Wager Reporterhttps://wagerreporter.com/Wager Reporter is independent news on the business, policy and future of sports betting and casinos, for readers who follow the gambling industry.en-usSat, 17 Oct 2026 18:21:27 +0000MGM Resorts' Record $4.45B Revenue Can't Offset Margin Pressurehttps://wagerreporter.com/news/mgm-resorts-q2-2026-results-margin-pressure/https://wagerreporter.com/news/mgm-resorts-q2-2026-results-margin-pressure/Sat, 17 Oct 2026 18:21:27 +0000ProfilesMGM Resorts reported record Q2 2026 revenue of $4.45 billion, but adjusted EBITDA fell 5.7% and adjusted EPS dropped 25.3%, showing margin pressure.Flutter Swings to $296m Q2 Loss and Cuts 2026 Guidance on Promo Spendinghttps://wagerreporter.com/news/flutter-2026-guidance-cut-q2-loss-promo/https://wagerreporter.com/news/flutter-2026-guidance-cut-q2-loss-promo/Sat, 17 Oct 2026 18:17:30 +0000AnalysisHeavy promo spending and closures turned Flutter's 3% revenue rise into a $296m Q2 loss and lower 2026 guidance.Illinois Gaming Board Expands Self-Exclusion Program With Tiered Termshttps://wagerreporter.com/news/illinois-self-exclusion-program-tiered-terms/https://wagerreporter.com/news/illinois-self-exclusion-program-tiered-terms/Sat, 17 Oct 2026 18:14:31 +0000Responsible GamblingIllinois Gaming Board adopts six-month to five-year self-exclusion terms, future mail and online enrollment, and a 12-month marketing exclusion list.Pennsylvania House Bill 2801 Would Ban Sweepstakes Casinos With $500,000 Fineshttps://wagerreporter.com/news/pennsylvania-hb-2801-sweepstakes-ban/https://wagerreporter.com/news/pennsylvania-hb-2801-sweepstakes-ban/Sat, 17 Oct 2026 12:20:05 +0000PolicyHouse Bill 2801 would make dual-currency online sweepstakes games illegal, with fines of $50,000 to $500,000 per violation.Light & Wonder Q2 FY26 Profit Rises 26% as DCF Suggests ASX Shares Undervaluedhttps://wagerreporter.com/news/light-wonder-q2-fy26-earnings-undervalued/https://wagerreporter.com/news/light-wonder-q2-fy26-earnings-undervalued/Sat, 17 Oct 2026 12:00:29 +0000BusinessLight & Wonder reported Q2 FY26 revenue of US$828 million, up 2%, and net income up 26%, while a DCF analysis suggests the ASX shares are undervalued.Red Rock Resorts Green Valley Ranch East Tower to Reopen in Septemberhttps://wagerreporter.com/news/green-valley-ranch-east-tower-reopening/https://wagerreporter.com/news/green-valley-ranch-east-tower-reopening/Sat, 17 Oct 2026 11:56:40 +0000CasinosRed Rock Resorts said the Green Valley Ranch renovation cut Q2 profit by an estimated $7 million, with the East Tower scheduled to reopen in September.Michigan Seeks Kalshi Contempt as Coinbase Exits Sports Contractshttps://wagerreporter.com/news/michigan-kalshi-contempt-coinbase-sports/https://wagerreporter.com/news/michigan-kalshi-contempt-coinbase-sports/Sat, 17 Oct 2026 11:51:03 +0000Sports BettingMichigan's attorney general asks a judge to hold Kalshi in contempt as Coinbase agrees to stop sports event contracts by October 10.