Macau announces plan to criminalise illegal money exchanges
On Friday, government officials in Macau announced an amended law that would criminalise illicit money exchanges inside the city’s casinos. Legislative assembly chairman Chan Chak Mo said lawmakers...
View ArticleNorth Carolina sports betting market hits summer lull in July
Total handle for July was $340.4m (£266.6m/€311.4m), down 14.5% from June. It is also the lowest monthly total since North Carolina launched legal online sports betting in March. July is traditionally...
View ArticleDoubleDown eyes further M&A as real-money gaming spurs Q2 revenue growth
Acquired for $36.5m in November last year, the SuprNation deal marked the expansion of DoubleDown into real-money gaming. Q2 was the second full quarter that SuprNation was part of the business. For...
View ArticleCourt suspends ISP blocking order for operators in Rio de Janeiro without...
The ruling comes after the National Association of Games and Lotteries (ANJL) filed an appeal looking to overturn a federal ruling stipulating operators active in Rio de Janeiro without a Loterj...
View ArticleEstrelaBet and SportyBet among latest Brazil betting licence applications
Reals Bet then applied today (13 August), taking the total number of applications in Brazil to 13. Operators that apply within the 90-day initial submission window will ensure their applications are...
View ArticleAustralian gambling ad ban would hurt media “under attack” from social...
Shorten, who is the minister for the National Disability Insurance Scheme, intervening is the latest indication the government will not implement a total gambling ad ban as recommended in the 2023...
View ArticleNagaCorp issues H1 profit warning amid Vladivostok project impairment
NagaCorp first showed an interest in going into Russia back in 2013, specifically the Vladivostok Integrated Entertainment Zone. Plans moved forward in 2014 before the group officially broke ground in...
View ArticleUkraine’s KRAIL continues to block illegal sites amid 7% jump in...
The sites banned include 1xslot.com, Bet2casino.fun, Betmatch2win.com, Betwinner6.com and Kasinos-vip.net. “The specified websites provide access to gambling games from the territory of Ukraine...
View ArticleNebraska wagering bill gets out of committee, but floor vote uncertain
The committee voted, 5-2, to send LR3CA to the floor, but failed to advance framework legislation. If the Nebraska wagering bill passes and voters approve the ballot referendum, the legislature will...
View ArticleSportradar Q2 revenue up 29% despite rights costs impacting bottom line
Sportradar Q2 earnings also noted an adjusted EBITDA of €48.8m, indicating a 22% increase on the previous year. It added 46 new betting clients to its core trading product in Q2. That resulted in €9bn...
View ArticlePhilippine gaming revenue up almost a third, spurred by egames
The Philippine gaming industry posted strong revenue for the second quarter. Per the state-run Philippine Amusement and Gaming Corp (Pagcor), GGR for the period rose 32.32% percent, to P89.23bn...
View ArticleFlutter beats street and won’t tax winners in the US; DraftKings backs off plan
DraftKings in early August announced that it will introduce a winners’ surcharge in four high-tax states beginning 1 January 2025. Industry watchers have since been waiting to see if other companies,...
View ArticleDutch gambling regulator clamps down on payout rule breaches
KSA said a recent investigation discovered that nine online operators were obstructing payouts to customers, with another four suspected of doing so. According to the Dutch Gambling Act, player payout...
View ArticlePlaytech confirms discussions with Flutter over £2bn Snaitech sale
On Wednesday morning (14 August), Sky News reported Flutter was in talks to buy Playtech’s Italian business in a deal worth approximately £2bn (€2.3bn/$2.6bn). Playtech said Flutter was carrying out...
View ArticleLatAm Q2 results round-up: Flutter eyes podium position in Brazil, DraftKings...
Flutter eyes leading position in Brazil as Betfair files application Flutter expects to be a leader in Brazil’s licensed betting market, CEO Peter Jackson said in its Q2 results on 13 August. When...
View ArticleBlueBet to adopt Betr brand following merger
BlueBet said the single brand strategy will boost the combined entity’s profile within the Australian market and unlock revenue synergies. The rebrand will be rolled out in the coming weeks as part of...
View ArticleMelco CEO upbeat on Macau despite midsummer slump
Melco Resorts & Entertainment boss Lawrence Ho isn’t worried about slower gaming revenue in Macau this summer. The city’s casino industry saw upticks in both June and July, but fell short of...
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KTO pulls out of Chile, Peru to narrow focus on Brazil betting market
KTO founder and CEO Andreas Bardun told iGB its LatAm presence had been reduced to just Brazil as the company prioritises growing its market share in the region. KTO is one of 17 operators to have...
View ArticleTrade unions say “yes” to Times Square casino
In what is becoming a trend around downstate casino bids, the trade unions – for which jobs will be created – support a new build. Earlier this year, trade unions in Queens said they are all-in for a...
View ArticleUnderage gambling in Finland still prevalent despite minimum age increase in...
The report by from the Finnish Institute for Health and Welfare (THL) revealed gambling rates had dropped among minors since Finland raised its age limit for slot machines from 15 to 18 years old in...
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