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Industry
March 20, 2025
New Proposal Seeks to Legalize Casinos in South Carolina
Newly proposed legislation seeks to revitalize one out of three counties across South Carolina by bringing casino gambling. As with any legislation, its success depends on the support of lawmakers but if the new proposal gets a green light, it may bring a game-changer $1 billion casino project to Orangeburg county. Another Push for Casino […]
Legal
March 19, 2025
Australia Hits Active Super with $10.5 Million Fine for Greenwashing
Australia’s Federal Court has ordered superannuation fund Active Super to pay an AUD 10.5 million ($6.70 million) penalty for misleading investors in its environmental, social, and governance (ESG) commitments. The verdict follows court discoveries that revealed Active Super continued investing in businesses it had publicly claimed to exclude from its portfolio. The Court Admonished Active […]
Industry
March 19, 2025
ACMA Blocks Two Offshore Casinos as War on Illegal Gaming Continues
The Australian Communications and Media Authority (ACMA) announced that it blocked more offshore online casinos. This was consistent with the regulator’s continued protection of Australia’s gaming market. Two More Offshore Casinos Have Been Blocked According to its latest announcement, the ACMA has taken action against two more websites. The services in question included Crown Slots […]
Industry
March 19, 2025
Maryland Orders Sweepstakes Operator VGW to Cease-and-Desist
The Maryland Lottery and Gaming Control Agency has slammed sweepstakes casino giant Virtual Gaming Worlds (VGW) with a cease-and-desist letter. The regulator argued that the operator’s products constituted illegal gaming and that it must pull out from the market. This regulatory action aligns with a broader opposition to the sweepstakes format across America. Maryland Cracks […]
Industry
March 19, 2025
Economists Predict Higher Sin Taxes Will Affect Ohio Markets
Recently, Ohio Gov. Mike DeWine proposed an increase in sports betting taxes, marking another tax hike after the state already doubled its betting tax in 2023. The latest push seeks to generate funds for sports facilities across the state, among other initiatives. Experts Agree Increase in Gambling and Cannabis Taxes May Decrease the Harmful Effect […]
Industry
March 19, 2025
Prediction Markets’ Future Analyzed by Bank of America Analyst
The rise of popularity in prediction markets was fueled by the recent Presidential elections in the United States. The offering of futures contracts gained significant speed ahead of the elections and in light of Kalshi’s legal case success against the Commodities Futures Trading Commission (CFTC), the federal regulator in charge of prediction markets. Futures Trading […]
Industry
March 18, 2025
New Zealand Minister Rejected TAB’s $85M iGaming Bid
The TAB, the mainstay name in New Zealand betting, had put forward NZD 150 million ($87.3 million) for an online license. However, the company’s ambitions were quashed by Internal Affairs Minister Brooke van Velden who said that this wouldn’t happen on her watch. New Zealand Seeks to Regulate Gaming The New Zealand government is currently […]
Industry
March 18, 2025
EU Court Ruling Could Derail Lithuania’s Strict Gambling Regulations
Lithuania’s aggressive push to tighten online gambling regulations has suffered a surprise setback following a ruling by the Court of Justice of the European Union (CJEU) that declared key amendments to the nation’s gambling law to be non-enforceable due to procedural failures. This apparent oversight by Lithuanian legislators could significantly affect the nation’s efforts to […]
Industry
March 18, 2025
Underdog Exits New York amid Regulatory Scrutiny
Daily Fantasy Sports (DFS) operator Underdog Fantasy has agreed to a $17.5 million settlement with the New York State Gaming Commission (NYSGC). The operator will withdraw its drafts and pick’em games from the state market after contending with allegations of unlawful operations. Despite this setback, the company plans to return to the Empire State and […]
Industry
March 18, 2025
State Rep. Gonzales: “Illinois Is Gambling With Its Financial Future”
Last month, Illinois lawmakers made a new attempt to give the green light to online gambling as a means of further growing the market following the legalization of sports betting five years ago. Then, State Representative Edgar Gonzalez and Senator Cristina Castro submitted House Bill 3080 and Senate Bill 1963, hoping to allow licensees to […]
