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Industry
February 21, 2022
ACT Government Plans to Remove 363 Pokie Authorizations by 2024
The Australian Capital Territory (ACT) government is looking for deliberate post-COVID 19 pandemic policies to reach its 2024 target for 3500 pokie authorizations in the territory’s clubs. The target was established in accordance with the Labor-Greens governing and parliamentary agreement. The agreement also touches on other sensitive matters like housing and climate. ACT’s Government Has […]
Industry
February 21, 2022
Betting and Gaming Council Report Shows Fallacy of Over-regulation
Governments and regulators continue to turn the screws on the clamps holding down the regulated gambling industry. As they do, they are inadvertently allowing the size of the unregulated market to grow. This is the revelation of a new report conducted by the Betting and Gaming Council (BGC), which shows that offshore gambling across Europe […]
Industry
February 21, 2022
UK MPs Are Flooded with Freebies Ahead of the Gambling Act Review
Betting operators in the UK have flooded MPs with around £100,000 ($136,000) in freebies as the review of the Gambling Act of 2005 is about to begin. As the Daily Mail reports, rumors are now circulating that the operators are basically trying to buy some friends in the Parliament to rule in favor of the […]
Industry
February 21, 2022
Company Tied to Investor William E. Ford Accused of Torture, Illegal Gambling
Chinese web-based classified ad platform 58.com is under investigation. A Chinese national, responding to an ad on the site, was ultimately kidnapped and tortured for over six weeks after refusing to do a different job than what had been posted. He ended up in Sihanoukville, Cambodia and, instead of working as a bouncer at a […]
Industry
February 21, 2022
AGA Wants Government Intervention for Offshore Gambling
Among issues confronting the US legal sports betting industry, particularly the web-based segment, is the test presented by offshore sportsbooks. The American Gaming Association (AGA) is calling for government intervention to target the unlicensed market. This segment, it asserts, is hindering the growth of the legal market. At the same time, while other countries are […]
Industry
February 21, 2022
Exposé by The Guardian Shows Stake Factoring Still Alive and Well
Several years ago, it was determined that gambling operators employed stake factoring in their daily activity. Through it, operators assign a profile to their customers that determines how much they can stake. Those who regularly lose, according to the reports, are able to gamble more, while winners find their activity restricted. Operators asserted at the […]
Industry
February 21, 2022
NHS Confirms to Stop Accepting Money from Gambling Industry
The National Health Service has confirmed that it will no longer accept payments and financial assistance by gambling firms to fund treatment services. This comes as the NHS launches two new clinics to treat addiction in Southampton and Stoke-On-Trent. NHS mental health director Claire Murdoch confirmed the news with GambleAware, an NGO that has been […]
Industry
February 19, 2022
Sightline Payments Hires Larry Whelan and Shannon Nadeau
Sightline Payments announced that it hired Shannon Nadeau to serve as the company’s director of regulatory and licensing compliance. The leading payments provider appointed Larry Whelan as director of risk. Sightline Payments Expands Leadership Team The leading sports betting and casino gaming digital payments provider, Sightline Payments, announced that it hired the services of Shannon […]
Industry
February 18, 2022
BGC Calls UK Government to ‘Learn Lessons from Abroad’
The Betting and Gaming Council (BGC) issued a warning to the UK Government ahead of the release of its White Paper the industry is at a dangerous crossroads, citing research on black markets in other European countries following the introduction of strict new gambling measures. Gambling Industry at a ‘Dangerous Crossroads’ The BGC that was […]
Industry
February 18, 2022
DraftKings’ Q4 Earnings Report Revealed Strong Growth YoY
DraftKings announced today its financial results for the three months ended December 31 and full-year 2021 report posting 47% quarterly growth year-over-year with Q4 revenue of $473 million, yet markets reacted by ditching its stock. Revenue Exceeding Expectations Revenue generated by DraftKings in the final three months of 2021 beat the market consensus of $439 […]