Industry
July 5, 2022
Minister Philp Addressed Online Slots, Casinos, National Lottery
Online casinos and in particular slots will be the focus of the upcoming White Paper, suggested Gambling Minister Chris Philp at the Digital, Culture, Media and Sports (DCMS) Committee meeting today. Philp also told MPs any potential damage payment to Camelot would affect money for good causes. In the White Paper’s Crosshairs Minister Philp was […]
Industry
July 5, 2022
Ontario’s AGCO Appoints Turcotte as Chief Legal Officer
The Alcohol and Gaming Commission of Ontario (AGCO) has officially named Josée Turcotte as its new chief legal officer. Turcotte will step into the shoes of Bruce Caughill, who gave up the position to manage Rush Street Interactive’s operations within the Canadian borders. Turcotte Will Supervise AGCO’s Approach to Legal Matters In her new position, […]
Legal
July 5, 2022
Romanian Gamblers Prepare for 40% Tax on Withdrawals
The Romanian Ministry of Finance has published its latest Fiscal Code draft featuring a massive 40% tax on casino withdrawals. The fresh code that contains additional updates to other important tax laws in the country has already sparked controversy among trade bodies in the industry. Among them, the Association of Remote Gambling Organizations (AOJND) voiced […]
Industry
July 5, 2022
Macau Posted the Rules for Re-tendering Casino Licenses
Macau’s government just unveiled the rules for the re-tendering of the region’s gambling licenses. There will be several criteria by which the government will decide whether to license a company or not. Macau Seeks Companies that Can Revitalize the Sector Today, the Macau government published the rules for the re-tendering of the special administrative region’s […]
Business
July 5, 2022
IGT Finalizes iSoftBet Acquisition and Expands in Digital
IGT PLC has informed investors that the New York Stock Exchange-listed technology group has completed its acquisition of iSoftBet. The deal is evaluated at €160 million and has resulted in IGT acquiring full control over the developer. Securing New In-House Game Developer ISoftBet originally announced its intention to acquire the company in April 2022, seeking […]
Industry
July 5, 2022
Ontario Regulator Reportedly Looking Into the Self-Exclusion Loophole
The Alcohol and Gaming Commission of Ontario (AGCO) has reportedly entered a review stage of the self-exclusion standards in the province after a bet loophole has been exposed. Players have found a way to “cheat” while playing at online sportsbooks by self-excluding, requesting to have their money returned, and then, using the funds at a […]
Casino
July 5, 2022
New MGM-branded Hotel to Open in Shanghai
In a joint venture with Diaoyutai State Guesthouse, MGM Resorts International has announced that it is going to open an MGM hotel in Shanghai called MGM Shanghai West Bund, which will sport 219 guest rooms and suites. The new project will help MGM grow its presence in mainland China. The New MGM-branded Hotel The MGM-Diaoyutai […]
Casino
July 5, 2022
Phillips 66 Takes Stance on Unresolved Missouri Gambling Machines Issue
Missouri is continuing to be plagued by pre-reveal games with a questionable legal status and big companies aren’t taking enough initiative to tip the scales in favor of tighter regulation. Missouri Laws Unclear, Cause Problems Phillips 66 – the Texas-headquartered energy provider, is a major fuel supplier in Missouri and Bernardo Fallas – a Phillips […]
Casino
July 5, 2022
Alvin Chau May Have Shorthanded Macau $1B Worth of Tax
The fall from grace of Alvin Chau, the prominent casino junket boss in Macau, whose Suncity Group was running an extensive business in the special administrative region and beyond, may have “cheated” the gambling industry in the hub out of $1 billion in tax revenue, Asia Nikkei reported. Alvin Chau’s Syndicate Explained by Prosecutors Chau […]
Business
July 5, 2022
Sportingtech Appoints Bobby Longhurst as New Managing Director
Sports betting and gaming platform provider Sportingtech has revealed a new executive change by appointing Bobby Longhurst as the company’s new managing director. In this position, Longhurst will oversee the company’s growth ambitions and the general strategy needed to be deployed to achieve this. Sportingtech Brings the Right Executive to the Job Previously, Longhurst […]
