In response to a recent United Nations report, Mark Rutherford, acting chief officer of the Isle of Man’s Gambling Supervision Commission (GSC), addressed claims that the island’s regulatory approach is too lenient, potentially enabling international crime syndicates to exploit the jurisdiction for cyber-fraud. Rutherford expressed disappointment over the criticism, emphasizing that the GSC adheres to
Casino News
Australian casino operator Star Entertainment has reported a sharp decline in first-quarter revenue, revealing losses influenced by tightened regulatory requirements and shifts in consumer behavior. The company, which oversees several casinos, cited challenging market conditions and mandatory gaming restrictions as major contributors to its revenue decrease, causing further uncertainty about its financial future. The quarterly
In a significant move within the iGaming industry, Glitnor Group has executed a Share Purchase Agreement (SPA) to acquire OneCasino, a distinguished iGaming operator renowned for its robust market position in various regulated European regions such as the Netherlands, Spain, Denmark, and soon, Germany, pending final license approval. Strategic implications of the acquisition: The integration of OneCasino into
In a thrilling update for fantasy sports enthusiasts, PrizePicks, North America’s leading daily fantasy sports operator, has announced its second annual PrizePicks World Championship. The event promises an electrifying lineup of stars, including ESPN’s Stephen A. Smith, alongside celebrity competitors like Druski, Sean O’Malley, and the defending champion, Kyle Forgeard. The showdown is set to take place
Despite experiencing its third consecutive month of revenue decline on the Las Vegas Strip, Nevada’s overall gaming revenue saw a slight increase in September. According to data from the Nevada Gaming Control Board, statewide casino earnings reached $1.31 billion, up from $1.27 billion in the same month last year. This increment comes amidst a 1.8% drop on the
Aristocrat Technologies, a leader in the global gaming industry, has achieved a significant milestone by becoming the first international company to secure a gaming-related vendor license in the United Arab Emirates. This landmark development not only enhances Aristocrat’s footprint in the global market but also introduces a new era of gaming within the UAE. Breakthrough in
Illinois has taken decisive action to uphold the integrity of professional football by imposing restrictions on specific types of NFL game bets. This measure comes directly in response to concerns expressed by the NFL, which fears certain bets could be easily manipulated by individuals such as players, coaches, or referees. Comprehensive overview of prohibited betting types: The Illinois Gaming
After years of contentious legal battles, the Seminole Tribe of Florida and West Flagler Parties, including West Flagler Associates, LTD, Bonita-Fort Myers Corporation, and Southwest Florida Enterprises, Inc., have reached a comprehensive settlement to move forward in a partnership. The agreement signifies the West Flagler Parties’ commitment to cease all future litigation against the Seminole
Sahara Las Vegas, located on the northern end of the Las Vegas Strip, is preparing to close its seven-table poker room on November 16, with plans to replace it with a new slot machine area debuting in mid-December. This decision reflects an ongoing trend in Las Vegas, where smaller poker rooms have struggled to maintain
In a notable advancement in retail investing, Robinhood has introduced a new way for users to engage with the upcoming U.S. presidential election. Starting on October 28, Robinhood’s platform will enable U.S. citizens to speculate on the potential outcomes of the election by purchasing derivative contracts focused on the presidential race. This move positions Robinhood at the forefront of
The Philippine Amusement and Gaming Corporation (PAGCOR) has disclosed an impressive financial performance for the first nine months of 2024, with revenues reaching Php79.43 billion (US$1.36 billion). This figure marks a 42% increase compared to the same period last year, showcasing a robust growth trajectory for the regulator. Record-breaking quarterly revenues: Significantly, the third quarter of 2024
As the World Poker Tour (WPT) season reaches its climax, ClubWPT, the official online poker platform of the WPT, offers a series of last-chance qualifiers this weekend, November 2nd and 3rd. These qualifiers allow members to secure their spots at the WPT World Championship festival, including entries to its marquee events. Final opportunities for poker enthusiasts: ClubWPT is well
France’s plan to legalize online casinos has been put on hold following significant opposition from industry stakeholders and regional authorities. The government, under Prime Minister Michel Barnier, initially included an amendment to the 2025 budget that would have introduced online casino legislation, but this proposal has been shelved to allow for further consultation. The decision
Plans to legalize casino entertainment complexes in Thailand have been delayed, with the government opting to hold further discussions with coalition partners and stakeholders before moving forward. The proposed bill, which aims to bring legal casinos to the country, is a key part of the Pheu Thai-led government’s policy agenda. However, the process has been
In a significant expansion of its brand portfolio, easyGroup has announced its entry into the UK sports betting market with the launch of easyBet.net. This initiative represents a strategic move to leverage the sports betting industry’s growth potential while extending the reputable ‘easy’ brand into new business territories. easyBet.net: innovating sports betting: easyBet.net emerges as a fresh
The Philippines is on the verge of a significant regulatory milestone as it nears its removal from the Financial Action Task Force’s (FATF) grey list. This progress stems from a series of strategic reforms implemented to enhance the nation’s anti-money laundering (AML) and combating the financing of terrorism (CFT) frameworks, aligning with international standards. In-depth review of AML/CFT
In a decisive move to combat illicit gambling activities, Macau’s government has enforced a robust new legislation known as the Illegal Gaming Law, which became effective immediately following its publication. This law marks a significant enhancement in the legal controls over the gaming industry, specifically targeting under-the-table betting and unauthorized money exchanges that have been rampant
In Rockford, Illinois, a significant push by a coalition of labor unions at Hard Rock Casino Rockford has called for the management to acknowledge and negotiate with unionized employees rather than spend resources on anti-union activities. This demand was voiced during a rally dubbed “Rally for Respect” held outside the casino’s premises. Labor unions advocate for recognition: Sara Dorner, the
The Malta Gaming Authority (MGA) and the UK Gambling Commission (UKGC) have taken their long-standing collaboration to the next level by signing a Memorandum of Understanding (MoU), formalizing their joint efforts to regulate the global gaming industry. This agreement marks an important milestone in how both regulatory bodies aim to enhance consumer protection, prevent criminal
Hacksaw Gaming has once again tapped into the world of mythology with the release of Rise of Ymir, a new online slot that immerses players in the rich lore of Norse gods and giants. Set against the backdrop of a fierce and frozen battlefield, Rise of Ymir transports players to an ancient era where powerful