(AsiaGameHub) - Brazil has officially declared prediction markets unlawful, closing off access for operators like Polymarket in Latin America’s largest market. The announcement followed the National Monetary Council’s approval of a resolution that restricts which products qualify as derivatives.
Good to Know
Brazil stated that prediction markets cannot operate under derivatives regulations.
Anatel has already blocked 28 platforms offering event contracts.
The government notes that Law 14.790 only covers fixed odds betting and online games.
Brazil Affirms Event Contracts Lie Outside Legal Betting Guidelines
Brazilian Finance Minister Dario Durigan and Miriam Belchior, Chief of Staff for the Presidency, announced the decision on Friday. The National Monetary Council’s resolution specifies that sports events, virtual gaming events, political outcomes, elections, social events, cultural activities, entertainment events, and similar results cannot serve as underlying assets for derivatives contracts.
This decision prevents prediction market operators from using financial market terminology to offer event contracts in Brazil. Instead, officials say these products resemble betting but fall outside the legal framework established for fixed odds betting and online gaming.
Belchior said:“Now, we are announcing that prediction markets will not be allowed in Brazil. We do not want to expose Brazilians to risks and financial losses.”
Enforcement actions have already begun. Anatel, Brazil’s national telecommunications agency, has blocked 28 prediction market platforms and plans to block new operators attempting to enter the country.
Durigan noted that the same approach used against illegal betting sites will apply here. Since the regulated online gambling market launched in January 2025, Brazil has blocked 39,000 unlicensed betting sites. He said the goal is to stop all illegal betting offerings, including products based on weather, politics, or other real-world events.
He said:“The product offered by these platforms is not eligible for regulation. The blocking action is due to non-compliance with the legislation. This market is not provided for in the legislation, and it will not be permitted for anyone to bet on whether it will rain tomorrow or not.”
Regis Dudena, Secretary of Economic Reforms, explained that Brazil’s betting rules were designed to organize a specific activity, not every type of event wager. He added that betting outside sports and online games remains prohibited.
Daniele Correa Cardoso, Secretary of Prizes and Betting, stated that authorized fixed odds betting platforms must follow existing public service rules. She added that prediction markets entered Brazil as bets disguised as derivatives, a model the government has not recognized.
This decision adds another layer to Brazil’s betting regulation following the 2025 launch of the legal online market. It also gives regulators a clearer basis to act against event contract platforms before they build scale among Brazilian users.
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(AsiaGameHub) - Boyd Gaming recorded a modest increase in revenue for the first quarter of 2026, overcoming headwinds from a softer Southern Nevada market and ongoing casino renovations. Revenue climbed to $997.4 million from $991.6 million in the prior-year period.
Good to Know
Boyd Gaming's Q1 revenue increased marginally to $997.4 million.
Net income dropped to $105.5 million, and adjusted EBITDAR decreased to $317.4 million.
Performance in Southern Nevada was impacted by reduced visitor demand and renovation activity at Suncoast.
Midwest Growth Helps Balance Las Vegas Pressure
Boyd Gaming experienced mixed performance across its properties during the quarter. Net income was $105.5 million, or $1.37 per share, versus $111.4 million, or $1.31 per share, in Q1 2025. Adjusted earnings decreased to $123.1 million, or $1.60 per share, from $137.7 million, or $1.62 per share. Total adjusted EBITDAR declined to $317.4 million from $337.5 million.
CEO Keith Smith stated:
“Our first-quarter performance demonstrates the advantages of our diversified operations, our effective drive for operational efficiency, and our continuing capital investment strategy.”The company achieved higher property-level revenue and adjusted EBITDAR, maintaining margins exceeding 39%. Smith highlighted more robust play from core and retail customers, particularly in the Midwest and South regions. This segment gained from recent capital expenditures, increased customer engagement, and a more favorable comparison to weather-related disruptions a year ago.
The online segment contributed positively to the quarter's results. Boyd noted that iGaming activities and third-party market access deals fueled digital expansion, continuing patterns observed in the latter half of 2025. Managed and Other revenue also saw an uptick due to increased management fees from the Sky River Casino in Northern California.
The situation in Southern Nevada contrasted with other regions. CFO Josh Hirsberg reported that the Las Vegas locals market declined by approximately $6.5 million compared to the previous year. Smith attributed this challenge to a drop in tourist visitation, with The Orleans property experiencing the most significant effect.
Renovations at the Suncoast created additional pressure. Construction moved into higher-traffic areas of the casino floor during the quarter, and the company anticipates the disruptions will persist until the project concludes late in the third quarter.Despite these challenges, Boyd continued to invest in its portfolio. The firm launched the Cadence Crossing Casino in Henderson on March 25, marking its first new build in over two decades. Smith reported that early customer feedback has been very positive.
Further developments are in the pipeline. Boyd is working on a $750 million resort project in Virginia and has secured regulatory clearance for an expansion and upgrade of Par-A-Dice in Illinois, where construction is slated to begin next year.
In Southern Nevada, Boyd is revamping the Suncoast casino floor and enhancing its dining and communal areas. A guest room renovation at The Orleans is scheduled for completion later in 2026, with a similar project at Suncoast to follow in the summer. The company also intends to commence a broader modernization of The Orleans in 2027.
During the quarter, Boyd introduced new dining options at Gold Coast, with additional upgrades planned for Fremont, Aliante, and Sam’s Town. The company also underscored the long-term vitality of the Southern Nevada market, where the population grew steadily over the last ten years to reach 2.4 million in the previous year.
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(AsiaGameHub) - Penn Entertainment kicked off 2026 with rising demand at retail locations and improved iCasino performance. The firm reported first-quarter revenue of $1.4 billion, with segment adjusted EBITDAR reaching $471.4 million.
Good to Know
Penn noted that Q1 saw its most significant retail expansion in three years.
The interactive division recorded $358.3 million in revenue alongside a $10.8 million adjusted EBITDA loss.
theScore Bet is preparing for its mobile sports wagering and iCasino debut in Alberta.
Retail Locations and iCasino Drive Penn’s Q1 Performance
Penn Entertainment experienced a surge in foot traffic at its regional properties, with guests spending more during their visits. CEO Jay Snowden highlighted that increased attendance and higher spending levels resulted in the most substantial quarterly growth for rated customer segments in three years.
Snowden remarked:
“Higher visitation rates and increased spending per guest across the company drove year-over-year growth in theoretical revenue for all rated segments, marking our best quarterly gain in three years.”Adjusted EBITDAR for the retail segment also saw year-over-year improvement, with steady demand persisting through April. Penn has directed capital toward several sites, including the M Resort in Nevada, Ameristar Black Hawk in Colorado, Hollywood Columbus in Ohio, and Hollywood Casino Aurora in Illinois.
Regional casinos continue to serve as a vital foundation for Penn, as many patrons reside near the venues. Snowden pointed out that the majority of regional guests live within a 30-minute commute, which helps mitigate the impact of rising costs like gasoline.
The company also highlighted improved performance from its digital wing. While the interactive segment brought in $358.3 million in revenue, it saw a $10.8 million adjusted EBITDA loss, which management attributed partly to expenses related to the upcoming launch of theScore Bet in Alberta.
The digital approach is now prioritizing iCasino more heavily. Penn reported a roughly 15% year-over-year increase in iCasino revenue, with standalone iCasino operations hitting record quarterly revenue in Q1 and a monthly peak in March.Chief Technology Officer Aaron LaBerge noted that while online sports betting has been more sluggish, online casino growth remains robust. He explained that the company has scaled back marketing in states that only offer sports betting, focusing instead on "hybrid" states that permit both iCasino and sports wagering.
Penn anticipates that Alberta will serve as a new growth engine for theScore Bet. Having secured regulatory approval from Alberta Gaming, Liquor, and Cannabis, the company plans to offer both mobile sports betting and iCasino. Snowden mentioned that based on their Ontario experience, they expect to capture a similar market share in Alberta.
Snowden characterized 2026 as a year dedicated to operational execution, generating free cash flow, reducing corporate expenses, and maintaining disciplined capital allocation.
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(AsiaGameHub) - Next month, S&K Gaming will open 400 Horses Casino in Polson, Montana, launching a new tribal gaming property that features over 300 gaming machines, a full-service restaurant, and more than 75 new job openings.
Good to Know
The grand opening is scheduled for May 5 at 2 p.m.
The casino spans 34,000 square feet and is located off Irvine Flats Road.
60% of the casino’s revenue goes back to tribal communities to fund social services.
400 Horses Casino Brings New Tribal Gaming Space to Polson
The new 400 Horses Casino is located on a 79-acre tribal land parcel, with approximately 10 acres of that tract leased for the casino project. The land was incorporated into the city of Polson in 2023, which allows the casino to connect to municipal water and sewer systems instead of relying on a private well or septic drain field.
Construction kicked off on April 9, 2025, after final project plans received approval in late 2024. The development has been in motion since 2021, operated under the enterprise structure of the Confederated Salish and Kootenai Tribes.
Inside the venue, S&K Gaming will offer Class II slot machines and electronic table games. Live table games are not planned for the casino’s launch. The casino will open with more than 300 gaming machines, and an additional 100 machines are expected to be added later. — Why Does Montana Have So Many Casinos? —
The property also includes 371 Bar and Grill, a 70-seat restaurant with both indoor and patio dining that overlooks Flathead Lake. Chef Pedro Vera, former executive chef at Finley Point Grill, will lead the restaurant’s kitchen. The restaurant will keep extended hours that align with the casino’s operating schedule.
S&K Gaming designed the new site to fix layout problems at Kwataqnuk Resort & Casino, where gaming areas were added after the hotel was originally constructed. The company also drew on experience from Gray Wolf Peak Casino to create a more efficient floor plan for the new location.
Traffic improvements around the site are still part of the full project. S&K Gaming has partnered with the Montana Department of Transportation on road realignment and new turn lanes, though some upgrades may be completed after the casino opens.The name 400 Horses came from community input and honors Chief Alexander, a central leader in the formation of the Confederated Salish and Kootenai Tribes. Chief Alexander, also known as No Horses, was reported to own roughly 400 horses in the later years of his life.
After the Polson casino opens, S&K Gaming plans to renovate Kwataqnuk Resort, with a focus on updating the property to be more family friendly.
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(AsiaGameHub) - Thursday night’s NFL Draft betting kept fans plenty engaged, but sportsbooks faced a tougher go of it. Multiple first-round surprises allowed bettors to cash in on prop markets, while both Circa and BetMGM posted mixed results across player draft position, team selection, and top 10 betting markets.
Good to Know
Circa took another loss on NFL Draft betting, though the overall damage remained manageable.
BetMGM paid out bettors who wagered on Jeremiyah Love at No. 3 and Ty Simpson being selected by the Rams.
Long-shot picks including Mansoor Delane at No. 6 and Carnell Tate at No. 4 delivered sharp, profitable results for bettors.
Bettors Score Big on Multiple NFL Draft Prop Bets
Per Mike Palm, vice president of operations for Circa, The D, and Golden Gate sportsbooks in Las Vegas, Circa had another losing NFL Draft. The operator took relatively smaller hits when Notre Dame running back Jeremiyah Love went third overall to the Arizona Cardinals and Alabama quarterback Ty Simpson landed with the Los Angeles Rams at No. 13.
The more challenging result came from Tennessee cornerback Jermod McCoy. Bettors backed the over on his draft position, and he fell outside the first round. Circa also paid bettors who took the under on LSU cornerback Mansoor Delane after the Kansas City Chiefs traded up to No. 6 to select him.
Utah offensive tackle Spencer Fano gave Circa one of its few positive results. Cleveland took him ninth overall, which helped the sportsbook on the under bet, but winning opportunities remained limited.
BetMGM also described draft night as uneven. Fernando Mendoza going first overall gave the book a strong result after his odds opened at +10,000 and later sat at -10,000 for an extended stretch. However, wagers on Love at No. 3 and Simpson to the Rams both went against the sportsbook.
Simpson also helped bettors cash in on the over 1.5 quarterbacks in the first round prop. He had been +800 to go to the Rams and closed with a draft position of 29.5. The under hit easily. BetMGM did retain wager volume on another popular Simpson market, as the Steelers did not take him at +1,600.
Love drew heavy betting interest ahead of the draft. His odds to go third overall were +800 a week earlier, then closed at -110. He also led the No. 3 pick market with more than 30% of the total handle. Later, Seattle took his Notre Dame teammate Jadarian Price with the last pick of the first round, helping the over 1.5 running backs prop cash with 87% of bets and 61% of the total money behind it.
The No. 2 pick market also brought heavy action at BetMGM. The New York Jets took Texas Tech pass rusher David Bailey, who closed at +175. Ohio State pass rusher Arvell Reese had moved from +115 on Thursday morning to -250 before the draft, but he went fifth to the Giants at +2,000.
Delane created one of the biggest long-shot results for bettors. BetMGM had him as high as +10,000 to go sixth overall, and he still sat at +4,000 on Wednesday with limited tickets and handle. Ohio State receiver Carnell Tate also hurt the book when Tennessee took him fourth overall. BetMGM had offered +5,000 on Tate that day, while Love had been the clear favorite for that pick.
BetMGM avoided larger payouts across a few other markets. San Diego State cornerback Chris Johnson was the only one of the three most heavily wagered first-round players to get picked on Thursday, with Miami taking him at No. 27. Texas Tech linebacker Jacob Rodriguez led by ticket share, while Iowa offensive tackle Gennings Dunker also drew interest but missed the first round.
Top 10 betting went better for BetMGM. Arizona State receiver Jordan Styles went eighth to the New Orleans Saints at -500, but USC receiver Makai Lemon fell to No. 20 after Philadelphia acquired the pick from Dallas. Lemon had been the most bet player by tickets to go in the top 10 at +850.
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(AsiaGameHub) - Lawmakers in Minnesota have advanced a bill to ban prediction markets—potentially the first state-level legislative prohibition of its kind in the U.S. The Senate Finance Committee approved the measure unanimously on Friday, sending it to the full Senate for consideration.
Good to Know
The legislation targets prediction markets linked to sports, politics, court decisions, legislative actions, and violent incidents.
Legal retail or online sports betting is not permitted in Minnesota.
Prediction market operators will likely challenge the bill in court if it becomes law.
Minnesota Focuses on Event Contracts Ahead of Senate Vote
Sen. John Marty is pushing the bill as a way to clarify Minnesota’s gambling laws. He argues that prediction market companies use federal commodities rules to frame event contracts as investment products, while marketing them to consumers as wagers on real-world outcomes.
The bill now awaits a vote on the Senate floor. If senators pass it, the House must also approve the measure before it can become law.
The proposal covers a wide range of event contracts. Sports contests, elections, legislative actions, court rulings, and events involving death or violence would all fall under the ban. However, Minnesota will still allow existing exceptions like the state lottery, raffles, and limited social betting—including informal March Madness pools.The legislation also narrows protections for futures contracts. Under the bill, a futures product would lose its exemption if a company structures or markets it like a betting product.
Marty told the Senate Finance Committee that prediction markets have spread quickly, creating confusion over where investing ends and gambling begins. He also noted that the measure does not add new criminal penalties or fresh enforcement powers. Instead, supporters say it gives regulators clearer ground to stand on under current law.
A legal fight is likely. Prediction market operators, and possibly federal officials, have argued that federal regulators hold exclusive authority over these platforms. Minnesota would thus test how far state gambling laws can extend against event contracts.
The debate also comes as Minnesota remains one of 11 states without legal retail or online sportsbooks. A sports betting legalization bill introduced during the current legislative session has made little progress and appears unlikely to pass.
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(AsiaGameHub) - Tennessee legislators have given the green light to SB 2136, legislation designed to prohibit sweepstakes casinos and internet-based casino-style platforms utilizing virtual currency systems. The proposal is now moving through the formal enrollment process prior to arriving at the desk of Gov. Bill Lee.
Key Points
Following the resolution of the final wording by House and Senate members, SB 2136 successfully passed both legislative chambers.
This legislation specifically targets sweepstakes casino applications that operate on virtual or multi-currency frameworks.
Once the bill is delivered to him, Gov. Bill Lee will have a 10-day window to take action.
SB 2136 Reinstates Sweepstakes Casino Language in Tennessee
Tennessee is poised to potentially become the latest state to outlaw sweepstakes casinos. On Thursday, legislators sanctioned an updated iteration of SB 2136 after a joint committee composed of House and Senate members resolved prior disputes regarding the text.
The legislation zeroes in on digital applications that mimic the appearance and functionality of traditional casino gambling sites. It encompasses mobile apps where participants utilize virtual currencies—such as complimentary credits that can subsequently be exchanged for monetary rewards or prizes.
The Senate initially approved a previous iteration of the bill in March without any dissent. Subsequently, the House altered the proposal by eliminating explicit mentions of sweepstakes casinos and shifting focus toward general gambling enforcement. Since Senators declined to accept that version, both chambers appointed delegates to a committee to formulate a unified final text.The legislation that was ultimately passed reintroduces the specific language regarding sweepstakes gaming. Furthermore, it categorizes infractions under the Tennessee Consumer Protection Act of 1977, providing officials with an additional legal avenue to target operators and advertisers.
Pursuant to SB 2136, operating or advertising the specified sweepstakes casino platforms would be classified as a felony offense. In addition to gambling allegations, regulatory bodies and prosecutors would have the authority to pursue civil fines. The statute is set to go into force instantly once it is enacted.
The decision now rests with Gov. Bill Lee. Should he fail to sign or veto the bill within 10 days of its receipt, SB 2136 will automatically be enacted into law without his signature.
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(AsiaGameHub) - Las Vegas Sands announced improved first-quarter performance, driven by increased revenue, enhanced gaming activity, and stronger earnings from its operations in both Macau and Singapore. The company's net income saw a 57.1% surge to $641 million, and total net revenue grew by 25.3% year-over-year to $3.59 billion.
Good to Know
Las Vegas Sands exceeded analyst forecasts, reporting adjusted earnings of 91 cents per share.
Revenue from Macau grew 23.7% to $2.11 billion, with The Londoner Macao and The Venetian Macao as the primary contributors.
Revenue at Marina Bay Sands increased by 27.9% to $1.49 billion, bolstered by robust gaming demand and elevated room rates.
Macau And Singapore Lift Las Vegas Sands Q1 Results
Adjusted earnings per share came in at 91 cents, surpassing analyst projections of 78 cents. The consolidated adjusted property EBITDA also increased by 24.6% to $1.42 billion, underscoring the significant role of Asian demand in the quarter's success.
Macau continued to be the primary revenue driver. Sands China recorded a 45.5% jump in net income to $294 million, with regional revenue hitting $2.11 billion. Gaming demand was supported by tourist activity during the Lunar New Year period, and all five of the company's integrated resorts in Macau reported revenue growth.
Within the Macau portfolio, The Londoner Macao was the top performer with revenue of $754 million. It was followed by The Venetian Macao, which generated $710 million. The Plaza Macao and Four Seasons Macao produced $290 million, while The Parisian Macao reached $229 million and Sands Macao contributed $93 million.Adjusted property EBITDA for Macau climbed to $633 million, although the margin softened to 29.9% from 31.3% the previous year. Despite this, the region provided a solid foundation for the company's first-quarter expansion.
Singapore provided additional momentum. Marina Bay Sands reported revenue of $1.49 billion, a 27.9% year-on-year increase. Its adjusted property EBITDA grew 30.2% to $788 million, achieving a margin of 53.0%. This result was fueled by higher rolling chip volume, increased mass gaming and slot play, as well as higher room rates and strong occupancy levels.
During the quarter, Las Vegas Sands also returned capital to shareholders. The company bought back $740 million of its common stock and maintained its dividend payment.
The management team is concentrating on the planned IR2 expansion in Singapore. The Marina Bay Sands project is set to include new luxury suites, along with entertainment, dining, and event facilities. Construction is slated for completion in 2030, with an opening anticipated in 2031. The company recently granted a multi-billion-dollar construction contract to Singapore-based builder Woh Hup.The company also noted that current capacity constraints are becoming more apparent as premium visitor numbers increase. While VIP demand fluctuates with customer mix, management continues to regard mass gaming and slot play as the central profit engines for Marina Bay Sands.
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(AsiaGameHub) - BetVictor has introduced a new brand campaign titled “For All Your Favourite Things,” which focuses on sports, betting, and the typical weekend routines of supporters. This initiative also marks the first project delivered by Barn Door Studios and Bountiful Cow after their recent collaboration with the brand.
Good to Know
This campaign represents BetVictor's most significant investment in audio-visual media so far.
The advertising will appear on Sky, ITVX, Channel 4, Prime Video, Netflix, YouTube, as well as various digital and social media platforms.
Key Premier League matches like Arsenal vs Newcastle and Chelsea vs Leeds are featured as part of the campaign's launch weekend.
BetVictor Puts Sport And Betting At The Centre
The latest BetVictor campaign employs an adapted version of “My Favourite Things” from The Sound of Music to link betting with recognizable football scenarios. Barn Door Studios produced the advertisement using genuine sports footage, including actions like tackles, last-minute winning goals, accumulators, and the basic process of making a wager.
As the lead brand of BVGroup, BetVictor has centered the campaign on a clear concept: sports become more enjoyable when betting introduces an additional element of engagement. The creative approach also integrates a message of responsible gambling, avoiding the stereotypical themes often found in betting advertisements.
Richard Walters, Director of Brand and Creative at BetVictor, said:“The 'For All Your Favourite Things' campaign embodies the current identity of BetVictor – a high-quality, simple service that increases the excitement of watching sports.
We are of the opinion that gambling, when approached correctly, is an uncomplicated enjoyment; something we are passionate about providing for our customers. Our goal was to honour the occasions that are most significant to sports enthusiasts.”
Bountiful Cow is managing the media strategy, with Sky being a key partner. The agreement with Sky ensures BetVictor's presence during top-tier live sports events, on-demand entertainment, YouTube content, through Sky Advance targeting, and in digital ad spaces.
Streaming services are also a major component of the strategy. BetVictor will utilise Subscription Video on Demand (SVOD) and Broadcast Video on Demand (BVOD) services on ITVX, Channel 4, Prime Video, and Netflix. Bountiful Cow developed target audiences of sports fans using its Connect planning tool, enabling the brand to connect with viewers during appropriate sports and entertainment events.Matt Lever, Founder at Barn Door Studios, said:
“Anyone who likes placing a small bet on a Saturday accumulator understands that betting can be a straightforward pleasure. Our aim was to present sports and betting realistically, moving away from the common tropes of the industry and demonstrating that responsible betting with BetVictor can rank among our most preferred activities”.
Adam Foley, CEO of Bountiful Cow, said:
“This is the most extensive audio-visual campaign BetVictor has ever undertaken. The focus is entirely on the passion for sport and responsible gambling – and we are ensuring our presence at the most crucial times. We have focused on high-impact opportunities during live sports to build brand recognition and applied intelligent audience data targeting within streaming services to make it happen.”
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