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Industry
September 22, 2023
IGSA Confirms Creation of Cyber Resiliency Committee
The largest technical standards development organization focused on creating standards for the global gaming industry, the International Gaming Standards Association (IGSA), announced it forged a new committee that seeks to elevate the standards for cybersecurity. Confirmation about the new Cyber Resiliency Committee (CRC) came Thursday and it comes amid an increasing concern about a growing […]
Industry
September 22, 2023
Leading Gambling Executives to Participate in G2E 2023 Keynote
The world’s premier gathering of commercial and tribal gaming professionals, G2E, is planned to take place next month between October 9 and October 12. The much-anticipated event for the gambling sector will feature a dynamic keynote with recognizable executives from the industry. The keynote will precede the grand opening ceremony of the expo floor on […]
Industry
September 22, 2023
AML Operation Seizes $1.7bn in Assets in Singapore
Last month, an operation by the Singapore National Police against a group of foreign nationals, allegedly involved in money laundering and other criminal activities, including online gambling and scams, resulted in the arrest and charges against 10 individuals. At the time of the announcement, an estimated S$1 billion ($732.2 million) in assets were seized. In […]
Industry
September 22, 2023
Bilibili Investors Ask Pomerantz to Investigate Securities Fraud
The premier firm specializing in securities, corporate and antitrust litigation, Pomerantz LLP, announced it is investigating claims on behalf of investors of the online entertainment services provider in China, Bilibili Inc. Details regarding the new probe emerged Thursday, September 21, 2023. The investigation by Pomerantz will seek to determine if some Bilibili directors or officers […]
Industry
September 22, 2023
Ex-financial Advisor Goes to Prison over Stealing Money to Gamble
A 42-year-old former financial advisor from Perth, Australia, was sentenced Friday over stealing money from his clients to fund a gambling addiction. Mark Raymond Sebo was arrested back in November 2022 and pleaded not guilty to 36 charges of stealing money from at least eight individuals or couples. Sebo was sentenced to five years in […]
Industry
September 21, 2023
New South Wales Government Allocates $100M to Combat Gambling Harm
In a significant move to address gambling harm in New South Wales (NSW), the state government has pledged $100 million in funding for initiatives and services to reduce the industry’s harmful effects on communities. This commitment is a part of the first Minns Labor Government Budget, reflecting their long-term dedication to combating money laundering, implementing […]
Industry
September 21, 2023
Chile Bans Offshore Sportsbooks But Operators Remain Adaptive
A few days ago, The Supreme Court of Chile decided to ban unlicensed sports betting websites. However, weeding out offshore sportsbooks might prove a difficult task. Accepting a protection appeal by Superintendencia de Casinos de Juego, Chile’s gambling regulator, the Supreme Court issued the ban on sports betting websites on internet service provider (ISP) Mundo […]
Industry
September 21, 2023
GamCare: The Percentage of People Struggling with Online Slots Has Increased
GamCare data shows that, concerningly, the percentage of online casino players struggling with slot machine-related gambling problems, has increased significantly over the past five years. According to the independent UK charity, three in five people (60%) who sought help last year cited slot games as one of their preferred verticals. For reference, the percentage of […]
Industry
September 21, 2023
Sweden Unveils Plans to Increase Gambling Tax
In 2019, Sweden reregulated its online gambling market, granting licenses to operators and enabling them to offer their services legally to customers in the country. At the time, a tax rate of 18% on gross gaming revenue (GGR) was applied, one that is relatively high when compared to other European countries. Yet, a new proposal […]
Industry
September 21, 2023
AvatarUX Injects Portfolio into BetConstruct
AvatarUX, a leading games studio, has signed a global partnership agreement with BetConstruct, a producer of gambling tech and services. Under the deal, BetConstruct will distribute the studio’s industry-leading content. As a result, BetConstruct will be able to supply AvatarUX’s full portfolio of outstanding hits to its global network of operator partners. Client companies will […]
