Australian sports betting and iGaming operator PointsBet announced a 17% increase in revenue for the fiscal year that ended on June 30, reaching AUD 245.5 million ($165.3 million), driven by cost-cutting measures and strong operational performance in Australia and Canada. The gross profit margin for FY24 increased to 52.8%, up 2.5%, reflecting better operational efficiency. PointsBet’s efforts
Month: August 2024
Michigan‘s online gambling sector experienced continued growth in July, with adjusted gross receipts (AGR) for iGaming and digital sports betting increasing by a combined 3.2% from June. According to the Michigan Gaming Control Board (MGCB), online gambling AGR also saw a year-over-year rise of 24.7% compared to July 2023, while sports betting AGR increased by 5.2%.
Japan’s National Police Agency (NPA) has launched its first-ever investigation into offshore online casinos, responding to the growing popularity of illegal online gambling among the country’s youth. The investigation will target offshore online casino operators catering to Japanese users, a trend that has led to debt and involvement in illegal activities among younger people, reports
The Peruvian Ministry of Economy and Finance (MEF) confirmed that online gaming and sports betting operators will have to pay the Selective Consumption Tax (ISC) in addition to the tax on their activities, which according to the current regulation is set at 12% of the net income or net win. In a press release, the
Online betting operator PlayUp Interactive, trading as Draftstars, has been hit with a record fine of AUD 586,000 ($392,700) for illegally offering inducements to gamble. The penalty was imposed by Sydney’s Downing Centre local court in mid-August after the company was found guilty of 33 related offenses involving prohibited advertising. The infractions involved offering free
View image in fullscreen NFL using ‘integrity representatives’ to monitor suspicious in-game gambling activity League introduces new gambling rules for players Spotters to track sidelines and press box during games The NFL has increased its gambling policy education and integrity monitoring efforts after a successful offseason. There haven’t been any players suspended for gambling violations
Aug 22, 2024 4 min read It’s award-winning. It’s global. And it just broke the record for the largest event in its history. And now the WPT Prime brand rolls on to Cyprus and the Chamada Prestige Hotel & Spa for a $2.5 million GTD festival in the Mediterranean. To learn more about the brand
Aug 22, 2024 4 min read Tiffany Michelle shared a hand history on X from the Arizona State Poker Championships at Talking Stick Resort in Scottsdale. That isn’t the full story, though. Michelle’s a longtime respected and talented poker content creator who has reported on more tournaments than we can count. But in this event,
DraftKings has made its debut in the online poker market with the launch of a real-money online poker app, Electric Poker. The game, which went live in Michigan on Tuesday, is the first proprietary online poker product developed by a major US-based gaming company in nearly a decade. Electric Poker, now available in the DraftKings Casino
Global betting company 1xBet confirmed its participation in SiGMA East Europe 2024, one of the largest European summits dedicated to the gambling industry. This year, the forum will be held from September 2 to 4 in Budapest, Hungary, at the Hungexpo exhibition center. The event will be attended by 9,000 delegates, 5,000 affiliates, and over
Date Day Start Time Event 08-Sep Sun 08:05 WCOOP 02-L: $5.50 NLHE [WCOOP Kickoff], $50K Gtd 08-Sep Sun 08:05 WCOOP 02-M: $55 NLHE [WCOOP Kickoff], $200K Gtd 08-Sep Sun 08:05 WCOOP 02-H: $530 NLHE [WCOOP Kickoff], $200K Gtd 08-Sep Sun 10:05 WCOOP 03-L: $11 NLHE [Mystery Warm-Up], $100K Gtd 08-Sep Sun 10:05 WCOOP 03-M: $109
BetMGM, the sports wagering arm of MGM Resorts International, has rolled out a feature allowing seamless betting across 29 states with a single digital wallet, marking a major step in the evolution of the brand. The newly enhanced BetMGM app will now enable players to wager across all MGM-licensed states, as long as they are
Aug 22, 2024 3 min read Amateur poker’s premium live festival, the Amateur Poker Association & Tour (APAT) World Championship Of Amateur Poker (WCOAP), kicked off over the weekend atDusk Till Dawn, Nottingham. Every entrant wants to win their respective event not only to give their bankrolls a cash injection but also because each champion
BetMGM, a prominent figure in the iGaming and sports betting landscape, has announced a monumental event: a player has won a staggering $6,450,023 progressive jackpot. This prize sets a new record for the largest jackpot ever won in the legalized online casino sector in the United States. The historic jackpot win: Early on August 19, while
As the 2024 NFL season approaches, the league is taking significant steps to fortify its defenses against betting-related corruption. This year, heightened measures are being implemented to monitor suspicious activities that could compromise the integrity of the sport. The NFL’s senior vice president of security, Cathy Lanier, cited by ESPN, has disclosed a comprehensive strategy
The debate surrounding the Koi Nation’s proposed casino and resort in Windsor, California, has intensified with notable political figures and entities lining up against the project. The opposition includes local bodies like the Windsor Town Council and the Sonoma County Board of Supervisors, extending up to state and national representatives such as Sen. Mike McGuire, Reps. Jared
Imperial Pacific International (IPI), a Chinese investment holding company based in Hong Kong, is making headlines as it seeks federal bankruptcy court permission to sell its hotel casino in Saipan, Northern Mariana Islands, and other significant assets to Loi Lam Sit for a proposed sum of $10 million. This request marks a pivotal moment in
BetMGM, a key player in the iGaming and sports betting industry, has ushered in a groundbreaking development by introducing the first sports betting app that provides seamless, nationwide connectivity for Nevada bettors through a single digital wallet. This advancement is in partnership with MGM Resorts International and leverages technology from Entain, positioning BetMGM as the only legal sports betting app
In recent years, Virginia has witnessed significant growth in the gambling industry, but the state’s regulatory framework has struggled to keep pace. With the industry now sprawling across various forms of gaming, from casinos to online betting, state lawmakers are debating the creation of a Virginia Gaming Commission to oversee this booming sector. For over
As the deadline for prioritized licence applications in Brazil has now passed, a total of 113 operators have submitted their requests, aiming to secure a foothold in the country’s soon-to-launch legal betting market. By meeting the deadline of August 20, these operators have ensured their applications will be processed in time for the anticipated launch