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Industry
January 30, 2024
GRIT Act to Combat Rising Gambling Addiction across the US
Earlier this month, Sen. Richard Blumenthal along with Rep. Andrea Salinas introduced a new proposal called the Gambling Addiction, Recovery, Investment, and Treatment (GRIT) Act, proposing the allocation of additional funds toward treatment and prevention of gambling-related disorders. The proposal is built upon the existing federal excise tax that applies 0.0025% on every sports wager […]
Industry
January 30, 2024
New Bill Proposes Online Gambling Legalization in Maryland
After the countrywide expansion of legal sports betting, legislators in different US states are exploring opportunities to legalize online gambling activities. Also referred to as iGaming activities, online gambling can raise valuable tax revenue while at the same time providing players with a legal way to gamble. While currently there are several states that offer […]
Industry
January 30, 2024
Sale in the Cards for Suspended New Hampshire Casino Owner
Andy Sanborn, a former New Hampshire state Senator and owner of Concord Casino, faced accusations of improper use of more than $800,000 in COVID relief funds. Claims of the alleged fraudulent activity of the former senator emerged last year. Sanborn was accused of misusing some $844,000 in Small Business Administration (SBA) loans. The accusations against […]
Industry
January 30, 2024
New Regulations Introduced at Star Entertainment to Curb Excessive Gambling
In response to mounting pressure from government inquiries and community concerns regarding gambling addiction, Star Entertainment has announced stringent new regulations aimed at curbing excessive gambling habits among its patrons. Star Club Members Briefed on New Responsible Gambling Measures Members of The Star Club have been briefed on the forthcoming changes, which include mandatory breaks […]
Industry
January 30, 2024
China’s Skin Gambling Websites Outsmart Stringent Regulations
To circumvent stringent online gambling laws in China, a new breed of gambling websites has emerged, utilizing strategic disguises to evade regulatory scrutiny. The Rise of Skin Gambling in China’s Online Wagering Landscape These gambling platforms, collectively known as “skin gambling” websites, have found innovative ways to operate within the confines of the law while […]
Industry
January 29, 2024
The Dones and the Coates Rank among UK’s Biggest Taxpayers
Gambling industry representatives have once again appeared at the top of The Sunday Times’ Tax List. The 2024 edition of the list shows that the owners of Betfred and bet365 occupy two of the five top spots. Outclassing celebrities such as Harry Potter author J.K. Rowling (31st place) and singer Ed Sheeran (32nd place), Fred […]
Industry
January 29, 2024
Hong Kong Police Arrests 347 During Three-Day Operation
During a crackdown aimed at 252 illegal establishments and entertainment venues spread citywide across three days, Hong Kong authorities have completed 347 total arrests connected to triad-controlled sex, drug, and gambling businesses. Uncovered Illegal Businesses, Closed Down The hundreds of drug dens, gambling venues, and pubs that did not carry any licenses to function were […]
Industry
January 29, 2024
Svenska Spel to Offer Free Gamban Licenses to Customers
Svenska Spel, Sweden’s former online gambling monopoly, has formed a new partnership with Gamban, a provider of self-exclusion services and safer gambling tools. Under the deal, Gamban will supply the Swedish state-owned operator with blocking software. Thanks to the agreement, Svenska Spel clients who have opted to self-exclude from gambling will be provided with a […]
Industry
January 29, 2024
Revolutionizing iGaming Through Cryptocurrency Payment Integration
Its participation underscores its dedication and commitment to unveiling innovative crypto payment solutions designed specifically for the ever-evolving iGaming sector. The dynamic fusion of iGaming and cryptocurrency has become an undeniable force, reshaping the landscape of the iGaming industry at a remarkable pace. Cryptocurrency payments are gaining significant traction, highlighting the industry’s adaptability and resilience […]
Industry
January 29, 2024
New York State’s Mobile Sports Betting Surpasses $3B Milestone
New York’s mobile sports betting industry has surpassed the $3 billion mark in operator revenue, according to the latest report from the New York State Gaming Commission. New York’s Betting Market Thrives with Robust Figures for Week Ending January 21 The figures for the week ending January 21 revealed a robust $47.5 million in adjusted […]
