Industry
September 19, 2024
More Operators Apply for Licenses After Brazil’s Recent Warning
Several gambling companies have applied for sports betting licenses in Brazil following the Ministry of Finance’s recent warning. While these companies will likely be unable to launch at the regulated market’s opening, they will not risk legal problems in the country. Six More Companies Have Submitted an Application Brazil’s Ministry of Finance just announced that […]
Industry
September 19, 2024
Videoslots Objects to Dutch Penalty Even as KSA Lowers the Fine
The Kansspelautoriteit (KSA), the Netherlands’ gambling authority, has agreed to reduce Videoslots’ record-breaking penalty but the operator remains reluctant to pay. According to a spokesperson from the company, Videoslots should not be punishable because it did not commit the alleged violation. KSA Handed a Record-Breaking Penalty to Videoslots For context, the KSA had slammed Videoslots […]
Industry
September 19, 2024
Millions of UK Gamblers Continue to Engage with Black Market Operators
A groundbreaking study by Frontier Economics, commissioned by the Betting and Gaming Council (BGC), revealed that 1.5 million Brits are wagering up to an estimated £4.3 billion annually on illegal gambling platforms. This report is the first high-profile investigation into the black market since the UK government’s White Paper on gambling reform, revealing the increasing […]
Industry
September 19, 2024
Thai Boxer Sutthiwat Arrested for Promoting Gambling on FB
Thailand is one of the countries where the fight against unlicensed online gambling has been intertwined with talks regarding the potential legalization of casino gaming for years. In April, the country located in the heart of Southeast Asia introduced a fresh policy that would deem illegal gambling operations as serious economic crimes. Between October 2023 […]
Industry
September 19, 2024
NC Lottery Commission Proposes Sports and Pari-Mutuel Wagering Rules
On Wednesday, the independent, self-supporting, and revenue-raising agency of the State of North Carolina, the North Carolina State Lottery Commission, issued a notice of proposed rulemaking. The agency responsible for licensing and regulating sports betting and wagers on horse racing, under the Sports Wagering and Pari-Mutuel Wagering law, had its sports betting committee unanimously vote […]
Industry
September 18, 2024
Australia to Introduce New Guidelines for Games with Loot Boxes and Gambling
Australia has created new classification guidelines for video games that contain gambling-like content. This addition comes amid growing concerns about Australia’s gambling harm rates and worries about potential links between video games containing gambling-like mechanics and gambling addiction. The New Measure Aligns with Australia’s Efforts to Protect Younger Citizens from Harm The new measure would […]
Legal
September 18, 2024
British Columbia Cracks Down on Suspected Casino Money Laundering Scheme
The British Columbia government is seeking a court order to forfeit CAD880,000 ($647,000) deposited as a bond with the Canada Border Services Agency by a man the government alleges was a multimillionaire leader of a criminal gang that ran illegal gaming houses and laundered money through casinos. The suspect, T.L., reportedly has ties to Chinese […]
Business
September 18, 2024
FDJ Secures Regulatory Approvals for Kindred Takeover, Sets Closing Date to October 2
La Française des Jeux (FDJ) is proceeding with its acquisition of Kindred Group. Having cleared all regulatory approvals, the former company provided a closing date for the deal. The French operator, however, must still secure additional approvals from Kindred’s investors. FDJ Will Close the Deal on October 2 The French group said that it has […]
Industry
September 17, 2024
Brazil Warns Unlicensed Operators to Cease Operation from October 1
Brazil’s Ministry of Finance warned that sports betting businesses that have failed to apply for a license will be suspended from October 1. This deadline comes ahead of the launch of Brazil’s regulated sports betting and aligns with the country’s ambition to shift toward a more orderly market. Operators That Have Applied for a License […]
Business
September 17, 2024
Bally’s Acquisition Steams Ahead, Avoiding FTC Scrutiny
Bally’s Corporation, a leading player in US gaming and entertainment, recently announced it has signed a definitive merger agreement with its largest shareholder, Standard General L.P. The deal, valued at $18.25 per share, appears poised to move forward without facing federal antitrust scrutiny, as the regulatory waiting period has expired without objections from the Federal […]
