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Industry
May 13, 2024
UKGC Executive Emphasizes Importance of Constructive Industry Relations
Recently, the gambling regulator in the UK, the Gambling Commission, unveiled extensive changes in an effort to boost the safety of gamblers in the country. The described changes are in line with the ongoing efforts of the UK government for the overhaul of the gambling sector, initiated as a result of the review of the […]
Industry
May 13, 2024
Police Investigate Murder at MGM National Harbor Hotel & Casino
Law enforcement in Prince George’s County, Maryland, is currently investigating a shooting incident that resulted in the death of one person. The fatal incident dates back to the early hours of Saturday, and it occurred at MGM National Harbor Hotel & Casino in Oxon Hill. What’s known so far is that one person died after […]
Industry
May 13, 2024
CFTC Considers Banning Derivative Betting on Sports and Elections
Ahead of the presidential elections in the United States, a financial regulator has moved closer to implementing a ban on derivatives for betting on political contests and sports. Although it remains unclear if the ban would be implemented in time or if at all, in case this happens, bettors looking to place wagers on the […]
Industry
May 10, 2024
Betfair Becomes CR Vasco Da Gama’s Principal Sponsor
British gambling company Betfair has penned a sponsorship agreement with CR Vasco da Gama, a soccer club from Rio de Janeiro, Brazil. This is notably the biggest sponsorship agreement in the club’s history. According to Vasco’s announcement, the deal is valid through December 31, 2025, and could be renewed for up to two more seasons. […]
Industry
May 10, 2024
Kaizen Gaming’s BVGroup-Powered Betano Brand Launches in the UK
Kaizen Gaming’s Betano brand has forayed into the UK, as previously announced. As of May 10, players in one of Europe’s biggest gaming markets can access Betano’s offerings and enjoy a “safe and entertaining experience.” Betano’s launch in the UK was powered by BVGroup. Under an earlier agreement, the latter company agreed to serve […]
Industry
May 10, 2024
IRS Is Considering Raising the Slot Gaming Tax Form Threshold
A Internal Revenue Service (IRS) proposal could change how slot machine players’ winnings are taxed, raising the tax form threshold. Under the current system, casino winnings are considered taxable revenue. In fact, winning more than $1,200 playing slots will automatically trigger a W-2G tax form. This threshold has remained unchanged since 1977 but a […]
Industry
May 10, 2024
Former Congressional Candidate Pleads Not Guilty to Murder Charge
Daniel Rodimer, a former congressional candidate from Nevada, pleaded not guilty on Wednesday to a murder charge stemming from the death of Christopher Tapp, an Idaho man fatally injured in a Strip hotel room. Rodimer, 45, a former professional wrestler who ran for Nevada’s 3rd congressional district in 2020, was indicted by a grand jury […]
Industry
May 10, 2024
Brazil Implements New 15% Player Winnings Tax
Brazil’s Federal Revenue Service has introduced new guidelines for taxing net prizes obtained from fixed-odds lottery bets, subjecting them to a Personal Income Tax (IRPF) rate of 15%. This development marks another step forward in the country’s efforts to finalize its updated gambling legislation, ushering in a safe and sustainable market that will benefit all […]
Industry
May 9, 2024
Tory MP Davies Accepts £500-an-Hour Consultant Role with Merkur
It is not uncommon for UK MPs to accept consultancy roles with licensed gambling operators in the country. Similar to other income opportunities, as well as benefits such as gifts and hospitality from UK sources, such earnings are registered with the Register of Members’ Financial Interests. One such registered earning concerning the Tory MP Philip […]
Industry
May 9, 2024
Man Who Fueled Gambling Addiction with Money from Fraud Goes to Prison
Problem gambling can have dire consequences to the lives of the people addicted to the activity, their families and loved ones. People affected by at-risk or compulsive gambling may resort to unlawful activities such as scams, fraud and even violent crimes such as robberies. Labeled as vulnerable individuals, such people are also at risk of […]
