Genting Malaysia Q2 Revenue Jumps 31% as Resorts World NYC Casino Launch Squeezes Profit
Genting Malaysia posted a 31% revenue surge in Q2, powered by the Resorts World New York City casino launch, but start-up costs sent net profit plunging 89%.
NewYork
Bally’s Price Target Slashed a Third as Analyst Says New York Casino Holds the Key
Truist analyst Barry Jonas cut his Bally’s price target from $15 to $10, saying financing for the Bronx casino could be the difference-maker for the company’s going-concern worries.
CFTC Says It May Force Kalshi to Keep Trading in New York Even if a State Court Bans It
The CFTC invoked emergency authority to keep Kalshi operating in New York, escalating a jurisdictional battle with the state over whether prediction markets are federally regulated derivatives or illegal gambling.
New York Online Sports Betting Handle Jumps 37.8% Hold as July Tax Revenue Tops $109 Million
New York sportsbooks won $214.4 million in July as hold jumped to 11.4%, pushing state tax revenue to $109.3 million and the year-to-date total past $725 million.
Novig Launches Prediction Market Platform Nationwide, Then Sues New York to Keep Operating There
One day after its nationwide prediction market launch, Novig sued New York to block state enforcement of gambling laws against its federally regulated sports contracts.
Rideshare, Gambling Companies Lead Record $213 Million New York Lobbying Surge
New York lobbying spending hit a record $213.5 million in the first half of 2026, with gambling groups like the Sports Betting Alliance and Genting among the top spenders.
New York Sues Kalshi for Up to $36 Billion, Alleges Illegal Gambling Operation
New York AG Letitia James has sued Kalshi for up to $36 billion, alleging the prediction market platform runs illegal, unlicensed gambling in the state.
NY Federal Judge Denies Kalshi Injunction Bid for Second Time This Month
Judge Analisa Torres rejected Kalshi’s request for an injunction pending appeal on July 27, denying the prediction market operator emergency relief from New York gambling enforcement for the second time in a month.
Resorts World NYC Adds 1,400 Slots, Breaks Ground on Next Phase of $5.5 Billion Expansion
Resorts World New York City adds 1,400 slot machines and breaks ground on Phase Two of its $5.5 billion expansion, targeting a 6,000-slot, 800-table casino floor.
Federal Judge Rejects Kalshi’s Bid to Block New York From Enforcing Gambling Laws on Sports Contracts
A New York federal judge ruled Kalshi’s CFTC registration doesn’t shield it from state gambling laws, dealing the prediction market a major legal setback.
Kalshi Appeals to Second Circuit After Federal Judge Sides With New York in Gambling Enforcement Fight
A federal judge rejected Kalshi’s bid to block New York from enforcing gambling law against its sports-event contracts, and the company has already appealed to the Second Circuit.
New York iGaming Bill Collapses in 2026 as Governor Hochul Refuses to Back Online Casino Legislation
New York’s latest push to legalize online casinos officially failed in 2026 after Gov. Kathy Hochul withheld her support, leaving the state another year away from a legal iGaming market.