Industry News
New Coalition Forms to Weigh in on Seneca Gaming Compact Negotiations

Existing non-native casinos and racinos in the Finger Lakes and Western New York and unions representing their employees are formally launching a coalition to have a voice in the ongoing negotiations for a new gaming compact between the state and the Seneca Nation of Indians.
The Fair Compact for All Coalition includes representatives from del Lago Resort and Casino, Finger Lakes Gaming and Racetrack, Hamburg Gaming and Batavia Downs. They want to ensure any new Seneca gaming compact protects the future of their operations and the communities they say have come to depend on their success.
The coalition says those facilities employ more than 3500 New Yorkers, the majority of whom are union members, and pay close to $180 million in annual state gaming taxes. Rochester Workers United and Horsemen’s Benevolent Protective Association are also part of the effort.
“We cannot and will not tolerate any middle-of-the-night deals that lack transparency, public input and data-driven economic analysis. We welcome competition, but we can’t compete without a level playing field. We look forward to working with our coalition members, local elected officials and representatives in Albany to secure a truly fair compact for all,” Finger Lakes Gaming President and General Manager Chris Riegle said.
The current gaming compact expires on December 9. The Senecas said their three casinos in Western New York and the Southern Tier account for thousands of local jobs, hundreds of millions of dollars in local wages and more than $1 billion in annual economic impact to the region.
They said the coalition represents competing gaming interests inserting themselves into government-to-government negotiations.
“In reality, the changes to the New York gaming market, and their continued impact on the promises made to the Seneca Nation under our compact, are central to our discussions with New York state. Although it has been nearly 60 days since our last negotiation meeting, we look forward to the state re-engaging in discussions soon, and hold optimism that important progress can be made,” Seneca President Rickey Armstrong Sr. said.
The Nation and the state in June had reached a deal in principle. However, after details leaked it included stipulations that would allow the Senecas to pursue a new operation in Monroe County, lawmakers, community members and representatives of what is now the coalition pushed back.
Assembly Speaker Carl Heastie, D-Bronx, eventually decided not to bring authorization of the deal up for a vote, essentially forcing parties back to the negotiating table.
Any agreement requires approval of the state, a referendum vote of Seneca Nation members and federal approval. Gov. Kathy Hochul previously had assigned two of her top aides to serve as lead negotiators since her husband worked for Delaware North, which is also a member of the Fair Compact for All coalition. However, she changed her recusal policy when he stepped down nearly two months ago, which would allow her now to be more directly involved.
Industry News
Full House Resorts Announces Promotion of Lewis Fanger to President

Full House Resorts Inc. announced that it has promoted Lewis Fanger to President, Chief Financial Officer, and Treasurer, effective July 11, 2025. The title of President was previously held by Daniel Lee, the Company’s Chief Executive Officer. As previously disclosed, Mr. Lee extended his employment agreement as the Company’s Chief Executive Officer in June 2025.
“Since our arrival approximately ten years ago. Full House Resorts has undergone a significant transformation, from a small regional casino operator to one of the fastest-growing companies in our industry. Lewis’s financial leadership has helped enable that growth, allowing us to improve our existing assets and expand the Company through new developments such as American Place and Chamonix. Lewis has been an invaluable part of our team over the past decade, and his promotion to President will help ensure a continuity of leadership,” Mr. Lee said.
Industry News
NCPG Announces 2025 Board of Directors Election Results and Board Leadership

The National Council on Problem Gambling (NCPG) has announced the newly elected members of its Board of Directors, as well as the slate of officers who will lead the organization for the upcoming year.
Following the annual election in June, NCPG members voted to elect the following individuals to serve on the Board of Directors from 2025 to 2028:
• Diana Goode – Affiliates Seat
• Wiley Harwell – Affiliates Seat
• Lori Manson – Affiliates Seat
• Glenn Yamagata – Affiliates Seat
• Jamie McKelvey – Organizations Seat
• Amanda Quintana – Organizations Seat
• Brian Ward – Individuals Seat
Glenn Yamagata and Jamie McKelvey will serve a two-year term from 2025 to 2027.
In addition, the Board has elected the following officers to lead NCPG for the 2025–26 term:
• President: Derek Longmeier, Executive Director, Problem Gambling Network of Ohio
• Vice President: Christina Gray, Executive Director, Indiana Council on Problem Gambling
• Secretary: Wiley Harwell, Executive Director, Oklahoma Council on Problem Gambling and Gaming
• Treasurer: Amanda Quintana, Player Health Manager, Colorado Lottery
The Board’s esteemed leadership and expertise are instrumental in fostering NCPG membership, shaping policies, implementing strategies, and attaining organizational objectives. By leveraging their subject matter knowledge, skills, and experience, Board members are dedicated to serving all NCPG stakeholders through the development of comprehensive policies and programs for all those affected by problem gambling.
Industry News
SharpLink Gaming Announces $425,000,000 Private Placement to Initiate Ethereum Treasury Strategy

SharpLink Gaming Inc. announced that it has entered into securities purchase agreements for a private investment in public equity (PIPE) for the purchase and sale of 69,100,313 shares of common stock (or common stock equivalents in lieu thereof) at a price of $6.15 per share ($6.72 per share for certain members of the Company’s management team), for expected aggregate gross proceeds of approximately $425,000,000, before deducting placement agent fees and other offering expenses.
Consensys Software Inc. acted as the lead investor, and the offering included participation by prominent crypto venture capital firms and infrastructure providers such as ParaFi Capital, Electric Capital, Pantera Capital, Arrington Capital, Galaxy Digital, Ondo, White Star Capital, GSR, Hivemind Capital, Hypersphere, Primitive Ventures, and Republic Digital among others including Rob Phythian, SharpLink’s CEO, and Robert DeLucia, SharpLink’s CFO.
The closing of the offering is expected to occur on or about May 29, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the funds to acquire the native cryptocurrency of the Ethereum blockchain commonly referred to as “ETH” pending identification of working capital needs and other general corporate purposes. ETH will serve as the Company’s primary treasury reserve asset.
A.G.P./Alliance Global Partners is acting as the sole placement agent in connection with the offering.
“This is a significant milestone in SharpLink’s journey and marks an expansion beyond our core business. On closing, we look forward to working with Consensys and welcoming Joseph to the Board,” said Rob Phythian, Founder and CEO of SharpLink.
“On close, Consensys looks forward to partnering with SharpLink to explore and develop an Ethereum Treasury Strategy and to work with them in their core business as a strategic advisor. This is an exciting time for the Ethereum community, and I am delighted to work with Rob and the team to bring the Ethereum opportunity to public markets,” said Joseph Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum.
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