Genting: “Committed to doing business with utmost integrity” in light of US...
In the statement, the company wrote that “GENT and its subsidiaries are committed to doing business with the utmost integrity and in line with applicable laws and industry guidelines”. The NGCB on...
View ArticleCarl Icahn hit with SEC fine in wake of Caesars stock speculation
In its consent order, the SEC said that over the last five-plus years, Icahn took out several personal loans worth billions of dollars from various lenders. For those loans, he pledged “approximately...
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DC councilmember Trayon White charged with bribery
White was a member of the DC Council in 2019 when it agreed to leglalise single-source digital sports betting. DC Lottery partner Intralot got the wagering contract without a bid process. White was...
View ArticlePlayUp Interactive fined record AU$586,000 for advertising breaches in New...
The 33 illegal ads on a site for PlayUp’s DraftStars site included inducements to gamble, or gamble frequently, and inducements to open a betting account. Any sort of inducement to gamble contravenes...
View ArticleATG will bear the brunt of Swedish gambling tax increase, CEO warns
On 1 July, gross gaming revenue (GGR) tax for gambling operators in Sweden increased from 18% to 22%. The government estimates this hike will generate more than SEK500m (£37.4m/€43.9m/$48.6m) in...
View ArticleStake.com continues regulated market push with Peru online gaming launch
The rollout of Stake.pe marks the operator’s second regulated LatAm market, after it acquired Betfair Colombia in November last year. This push is going global, as shown by this month’s acquisition of...
View ArticleBet365 becomes first Uefa Champions League betting partner
The three-year deal covers the men’s Champions League from the 2024-25 season until the 2026-27 campaign. Bet365 will work with Uefa on a range of activations as part of the new partnership. The...
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Revamped product and customer personalisation key to Evoke growth plans
Following a profit warning in July, Evoke reported a 2% decline revenue to £862m last week, with adjusted EBITDA falling 26% year-on-year. “We understand exactly what went wrong and we have taken...
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Thirteen Nebraska lawmakers speak out against legalising online sports betting
Thirteen senators banded together and made their stance clear through a statement issued on Friday (16 August). They voiced their staunch opposition to the measure. Their primary concern is the...
View ArticleThree indicted in money laundering case compromising Singapore’s AML status
On 15 August, two ex-bank managers were charged for their alleged involvement in Singapore’s biggest money-laundering case. Wang Qiming and Liu Kai, of Citibank and Julius Baer respectively, were the...
View ArticleLast chance for US gambling expansion in 2024 dies in Nebraska
The Nebraska special session likely represented the last opportunity for digital wagering or online casino expansion in the US in 2024. This year marks the first time since the Professional and...
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Tappeiner takes charge of Wynn’s UAE resort
The news was announced on Tuesday (20 August) via LinkedIn. Tappeiner takes on the role from 1 September this year after two years at Wynn Las Vegas. He joined as senior vice-president of operations,...
View ArticleMichigan online gambling, sports betting AGR up YoY and month over month
In addition, compared to July 2023, online gambling AGR was up 24.7% and sports betting was up 5.2%, according to the Michigan Gaming Control Board (MGCB), which released results on Tuesday (20...
View ArticleACMA orders blocking of more illegal affiliate websites in Australia
Casino Australia Online, Pokies.bet, Pokiesman and Smart Pokies were all identified as targeting consumers illegally earlier today (21 August). The four affiliate sites promote illegal online gambling...
View ArticleKSA warns Sauber F1 over Stake advertising at Dutch Grand Prix
The Dutch Grand Prix will take place this weekend at Circuit Zandvoort near Harrlem in the Netherlands. Sauber, which races under the official name ‘Stake F1 Kick Sauber Team’, is among the teams...
View ArticleSports betting and igaming continue to offset Pennsylvania retail decline in...
Revenue from gambling in Pennsylvania in July hit $500.8m (£384.2m/€450.2m), according to the state’s Gaming Control Board. This is 7.2% higher than last year and also 6.1% more than $472.0m in June...
View ArticleYield Sec: Black market gambling ads present on almost half of illegal...
Published today (21 August), the report outlines the scale of illegal streaming of events at the Paris Olympic Games. This year’s Games ran from 26 July to 11 August. Yield Sec estimates there were...
View ArticleNFLPA sues DraftKings over NFTs
The NFLPA is seeking damages for an “anticipated breach of contract”, claiming that it provided DraftKings with intellectual property rights licensing for NFL players. The product allows consumers to...
View ArticleTax changes and AML settlements push SkyCity to NZ$140.4m net loss in...
The operator’s bottom line was hit by tax changes and impairments, as well as financial settlements during the 12 months to 30 June. In March, the country’s government removed the ability for owners...
View ArticleHolland Casino won’t be profitable if Netherlands gambling tax hike goes through
The Dutch land-based monopoly’s CFO Ruud Bergervoet warns the company’s is “vulnerable” after a difficult H1, as it continues to struggle with high inflation and rising costs. In May, a coalition...
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