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Industry
May 23, 2024
Poland: STS Pursues Appeal over Ministry of Finance AML Fine
In a deal dating back to last summer, the leading gaming and entertainment group, Entain, announced the acquisition of STS, a leading bookmaker in Poland. The acquisition, valued at £750 million ($955.6 million), took STS private, although the company was previously traded on the Warsaw Stock Exchange. In January 2022, STS received a fine by […]
Industry
May 23, 2024
PAGCOR Shuts Jade Sportsbet Down Over Unpaid Fees
Jade Entertainment and Gaming Technologies, a Philippines-based gaming and betting operator, has been forced to shut down the operations of its sports betting brand. This development was the result of Jade Sportsbet missing the deadline to pay its mandatory fees. Inside Asian Gaming (IAG) reported that the Philippine Amusement and Gaming Corporation (PAGCOR), a body […]
Industry
May 23, 2024
Star’s Suitability for Sydney Casino License in Doubt
One of the largest gambling and entertainment operators in Australia, Star Entertainment, remains subject to regulatory scrutiny, amid the ongoing second investigation in New South Wales (NSW) into its operations. The inquiry is led by Adam Bell SC and seeks to determine whether the operator is suitable to hold a license for its Sydney casino. […]
Industry
May 23, 2024
Parx CEO: Skill Games Are Cannibalizing PA Slots Revenue
Parx Casino’s chief executive, Eric Hausler, has commented on the controversial skill games, alleging that the vertical’s existence is cannibalizing casino revenue in Pennsylvania. Skill machines have firmly cemented their position in the state and are enjoyed by many players. Skill games continue to be hotly debated by industry experts as their proponents seek regulation. […]
Industry
May 23, 2024
Brazil Publishes Licensing Requirements for Gambling Operators
On 21 May 2024, Brazil’s Ministry of Finance’s Secretariat of Prizes and Betting published Ordinance SPA/MF nº 827, establishing the regulatory framework for gambling operator licensing. This Ordinance lays out the general rules for the authorization procedure, including the required documentation and applicable deadlines, marking another vital step toward the long-expected launch of the country’s […]
Industry
May 22, 2024
Spelinspektionen Approves Ban on Credit Cards in Gambling
The Swedish Gambling Authority (Spelinspektionen) has published an official response to FI2024/00442, a government measure that would ban gambling on credit. The credit card ban has been discussed for several months now and is a measure that has the regulator’s backing. According to director general Camilla Rosenberg, the Spelinspektionen believes that the ban on gambling […]
Industry
May 22, 2024
Malta Regulator Revokes Tipbet’s License
The Malta Gaming Authority (MGA) has revoked the gaming license of Tipbet, effectively halting all the company’s operations. This decision impacts authorization number MGA/B2C/303/2015 and reflects the regulator’s increasingly harsh stance towards companies that do not meet their licensing obligations. 2024 has seen the MGA strip several offenders of their licenses as it adopts a […]
Industry
May 22, 2024
Spelinspektionen Bans WiseAvant OÜ over Unlicensed Betting
The Swedish Gaming Authority (Spelinspektionen) has banned WiseAvant OÜ, which provided games of chance to Swedish customers without possessing the necessary license. This is notably the sixth unlicensed operator the authority has banned this year. According to the Spelinspektionen, WiseAvant OÜ’s website organized lotteries with video game skins. Skins gambling is a controversial emerging vertical […]
Industry
May 22, 2024
Quezon City Mayor Prohibits Govt Workers from Solaire North Casino
Solaire Resort North is a new integrated resort that is expected to offer world-class gaming, entertainment and hospitality. The resort, located in Quezon City, Philippines is expected to open for visitors on Saturday, May 25, 2024. Ahead of the opening of Solaire Resort North casino the city’s mayor confirmed that all city hall employees and […]
Industry
May 21, 2024
Spain’s DGOJ Initiates Debate on Unified Gambling Data Registry
The gambling sector in Spain is expected to feature one of the toughest regulations on the Old Continent. Changes to the industry’s regulatory framework have already been initiated and the overhaul of the market has already started. Part of the changes within the gambling sector involves strict know-your-customer (KYC) rules and the establishment of a […]
