Industry
October 25, 2024
Streamer xQc Loses $1.5M over 9 Hours, Blames Casino Provider
Felix “xQc”, the famous content creator, gaming personality and popular streamer, recently revealed that he gambled almost $3 billion on Stake.com. The revelation came last month, with the social media personality confirming that his total wagers at the time hit the mind-blowing sum of $2,954,739,443. Continuing his gambling activities on Stake.com, xQc recently spoke against […]
Industry
October 25, 2024
Bovada Receives Fine for Illegal Operation in Tennessee
The Tennessee Sports Wagering Council has issued a fine to Bovada, arguing that its operations violate the local rules. Bovada, which is one of the biggest offshore operators in the USA, has been facing a variety of setbacks amid strong pushback from state regulators. The Company Will Have to Pay $50K for the Violations As […]
Industry
October 25, 2024
New Study Reveals Health Impact of Gambling Industry Boom
A newly released report focused on the impact of gambling across the globe, warning about the dangers of such activities and submitting recommendations on how to combat excessive gambling and protect the public. 80 Million People Are Affected by Problem Gambling The report was published by The Lancet, one of the world’s highest-impact academic journals. […]
Industry
October 25, 2024
MGA and UKGC Formalize MoU to Address Black Market, Other Issues
The Malta Gaming Authority (MGA) and the UK Gambling Commission (UKGC) have formalized their Memorandum of Understanding which will see the two watchdogs collaborate on a range of issues, including addressing the black market. UKGC and MGA to Prioritize Intelligence Sharing The UKGC has recently launched a new methodology meant to help it properly assess […]
Industry
October 25, 2024
EA Gets a Break in Austria, Arguing Loot Boxes Aren’t Gambling
Electronic Arts (EA) has just won a pivotal court case in Austria, in which the publisher of video games argued that the loot boxes used in FIFA 23 did not constitute gambling. EA Wins Legal Reprieve in Austria in Loot Boxes Cases Loot boxes have been the subject of fierce debate in places such as […]
Industry
October 24, 2024
William Hill Supports UK Horseracing With Cheltenham Festival Sponsorship
William Hill has been unveiled as the new sponsor of the prestigious County Handicap Hurdle at the Cheltenham Festival, marking a return to a marquee event in the world of jump racing. The race, scheduled for Friday, 14 March 2025, will form part of Gold Cup Day, the grand finale of the Cheltenham Festival. It […]
Industry
October 24, 2024
Dutch Regulator Sanctions Winbet for Offering Illegal Gambling Services
Kansspelautoriteit (KSA), the Netherlands’ Gaming Authority, has issued a sanction against Winbet N.V. for operating illegal gambling services in the country without a license. According to Dutch law, offering games of chance without authorization is forbidden, and the KSA is actively working to enforce these regulations. Winbet will face a substantial financial penalty if it […]
Industry
October 24, 2024
New Report Warns of Money Laundering Threat in India’s iGaming Sector
With a whopping number of 442 million gamers, India has become the second-largest gaming market worldwide, only surpassed by China. As with the rest of the global gaming hubs, India is also dealing with money laundering concerns tied to the gaming industry, among others. A recent report has emphasized the need for stricter regulations to […]
Industry
October 24, 2024
ICRG Gets $500K from San Manuel Band of Mission Indians, G2E
Having proved the efficiency of its work and core mission, the International Center for Responsible Gaming (ICRG) is continuing to raise contributions from the gambling industry to advance research in better understanding of the reasons behind gambling disorders and gambling-related problems. ICRG Continues to Elicit Strong Support from Stakeholders The focus has long been on […]
Industry
October 24, 2024
India Cracks Down on Influencers Who Promote “Illegal” Gambling
With India’s state of gambling regulation being a hot mess, a thriving black market has proliferated, mostly related to online casino operators, which are still unregulated in the country and enjoying a “grey area status”, and unlikely to be regulated on a federal level for many years to come. Indian Ministry Wants to See Influencers […]
