The University of Sydney has come under scrutiny for its financial ties to the gambling industry, including investments in major companies such as Aristocrat and Entain. These companies have also funded academic research and gambling treatment programs at the university, raising concerns about potential conflicts of interest and ethical standards. Documents obtained by The Guardian
Casino News
Lawmakers in New Hampshire are exploring ways to restructure charitable gaming, including placing limits on the annual revenue that a single nonprofit can receive from casino donations. This potential cap is part of a bill introduced by State Representative Dick Ames, D-Jaffrey, who aims to create a more equitable system for distributing funds among charities.
Mark your calendars for January 27 to February 3, 2025, as poker enthusiasts from around the globe will converge at the luxurious Sheraton Hotel and Casino in San Jose, Costa Rica. The Costa Rica Poker Festival promises a week of high-stakes poker action, unforgettable off-the-felt excursions, and a chance to immerse yourself in the vibrant culture of one of Central
The holiday season is heating up for slot enthusiasts as 1spin4win introduces the New Year Prize Rush, a festive network promotion running from December 20, 2024, to January 6, 2025. This promotion offers a total prize pool of €20,000, with 515 cash prizes distributed across 11 popular 1spin4win games. A festive celebration with €20,000 in prizes: With no cap on the number
DraftKings Inc., a major player in online sports betting, is under fire following the filing of a class action lawsuit on December 23, 2024. The suit, brought by Texas resident Eric Avila, accuses the company of unjustly deactivating user accounts and retaining the funds within them. Filed in the US District Court for the District of Massachusetts, the case sheds
Ireland’s Gambling Regulatory Authority (GRAI) is working closely with major banks to implement voluntary blocks on gambling-related transactions made with credit and debit cards. This initiative is part of a broader effort to strengthen consumer protections as the country moves toward establishing a fully regulated gambling market. Collaboration with banks to enhance gambling safeguards: According to Irish Examiner,
Winna.com, a crypto-focused gaming platform, has successfully raised $15 million in a seed funding round. This substantial investment aims to support the platform’s ambitious growth plans and enhance its offerings, solidifying its position in the competitive online gaming industry. Launched in mid-2024, Winna.com has rapidly gained traction, attracting over 10,000 active users. Its CEO and
The Casbit Group, previously the operator of Lalabet and JungliWin online casinos, has been declared bankrupt by the Court of Curaçao. The company’s financial troubles stem from numerous unpaid debts, including €619,500 owed to Dutch gamblers who were unable to claim their winnings. After ceasing operations in Curaçao earlier this year, the group’s casinos are
Crypto.com has announced the debut of its pioneering sports event trading product in the United States, marking a significant milestone for the cryptocurrency trading platform. This innovative feature enables users to predict and trade outcomes of sports events, starting with the Super Bowl, directly through the Crypto.com platform and app. A new era for sports event trading: CEO
The American Gaming Association (AGA) has reported unprecedented achievements for the U.S. commercial gaming sector in 2024, positioning the industry for further expansion in 2025. Total revenue is projected to exceed $67 billion, marking a four-year streak of record-breaking performance. This growth reflects sustained demand across all gaming sectors, with online gaming emerging as a critical driver. Record
Evolution Gaming, a global leader in live casino solutions, is under scrutiny as the UK Gambling Commission (UKGC) has launched a formal review of its operating license. The investigation stems from concerns that Evolution’s games were accessible in the UK through operators lacking the necessary UKGC licenses. UKGC review triggers regulatory concerns: The UK market accounts for just 3%
The highly anticipated Live! Casino & Hotel Louisiana will officially open its doors on February 13, 2025, pending approval from the Louisiana Gaming Control Board. This $270 million project will mark the arrival of North Louisiana’s first land-based casino, promising an unmatched entertainment experience in the Shreveport-Bossier area. Guests can now book rooms at the
Betfred, a leading British sportsbook, is scaling back its operations in the United States, further reducing its footprint as the challenges for smaller betting operators intensify. Recent closures include the termination of its land-based sportsbook at Silver Reef Casino Resort in Washington. The operation ceased on December 16, with the final bets placed the day before, according
The Isle of Man Gambling Supervision Commission (GSC) has levied a £700,000 fine on BMO Manx Limited for significant compliance failures related to anti-money laundering (AML) and counter-terrorism financing (CFT) regulations. The penalty, initially set at £1 million, was reduced by 30% after BMO cooperated with the regulator early in the investigation. The GSC conducted
Jamaica is set to mark a significant milestone in its tourism sector with the announcement of the country’s first casino, scheduled to open at Princess Resorts in late 2025. The development, revealed by Managing Director Enrico Pezzoli during the grand opening of Princess Grand Jamaica and Princess Senses The Mangrove on December 12, 2024, underscores the growing appeal of the island as a premier
Arizona’s tribal gaming sector continues its strong performance, with the Arizona Department of Gaming (ADG) reporting (pdf) $42,508,200 in contributions to the Arizona Benefits Fund for the second quarter of fiscal year 2025. This milestone reflects sustained collaboration between the state and its tribal communities, driving growth in the gaming industry and delivering significant benefits
JPMorgan Chase has divested its stake in Star Entertainment, an Australian casino group grappling with mounting regulatory, operational, and financial difficulties. The gaming company’s recent exchange filing confirmed the investment banker’s exit, which was finalized after holding 5.09% of Star Entertainment’s voting power. Star Entertainment, recognized as Australia’s second-largest casino operator, has faced a barrage
Macau experienced a tourism surge over the three-day holiday weekend from December 20 to 22, 2024, with 312,035 visitors entering the city, according to data released by the Public Security Police. The milestone weekend coincided with the 25th anniversary of Macau’s establishment as a Special Administrative Region (SAR) following its handover from Portuguese to Chinese governance. The peak day of visitor arrivals
Massachusetts casinos and sports betting operations combined for a significant financial milestone in November 2024, generating over $181 million in revenue. The Massachusetts Gaming Commission’s latest report revealed $100.86 million in gross gaming revenue (GGR) from casinos and $80.47 million in taxable revenue from in-person and online sports wagering. Casino revenue breakdown: Among the state’s three casinos, Encore Boston Harbor led the
The Mississippi Gaming Commission recently granted conditional site approval for the Tullis Garden Hotel and Casino project in Biloxi. This decision, made during a meeting in Jackson, allows the developers to move forward, provided certain legal matters are resolved. The key issue involves whether a Tidelands lease is required for the site. Tullis Garden Casino gains conditional approval: Jay McDaniel,