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Compliance Updates

The Cordish Companies Receives Unanimous Approval from the Louisiana Gaming Control Board to Become a Casino Operator in Bossier City, Louisiana

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The Louisiana Gaming Control Board has unanimously granted LRGC Gaming Investors LCC, an affiliate of The Cordish Companies, the necessary regulatory approvals required to become a gaming operator in the State.

The approval clears the way for Cordish to finalize the acquisition of Diamond Jacks Casino & Hotel in Bossier City and begin its transformation into a world-class Live! branded casino resort and entertainment destination. Central to the redevelopment is the construction of the first land-based casino in the Shreveport-Bossier market. In addition to fully renovating the hotel rooms and public space, Cordish plans to develop a brand new, land-based casino to replace the existing casino riverboat. Live! Casino & Hotel Louisiana is scheduled to open in 2025.

“We’re grateful to the Louisiana Gaming Control Board for their approval and thank them for their consideration and enthusiastic support through this process. Live! Casino & Hotel Louisiana will be a transformative development that will bring a first-class gaming, dining, entertainment, and hospitality experience, create significant new jobs, and generate millions of dollars in economic benefits for the community. We are extremely excited to continue moving forward with this project and deliver a world-class destination to the region,” Joe Weinberg, Managing Partner of The Cordish Companies, said.

“The Louisiana Gaming Control Board is pleased to announce the approval of The Cordish Companies’ acquisition of the license from the former Diamond Jacks property in Bossier City. Cordish has an exceptional reputation in providing first rate casino experiences as well as hospitality and entertainment venues across the country. We are pleased with their decision to bring their Live! brand to the State of Louisiana. We feel comfortable that their commitment to a first class $270 million project will help grow the Bossier City/Shreveport gaming market. We welcome The Cordish Companies and look forward to working with them to bring this project to a reality to open sometime in 2025,” Ronnie Johns, Chairman of the Louisiana Gaming Control Board, said.

Compliance Updates

MGCB Issues Cease-and-Desist Order to BetNow

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The Michigan Gaming Control Board (MGCB) has issued a cease-and-desist order to BetNow.eu Sportsbook, Casino, and Racebook (BetNow), an offshore online casino operating illegally within the state. The site offers a range of casino games, including slots, poker, and live dealer options such as blackjack, roulette, and craps, as well as betting services for sports events and horse races.

“This unlicensed operator not only violates Michigan law, but also exposes consumers to significant risks. Our job is to protect Michigan residents by ensuring that all online gambling is conducted legally and responsibly,” MGCB Executive Director Henry Williams said.

BetNow offers numerous payment options for player deposits, including Visa, Mastercard, American Express, Zelle, Apple Pay, Google Pay, PayPal, Bitcoin, Ethereum, Litecoin, Tether, Bitcoin Cash, CashMG, and bank transfers. However, players must wager their entire initial deposit before becoming eligible to withdraw any winnings.

The MGCB’s investigation found that BetNow is in violation of several key state laws, including:

• Lawful Internet Gaming Act: Only licensed operators are permitted to offer internet gaming. Only Michigan-licensed casinos and federally authorized tribal casinos can apply for a gaming license under state law.

• Michigan Gaming Control and Revenue Act: Operating an unlicensed gambling business is a felony in Michigan, carrying penalties of up to 10 years in prison, a fine of up to $100,000, or both.

• Michigan Penal Code: Gambling, which involves payment based on the outcome of an uncertain event, is prohibited under state law. Accepting money with the understanding it will be paid based on a game of chance is illegal.

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Compliance Updates

Colombian Lottery Operators Get Permission to Use Random Number Generators

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The National Council of Games of Chance and Luck in Colombia has issued Agreement 802 of 2025, through which operators are authorized to use random number generators complementary to the use of raffles and to broadcast the draws over the internet.

“We are working to modernize the entire industry, and that means implementing new technologies. With this Agreement, our goal is that, based on number generators, lottery operators can carry out more draws per year. This means not only an increase in sales, but also in transfers for health,” Marco Emilio Hincapié, president of Coljuegos, said.

Random number generators are systems that allow numbers to be chosen at random. These programs work through computer algorithms that create statistically independent results without following specific patterns that lead to them being predictable.

“From now on, lottery operators will have the possibility of continuing to use the ballot boxes and, at the same time, create more draws in which random number generators are used,” said the president.

“In addition, they will be able to broadcast the draws through their websites, social media and traditional media such as television. This will provide greater transparency in the draws and more guarantees for bettors,” he added.

This new regulation is part of the strategy to transform and optimize the operation of games of chance and luck with computer security and transparency standards.

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Compliance Updates

Betsson Obtains Local Gaming Licence in Brazil

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Betsson has officially received a local licence for the newly regulated Brazilian market, covering online casino and sports betting. The licence, which took effect on 25 February 2025, allows Betsson to offer its services in one of the world’s largest gaming markets, further strengthening the Group’s presence in Latin America.

Pontus Lindwall, President and CEO of Betsson AB, said: “We welcome the introduction of a local regulatory framework in Brazil and are pleased to have obtained a licence. This step aligns with our strategy to grow via geographical expansion, and we look forward to offering Brazilian customers a secure and high-quality gaming experience.”

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