UK Regulator Lifts Suspension on Spribe’s Operating License iGame

UK Regulator Lifts Suspension on Spribe’s Operating License

April 2, 2026
(AsiaGameHub) - Spribe, a prominent gaming content provider, is now able to restart offering its popular Aviator game in the UK. This follows the local regulator's decision to lift the temporary suspension of the company's license. The suspension was initially imposed due to Spribe's breaches related to hosting requirements. License Suspension Attributed to Hosting Problems Spribe, widely recognized for its Aviator crash game, experienced the suspension of its UK remote operating license on October 30, 2025. The UK Gambling Commission (UKGC) officially stated that this suspension resulted from Spribe's failure to comply with the hosting stipulations within the UK's licensing regulations. Hosting involves the indirect delivery of content to operators. This typically covers situations where a provider stores its games on its own servers, allowing customers of its clients to access these offerings. The UKGC indicated that Spribe did not possess the required license for hosting activities, yet proceeded with them. This non-compliance ultimately led to the suspension of the operator's current remote operating license. Reinstatement of Spribe’s License Spribe had previously addressed the suspension, asserting its serious commitment to resolving the issue. The company admitted its error, attributing it to its technical configuration, and pledged to acquire the essential hosting license to comply with the UK's regulatory guidelines. The situation appears to be resolved, with a recent UKGC update confirming the reinstatement of Spribe's license. As of 30 March 2026, the suspension on Spribe OÜ’s license has been removed. The licensee is now authorized to offer gambling services under its gambling software license. Statement from the UKGC Spribe Received a Fine in Sweden Concurrently, Spribe, which also holds a license in Sweden, recently encountered regulatory issues in that jurisdiction. This occurred after the Swedish regulator discovered that Spribe's games were accessible on unauthorized gaming platforms. According to Swedish regulations, licensed providers are obligated to supply content exclusively to legally operating companies. Providing services to illicit operators targeting the local market constitutes a breach of the Swedish Gambling Act and may lead to substantial sanctions. Nevertheless, Spribe was issued a relatively minor penalty of $544 due to its cooperative stance with the regulator. 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.
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Florida Intensifies Illegal Gambling Crackdown as Police Increase Enforcement iGame

Florida Intensifies Illegal Gambling Crackdown as Police Increase Enforcement

April 2, 2026
(AsiaGameHub) - Illegal gambling continues to be a persistent problem. Despite Florida implementing stricter penalties, longer prison sentences, and allocating resources to raid illicit gambling establishments, such operations persist and spread. The Sarasota County Sheriff’s Office recently reported on such an operation, announcing the arrests of several individuals and their public identification. Florida Police Act Against Numerous Significant Illegal Gambling Operations The individuals arrested, identified as Mohamed Belyaqout, aged 52, and Mabielka C. Cumbrera, aged 45, were taken into custody by the sheriff's office. They face charges including operating a gambling house and possessing slot machines. The gambling establishment, known as Spin 24/7, was located at 5709 S. Beneva Road. The investigation and subsequent arrests were carried out by a joint effort involving the Sheriff’s Office’s Intelligence Unit, Tactical Unit, Special Investigation Section, and Patrol Bureau, in conjunction with the Florida Gaming Control Commission (FGCC). The FGCC has been actively involved in identifying and dismantling illegal gambling venues. The operation was substantial, with law enforcement confiscating at least 66 slot machines and an undisclosed sum of money. In a formal statement, Sheriff Kurt Hoffman expressed his approval of the collaborative efforts and their outcomes: “We will maintain our partnership with the FGCC, ensuring these illegal gambling establishments are held accountable and shut down.” Illegal Gambling Persists in Florida Despite Enforcement Measures However, this is not the only recent case investigated by law enforcement. Previously, Osceola County Sheriff Marcos Lopez was arrested and charged with providing protection for a $21.6-million illegal gambling operation. It is alleged that the sheriff received between $600,000 and $700,000 in exchange for diverting police attention from the illegal activities. His case is scheduled for a return to court on May 18, 2026. Florida has made legislative attempts to provide a clearer definition of illegal gambling. Notably, SB 1580, which passed both the Senate and House, ultimately failed because legislators could not agree on a final version, causing the bill to expire before it could be amended and signed into law by the governor. Lawmakers have been engaged in discussions regarding how to enhance law enforcement capabilities in illegal gambling cases and refine the definition of the offense, thereby empowering police officers and investigators to act more decisively. 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.
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U.S. Polo Assn. Supports Division I National Intercollegiate Championship, Showcasing the Future of the Sport of Polo ACN Newswire

U.S. Polo Assn. Supports Division I National Intercollegiate Championship, Showcasing the Future of the Sport of Polo

April 2, 2026
West Palm Beach, FL, Apr 2, 2026 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official sports brand of the United States Polo Association (USPA), proudly supported the Division I National Intercollegiate Championship (NIC), held March 19-22, 2026, near Dallas, Texas, at the Prestonwood Polo & Country Club. As the highest level of collegiate polo in the United States, the NIC brings together the nation's top student-athletes to compete for national titles.2026 Division I Women's National Intercollegiate Champions, University of South Carolina - Aiken Polo Team Winifred Branscum, Madison Jordan, and Brianna Jordan; 2026 Division I Men's National Intercollegiate Champions, University of North Texas Polo Team Alec Felhaber, Niklaus Felhaber, Johann Felhaber, Mosiah Gravesande, Sebastian Celis GuerreroPhoto Credit: @oanaphotoAs a proud supporter of the USPA's Intercollegiate/Interscholastic (I/I) Program, U.S. Polo Assn. continues to invest in the next generation of polo players. For the 2026 NIC, the global sport brand provided custom event t-shirts for all participants, featuring special-edition designs honoring the 50th Anniversary of the Division I Women's NIC, along with player prizes for all finalists and exclusive U.S. Polo Assn. Champions Caps to the winning teams. On-site, the sport brand also enhanced the fan experience with cap giveaways, adding to the energy of the championship atmosphere.Division I Women's National Intercollegiate Championship at a Glance:Final Matchup: University of South Carolina - Aiken(Winifred Branscum, Brianna Jordan, Madison Jordan) vs. Texas A&M University(Josie Dorsey, Francesca Felhaber, Jordan Fikes, Alternates: Kylie Beard, Emily Coflin, Sophia DeAngelis)Date: March 22, 2026Location: Prestonwood Polo & Country Club, Oak Point, TexasFinal Score: 15 (USC-Aiken) - 6 (Texas A&M)All-Stars: Madison Jordan (USC-Aiken), Josie Dorsey (TAMU), Kelsey Bray (UVA), and Winifred Branscum (USC-Aiken)Best Playing Pony: Fiscal, played and owned by Winifred Branscum (USC-Aiken)Division I Men's National Intercollegiate Championship at a Glance:Final Matchup: University of North Texas(Alec Felhaber, Johann Felhaber, Niklaus Felhaber, Mosiah Gravesande, Alternate: Sebastian Celis Guerrero) vs. Cornell University(Benito Jarmillo, Malachi Light, Max Sponer, Alternates: Harrison Fredericks, Fin Maroney, Mihali Pinzon, Dylan Tung)Date: March 22, 2026Location: Prestonwood Polo & Country Club, Oak Point, TexasFinal Score: 15 (UNT) -13 (Cornell)All-Stars: Will Mudra (TAMU), Malachi Light (Cornell), Benito Jarmillo (Cornell), Johann Felhaber (UNT)Best Playing Pony: Zury, owned by Texas A&M UniversityU.S. Polo Assn. supports more than 30 colleges and universities and approximately 70 teams nationwide through its Collegiate Partnership Program (CPP). During its eighth consecutive year, the brand supports the next generation of polo players through jerseys, custom-performance apparel, branded equipment, financial contributions, and more. The CPP is available to all colleges and universities, with its participating teams ranging from the East to the West Coast and including small private and large public institutions, as well as Ivy League and Historically Black Colleges or Universities (HBCUs)."The Division I National Intercollegiate Championship represents the future of the sport, where dedication, teamwork, and passion for the sport of polo come together at the highest level of collegiate competition," said J. Michael Prince, President and CEO of USPA Global, the company that manages the multi-billion-dollar U.S. Polo Assn. brand. "U.S. Polo Assn. is proud to support these exceptional student-athletes and to continue investing in the next generation of players and future leaders at every level.""Congratulations to all of the participants in the Division I Women's and Men's Championships, and good luck to the Division II National Intercollegiate Championships participants next month," added Prince.The Division I Women's and Men's Finals will be featured on Global Polo's award-winning show, "Breakaway: Polo in College," and distributed across ESPN and Global Polo platforms, extending the reach of collegiate championship polo to a global audience. Check local listings for airtimes."The 2026 National Intercollegiate Championship marks the 50th Anniversary of the Division I Women's Intercollegiate Tournament, and it's inspiring to see the remarkable talent and commitment these student-athletes have shown throughout such a highly competitive and significant season," said Liz Brayboy, Chair of the USPA's Intercollegiate/Interscholastic (I/I) Committee. "With the continued support of U.S. Polo Assn., collegiate polo continues to grow and reach new audiences and sports fans, which is incredibly exciting for us, and collegiate sports overall."About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official sports brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. The brand sponsors major polo events around the world, including the U.S. Open Polo Championship®, held annually at NPC in The Palm Beaches, the premier polo tournament in the United States. Historic deals with ESPN in the United States, TNT and Eurosport in Europe, and Star Sportsin India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, PGA Tour, and Formula 1, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global growth and sport content. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world. For more information, visit uspoloassnglobal.com and follow @uspoloassn.USPA Global is a subsidiary of the United States Polo Association (USPA) and manages the multi-billion-dollar sports brand, U.S. Polo Assn. USPA Global also manages the subsidiary, Global Polo, which is the worldwide leader in polo sport content. To learn more, visit globalpolo.com or Global Polo on YouTube.For Additional Information, Contact:Shannon Stilson - VP, Sports Marketing and MediaPhone +001.561.227.6994 - E-mail: sstilson@uspagl.comStacey Kovalsky - VP, Global PR and CommunicationsPhone +001.561.790.8036 - E-mail: skovalsky@uspagl.comSOURCE: U.S. Polo Assn. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au ACN Newswire

Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au

April 2, 2026
Vancouver, BC, Apr 2, 2026 - (ACN Newswire via SeaPRwire.com) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces a new high-grade gold discovery at its Antino Gold Project ("Antino" or "Project") in southeastern Suriname. The Company reports high-grade gold mineralization from surface, returning 17.22 grams per tonne (g/t) gold (Au) over 3.6 metres (m) within a broader 24.6 m interval grading 2.81 g/t Au, in the first-ever drillhole in the Antino North area (Figure 1).HighlightsFirst ever Antino North drilling delivers exceptional results from surface in the first drillhole (AN001)24.6 m of 2.81 g/t Au including 3.60 m of 17.22 g/t Au from 1.5 m down hole13.5 m of 0.44 g/t Au from 54.6 mFirst drillhole testing one of twelve gold-bearing structures identified to date at Antino NorthSurface work continues:Over 4,500 auger samples to date in 2026Total combined strike length of mapped shear zones on surface is 5.3 kmSecond Antino North drill now turning on previously undrilled kilometre-scale gold auger anomaly (Figure 2)Colin Padget, President & CEO, commented, "The Antino North area covers nearly 10,000 hectares of highly prospective geology that has never seen a drillhole - so we are thrilled to see such high-grade results from our first diamond hole into the area. Our team on the ground has so far mapped twelve parallel shear zones across and along strike of the intercepted structure, and we plan to test many of them over the current ~3,500 metre phase-one drill program. This Antino North discovery reinforces our belief that the larger Antino Project is host to a major district-scale gold system, and there remains significant exploration upside and opportunity for further discoveries with this year's exploration program."Antino North DrillingThe new discovery is hosted within a series of approximately 5- to 25-metre-wide shear zones, with geological characteristics consistent with high-grade gold mineralization documented elsewhere on the Antino Gold Project, including at Upper Antino. The reported drillhole tested the first of twelve northwest-trending parallel shears recently mapped over multiple kilometres across the Antino North area, highlighting the significant scale of the mineralizing system. The mapped shear zones are spatially coincident with a large regional-scale fold - a structural setting commonly associated with orogenic gold deposits across the Guiana Shield.Mineralization is similar in character to the shear- and vein-hosted gold mineralization at Upper Antino, comprising sheared subvertical quartz veins with late brittle deformation overprinting and a sericite-ankerite-tourmaline alteration assemblage.The Antino North concession has no record of historical diamond drilling. This discovery represents the first drill-tested gold zone within the recently acquired exploration concession, located approximately 20 kilometres southwest of the Upper Antino area - confirming the potential for new mineralized centres across the district-scale Antino land package.Table 1: Drill Hole Assay ResultsDrillholeFrom (m)To (m)Interval (m)Au (g/t)AN0011.5026.1024.602.81incl1.505.103.6017.22and54.6068.1013.500.44 *Intervals are down-hole depths. True widths of mineralization are unknown at this time based on currently available results and observations. All are diamond drill holes. Interval average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher-grade gold intercepts. Widths are calculated using a 0.10 g/t gold cut-off grade with
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California Cardrooms Face Legal Challenge as New Rules Ban Blackjack Games iGame

California Cardrooms Face Legal Challenge as New Rules Ban Blackjack Games

April 2, 2026
(AsiaGameHub) - California’s cardroom industry is confronting an existential crisis due to new regulations that took effect on April 1. The industry is seeking to reverse these rules, which essentially bar cardrooms from offering blackjack-style games—games that serve as the lifeblood of these venues and their surrounding local economies. California’s New Cardroom Regulations Have Taken Effect Earlier this year, California Attorney General Rob Bonta and the Bureau of Gambling Control approved far-reaching regulatory changes. Citing concerns about problem gambling, legislators effectively decided to prohibit cardrooms from providing the player-dealer blackjack games the industry has grown dependent on. For context, California law forbids anyone except state tribes from offering banked gambling. As a result, cardrooms have long hired third-party player-dealers and created blackjack variants that align with the local regulatory framework. The use of third-party proposition player services (TPPPs) has become closely associated with cardrooms, which are major contributors to local economies. Regarding player-dealers, the new rules do not completely ban the practice—though they require that player-dealers be rotated every 40 minutes. The rules took effect on April 1, but cardrooms have until May 31 to submit their compliance plans. This means gaming operations will remain largely unchanged for a few months. However, industry representatives are worried about what lies ahead. Cardrooms Have Taken Legal Action California’s cardroom sector has firmly rejected the new regulations, claiming they would devastate not only the industry but also entire local economies. Several regions in California get a large portion of their tax revenue from the cardroom industry, meaning the new laws could have far broader impacts than intended. Additionally, industry representatives argued the new laws would put thousands of jobs at risk. The industry currently employs many people, who are facing significant uncertainty due to the new rules. In any case, the industry has refused to stand by as the new regulations take hold and has taken the issue to court, hoping to secure an injunction. Meanwhile, tribal authorities appear pleased with the changes. Tribes have long believed cardrooms infringe on their exclusive right to offer gambling and have long protested the cardroom industry’s existence. Representatives stated they were happy with the AG’s decision and expressed hope that California would properly enforce the new rules. 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.
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New Jersey Lottery Participant Nets $6.5M in March iGame

New Jersey Lottery Participant Nets $6.5M in March

April 2, 2026
(AsiaGameHub) - New Jersey continues to be a prime location for lottery enthusiasts, as the state produced another major winner recently. One lucky ticket secured a $6.5 million prize in the Pick 6 game, with the drawing held on Monday, March 23. Details of the win were only recently announced by the lottery. The winning numbers were 2, 3, 6, 33, 38, and 41. The ticket was purchased and played via the Jackpocket mobile application. Jackpocket is a widely-used courier service operating in New Jersey, though it has faced controversy in states such as Texas, particularly following a major jackpot win that prompted an investigation and regulatory scrutiny. James Carey, the New Jersey Lottery's executive director, extended his congratulations to the winner. The jackpot for the game has now reset to more than $2 million. “Congratulations to our latest Pick-6 winner! This is the second Pick-6 jackpot this year,” stated Carey. Earlier in March, a different player won an $832,000 jackpot just before St. Patrick’s Day. That player was on their inaugural visit to Caesars Atlantic City when they captured the $832,549 Mega Jackpot.Also in March, a separate ticket secured a $3.4 million prize in the Cash 5 game. 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.
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Gambling Dates Back to the Ice Age iGame

Gambling Dates Back to the Ice Age

April 2, 2026
(AsiaGameHub) - Scientific American has covered a new analysis presenting evidence that humans might have been gambling as far back as the Ice Age, and the modern cultural phenomenon of gambling could be deeply rooted in human behavior across thousands of years. Understanding of Probability Traces Back 12,000 Years Though the study’s scientific findings center on the realization that humans have long grasped the nature of randomness and that certain events are entirely beyond their control, the revelation that humans have gambled for millennia is especially notable. The analysis published by archaeologist Robert J. Madden in American Antiquity suggests that games of chance, a form of gambling, date back at least 12,000 years. “This is the most thrilling paper I’ve encountered in North American archaeology in at least the past five years,” stated archaeologist Robert Weiner, who works at Dartmouth College, to the publication. Madden reached his conclusion by reviewing at 25 years’ worth of archaeological community research, as the researcher himself identified specific dice featuring intricate etched markings on their faces; these dice were documented across photo databases from excavation sites throughout North America and other regions. This finding led Madden to conclude that gambling practices likely endured, and were specifically accessible to Indigenous North American communities long before European pilgrims first arrived on the continent. Gambling as a Means of Coping With Events Beyond Human Control Put differently, gambling is a universal practice that emerged regardless of geographic and cultural divides, thousands of years before human groups became aware of one another’s existence. Per Madden, the embrace of gambling serves a more profound intellectual purpose in cultural evolution, as it fundamentally signals that societies have come to understand that not all events stem from predictable causes—meaning these early civilizations possessed a practical understanding of basic probability. “When you begin flipping a coin and recording the results, you are essentially invoking randomness. You can start to spot these patterns forming, and beyond just observing them, you can even put them to use,” Madden elaborated. 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.
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CFTC Focuses on Insider Trading in Prediction Markets iGame

CFTC Focuses on Insider Trading in Prediction Markets

April 2, 2026
(AsiaGameHub) - The Commodity Futures Trading Commission (CFTC) is intensifying its focus on insider trading within prediction markets, with its newly appointed enforcement chief designating the issue as a top priority. “We Will Aggressively Detect, and Investigate” Speaking at New York University School of Law, David Miller, the agency’s recently appointed director of enforcement, described the current period as “a very exciting time for the CFTC.” He elaborated, stating, “From our roots as an agricultural futures regulator, we now oversee derivatives markets in a wide variety of areas. And we are at the forefront of regulating prediction markets and crypto assets, perhaps the two most dynamic markets in finance.” The new enforcement head, who previously served as a litigation partner at Morgan Lewis and Greenberg Traurig after a decade in public service in various capacities, including as a “federal prosecutor in multiple offices of the Department of Justice” and an assistant US Attorney in the Southern District of New York, where he spent over half his tenure as a member of the Securities and Commodities Fraud Task Force. His remarks signaled a shift in the CFTC’s approach: “The era of regulation by enforcement is over. Under Chairman Selig’s leadership, we will focus on the Division’s core purpose of policing fraud, abuse, and manipulation rather than setting policy.” Miller emphasized that the agency will adopt a firm stance against any individuals who leverage nonpublic information in prediction markets for personal gain. Miller clearly articulated his position on the matter. “I take insider trading extremely seriously. Insider trading in the prediction markets, where there is misappropriated information, is precisely the kind of serious violation that we are going after vigorously,” he stated. He further countered a misconception, adding, “Unfortunately, there is a myth in the mainstream media and social media that insider trading law doesn’t apply in the prediction markets. That is wrong.” Miller announced the CFTC’s intention to “aggressively detect, investigate, and, where appropriate, prosecute insider trading” in these controversial markets, which permit users to trade on the outcomes of future events. These events can span from financial indicators to political contests and sports results. While platforms like Kalshi have brought these markets into greater public view, they have also introduced new concerns regarding fairness and regulatory oversight. Exchanges Must Do Their Jobs Miller stressed that the responsibility is not solely on regulators, asserting that the exchanges themselves must implement measures to monitor activity and prevent misconduct on their platforms. “Exchanges have important obligations under our core principles relevant to insider trading and market manipulation. These include obligations to have appropriate surveillance, compliance practices and procedures, promote fair and equitable trading, protect markets from abusive practices, and, importantly, to only list contracts that are not susceptible to manipulation,” Miller explained. He concluded that “exchanges doing their job” is a “crucial component of the fight against market manipulation and insider trading.” Recent weeks have seen a rise in concerns, with several trades appearing to be exceptionally well-timed, sparking suspicion that some participants might have possessed access to private information. In certain instances, accounts were reportedly established mere hours before significant events, intensifying questions about the utilization of these markets. Miller acknowledged that not all informed trading constitutes illegal activity. “Our markets are price-discovery markets, not disclosure-based markets. Market participants are entitled to use their own knowledge and information to make trading decisions. For example, we want the farm cooperative that sees issues with a harvest to be able to hedge its position,” Miller noted. However, he drew a clear distinction, reaffirming that the agency will take action against those “who tip or trade with misappropriated information,” and, as he emphasized, the CFTC “will prosecute aggressively” such forms of manipulation. 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.
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Iowa Senate Moves Forward With Bill to Regulate Prediction Markets iGame

Iowa Senate Moves Forward With Bill to Regulate Prediction Markets

April 2, 2026
(AsiaGameHub) - Iowa legislators are pursuing a measure that no other state has yet undertaken – enacting a bill to regulate prediction markets. This move is poised to create significant disruption within the event contracts industry, as operators argue they are already overseen at the federal level and that federal law supersedes state-level gambling rules. Prediction Markets Are a Point of Contention Prediction markets represent an innovative type of trading platform where participants can exchange contracts based on future events. Users essentially purchase shares that correspond to "yes" or "no" outcomes for specific occurrences, which can cover a wide spectrum from sports to political events. These platforms fall under the regulatory authority of the Commodity Futures Trading Commission (CFTC), permitting them to operate across all 50 states. Nonetheless, critics within the industry contend that event contracts are nearly identical to sports wagering and that prediction markets, in their current state, constitute a form of gambling that lacks proper oversight. Furthermore, detractors have asserted that prediction markets are susceptible to insider trading and may even incentivize the manipulation of the events themselves. These issues have resulted in numerous legal disputes and conflicts, leaving the precise future of prediction markets uncertain. Iowa is now pioneering a novel strategy by moving forward with a bill that, should it become law, would impose state-level regulations on these markets. An Unprecedented Approach Senate File 2470 is legislation designed to regulate prediction markets. If enacted, it would ban any prediction market operator from functioning without a license issued by the Department of Revenue. This regulatory structure would also mandate that providers of event contracts pay taxes within the state of Iowa. The legislation was introduced by Senator Mike Kilmesh in January. It specifies a 20% tax rate on prediction markets, with the majority of the revenue directed to the state's general fund. Additionally, the proposal would obligate prediction markets to pay an entry fee to operate in Iowa. An initial draft of the bill set licensing fees at $10 million, a figure that was later increased to $20 million in updated versions. Platforms would also be required to pay an annual $100,000 fee for license renewal. The bill has recently been approved by the Iowa Senate with strong backing, receiving 45 votes in favor from the 46 members present. Consequently, it will now proceed to the House of Representatives for additional consideration. Meanwhile, recent studies indicate that a significant number of Americans either perceive prediction markets as a type of gambling or feel the industry should be subject to comparable 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.
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Former Tata Steel Workers Win $1.32 Million Lottery Jackpot iGame

Former Tata Steel Workers Win $1.32 Million Lottery Jackpot

April 2, 2026
(AsiaGameHub) - Despite the closure of their former workplace, 15 Tata Steel workers have maintained their bond in South Wales and are now set to receive a substantial GBP 1 million from the lottery, which equates to approximately $1.32 million. 15 Ex-Workers Kept Together for Years – and They Won a Million-Plus Jackpot The group of friends managed to stay connected, each contributing £5 to every lottery draw. This consistent effort has now paid off, with each of the 15 winners entitled to a share of the grand prize amounting to GBP 66,666, or roughly $88,094. Paul Davy, aged 61, was the driving force behind the friends' lottery syndicate, successfully keeping all 15 individuals involved over the years through regular emails and conversations, both online and in person. Davy admitted that his initial motivation wasn't solely about winning; he primarily aimed to stay in touch with his former Tata Steel colleagues. He even viewed the lottery contributions as a way of "donating to charities," given that lottery proceeds typically support good causes. Therefore, his astonishment was immense when he discovered that the group of friends had clinched the $1.32-million jackpot. He conveyed his disbelief to the lottery organizers, stating he could hardly comprehend the news. His immediate thought? "It must be an error," Davy confessed. Many of the winners reside in close proximity, and some of the named winners include Gill Furlong, Christine Davies, Sally Wise, Julie Lambert, Allan Evans, Ian Howells, and Raja Prasad. Davy has expressed that this lottery win will provide an opportunity for the group to reunite and celebrate their success. Allwyn, the operator of The National Lottery, shared their enthusiasm for this well-deserved win going to such a deserving group. Allwyn is Happy to See Such a Great Story Facilitated by the Lottery Andy Carter from Allwyn commented: "A huge congratulations to the whole group; we wish them many more happy memories ahead." While the closure of the Tata Steel factory presented challenges for the friends, the fact that they met there has now paved the way for significantly positive developments in their lives. The winnings are expected to substantially enhance the lives of all involved. The winners have shared their intentions, which include paying off outstanding mortgages, embarking on holidays, investing in home renovations, and perhaps even purchasing new cars. 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.
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Missouri Could Let Voters Decide on Slot Machines iGame

Missouri Could Let Voters Decide on Slot Machines

April 2, 2026
(AsiaGameHub) - Missouri legislators are revisiting the debate regarding the fate of slot-style machines located in gas stations and small enterprises, and on this occasion, voters might ultimately make the decision. “It Is Something That Belongs on the Ballot” The president of the Missouri Senate, Cindy O’Laughlin, thinks that placing the matter on a statewide ballot could be a sound approach, providing residents with the chance to determine if they want these devices legalized and regulated. This concept emerged during a legislative hearing aimed at finding the most effective way to handle the rapid proliferation of so-called “gray market” gaming devices across the Show-Me State. These devices, frequently referred to as video lottery terminals, have existed in a legal gray area for years. While proponents argue they should be formally brought under state supervision and taxed appropriately, opponents insist they should be eliminated entirely. “Perhaps this is a matter that should be placed on the ballot,” O’Laughlin remarked during the debate. “If the decision were mine, I would have removed them all by this point.” Regulation Might Restore Order and Increase Tax Revenue Following a recent federal judge’s ruling, many of these units qualify as illegal gambling devices under Missouri law, potentially paving the way for more severe enforcement measures against their operators. Concurrently, legislators are examining bills that would replace unregulated machines with a state-managed system. Comparable proposals have circulated for years, frequently encountering strong resistance in the Senate even after passing the House with ease. A definitive resolution is needed urgently, especially given that these machines are currently generating substantial income in bars, convenience shops, and other venues where they are readily accessible. Some officials suggest that regulating VLTs would generate more business and enhance tax revenue. Conversely, advocates campaigning against these devices have raised concerns about the expanding access to gambling in commonplace environments. Due to worries regarding the extensive spread of these machines, Missouri officials initiated a statewide enforcement crackdown in mid-March. As reported by Missouri Attorney General Catherine Hanaway., targeted gas stations and liquor stores were issued strict deadlines to dismantle or power down the equipment. 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.
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Luxury NEV Enterprise Seres Hits Record High Revenue of RMB164.89 Billion in 2025, Maintaining Positive Profitability for Second Consecutive Year ACN Newswire

Luxury NEV Enterprise Seres Hits Record High Revenue of RMB164.89 Billion in 2025, Maintaining Positive Profitability for Second Consecutive Year

April 2, 2026
HONG KONG, Apr 2, 2026 - (ACN Newswire via SeaPRwire.com) - Luxury new energy vehicle (NEV) enterprise Seres officially released its 2025 annual results on March 30, with several core financial indicators recording steady growth and profitability continuing to strengthen for the second consecutive year, attracting widespread market attention.The results report shows that in 2025, Seres achieved revenue of approximately RMB164.89 billion with a year-on-year increase of 13.63%, net profit attributable to shareholders of the listed company was RMB5.96 billion and R&D investment reached RMB12.51 billion, a year-on-year increase of 77.4%. The Company also announced a proposed final dividend of RMB0.8 per share (tax included), totaling approximately RMB1.9 billion in cash dividends, reflecting its commitment to rewarding shareholders.In terms of sales performance, Seres' NEV sales continued to maintain a high level. Annual sales in 2025 reached 472,269 units, representing a year-on-year increase of 10.63%. The Group's premium brand AITO recorded cumulative annual deliveries exceeding 420,000 units, making it the best-selling Chinese luxury automotive brand in the domestic market. Across the full lineup, the AITO M5, M7, M8, and M9 collectively surpassed one million cumulative deliveries. The coordinated growth in both sales and profit further strengthened the Group's overall operational resilience and risk management capabilities.In terms of R&D investment, Seres has maintained a strong commitment. In 2025, the Company’s R&D investment reached RMB12.51 billion, representing a year-on-year increase of 77.4%. Both the intensity and growth rate of R&D investment remained industry-leading, reflecting the Company’s adherence to a technology-driven strategy and laying a solid foundation for future product iteration and core competitiveness.The Group’s cash flow performance was also robust. As of December 31, 2025, net cash flow from operating activities amounted to RMB28.12 billion. Ample cash reserves enabled the Company to support high-intensity R&D and international expansion while building a stronger risk buffer and enhancing strategic flexibility.Kaiyuan Securities, Changjiang Securities, CICC, and Guotai Haitong are among the major brokerages maintaining positive ratings on Seres — Kaiyuan and Changjiang with "Buy," Guotai Haitong with "Overweight," and CICC with "Outperform" alongside a revised target price of RMB 120. All institutions are optimistic on Seres' long-term growth prospects, noting that underlying business fundamentals continue to improve with a clear and compelling growth thesis. Key catalysts include a dense Q2 model launch cycle (AITO M6 and refreshed M9/M8), accelerating overseas expansion into the Middle East and Europe, and a robotics business increasingly seen as a credible second growth curve.Overall, Seres delivered a comprehensive upgrade in its 2025 results, spanning sales volume, profit, R&D and cash flow. The Company stated that it will continue to position itself as a luxury vehicle enterprise, deepen its presence in the intelligent NEV sector, further increase investment in core technologies, enrich its high-end product portfolio, accelerate its global market expansion, and focus on improving profitability and core competitiveness, thereby supporting the continued upgrading of China’s new energy vehicle industry. For investors, this performance has undoubtedly strengthened confidence in the Company’s future growth. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Gibraltar Opens the Door to Prediction Markets With Its First License iGame

Gibraltar Opens the Door to Prediction Markets With Its First License

April 1, 2026
(AsiaGameHub) - Gibraltar has made a landmark move into a rapidly growing segment of the digital economy by granting its first license for a prediction markets operator. This step is part of the territory’s wider strategy to expand past its traditional core sectors of online gambling and financial services, while also addressing rising economic pressures. Gibraltar Prioritizes Innovation With Fast-Track Approval of New Prediction Market License The announcement was made public during a parliamentary session, where officials confirmed that the relevant application had completed its processing. The accelerated approval timeline makes clear the territory’s explicit goal to remain competitive in emerging industries and draw in cutting-edge business models. While authorities have not publicly named the license recipient, industry focus has shifted to Predict Street Ltd, which appears on the government’s official register as an approved betting intermediary. Per Malta Media reports, even though this link has not been formally confirmed, the listing has sparked widespread speculation that the firm is the holder of the newly issued license. This decision comes as Gibraltar is adapting to adjustments to the United Kingdom’s gambling taxation framework. The recent rise in UK gambling duties is projected to impact operators based in Gibraltar, many of which rely heavily on access to the British market for their revenue. Government representatives noted that embracing emerging sectors like prediction markets could help offset potential revenue declines and support long-term economic stability. Growing Prediction Market Sector Faces Inconsistent Regulatory Stances Across Europe Prediction markets operate as platforms where users place wagers on the outcomes of real-world events, ranging from sports competitions to political developments and economic shifts. Pricing on these platforms reflects the collective forecasts of participants, positioning the operating model somewhere between financial trading and traditional betting. This hybrid nature has created significant regulatory challenges. Across Europe, governing bodies have adopted conflicting positions: several countries have chosen to restrict or fully ban these platforms outright, while others have moved to support their operation. Common concerns center on whether these services should be classified as financial instruments or governed under gambling legislation. In contrast, Gibraltar has opted for a more open approach by integrating prediction markets into its existing regulatory system. Officials believe that rolling out a controlled framework will support innovative new ideas, while still maintaining proper oversight and consumer protection measures. Interest in the sector is surging rapidly. Major industry players and established betting firms have already begun exploring similar products, while specialized prediction platforms continue to draw high levels of user engagement across the globe. That said, expansion has not been free of controversy, as regulators in multiple jurisdictions have ramped up scrutiny of the space. Predict Street Ltd, the firm believed to be connected to the new license, has shared ambitions tied to high-profile global events including the 2026 FIFA World Cup. The platform is currently preparing for its official launch, and has already started inviting early user registrations. 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.
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Growth of Prediction Markets Overshadowed by Mounting Legal Challenges iGame

Growth of Prediction Markets Overshadowed by Mounting Legal Challenges

April 1, 2026
(AsiaGameHub) - Prediction market platforms are growing in popularity across the United States, but analysts are warning that the sector could soon face major legal and regulatory hurdles that could alter its future trajectory. Lax U.S. Oversight Drives Growth of Prediction Markets Per a recent investor note from Jefferies analyst David Katz, the industry is reaping benefits from lenient oversight from the Commodity Futures Trading Commission (CFTC). This more relaxed regulatory approach has let operators expand rapidly when compared to the heavily regulated traditional gaming industry, which charges steep licensing fees and has strict, comprehensive compliance rules. Katz noted that prediction market firms operate under fewer constraints. Unlike sportsbooks and casinos, they are not required to implement policies like betting limits, self-exclusion initiatives, or responsible gambling communications. Additionally, they face significantly lower tax and licensing expenses, which creates a more favorable operating environment in the short run. Nevertheless, this benefit could prove temporary. Multiple legal disputes are unfolding at the state level, with regions including Nevada, Ohio, Massachusetts, and California challenging the legality of event-based contracts. These cases address core questions, such as whether prediction markets fall under federal authority or should be classified as gambling and regulated by individual states. Katz predicted that these disputes will likely escalate, with a high likelihood that the U.S. Supreme Court will hear one or more of these cases as early as 2027. The ruling could have a major impact on the industry, and current signs point to states holding the upper hand in multiple scenarios. Legal Hurdles Could Redefine the Future of Prediction Markets In Nevada, regulators contend that federal oversight does not preempt state gaming laws. Meanwhile, legal fights in Massachusetts and Ohio center on how event contracts should be categorized under current financial regulations. In California, tribal gaming groups are arguing that these platforms violate their exclusive rights granted under federal law, a stance that analysts consider to be well-founded. The analyst laid out varying odds of negative outcomes for prediction market operators, spanning from moderate to extremely high, depending on the specific case. A ruling against the industry could compel companies to limit their offerings, especially for sports-related contracts, or adhere to more stringent local regulatory requirements. Even with these risks, short-term outlooks remain positive. Both established operators and new entrants are continuing to explore opportunities in this space, with some shifting their focus to non-sports events to lower their exposure to legal disputes. This segment has already demonstrated growth, pointing to a potential path forward. Katz also pointed out that major sportsbook operators stand to benefit regardless of the outcome. If prediction markets receive full legal approval, large established firms would gain dominance thanks to their size and resources. On the other hand, if courts restrict the sector, traditional operators would face less competition. While the industry’s rapid growth has drawn attention, its long-term trajectory will depend on how U.S. courts and lawmakers decide to define and regulate this emerging form of trading. 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.
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Singapore Appoints Hoong Wee Teck as New Chairman of Gambling Regulatory Authority

April 1, 2026
(AsiaGameHub) - Singapore has announced a leadership change at the Gambling Regulatory Authority, with Hoong Wee Teck assuming the role of chairman effective April 1. This appointment ensures that a senior figure with extensive law enforcement experience will lead the regulator responsible for overseeing all forms of gambling within the city-state. Good to Know Hoong Wee Teck commenced his term as GRA chairman on April 1, 2026. He succeeded Tan Tee How, who had chaired the authority since 2018. The Singapore Ministry of Home Affairs stated that Hoong served 38 years in the Singapore Police Force, including 11 years as commissioner. Singapore Hands GRA Chair to Former Police Chief The transition became effective on Wednesday, April 1, with Hoong Wee Teck moving from deputy chairman to chairman of the Gambling Regulatory Authority. Official Singaporean records now list him as the board's chairman. The Singapore Ministry of Home Affairs noted Hoong's 38 years of service in the Singapore Police Force, including 11 years as commissioner. This background provides the regulator with a chairman possessing deep expertise in enforcement and public sector oversight, particularly as Singapore maintains strict control over gambling activities. Tan Tee How is departing from the role after serving as chairman since 2018. The ministry extended its gratitude for his contributions, stating that he helped guide a broader transformation of the regulator's function. Under his leadership, the previous casino-focused structure evolved into a more comprehensive national gambling regulator.This aspect holds significant importance in Singapore. The GRA's mandate is no longer confined solely to casino oversight. The ministry explained that the authority was transformed from a casino regulator into the national regulator for all types of gambling in the country. Tan was also credited with assisting the agency in maintaining robust governance while ensuring gambling remains free from criminal influence and minimizing harm to society. Singapore continues to be one of Asia's most tightly regulated gambling markets, featuring a casino duopoly comprising Marina Bay Sands and Resorts World Sentosa. Within this context, the chairman's role carries weight far beyond merely overseeing land-based casinos. FAQ Who has been appointed as the new chairman of Singapore's Gambling Regulatory Authority? Hoong Wee Teck assumed the chairmanship of the Gambling Regulatory Authority on April 1, 2026. Whom did Hoong Wee Teck succeed? He took over from Tan Tee How, who had held the chairman position since 2018.What was Hoong Wee Teck's position prior to becoming chairman? He served as deputy chairman of the GRA before ascending to the top leadership role. What is Hoong Wee Teck's professional background? The Singapore Ministry of Home Affairs reported that he spent 38 years in the Singapore Police Force, with 11 of those years as commissioner. What changes did Tan Tee How facilitate at the GRA? The ministry indicated that under his guidance, the GRA transitioned from a casino-focused regulator to the national authority overseeing all types of gambling. Which casinos are operational within Singapore's regulated market? The city-state features a casino duopoly consisting of Marina Bay Sands and Resorts World Sentosa. 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.
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Flutter Resumes US Poker Operations Under PokerStars on FanDuel Brand

April 1, 2026
(AsiaGameHub) - Flutter has reintroduced its US poker operations under a new structure, bringing back the PokerStars brand rather than phasing it out entirely in favor of FanDuel. The new platform, which is listed in app stores as PokerStars on FanDuel, launched on Wednesday and has immediately altered the competitive landscape for shared liquidity online poker. Key Takeaways The new application is named PokerStars on FanDuel. Players in Pennsylvania are now part of a unified player pool with those in New Jersey and Michigan. Existing users can still access the previous client for withdrawals at this time. Shared Liquidity Returns to the Forefront The most significant practical change is not the branding, but the liquidity. Players in Pennsylvania are now combined with players in New Jersey and Michigan, creating a larger multi-state player pool for the relaunched network from the outset. This is important because PokerStars USA had lost ground after being slower than competitors to integrate Pennsylvania, which is the largest state by population with legalized online poker. Once a market leader, the brand had fallen behind partly due to the delayed integration. The relaunch also clarifies the branding strategy. Initial indications suggested a complete transition to FanDuel, but Flutter has retained the PokerStars brand within the product. Consequently, the brand is once again available to US players, albeit within a FanDuel-affiliated format.Players who still have funds in their old PokerStars USA accounts can log in to make withdrawals. By the end of the month, any remaining balances will be sent via check to the address associated with the player account. PokerStars “Lite,” which manages play money games and private clubs, appears to be unaffected and continues to operate as usual. New Bonuses Introduced Amidst Player Complaints Flutter has presented the product as an enhanced poker offering, leveraging PokerStars' software and FanDuel's market reach. Aaron Dugan, general manager of PokerStars at FanDuel, stated: “By combining PokerStars’ industry-leading poker experience with FanDuel’s scale and reach, we’re able to deliver bigger games, larger prize pools and a more dynamic experience. We look forward to welcoming players to the tables.” Players are being offered some initial incentives. All users are eligible to claim a sign-up bonus, including those who previously held PokerStars USA or FanDuel accounts. A PokerStars representative explained the rationale on the US Poker Community Discord, noting: “Poker is new and all players are treated as new regardless of prior Sports or Casino activity.”This reset also means that all players will need to select a new username. Flutter is also using the launch to reintroduce a version of the Sunday Million. Instead of a single event with a $1 million guarantee, the operator will host two tournaments with a $500,000 guarantee each on April 12. A series of freerolls totaling $150,000 is also part of the launch promotion. The long-term objective is clear. If FanDuel can successfully attract sportsbook and casino users to poker, game traffic could see an increase. However, operators typically aim to cross-sell poker players into sports betting and casino games, as these products generally generate higher revenue. The rollout has not been without its challenges. Initial player feedback included reports of technical difficulties and geolocation issues that prevented access. Some players also expressed concerns that the software has regressed and is not as high-quality as it once was. Game selection also appears to be limited in certain areas. Pot-limit Omaha eight-or-better, mixed games, heads-up tables, and sit-and-gos are not all currently available. A representative for the site indicated that PLO8 and mixed tables are planned for future release. There are currently “no plans” to introduce heads-up games or sit-and-gos. An additional restriction has been implemented: individuals who have self-excluded from FanDuel or have received an operator ban are not permitted to create an account on the new client. 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.
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Blackjack Rule Change Compels Difficult Budget Decisions in Two Cities

April 1, 2026
(AsiaGameHub) - Two cities in Los Angeles County are seeking voter approval after California altered regulations concerning blackjack at cardrooms. Commerce and Bell Gardens will present residents with a proposal in June for a quarter-cent sales tax increase, as local officials express concerns about potential negative impacts on city budgets and public services. Key Takeaways Commerce and Bell Gardens are scheduled for a June vote on a local sales tax increase. Both municipalities state the measure is intended to compensate for financial shortfalls linked to the blackjack rule changes. City leaders have declared fiscal emergencies and voiced criticism of Attorney General Rob Bonta. Revenue Pressure Prompts Tax Votes in Two Cities While the proposed tax increase appears modest, city officials assert that the underlying budget issue is significant. At a press conference on March 26, representatives from both cities indicated that California's new blackjack regulations have created a substantial deficit in local finances. Bell Gardens Mayor Miguel De La Rosa stated: “They gave cities like ours the ability to responsibly build our budgets. Now, that foundation is being pulled out from underneath us.” Bell Gardens city manager Michael B. O’Kelly emphasized the city's limited capacity to delay action. “If we don’t act now, we risk the ability to protect the community,” he said. “We are acting because we must, not because we want to.”Commerce city manager Ernie Hernandez cautioned that the consequences would affect daily operations, predicting that the rule change would lead to service delays and reductions. “The threat to our city is here,” he added. Commerce Mayor Kevin Lainez estimated that the tax increase could generate at least $4.5 million, though this would only partially address a projected loss ranging from $8 million to $19 million. In Bell Gardens, O’Kelly indicated the city anticipates a 40% revenue reduction and expects the tax measure to recoup approximately one-third of that loss. Blackjack Rule Change Disrupts Long-Standing Cardroom Model The new regulations, effective this month, eliminate the method cardrooms previously used to offer blackjack and other house-banked table games. California law designates these games exclusively for tribal casinos. Cardrooms had maintained these offerings through Third-Party Proposition Player Services (TPPPS), where external providers acted as the bank. This arrangement had faced opposition for years. Tribal operators contended that it infringed upon their exclusive rights to house-banked gaming, and state regulators have now implemented changes that cardrooms argue jeopardize their business model. Cardrooms have until May to outline their compliance plans.The impact extends beyond gaming floors, with operators warning that the ban endangers the broader cardroom economy. This industry encompasses over 70 cardrooms and nearly 20,000 employees statewide. The California Gambling Association has suggested that up to half of these jobs could be eliminated. Within Los Angeles County alone, County Supervisor Hilda Solis noted that cardrooms contribute to over $2 billion in economic activity and support approximately 9,000 jobs annually. Officials from Commerce and Bell Gardens also reported that Rob Bonta declined to meet with them or address their concerns. They used the press conference to call for the state to halt the ban. Bonta's office did not immediately respond to an inquiry from Gaming America regarding this claim. Lainez and De La Rosa urged voters to support the June measures, with Lainez highlighting that the burden disproportionately affects communities like theirs. “This is a terrible situation. We are a vulnerable community. We are a community of color, and if you look at the cardroom cities all across the state, they are also communities of color.” Frequently Asked Questions Why are Commerce and Bell Gardens holding tax votes? Both cities are seeking a quarter-cent sales tax increase to offset revenue losses associated with California's blackjack ban. What has changed under California's rules? The state has closed the cardroom model that permitted blackjack and other house-banked games through external proposition player services.When must cardrooms respond? Cardrooms have until May to submit their plans for complying with the new regulations. What are Commerce's projected losses? Commerce anticipates losses between $8 million and $19 million, with the proposed tax increase expected to generate at least $4.5 million. What are Bell Gardens' projected losses? Bell Gardens forecasts a 40% revenue decrease and states that the tax measure would recover approximately one-third of that amount. What is the scale of the broader cardroom industry in California? According to industry data, the sector comprises over 70 cardrooms and nearly 20,000 workers. What did local officials say about the wider impact? They stated that the budget impact could affect public services and disproportionately harm vulnerable communities of color. 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.
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JPMorgan Could Enter Prediction Markets, Jamie Dimon States

April 1, 2026
(AsiaGameHub) - JPMorgan Chase is exploring the possibility of entering prediction markets, though CEO Jamie Dimon emphasized that any such move would be restricted. While the bank hasn't officially committed to a launch, the concept is currently under consideration. Key Points Jamie Dimon indicated that JPMorgan might eventually provide services within prediction markets. He specifically excluded political and sports betting from any potential offerings. The institution is also evaluating internal policies regarding staff participation on these platforms. JPMorgan Explores Prediction Markets with Specific Restrictions Dimon noted that the top U.S. lender is open to exploring the sector currently occupied by firms like Polymarket and Kalshi. “It’s possible one day we’ll do something like that,” he remarked during a CBS Evening News interview. However, he established clear boundaries for the bank's involvement. “We’re not gonna be in sports. We’re not gonna be in politics. There’s a bunch of stuff we won’t do. And obviously, we have strict rules around insider information,” he stated. This suggests a more specialized approach focused on financial sectors rather than general event trading. Should JPMorgan enter the market, it would likely concentrate on areas of existing expertise, such as interest rates, currencies, and commodities, instead of sports-related contracts.Dimon also characterized much of the industry as gambling rather than investment. “I think for the most part, it’s more like gambling,” he noted. “But there are areas where you could say, ‘No, it’s investing.’ You are deeply knowledgeable. You’re taking the other side of a bet. And you think … you know better than the other person.” Rising Interest Across Wall Street Traditional financial institutions are increasingly monitoring prediction markets despite ongoing regulatory scrutiny. While some critics view these contracts as unlicensed gambling, platform operators argue for federal regulation. Dimon expressed that he does not fundamentally oppose gambling, provided it does not lead to harmful consequences. “People have been gambling forever … every country I’ve ever been in, people gamble,” he observed. “I’m against it if it’s an addiction that ruins your life type thing.” He added: “I’m a little bit of a libertarian. You have the right to do what you want, the way you want. You know, just take care of yourself.”The broader industry continues to expand amidst this discussion. Intercontinental Exchange, which owns the NYSE, recently increased its stake in Polymarket to a $2.6 billion valuation. Meanwhile, Kalshi is developing margin trading capabilities to attract institutional investors. Additionally, JPMorgan is reportedly drafting internal rules for how its employees engage with prediction platforms. This aligns with Dimon's cautious stance: there is interest, but the bank is proceeding with care. 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.
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Harrah’s Reno Attracts Buyer Interest Amid Reno Revival Redevelopment

April 1, 2026
(AsiaGameHub) - The former Harrah’s Reno is once again the subject of market activity, though not as a returning casino resort, but as a redevelopment venture that may be attracting a new buyer. Madison Capital Group, which assumed control of the site following Chapter 11 bankruptcy proceedings late in 2024, reports that it has received inquiries regarding a potential sale even as site development continues. Key Takeaways Madison Capital Group has confirmed it has received an offer to purchase the entire Reno Revival project. Development work is proceeding regardless of whether a sale is finalized. The site has remained largely dormant since March 2020. Sale Interest Emerges Amid Ongoing Development While Madison Capital continues its fundraising efforts for the project, it is simultaneously evaluating interest from a prospective buyer. Ryan Hanks, CEO and founder of Madison Capital Group, noted during an investor webinar: “We’ve been … presented with an opportunity to sell the entire project.” He described the interested party as having a different profile than Madison, characterizing them as “a large family office that acts like an institution.” Hanks added that the potential buyer operates on a larger scale and appears more interested in long-term ownership, contrasting with Madison’s typical strategy of repositioning distressed assets for a later exit. Despite these discussions, Madison is maintaining its fundraising momentum. The firm continues to offer investment opportunities starting at $50,000, featuring a 15% annual guaranteed return, a holding period of one to two years, and 75% profit participation for preferred equity partners.Michael Culwell, a supervising partner at Irvine Advisors—which is collaborating with Madison Capital—emphasized that the project will move forward regardless of the outcome. “We’re not going to stop,” Culwell stated. “We’re going to continue moving forward because real estate deals don’t always close and we hate to waste 90 days or 120 days waiting around for something to happen when we could be moving forward with the project.” A New Vision for a Long-Dormant Property The site has been mostly vacant since March 2020, when Caesars Entertainment shuttered the facility following its merger with Eldorado Resorts, a move necessitated by regulatory caps on the number of properties the combined entity could operate. Harrah’s Reno debuted in October 1969 as the inaugural full-scale casino under the Harrah’s banner. The property features a 40,000-square-foot casino and 928 hotel rooms, and it has changed ownership multiple times since its closure. CAI Investments acquired the site in October 2020 for $41.5 million with plans for a mixed-use redevelopment, but progress stalled due to rising costs and COVID-19-related disruptions. In 2023, the property was sold to Gryphon Wealth Management, which also faced financial difficulties that ultimately led to bankruptcy before Madison Capital intervened.The project’s scope has evolved significantly. Previous iterations included plans for retail, office space, a grocery store, restaurants, and a country-themed nightclub. The current Reno Revival concept emphasizes residential and hotel components while retaining some hospitality and entertainment elements. The project's partnership structure has also changed. Boise-based developer Ahlquist joined the venture after Madison took over but departed in December, leaving Madison to manage the redevelopment internally. The initial phase is currently underway, featuring ground-floor dining and a gaming component managed by Las Vegas-based Fine Entertainment. Although previous owners had not intended to restore gaming, a limited return has already occurred with the November opening of The Mint, a boutique gaming venue featuring 18 machines. Located near the Reno Arch, the property remains one of downtown Reno’s most prominent landmarks. Its significance extends beyond the city, as Harrah’s Reno was the first casino hotel to carry the Harrah’s brand, which now encompasses 19 properties nationwide. The name also remains associated with the William F. Harrah’s College of Hospitality at the University of Nevada, Las Vegas. 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.
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Approximately 200 William Hill Betting Shops in the UK to Be Closed iGame

Approximately 200 William Hill Betting Shops in the UK to Be Closed

April 1, 2026
(AsiaGameHub) - Evoke, the operator of William Hill, is poised to close approximately 200 of its betting shops across the UK, with the initial closures slated to commence in May. This decision stems from the group grappling with increased operational costs, a more stringent tax environment, and an ongoing strategic review that could still lead to further modifications across the business. Good to Know Evoke intends to shut down about 200 outlets, which constitutes roughly 15% of its retail portfolio. The program for these closures is scheduled to begin in May. The broader strategic assessment might still encompass asset divestitures or other potential alternatives. Evoke Cuts Shops as Tax Pressure Builds The operator informed its staff on Tuesday that around 200 retail locations would be permanently closed. Evoke later confirmed this plan, stating that the closures are part of a wider strategic review that has been underway since December. This review extends beyond just the shops. The group has been evaluating options including a partial sale, a complete sale, and what it termed a “range of potential alternatives.” Consequently, while the closure plan is now clear, the ultimate outcome for the business remains undetermined. Pressure had been mounting for several months. Prior to the autumn budget, retail betting operators had warned that higher taxes could necessitate shop closures. When Chancellor Rachel Reeves confirmed a significant increase to Remote Gaming Duty and Remote Betting Duty, the threat became more immediate. Per Widerström, who served as chief executive at the time, subsequently confirmed in January that closures were forthcoming.One aspect of that tax change became effective today, while the increase in Remote Betting Duty is set to begin in April 2027. Evoke operates approximately 1,300 betting shops throughout the UK, making the planned reduction a substantial cut to the William Hill retail network. The company stated that the stores selected for closure are no longer viable under current market conditions. In a statement shared with iGaming.org, Evoke commented: “Following a comprehensive review and in light of increased cost pressures on the regulated sector, including significant tax increases announced by the government in last year’s autumn budget, we will be closing a number of shops that are no longer sustainable from May. “We are providing our full support to our retail colleagues who are impacted by these closures.“These decisions are never made lightly; however, in the face of rising cost pressures, we must take action to ensure we can continue to invest in our core retail estate, with the right shops, in the right locations.” Retail Betting Continues to Shrink Evoke is not an isolated case. Other major operators had previously cautioned that the tax increase could affect retail estates across the market. Betfred and Entain were among the groups that voiced concerns. Flutter also closed 57 shops in 2025 as the land-based betting sector continued to decline. 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.
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