Business
September 11, 2024
Wynn Issues $800M Debt to Redeem Bonds, Pay DOJ Settlement
Last week, the leading gaming and hospitality operator, Wynn Resorts, announced that it has reached a settlement with the US Department of Justice (DOJ). Under the settlement, the company’s subsidiary, Wynn Las Vegas, agreed to forfeit a record $130 million to settle alleged financial offenses. Now, Wynn announced the pricing of $800 million in senior […]
Industry
September 10, 2024
India Holds Firm on 28% GST for Online Gaming despite Industry Pushback
According to the latest data by the Indian government, revenue from online gaming has reached ₹6,909 crore ($832 million) in just six months, rising by 412% despite the recent Goods and Services Tax (GST) hike to 28%. Finance Minister Nirmala Sitharaman confirmed these figures during the 54th meeting of the GST Council on 9 September […]
Industry
September 10, 2024
ASA Looking Into Gambling Memes That Reach Under 18s
To most netizens who also happen to have a passion for gambling, gambling memes are excellent means of expressing one’s self by posting the right image at the right time, after receiving inspiration from the gods of popular culture themselves. While they may give anyone a throaty chuckle when stumbling upon them, these memes now […]
Industry
September 10, 2024
Brazil Takes a Stance against Riskier Games, Blocks a Dozen Sites
Brazil continues its journey toward regulated betting by taking action against games that are deemed harmful. To that end, the São Paulo Ministry of Finance targeted games that offer unrealistic returns, including titles such as Fortune Tiger and Fortune Dragon, among additional slots and other games. A New Measure Will Restrict Predatory Games The Ministry […]
Legal
September 9, 2024
Missourians to Decide on Sports Betting at Referendum, Court Rules
Cole County Circuit Court Judge Daniel Green has taken the defendants’ side in the highly debated matter of sports betting legalization in the state. Namely, Judge Green has decided that a constitutional amendment question to make sports betting legal in the state will reach Missourians at the ballot referendum scheduled for November 5. The judge […]
Legal
September 9, 2024
Wynn Las Vegas Forfeits $130M to Settle Financial Offenses Allegations
The US Department of Justice (DOJ) announced that Wynn Las Vegas, Wynn Resorts’ Vegas-based subsidiary, has agreed to pay over $130 million to settle claims that it worked with unlicensed money transfer companies. According to the DOJ, this is the largest such forfeiture by a casino company yet. The Company Allegedly Conspired with Illegal Businesses […]
Industry
September 9, 2024
NJ DGE Penalizes Bet365 for Taking Bets on Concluded Events
Leading iGaming and sports betting operator bet365 has been slammed with a penalty in New Jersey where it operates in partnership with the Hard Rock Hotel & Casino. The gambling company was accused of taking bets on events that had already been concluded, in violation of local regulations. As a result of its violations, the […]
Business
September 6, 2024
New Jersey’s DGE Penalizes Borgata over Underpaid iGaming Taxes
New Jersey’s gambling regulators understood that the Borgata Hotel Casino & Spa, one of the biggest casinos in Atlantic City, has underpaid its iGaming taxes twice. The property, according to reports, did so by taking approximately $15 million more in credits than it was entitled to. Borgata Was Forced to Pay the Money It Owed […]
Industry
September 5, 2024
Kentucky AG Warns That Risk-Free Games Are Illegal Gambling
Despite strict regulations regarding gambling, illegal offerings, including unlicensed bookmakers, illegal gambling venues and other unlawful devices can be found across the United States. Law enforcement in each state does its best to combat illegal gambling and that often requires efforts by multiple agencies, including gambling regulators. In Kentucky, a new form of gambling has […]
Industry
September 5, 2024
Greg Small to Step Down from Indiana Gaming Commission
The gambling regulator in Indiana, the Indiana Gaming Commission (IGC), will soon be looking for a permanent executive director after an unexpected C-suite change announced this week. Indiana Gov. Eric J. Holcomb confirmed Wednesday that the Commission’s current executive director, Greg Small, will be stepping down from his role with the gambling regulator. Small initially […]
