New Jersey’s Monmouth Park racetrack says it plans to offer legal sports betting before the end of the month, while a key state legislator says his new betting bill won’t be approved until the end of June.

On Tuesday, Dennis Drazin, CEO of the company that operates the Monmouth Park track, told local media that the track’s William Hill-powered sportsbook aimed to take its first legal sports wager on Monday, May 28, aka the Memorial Day holiday.

The Asbury Park Press quoted Drazin saying the May 28 date was arrived at following an internal discussion, as well as talks with partner William Hill US, in the wake of Monday’s historic Supreme Court ruling striking down the 1992 federal sports betting prohibition.

Drazin said he’d have preferred to launch the sportsbook before the Memorial Day weekend kicks off, “but with all the logistics of getting everyone trained, that is the date we are targeting now.” The timing would be fortuitous, given the NBA finals are scheduled to get underway on May 31.

Online gambling operator Jackpotjoy PLC managed to narrow its net losses in the first quarter of 2018, largely on the strength of its Vera&John online casino brand.

Figures released this week by the UK-listed Jackpotjoy show overall gaming revenue rising 13% to £80.7m, while adjusted earnings fell 7% to £27.1m. Adjusted net income improved 3% to £21.4m but the company booked an unadjusted net loss of £7.7m for the quarter.

Jackpotjoy blamed the adjusted earnings decrease on increased marketing expenses and the UK’s application of new taxes on online gambling bonus offers that took effect in Q4 2017. The adjusted net income gain was credited to the company having renegotiated its mammoth debt load during Q4 2017.

The Vera&John Nordic-facing online casino brand accounted for 26% of Q1’s group revenue but reported revenue growth of 35% in the quarter (31% in constant currency). The mainstay Jackpotjoy division, which includes the Mandalay and Botemania online bingo operations and the Starspins casino brand, reported revenue growth of 7%.

Poker was always a money-loser at the City of Dreams Macau casino, according to Melco Resorts & Entertainment (MRE) boss Lawrence Ho.

On Tuesday, MRE hosted an exclusive preview of Morpheus, the new hotel at MRE’s City of Dreams property in Macau. The visually striking 772-room hotel, which carries a $1.1b price tag, is scheduled to open to the public on June 15, pending receipt of the necessary permits from Macau regulators.

MRE CEO/chairman Ho told his invited guests that Morpheus was an “architectural masterpiece, the world’s first free-form exoskeleton high-rise” that would “satisfy the dreams of tomorrow’s most sophisticated international travelers.”

MRE has already declared that Morpheus’ gaming operations won’t focus on VIP gamblers and thus there will be no need to strike deals with Macau junket operators. Instead, the property intends to focus on the premium mass segment, which is more profitable for casinos due to the elimination of the junket middleman.

Roger Devlin, chairman of William Hill, has painted a bleak future for UK’s biggest independent bookmaker should the country proceed with its new betting rules.

Devlin’s appeal comes amid reports that the government is set to release the results of its long-running gambling review, which reportedly includes recommending the reduction of fixed-odds betting terminals (FOBTs) stakes limit to a £2.00 ($2.69) maximum.

Sky News reported that Devlin made a last-ditch plea to Digital, Culture, Media and Sport Secretary Matt Hancock against a rumored reduction in maximum FOBT stakes to £2, saying that the new wagering rules will leave the British bookmaker exposed to foreign takeover.

In a letter to Hancock, Devlin expressed fear that the government will make a decision “that is unnecessary and lacking in evidence,” at the expense of tens of thousands of jobs across the gambling sector. The William Hill chair also pointed out that the UK gambling industry was already “extremely well regulated.”

To raise the name recognition of Okada Manila, Japanese gaming conglomerate Universal Entertainment Corp. is planning to list Tiger Resort, Leisure, and Entertainment, Inc. (TRLEI) in a stock market in the near future to raise.

Universal announced its future plans for Okada Manila on Monday as it reported its first quarter earnings. However, the Japan-based company did not mention where it plans to list TRLEI.

The firm initially considered a backdoor listing for TRLEI when Japanese casino mogul Kazuo Okada was still the chairman of Universal. In October 2017, it was reported that Universal considered at least three   publicly listed companies in the Philippines into which they could infuse the business of Okada Manila.

“The Universal Entertainment Group is preparing to take public Tiger Resort, Leisure and Entertainment, Inc., the core company in the Group’s Casino Resort Business, in about two years to accelerate its growth and raise its name recognition,” Universal said in a statement.

Revenue of Macau-based gambling operator Paradise Entertainment Ltd. jumped 31.1 percent in the first three months of 2018 on the back of growing demand for electronic gaming equipment.

In a disclosure to the Hong Kong Stock Exchange, Paradise reported revenues of HKD308.4 million (US$39.28 million) in the first three months of 2018, up from HKD235.3 million (US$29.97 million) reported in the same period last year.

Paradise also saw its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rebound in the first quarter of the year to HKD51.8 million (US$6.6 million) from a loss of HKD10.1 million (US$1.29 million) during the same period last year.

Its casino management business remains the most lucrative and biggest contributor in the company’s revenue. Data shows that revenue from casinos under the Paradise’s management in Q1 2018 was HKD257.6 million (US$32.81 million), up 19 percent from HKD216.5 million (US$27.57 million) in Q1 2017.