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(AsiaGameHub) -   Elon Musk has outlined plans for a chip production project involving Tesla and SpaceX. The proposed facility, named Terafab, would be constructed near Tesla's operations in Austin, with the aim of fulfilling internal demand for AI and robotics chips. Good to Know Musk noted that chip supply is not keeping up with demand from Tesla and SpaceX. The proposed Terafab site would be located near Tesla's headquarters and the Austin gigafactory. Musk did not provide a timeline for the project during the Austin event. Musk Wants Direct Control of Chip Supply Rather than relying on external semiconductor suppliers, Elon Musk suggests Tesla and SpaceX may need to develop their own solution. Speaking at an event in downtown Austin on Saturday night, Musk stated that current chip manufacturers are not producing quickly enough to meet the needs of artificial intelligence and robotics across his companies. “We either build the Terafab or we don’t have the chips, and we need the chips, so we build the Terafab.” A photo displayed during the event indicated the site would be situated close to Tesla's headquarters and the company's gigafactory in Austin. This location would place the project adjacent to one of Tesla's primary manufacturing centers, while also linking it closely to broader work in AI, automation, and robotics.Musk described a very high target for output. He said the plan is to produce chips capable of supporting 100 to 200 gigawatts of computing power per year on Earth, along with a terawatt in space. He did not clarify when the project could start or how long construction and production setup might take. This absence of a timeline is significant because semiconductor manufacturing is one of the most challenging industrial sectors to execute. Chip fabrication requires extensive engineering expertise, lengthy build cycles, complex supply chains, and major capital investment. Musk is well-known for setting highly ambitious goals, and Bloomberg highlighted that he does not have a background in semiconductor manufacturing. Even so, the reasoning behind the proposal is easy to understand. Tesla is expanding further into AI and robotics, while SpaceX also requires more computing power for advanced systems. If external supply remains tight, an in-house or tightly controlled chip operation could give Musk greater certainty over one of the most critical components of that technology stack. 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) -   Maestro has introduced Mezzamine, a Bitcoin credit platform designed around Bitcoin mining economics. The offering targets institutional investors who wish to generate yield from idle BTC, while also providing mining firms with an additional avenue for obtaining capital. Good to Know Mezzamine initially launched via a collaboration with Sazmining. The platform aims to deliver an annual yield of approximately 8% to 9% in Bitcoin for investors. Its credit structure is secured by future mining rewards rather than traditional fiat-based debt models. Maestro Tries a Bitcoin Native Answer to Mining Finance Mezzamine is structured as a Bitcoin-denominated credit market, moving away from conventional dollar loans or new equity sales. This is significant as many miners receive income in Bitcoin yet take on debt in dollars. A sharp decline in Bitcoin's price can strain balance sheets and increase the risk of liquidation due to this currency mismatch. Maestro aims to reduce this friction. Through this new framework, institutional investors can allocate Bitcoin to credit facilities linked to anticipated mining production. Returns are derived from block rewards produced by additional hardware and increased hashrate. Maestro reports existing demand, noting that mining companies exploring alternative funding have expressed interest in financing exceeding 1,500 Bitcoin.Protection during bear markets is a key feature. The platform employs hedging mechanisms connected to both Bitcoin's price and mining operational expenses. Essentially, the objective is to prevent a scenario where dropping prices lead directly to margin calls or compulsory asset sales. The model is instead designed to mirror how mining operations genuinely generate revenue via block rewards. For institutional investors, this presents a distinct Bitcoin yield approach. Instead of keeping BTC inactive or lending within a fiat-centric system, they can deploy coins into a credit facility connected to mining and aim for returns in Bitcoin. Miners gain from access to funding that more closely aligns with the asset they generate. The inaugural program is already operational with mining services provider Sazmining. Maestro states the platform is intended for asset managers, family offices, corporate treasuries, and similar professional investors. This direction aligns with a wider trend in digital asset markets, where an increasing number of financial products are being developed natively within the Bitcoin ecosystem rather than relying on external fiat systems. A native Bitcoin credit market also provides the industry with an additional foundational component as institutional participation expands. Mining companies have traditionally relied on outside lenders, equipment financing, or equity sales. Solutions like Mezzamine indicate an alternative path, where capital, collateral, and yield all remain intrinsically linked to the economics of Bitcoin mining. 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) -   Hailey Welch has spoken out about the aftermath of the HAWK memecoin’s collapse, connecting the incident to months of public backlash, threats, and legal scrutiny surrounding the unsuccessful token launch. Good to Know HAWK was launched in December 2024 and temporarily hit a market capitalization exceeding $490 million. The token plummeted by over 91% the following day, sparking online allegations of a rug pull. A lawsuit filed by investors targeted the team and organizations behind the launch, though Welch was not included. Hailey Welch States HAWK Aftermath Left Her Traumatized Hailey Welch, commonly referred to online as the Hawk Tuah girl, shared that the collapse of HAWK and the subsequent public response took a significant personal toll. In an interview with Andrew Callaghan on Channel 5, Welch mentioned she was drawn into a crypto project she didn’t fully comprehend. “I got talked into doing something that I didn’t know anything about, really, but you’ve got to be really careful what you put your name on,” Welch told Andrew Callaghan of the Channel 5 YouTube channel on Friday. Welch stated she collaborated with an FBI investigation in 2025 and was exonerated of any misconduct. She added that she received none of the launch funds and lacked the technical expertise required to develop or manage the memecoin.Despite this, public outrage targeted her. Welch revealed she received death threats and remained out of public view for months as tensions escalated over the failed launch. “I was starting to get death threats and everything else. People telling me I owe them all this money, and I’m like, ‘I didn’t do this.’ I’m sitting here, and I’m the one getting hit for this. It’s rough. It’s one of those things where if you come out of the house, you put your head down.” HAWK launched in December 2024 and quickly reached a market cap of over $490 million within hours. By the next day, the token’s value had fallen to approximately $41 million—an over 91% collapse. This drop led to widespread rug pull claims across crypto social media platforms and kept the project in the spotlight across gaming, influencer, and digital asset news. Welch also noted that the actual losses incurred by retail investors were lower than many people believed during the backlash. Per her attorney, the total losses for individual investors amounted to around $200,000.Additionally, a lawsuit filed by investors in December 2024 alleged that the team and entities behind HAWK’s launch sold unregistered securities. Welch was not a defendant in the case. 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) -   PENN Entertainment intends to launch Hollywood Casino Aurora on June 24, pending regulatory clearance. This new land-based venue in Aurora will succeed the enduring riverboat establishment on the Fox River, introducing an expanded entertainment scope to the greater Chicago area. Good to Know Hollywood Casino Aurora is scheduled to take the place of the existing riverboat casino on the Fox River. The new facility will feature a hotel, a retail sportsbook, a spa, an event center, and upwards of 1,200 gaming positions. PENN indicates the location will hire approximately 700 employees, almost twice the size of the existing workforce in Aurora. PENN Gets Ready for a Larger Aurora Casino and Resort PENN is preparing to transition Aurora gaming operations to a freshly constructed facility near Interstate 88, opposite Chicago Premium Outlets, moving away from the outdated floating casino model. This shift is significant as land-based casinos typically offer operators greater capacity for accommodations, dining, entertainment, and year-round events compared to older riverboat configurations. The project is valued by PENN at $360 million. Upon its debut, Hollywood Casino Aurora will become the company's second newly constructed venue in the Chicagoland area, following the August 2025 opening of Hollywood Casino Joliet. This provides PENN with a modernized retail casino presence in a Midwest market where operators continue to depend significantly on in-person gaming, hospitality, and sportsbook visitors. “We are just months away from unveiling another premium entertainment hub in the greater Chicago region,” stated Jay Snowden, CEO and President of PENN Entertainment. “We are excited to build on the successful launch of Hollywood Casino Joliet last summer with another new land-based site, reinforcing our retail footprint in the Midwest and strengthening our community ties.”Gaming represents just one component of the offering. The upcoming Aurora facility will boast 226 hotel rooms, over 1,200 gaming positions, a retail sportsbook, a spa, an outdoor entertainment area, and a 12,000 square foot event center. Additionally, PENN anticipates the site will employ roughly 700 staff members, almost doubling the staffing numbers associated with current Aurora operations. Dining is also receiving significant focus. PENN announced that celebrity chef Giada De Laurentiis will launch Sorella by Giada, an Italian California fusion eatery. Boulevard Food & Drink Hall will introduce concepts from Stephanie Izard and other collaborators, providing the casino with a blend of local favorites and new culinary choices. For regional casino operators, food and beverage offerings can help increase time spent on-site and expand the demographic beyond traditional gamblers. Rafael Verde, PENN Senior Vice President of Regional Operations, remarked: “These celebrated restaurateurs will offer our guests exceptional dining experiences at the new Hollywood Casino Aurora. Combined with our hotel, event center, spa, and other amenities, visitors will enjoy a lively atmosphere at this new local destination.”Meetings and live events form another key element of the strategy. PENN noted that the event center is already accepting reservations for conferences, weddings, and entertainment acts, with public event disclosures anticipated shortly. This strategy aligns with a comprehensive casino resort model where gaming, lodging, dining, sports betting, private functions, and live shows operate cohesively under a single roof. Regarding the project's backing, Gaming and Leisure Properties Inc. is projected to supply $225 million in financing at a 7.75% capitalization rate around the opening. The City of Aurora is providing $50 million, and PENN stated the remaining $21 million is expected to be finalized by the end of the year. Concurrently, the firm is collaborating with the Illinois Gaming Board to move operations from the existing riverboat Hollywood Casino Aurora to the new land-based location. FAQ When will Hollywood Casino Aurora open? PENN Entertainment has indicated that June 24 is the scheduled opening date, contingent on regulatory authorization. What is replacing the old Aurora casino? The existing riverboat casino on the Fox River will be succeeded by the new land-based Hollywood Casino Aurora. Where is the new property located? The location is situated near Interstate 88, directly across from Chicago Premium Outlets. What features will the new casino include? The venue will feature 226 hotel rooms, over 1,200 gaming positions, a retail sportsbook, a spa, an outdoor entertainment area, and a 12,000 square foot event center.How many jobs will the property support? PENN projects that the new Hollywood Casino Aurora will employ approximately 700 individuals. What dining options are planned? PENN confirmed that Sorella by Giada, led by Giada De Laurentiis, will launch at the venue, accompanied by Boulevard Food & Drink Hall concepts featuring Stephanie Izard and other partners. How is the project being financed? Gaming and Leisure Properties Inc. is set to contribute $225 million, the City of Aurora is adding $50 million, and the remaining $21 million is anticipated by year's end. 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) -   Allwyn is seeking alternative methods to develop its own sportsbook technology following the termination of its agreement with Novibet. This development was shared during the group's FY25 earnings call, where company leaders also highlighted PrizePicks as a valuable resource for prediction markets and attracting new customers. Good to Know Allwyn abandoned the Novibet acquisition following input from the Hellenic Competition Commission. Executives stated that proprietary sportsbook technology continues to be a strategic objective. PrizePicks provides Allwyn with a substantial customer base and a unified application for DFS and predictions. Allwyn Looks Elsewhere for Sportsbook Tech After Novibet Deal Falls Apart Allwyn continues to pursue its own sportsbook technology, despite the failure of its Novibet acquisition. On the FY25 earnings call, CEO Robert Chvátal confirmed that sportsbook technology is still a focus and that the company has begun evaluating other possibilities. The Novibet deal was announced earlier this month but was subsequently called off after the Hellenic Competition Commission provided feedback. “This interest in the sportsbook technology remains on the radar of Allwyn,” Chvátal stated.Chvátal stated. “We have already started exploring other opportunities when it comes to sportsbook technology, to maybe solidify our sportsbook position in some markets of Allwyn.” CFO Kenneth Morton emphasized that internalizing sportsbook technology is a definite priority. He noted that while Allwyn already manages the majority of its lottery technology, which is crucial for user experience and sustained success, sports betting is the final component not yet handled in-house. “Sports betting is the one bit that we don’t currently have in-house, which we do think is strategically important. So we certainly see benefits to having it in-house, but as Robert said, there are many other ways that we can achieve that.”PrizePicks was another major topic of conversation. Allwyn secured a deal last September to purchase a 62.3% share in the DFS operator for an initial $1.6 billion, with additional payments contingent on performance across three years. The transaction was finalized in January, and Morton indicated the company is well-placed to pursue expansion in the US prediction market. Morton explained that PrizePicks holds an advantage as it does not require the same level of expenditure on customer acquisition as some competitors. He added that integrating DFS and predictions into a single application improves the user experience and reduces the cost of acquiring customers. “A number of operators have launched actually with three apps, so DFS, OSB and predictions in separate apps,” Morton added. “Essentially, to some extent you’re having to acquire the same customer three times. “That’s not the case for PrizePicks. On day one they went live with predictions within their DFS app, which is obviously better for the user experience, but it’s also much better from the customer acquisition cost perspective.” Allwyn also announced FY25 net revenue of €4.1 billion, a 4% increase compared to the previous year. Adjusted EBITDA also grew by 4%, reaching almost €1.6 billion. The company anticipates finalizing its merger with OPAP this month, following shareholder approval in February, which will form a combined entity worth €16 billion. 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 Nevada court has provided state regulators with a recent victory in the ongoing dispute concerning prediction markets. Following a temporary restraining order issued on Friday, Kalshi is now prohibited from offering contracts related to sports, elections, and entertainment events in Nevada. A subsequent court hearing has been scheduled for April 3. Good to Know A Nevada court issued a temporary restraining order preventing Kalshi from offering sports, election, and entertainment event contracts within the state. According to the Nevada Gaming Control Board, the decision means that all known unlicensed prediction markets are now restricted in Nevada. A hearing to determine if a longer-term injunction will be imposed is set for April 3. Nevada Cuts Off Kalshi as Prediction Market Fight Keeps Growing Although Kalshi previously secured an early victory in Nevada, the situation has now reversed. The Friday order prevents the company from offering or enabling sports, election, and entertainment event contracts in the Silver State. This strengthens the position of Nevada regulators after months of legal battles over whether these contracts constitute unlicensed gambling. State regulators have consistently contended that Kalshi is operating without the gaming license mandated by Nevada law. In the court order, Judge Jason Woodbury stated that the Nevada Gaming Control Board has a reasonable likelihood of success. Reuters reported that the judge determined Kalshi's event contracts linked to college basketball, professional football, and elections fall under a Nevada I This is significant because Kalshi has persistently argued a contrasting position. The company maintains that federal oversight by the Commodity Futures Trading Commission places its event contracts beyond the reach of state gambling control. Nevada has dismissed this perspective, and the judge concurred, at least for the time being, permitting the state's case to proceed.The Kalshi case is also part of a broader conflict playing out across multiple states. Nevada has already compelled other operators to accept state-specific limitations. Court documents from Nevada indicated that Crypto.com ceased offering sports contracts to Nevada residents, while Robinhood agreed to halt offering sports event contracts in the state pending an appeal. 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.