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Business
July 7, 2023
Primorye Gambling Zone Back on Track
The Primorsky Krai Development Corporation or KRPK, the Russian company tasked with the development of the Primorye gambling zone, has confirmed that work can start in September. The construction will also be overseen by Asia-Invest Group LLC which has already committed $34 million but could not execute plans any earlier due to the COVID-19 pandemic, […]
Legal
March 7, 2023
Probe into PokerStars Results in $4M Settlement with US SEC
It was back in 2020 when the gaming and entertainment giant, Flutter Entertainment, purchased PokerStars from The Stars Group. This deal expanded further the brands owned by Flutter but brought unexpected consequences, a report released by the US Securities and Exchange Commission (SEC) reveals. On Monday, the SEC issued a statement claiming that it uncovered […]
Casino
March 3, 2023
Hard Rock’s Russia Connections Jeopardize Casino License in New York City
The New York Post reported, however, that sources close to the bidding process say that the company’s business ties to Russia have complicated the bid. Yale Report Card Slams Hard Rock for Ignoring Calls to Cease Russia Operations Governor Kathy Hochul issued an executive order last year prohibiting any state entity from contracting with a […]
Industry
February 24, 2023
FATF Decides to Suspend the Membership of the Russian Federation
The global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), confirmed Friday that it has decided to suspend the membership of the Russian Federation. The watchdog confirmed that the country remains accountable for its implementation of FATF Standards and must meet its financial obligations. Despite the decision, the FATF confirmed that […]
Business
December 23, 2022
Connective Games Withdraws from Russia, Remains Hopeful about the Future
The company said that it undertook the measure in order to guarantee the sustainability of its business and not disrupt the flow of product delivery moving forward. Russian companies have been buffeted by an increasing number of sanctions issued in response to the country’s illegitimate invasion of neighboring Ukraine. Connective Games confirmed that the decision […]
Blockchain
May 12, 2022
Five US States Switch Lights on Metaverse Flamingo Casino
The Metaverse is once again under attack from US law enforcement. This time, the Russian Flamingo Casino Club has been targeted by authorities as the Metaverse casino failed to disclose ties with Russia, prompting five states to act against the casino and force it to shut down. Flamingo Casino Club Not What It Claim to […]
Business
March 29, 2022
Parimatch and Russian Esports Organization Team Spirit Cut Ties
Parimatch, one of the most active against the war in Ukraine gambling industry businesses, ended its partnership with Russian esports organization Team Spirit due to the ongoing military actions in Ukraine. ‘Agreement Terms Fulfilled’ Parimatch and Team Spirit terminated an arrangement, which began in 2019 and was extended throughout 2024 earlier this year and which […]
Business
March 28, 2022
Parimatch Tech Finalized Withdrawal from the Russian Market
Parimatch Tech, the developer of Parimatch and a provider of global gambling tech and marketing solutions, has concluded its withdrawal from the Russian market. The finalization came on March 26, a month after the company announced the move. Parimatch Tech Demonstrated Solidarity to Ukraine The provider’s decision to leave Russia was sparked by the country’s […]
Casino
March 23, 2022
Plgen Holdings Wants to Pursue Primorye Project in Russia
In the wake of the Russian invasion of Ukraine, many businesses have quit or stalled their plans in the country aggressor. NagaCorp was one of the latest companies to say that it would discontinue current plans, sit back, wait for the situation to develop and then decide what it can do about its planned integrated […]
Industry
March 22, 2022
Gaming Industry for Ukraine Hits Goal, Extends Deadline
Over the past weeks, Gaming Industry for Ukraine, a charitable campaign hosted by various gambling industry stakeholders, has been able to exceed its original target of £250,000 ($333,000) earmarked for humanitarian and relief efforts in war-torn Ukraine. Still, the organizers are going and calling on benefactors to contribute and raise more funds. Deadline for Gaming […]