Singapore’s Marina Bay Sands (MBS) has secured a S$12 billion ($9 billion) multi-tranche loan, the largest syndicated loan in Singapore’s history, to refinance existing debt and fund an expansion of its casino resort, reports Bloomberg. The loan, coordinated by DBS Group Holdings, Malayan Banking (Maybank), Oversea-Chinese Banking Corp (OCBC), and United Overseas Bank (UOB), saw participation
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The Welsh government has announced plans to ban greyhound racing “as soon as practically possible,” making Wales the first UK nation to prohibit the sport. Deputy First Minister Huw Irranca-Davies confirmed the decision on Tuesday, citing concerns over animal welfare. While no official timeline has been set, he suggested that the ban could be implemented
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The UK Gambling Commission has raised concerns over inadequate anti-money laundering (AML) practices in the betting sector, warning that operators are failing to properly scrutinize customer data and financial transactions.   John Pierce, the Commission’s enforcement director, outlined these risks at the Gambling Anti-Money Laundering Group Training Day on Feb. 12, highlighting ineffective customer monitoring
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The Colombian government has implemented Decree No. 175, a tax measure that removes the VAT exemption for online gambling, subjecting deposits to a 19% value-added tax (VAT). The regulation, which takes effect on February 21, 2025, applies to all player deposits, regardless of payment method, including cash, bank transfers, and cryptocurrency. VAT Implementation and Industry
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iGaming content provider Pragmatic Play has expanded its footprint in the Latin American market after signing a new partnership with Casinuu. The deal will see Pragmatic Play integrate its portfolio of Slots, Live Casino, and Virtual Sports offerings onto Casinuu’s platform. Casinuu’s customers will now gain access to some of Pragmatic Play’s most popular titles, including
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Washington’s Lottery has achieved the highest level of responsible gambling certification in the U.S., becoming one of only a few states to achieve this milestone. The “Responsible Gambling Verification Best Practices at the Sustaining Level” certification was awarded in December 2024 by the National Council on Problem Gambling (NCPG) and the North American Association of
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PlayStar, a prominent player in New Jersey’s online casino market, has taken a significant step to cement its position and foster expansion by establishing a new Advisory Board. This strategic move is designed to leverage the extensive experience of industry veterans to guide the company’s growth, particularly as it eyes opportunities beyond the Garden State. Strategic expansion
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New South Wales (NSW) liquor and gaming regulators are seeking public feedback on proposed measures to curb gambling harm, including the introduction of facial recognition technology and a third-party exclusion scheme at gambling venues.  The proposals, which will be open for consultation from February 17 to March 14, aim to help identify and exclude problematic
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