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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 […]
Industry
September 17, 2024
Missouri Poll Says 52% of Respondents Support Sports Betting
A recent survey from Emerson College Polling/The Hill conducted with the help of The Hill and Nexstar Media has revealed a significant majority of likely Missouri voters were in favor of legalizing sports betting, a measure that will appear on the November ballot. The poll, conducted between September 12-September 13, gathered data from 850 “very […]
Industry
September 17, 2024
ANJL Answers Claims Bettors Sacrifice Household Expenses to Play
At the start of the week, we reported the president of the Brazilian Federation of Banks, Isaac Sidney, asked the government to speed up the ban on using credit cards to place online bets, reiterating the growing concerns regarding problem gambling in the country. On the same day, the country’s betting trade body, the National […]
Industry
September 17, 2024
Sky Betting and Gaming Reprimanded by ICO over User Data Sharing
In the digital world, advertising is everywhere. From TV to social media and even smartphone apps, ads can be found almost everywhere. To target specific customers, companies often sell customer data as a way to reach different audiences. While that’s not unusual in some cases, when it comes to gambling, such ads can have a […]
Industry
September 16, 2024
Cambodia Union Leader Out of Prison, Will Continue Strike Against Casino
The leader of a workers’ union in Cambodia that played a key role in the longest strike in the country was recently released after serving her two-year prison sentence. The case involves Chhim Sithar, the president of the Labor Right Supports Union of Khmer Employees of NagaWorld (LRSU), who was sentenced to two years in […]
Industry
September 16, 2024
Australia’s Annual Losses to Gambling Grow, Hit AU$32bn
Despite concerns about the detrimental impact of gambling activities on people across Australia, significant changes to the sector are still being discussed. Last year, a report into the country’s gambling sector made nearly three dozen recommendations that can help reduce problem gambling and harm, while decreasing the billions of Australian dollars lost to gambling every […]
Industry
September 16, 2024
Malaysian Islamist Political Party Plans to Close the Country’s Sole Casino
Similar to other countries across Asia, Malaysia has strict rules when it comes to gambling activities. There is a single casino in the country that allows visitors aged 21 or older to participate in Las Vegas-style casino gambling. However, the growing presence of one Islamic party seeks to effectively shut down the sole casino, citing […]
