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(AsiaGameHub) -   Brightstar Lottery has released its financial results for Q1 2026, reporting steady revenue. The company also issued its FY 2026 forecasts, projecting an increase in adjusted EBITDA. The Company Started 2026 on a Strong Note Brightstar Lottery’s Q1 report showed revenue of $587 million for the three-month period ending March 31. This figure reflects a 1% year-over-year growth, driven by a 3.1% same-store increase in Italy and favorable mix dynamics in the US. Additionally, Brightstar narrowed its LMA shortfall, benefited from foreign currency translation gains, and saw higher service revenue amortization linked to its Italy Lotto license. The company’s income from continuing operations reached $63 million in Q1, compared to $8 million in Q1 2025, supported by various improvements including a lower provision for income taxes. Adjusted EBITDA rose 15% to $287 million, fueled by the aforementioned same-store sales growth in Italy, OPtiMa cost efficiencies, reduced LMA shortfall, and positive foreign exchange movements. These gains were partially offset by investments in human capital, the UK service contract transition, and inflationary pressures affecting postage and freight costs. On a per-share basis, the company recorded diluted earnings of $0.20, a significant improvement from a diluted loss of $0.11 in the prior-year period. Adjusted diluted earnings per share from continuing operations came in at $0.14, up from $0.09 in the previous year. As of March 31, Brightstar’s net debt stood at $2.8 billion, with a net debt leverage ratio of 2.4x. The company’s total liquidity was $2.8 billion, comprising $1.2 billion in unrestricted cash and $1.6 billion in additional borrowing capacity. The Forecasts Paint an Optimistic Picture Other highlights included a quarterly dividend of $0.23 per share, payable on June 11. Brightstar also disclosed that it made its final payment on the Italy Lotto license amounting to $1.67 billion, and successfully refinanced its revolving credit facility through March 2031, securing improved terms. Looking ahead, Brightstar forecasts full-year 2026 revenue between $2.5 billion and $2.55 billion. It expects adjusted EBITDA for 2026 to be in the range of $1.16–1.19 billion. Brightstar’s C-Suite Was Pleased Brenda Sadusky, chief executive officer of Brightstar, described the results as a strong start to 2026. She expressed satisfaction with the disciplined execution of the company’s strategic priorities and noted that investments in long-term growth initiatives are delivering tangible shareholder value. We’re on track with our multi-year goal of delivering accelerated sales and profit growth that we expect to create compelling, incremental value. Vince Sadusky, CEO, Brightstar Max Chiara, Brightstar’s chief financial officer, echoed this optimism, citing OPtiMa-driven cost savings and the effective balance between cost control and strategic initiatives as key accomplishments. Chiara emphasized that the company’s robust margin profile, strong cash generation, and ample liquidity position provide “substantial support” for ongoing capital allocation strategies. 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.

(AsiaGameHub) -   Legal hurdles are a daily occurrence for prediction markets. The most recent lawsuit targeting Kalshi has been initiated by a coalition of New Mexico tribes. Concurrently, legislators in Minnesota have passed a bill designed to outlaw various prediction markets, specifically those concerning elections and sports. The lawsuit was filed by the Mescalero Apache Tribe, Pueblo of Isleta, Pueblo of Pojoaque, and Pueblo of Sandia. They accuse Kalshi of breaching Indian gaming compacts through the provision of unlawful gaming operations. Tribes Allege Kalshi Facilitates Unlawful Sports Wagering Kalshi contends its platform differs from sports betting, citing that it neither functions as the house nor directly accepts wagers. This assertion has been dismissed by the tribes. “Determining if an activity qualifies as 'gaming' under IGRA is not contingent on whether participants wager against the 'house' or one another,” the lawsuit asserts. The filing also references a past statement from a Kalshi attorney: “Contracts pertaining to games are likely unsuitable for listing on an exchange, as they lack genuine economic utility.” It further notes, “The sports event contracts offered by Kalshi possess all the defining traits anticipated by sports bettors in gambling: moneyline bets (predicting the winner), over/unders (total combined points), point spreads (margin of victory), prop bets (specific in-game events), and parlays (combined outcomes).” Consequently, the tribes contend that sports prediction markets warrant classification as sports betting. Current New Mexico statutes restrict legal sports wagering to in-person transactions at tribal casinos. Varying Outcomes for Other Tribal Litigation This marks the third instance of tribal entities suing Kalshi, succeeding previous legal actions filed in California and Wisconsin last year. In Wisconsin, a judge denied Kalshi's request to dismiss the lawsuit filed by the Ho Chunk Nation, a case backed by tribal organizations nationwide. Meanwhile, the Ninth Circuit in California declined the tribes' motion to consolidate their appeal with a Nevada prediction market case.  The Blue Lake Rancheria, Chicken Ranch Rancheria of Me-Wuk Indians, and Picayune Rancheria of the Chukchansi Indians had petitioned the Ninth Circuit to route their appeal against Kalshi and Robinhood to the panel overseeing the Nevada litigation. Nevada has proven the most effective state in combating prediction markets, standing alone in compelling Kalshi to exit the market. “Given the substantial distinctions between this appeal and North American Derivatives Exchange, Inc. v. State of Nevada … the motion to transfer this appeal to the panel that heard argument in that matter … is DENIED,” a court order declared. Minnesota Enacts Prohibition on Sports Prediction Markets In other developments, Minnesota legislators have approved a bill specifically outlawing sports prediction markets. The House passed SF4760 with a 100-32 vote, following a prior 57-9 approval in the Senate. This legislation is part of a broader Public Safety policy package. The provisions addressing prediction markets would bar operators from facilitating contracts on the following topics: Sports & Games: Athletic competitions, individual player performance, and games utilizing cards, dice, or electronics. Crises & Disasters: Conflicts, emergencies, disasters, shootings, terror, and health crises. Human Events: Specific events involving individuals or groups. Government & Politics: Elections and behavior of officials/agencies. Legal Proceedings: Lawsuits, trials, settlements, verdicts. Violence & Mortality: Deaths, assassinations, mass casualty events. Weather: Short-term forecasts and environmental events. Pop Culture: Awards and release dates. Statements: Forecasts regarding specific utterances by individuals. The bill now awaits the signature of Governor Tim Walz. Upon enactment, state officials would gain the authority to issue cease-and-desist orders to non-compliant firms. Kalshi is a probable target for such an order and would likely retaliate by filing suit against the state. Kalshi maintains that state regulations are inapplicable, asserting that its operations fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC). The CFTC has pledged to support licensed operators and has intervened in legal battles across multiple states. The controversy surrounding the legality of sports prediction markets persists. Attorney Melinda Roth remarked this week that while the CFTC is the fitting regulator for sports-event contracts, the final decision on lawfulness rests with the Supreme Court. A ruling is not anticipated before 2027. Until then, anticipate continued litigation and legislative attempts to curb activities viewed by many as illicit sports betting. 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.

(AsiaGameHub) -   The UK government has shared more information about the responsibilities of its newly established Illegal Gambling Taskforce. This announcement follows the UK Gambling Commission’s search for a new head to lead efforts against illegal markets. Government Outlines Taskforce Responsibilities Launched earlier this year, the Illegal Gambling Taskforce was created in response to the expanding black market in gambling. Its membership includes representatives from regulated gambling operators, regulatory agencies, financial institutions, and major technology companies such as Google. The government has now outlined how the taskforce will function, stating it will pursue three primary objectives: disrupting financial flows linked to illegal gambling, curbing advertisements for illicit platforms, and assisting law enforcement actions against unregulated operators. Each goal will be managed by a dedicated sub-group within the taskforce, which must regularly report on progress and suggest improvements to the overall body. While the identities of the taskforce members have not been disclosed, the government confirmed that Baroness Fiona Twycross will serve as chair. Members are expected to help achieve the taskforce’s aims and contribute to non-legislative advancements in advertising and payment systems. Nevertheless, the government stressed that the Illegal Gambling Taskforce is not intended to replace the UK Gambling Commission (UKGC). Instead, it will support the commission by developing strategies to curb the growth of the illegal gambling sector without interfering directly in the UKGC’s operations. UKGC Seeks New Head for Illegal Markets Unit Meanwhile, the UKGC announced it is recruiting for a new role overseeing illegal markets. The position is a full-time job offering an annual salary of £65,000, with the possibility of a part-time arrangement. The regulator specified that candidates should possess strong leadership abilities, technical expertise, and experience collaborating with legal teams. Desirable qualifications include SIO, CPIA, PACE, or POCA certifications, background in working with covert authorities, and proven success in disrupting illegal gambling markets. A solid understanding of the gaming industry is also required. Applications are being accepted until May 24, though candidates must note they will be prohibited from participating in the National Lottery if selected for the role. 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.

(AsiaGameHub) -   Gambling in Oklahoma is set to remain in a gray area for the foreseeable future, as Governor Kevin Stitt vetoed a ban on sweepstakes casinos. The move follows lawmakers’ rejection of legislation to legalize sports betting in the state. Both the House and Senate passed the bill explicitly banning sweepstakes casinos. The Senate approved SB1589 in a 48-0 vote at the start of March, while the House voted 65-21 in favor of the bill last week. Gov. Stitt, however, went against the consensus and vetoed the new law on Monday. The governor did not issue an official statement explaining why he shot down the legislation. He posted on X that he weighed “each bill with care and intention, thinking of the families, communities, and future generations who will be impacted.” As I complete my final bill review meetings as Governor, I am filled with a deep sense of gratitude. The process has meant weighing each bill with care and intention, thinking of the families, communities, and future generations who will be impacted. What a privilege this… pic.twitter.com/pUOuSPhS6B— Governor Kevin Stitt (@GovStitt) May 13, 2026 Having been elected in 2018, Gov. Stitt’s term in office will come to an end in January next year. He has strongly opposed expanding gambling in the state through tribal compacts, stating that he would veto any bills that grant a monopoly to tribes. The veto on the sweepstakes ban may be a fear that it would similarly strengthen the tribes’ exclusive rights to offer gambling in Oklahoma. Bill Would Have Prohibited Dual-Currency Gambling The legislation would have explicitly prohibited platforms from offering online casino games through dual currencies. However, it carved out an exception “as provided in the Oklahoma Charity Games Act or asotherwise authorized to be conducted on Indian lands in compliance with the Indian Gaming Regulatory Act.” This part of the legislation is perhaps what made Gov. Stitt refuse to sign the ban into law. In theory, it could have allowed tribes to launch online casino games using dual currencies. Non-tribal groups that ran sweepstakes casinos would have faced a Class C2 felony, with fines of $500 to $2,000 and potential imprisonment. Tribal Push For Sports Betting Also Rejected Gov. Stitt has also been vocal about vetoing any legislation that would grant tribes the right to offer sports betting. “I will absolutely veto any bill that creates a monopoly or protects one at the expense of a fair, open market,” Stitt said. “We need a plan that works for all four million Oklahomans, not just a few special interests.” Lawmakers came closer than ever to legalizing sports betting in Oklahoma, which remains one of the few states without any legal retail or online sports wagering. However, the legislation did not reach Gov. Stitt’s desk. The House approved HB1047 in a 62-31 vote at the end of March, but the Senate voted it down in a 27-21 vote last month. The bill proposed allowing tribes to offer both in-person and online sports betting through commercial partners such as DraftKings and FanDuel. Tribes would have kept the majority of the revenue but would have given 8% of earnings back to the state. New Governor Could See Change in Laws As Gov. Stitt’s term in office comes to an end, a new Governor could see the state finally legalize sports betting. Kalshi currently gives the Republican Party a 92.7% chance of winning the gubernatorial race. Candidates include Attorney General Gentner Drummond, who has opposed sports prediction markets. “This is unequivocally gambling, which means it belongs under State authority,” Drummond said. “States have long had the right and responsibility to protect their own citizens from the dangers of gambling, and that should continue to hold true whether bets take place on a prediction market or inside a traditional casino.” This stance suggests he may favor legalizing sports betting with state authority, whether that is through the tribes remains to be seen. A survey last year showed he is the leading candidate with 35% of voter support, just ahead of Charles McCall at 33%. McCall has historically supported a Tribal-centric model. He believes the path to legal sports betting must go through the existing tribal gaming compacts, as the tribes are the state’s long-term partners. Either way, Oklahomans can continue using unregulated sweepstakes casinos and prediction markets, but are forbidden from accessing legal sportsbooks for the foreseeable future. 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.

(AsiaGameHub) -   Despite global geopolitical concerns, the US gaming sector continues to experience strong growth. In its latest State of the States 2026: The AGA Survey of the Commercial Casino Industry, the American Gaming Association (AGA) reported another year of record-setting revenues for the industry, with total income reaching an all-time high of $78.6 billion in 2025, marking a 9.1% increase compared to the previous year. Industry Maintains Strong Performance Amid Rising Uncertainty  The industry contributed $17.9 billion in tax revenue to state and local governments, while supporting 1.8 million jobs nationwide, solidifying its position as one of the largest economic sectors in the United States.  The survey covers the 38 states and jurisdictions operating commercial casino gaming or sports betting—or both. In response to these findings, AGA president and CEO Bill Miller commented: “These results are particularly significant given the economic instability that defined much of 2025. They demonstrate the lasting appeal of legal, regulated gaming as entertainment and reflect the resilience of the American gaming model we’ve developed together over decades.” AGA president and CEO Bill Miller These remarks followed closely behind the trade group’s release of its annual industry outlook report, in which gaming executives expressed cautious optimism about the future. While they acknowledged challenges such as inflationary wage pressures, ongoing geopolitical tensions, and evolving regulatory landscapes, their overall sentiment remained positive. “Through collaboration with state and tribal regulators, attorneys general, and law enforcement agencies, we successfully halted the expansion of sweepstakes casinos and pushed them out of numerous key markets,” Miller said in reference to the latest survey results. The organization’s leader did not use the occasion to reiterate AGA’s opposition to the rapidly growing prediction markets sector, despite prior warnings about its potential impact on traditional gaming operations. AGA Intensifies Criticism of Prediction Markets He described the issue as a critical battle central to the integrity of the American gaming system, arguing that the prediction market industry lacks sufficient consumer safeguards and responsible gambling measures to ensure player protection. “We mobilized stakeholders across the industry and allied partners to confront the escalating threat posed by prediction markets offering sports betting outside the framework of established state and tribal gaming regulations,” he added. However, not all gaming companies share this stance. DraftKings, Fanatics, and FanDuel have all terminated their affiliations with the AGA due to its aggressive approach toward the prediction markets. These firms—alongside others—are actively pursuing growth in the sector, viewing it as an inevitable evolution in the industry’s future. Miller’s skepticism has extended beyond policy debates; most recently, he publicly mocked the head of the Commodity Futures Trading Commission (CFTC), referring to him as “a joke.” 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.

(AsiaGameHub) -   DraftKings is expanding its presence in the prediction markets sector. The company has introduced a **new parlay-like feature named Combos**, which allows for **combining several event contracts into one trade**. This move signifies a significant progression in DraftKings' strategy to integrate sportsbook-style functionalities into its expanding Predictions platform. This latest DraftKings product is being **launched utilizing Crypto.com’s exchange infrastructure**, which currently facilitates comparable bundled prediction offerings. What Can Users Expect? Through Combos, users have the ability to **choose and merge up to six distinct event contracts** into a single position. Similar to conventional sportsbook parlays, all selections must be correct for the entire combo to yield a payout. Nevertheless, there is a restriction, as the feature does not encompass all markets. For instance, sports like **tennis** and **PGA Tour events**, alongside **elections, cryptocurrency, and commodities,** are excluded. This limitation suggests DraftKings' emphasis on specific sports-related outcomes rather than a wider range of speculative markets. This launch comes after statements from **DraftKings chief executive Jason Robins**, who recently informed investors that combo-style products were anticipated within weeks. He characterized these as integral to a wider strategy designed to incorporate prediction markets into the company’s long-term “Super App” vision, alongside market-making functionalities and a proposed proprietary exchange. Robins has also reaffirmed the **significant user engagement** observed in US states where conventional sports betting remains illegal, positioning Predictions as a means to attract new customers beyond regulated markets. The company views this sector as a crucial growth catalyst as it broadens its digital ecosystem. New Fees Amid Ongoing Growth In addition to the new feature, DraftKings has also unveiled a **standardized fee structure** for **event contracts**, with charges varying from **one to two cents**, depending on contract pricing tiers. The company further clarified that these charges will encompass exchange and commission expenses. The operator additionally disclosed robust growth figures for its Predictions business, indicating over **$1 billion in annualized consumer volume** and more than **$2.3 billion in total annualized trading volume**. Company executives stated that this segment is experiencing rapid growth and drawing users with reduced acquisition costs following its integration into the wider app ecosystem. 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.

(AsiaGameHub) -   A 33-year-old man from Prescott, Arizona, US, has been convicted in a cartel kidnapping hoax that could rival any Hollywood movie script. However, instead of serving his sentence, M.M.E. is currently the target of a manhunt by authorities after he fled before the legal proceedings could be carried out. He Demanded $17,000 from Employer The man, who was convicted by a Yavapai County jury on May 7, 2026, is accused of staging his own kidnapping and demanding a fake ransom from his employer. E.'s charges include alleged kidnapping with false ransom demands as well as fake claims of abduction by a Mexican cartel. In January 2025, the man reportedly sent several text messages claiming he was held captive in a basement by cartel members. The alleged kidnappers, according to E., also threatened to take his life unless they received over $17,000. More specifically, E. said the money should be transferred into his bank account. To make the situation appear more realistic, he even called his employer via FaceTime from the supposed basement where he claimed to be held against his will. Prosecutors later determined that the so-called "basement" was actually the garage of the home he shared with his girlfriend. According to authorities, the woman was unaware of the scheme. Trying to Cover Gambling Debt The employer contacted the police, leading to an investigation by the Yavapai County Sheriff's Office. E. eventually admitted that he fabricated the kidnapping story in a desperate attempt to pay off significant gambling debts. According to the Yavapai County Attorney's Office, the man had lost over $15,000 gambling before the garage hoax. Investigators also discovered drug paraphernalia during their investigation. E. admitted to using methamphetamine around the time of the alleged kidnapping. County prosecutor for Yavapai County, Dennis McGrane: “My office will always vigorously prosecute people who try to defraud others or take criminal advantage of someone else's kindness.” “If Mr. E. had taken personal responsibility for his drug and gambling problem and sought treatment, he would not be facing prison,” McGrane added. “I encourage anyone with a drug or gambling addiction to seek treatment before it ruins your life and the lives of your family.” After being found guilty of multiple charges, including attempted fraud schemes and attempted theft, E. disappeared before his sentencing, under still unclear circumstances. The authorities have now issued a warrant for his arrest. The attorney's office has confirmed that the man will receive a sentencing date once he is rearrested. The public is asked to share any helpful information on the man's whereabouts. 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.

(AsiaGameHub) -   MegawaysCasino has re-entered the global market, continuing its brand relaunch. The SkillOnNet iGaming property initially launched in the United Kingdom in August, but is now expanding internationally, facilitated by a Malta Gaming Authority (MGA) license. Building on UK Success, SkillOnNet Expands MegawaysCasino Worldwide Regarding the latest phase of expansion for the MegawaysCasino brand, SkillOnNet Country Manager, Giordana Anticoli Kalifa, stated: “MegawaysCasino has achieved outstanding performance in the UK, and it soon became evident that significant demand existed for this offering in other regulated jurisdictions.” SkillOnNet has overhauled and relaunched the casino with the slogan “Play the Mega Way,” enhancing the brand’s visibility and market penetration, and tailoring it for contemporary players. Subsequent to its initial launch in the United Kingdom, SkillOnNet is now confident that the appeal of the Megaways mechanic aligns well with its global expansion strategy via a specialized brand. Megaways is a mechanic developed by Big Time Gaming, providing up to 117,649 potential winning combinations per spin, positioning it as a highly engaging offering in the market. The brand is additionally supported by SkillOnNet’s in-house technology, designed to deliver a similarly satisfying user experience and robust technical performance. Furthermore, MegawaysCasino possesses another distinctive feature. Players Have Access To Hundreds of Megaways Games As the Megaways mechanic is licensed to prominent studios throughout the industry, a vast array of hundreds of specialized games is already available, including popular titles like Monopoly Megaways, Extra Chilli Megaways, Rasputin Megaways, and Bonanza. “With Megaways immensely popular globally, our expansion under the MGA license enables us to introduce this renowned product to a wider player base, ensuring safety and full regulatory compliance. This marks merely the commencement of our international expansion,” Kalifa concluded. 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.