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Industry
March 15, 2024
UK Government Faces Pressure for Stricter Gambling Ad Regulations
In a recent parliamentary debate, the UK’s gambling minister, Stuart Andrew, hinted at the possibility of further advertising restrictions if the current regulations prove to be ineffective in curbing gambling-related harms. The discussion, held amidst growing concerns about the pervasive nature of gambling advertisements, shed light on the government’s stance on tackling the issue. UK […]
Business
March 14, 2024
Century Casinos Reports Strong Q4 and 2023 Results
Century Casinos, the leading gaming and hospitality operator, released details regarding its fourth quarter and full year 2023 financial results, pointing to a strong increase in adjusted EBITDAR and operating revenues. The latest financial update emerged Thursday with the company highlighting key metrics of its performance for the year and three months ended December 31, […]
Business
March 14, 2024
GAN Limited’s 2023 Financial Report Shows a Year of Mixed Performance
GAN Limited, a NASDAQ-listed gaming solutions provider, announced its financial results for the quarter and full year ending December 31, 2023. Despite a decline in revenue, the company witnessed a reduction in net loss, reflecting a mixed performance for the year. Revenue Dips 17% with B2B and B2C Segments Showing Declines For the fourth quarter […]
Legal
March 14, 2024
Italian Media Regulator Imposes $1.5M Fine on X Over Gambling Ads
Italian media watchdog, Autorità per le Garanzie nelle Comunicazioni (AGCOM), has levied its first fine of €1.35 million ($1.5 million) against X (Formerly Twitter) for violating regulations regarding gambling advertisements. X Faces Penalty for Breaching Italy’s Dignity Decree The sanction stems from the breach of the prohibition on advertising gambling with monetary winnings or games […]
Business
March 13, 2024
Kindred Highlights Achievements in 2023 Annual and Sustainability Report
One of the world’s leading online gambling operators, Kindred Group, released its 2023 Annual and Sustainability report, highlighting a number of accomplished achievements and upcoming goals. Details regarding the report emerged Wednesday with the company confirming that it has enjoyed exceptional results through the fiscal 2023 year. Following strategic objectives Kindred demonstrated not only financial […]
Casino
March 13, 2024
Coushatta Tribe Unveils Groundbreaking Ceremony for Louisiana Resort Expansion
The Coushatta Tribe of Louisiana announced a groundbreaking ceremony for the expansion of its Coushatta Casino Resort, a casino complex near Kinder. The ceremony is set to take place on March at 10 am and will celebrate the construction of a new eight-story hotel. According to the announcement, the new hotel will sport some 204 […]
Industry
March 13, 2024
Legalization of Casino Gambling Picks up Speed in Thailand
Countries across the globe enjoy the benefits of regulated gambling. The activity helps generate tax revenue which is often used for different programs, including funding of educational and infrastructure projects. A percentage of this generated tax revenue is designated toward treating problem gambling and providing support for people affected by gambling harm. Another benefit of […]
Casino
March 13, 2024
Kyushu Resorts Japan Won’t Appeal the Nagasaki Casino Rejection
Japan is largely viewed as an untapped potential by the gambling industry. Since the country greenlit three casino licenses, several companies have been eyeing opportunities for building a casino resort in the Land of the Rising Sun. Kyushu Resorts Japan, a consortium led by Casinos Austria, sought to grab one of the licenses and presented […]
Business
March 13, 2024
Entain Strengthens Board with Former Wynn Resorts President
Entain, the global sports betting and gaming conglomerate, has appointed Ronald J. Kramer, former president of Wynn Resorts, to its board of directors as an Independent non-executive director. Kramer’s extensive experience in the gaming industry, coupled with his corporate finance background, is expected to fortify Entain’s position in the US market. Kramer’s Arrival and Share […]
Industry
March 12, 2024
Tourist from China Faces Charges for Alleged Staged Kidnapping
People affected by at-risk or problem gambling may engage in different illegal activities, including robberies or scams. However, it is not uncommon that gamblers may attempt to defraud others to gain access to more money. In an interesting case, a Chinese tourist attempted to fake his own kidnapping while allegedly seeking to recoup gambling losses. […]
