass, general manager at the Las Vegas Palms, the decision to construct the space was driven directly by guest feedback requesting…

Crypto-based online gaming platform Metaspins has expanded its product offering by launching prediction markets, allowing users to trade contracts tied to the outcomes of real-world events. The new feature enables users to buy and sell contracts based on the probability of future outcomes across categories including cryptocurrency, sports and politics. Market prices adjust dynamically as participants respond to new information and changing sentiment. Unlike fixed-odds betting, the prediction markets allow users to close positions before an event is settled or hold contracts until the outcome is determined. The markets that are officially resolved settle at $1, providing a standardized settlement…

Americas Cardroom will offer more than $20 million in guaranteed prizes on 16 August through its Super Stacked Sunday schedule. The lineup will combine Day 1B of two Mystery Bounty Venom events, three Run Up Series Main Events, several six-figure tournaments, and the return of the full Sunday tournament schedule. The largest guarantees come from the $12 million No Limit Hold’em Mystery Bounty Venom and the $3 million Pot Limit Omaha Mystery Bounty Venom. Both $2,650 buy-in events will begin their Day 1B flights at 12:05 p.m. ET. The two events represent the largest combined Venom offering in Americas Cardroom’s…

FIRST.bet will once again manage trading, pricing, and risk management for Bet da Sorte’s sportsbook, marking the operator’s return to the provider after testing an alternative technology partner. Under the renewed agreement, FIRST.bet’s platform will oversee these functions across both pre-match and in-play betting for Bet da Sorte, a brand ranked among Brazil’s top operators. Bet da Sorte will continue running its wider platform on Single Software, an iGaming technology stack shared across the group’s portfolio of Brazilian betting brands. The renewed deal follows a period during which Bet da Sorte tested a different sportsbook provider before returning its sports…

A newly hired employee was arrested following an armed robbery at the sportsbook inside Virgin Las Vegas after returning to work. Law enforcement authorities confirmed that the individual allegedly robbed his own workplace at knife point before showing up for his scheduled shift the following day. The incident began when the masked suspect entered the William Hill sportsbook operating within the property. Brandishing a knife, he threatened personnel and demanded cash, successfully fleeing the scene with approximately $28,000. Investigators reviewing surveillance footage from Virgin Las Vegas quickly established a timeline of events. Security video showed the suspect walking into a…

Brazilian Senator Carlos Fávaro of the Social Democratic Party (PSD-MT) has introduced legislation that would prohibit fixed-odds betting across Brazil, including the operation, promotion and intermediation of betting services in both physical and online environments. Bill 4.977/2026 would prohibit the exploitation, operation, offering, dissemination, advertising, sponsorship and intermediation of fixed-odds betting, regardless of whether an operator is based in Brazil or abroad. The measure would not apply to other lottery categories governed by specific legislation. The proposal would also revoke provisions of Laws No. 13.756/2018 and No. 14.790/2023, which currently regulate the fixed-odds betting sector. Fávaro announced the bill during…

Tecpinion will attend SBC Summit 2026 in Lisbon, Portugal, from September 29 to October 1, where it plans to demonstrate its recently launched AI-powered, GLI-19 certified iGaming platform and meet industry partners and prospective customers. The event is expected to draw 40,000 industry professionals from more than 150 countries, along with more than 800 exhibitors and sponsors and over 600 speakers. Participants will include operators, technology providers, affiliates, payment companies, suppliers, regulators, investors, and other senior industry decision-makers. Tecpinion said its team will present the latest version of its platform and its AI implementation to existing partners, customers, consultants, referrals,…