Business
November 25, 2024
Bet-at-Home Weighs Sale amid Operational Challenges
Bet-at-home AG, a veteran in the online gaming and sports betting industry, is reportedly exploring a potential sale, according to a recent NEXT.io report. Despite recent struggles, the company’s resilient financial performance could make the operator an attractive acquisition target. Bet-at-home maintains a presence in several European markets, further aiding its prospects. Unfavorable Developments Hurt […]
Industry
November 25, 2024
Banned Pro Gamblers’ Syndicate Buys IDs to Get Back Into Action
In another exclusive exposé by The Guardian, the publication revealed a concerning truth: players who have been banned from accessing online casinos and betting platforms can purchase identity documents and set up multiple bank and betting accounts under another person’s name. The Gambling Syndicate That Exploits Vulnerable Young Men Henry Belot’s investigation unfolded in an […]
Industry
November 25, 2024
Supreme Court in Nigeria Hands Gaming Regulation to States
A historic decision of the Nigerian Supreme Court has put an end to a decade-long legal battle over the authority of regulating lottery and gambling activities in the country. State Governments Gain Authority over Gaming, Lotteries The decision on Friday effectively nullified the National Lottery Act 2005, a law that governed gambling nationally. The Nigerian […]
Industry
November 25, 2024
Thousands of Bank Accounts Linked to iGaming Blocked In Indonesia
Indonesia, similar to other countries in Asia, is taking proactive measures against gambling activities. Since gambling, both online and via retail outlets is prohibited, the country constantly fights the illegal gambling sector. In the fight against unlawful gambling, Indonesia has taken a tough stance with the help of financial institutions, including banks and other providers […]
Industry
November 22, 2024
Polish Gaming Association Accuses Unibet of Violations
Kindred Group is a recognizable company that is a parent to many popular betting and gaming brands. Currently, the company together with its subsidiary, Trannel International Ltd, offers its services via the Unibet brand to customers in Poland. However, this offering, according to one legal Polish group, is against the established online gambling regulations. As […]
Business
November 21, 2024
Monkey Tilt Scoops Up $30M in Series A Funding Led by Pantera Capital
The leading innovator in the online gaming space, Monkey Tilt, has secured $30 million in Series A funding. The platform, which debuted in March 2024, is setting new standards for gaming by merging industry expertise with a cutting-edge user experience. This funding round, finalized over the summer, was spearheaded by Menlo Park, California-based hedge fund […]
Industry
November 21, 2024
Belgium: Study Links Video Game Gambling Features to Teen Gambling
The first-person shooter game by Valve, Half-Life 2 recently celebrated its 20th anniversary. Unlike present-day games, the 2004-released game which is already recognized as classic doesn’t offer the popular loot boxes that grant a chance for a cosmetic item, special weapon or other valuable in-game item. While loot boxes are an inseparable part of most […]
Industry
November 21, 2024
IGT Confirms Cybersecurity Incident, Launches Investigation
Cyberattacks are not uncommon, especially in the global gambling industry. In 2023, two recognizable gambling operators became victims of cybersecurity breaches. That is the case for MGM Resorts and Caesars Entertainment. Now, another recognizable company within the vertical was affected by a cyberattack. The Cyberattack Temporary Impacted Internal Systems and Applications A filing with the […]
Industry
November 20, 2024
Dutch Lawmakers Propose Gambling Ads, Credit Card Ban
More countries across Europe are considering expanding the restrictions on gambling advertising amid growing fears of addiction and harm. In 2021, the Netherlands opened its online gambling market, paving the way to licensed iGaming activities. Now, several years later, concerns about the impact on young people pushed lawmakers to file a new proposal that called […]
Business
November 19, 2024
Codere Online Faces Nasdaq Delisting, Appeals Decision
Codere Online Luxemburg is facing Nasdaq delisting because of a delayed form submission. The company has decided to appeal the motion, arguing that its delay is due to an ongoing audit of its 2023 financials. The Company Has Delayed Its Form 20-F for 2023 In its official release, Codere Online explained that, on November 12, […]
