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Industry
July 15, 2024
UKGC Considered Allwyn’s Ties with Russia Irrelevant to the National Lottery Bidding
The United Kingdom’s Gambling Commission (UKGC) did not believe that Allwyn’s indirect ties to Russia were relevant to The National Lottery licensing process. Responding to a freedom of information request by gambling news outlet NEXT.io, the regulator released previously undisclosed details of the lottery giant’s approach to this issue. Allwyn’s parent company KKCG, for context, […]
Casino
June 11, 2024
Crimea’s Gambling Zone Project Is Alive But Still in Limbo
The Crimean Parliament’s head, Vladimir Konstantinov, just announced that the plans to construct a gambling zone in Crimea are still in place. In an interview with RIA Novosti, Konstantinov also noted that the main investors have been identified. Crimea was annexed by Russia in 2014, sparking a conflict with Ukraine. The war, which would escalate […]
Casino
June 5, 2024
Ukraine Dismisses Claims of Zelensky Casino Purchase as Russian Propaganda
The Embassy of Ukraine in the Republic of Cyprus has strongly refuted allegations that Ukrainian President Volodymyr Zelensky had acquired a casino in Kyrenia. In an official statement, the embassy characterized these reports as “another lie” intended to discredit Ukraine and its leadership and to create diplomatic friction between Kyiv and Nicosia. Ukraine Blamed Russian […]
Industry
June 5, 2024
Allwyn Parent KKGC Cuts Ties with Russia
KKGC, an investment fund owned by Czech billionaire Karel Komárek, announced its intentions to cut its ties with Russian energy corporation Gazprom. This would mean that Allwyn, one of KKGC’s subsidiaries, will no longer have indirect ties with Russia. Allwyn took over the UK National Lottery recently after being selected as Camelot’s successor by the […]
Legal
March 15, 2024
UK Government Investigates Ties between Allwyn and Kremlin-Owned Banks
Allwyn, the company behind the UK’s largest public-sector contract, allegedly borrowed millions from Russia’s two largest lenders, VTB and Sberbank, according to a revelation by The Guardian. While the company did not violate sanctions, this newest controversy raises concerns regarding the gambling sector’s transparency and may undermine the UKGC’s position. Allwyn Claims It Complied with […]
Industry
October 30, 2023
Ukraine Takes a Leaf off Las Vegas Book to Oust Russian Influence
The country, which recently reformed its gambling framework, has received an invitation from the US Gaming Control Board in Nevada to help it oust Russian influence from the industry completely. Ukraine Seeks Input from Las Vegas to Pare Down Russian Influence The Ukraine’s Gambling and Lottery Regulation Commission is expected to work with counterparts […]
Casino
October 20, 2023
Primorye Gambling Area Welcomed 3.1M Visitors in the First 9 Months of 2023
The Primorye Gambling Area in Russia reported that tourism is experiencing a slight recovery although foreign tourism is yet to fully pick up. Despite that, the visitation figures far outclassed those recorded in 2022, attesting to the region’s post-COVID recovery. The Gambling Area is located in Russia’s Primorsky Krai, a coastal territory in the Far […]
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 […]
