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Industry
October 4, 2024
JP Morgan Foresees $2.5bn-$5bn Annual Revenue for Bangkok’s IRs
Thailand, a country that strictly bans gambling except for state-controlled horse races and an official state lottery, will soon hit the refresh button in this department thanks to an important preliminary framework from the Parliament endorsed by Prime Minister Srettha Thavisin’s cabinet in April. The daring framework, which included up to five licenses for IRs […]
Business
October 4, 2024
BetMGM Enjoys Strong Progress in Online Gambling
A majority of the US states currently offer sports betting but when it comes to online casino, the number of states where the activity is available is quite low. A total of seven states currently offer legal iGaming but that number may grow in the future in case lawmakers consider benefitting from new revenue-generating activities. […]
Industry
October 4, 2024
Sweden Mulls Possible Tax Reduction to Fight Scourge of Illegal Gambling
Swedish lawmaker Carl Nordblom has suggested that the country may indeed be forced to lower its gambling tax, giving operators more leeway to offer a competitive offer that should, in theory, enable licensed operators to combat the black market. Lawmaker Suggests Government to Renege on Gambling Tax This suggestion comes only a few months after […]
Casino
October 4, 2024
Wichita and Affiliated Tribes to Transition to Solar Power with DOE Grant
The Wichita and Affiliated Tribes have shared their plans to switch to solar energy. They are making this move with the help of a $3.8 million grant from the US Department of Energy (DOE). Solar Project to Save $9M and Power Sugar Creek Casino and Hotel by 2025 This project has an impact on cutting […]
Industry
October 4, 2024
Massachusetts Launches Long-Awaited Problem Gambling Initiative
After delays spanning years, gaming officials in Massachusetts are moving forward with a data-gathering initiative that has been on hold for a long time. This project aims to tackle problem gambling. Massachusetts Gaming Commission: Progress on Key Responsible Gambling Project ‘Miraculous’ The project has run into many roadblocks from the start, like political issues and […]
Industry
October 4, 2024
Papaya Gaming Has 14 Days to Leave Michigan Because of Illegal Gambling
Papaya Gaming, a company operating from Tel Aviv, Israel, is now under regulatory attack in the United States. The Michigan Gaming Control Board (MGCB) has published a public statement in which it said that it had sent a cease-and-desist letter to the company. Papaya Gaming Stands Accused of Offering Illegal Gambling in Michigan The MGCB […]
Casino
October 4, 2024
New York Mandates Addiction Warnings on Gambling Ads
Governor Kathy Hochul has signed a new bill into law that imposes stricter regulations on gambling advertisements in New York. The legislation, S1550/A1118, requires that all advertisements for gambling and sports betting must include warnings of the addictive and harmful effects of gambling. This legislation now extends previous requirements that required gambling advertisements to display […]
Industry
October 3, 2024
Casino Dealer Tucks Chips in Pants, Gets Sent to Prison
According to prosecutors in the Southeast Asia island city-state of Singapore, a card dealer at the Resorts World Sentosa (RWS) casino made off with at least S$55,000 ($42,800) in chips by setting up a hand scheme. To evade detection, the man, identified as 35-year-old Oumnakil Thanakorn originally from Thailand, used the help of two women […]
Casino
October 3, 2024
Caeasars Launches Horseshoe Online Casino, Exit WynnBET
Caesars is happy to be introducing the Horseshoe Online Casino, which is essentially allowing the company to run two iGaming operations focused on games of chance in the Great Lakes States. WynnBET Bows Out to Make Room for Horseshoe Online Casino Securing the skin from WynnBET earlier this year in February and finalizing the deal […]
Legal
October 3, 2024
BetMGM Faces Increased Scrutiny in Massachusetts Over Banned College Bets
BetMGM is under more scrutiny in Massachusetts after an audit showed more rule-breaking about banned sports bets. Massachusetts Probes BetMGM Over $200,000 in Prohibited NCAA Football Prop Bets The problems first reported earlier this year, are about over 15,000 prop bets on how NCAA football players did during the 2023 season. These bets’ handle reached […]
