Month: August 2024

Singapore’s legal system took a decisive step by formally charging two former bank relationship managers, marking a significant development in the country’s largest-ever money-laundering scandal. This action represents the first time Singapore has criminally charged finance professionals in connection with the S$3 billion (US$2.3 billion) case. Charges and allegations unveiled: The charges, which were articulated in a local
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The U.S. commercial gaming sector has hit a new milestone with its revenues reaching $17.63 billion in the second quarter of 2024, as reported by the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. This performance represents the 14th consecutive quarter of year-over-year growth and sets a new high for Q2 earnings historically. Diverse growth across gaming
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The University of Notre Dame, Indiana, has announced a suspension of its men’s swimming program for at least one academic year following an investigation that revealed violations of NCAA gambling regulations. This decision comes after an external review confirmed reports of misconduct within the team, indicating a breach of the expected conduct standards for student-athletes. Investigation and
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The Nevada Gaming Control Board has filed a disciplinary complaint against Resorts World Las Vegas, alleging that the casino engaged in significant regulatory breaches. The complaint, submitted Thursday, accuses the casino of having allowed individuals with connections to illegal bookmaking, histories of gambling-related felony convictions, and ties to organized crime to gamble on its premises.
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Play’n GO, a prominent player in online casino content, has recently introduced its latest online video slot, ‘Scourge of Rome’. This new title transports players back to 218 BC, dramatizing one of the most daring military maneuvers in history—Hannibal Barca’s legendary march across the Alps to challenge the Roman Empire. In ‘Scourge of Rome’, players
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Nevada’s gaming watchdog has lodged a formal complaint against Resorts World, accusing the establishment of fostering an environment conducive to money laundering linked to illicit bookmaking activities. This 31-page complaint, filed early Thursday, marks a significant escalation in the ongoing scrutiny of the casino’s operational practices. Regulatory backdrop and past penalties: The Nevada Gaming Control Board’s
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The temporary Bally’s Chicago opened its new VIP Lounge for high rollers with a ribbon-cutting ceremony on Monday. Amenities include private space away from the Medinah Temple gambling floor, complimentary food, non-alcoholic beverages, comfortable seating, and televisions showing sports and entertainment programming. The new space is located on the third level and opens daily for
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The Netherlands gambling authority, the Kansspelautoriteit (KSA), has warned 13 online gambling providers against obstructing and delaying payouts to its customers. According to the KSA’s announcement, a study of online gambling license holders revealed that 13 operators placed illegal conditions on their payout processes.  Nine of those operators have been informed to remove these conditions
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A federal judge is expected to consolidate several lawsuits this week involving former MGM Resorts International employees who claim they were wrongfully terminated for refusing the company’s COVID-19 vaccine mandate. The lawsuits, filed between December 2022 and July 2024 in the U.S. District Court of Nevada, allege that MGM dismissed workers who declined the vaccine on religious grounds,
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iGaming software solutions provider SOFTSWISS is expanding its Tournament Tool within the Game Aggregator to include non-cash prizes. iGaming brands using the tool can now offer rewards such as free spins, luxury cars, trips, mobile devices, and branded merchandise. The Tournament Tool has led to a 22% increase in average daily bets per user, with more than 20
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AI is playing an increasingly important role in the gambling industry, having turned from a “nice-to-have” to a must-have. Companies failing to leverage its capabilities risk being left behind, missing out on artificial intelligence’s potential to automate and optimize processes. And in the context of a sector so reliant on innovation such as iGaming, where
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