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Industry
October 9, 2024
Brazilian Lawmakers Prepare an Inquiry into Links Between iGaming and Crime
The Brazilian Senate announced its plans to launch an inquiry into online gambling in order to address crime-related concerns. The inquiry will be led by a parliamentary commission of 18 members who will have 130 days to complete it. Senator Thronicke Asked Lawmakers to Not Turn a Blind Eye to the Problem The inquiry comes […]
Legal
October 8, 2024
Casino Giants in Chile Face Allegations of Rigging License Bids
Three leading gambling operators in Chile are accused of colluding after a large-scale investigation. Details regarding the massive scandal emerged recently with the National Economic Prosecutor’s Office (FNE) filing an antitrust lawsuit with the Competition Tribunal (TDLC). Three Gambling Operators Accused of Colluding When Filing Casino License Bids In its lawsuit, FNE named as defendants […]
Lottery
October 7, 2024
Loterj Brands at the Center of a Heated Legal Dispute in Brazil
The Federal Regional Court of the First Region (TRF1) in Rio de Janeiro has ruled to suspend the license for Rio de Janeiro State Lottery (Loterj) brands from operating outside the state following a legal battle over gambling regulations. TRF1 president João Batista Moreira’s decision overturned a previous ruling by the Federal District Court that […]
Industry
October 7, 2024
CyberHorizon Slapped with Fine by GSC for AML, CTF Failures
The Isle of Man Gambling Supervision Commission (GSC), which is responsible for regulating most forms of gambling in its territory including land-based and online gambling services, has levied a £140,000 ($184,000) fine on CyberHorizon Limited. Multiple AML and CTF Violations The fine came as a result of the commission uncovering multiple violations of anti-money laundering […]
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 […]
