Month: November 2024

Denmark’s Gambling Authority, Spillemyndigheden, has drawn attention to the latest updates from the Financial Action Task Force (FATF) on high-risk jurisdictions, reinforcing the importance of compliance with global anti-money laundering (AML) and counter-financing of terrorism (CFT) measures.    The FATF’s updated lists classify jurisdictions based on their AML/CFT compliance.   – Grey List: Includes countries
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Singapore’s Marina Bay Sands (MBS) integrated resort is reportedly seeking to secure a loan facility of approximately SG$12 billion (US$9 billion), which would mark the largest financing deal in the city-state’s history. According to Bloomberg, this unprecedented move aims to support the planned expansion of its casino and resort complex while also refinancing an existing
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Bally’s Corporation shareholders have approved the company’s $4.6 billion takeover from Standard General, Bally’s largest shareholder. The move paves the way for a merger with The Queen Casino & Entertainment (QC&E), a portfolio company majority-owned by Standard General. In July, Bally’s accepted a $4.6 billion acquisition offer from Standard General, with the hedge fund acquiring
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Global casino management systems and jackpot technology supplier DR Gaming Technology (DRGT) will attend the upcoming Balkan Entertainment and Gaming Exhibition (BEGE) for the first time. The event is set to take place on November 27 – 28, a the Inter Expo Center in Sofia, Bulgaria. “Having recently secured our Bulgarian supplier license, as well as approvals
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Michigan’s online casino and sports betting market reached new heights in October 2024, setting a record with $220.7 million in gross receipts. This marks the state’s highest-ever monthly total for iGaming, surpassing the previous record of $215.2 million set in March. However, sports betting revenue dropped significantly during the same period, reflecting contrasting trends within
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Nov 20, 2024 3 min read Table Of Contents Legendary casino streamer Vegas Matt thrilled fans at Detroit’s MotorCity Casino this weekend with an unforgettable live show, part of his exciting collaboration with FanDuel Casino. The charismatic casino star took the stage on Saturday night alongside his regular crew, including fan favorites E.J, WBG, and
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In a move that has sent shockwaves through Tasmanian politics, the government has postponed the implementation of its pioneering cashless pokies card, citing the need to align with other states for a cohesive pre-commitment strategy. This decision has ignited a political firestorm, leading to a no-confidence motion against Premier Jeremy Rockliff by the Greens. The motion comes in response
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In an impactful development in the corporate landscape of the gaming industry, Bally’s Corporation has announced that its stockholders, during a special meeting held on November 19, 2024, overwhelmingly approved the previously disclosed definitive merger agreement with The Queen Casino & Entertainment Inc. This agreement signifies a critical consolidation within the industry, with The Queen Casino being a significant portfolio company
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The genesis of Singapore’s most significant money laundering investigation occurred following multiple raids on August 15, 2023, targeting individuals involved in scams and extensive online gambling operations. These raids not only disrupted well-orchestrated schemes but also led to the seizure of high-value assets including luxury cars, high-end real estate, and expensive personal items like jewelry and watches. The
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iGaming solutions provider Slotegrator successfully showcased its solutions at SiGMA Europe 2024, one of the main iGaming events of the year. Held in Malta from November 12-14, the show brought together over 27,000 industry professionals from around the world.  Sloegrator said the global event acted as a “dynamic meeting point” for innovation, networking, and reflecting
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