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Industry
September 15, 2021
Macau Gambling Stocks Deteriorate Following Newly Announced Restrictions
The top gaming stocks in Macau lost $18.4 billion in market value today, Wednesday, September 15, which is a record-breaking number. The loss in market value is a result of the new tight restrictions on gaming operators that officials have announced. One of the changes, if approved, includes the constant supervision of companies by representatives […]
Industry
September 15, 2021
China Hits 10 Individuals with $900K Penalties for Illegal Gambling
Beijing has once again sent an unequivocal message to those who think they can flaunt the country’s draconian anti-gambling measures. China’s State Administration of Foreign Exchanges (SAFE) has confirmed that ten individuals have been issued cumulative fines to the tune of $900,000 in a case pertaining to illegally remitted funds for the purposes of gambling. The largest […]
Industry
September 15, 2021
Gambling Industry Veteran On Trial for 2019 College Bribery Scandal Ties
Gamal Abdelaziz, a gambling industry veteran of Egyptian-American origin, is currently put on a trial in Boston. The prosecution alleges that Abdelaziz has been involved in the bribery scandal of 2019 where certain reputable colleges were bribed into letting in the children of certain businessmen and celebrities. Operation Varsity Blues: A Short Backstory The bribery scheme was […]
Industry
September 15, 2021
Macau Contemplating Putting a Stop to Casino Sub-concessions
When Macau first introduced legal casinos at the beginning of the century, three concessions were going to be allowed. Then, through some reshuffling and bureaucratic magic, three became six, with the latter three being authorized via sub-concessions. Now, as the city explores massive changes to its gaming laws, the idea of sub-concessions could go away […]
Industry
September 15, 2021
The DC Lottery Has a New Executive, Hints at GambetDC Improvements
Frank Suarez has a monumental task ahead, and it’s likely he doesn’t yet completely grasp how big. According to the Washington Business Journal, Suarez is the new Executive Director of the DC Office of Lottery and Gaming (OLG). In this role, among other things, he will be charged with putting the district’s sports betting app, […]
Industry
September 14, 2021
NOGA Calls for KOA Act Gambling Advertising Volume Control
The association of online gambling operators in the Netherlands commented on the final proposal for the advertising regime provision of the upcoming KOA Act, strongly advising the introduction of advertising volume control. Advertising Limits Not Enough The Netherlands Online Gambling Association (NOGA) criticized the proposed advertising regime in a response to the final advertising and […]
Industry
September 14, 2021
Stanley Mallin, the Creator of Caesars Palace, Dies at the Age of 98
Stanley Mallin, who is well-known to the public for building Caesars Palace with Jay Sarno, has sadly passed away at the age of 98, as reported by The Las Vegas Review-Journal. Sarno described Mallin as a quiet gentleman and these two icons are credited with the casino-hotel concept that Caesars adopted. Vegas gave them the […]
Industry
September 14, 2021
Betsson Group and Gaming Innovation Group Happily Extend Partnership
Leading European gambling and iGaming operator Betsson Group has extended its partnership with cloud-based product and platform services and performance marketing B2B provider Gaming Innovation Group. With the deal extended, Gaming Innovation Group will continue to provide Betsson with its marketing compliance solution – GiG Comply. GiG Remains Betsson’s Compliance Solutions Provider GiG Comply is Gaming Innovation Group’s compliance […]
Industry
September 14, 2021
CUMULUS MEDIA Reveals Many NFL Fans Favor Radio over TV
CUMULUS Media-owned radio network Westwood One led a study on the engagement tendencies among fans of the National Football League. According to the results, Westwood One’s play-by-play NFL broadcasts reach over 56 million listeners over the season, with many of the radio listeners being more engaged and more likely to place a bet or play fantasy. Radio Listeners Are Much […]
Industry
September 13, 2021
Gambling with Lives Launches New Youth Education Program
A foundation set up by the families and friends of young people in the UK who had taken their own lives as a direct result of gambling announced the launch of a new youth education program. Ground-Breaking Youth Education Program Gambling with Lives‘ new ground-breaking youth educational program launched at an event in London today […]