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Texas Disolves Lottery Commission

A Texas-sized battle over the future of the Texas State Lottery took a major turn last week when the Texas Senate passed a bill that dissolves the Texas Lottery Commission entirely. Under the terms of SB 3070, control of the Texas Lottery will move from the, now defunct, Texas Lottery Commission to the Department. The…

Wynn Catches $5.5 Million AML Fine

The operators of Wynn Resorts Ltd. are learning the hard way that details matter, especially when they are related to anti-money laundering compliance. Late last week the Nevada Gaming Control Board (NGCB) hit Wynn with a $5.5 million fine for a series of unlicensed cash transfers made as part of an effort to lure high…

Flutter Exploring Predictions Market for FanDuel

If you can't beat 'em, join 'em. That appears to be the approach executives at FanDuel's corporate parent, Flutter, are taking towards the emerging threat of predictions markets. In a recent call with investors, Flutter CEO Peter Jackson said the company is exploring the possibility of competing with predictions market operators by entering the predictions…