Antonio “Tony” Alamo Sr., who came to America from Cuba and worked his way up from a basic casino position to run some of the best-known properties in Las Vegas, has died at 84. His family said he passed away on October 2 with his loved ones by his side, after dealing with health issues…
UK finance minister Rachel Reeves suggested that a potential hike in gambling taxes could be in the works, providing the necessary funds for the long-delayed revision of child benefits by the Labour government. Notably, the envisioned changes will not affect the horse racing sector, which recently rallied against what they describe as an unsustainable tax…
While the Wheel of Fortune is not comparable to the Powerball or Mega Millions lottery game, the show has remained a fixture in television and popular culture. Now, a woman from Connecticut, one Christina Derevjanik, won the fourth-ever seven-figure prize from the competition. Wheel of Fortune Powerball Mega Millions Christina Derevjanik Wheel of Fortune Mints…
The United Kingdom’s Gambling Commission (UKGC) has released the second report in its series on the illegal gambling market in Great Britain, indicating that there is no evidence of an overall upward trend, despite increased activity observed in the latter half of 2024. United Kingdom’s Gambling Commission (UKGC) Great Britain latter half of 2024. UKGC’s…
Kalshi’s CEO, Tarek Mansour, made an appearance on Bloomberg’s Odd Lots podcast and talked about his company’s business operations, and expectedly, the status quo with prediction markets. Tarek Mansour Odd Lots podcast A Superior Model Is Putting Sportsbooks on the Back Foot Mansour said that prediction markets are not only going anywhere, but they have…
Brazil has introduced new regulations that prohibit recipients of social welfare programs from taking part in fixed-odds betting. This development marks another step in the government’s mission to bring order and accountability to the fast-growing gambling sector. The ban also aligns with recent enforcement reforms that cracked down on unauthorized betting activity. Brazil social welfare…
Philip Pietras, 51, from Connecticut, is charged with 60 criminal counts for embezzling funds from his funeral home business to support his gambling habit and lavish lifestyle. According to prosecutors, Pietras misused funds that clients had prepaid for funeral and burial services, using the money to support his lifestyle, including frequent trips to casinos nationwide….
The Philippine Amusement and Gaming Corporation (PACOR) is determined to stamp out illegal gambling, and to do so, it is allocating PHP 50 million to the National Bureau of Investigation (NBI), which has already collaborated with the watchdog in targeting illegal gambling operations first-hand. Philippine Amusement and Gaming Corporation National Bureau of Investigation PAGCOR Bolsters…
According to the latest National Gambling Survey from The Australian National University (ANU), the number of Australians engaging in risky gambling is now at its highest point in six years. National Gambling Survey The Australian National University (ANU), The Australian National University Study Finds Concerning Details About Risky Gambling Risk was assessed using the Problem…
Bally’s Corporation announced recently that it has secured additional commitments to its revolving credit facility, expanding the extended maturity tranche to $510 million and setting a new maturity date of October 2028. Bally’s Corporation $510 million October 2028 Here’s What Bally’s Promises Bally’s also disclosed that all lenders holding a combined $670 million in revolving…
