Author: OnlineGamblingDaily

Evolution reported a mixed regional performance in the first quarter of 2026, with growth in the Americas failing to fully offset weaker results in Europe, where regulatory conditions continued to affect revenue. Group net revenue for the quarter declined 1.5% year-on-year to €513 million ($600.21 million), while EBITDA fell 1.9% to €335.3 million ($392.30 million), resulting in a margin of 65.4%. Profit for the period stood at €251.9 million ($294.72 million), compared to €254.7 million ($298.00 million) a year earlier, and earnings per share before dilution rose to €1.26 ($1.47) from €1.24 ($1.45). Chief Executive Officer Martin Carlesund said regional…

The rise of digital betting platforms is creating a financial literacy crisis as the distinction between gambling vs investing becomes increasingly blurred for a new generation of participants. While both activities involve risk and uncertain outcomes, the underlying mechanics of each create vastly different financial results over time. Investing is fundamentally based on the concept of ownership. When individuals purchase stocks, bonds, or other assets, they are acquiring a claim on future cash flows and productive assets. This process relies on the compounding engine of the economy to build wealth over a long time horizon. In contrast, gambling is designed…

Penn Entertainment reported revenue of $1.4 billion for the first quarter of 2026, with segment adjusted EBITDAR of $471.4 million, as higher casino visitation and increased spending per visit drove its strongest retail growth in three years. Chief Executive Jay Snowden said the company entered the year with solid momentum across both its land-based and digital operations, supported by continued investments and operational improvements. “Increased visitation and higher spend per visit companywide supported year-over-year theoretical revenue growth across all rated worth segments, representing our largest quarterly increase in three years,” Snowden said. He added: “We are pleased to report another…

Boyd Gaming has reported first-quarter 2026 revenue of $997.4 million, a slight increase from $991.6 million a year earlier, while profit and adjusted earnings declined, reflecting weaker performance in Southern Nevada and ongoing property disruptions. Net income for the quarter totaled $105.5 million, or $1.37 per share, compared with $111.4 million, or $1.31 per share, in the same period of 2025. Adjusted earnings fell to $123.1 million, or $1.60 per share, from $137.7 million, or $1.62 per share. Total adjusted EBITDAR declined to $317.4 million from $337.5 million. In a prepared statement, CEO Keith Smith focused on the positive results of…

PENN Entertainment has been approved by the Alberta Gaming, Liquor, and Cannabis (AGLC) to operate its mobile sports betting and iCasino platform, theScore Bet, in Alberta. “We’re pleased to be among the first private, regulated operators to receive approval to offer online gaming in Alberta,” said Adam Kates, Vice President, Compliance, PENN Interactive. “Our team has been hard at work in anticipation of launching theScore Bet, and we look forward to bringing our premium sports betting and iCasino experience to Albertans on day one.” Currently available in 20 U.S. states and Ontario, Canada, theScore Bet platform offers a wide range…

A new slot titled has been added to the Habanero portfolio with the release of the Golden Taj Mahal online slot, which aims to transport players to the iconic landscape of India. The game utilizes a six reel and three row structure offering twenty five fixed paylines. This new title is characterized by its medium volatility and is designed to provide a balanced experience for a wide range of enthusiasts in the gaming sector. The visual elements of Golden Taj Mahal draw inspiration from Indian culture and the legendary palace itself. The symbols featured on the grid include tigers, candles,…

Ontario’s regulated sports betting market has entered a more stable phase after its initial surge, but beneath the surface, the forces driving growth, competition, and player engagement continue to evolve. Four years after the province officially launched its legal online gambling market on April 4, 2022, the framework overseen by iGaming Ontario (iGO) and the Alcohol and Gaming Commission of Ontario (AGCO) remains one of the most closely watched in North America. From the rise of live betting to the increasing role of data and automation in pricing, the sector is evolving into a tightly managed environment shaped by both…

The Oklahoma Senate on Wednesday voted down a proposal to legalize sports betting, rejecting House Bill 1047 by a 27-21 margin despite expectations of support amid backing from tribal stakeholders and the state’s professional basketball franchise. The measure, introduced by Sen. Bill Coleman, R-Ponca City, sought to establish a regulated framework allowing tribal operators to conduct both retail and mobile sports wagering, with provisions enabling digital platforms such as FanDuel and DraftKings to partner with tribes.  Under the proposal, tribes would remit 8% of sports betting earnings to the state, with projected annual revenue estimated between $15 million and $18 million.…

Prediction market operator Kalshi has fined and suspended three congressional candidates for wagering on the outcome of their own elections, in what the company described as violations of its exchange rules. The company said the candidates — Mark Moran, an independent running in Virginia’s U.S. Senate race; Ezekiel Enriquez, a Republican primary candidate for a U.S. House seat in Texas; and Matt Klein, a Democratic state senator running for a U.S. House seat in Minnesota — were each suspended from the platform for five years. Kalshi said the violations were identified through newly implemented safeguards aimed at preventing political candidates…

MGM Resorts International has confirmed that the MGM Grand Buffet will permanently cease operations after service on May 31, 2026. The decision marks the end of a 33 year run for the dining venue, which originally opened alongside the resort in 1993. The closure represents a significant shift in the culinary landscape of the Las Vegas Strip, where the traditional all you can eat model has been in steady decline for over two decades. The MGM Grand Buffet occupied approximately 15,000 square feet and was once a central part of the resort’s appeal to families and tourists seeking variety. During…

A proposal to legalize sports betting in Oklahoma is set to advance to legislative votes within days after lawmakers reached an agreement with tribal leaders and professional basketball stakeholders. However, the measure could face opposition in either chamber and a potential veto from the governor. The plan would authorize in-person wagering at tribal casinos while establishing a framework for statewide mobile betting through an amendment to the existing gaming compact. Tribal entities would retain exclusive rights to offer sports betting, and they would be permitted to negotiate with sportsbook platforms such as FanDuel and DraftKings. Prediction market platforms such as…

MGM Resorts International has completed the sale of the operations of Ohio’s MGM Northfield Park to private equity funds managed by Clairvest Group Inc. for $546 million in cash. Net proceeds are expected to total around $420 million after taxes and transaction costs. “MGM Northfield Park is a market‑leading property supported by a talented team that has consistently delivered outstanding guest experiences,” said Bill Hornbuckle, CEO & President, MGM Resorts International. “The property has a strong foundation, and we extend our best wishes to the team and new ownership for continued success in the next chapter of the property’s evolution.” Chief…

B2B iGaming platform provider Soft2Bet has been shortlisted in four categories at the EGR B2B Awards 2026. The company’s nominations include: Innovation in Mobile, Innovation in Casino Software, Full Service Platform of the Year (over 5 years), Individual Achievement Award for Yoel Zuckerberg, Chief Product Officer at Soft2Bet. The shortlist highlights Soft2Bet’s continued focus on developing technology and tools designed to help operators improve performance in competitive regulated markets, the company said. Its B2B platform combines a mobile-first user experience with localisation, compliance capabilities, and engagement tools aimed at supporting faster launches and improved acquisition, conversion, and retention outcomes. A…

Caesars is up for sale! Not Caesars Palace, the whole company is up for sale! But, that’s not the only Las Vegas sale that’s pending, and Sin City could soon be completely transformed! But actually, there are nine Vegas casino resorts that could be sold very soon… and another major resort that just changed hands with hardly anyone noticing.  We’ll get to that in just a moment because uh first, the possible sale of Caesars Entertainment. Golden Nugget owner Tilman Fertitta has made them a takeover offer for $7 billion. If successful, he would acquire the Las Vegas resorts of Caesars…

Caesars Entertainment has extended the period of exclusive talks for an $18 billion takeover proposal by billionaire Tilman Fertitta, Bloomberg News reports, citing people familiar with the discussions. Fertitta, the United States ambassador to Italy and San Marino and owner of Fertitta Entertainment, has offered $32 per share for the Las Vegas-based company and would assume more than $11 billion in Caesars’ debt. Shares of Caesars rose 2.1% to $27.80 following the report. The proposed financing package includes $2 billion to $3 billion in equity and $4 billion to $5 billion in new borrowing against the company’s assets, the report…

ReferOn has launched a built-in crypto finance layer that automates affiliate payouts through licensed payment partners, centralising all payout operations within its platform. The newly introduced system replaces traditionally fragmented and manual financial workflows with a unified infrastructure that provides program funding visibility, automated crypto payouts, and audit-ready transaction records. Crypto payouts are common in iGaming and affiliate operations, but often rely on manual execution and complex reconciliation processes. These challenges have historically increased operational risk and burdened affiliate managers with repetitive administrative tasks, the company noted. ReferOn’s solution introduces a centralized “single source of truth,” reducing errors and ambiguity…