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Legal
August 15, 2022
Convict Enticed Investors with Betting Opportunities
A man from Las Vegas allegedly scammed dozens of investors with promises of lucrative sports bets. He claimed he could generate double-digit profits by using an intricate algorithm and placing successful wagers. At the end of the day, his promises were too good to be true and he ended up stealing $8.5 million, his indictment […]
Legal
August 12, 2022
Chile Casino Executives’ Homes Raided Amidst Suspected Collusion
Chile’s gaming industry scenery is not looking as bright as it could be and industry moves aren’t hitting their stride as some might have expected, so a closer look at the future doesn’t inspire too much confidence – not for the industry, and not for investors. Multiple Possible Reasons for Raids Diario Financiero (DF) reported […]
Legal
August 11, 2022
Georgia’s Democrat Gov Candidate Supports Gambling
Stacey Abrams, Democratic candidate for governor in Georgia, said she would support education and gambling if she is elected. Abrams plans to provide successful students with more opportunities and to fight for the legalization of gambling in the state. Abrams Plans to Use Gambling Tax Money to Fuel Education The Democrat nominee explained her goal […]
Legal
August 11, 2022
Vietnam Battling Illegal Sports Betting, Calls for Full Legalization Resurface
During a Q&A part of the 14th session of 15th National Assembly Standing Committee, the Minister of Public Security was asked about the state of sports betting within the country. His answers mostly boiled down to lack of regulatory bodies and compliant businesses to operate legally within the industry, which is currently entirely underground and […]
Legal
August 9, 2022
PredictIt Loses USA License, Closes Shop in February
The US Commodity Futures Trading Commission (CFTC) announced on 4 August that PredictIt, the website offering wagers on the outcome of political events, would no longer be able to operate in the country. The platform must completely withdraw from the USA by February 2023. PredictIt Started as a University Research Project The CFTC did not […]
Legal
August 5, 2022
Okada Manila Corporate Wrangle to Continue with Inspection
The corporate wrangle around Okada Manila casino integrated resort in the Philippines continued with the board backed by Tiger Resort Asia (TRA) sending a demand letter to the board backed by Kazuo Okada demanding internal documents inspection. Disbursing Funds from the Casino Cage TRA, the owner of 99.9% of the voting rights of Tiger Resorts, […]
Legal
July 29, 2022
SEK 10M Claim Filed Against Kindred Subsidiary in Sweden
Swedish entrepreneur and Odd Molly founder Per Holknekt has submitted a major lawsuit to Stockholm District Court against the parent company of Unibet, Kindred Group, together with a claim for over SEK 10 million ($986,263). Holknekt Speaks Openly About His Gambling Addiction 62-year-old Per Holknekt has been struggling with gambling addiction for a long time. […]
Legal
July 25, 2022
GambleAware Responds to UK Government Over Loot Boxes Usage
GambleAware, a reputable UK organization that helps players with gambling problems, has published a statement in which it responds to the government of the country over the use of loot boxes in video games. In the statement, GambleAware says that it hopes that the new government will consider legislative action on their use, especially when […]
Legal
July 25, 2022
Principal Addicted to Gambling Receives a Teaching Job After Scandal
Recovering gambling addict Malachy McNulty has received a teaching job after the former principal embezzled €100,000 ($102,000) from a special needs school, The Irish Sun on Sunday reported. McNulty struggled with severe gambling addiction which sent him into reckless patterns, resulting in theft from the school he was at the time a principal of. Recovering […]
Legal
July 25, 2022
Thailand Committee Wraps up Overview of Casino Resorts
Thailand seems more confident by the day in passing legalization that will allow the country to launch its first legal casinos. According to a report by the Bangkok Post, a parliamentary committee that is assessing the feasibility of the project, there is a good chance that the country may realize its potential insofar as the […]
