(AsiaGameHub) –   A recent report indicates that New York’s three full casino licensees have the potential to achieve annual gaming revenues as high as $5.6 billion.  Final approval for the three new licenses was granted by the New York State Gaming Commission in December. Following a competitive selection process, the sought-after licenses were awarded […]

(AsiaGameHub) –   Authorities in South Korea report that illicit money exchange operations are focusing on Chinese gamblers within the island province of Jeju. The region, a major destination for Chinese travelers, features eight casinos restricted to foreign nationals. Law enforcement officials note a spike in local crime, attributing the trend to an increase in […]

(AsiaGameHub) –   Gaming manufacturer International Game Technology (IGT) is cutting 700 positions worldwide, which accounts for approximately 10 percent of its total staff. CEO Hector Fernandez issued a memo to staff on Monday regarding the workforce reductions. Fernandez has been assessing the company’s personnel requirements since he stepped into his role last December. “We […]

(AsiaGameHub) –   Medical professionals in Indonesia report a sharp increase in inpatients suffering from gambling addictions, with several hospitals struggling to manage the rising patient count. The Indonesian media outlet Jatim Times reports that the surge in patient numbers is driving a steep rise in hospital bed occupancy rates. Officials note that during certain […]

(AsiaGameHub) –   DraftKings, FanDuel, Genius Sports, and the National Football League are facing a product liability lawsuit filed by the Public Health Advocacy Institute (PHAI), which claims the firms collaborated to develop and profit from an “unreasonably dangerous” online gambling product built to fuel addiction. The 81-page legal filing was submitted on March 24 […]

(AsiaGameHub) –   Sens. John Curtis (R-UT) and Adam Schiff (D-CA) unveiled bipartisan legislation on March 23 that would prohibit prediction markets overseen by the Commodity Futures Trading Commission (CFTC) from offering contracts tied to sports events and casino-style activities. This proposed bill joins a growing roster of legislative efforts aimed at curbing prediction markets […]

(AsiaGameHub) –   The PGA Tour schedule rolls on this week with the Texas Children’s Houston Open, and Scottie Scheffler enters the event as the primary betting favorite. Matt Fitzpatrick is coming off his third career PGA Tour title at last week’s Valspar Championship, while Min Woo Lee returns as the defending champion of the […]

(AsiaGameHub) –   Codere, Spain’s second-largest gambling company after Cirsa, is being offered for sale with a valuation of approximately €2 billion ($2.3 billion).  According to a report from Spanish news outlet Expansión, the company has engaged US firm Jefferies and Australia-based Macquarie Capital as financial advisors to oversee the sale process.  Sale To Complete […]