- MagBet’s daily roundup brings together the key industry developments from regulatory shifts and business decisions to partnerships, technology updates, and market expansion.
- DraftKings revised its 2026 financial outlook as investment in Predictions increased, while reporting third-quarter revenue growth of 16% and introducing forecasts for 2027.
- Christian Genetski will reportedly become FanDuel’s permanent chief executive on January 1, 2027, formalizing his leadership following Amy Howe’s departure in May.
- Arkansas Attorney General Tim Griffin filed suit against VGW, challenging its sweepstakes casino model and seeking restitution, penalties, taxes, and an injunction against operations.
- Saskatchewan’s SIGA selected Bede Gaming to develop the BetSIGA platform, targeting spring 2027 to replace PlayNow with a new website and mobile applications.
- Nebraska voters rejected both mobile wagering measures, leaving sports betting restricted to the existing racetrack casino framework despite a campaign backed by major operators.
- Canadian lawmakers advanced an amended sports betting advertising bill, extending the proposed framework’s reporting deadline without immediately imposing nationwide advertising restrictions on gambling operators.
- PENN Entertainment placed debt reduction ahead of acquisitions as third-quarter results showed stronger retail performance and a narrower loss in its Interactive business segment.
- Brazil’s Supreme Court hearing exposed divisions over the betting ban, with the government defending prohibition while football representatives warned of substantial sponsorship losses.
- The Second Circuit denied Kalshi and Coinbase injunctions against state enforcement pending appeal, leaving the underlying New York and Connecticut legal disputes unresolved.
- Horseshoe Casino Baltimore’s operators agreed to a $150,000 disability discrimination settlement, accompanied by three years of training, monitoring and reporting obligations under a consent decree.
- Betty appointed Jane Wang as general counsel, recruiting the former leader of WeWork’s corporate legal team to support its expanding international online casino business.
