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Industry
October 8, 2024
Proposition JJ Seeks to Retain Extra Betting Tax Revenue in Colorado
A proposal that will appear on the ballot in November will try to keep excess tax proceeds from sports betting in Colorado and use them to fund different water projects. The Proposal Will Appear on the Ballot in Colorado Next Month This is the purpose of Proposition JJ, under which Colorado voters will be asked […]
Industry
October 7, 2024
European Commission Publishes Digital Fairness Fitness Check Findings
The European Commission has published the findings of its Digital Fairness Fitness Check, which probed into the current EU consumer protection laws to see if they are fit to protect consumers from harm. The commission learned that online companies have been unfairly influencing customers by various suspicious tactics. Improvements Are Needed The Fitness Check covered […]
Industry
October 7, 2024
CyberHorizon Slapped with Fine by GSC for AML, CTF Failures
The Isle of Man Gambling Supervision Commission (GSC), which is responsible for regulating most forms of gambling in its territory including land-based and online gambling services, has levied a £140,000 ($184,000) fine on CyberHorizon Limited. Multiple AML and CTF Violations The fine came as a result of the commission uncovering multiple violations of anti-money laundering […]
Industry
October 7, 2024
Rappers Shatter Rap and Bingo Stereotypes in New YouTube Series
A rapper duo has visited Mecca Bingos Dagenham to experience one of Britain’s favorite pastimes. The visit took place earlier this year but was aired recently as part of the performers’ “Rappers Try Things” series. The Duo Visited Mecca Bingos Dagenham Barney Artist and Guvna B launched the Rappers Try Things series in order to […]
Industry
October 7, 2024
Playtech and UNLV Team Up to Explore AI-Powered RG Tools
Gambling software development company Playtech has unveiled a new multi-year partnership with the University of Nevada, Las Vegas (UNLV). Under the agreement, the two parties will work together to discover new tech-powered sustainable gambling solutions. Playtech and IGI to Explore New Solutions The arrangement will see Playtech work closely with UNLV’s International Gaming Institute (IGI) […]
Industry
October 7, 2024
Bronx Man Goes to Prison After Shooting Two over Pool Gambling Loss
A young man who lost money gambling on a pool game and shot two people was sentenced to nearly two decades in prison. The incident dates back to December 2022 when two people were shot at a pool hall at Port Jefferson in New York. Violent Criminals Will Be Held Accountable for Their Actions An […]
Industry
October 7, 2024
UAE Awards First Commercial Gaming License to Wynn Resorts
In 2023, Wynn Resorts, the leading gaming, hospitality and entertainment operator, began the construction of its ambitious project in the United Arab Emirates (UAE), Wynn Al Marjan. Now, the company reached a major milestone after securing the first commercial gaming license in the jurisdiction. Wynn Received the License After Extensive Review The license was awarded […]
Industry
October 7, 2024
Brazil: Sports Betting Faces Ban If Addiction Is Unchecked
Brazil is among the countries that legalized sports betting back in 2018. Despite legalizing the activity, the country never launched its betting market as lawmakers failed to establish the required regulations for years. On the bright side, Brazil now aims to launch legal betting in January, after politicians finally focused on the issue. Yet, the […]
Industry
October 7, 2024
Study Reveals IRS Faces $1.5B Tax Loss Due to Unreported Gambling Winnings
A fresh study shows that many gamblers not reporting their winnings has led to the IRS missing out on almost $1.5 billion in taxes from 2018 to 2020. TIGTA Report Reveals Major Tax Shortfall as Thousands Fail to Report Gambling Winnings The Treasury Inspector General for Tax Administration (TIGTA) found that thousands of people did […]
Industry
October 4, 2024
Brazil Gambling in Healthy State Ahead of Regulated Market Launch
A new study, prepared by LCA Consultoria Econômica and commissioned by the Brazilian Institute of Responsible Gaming, shines new light on how gambling affects Brazilian households. According to the report, while Brazil’s sports betting sector records stable growth, its impact on family financial health remains relatively small. New government initiatives should help further reduce gambling […]
