Issue: March 21, 2025

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Galaxy Considers Multi-Billion-Dollar Casino in Bangkok

By Robert Fletcher   Fri, Mar 21, 2025

Galaxy Entertainment Group is weighing up a multi-billion-dollar investment to open a new casino and entertainment complex in Bangkok, Thailand, a senior officer has revealed.

According to the Bangkok Post, Kevin Clayton, chief brand officer at Galaxy Resorts Thailand said there is interest from Galaxy. He pointed to steady post-pandemic tourism gains in the country as one of the reasons for the potential project.

Clayton also referenced several government initiatives that could drive further growth in the country, including potentially hosting a Formula 1 grand prix. It is hoped that such efforts could push foreign arrivals from 36 million to 50 million.

“To generate this level of growth the country needs a sizeable level of investment in key attractions to attract both frequent travelers and first-time visitors,” Clayton said. “We’re interested in Bangkok, which deserves a truly iconic complex.”

Appetite for Casino Gambling in Bangkok

Headquartered in Macau, Galaxy also owns several casinos in the Chinese gambling haven. It could now seek to extend its reach in the wider Asian market by opening a new property in Bangkok.

Clayton said while only 15% of people visiting Thailand stay more than two nights, this could be increased with the opening of a new casino complex. He added that current statistics suggest such a move would also be welcomed by locals, with demand for gambling high.

“The propensity for gambling in Thailand is relatively high,” he said. “Around 99% of people are acquainted with someone who gambles. Also, 60% participated in gambling themselves and 30% engaged in online gambling. This is despite it being unregulated and illegal.

On this latter point, he said allowing regulated gambling would be safer and offer more protection to those who participate. Clayton added Galaxy wants to form a collective force to manage an intervention and education program.

“The entertainment complex industry is heavily regulated,” he said. “You probably won’t find a more regulated environment than this, whether in terms of customer acquisition, responsible gambling, or anti-money laundering.”

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Crown Perth Extends Support of Western Australia AFL Teams

By Robert Fletcher   Fri, Mar 21, 2025

Crown Perth has agreed to continue its partnerships with the Fremantle Dockers and West Coast Eagles, two Australian Rules Football (AFL) teams that are based in Western Australia.

The operator did not disclose the length of the new deals, which were announced earlier today (March 21). However, Crown Perth did say the double AFL partnership reflects its commitment to working with local communities.

The casino added that the partnerships with the Dockers and Eagles will help to support tourism and sporting events in Western Australia. Crown Resorts’ Perth land-based casino is located in the south-west of the state.

“Crown is a significant contributor to the local and national tourism industry,” Crown Perth Interim CEO Brian Pereira said. “We are driving opportunities in sport, entertainment and tourism in every state we operate in.

“Supporting both teams through our partnership reflects the focus Crown places on being a part of the community we operate in. There’s nothing more West Australian than the Fremantle Dockers and the West Coast Eagles.”

Crown Perth to Improve Fan Experience

Both the Eagles and Dockers have also praised the extended partnerships. Dockers CEO Simon Garlick said the deal forms an important part of the club’s strategy.

“This collaboration allows us to enhance the experience for our loyal supporters while also attracting new fans to the Fremantle family,” Garlick said. “Crown Perth’s commitment to creating elevated experiences aligns perfectly with our goal of providing unforgettable moments for our members and supporters, both on and off the field.”

Eagles CEO Don Pyke made similar comments on the extension. He said working with Crown Perth will help deliver improved experiences for fans in Western Australia.

“Connecting and engaging with our members and fans is at the forefront of everything we do,” Pyke said. “Our long-standing partnership with Crown enables our club to strengthen that sense of belonging.”

“We are delighted to continue offering exciting experiences and creating lifelong memories in conjunction with Crown as we head into our 39th AFL season together.”

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Robinhood Back in the Prediction-Market Game

By Jess Marquez   Thu, Mar 20, 2025

One month after the Super Bowl, prediction markets are back in full force for March Madness, and a renewed partnership between Robinhood and Kalshi is the latest example.

Kalshi and Robinhood have partnered again to offer sports contracts, this time ahead of the NCAA men’s and women’s basketball tournaments, per iGB.

The renewed partnership was announced by both sides on March 17. Robinhood will launch a standalone prediction market hub in its app, made possible through Kalshi. According to Front Office Sports, Robinhood had just under 25 million users as of last November.

The first markets were on the NCAA men’s and women’s basketball tournaments, which began on March 18 and March 19, respectively. There will also be contracts listed for whether the Federal Reserve will change the federal funds rate at its May meeting.

Last month, the exchanges partnered to offer Super Bowl contracts, but Robinhood quickly backed out following pushback from the Commodity Futures Trading Commission (CFTC). Kalshi and Crypto.com, another entrant into the prediction space, kept their Super Bowl contracts active before and during the game. In light of that, it would appear that Robinhood is ready for a renewed push.

“We have been in close contact with the CFTC over the past several weeks and look forward to continuing to work with them to promote innovation in the futures, derivatives and crypto markets,” the company said in a statement. “These contracts will start rolling out today and will be available to all eligible customers in the coming days.”

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WEEKLY FEATURE: LVS Removes Casino from Texas Proposal Amid Pushback

By Jess Marquez   Thu, Mar 20, 2025

After securing initial zoning approval, Las Vegas Sands has opted to remove a casino from a mixed-use development on the site of the former Texas Stadium, citing legislative hangups and local opposition.

In a 5-4 vote, the Irving Zoning Commission March 18 approved zoning changes for a 1,001-acre site that could eventually become a mixed-use development from the Las Vegas Sands Corporation (LVS) centred around a casino resort.

The vote came at 2.30 a.m. local time after several hours of discussion, per WFAA. Two approvals were granted – one to change the overall site to a high-intensity mixed-use development and another to switch two specific tracts within the development from transit-oriented mixed-use community to high-intensity mixed-use.

However, on March 20, the company reversed course and requested to the Irving City Council that the casino gaming portion of the development be removed from the proposal. The company cited growing pushback from local residents, who came out in full force at the zoning meeting, as well as the unlikelihood of casinos being legalized in the state.

“At this time, given the current status of gaming expansion legislation in the state and certainly some of the concerns that are being spoken in our several meetings here, Sands has asked the Irving City Council to remove the destination resort and gaming component from the proposal initially sent to you and instead consider approval of the balance of the uses in the rezoning entitlement,” Mark Boekenheide, LVS senior vice president of global real estate development, told the city council, per WFAA.

As of now, it seems all but certain that 2025 will be another failed gambling expansion campaign for Texas. According to the Texas Tribune, several pro-gambling legislators were replaced with opponents this year. Three more who did support expansion last session have flipped.

The group of legislators penned a letter to representative Ken King, who chairs the house state affairs committee, telling him that any gambling expansion was “dead on arrival.” In Texas the legislature meets only in odd years, meaning that casino hopes are likely sidelined until 2027.

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U.S. IN FOCUS

By Jess Marquez   Thu, Mar 20, 2025

A’s seek financing help for stadium, Petersburg casino breaks ground, Bally’s plans IPO for Bronx casino proposal and more.

A’s Looking for $550 Million Investment for LV Ballpark

The soon-to-be Las Vegas A’s are looking to secure up to $550 million from investors to help finance the construction of the team’s new $1.75 billion ballpark on the Strip, according to a March 18 report from the Las Vegas Review-Journal.

Per anonymous sources, the team is already vetting prospective investors, and there has been a lot of initial interest. Investors will be granted a stake in the organization, which has been valued at $2 billion. No suitors have been disclosed but the team has said previously that it would like to garner local investment.

According to the Review-Journal, if the team secures the financing, the breakdown for stadium spending would be as follows: $350 million in public funds, $550 million in outside investment, $300 million in construction loans and at least $550 million contribution from the Fisher family, which controls the team.

 

Live! Casino Petersburg Breaks Ground

The Cordish Companies and Bruce Smith Enterprise broke ground March 19 on their Live! Casino project in Petersburg, Virginia. Approved by local voters in November, the casino is expected to feature 1,600 slots, 46 tables, a sportsbook, poker room, a 200-room hotel, 3,000-seat venue and more.

In total, the project is slated to cost $1.4 billion and is expected to open sometime in 2027. In the meantime, a temporary facility with 900 slots and 33 tables is expected to open by the end of this year.

“It has been a source of immense satisfaction and pride to partner in this incredible development,” Bruce Smith said in a statement. “For far too long people have simply driven by the City of Petersburg, but today marks the beginning of a new era in which Petersburg will become a prime destination. This pivotal project will ignite tourism, create jobs, and ultimately deliver on the promise of greater opportunity and upward mobility for local families.  As a champion of Petersburg and its residents, I am happily confident that this historic development will uplift, empower, and enrich this community for years to come.”

 

Report: Bally’s to Offer IPO for Bronx Casino

Shortly after the collapse of a minority-focused IPO for its Chicago casino project, Bally’s Chairman Soo Kim told the New York Post March 17 that the company is planning a similar offering for its New York casino proposal in the Bronx.

As of writing, the company has not made any SEC filings regarding the new scheme. But Kim told the Post that it could encompass up to 10 percent of the project’s equity, and prospective investors could invest as little as $250 “and get leverage from the Bally’s Foundation.”

All of this is contingent on the project receiving a casino license—Bally’s is one of 11 bidders for 3 available downstate licenses, which will be awarded by the end of the year.

 

Icahn Enterprises Adds Two to Caesars Board

Caesars Entertainment announced March 18 that it added two Icahn Enterprises executives—General Counsel Jesse Lynn and CFO Ted Papapostolou—to its board as independent directors, effective immediately.

Icahn founder Carl Icahn was the pivotal force behind Caesars’ merger with Eldorado Resorts in 2020, and he was said to have increased his stake in the company again last year after selling off post-merger. He said this time around, however, he had no intention of another takeover. But it does appear that Icahn could advocate for a spin-off of Caesars Digital.

“I have great respect for Tom Reeg and the senior management team and what they have accomplished since the merger in 2020,” Icahn said in a statement. “We look forward to working with Tom and the Board to maximize value for all shareholders, including by exploring strategic alternatives for the Company’s underappreciated digital business.”

 

Room Cleaning Bill Introduced in Nevada

The clash over mandatory room cleaning is likely to reignite between Nevada casinos and labor unions after SB360 was introduced March 17. If approved, the bill would reinstate daily room cleaning in Washoe and Clark County hotels with at least 200 rooms and those designated “resort hotels” under state law.

It would also allow for room inspections without the need for consent, “not less than every second consecutive day during a guest’s occupancy to ensure the safety of the guest and the public.”

The bill protects hotel workers from any potential retaliation that could come from the inspections. Daily room cleaning was mandated at the onset of the Covid pandemic but was then repealed in 2023. Unions, namely the Culinary Union, support the reinstatement of the mandate and have fought with operators to continue the practice.

 

Jacobs Looking to Increase Reno Investment by $200 Million

Jeff Jacobs, CEO of Jacobs Entertainment, has been perhaps the most bullish bettor on the future of downtown Reno, having already invested some $400 million to remodel the former Sands Regency casino and purchase a number of other properties nearby. Jacobs told Ray Hagar of Nevada Newsmakers last week that he is preparing to embark on $200 million worth of new investments for the area. His overall goal is reportedly $2 billion.

According to Newsmakers, these projects include a potential non-gaming hotel, more apartments and housing units, a festival grounds, an expansion of the company’s J Resort and more. He indicated more announcements would be coming in the weeks ahead.

“It’s sort of a 10-or-15 year overnight success story, you know?” Jacobs said. “We’re somewhere between what it was and what it will be. That is the best way to describe it. We just keep coming to work every day. We do little additions every year.”

 

Gaming Industry Led Nevada Lobbying in 2024 Cycle

The 2024 election cycle set a new record for political donations in Nevada, at $16.9 million, and the gaming industry was the top donor, per a March 17 report from the Nevada Independent. Gaming interests accounted for 13.1 percent of all major donations (those above $200), and it’s the first time since the 2018 cycle that the industry led all donors.

 

Legends Bay Names Ben Douglass as New GM

 Legends Bay Casino in Reno/Sparks, Nevada announced Ben Douglass as its new general manager. A fourth-generation Nevadan with deep roots in the Reno area, Douglass brings over 18 years of hospitality and gaming experience to the property, making him the perfect fit to lead Legends Bay Casino into its next chapter.

Douglass’ career spans leadership roles across the gaming industry, including overseeing operations at properties in Nevada, Oregon, Colorado and Indiana. Most recently, he served as general manager at KLA-MO-YA Casino, where he spearheaded innovative strategies to improve operations, guest satisfaction, and profitability.

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EUROPE IN FOCUS

By Nicole Macedo   Thu, Mar 20, 2025

KSA seeks tougher ad rules, IGSA tackles AI standard, U.K. officials veto football-gambling partnership ban, and more.

Dutch Regulator Calls for Tougher Ad Restrictions in Parliamentary Recommendations

On March 19 local industry stakeholders in the Netherlands presented to Dutch parliament their recommendations for the pending gambling act reform. During the session, the regulator proposed a widespread ban on gambling ads.

The full-day session saw presentations made by the regulator Kansspelautoriteit (KSA), monopoly operator Holland Casino, addiction specialists Verslavingskunde Nederland and various other trade bodies and operators.

An updated gambling act is expected to hit parliament by the end of the year. This follows a lengthy review of the current regulations, which came into effect in 2021.

KSA proposed a new model for gambling products based on their risk profile. In this case higher-risk products would face stricter advertising rules.

The regulator said in its recommendation the current rules around advertising were “fragmented and complicated,” as they were established in response to an influx of gambling ads once the market had already launched.

Meanwhile on tax, licensed operator Circus.nl said the upcoming tax increase to 37.8 percent of GGR would only serve to increase black market activity and urged the government to consider a flat tax rate of 29 percent for licensed operators.

 

International Gaming Standards Body Preparing AI Guidelines

The International Gaming Standards Association (IGSA) is developing an AI best practices framework to help gambling regulators understand the technology and its uses within the sector.

Speaking to iGB this week, IGSA President Mark Pace said AI was the group’s main technology focus currently. Founded in 1998, IGSA develops standards and best practices for suppliers, operators and regulators across a variety of topics.

IGSA is already in communication with several regulators about the use of AI and how best to approach the sector’s rapidly growing adoption of the technology from a regulatory perspective. So far it has shared eight best practices for AI use with these regulatory bodies and requested their input.

Pace told regulators they shouldn’t aim for a developer level of understanding it. “What you need to focus on are things like, ‘What data are you going to let the AI algorithms consume? What is the accuracy level of the data? Does the data already have an inherent bias in it?’

“I talk to regulators that tell me they have tried to understand how AI algorithms have been developed. They’re trying to do a deep dive into AI, and I tell them, ‘You’re wasting your time’,” Pace said.

 

Lords Veto Gambling Sponsorship Ban in Latest Football Governance Bill Debate

An amendment to ban gambling sponsorships and advertising in English football has been vetoed in the latest Lords debate on the U.K.’s pending Football Governance bill.

On March 17, the House of Lords voted against the amendment via a clear majority of 339 to 74. It was raised in the latest version of the Football Governance bill, which this week finished being debated in the chamber.

The bill, which was initially introduced via the House of Lords in October, aims to create an independent football regulator to oversee the sport and handle issues such as club licensing.

It passed the committee and report stages in early March, and the second iteration of the bill has been debated in the house over the last two weeks.

The clause seeking to ban all gambling sponsorships and advertising in the sport was put forward by Liberal Democrat politician Lord Addington in the latest round of amendments.

Next, the bill will move into the House of Commons for first and second readings before hitting the committee and report stages and a third reading. From there, final amendments will be considered, and it will face a final vote in the commons.

 

Kenny Alexander Has “No Plans” to Return to Gaming Sector

In an interview with BettingJobs at Cheltenham festival on March 13, former GVC Holdings (Entain) CEO Kenny Alexander said he would not return to the gaming sector after 24 years in various roles.

“I’ve been there, done that – spent a lot of time traveling, being in London and all the rest. So, I decided to retire early,” he told the recruitment and consulting agency.

“I’m leaving it to others to carry it on. That said, it’s a fantastic industry. I’d recommend it to anyone. I had an incredible time and don’t regret a thing, but it’s behind me now and I’m happy to let others take the reins.”

Alexander joined the sector in 2000, taking a job with Sportingbet via an ad he spotted in the Racing Post. In 2007 he took the helm at GVC Holdings. In 2016 and 2017 the group closed two multibillion-pound deals to acquire Bwin.Party and Ladbrokes Coral.

Kenny was revered as a leader in the sector throughout the mobile betting boom, helping to turn GVC into a FTSE 250 corporation and one of the leading European operators during his tenure. He retired from GVC in 2020.

Alexander also played a role in a HMRC investigation into Entain’s historical Turkish business. This led to the firm agreeing to pay a Deferred Prosecution Agreement of $736.1 million.

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SPORTS BETTING IN FOCUS

By Jill Dorson   Thu, Mar 20, 2025

Underdog exits New York, Levy calls out Penn, Baumgartner files federal college player-prop ban and more.

Underdog Fantasy Fined, Exits New York, For Now

The New York State Gaming Commission (NYSGC) has announced sanctions against Underdog, which it says has been operating unlawfully.

Underdog Fantasy has been offering interactive fantasy sports contests in New York since Dec. 22, 2022, on a temporary fantasy license held by Synkt, now owned by Underdog. The NYSGC on March 14 found Underdog never had a temporary license in the state and it therefore could not offer “certain types” of contests, writes iGB.

The commission fined Underdog $17.5 million. The number is “based on the amount of revenue Underdog’s popular games generated in New York,” per an Underdog email. Underdog stopped offering games in New York March 14.

In a settlement, the NYSGC wrote that Underdog “asserts that it [had] operated in New York since December 22, 2022 under a good-faith belief that it had the ability to do so lawfully.” Underdog, according to the settlement, does not “accept or admit” any wrongdoing.

The company will make 12 payments beginning April 1 through Jan. 1, 2028, to pay off the debt. In the settlement, the NYSGC wrote that it believed Underdog operated in good faith. The company is still eligible to apply for a permanent fantasy or other gambling license. Synkt must now file tax forms with the NYSGC and pay taxes. A failure to do so would be among what is considered if either company applies for a permanent license.

 

theScoreBet Founder Piles on as Penn Struggles

Ever since Penn Entertainment CEO Jay Snowden addressed the idea that his company or ESPN could exit their 10-year deal for ESPN Bet in 2026, the wagering world has been raining negatives about the partnership. Some analysts have downgraded Penn stock, and recently the founder of theScore and theScoreBet had his say.

John Levy, founder of what Snowden called a “very good story for us in Canada” on the digital betting side of the house, shared at a conference this month his not-so-warm-and-fuzzy thoughts about the transition after his company was acquired by Penn in 2021, according to a report from Awful Announcing.

“I just think you had to give more trust to the people who brought you to the party, which was us,” Levy said. “There was a bit of—we bought it and we’ll take it from here, thank you very much. When you’re as involved in the business as we always were and you can see where it was going, and when things you might have been doing were happening differently—it was very hard, very frustrating.”

Penn’s $2 billion acquisition included theScoreBet’s tech stack. That means Penn has its technology in-house, a key goal for many online gaming companies, as they can correct problems or make alterations more seamlessly and quickly.

Levy was still working with Penn and theScoreBet during Penn’s first foray into a digital betting platform in the U.S. That was the ill-fated partnership with Barstool Sports, which married a cutting edge, but somewhat raunchy brand, with a far more staid and conservative land-based casino company.

The partnership lasted just over three years. In February 2020, Penn bought a 36 percent stake in Barstool, and it completed the $551 million acquisition in February 2023. Penn sold Barstool Sports back to founder Dave Portnoy for $1 in August 2023. That was the same month Penn announced a $2 billion deal with ESPN to create ESPN Bet as its new sportsbook.

The Penn-Barstool relationship was fraught from the beginning, at least from a regulatory perspective. In particular, Penn struggled to sell the partnership to the Massachusetts Gaming Commission. Commissioners questioned how much control Penn would have over advertising and marketing. The commission had serious enough concerns about the Barstool Sports persona and how that fit with responsible gambling and consumer protections that it delayed issuing a wagering license.

All the while, Levy’s theScoreBet continued thriving under Penn’s ownership in Ontario, where digital betting went live in April 2022.

“Ontario is our number one market in North America in terms of revenues, gross profit and contribution margin today and we delivered another strong year of performance in 2024,” Snowden said during a recent earnings call. “We believe the strength in Canada will only grow once we launch in Alberta, pending all requisite approvals, given the affinity for and loyalty to theScore brand across the country.”

But Penn has struggled first with the Barstool Sports partnership and now with ESPN Bet to replicate that success.

 

Will Nebraksa be First in ‘25 to Add Digital Betting?

Ahead of the 2025 legislative season across the nation, there was much hope that some states would add online casino gaming and others would add digital sports betting. But within weeks, the legislatures in Virginia and Wyoming killed iGaming bills. The Minnesota lawmakers tabled a digital betting bill. And on March 6, crossover day came and went in Georgia with no movement on online wagering.

Enter Nebraska. Voters there had previously legalized in-person betting and casinos in November 2020. In June 2023, the first bets were taken at WarHorse Casino Lincoln, owned by the Winnebago Tribe. Now stakeholders want an expansion that would allow for six digital platforms tethered to land-based gaming facilities.

On March 17, the Senate General Affairs sent a digital wagering constitutional amendment to the floor. Nebraska has a unicameral – or single-chamber – legislature. Should the Senate pass LR 20CA, a referendum would go on the November 2026 ballot. The bill was “placed on general file” March 19, which means it could get its first debate and vote in the full Senate. The proposal must pass through three Senate votes to pass.

Digital betting bills are also moving in Hawaii and Mississippi. In Hawaii, a bill that would allow for four online platforms has been advancing despite heavy opposition from multiple government agencies and native Hawaiian groups. In Mississippi, House lawmakers inserted legal digital betting language into a Senate tidal plains bill.

The fate of all the bills is unclear. Nebraska lawmakers heard lots of opposition to their constitutional amendment and its enabling legislation, LB 421. The framework bill has not moved out of committee. But the legislature could pass the constitutional amendment this session and the enabling legislation in 2026 — or after the constitutional amendment passes, if it does.

Should the constitutional amendment pass out of the Senate, voters would select “for” or “against” the following:

A constitutional amendment to permit an authorised gaming operator conducting sports wagering within a licensed racetrack enclosure to allow a sports wager to be placed by an individual located within the State of Nebraska at the time the individual places the sports wager by means of a mobile or electronic platform.

How LR 20CA will fare on the Senate floor isn’t clear. According to the Kearney Hub, lawmakers advanced the measure as a defensive move. Some said they believe the industry would begin gathering signatures for its own ballot initiative if this one does not move.

“I’ve got a lot of heartburn about mobile sports betting,” Senator John Cavanaugh said. “But if we don’t do this, they will put it on the ballot. And it will be more expansive than this.”

 

University of Missouri Considers Betting Ban

As Missouri regulators work on crafting rules to launch legal digital sports betting in the fall, administrators at the University of Missouri are discussing the possibility of banning students, staff and faculty from placing bets on university teams, reported KOMU 8 March 13.

The idea isn’t new. In 2019, Saint Joseph’s University and Villanova, both in Pennsylvania, and Purdue instituted similar prohibitions. In all cases, those banned cannot bet on the school’s team, whether they are playing at home or away.

“It’s consistent with some policies put in place by other universities,” Missouri faculty council chair Tom Warhover told the TV station. “It’s been a point of discussion in NCAA meetings, in the faculty athletics representatives meetings.”

Missouri voters legalized retail and digital sports betting on the November 2024 ballot. The Missouri Gaming Commission says it will launch wagering by the mandated Dec. 1 deadline.

 

College Prop-Bet Ban Proposed in Congress

A third federal sports betting proposal was filed Feb. 25. This one is narrower than either the SAFE Bet Act or the GRIT Act. HR 1552, known as the PROTECT Act, would impose a federal ban on prop bets on college athletes.

Rep. Michael Baumgartner announced his bill via social media in a series of posts that detail that student-athletes suffer from harassment. He says sportsbooks should stop earning profits “off the backs” of student-athletes. In one of the posts, Baumgartner wrote:

“The rise of player prop bets and match fixing.

> Threatens game integrity and student-athlete experience.

> Blurs the lines between amateur and professional sports”

Sports betting became a states’ rights issue in 2018, when the Supreme Court overturned the Professional and Amateur Sports Protection Act. Since then, 39 U.S. states have legalized sports betting, and it is live in 38 states. Baumgartner is a congressman from Washington state, where in-person sports betting at tribal sportsbooks is legal.

 

OTB Owner Fights for Her Business

Alyse Cohen has been around OTBs her whole life. Now she’s fighting for a gambling expansion to save hers.

Growing up on a horse farm in rural Maryland meant riding to a hang-out spot was more than just hopping on your bike or in someone’s car to go have fun. You could saddle up and head down to the Wilcom’s Inn, a historic roadhouse at the end of a drag strip near Frederick, Maryland and hitch your horse up right outside.

Alyse Cohen’s memories of that sort of place, where everyone wanted to be on Friday and Saturday nights, started her on her current path. Her father Randy used to take her to another Frederick staple called the Cracked Claw, a seafood restaurant turned off-track betting parlor that was legendary in the area.

When the family that owned the Cracked Claw closed the business in 2011, the OTB license for Frederick County was available. Cohen, 36, who along with her family had a hotel and conference center in Frederick, felt an opportunity to come full circle with her childhood and decided to acquire the vacant OTB license. In July 2019, Long Shot’s, Cohen’s restaurant and OTB, opened.

Since then, reports iGB, Cohen added a retail sportsbook to her OTB and business took off. But then Maryland regulators launched digital betting and traffic at brick-and-mortar locations dropped. Now, Cohen is lobbying and testifying before the state legislature in favor of bills that would allow her to partner with a digital operator for online casino, and another that would allow her to bring historical horse racing machines into her sportsbook. Either, she said, could save her business.

 

Lines on NWSL Now Available

Sportsbooks like BetMGM and FanDuel will now be able to offer betting markets for the National Women’s Soccer League. Abelson Sports is now providing odds on the league, Complete iGaming reported March 19.

The NWSL is the highest-level professional women’s soccer league in the U.S. and has teams in 14 cities. Abelson already provides markets on other women’s soccer events, including English Women’s Soccer League and UEFA Women’s Champions League.

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TRIBAL GAMING IN FOCUS

By Jill Dorson   Thu, Mar 20, 2025

Catawba Nation pushes back on South Carolina casino bill, Oregon tribe warns of fake iGaming app and Pechanga’s Maccaro receives local honors.

Former Catawba Development Partner Angling for South Carolina Casino

Wallace Cheves, a developer who for years was entrenched in legal battles with the Catawba Nation over its Two Kings Casino in North Carolina, is now pushing for a bill that would allow for commercial casinos in South Carolina and establish a gaming commission to oversee them.

According to the Charlotte Observer, Cheves is proposing a $1 billion casino project in Santee. The proposal, which is still in committee, would exempt impoverished communities along I-95 from the existing state casino ban—that would currently apply to Dillon, Marlboro and Orangeburg counties. Santee is in Orangeburg.

The Catawba Nation, based in South Carolina, has so far been barred from developing a casino in its home state. Cheves and the tribe already had a contentious relationship, beginning in 2022 when the National Indian Gaming Commission ruled that the Two Kings Casino agreement between the two sides was too favorable to Cheves and therefore illegal. Both sides ultimately agreed to a settlement last year, but the tribe is likely to push back on the new bill.

“The Catawba Nation, despite being a federally recognized Native American tribe in South Carolina, has for 30 years been prohibited from operating casino gaming on its lands,” Catawba Chief Brian Harris said in a statement. “We have renewed those efforts to reverse this injustice in the state and are in the process of working toward a fairer settlement agreement that would allow us to operate casino gaming and give our people more opportunity for economic development.”

 

Oregon Tribal Casino Warns of Fake iGaming App

Windhorse Resort and Casino is warning patrons about a fake app using its name and logo to promote illegal iGaming, according to a March 19 report from NonStop Local. Online gaming is not legal in the state, and the tribe is urging residents to avoid downloading the app or clicking any suspicious links or offers.

 

Pechanga’s Maccaro Given Lifetime Achievement Award

Mark Maccaro, the longtime chairman of the Pechanga Band of Indians, was honored last week with a lifetime achievement award by the Temecula Valley Chamber of Commerce, according to Patch. Maccaro was first elected to the tribe’s council in 1992 and has served as chairman since 1995. Throughout his tenure, Pechanga has grown to become one of the most powerful gaming tribes in California and in the U.S.

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ASIA IN FOCUS

By Marjorie Preston   Thu, Mar 20, 2025

Hornbuckle bullish on Thailand prospects, MBS hits 500 million visitors, Villar cuts ties with Dowinn Group, and more.

MGM Boss: Thailand Could Open Casino Bids in 2026

On March 13, on a J.P. Morgan gaming and hospitality webcast, MGM Resorts CEO Bill Hornbuckle said Thailand’s controversial Entertainment Complex Bill won’t be approved quickly, but “doesn’t need to take as long as Japan.” The Japanese Diet approved legal casinos in 2018 but didn’t grant its first and only license until 2023. MGM Osaka is expected to open in 2030.

Hornbuckle said there will be “real legislation” in Thailand “by the first or second quarter of 2026.” He called Thailand “an amazing marketplace” that would be “cheap to build—35 cents to 40 cents on the dollar—and even cheaper to operate.

“So if you were lucky enough to get a license and build something of substance, it’s a meaningful market. And I think the margin in that business would be pretty extensive.”

Estimated gross gaming revenue (GGR) of up to 308 trillion baht (US$9.1 billion) per year would make Thailand the world’s third-largest market after Macau and Las Vegas.

On March 13, lawmakers announced the selection of four casino host sites: Bangkok, Chiang Mai, Phuket and Chonburi.

Philippines Online Gaming Boosted GGR by 25 Percent in 2024

Despite the loss of Philippine Offshore Gaming Operations, which were banned in July 2024, the industry reaped gross gaming revenue (GGR) of PHP410 billion (US$7.16 billion), well ahead of PHP329 billion in 2023. This represents a new annual record for the Philippines.

Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp. (PAGCOR) announced the news during a keynote address at this year’s ASEAN Gaming Summit.

Tengco credited the growth to a surge in the iGaming sector, which saw a year-on-year increase of 165 percent to PHP154.51 billion, another new record.

China Stimulus Welcome News for Macau

Beijing continues to implement stimulus measures to lift the drooping economy on the mainland and in two special administrative regions (SARs), Hong Kong and Macau.

According to Seaport Research Partners, the plan outlined at a recent government briefing emphasizes “income growth amid U.S. tariffs, building on September’s stimulus and property market support.” Collectively, they should “lift consumer confidence and demand” and buoy Macau in the medium term.

Seaport analyst Vitaly Umansky projects 6.7 percent GGR growth for 2025, with mass growing 7 percent. Investment firm Jefferies, which last year forecast yearly GGR of MOP245 billion, recently trimmed that GGR by 2 percent, to MOP240 billion. But that’s still up 5.8 percent year-on-year and in line with conservative government projections.

 

Marina Bay Sands Hits 500M Visitors

Marina Bay Sands (MBS), one of two multibillion-dollar integrated resorts (IRs) in Singapore, has officially welcomed its 500 millionth visitor.

The Moshe Safdie-designed IR, with a dramatic profile that defines the Singapore skyline, opened in 2010. It recently underwent a $1.75 billion renovation, part of a total $9 billion upgrade mandated by its concession with the city.

In a social media post, MBS said the “landmark occasion” reflects its “efforts to transform the property and redefine guest experiences, ensuring that visitors enjoy a unique and memorable stay.” It added that “over 1.2 million” delegates had attended meetings, incentives, conferences and exhibitions held onsite in 2024.

MBS is a Las Vegas Sands resort. Its sole competitor in the market, Resorts World Sentosa (RWS), a Genting Singapore property, is undergoing a $6.8 billion redevelopment.

Philippines Mogul Villar Dispenses with Casino Partner

Philippine tycoon Manny Villar, who is building two casino resorts in Las Piñas, Metro Manila, has severed ties with Dowinn Group, his original partner in the venture. In its LinkedIn profile, the Korea-based firm said it is expanding beyond junket and casino operations to integrated resort developments.

InsiderPH reports that Villar, the country’s richest man, recently disclosed that there is “no more partner, it’s just us” in the planned $1 billion project.

Last year, the Philippine Star reported that the first of the two casinos would open on a redeveloped 4.5-acre mall close to the luxury Brittany Hotel, also owned by Villar. The second casino will be located inside Villar City, a new master-planned mixed-use community spanning 15 towns and cities in Metro Manila and Cavite.

Villar won a casino license during the term of Rodrigo Duterte, who was president from 2016 to 2022.

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LATIN AMERICA IN FOCUS

By Kyle Goldsmith   Thu, Mar 20, 2025

Brazil match-fixing investigation concludes, Colombian stakeholders call for gambling debate, UNICEF highlights underage gambling in Argentina, and more.

Match-Fixing CPI Concludes After Finding Criminal Pattern in Soccer

The Parliamentary Inquiry Commission (CPI) on match-fixing in Brazil has come to an end this week, with its rapporteur Romário revealing the investigations have uncovered a criminal pattern within the country’s soccer sector.

Romário, whose final report on the CPI’s work was approved on March 19, claimed players on lower salaries were targets for match-fixers.

He suggested three new bills, including increasing the penalty for match-fixing to a maximum prison sentence of 10 years as well as a fine, while also introducing a new crime of “fraud in the betting market.”

The third bill called for a ban on prop bets, such as yellow cards, with Romário noting these were a particular target for manipulation.

 

Colombian Trade Body Calls for Debate on Gambling

The Colombian Federation of Gambling Entrepreneurs (Fecoljuegos) has called for all betting stakeholders in Colombia to contribute to a debate on the sector.

In an official statement, Fecoljuegos reiterated its commitment to a transparent gambling market in Colombia, after a new 19 percent value-added tax was placed upon online gambling in the country.

Fecoljuegos says over 300,000 Colombian families depend on the gambling sector, also noting the market’s contributions to the nation’s health sector.

“We invite all stakeholders to promote an informed, evidence-based debate that contributes to Colombia’s stability and growth,” Fecoljuegos said.

 

Solidarity Party Seeks Federal Court Ban on Municipal Lotteries in Brazil

Last week, Brazil’s Solidarity Party submitted a lawsuit to the Federal Supreme Court (STF) requesting the suspension of municipal lotteries nationwide.

Brazil’s Social Democratic Party, Solidariedade, filed a Claim of Non-Compliance with a Fundamental Precept (ADPF), seeking the provisional suspension of municipal lotteries until the STF delivers a final ruling on their constitutionality.

The Solidarity Party argues municipal lotteries are creating a “truly chaotic scenario,” where local authorities are allegedly disregarding federal laws by permitting companies to operate without federal authorization.

The Solidarity Party’s lawsuit follows a long-running court battle at the state level, with the STF recently banning the Rio de Janeiro State Lottery’s nationwide activities.

 

UNICEF Publishes Guide on Underage Gambling in Argentina

UNICEF Argentina has published a guide focusing on gambling among children in the country, amid concerns over underage betting.

The guide, titled “Zoom in on online betting,” makes a number of recommendations for families and caregivers surrounding underage betting.

The recommendations include monitoring how minors use virtual wallets so that gambling-related spending can be identified, as well as opening a dialogue on how influencers advertise online gambling.

Javier Quesada, UNICEF Health Specialist, says: “Online gambling immediately raises alarm in families because it can lead to financial problems, debt, and even theft. However, it’s necessary to take a step back to examine the impact on psychosocial well-being, relationships, and the overall development of adolescents.”

 

Eighth Operator Authorized by Court Order in Brazil

YG Gaming has become the eighth company to receive preliminary authorization to operate in Brazil thanks to a court order.

YG Gaming’s 6z, 8pg and 98br brands will all be able to operate in Brazil as normal after obtaining a preliminary injunction from the Federal Court of the Federal District on March 19.

The court ruled YG Gaming wasn’t given the required 15 days to submit additional documents after its authorization request was denied. It decided the company could continue to operate until the final judgment of its appeal against the rejection.

Eight companies are now authorized by court order, including Megapix, BPX Bets Sports Group and Esportes da Sorte owner Esportes Gaming Brasil.

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SUPPLIERS IN FOCUS

By Frank Legato   Thu, Mar 20, 2025

IGA previews and the latest announcements from AGEM, Marker Trax, Delaware North and more.

IGA Previews

Several slot manufacturers previewed their product exhibits planned for the Indian Gaming Association’s Indian Gaming Tradeshow in San Diego March 31-April 3. Here are the plans announced over the past week by major manufacturers:

Ainsworth Game Technology

Ainsworth will exhibit over 25 new titles, including its first game for the premium space, while celebrating its 30th anniversary at the IGA show.

The company, founded in 1995 by gaming legend Len Ainsworth, will showcase its newest innovations, including the industry-leading A-STAR Raptor cabinet and its latest casino slots.

The centerpiece of Ainsworth’s exhibit will be its first game for the premium product space, Neon’s Bonus Blast. The game is unlike anything Ainsworth has released in the past. The game’s hero, a little green alien named Neon, will take players through three separate games, which are complete with bonus features and fun animations, including four progressive jackpots. The standout feature of the game, however, is its custom sign package, which includes an integrated product enhancement package that is unique to the industry.

Alongside Neon, the company will exhibit a full stable of new games for the top-performing Raptor cabinet, including the recently released and already high performing Triple Troves games, now with a new theme, Triple Troves Koala. Other games in the booth will include Rocket Frenzy, a standout from the Company’s G2E exhibit, now also recently released, and the highly anticipated Rising Series games, among many others.

 

Aristocrat Technologies

For Class II, Aristocrat Gaming will show the new Buffalo Quad Power game on the Neptune Single cabinet. Buffalo Quad Power entertains players with its Quadruple Metamorphic, featuring the Buffalo Gold traditional feature, Buffalo Rising for reel expansion, Buffalo Bucks for bag collection that will reveal credit or jackpot prizes, and the fourth metamorphic, Buffalo Wild, giving players up to 5X wild multipliers and big wins. The company also will bring popular Class III titles to the Class II portfolio.

In Class III, Aristocrat Gaming will show Jackpot Buffalo for the first time on the show floor. The newest addition to the iconic Buffalo brand, the game features include Hold & Spin, triggered by eight or more cash on reels or a metamorphic Buffalo meter, as well as a Bonus Wheel with a chance for Free Games, Mystery Buffalo and Double Buffalo.

The Baron Upright cabinet and its launch titles have been topping industry charts since launching in the fall of 2024, and now at IGA 2025, the company will debut three new titles on The Baron Portrait, the latest extension of the cabinet family. Launching on The Baron Portrait will be Coin Trio Buffalo, Spooky Link, and Fa Fa Fa.

For the Aristocrat Interactive division, innovations on display from gaming include the latest features in OASIS Version 15.2; floor-wide bonusing and media capabilities with ONE LINK; new features in the PlayerMax mobile app, including a new progressive jackpot display with player alerts; and the loyalty solution designed for accurate reinvestment and player engagement. Aristocrat Interactive will also show a turnkey solution for iGaming & sports.

 

Interblock

Electronic table game leader Interblock will showcase its most advanced lineup of live and automated ETGs at the show, including the latest innovations in the AMUSE category.

Interblock’s Universal Cabinets, Smart Pit, and Stadium have been recognized with industry awards for their ability to enhance the casino experience through advanced technology, seamless integration, and superior player engagement. These award-winning ETGs are set to be on display at IGA, showcasing how modular gaming solutions optimize floor space while delivering a highly immersive and personalized experience.

Interblock’s MiniStar Roulette, developed in partnership with Eclipse Gaming, introduces a Class II-certified ETG that brings roulette to new markets while ensuring regulatory compliance. Its compact design maximizes floor efficiency while maintaining the high-speed, immersive gameplay that roulette players expect. Integrated real-time stats and interactive displays enhance engagement, giving players deeper insights into their bets and outcomes.

Following Interblock’s acquisition of ZUUM, the company is also set to present Crystal Roulette, an affordable, high-quality ETG that offers operators a cost-effective yet premium solution for expanding their ETG offerings. This latest addition ensures that casinos of all sizes can enhance their gaming mix without compromising the player experience.

Interblock’s AMUSE category introduces a new era of interactive, entertainment-driven casino gaming, blending wagering excitement with visually engaging, immersive experiences. Designed to attract new players while keeping existing players engaged longer, AMUSE games deliver high-energy, social gameplay that stands out on the casino floor.

 

JCM Global

JCM Global will begin celebrating its 70th anniversary at the IGA show. Attendees will experience JCM’s award-winning bill validators, iVIZION and UBA Pro. iVIZION and UBA Pro feature best-in-class technologies proven to provide the highest levels of security and acceptance in automated transaction applications.

JCM will showcase multiple pioneering solutions. FUZION offers a full suite of features including BLE mobile wallet connectivity, real-time peripheral performance data, proactive drop/fill alerts, real-time asset monitoring, and more. JCM will also show the ICB Intelligent Cash Box system, proven to eliminate multiple points of human error; the patented PromoNet couponing system; CountR’s TITA table game solution that brings funds access directly to the table; and the BlueWaveDX hand-held firmware upload and troubleshooting tool.

JCM will also present its GEN5 and CouponXpress printers, the standard for thermal printers in the gaming industry.

 

Novomatic Americas

Novomatic Americas will launch its dynamic, technology-driven POTS portfolio, with a showcase of gaming innovation.

The company will introduce an impressive lineup of high-performance products — each a testament to the brand’s commitment to immersive design, intelligence-driven gameplay, and top-tier entertainment. Featured in the showcase are the new multi-feature, pots-style games such as Ultra Boost 3 Treasures Tiger Storm.

The Space Booster comes enhanced with a dynamic sign package. The title Piggy Prizes-Wand of Riches is displayed on an immersive 2×2 video wall setup. The Linked Progressive Globe Link Xtension Volume 2 features engaging themes such as Golden Chicago, Sugar Bliss, Tiki Crush, and Thunder Reign.

All of these gaming highlights will be displayed on the new Diamond X 1.55J cabinet. Money Party Fresh!, displayed on the Black Edition II 1.49J, features fresh titles like Fruit Boost Magic Coins. Clover Link Elements created by Novomatic’s technology partner APEX PRO Gaming will be highlighted on the APEX Pinnacle 43J Curve highlights Twist and Inferno. Cash Flood, presented on the V.I.P. X Royal 1.85, delivers epic gaming experiences with the titles Secrets of Wealth, Roll on Fire, and Nile Mistress. The V.I.P. X Dream 3.43, featuring the mesmerizing Piggy Prizes -Wand of Riches, makes gaming dreams come true.

Novomatic also will highlight its casino management system NovoVision, offering state-of-the-art operational efficiency.

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Aristocrat’s Baron Upright Makes European Debut

Aristocrat Gaming’s new Baron Upright cabinet has made its European debut in an impressive seven installs over seven days in seven international locations. The Baron Upright is now live in Albania, France, Italy, Malta, Monaco, Montenegro, and aboard European cruise ships.

Since its debut in North America a few months ago, The Baron Upright and its suite of games have been quickly climbing industry charts, ranking in the top spots for the last several months on independent research lists. Now, with its international arrival, The Baron Upright footprint will expand its reach to engage with customers and players across Europe.

Like its award-winning predecessor, The Baron Upright dual-screen cabinet features advanced technological innovations including integrated dynamic lighting, advanced display monitors, and sleek design elements to enhance casino floors. The dual 27-inch ultra-high-definition 4K display monitors bring proven player comfort and ergonomics combined with best-in-class graphics

 

Delaware North and Eureka Partner on Gaming Route

Delaware North, a global hospitality and entertainment company with a portfolio of casinos and other gaming venues, announced it has combined the company’s route-gaming business in Illinois with Eureka Entertainment’s route-gaming business, Universal Gaming Group (UGG).

The new entity is jointly owned by Delaware North and Housatonic Partners, the private equity investment firm behind Eureka Entertainment, with Delaware North being the majority owner. Delaware North acquired GEM Gaming in 2016 from a private ownership group. Eureka Entertainment acquired UGG in 2018.

Universal GEM Gaming partners with restaurants, bars, veterans and fraternal organizations, and truck stops to provide onsite gaming to patrons. It is the fourth-largest route-gaming operator in Illinois, the largest route-gaming market in the U.S., with approximately 2,500 video gaming terminals (VGTs).

 

Zitro Launches Mega Lounge in Paraguay

Zitro, a leading provider in the global gaming industry, in partnership with Paraibe S.A., announced the launch of its Mega Lounge at Casino Slots Premium, located in Pedro Juan Caballero, Paraguay.

In an exclusive area of the casino, the Mega Lounge offers a variety of Zitro games and cabinets, all linked to the MEGA jackpot. When the jackpot is triggered, all players on Zitro machines within the Lounge celebrate the win together.

Viviana Colman, country manager for Paraguay, explains, “With the large number of machines contributing to the jackpot, the Mega Lounge offers a high frequency of wins, creating a highly rewarding and communal gaming experience for players.”

 

Marker Trax and Koin Launch Podcast

Cashless solution suppliers Marker Trax and Koin announced the launch of “Betting on Success,” a new podcast series spotlighting the evolving landscape of gaming operations and technology. Hosted by industry veteran Mark “Morty” Morton, senior vice president of sales at Marker Trax and Koin, the podcast premiered on March 17.

“Betting on Success” takes listeners inside conversations with casino owners, operators and gaming industry leaders who are shaping its future. This biweekly series will deliver real-world insights and strategic perspectives from innovators driving change in gaming technology, cashless solutions and operational environments.

The inaugural season features interviews with the industry’s most influential voices, including Marker Trax and Koin CEO Gary Ellis, Marker Trax President Charlie Skinner and Koin President Gary Larkin. Other notable guests will include Tom Jingoli, Konami Gaming executive vice president and chief operating officer, and Justin Moore, CEO of Mesquite Entertainment.

 

AGEM Announces Board of Directors Elected at 2025 Annual Meeting

The Association of Gaming Equipment Manufacturers (AGEM) announced that its membership elected a new board of directors at its 2025 Annual Meeting and a new chairman, Ryan Comstock, chief operating officer for Ainsworth Game Technology.

Comstock previously served as AGEM treasurer and succeeds Robert Parente as chairman for a two-year term, while Parente, executive vice president & chief business development officer for Light & Wonder, remains on the board as treasurer for a one-year term.  One-year terms on the board of directors were also approved for:

  • Ryan Comstock, chair (Chief Operating Officer, Ainsworth Game Technology)
  • Thomas Jingoli, secretary (Executive Vice President & Chief Operating Officer, Konami Gaming)
  • Bob Parente, treasurer (Executive Vice President & Chief Business Development Officer, Light & Wonder)
  • Elaine Hodgson, director (President / CEO, Incredible Technologies)
  • Luke Orchard, director (Senior Vice President, Chief Compliance & Risk Management Officer, IGT)
    David Lucchese, director (Executive Vice President of Sales, Marketing & Digital, Everi),
  • Lauralyn Sandoval, director (Vice President of New Markets, Aristocrat Gaming)
  • Randy Gilbert, director (Chief Financial Officer, Table Trac)

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FANTINI’S FINANCE: In the Midst of Uncertainty

By Frank Fantini   Thu, Mar 20, 2025

Macroeconomic fears and escalating trade wars have made for a very uncertain short- to medium-term outlook for the gaming industry and its investment opportunities.

The fourth-quarter earnings season is now over and we may have more questions raised than answered.

There are several reasons for the uncertainty, starting with a new U.S. president who from moment to moment—literally in many cases—says conflicting things, with his only consistency being a compulsion to insult others from news reporters to fellow heads of nations.

Trump leaves many wondering whether to take him seriously but not literally, as his supporters do, or literally but not seriously, as his opponents do.

Regardless of where one stands on Trump’s ultimate success or failure the one certainty is that he has created uncertainty. The big fears are recession and reignited inflation. The big hopes are that he rights a U.S. economy jeopardized by the easy but flawed feel-good-now policies of his predecessors.

So that is the environment that the gaming industry has to deal with but can’t control.

All of that aside, gaming has its own uncertainties.

One big question is how brick-and-mortar casinos will fare. The industry has been built upon the assumption that Las Vegas will grow forever and that new and continually liberalized regional markets are a growth investor’s dream.

But Las Vegas growth might not be as dynamic as in years past, whether because of diving consumer confidence or Trump’s rhetorical war on Canada will keep away numbers of Canadians, the city’s biggest international feeder market.

Casinos also face rising costs thanks to more expensive labor contracts added to general inflation.

The response to date has been to raise fees on customers while cutting back services. Initially, such actions, many taken in response to Covid, dramatically raised profit margins and casino executives swelled with pride at their accomplishments. But that cycle has now passed, and the more imminent question may be whether giving customers less while charging them more is a wise growth strategy.

For the big Las Vegas casino operators one answer for growth is to go elephant hunting: MGM Resorts in Japan, Wynn in the Middle East and Las Vegas Sands (LVS) in South Asia, as examples.

Whether any or all of their multibillion-dollar projects will pay off is yet to be seen, though we should know more about Macau for LVS this year as its seemingly perennial projects finally come to completion, and in a couple years for Wynn in Dubai.

Regional markets appear split: digital gaming is growing double-digits, but at the cost of cannibalizing the mostly mature brick-and-mortar businesses.

Of course, some of the brick-and-mortar operators also run digital operations, though with mixed results. At this point, there is a nascent but growing belief that Penn Entertainment should get out of its ESPN Bet deal and focus digitally on iGaming. Caesars, as perhaps a case in point, is steadily progressing on making digital a significant contributor as it focuses on profitability, not market share.

Digital today appears similar to regional gaming a generation ago. Underlying growth drew a lot of players and now clear winners have emerged, namely pure plays like Flutter and, though not yet as bottom line oriented, DraftKings.

The biggest digital winners might not be the operators, but rather the data companies that serve the whole industry, from gambling operators to regulators to sports leagues.

As of this moment, Sportradar stock is soaring on strong earnings. Genius Sports likewise has had a strong run since reporting fourth-quarter results.

There is legitimate question about whether legislatures and regulators will rein in iGaming in various jurisdictions, though the bias remains for growth. But one thing is certain, in any environment, data will be in demand.

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GGP PODCAST: Laila Mintas, Venture Partner, ADvantage

By Roger Gros   Thu, Mar 20, 2025

Laila Mintas is a sports betting veteran who has been with several cutting-edge companies and organizations. She started out as an attorney in Germany where she earned her Ph.D. with a thesis on the German sports betting monopoly.

Laila Mintas is a sports betting veteran who has been with several cutting-edge companies and organizations. She started out as an attorney in Germany where she earned her Ph.D. with a thesis on the German sports betting monopoly. She then became a representative of major sports organizations such as FIFA and CONCACAF where she managing all the betting related topics such as sponsorship, data exchange, data collection and sports integrity. That led to positions with Sportradar, Bet.Works and PlayUp USA. Today, she’s a venture partner in ADvantage where she will identify technology companies that can shake up the sports betting world. She sat down with GGB Publisher Roger Gros at the ICE conference and tradeshow in Barcelona in January.