(AsiaGameHub) - As part of its responsible gaming initiatives, the Michigan Gaming Control Board (MGCB) has begun offering Michigan residents free access to Gamban, a gambling-blocking software. Good to Know Michigan residents can apply for complimentary Gamban licenses through the MGCB’s official website. License durations range from one to five years. Users do not need to enroll in the state’s self-exclusion program to qualify. Free Tool Blocks Gambling Sites and Mobile Apps The MGCB noted that this new partnership provides residents an additional method to restrict access to online gambling platforms—including licensed casinos, sports betting apps, offshore sites, and unregulated services. Gamban functions across multiple devices, blocking gambling websites and mobile apps while keeping non-gambling services accessible. The company also states that once installed, the software is hard to remove or disable, a feature that supports users seeking a stronger barrier between themselves and betting products. The tool can also direct users to local support services when they seek help with gambling-related harm.MGCB Executive Director Henry Williams described Gamban as “a free, proven tool to instantly block access to online gambling across all their devices.” Cost can deter some users from trying blocking software, and Gamban Director of External Affairs Matt Zarb-Cousin said the Michigan partnership addresses this gap: “We are delighted to partner with the Michigan Gaming Control Board to make Gamban free for those where cost would otherwise be a barrier. “When someone takes the first step toward quitting gambling, they will be informed of all state-available support services via the Gamban app, while it works in the background to block gambling sites and apps.”This program launches as Michigan continues to operate one of the larger regulated online gambling markets in the U.S., with state regulators adding more consumer protection tools for legal iGaming and sports betting. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
UK MPs Re-examine Gambling Ads After APPG Report
(AsiaGameHub) - UK MPs have debated gambling advertising in Westminster, following a report from the APPG that urged stricter regulations on marketing, sports sponsorships, and content targeting younger viewers. Good to Know The APPG report supported a ban on gambling advertisements before 9pm. MPs expressed worries about children being exposed to betting commercials on television and the internet. Government ministers stated that any new measures should not push consumers toward unlawful gambling sites. MPs Clash Over Gambling Ad Limits Labour MPs Alex Ballinger and Dr Beccy Cooper described gambling advertising as a public health issue, contending that repeated exposure can lead to more betting and hinder recovery for those suffering from gambling-related harm. Ballinger presented statistics indicating that gambling companies allocate roughly £2 billion annually to marketing. He also mentioned Gambling Commission data revealing that 79% of children have encountered gambling advertisements. Dr Cooper drew parallels between the promotion of gambling and the advertising of tobacco, alcohol, and unhealthy food, stating:“Gambling is an addictive product. That is an incontrovertible health fact.” Not all MPs unconditionally endorsed stricter regulations. Conservative MP Charlie Dewhirst cautioned that severe restrictions could harm sports and broadcast revenues and allow unlicensed overseas operators to expand their market presence. He suggested that illicit operators might surpass regulated UK companies in advertising expenditure by 2028. The topic of sports sponsorship was also discussed, with MPs highlighting the Premier League's ban on front-of-shirt gambling sponsors starting in the 2026/27 season. This change could cost clubs as much as £80 million.Ministers committed to continuing their review of the APPG's proposals. They also highlighted the existence of a cross-government taskforce on illegal gambling, an additional £26 million in funding for Gambling Commission enforcement, and a planned consultation regarding sports sponsorship by unlicensed operators. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Washington Gambler Alleged to Use Vibrator to Cheat Coin Pushers
(AsiaGameHub) - A man from Washington accused of cheating coin pusher machines at Northern Quest Resort and Casino is scheduled for trial on May 26, after prosecutors say he used a hidden vibrating device to trigger machine payouts. Good to Know Jeremiah Kevin Villegas was already barred from all properties managed by the Kalispel Tribal Gaming Agency. Prosecutors state the suspected coin pusher cheating occurred between August 26 and September 3. He currently faces one count of second degree cheating and one count of second degree burglary. Prosecutors Confirm Coin Pushers Were the Target Jeremiah Kevin Villegas, 33, is accused of returning to Northern Quest Resort and Casino in Airway Heights, despite being issued a 99-year ban from Kalispel Tribal Gaming Agency properties. According to the Spokane County Prosecuting Attorney Office, Villegas used a concealed vibrating device while playing the casino’s coin pushers. The Spokesman Review reported he would first cash out, then press against the sides of the machines to trigger extra rounds and additional payouts. Court documents referenced by the outlet show surveillance footage captured Villegas keeping his hands inside his sweatshirt pocket. Video also reportedly shows him kicking the sides of the coin pusher machines. Kalispel Tribal Gaming Agency agents reportedly monitored the suspicious activity over a nine-day period. Villegas was arrested on October 12 and originally faced 14 counts each of second degree burglary and first degree cheating. Charges in the case were later narrowed to one count of second degree cheating and one count of second degree burglary. In Washington, second degree cheating carries a maximum penalty of up to one year in jail. A conviction for first degree cheating would have carried a maximum sentence of up to five years. The agency first banned Villegas last June over alleged assaults, threats, and “pushing and kicking” of casino machines starting in 2024. Court records also note he threatened the agency via phone and email after a slot shift manager contacted him about his behavior. Villegas was arraigned on November 5. According to the Spokesman Review, his bond was set at $5,000 during his April 13 court appearance, and he remains incarcerated at Geiger Corrections Center. Casino cheating cases are rare in Spokane County. The local prosecutor’s office has handled only three such cases over the past six years. If you’d like to find locations of coin pushers across the U.S., we publish a full list of all casinos that offer coin pushers. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Texas Tech’s QB Brendan Sorsby Enters Gambling Addiction Treatment, Reportedly Placed Thousands of Wagers
(AsiaGameHub) - Brendan Sorsby, Texas Tech’s quarterback, has taken an immediate indefinite leave of absence following reported sports betting activity that triggered an NCAA review. Key Points Reports indicate Brendan Sorsby placed thousands of online bets via a sports betting app. Texas Tech announced he will enter a residential program for gambling addiction treatment. ESPN stated there is no law enforcement case and no evidence linked to game manipulation. NCAA Betting Rules Raise Questions About Sorsby’s Eligibility Texas Tech is framing the situation with a focus on health first. The school revealed Monday that Sorsby would step away from football to get treatment, while ESPN noted the case has been treated as a “mental health matter.” Texas Tech coach Joey McGuire said: “We love Brendan and support his decision to seek professional help.“Taking this step requires courage, and our primary focus is on him as a person. Our program is behind Brendan as he prioritizes his health.” At the same time, ESPN reported the NCAA is reviewing whether Sorsby violated gambling rules by placing thousands of online bets. NCAA rules prohibit athletes from betting on college or pro sports, and wagers involving a player’s own team can carry the harshest penalty—including permanent loss of eligibility. The reported betting activity dates back to Sorsby’s time at Indiana. ESPN sources said he placed bets on Indiana to win during his redshirt freshman year in 2022. He appeared in one game that season, and ESPN reported he did not bet on that specific game. No official NCAA decision has been made public. ESPN also noted Sorsby is not under law enforcement investigation, and sources found no evidence connected to game manipulation.This case involves one of college football’s highest-profile players. Sorsby transferred after throwing for 2,800 yards and 27 touchdowns at Cincinnati in 2025, then became one of the top names in the 2026 transfer portal. He now stands as the most prominent college player publicly linked to gambling addiction treatment. FAQ Why Is Brendan Sorsby Taking Leave From Texas Tech? Texas Tech said Brendan Sorsby is taking an immediate indefinite leave to enter a residential gambling addiction treatment program. Is Brendan Sorsby Under NCAA Review? Yes, ESPN reported the NCAA is reviewing his reported online sports betting activity. Did Brendan Sorsby Bet On His Own Games? ESPN reported Sorsby bet on Indiana to win while he was a redshirt freshman in 2022, but not on the one game he played that season. Could Brendan Sorsby Lose NCAA Eligibility? Yes. NCAA policy allows for permanent loss of eligibility when an athlete bets on their own team. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
A Hard Rock Bet Consumer Converts $30 Into $1.98 Million
(AsiaGameHub) - A Hard Rock Bet player in Florida converted a $30.11 MLB parlay into a $1.98 million windfall after successfully predicting six home runs over Friday and Saturday. Key Details The six-leg parlay was backed by odds of +6,576,031. According to Hard Rock Bet, no profit boosts or free bets were utilized. The wager set a new record for the smallest stake to ever trigger a payout exceeding $1 million at Hard Rock Bet. Record-Breaking Hard Rock Bet Payout Triggered by Six Home Runs Hard Rock Bet reported that the win represents the longest-odds seven-figure parlay payout in the history of the sportsbook. With odds of one-in-65,761.31, the ticket exceeded the previous record of 21,424x by more than three times. A gambler turned $30 into nearly $2 MILLION… This is the definition of a FLAWLESS parlay pic.twitter.com/16ITjGType— Hard Rock Bet (@HardRockBet) April 25, 2026 The bettor's success depended on Riley Greene, Coby Mayo, Jesus Sanchez, Bryce Harper, Jazz Chisholm Jr., and Nick Kurtz all hitting home runs. Every leg was successful, turning a modest wager into nearly $2 million. Hard Rock Bet noted that the bet was a standard parlay rather than a same-game parlay, where high odds often accumulate more quickly. The parlay began with Greene (+475), who hit a 405-foot home run to right field off Andrew Abbott during the second inning. Sanchez (+700) followed with a 422-foot blast to center field against Garrett Williams in the first inning.Mayo faced the longest individual odds at +800, hitting a 397-foot shot to left-center off Jovani Moran for his third consecutive game with a home run. Harper (+475) contributed a 389-foot drive to left-center against Grant Holmes. Chisholm Jr. kept the momentum alive at +550 with a 393-foot homer to right off Lance McCullers Jr. The final leg, Kurtz (+325), wasted no time despite having the latest start of the day, hitting a 417-foot home run to right field against Nathan Eovaldi in the opening inning. Neil Walsh, Hard Rock Bet’s senior vice president of sportsbook, remarked: “We are thrilled about this result. “This is one of the highest-odds six-leg parlays we have ever paid out, and it stands as the smallest stake to ever produce a million-dollar winner. “While we have seen some significant wins, this one was truly exceptional. It is a legendary performance that belongs in the history books.”Hard Rock Bet identified the winner as a “recreational bettor,” noting that the win was a combination of strong conviction and good fortune. The company mentioned that the previous record for the smallest stake to win over $1 million was a $51 parlay from March 2025 that paid out $1.1 million. Chisholm later joked about the situation after hearing he played a role in the massive win. He asked: “Do I get a share?” FAQ What was the total win for the Hard Rock Bet user? The bettor collected $1.98 million from a $30.11 MLB home run parlay. What were the odds for the winning MLB parlay? The winning ticket had odds of +6,576,031, or approximately one-in-65,761.31. Which MLB players were included in the parlay? The winning legs consisted of home runs from Riley Greene, Coby Mayo, Jesus Sanchez, Bryce Harper, Jazz Chisholm Jr., and Nick Kurtz. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
VICI即将完成11.6亿美元的内华达州赌场房地产交易
(AsiaGameHub) - VICI Properties is nearing the conclusion of its $1.16 billion purchase of seven Nevada casino real estate assets from Golden Entertainment, having secured all necessary shareholder and regulatory clearances. Key Details The transaction is slated for completion on or about April 30, 2026. VICI is acquiring the land, buildings, and associated improvements for seven Nevada-based casinos. The STRAT Hotel, Casino, and Tower, located on the North Las Vegas Strip, is part of the acquisition. Nevada Gaming Real Estate Transaction VICI Properties will expand its Nevada gaming portfolio through an agreement centered on real estate ownership and long-term leasing, while a separate entity manages operations. Under the terms, VICI will acquire full ownership of the land and physical assets of seven Golden Entertainment properties. Following the close, a new company led by Blake L. Sartini will take over the operating business and manage the sites. The lease agreement starts with an annual rent of $87 million for an initial 30-year period, including four five-year extension options. Rent escalations of 2% annually will begin in the third year.Golden Entertainment investors will be issued approximately 24.3 million VICI shares. This represents an exchange of 0.902 VICI shares per Golden share, supplemented by a cash payment from a Golden OpCo affiliate. The deal received shareholder approval on March 31. Additionally, VICI will take on and promptly settle $426 million of Golden Entertainment’s debt, utilizing available cash and proceeds from forward sale agreements. The STRAT represents the most prominent Las Vegas property in the deal. Golden Entertainment acquired it in 2017 and invested $140 million in upgrades. VICI’s existing Strip portfolio includes Caesars Palace, MGM Grand, and The Venetian & Palazzo. Golden Entertainment will retain ownership of the Gold Town Casino in Pahrump along with its 72 Nevada gaming taverns. Concurrently, Sartini is pursuing a plan to privatize the company at a price of $30 per share.Sartini remarked: “I believe this deal provides maximum value for our investors by offering a notable premium over our current stock price. We are excited to align our premier Nevada casino real estate with a leading experiential real estate platform like VICI to create value and seek out new prospects.” Sartini further noted that since the company's inception in 2001, his priority has been providing service across the Strip, regional resorts, and local venues. He intends to maintain this focus while guiding approximately 5,000 staff members into the company's next chapter as a private entity. FAQ When is the VICI and Golden Entertainment agreement set to conclude? The transaction is expected to close on or around April 30, 2026, pending the fulfillment of remaining standard conditions. What is the total value VICI is paying for the Golden Entertainment assets? The deal is valued at $1.16 billion and encompasses seven casino real estate properties in Nevada. Which prominent asset is included in the sale? The STRAT Hotel, Casino, and Tower on the North Las Vegas Strip is part of the transaction.What properties will Golden Entertainment continue to own? Golden Entertainment will keep the Gold Town Casino in Pahrump as well as its network of 72 gaming taverns throughout Nevada. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
DraftKings Racing Expands to Six New States Ahead of the Kentucky Derby
(AsiaGameHub) - Ahead of the Kentucky Derby on May 2, DraftKings Racing has expanded to six additional states, allowing more users to access horse racing betting options through the main DraftKings Sportsbook app. Good to Know DraftKings Racing is now operational in Florida, Louisiana, Montana, New Hampshire, Ohio, and Oregon. The service first launched in Delaware, Rhode Island, and New Mexico this past March. Horse racing wagering is now integrated into the DraftKings Sportsbook app, complete with a shared wallet feature. Horse Racing Integrated Into DraftKings’ Main App DraftKings has fully folded its horse racing product into its sportsbook platform, moving away from the separate DK Horse setup it previously used. Users in the six new states can now place pari-mutuel horse racing bets within the same app they use for other sports. This timing positions DraftKings Racing to capitalize on a busy horse racing season, with the Kentucky Derby scheduled for May 2. The product covers live racing events, including major meets like the Derby. Johnny Avello, director of race and sports operations, stated:“DraftKings is dedicated to delivering the best fan experience across all sports, and we’re proud to keep enhancing that experience for horse racing fans with DraftKings Racing. “DraftKings Racing is designed for speed and simplicity, offering a seamless and powerful way to engage with the sport’s biggest moments. “By integrating horse racing directly into the DraftKings Sportsbook app, customers can wager across multiple sports in one place using a shared wallet — creating a more connected and streamlined experience.” DraftKings noted that more states are expected to go live before the end of the year, though the rollout will depend on individual state regulations. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Flutter Invests £1.5m in Leeds Hub for Customer Protection
(AsiaGameHub) - Flutter Entertainment has committed an additional £1.5 million to responsible gambling and player safety, establishing a new specialised centre at a key UK headquarters. Based at the company's Leeds, West Yorkshire, headquarters, the 'Centre of Excellence' is designed to be a hub for collaboration, learning, and innovation in responsible gambling and customer protection. This initiative is part of a broader strategy on safer gambling tools. Flutter has a goal of having 75% of its customers use these tools by 2030. The parent company of Sky Bet, Paddy Power, and Betfair reports the current usage rate is 60%. The new centre will be home to Flutter's 450-member customer safety team, providing a space for them to create and trial new technological solutions in this area. The hub's launch coincides with the Ethical Gambling Forum being held at Flutter's Leeds office. Steve Hoare, editor of SBC's Player Protection Hub, will moderate two sessions at the event. Richard Clarke, Flutter’s Managing Director of Customer Product, stated: “We are extremely proud to host the Ethical Gambling Forum in Leeds, which we see as recognition of our industry-leading stance on customer safety. “In the past year, we have completely overhauled our systems and integrated AI modelling to enhance our monitoring of risky behaviours. We continuously invest in, enhance, and perfect our market-leading systems that take proactive steps to promote positive play and more considered decision-making. “Our goal is to pioneer, develop, and ultimately establish a benchmark for data-driven customer safety for the entire industry, from here in Leeds.” Flutter reinforces RG commitment in UK&I Flutter's emphasis on responsible gaming and corporate social responsibility has a long history. The company has notably engaged with startups in these fields. Its Alpha Hub, a technology unit launched in 2018 to focus on startup collaboration, has worked with new companies on responsible gaming and other projects. Globally, the firm invested £100 million in safer gambling capabilities during 2024, reflecting its extensive international presence from the UK and Ireland to the US, where it owns the FanDuel brand. From that £100 million total investment in 2024, £65 million was allocated to the UK and Ireland. These markets, where Flutter originated from the 2016 merger of Paddy Power and Betfair, continue to be a central focus for the group and its responsible gambling objectives. Last week, the company revealed a partnership in Ireland with EPIC Global Solutions, an organisation dedicated to gambling harm prevention education. The collaboration focuses on the League of Ireland (LOI), Ireland's top professional football league. The partners are creating a gambling awareness programme for all 32 senior men's and women's teams over three years. Flutter is financing the effort, which involves 70 workshops aiming to engage 2,000 participants annually. Scott Davies, Irish football player and manager, attending the EPIC / LOI event – Source; EPIC Global Solutions The schedule features 32 sessions for senior LOI teams, covering 20 men's and 12 women's sides; 26 sessions for academy clubs, including U-17 men's and women's teams; plus 10 sessions for Women’s Development League senior teams and one session for match officials. A workshop has also been conducted for Football Association Ireland (FAI) staff. More than 100 FAI employees attended a session on 21 April, led by Manchester-based EPIC. EPIC has a lengthy track record of collaborating with Flutter, including on projects in the US with FanDuel, and with other leading betting operators such as William Hill. On the new education programme, LOI Director Mark Scanlon commented: “We were very pleased to observe the initial effects of our partnership with EPIC, and the early outcomes confirm our dedication to proactive education. “The surge in integrity awareness – especially within our women’s teams, from 53% to 94% – demonstrates that this education is truly resonating with players and creating tangible change. “We anticipate expanding the education programme to our clubs' academy teams in the coming months and are sure this preventative strategy will yield substantial benefits throughout the three-year partnership.” Soon after announcing the EPIC and LOI partnership, Flutter revealed the winners of the Tech4Good Awards 2025, another example of the NYSE-listed firm engaging with both charitable and technology startup sectors. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Novibet Appoints New Tech Chief to Drive Strategic Growth
(AsiaGameHub) - Novibet has named Yiannis Stravroulas as its new Chief Technology Officer, tasking him with a primary focus on integrating AI and other modern technologies. The Greek-headquartered operator is a dominant force in its domestic market and Cyprus, while maintaining a significant international presence across eight additional nations. Since the launch of Brazil's regulated online betting and iGaming sector on January 1, 2025, Novibet has been operational there, alongside its activities in Mexico, Ecuador, Chile, Canada, Finland, and Ireland. In an official announcement regarding the appointment, the company highlighted that the new CTO will be instrumental in achieving its objective of becoming a ‘global GameTech company’. Stravroulas, who previously served as Chief Operations Officer at the Greek IT organization Cognity, is responsible for strengthening Novibet’s technical infrastructure to support its growth, product development, and user experience. “Joining Novibet represents a significant move beyond my comfort zone,” Stavroulas shared via LinkedIn. “I am entering this role backed by my experience and thrilled by the prospect of evolving alongside a company that is growing at roughly 30% annually and expanding rapidly across 10 countries on three continents!” “In this environment, technology is not merely a support tool but a fundamental pillar of the business—the engine driving the entire organization forward.” Is technology the key to market leadership? The emphasis on technology may become increasingly vital for Novibet as competition intensifies in its active regions, both from other licensed entities and the unregulated sector. For instance, Brazil currently hosts more than 79 operators licensed by the Ministry of Finance’s Secretary of Prizes and Bets (SPA). The nation is also continuing its long-standing struggle against an established black market. Meanwhile, in Finland, Novibet is preparing for the transition to a multi-license system as the government dismantles the Veikkaus Oy monopoly. This shift is expected to trigger a competitive scramble for market dominance. The high level of competition in these territories underscores the necessity for technological excellence and operational efficiency, which are critical for firms like Novibet. Stravroulas’ arrival follows the recent cancellation of a deal that would have seen Allwyn acquire a majority stake in Novibet, a move blocked by the Hellenic Competition Commission (HCC). Following the termination of the Allwyn agreement, Novibet confirmed its commitment to its strategic roadmap, emphasizing that it will continue to utilize its proprietary platform and advanced technology as primary competitive assets. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
The Closure of Eminence Capital
(AsiaGameHub) - Entain faced further stock market woes today following confirmation that a major shareholder, Eminence Capital, is closing after 27 years. Around 12:20 GMT, shares in the LSE-listed company fell 7.04% to 557.4p, as investors reacted to the potential share overhang from the hedge fund's impending exit. Founded by Ricky Sandler, Eminence is believed to own approximately 6.5% of Entain, ranking as its third-largest investor after Capital Group and Dodge & Cox. The worry for the market is that Eminence will need to sell its holdings as it liquidates and returns money to clients, creating the risk of ongoing selling pressure on Entain's stock in the short term. In a client letter, Sandler confirmed the shutdown of the New York fund he started in the late 1990s, pointing to poor performance, higher costs, and tougher market dynamics. The firm, which manages about $6bn (£4.42m), plans to return at least 75% of investor capital by mid-to-late June as part of a structured closure. “In recent years, applying our disciplined bottom-up investment approach to fast-changing markets and an evolving structure has grown increasingly hard,” Sandler wrote in a letter obtained by Bloomberg. “We feel we have not met our own lofty standards or your expectations in recent times. “I have immense pride in the Eminence team, the business and culture we created, and the quality of our investors. “The firm has been much more than just a career to me. It has been a central part of my life.” Ricky Sandler. Credit: Eminence Capital Eminence has struggled with performance for an extended period, even though its disclosed portfolio contained notable names like Amazon and Salesforce, which comprised a significant 10% portion. Entain may not be the only casualty of Eminence’s shutdown Reports indicate the fund also has a minor stake in Flutter Entertainment and roughly 8.43 million shares, worth about $290m, in another prominent US gambling firm, DraftKings. Eminence's closure has not negatively affected Flutter's share price in London, where its stock is up 1.5% today to 8,244p. However, observers are cautious about the potential impact on DraftKings, considering Entain's sharp decline. DraftKings, traded on the NYSE at $23.18 per share, has received a ‘Strong Sell’ rating from one analyst. Others remain hopeful that excitement around prediction markets will aid the company following its launch of DraftKings Predictions. It became the second major US betting operator to introduce a predictions platform, after Fanatics, and pipped its key rival FanDuel – owned by Flutter – to the post. Beyond prediction markets, all three companies have endured a difficult year on the markets. Entain's shares have fallen over 10% in London in the past 12 months, while Flutter is down more than 50% on the NYSE and DraftKings has declined 30% on the NASDAQ Global Select Market (New York). Entain also confronts a tougher operating environment in its home UK market, with rising taxes and a growing black market worrying both the regulated sector and the government. A voluntary ban on front-of-shirt sponsorships in the English Premier League starts next year. CEO Stella David has advocated for a full sponsorship ban on unlicensed operators, whose branding is prevalent on shirts and in stadiums. A persistent downturn in UK and Irish retail has also hurt the company, prompting plans to close a significant number of its Irish Ladbrokes shops to reduce costs. Nevertheless, its first-quarter revenue rose 3%, with online revenue in the UK and Ireland exceeding forecasts with 13% growth. This offers a glimmer of hope for the FTSE 100 member, which has a market capitalisation of approximately £3.6bn. Yet the shutdown of Eminence has inflicted another setback on Entain, and the market will watch closely for any effect on DraftKings during a period when gambling firms worldwide have been under pressure. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Regulator Forces Holland Casino and VBET to Drop Own Goals Betting Market
(AsiaGameHub) - Holland Casino and VBET have modified their product offerings following concerns raised by the Dutch Kansspelautoriteit (KSA) regarding football bets available on their platforms. The KSA announced today that it had approached Holland Casino and VBET concerning the availability of "own goals" as a betting market on both operators' websites. The KSA, along with several other national gambling regulators, views betting on the number of own goals in a football match as a threat to sports integrity. In its official guidance on sports integrity, the KSA categorizes bets on own goals alongside events such as time penalties, Formula One car retirements, race red flags, and player injuries as examples of "negative or easily manipulated events." SBC News has contacted Holland Casino and VBET for comment. However, the KSA has confirmed that both companies have since removed the option to bet on own goals from their respective sportsbook platforms. “The KSA addressed both providers on this matter,” the regulator’s statement read. “Subsequently, both Holland Casino Online and VBET adjusted their offerings and removed own-goal bets. “They have also implemented additional control measures to prevent future occurrences. As a result, the KSA considers this matter sufficiently resolved for the time being.” The KSA has valid reasons to carefully consider which types of bets should be permitted, with a focus on safeguarding sports integrity and preventing match manipulation. According to quarterly and annual reports from the International Betting Integrity Association (IBIA), football consistently ranks as one of the two sports most vulnerable to match manipulation attempts and suspicious betting, alongside tennis. The KSA's action against these betting options also occurs amidst ongoing political scrutiny of the Dutch online gaming market. This market has seen substantial growth since its re-regulation under the KOA Act in October 2024, although the regulator itself notes a stagnation in its development. Political concerns regarding betting, its societal impact, and its visibility led to significant advertising restrictions being introduced in 2024, including a ban on sports sponsorship. In March of this year, opposition parties escalated these concerns by calling for a complete prohibition on gambling advertising. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Gibraltar MP urges nations to avoid falling behind in the prediction markets sector
(AsiaGameHub) - Gibraltar is acting swiftly to establish itself as a leader in technology, making prediction markets and tokenisation core parts of its regulatory approach. In remarks made before his journey to Consensus Miami, Justice, Trade and Industry Minister Nigel Feetham clarified the strategy: move early or face the possibility of falling behind. His statements highlight a focused effort to grow Gibraltar's current digital assets and gaming landscape into related areas, stating the intention to 'lead from the front'. Gibraltar’s jump into predictions The jurisdiction has already started issuing licences to prediction market operators, demonstrating a readiness to act more rapidly than larger regulators who are still evaluating how to categorise and oversee this sector. Nations such as the UK, France, and the Netherlands have all indicated that prediction markets would require gambling licences – a step most firms are reluctant to take as it would label them as gambling businesses. Feetham presented the quick licensing of the widely talked-about ADI Predictstreet in Gibraltar as a competitive edge rather than a regulatory danger, noting that more applications are already underway. He also cited US President Donald Trump, whose government has been considerably more receptive to prediction markets than that of his predecessor, Joe Biden. The Commodity Futures Trading Commission (CFTC) shifted from strong opposition under Biden to initial neutrality and then full support under Trump. “President Trump is right. In a fast-moving global market, countries that stand still risk being left behind,” said Feetham. “That is why Gibraltar is moving at pace across key digital sectors including AI, digital assets, and prediction markets, supporting innovation and expanding the ecosystem we have already built. “We have chosen to act early on the licensing of prediction markets because Gibraltar is not only ensuring it is not left behind, we intend to lead from the front. “We are already seeing strong interest following the recent licensing of an operator and expect to progress a number of new applications.” Nigel Feetham. Credit: LinkedIn Gibraltar keeps eye on emerging tech Tokenisation is the next focus. Draft laws are finished and should be released soon, fulfilling pledges made earlier this year. The goal is to build a clear framework enabling tokenised assets to evolve within a regulated setting, similar to Gibraltar's prior strategy for digital assets. This regulatory drive coincides with prediction markets gaining global momentum, especially around major sports events. As noted, FIFA has entered this arena via a new partnership with ADI Predictstreet. Nevertheless, initial limitations persist. Since ADI Predictstreet is presently licensed only in Gibraltar, its ability to access other regulated markets is restricted. Feetham may well be urging other jurisdictions to emulate Gibraltar, as with a single licence, ADI Predictstreet can only serve Gibraltar's approximately 40,000 residents. Indeed, prediction markets are increasingly featuring next to traditional sports betting and media deals, as shown by recent agreements like Polymarket's partnership with LaLiga's US business arm. However, numerous ethical concerns have been raised – from insider trading and the morality of geopolitical markets, to the argument over whether predictions constitute gambling or a financial service. These concerns were voiced again just this morning, with a gambling addiction expert demanding prediction market regulation in Ireland. Opportunities in prediction markets are evident, driving Gibraltar's speedy action, but hasty regulation could trigger various problems soon, which may be discouraging other European countries from acting. The controversies surrounding Kalshi and Polymarket serve as clear examples of the potential risks. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Rivalry’s leadership team makes major resignations including c-level and co founders
(AsiaGameHub) - Three of the four original founders of the Canadian esports company Rivalry have stepped down, with all three also serving in C-level roles. These departures occur during a period of considerable difficulty for Rivalry. The company suspended its operations in February as a broader initiative to cut expenses, which involved halting all player activity, implementing employee layoffs, and evaluating potential asset sales. Rivalry’s director exodus Rivalry, a business listed on the Toronto Stock Exchange (TSX), reported on Friday that five senior executives in total have resigned from its board of directors. Those departing include Ryan White, Kevin Wimer, Steven Isenberg and Demi Abidogun-Benson. White and Wimer established Rivalry in 2016 together with Chief Executive Officer Steven Salz. They served as Chief Technology Officer and Chief Operating Officer, respectively. Steven Salz, CEO of Rivalry – Source: Rivalry Steven Isenberg is the third and final co-founder to depart the company. According to Rivalry’s website, he sits on the local advisory committee for the TSX Venture Exchange (TSXV). He also founded Urbanfund Corp, a real estate firm focused on Toronto that is listed on the TSXV, and was the founder and CEO of M Partners, an investment bank established in 2005. In 2023, Research Capital Corporation, another TSX-listed company, acquired M Partners. During its eight-year existence, the bank employed Rivalry co-founder and CEO Salz as an Equity Research Analyst from 2014 to 2016. The remaining two individuals who resigned were not among the company's 2016 founders. Abidogun-Benson has left her positions on the board and as interim Chief Financial Officer. She originally joined the firm in 2022 as a Senior Manager for corporate reporting, planning, and analysis, later advancing to Head of Finance in August 2024. The last director to resign was Stephen Rigby, the previous President and CEO of the Ontario Lottery and Gaming Corporation (OLG). From 2010 to 2015, he acted as National Security Advisor to former Canadian Prime Minister Stephen Harper. Rivalry’s struggle continues Rivalry has historically targeted Gen Z and millennial customers since it began, supported by product design, marketing, and content that leverages internet humor and culture. The company holds licenses in Ontario and Australia, but also operates in several international grey markets using an Isle of Man license. It introduced the casino.exe platform in March 2023, and iGaming has subsequently made up approximately half of its betting volume in quarterly reports. Its move into digital currencies happened even though cryptocurrency gambling is not permitted in Canada or Australia, its two licensed jurisdictions. The company continues to be referred to as a 'crypto casino' in Google search results, although its website has been offline since operations were paused in February. Rivalry started facing challenges on the TSX in 2025 when it was late filing its full-year 2024 financial statement. In April, it sought a management cease trade order from the Ontario Securities Commission (OSC). The subsequent months involved significant cost-cutting measures, including a strategic review and the engagement of New York advisory firm XST Capital Group. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
US Soldier Accused of Betting on Classified Information on Polymarket
(AsiaGameHub) - Following a Polymarket case connected to Nicolas Maduro that led to criminal charges against a U.S. Army Special Forces soldier, federal and state officials are tightening restrictions on prediction market trading by public employees. Good to Know DOJ reports Gannon Ken Van Dyke earned roughly $400,000 from trading on Polymarket. The trades were linked to the January capture of Nicolas Maduro. New York now prohibits state employees from using confidential information in event contracts. The Maduro Case Becomes a Test for Prediction Market Rules New York Governor Kathy Hochul was the first to act on regulations for public employees this week, signing an executive order that bans state workers from using confidential information to trade event contracts. The White House had already warned its own staff against similar conduct on prediction market platforms. Hochul said: “Profiting from bets using insider information is straightforward corruption, no question. Our actions will guarantee that public servants work for the people they represent, not for their own personal financial gain.” The federal case that has given this debate real urgency centers on Gannon Ken Van Dyke. According to ABC News, DOJ alleges the special forces soldier placed more than $33,000 worth of Polymarket trades ahead of the removal of Venezuelan leader Nicolas Maduro. Prosecutors state he later profited roughly $400,000 from the trades.Maduro and his wife were extracted by U.S. forces in January. Shortly after the operation, traders and outside observers raised concerns about insider trading surrounding Polymarket contracts tied to the event. DOJ alleges Van Dyke had access to nonpublic government information and used it to earn personal profit. The indictment includes multiple federal charges, such as unlawful use of confidential information for personal gain, theft of nonpublic government information, commodities fraud, and wire fraud. Authorities also say Van Dyke attempted to delete his Polymarket account after concerns about the trades became public. The indictment stated: “Instead of safeguarding that information as he was required to do, Van Dyke chose to use that classified information to place trades on a prediction market platform for his own personal profit.“Van Dyke later tried to hide his illegal use of classified U.S. Government information by attempting to cover up the source of his illegal proceeds and disguise his connection to the accounts linked to the unlawful trades.” Polymarket has faced other allegations of misuse of insider information in recent months. Markets connected to Iranian Supreme Leader Ayatollah Ali Khamenei drew similar concerns. In December, one user correctly predicted 22 out of 23 Google search-related markets on Polymarket and collected more than $1 million in a single day. Congress has also joined the debate. Rep. Ritchie Torres introduced a bill in January that would ban federal employees from using prediction markets, adding another layer to the growing dispute over event contracts, public officials, and confidential information. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Parallel TCG Mobile Launch Arrives Following Five-Year Development
the Apple App Store and Google Play Store, Parallel TCG is now live, providing Parallel Studios with a broader pathway to reach players following years of PC testing, card set releases, and esports investments. (AsiaGameHub) - Good to Know Parallel collectibles have amassed $125 million in secondary market trading volume. Parallel Studios secured an additional $35 million in funding in March 2024. The Parallel League Championship has featured prize pools of $250,000, $1 million, and $2 million. Parallel’s Mobile Launch Opens Up A Broader Testing Ground Parallel makes its mobile debut with a distinct profile compared to many older Web3 gaming projects. Instead of forcing every player into crypto features, the game uses NFTs as an optional layer. Players can leverage these assets to boost PRIME earnings, but the core trading card game remains free-to-play and cross-platform. This setup gives Parallel Studios a stronger chance to connect with card game players who prioritize gameplay over tokens. The project started during the NFT boom but has since shifted its focus more heavily toward competitive TCG design, esports, and regular card expansions. The long development journey began with a closed beta in July 2023. Planetfall, the first expansion set, arrived in October. Parallel then entered open beta in February 2024 after introducing a free-to-play model on PC. A month later, the studio secured $35 million in fresh funding.Market conditions didn’t make the path easy. PRIME once hit $28 but later dropped by more than 98%. Even so, Parallel Studios continued adding content: the game launched on the Epic Games Store, followed by Aftermath, an expansion with 90 new cards. In 2025, Deception launched and adjusted the economy for older cards by cutting the supply of earlier sets by 90%. Parallel Studios also tested Android access in the Philippines to refine the mobile experience before rolling out the game globally. Esports is now a central part of the studio’s plan. The first Parallel League Championship took place at HyperX Arena in Las Vegas with a $250,000 prize pool. Later seasons raised the stakes to $1 million and $2 million. With iOS and Android access now available, Parallel TCG can test whether a polished free-to-play card game with optional NFT utility can draw a wider audience beyond the Web3 gaming community. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
GameFi Crash Renders 93% of Projects Inactive
(AsiaGameHub) - Web3 gaming has seen a value drop of roughly $15 billion as investor interest wanes for token-based games, NFT initiatives, and GameFi frameworks that prioritize speculation over actual player needs. Good to Know Caladan reports that 93% of GameFi projects are no longer active. GameFi token prices have plummeted by approximately 95% since their 2022 peak. Over 300 blockchain gaming ventures have shut down. Token Hype Outpaced The Actual Games The Web3 gaming slump is currently impacting both funding flows and player counts. Per a Caladan report, the majority of GameFi projects are inactive now, and crypto gaming token prices have dropped significantly from their 2022 highs. The issue began with premature funding. Numerous blockchain games secured substantial funds via NFTs and digital tokens before completing their products. Pixelmon stands out as a stark example: it raised $70 million in 2022 without launching any significant playable content. This model functioned only as long as new buyers continued to join. When investor interest tapered off, token prices declined, players departed, and many projects lacked meaningful gameplay to retain users. Axie Infinity illustrates the extent of this drop: its daily active users fell from roughly 2.7 million to around 5,500.Crypto games also had a limited audience. Coda Labs discovered that just 12% of gamers have ever tried crypto-focused games. This resulted in the Web3 gaming industry having far more capital than actual demand. Funding trends shifted rapidly. In 2022, gaming accounted for 62.5% of all Web3 venture capital. By 2025, that proportion is projected to drop to single digits. Animoca Brands and other key investors have cut back on gaming investments and are now prioritizing sectors like stablecoins and AI. Development timelines further exacerbated the problem. Sophisticated games can take three to five years to develop, but many GameFi tokens lost their value well before the games were completed. As token prices crashed, communities eroded, funding dried up, and over 300 blockchain gaming projects closed their doors. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Study Connects Polymarket Accuracy to Skilled Minority
(AsiaGameHub) - A recent SSRN working paper indicates that Polymarket’s predictive accuracy stems less from collective crowd wisdom and more from a small group of traders with a distinct advantage. Researchers also flagged 1,950 accounts whose trading patterns may suggest the use of non-public information. Good to Know The study examined 1.72 million Polymarket accounts. Only 3.14% were classified as skilled winners. Flagged accounts earned an average of about $15,000 each. Insider Trading Concerns Are at the Core The paper, “Prediction Market Accuracy: Crowd Wisdom or Informed Minority?” was published on April 20, 2026, and revised on April 25. It was co-authored by Roberto Gomez-Cram, Yunhan Guo, and Howard Kung of London Business School, along with Theis Ingerslev Jensen of Yale University. One segment of the research focused on potential insider trading. The authors identified 1,950 accounts with timing and conviction patterns that hinted at possible use of non-public information. These accounts also had significant price impacts when they traded. One case involved three accounts that bought contracts tied to Venezuelan President Nicolas Maduro hours before a secret U.S S. military operation on January 3, 2026. Together, they made more than $630,000 in profits.This finding alters the framing of the Polymarket accuracy debate. Prediction markets like Polymarket and Kalshi often present their price accuracy as a result of many participants pooling their views. The paper argues that the useful forecast signal came from a much smaller informed minority. The authors reached this conclusion after analyzing Polymarket’s full transaction history, including 98,906 events, 210,322 markets, and $13.76 billion in total trading volume. They used a sign-randomization test to separate real skill from luck. Only 3.14% of accounts qualified as skilled winners. These traders averaged 79 markets each, maintained profits outside the initial sample, and typically traded in the direction of final results. The other 96% either lost money or broke even due to chance. Order flow data clearly showed this gap. A one percentage point increase in skilled net buying correlated with an 8 basis point rise in the probability of the correct final outcome. Lucky winners had positive balances, but their trades did not provide useful predictions of prices or outcomes.Polymarket also grew rapidly during the study period. Monthly volume rose from $3.3 million in December 2023 to $1.98 billion in December 2025. Active accounts increased from about 1,600 to more than 519,000. Even so, skill remained highly concentrated. The researchers found that skill was also persistent. In a random split test, 44% of traders labeled skilled in training data retained that label in test data. Unskilled losers stayed unskilled 51% of the time. Skilled mutual funds kept their label only 10% of the time in a parallel test. Scheduled news tests produced the same result. Around FOMC announcements and corporate earnings releases, only skilled traders adjusted their order imbalance in the direction of the news surprise. Other account groups showed no consistent reaction. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Cambodia Issues 91 Casino Closures Addressing Online Scam Campaign
(AsiaGameHub) - As part of a crackdown on online scam networks, illegal gambling, and foreign-linked fraud operations, Cambodia has mandated the closure of 91 casinos. Key Points Cambodia reports over 250 suspected scam centers have been raided in the last nine months. Authorities have documented 13,039 deportations related to scam activities, involving individuals from 33 different nationalities. A new law targeting online scams took effect on April 6, introducing penalties that can extend to life imprisonment in cases resulting in death. Cambodia's Casino Closures Part of Broader Cybercrime Offensive The Cambodian government has intensified its campaign against online scams by ordering the closure of 91 casinos accused of participating in fraudulent activities. According to a government statement reported by the Chinese news agency Xinhua, authorities have conducted raids on more than 250 suspected scam centers over the past nine months. Officials also indicated that 241,888 individuals voluntarily departed Cambodia between mid-January and April 19 as enforcement measures were heightened. China has also urged Cambodia to take action. Chinese Foreign Minister Wang Yi met with Prime Minister Hun Manet in Phnom Penh on April 22, advocating for more robust measures against cross-border gambling and online fraud, which Beijing has identified as a threat to public safety.Cambodia states that the casino closures are a component of a larger strategy to dismantle scam compounds, illicit online platforms, and criminal networks connected to foreign operators. The government also aims to enhance Cambodia's international reputation and strengthen domestic public order. Legal frameworks have also been updated. Cambodia enacted a new anti-online scam law on April 6. Under this legislation, operators can face life imprisonment if scam activities lead to death, while organizers and other participants are subject to lengthy prison sentences. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Brazil Bans Prediction Markets, Anatel Blocks 28 Platforms
(AsiaGameHub) - Brazil has officially declared prediction markets unlawful, closing off access for operators like Polymarket in Latin America’s largest market. The announcement followed the National Monetary Council’s approval of a resolution that restricts which products qualify as derivatives. Good to Know Brazil stated that prediction markets cannot operate under derivatives regulations. Anatel has already blocked 28 platforms offering event contracts. The government notes that Law 14.790 only covers fixed odds betting and online games. Brazil Affirms Event Contracts Lie Outside Legal Betting Guidelines Brazilian Finance Minister Dario Durigan and Miriam Belchior, Chief of Staff for the Presidency, announced the decision on Friday. The National Monetary Council’s resolution specifies that sports events, virtual gaming events, political outcomes, elections, social events, cultural activities, entertainment events, and similar results cannot serve as underlying assets for derivatives contracts. This decision prevents prediction market operators from using financial market terminology to offer event contracts in Brazil. Instead, officials say these products resemble betting but fall outside the legal framework established for fixed odds betting and online gaming. Belchior said:“Now, we are announcing that prediction markets will not be allowed in Brazil. We do not want to expose Brazilians to risks and financial losses.” Enforcement actions have already begun. Anatel, Brazil’s national telecommunications agency, has blocked 28 prediction market platforms and plans to block new operators attempting to enter the country. Durigan noted that the same approach used against illegal betting sites will apply here. Since the regulated online gambling market launched in January 2025, Brazil has blocked 39,000 unlicensed betting sites. He said the goal is to stop all illegal betting offerings, including products based on weather, politics, or other real-world events. He said:“The product offered by these platforms is not eligible for regulation. The blocking action is due to non-compliance with the legislation. This market is not provided for in the legislation, and it will not be permitted for anyone to bet on whether it will rain tomorrow or not.” Regis Dudena, Secretary of Economic Reforms, explained that Brazil’s betting rules were designed to organize a specific activity, not every type of event wager. He added that betting outside sports and online games remains prohibited. Daniele Correa Cardoso, Secretary of Prizes and Betting, stated that authorized fixed odds betting platforms must follow existing public service rules. She added that prediction markets entered Brazil as bets disguised as derivatives, a model the government has not recognized. This decision adds another layer to Brazil’s betting regulation following the 2025 launch of the legal online market. It also gives regulators a clearer basis to act against event contract platforms before they build scale among Brazilian users. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Boyd Gaming Posts Slight Q1 Revenue Gain Amid Southern Nevada Weakness
(AsiaGameHub) - Boyd Gaming recorded a modest increase in revenue for the first quarter of 2026, overcoming headwinds from a softer Southern Nevada market and ongoing casino renovations. Revenue climbed to $997.4 million from $991.6 million in the prior-year period. Good to Know Boyd Gaming's Q1 revenue increased marginally to $997.4 million. Net income dropped to $105.5 million, and adjusted EBITDAR decreased to $317.4 million. Performance in Southern Nevada was impacted by reduced visitor demand and renovation activity at Suncoast. Midwest Growth Helps Balance Las Vegas Pressure Boyd Gaming experienced mixed performance across its properties during the quarter. Net income was $105.5 million, or $1.37 per share, versus $111.4 million, or $1.31 per share, in Q1 2025. Adjusted earnings decreased 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. CEO Keith Smith stated: “Our first-quarter performance demonstrates the advantages of our diversified operations, our effective drive for operational efficiency, and our continuing capital investment strategy.”The company achieved higher property-level revenue and adjusted EBITDAR, maintaining margins exceeding 39%. Smith highlighted more robust play from core and retail customers, particularly in the Midwest and South regions. This segment gained from recent capital expenditures, increased customer engagement, and a more favorable comparison to weather-related disruptions a year ago. The online segment contributed positively to the quarter's results. Boyd noted that iGaming activities and third-party market access deals fueled digital expansion, continuing patterns observed in the latter half of 2025. Managed and Other revenue also saw an uptick due to increased management fees from the Sky River Casino in Northern California. The situation in Southern Nevada contrasted with other regions. CFO Josh Hirsberg reported that the Las Vegas locals market declined by approximately $6.5 million compared to the previous year. Smith attributed this challenge to a drop in tourist visitation, with The Orleans property experiencing the most significant effect. Renovations at the Suncoast created additional pressure. Construction moved into higher-traffic areas of the casino floor during the quarter, and the company anticipates the disruptions will persist until the project concludes late in the third quarter.Despite these challenges, Boyd continued to invest in its portfolio. The firm launched the Cadence Crossing Casino in Henderson on March 25, marking its first new build in over two decades. Smith reported that early customer feedback has been very positive. Further developments are in the pipeline. Boyd is working on a $750 million resort project in Virginia and has secured regulatory clearance for an expansion and upgrade of Par-A-Dice in Illinois, where construction is slated to begin next year. In Southern Nevada, Boyd is revamping the Suncoast casino floor and enhancing its dining and communal areas. A guest room renovation at The Orleans is scheduled for completion later in 2026, with a similar project at Suncoast to follow in the summer. The company also intends to commence a broader modernization of The Orleans in 2027. During the quarter, Boyd introduced new dining options at Gold Coast, with additional upgrades planned for Fremont, Aliante, and Sam’s Town. The company also underscored the long-term vitality of the Southern Nevada market, where the population grew steadily over the last ten years to reach 2.4 million in the previous year. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.



















