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Wynn Resorts has released its second-quarter earnings, with operating revenues increasing despite a decrease in net income.
The brand reported operating revenues of $1.74 billion which marks an increase of $4.9 million from $1.73 billion for the second quarter of 2024. Net income, however, was $66.2 million this time around compared to $111.9 million last year.
“Our second quarter results...
The Brazilian Institute for Responsible Gaming (IBJR) has added a new operator, A2FBR, to its membership as it aims to strengthen its strategic presence.
With this new addition, the IBJR now has 15 operators under its belt with the institution bringing together betting companies to build an ethical and responsible online betting ecosystem.
Now, A2FBR has entered as a member and it’ll actively...
Gen Z is the group that was raised on social media and smartphones, with online sports betting and gambling being just another thing that they’re used to.
Unlike their parents, for whom sports betting was something they did exclusively in Vegas casinos or through an office pool, it’s just another feature of the internet world for this generation.
While it may not be out of the ordinary for these...
The explosive growth of sports betting is starting to clash with the world of professional sports, and not always in a good way. As the sports industry pulls in billions and becomes a regular part of how people watch games, more and more athletes are getting caught up in gambling-related trouble.
Take Major League Baseball, for example. Recently, the league placed Guardians closer Emmanuel Clase...
A Brazilian Senator has proposed new legislation that could increase the minimum betting age and impose a spending cap.
Senator Humberto Costa has commented on multiple occasions that there should be stricter legislation in place to safeguard South American gamblers. His most recent release, the proposition of Bill No. 3754/25, is an aim to bring new tools to regulators in the nation.
Brazilian...
Federal lawmakers have accused a Hollywood stuntwoman-turned-attorney of breaching her parole to bet thousands of dollars on slot machines.
Vanessa Motta has been under investigation for staging vehicle crashes to cash in on insurance claims and has been under the strict stipulation that she respects the boundaries of a parole order.
BREAKING:
@EDLAnews wants Vanessa Motta jailed until her...
Former Detroit Pistons guard Malik Beasley has been evicted from his penthouse apartment for failing to pay rent, according to reports from the Windy City.
Beasley is also under a federal investigation that revolves around prop and NBA bets on games he was involved with. This is a direct contradiction of NBA rules for active players, and he has, as a consequence of the rumoured betting breaches,...
The Commodity Futures Trading Commission (CFTC) has shown leniency in a recent letter regarding predictions or officially termed “events” markets.
The move signals an opening for the prediction/event marketplace, made famous by the likes of Polymarket and Kalshi, a growing frontier of gambling which could contribute trillions to the American economy.
CFTC letter marks easing of restrictions on...
Welcome to the very first edition of Prediction Pulse, your weekly dive into what people are betting on, and the big numbers driving those wagers.
Why start this now, you ask? Well, unless you’ve been living under a rock, you’ve probably noticed that prediction markets like Kalshi and Polymarket are quietly reshaping the way we track public opinion. In fact, they’ve been stealing the spotlight...
A 37-year-old man from Widnes, in England, has been jailed for eight months after “seriously assaulting a staff worker and damaging several slot machines” at a casino.
The sentencing took place at the beginning of the month, on August 1, with the man found guilty of criminal damage, inflicting grievous bodily harm and the possession of a bladed article in public. There was a four-day trial at...