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Industry
October 7, 2024
UAE Awards First Commercial Gaming License to Wynn Resorts
In 2023, Wynn Resorts, the leading gaming, hospitality and entertainment operator, began the construction of its ambitious project in the United Arab Emirates (UAE), Wynn Al Marjan. Now, the company reached a major milestone after securing the first commercial gaming license in the jurisdiction. Wynn Received the License After Extensive Review The license was awarded […]
Industry
October 7, 2024
Brazil: Sports Betting Faces Ban If Addiction Is Unchecked
Brazil is among the countries that legalized sports betting back in 2018. Despite legalizing the activity, the country never launched its betting market as lawmakers failed to establish the required regulations for years. On the bright side, Brazil now aims to launch legal betting in January, after politicians finally focused on the issue. Yet, the […]
Legal
October 4, 2024
Sorare Stands Its Ground in the Face of UKGC Accusations
Sorare, the fantasy sports platform known for its partnerships with renowned soccer leagues like the Premier League, has pleaded not guilty to accusations from the UK Gambling Commission (UKGC) of offering illegal gambling services. The French-based company, which allows users to collect and trade digital cards featuring professional sportspeople, entered its plea at Birmingham Magistrates’ […]
Industry
October 4, 2024
Massachusetts Orders Bovada to Cease and Desist
Online gambling operator Bovada has been slammed with a cease-and-desist letter, this time in Massachusetts. This development confirmed earlier rumors that claimed the Bay State would be the next to take action against the offshore operator. Bovada Restricted in Yet Another State Bovada, for context, is one of the biggest offshore operators in the US. […]
Business
October 4, 2024
FDJ, Not Concerned About French Gambling Tax Rise Amid Stock Price Hit
Shares of French gaming group La Française des Jeux (FDJ) have plummeted on Thursday following a report that the French government is contemplating the idea of boosting social security contributions from the gambling sector starting in 2025. According to the business daily Les Echos, this measure is aimed at enhancing the Social Security budget, leading […]
Industry
October 3, 2024
Jamaica: Government to Reopen Bidding for St. James IR License
For more than a decade, the government in Jamaica has been exploring options that may boost tourism and visitation. One concept that captured the attention of lawmakers is the development of integrated resorts (IRs) that can include hotel accommodation, dining and shopping outlets along with other amenities, including casino gambling. The New Bid for an […]
Industry
October 3, 2024
US Appeals Court Greenlights Kalshi to Relaunch Election Betting
About a year has passed since the legal battle between Kalshi, the New York-headquartered regulated exchange and prediction market, and the Commodity Futures Trading Commission (CFTC). In a surprise turn of events, an appeal filed by the latter with the Court of Appeals for the District of Columbia Circuit sided with the former on Wednesday […]
Industry
October 2, 2024
Brazil Allows 89 Operators to Operate Until the End of the Year
Brazil’s Ministry of Finance announced that 89 operators will be permitted to offer their products by the end of the year. The country had previously announced that the period from October 1 to December 31 will be a transitional phase during which only those serious about doing business in Brazil will be allowed to operate. […]
Industry
October 2, 2024
MGA Suspends Goldwin’s Authorization Over Customer-Unfriendly Practices
The Malta Gaming Authority (MGA) announced that it has suspended the authorization awarded to Goldwin, the company behind Westcasino. The gambling company has been accused of sporting anti-player policies and possibly failing to meet its obligations to the customers in a timely manner. The Operator Must Allow Customers to Withdraw Funds According to the MGA, […]
Industry
October 2, 2024
VGW Exits Connecticut Amid Pushback Against Sweepstakes
VGW Holdings, a leading operator of sweepstakes games, has ceased its operation in Connecticut following a cease and desist order from the Connecticut Department of Consumer Protection. This comes amid an increased pushback against the controversial sweepstakes industry. VGW Holdings Exited Connecticut The Connecticut Department of Consumer Protection sent a letter to VGW in February […]
