Regulation
Pentagon restricts military prediction market trading as Congress widens VIP inquiry
The directive and widened inquiry raise compliance scrutiny for prediction-market operators and sportsbooks running VIP reward schemes.
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Reports
Regulation
Nevada Gaming Control Board chair says no plan B if Supreme Court backs prediction markets
Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
Regulation
Bryn Kenney seeks damages from GGPoker entities over alleged unpaid commissions
The dispute puts GGPoker’s alleged commission and equity arrangements, as well as platform security claims, before a court.
Regulation
MGC asks Massachusetts sportsbooks how they use AI
The inquiry could inform MGC policy on safeguards for AI use in sportsbook marketing and responsible gaming.
Deals & M&A
Caesars and MGM rule out prediction markets over Nevada licensing risks
Nevada licensing risks and regulatory warnings are keeping Caesars and MGM out of prediction markets.
Enforcement & compliance
UKGC issues licence warnings to seven Caesars Entertainment managers
The warnings and licence surrenders demonstrate the personal regulatory consequences for managers investigated over concerns about compliance with licence conditions.
Source: UKGC
Deals & M&A
MGM and Caesars avoid prediction markets over US casino licence concerns
Casino licensing concerns constrain MGM and Caesars while sportsbook competitors expand into prediction markets.
Deals & M&A
Casino chiefs reaffirm Las Vegas's role in US gambling at G2E
Wynn, MGM and Caesars chief executives reaffirmed Las Vegas's central role in US gambling.
Deals & M&A
MGM takeover bid collapses as Caesars’ $17.6bn deal progresses
Investors face contrasting casino transaction outcomes as an MGM takeover collapsed while the Caesars deal progressed.
Deals & M&A
Caesars shareholders approve Fertitta Entertainment acquisition proposal
Caesars investors have approved the proposed acquisition by Tilman and Paige Fertitta, advancing the purchase of the casino operator.
Deals & M&A
Caesars shareholders approve Fertitta Entertainment acquisition for $17.6bn
The acquisition would take Caesars private, but shareholder approval leaves regulatory and other closing conditions outstanding.
Regulation
Caesars seeks dismissal of Cayuga Nation sports betting lawsuit
Caesars seeks dismissal of a lawsuit alleging it accepted mobile sports bets without the Cayuga Nation’s consent.
Regulation
Caesars seeks dismissal of Cayuga Nation lawsuit over New York mobile wagers
Caesars’ dismissal request contests litigation alleging mobile wagers on the Cayuga Nation’s reservation without tribal consent.
Deals & M&A
Wohl & Fruchter examines proposed $17.6bn Caesars takeover
Renewed examination by Wohl & Fruchter concerns Fertitta Entertainment’s proposed Caesars acquisition at $31 per share.
Deals & M&A
Caesars denies data exposure amid FBI investigation into 153 million stolen ID scans
Caesars and Circa share identity-verification supplier IDScan.net, while Caesars denies data exposure amid the FBI investigation.
Deals & M&A
Caesars schedules shareholder vote on Fertitta Entertainment takeover offer for 22 September
Caesars shareholders will vote on Fertitta Entertainment’s proposed takeover at the shareholder meeting on 22 September.
Deals & M&A
Caesars Entertainment schedules shareholder vote on $17.6bn Fertitta buyout
Caesars shareholders will vote on Fertitta Entertainment’s proposed takeover, which would take the company private.
Deals & M&A
NFL selects Fanatics as official sportsbook partner
Fanatics gains official NFL sportsbook partner status, filling a category vacant since the league’s previous agreements expired.
Deals & M&A
Carl Icahn offers $34 per Caesars share in competing bid
Caesars received Icahn's $34-per-share proposal exceeding Fertitta's $31, though filings show no acceptance.
Regulation
New York online sportsbooks post $46.5m weekly revenue as handle stays below $400m
Gross revenue rose 66.7% week on week to $46.5m while handle reached $384.8m with 8.3% hold.
Regulation
Nevada rules require casinos to report cyberattacks within 24 hours
Nevada adopted cybersecurity rules requiring casinos to notify regulators within 24 hours of attacks.
Deals & M&A
Caesars narrows loss as regional strength offsets Las Vegas weakness
Caesars results show regional operations outperforming Las Vegas while Fertitta's take-private transaction remained pending.
Deals & M&A
Stifel expects no competing bid for Caesars
Stifel's Wieczynski considers a rival Caesars bid unlikely and the proposed buyout on course to close.
Deals & M&A
Caesars issues second-quarter figures without earnings call
Caesars released second-quarter results through a press statement without the usual executive earnings call.
Licences & markets
G2 Digital launches Vegas Club Casino in New Jersey with Caesars
The launch adds a Caesars-backed online casino brand in New Jersey, where internet gaming revenue reached $271m in June, up 17.5% year on year.