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Soloviev Group and Mohegan propose $11.1bn Manhattan casino project

Licences & markets

Soloviev Group and Mohegan Gaming are proposing Freedom Plaza, an $11.1bn development in Midtown East Manhattan, as a contender for one of three downstate New York casino licences. The developers estimate annual economic output of $3.2bn; the project remains a proposal, with opponents raising concerns about addiction and gambling-related crime.

The proposal is among contenders for three downstate licences and includes projected investment and economic output figures.

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Licences & markets

Gibraltar grants two prediction market authorisations

Gibraltar has granted two prediction market authorisations, and the government says further applications are in progress. Justice, Trade and Industry Minister Nigel Feetham opened the Prediction Markets Summit Europe on 10 November and warned operators that Gibraltar authorisation does not permit them to offer products in every other country. Gibraltar’s regulations took effect on 13 July and require a separate authorisation for the activity.

Gibraltar’s government has issued two prediction market authorisations, with additional applications pending. Nigel Feetham, Gibraltar’s minister for justice, trade and industry, cautioned operators not to assume the authorisation permits sales in every other country.

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