As the NFL season kicks off, prediction market operators invested heavily in celebrity endorsements this opening week while facing enforcement action from Connecticut and ongoing court battles.
Wynn Resorts priced $900 million in senior notes to refinance debt, but Fitch expects expansion spending to keep debt pressure high relative to earnings.
New Zealand’s Department of Internal Affairs has exposed widespread misuse of gambling proceeds, with up to NZ$28 million in community grants diverted for operational costs.