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Industry News and Headlines
Industry
October 3, 2024
Casino Dealer Tucks Chips in Pants, Gets Sent to Prison
According to prosecutors in the Southeast Asia island city-state of Singapore, a card dealer at the Resorts World Sentosa (RWS) casino made off with at least S$55,000 ($42,800) in chips by setting up a hand scheme. To evade detection, the man, identified as 35-year-old Oumnakil Thanakorn originally from Thailand, used the help of two women […]

Industry
October 3, 2024
US Appeals Court Greenlights Kalshi to Relaunch Election Betting
About a year has passed since the legal battle between Kalshi, the New York-headquartered regulated exchange and prediction market, and the Commodity Futures Trading Commission (CFTC). In a surprise turn of events, an appeal filed by the latter with the Court of Appeals for the District of Columbia Circuit sided with the former on Wednesday […]

Industry
October 2, 2024
UKGC Unveils Two Appointments to Its Advisory Board for Safer Gambling
The UK Gambling Commission (UKGC) unveiled two new appointments to its Advisory Board for Safer Gambling (ABSG). The ones joining the board at this time are the experienced Dr Vivre Marionneau and Dr Spencer Murch. The Two Experts Will Empower the ABSG The two new appointees are set to underpin the ABSG’s responsible gambling efforts […]

Industry
October 2, 2024
Brazil Allows 89 Operators to Operate Until the End of the Year
Brazil’s Ministry of Finance announced that 89 operators will be permitted to offer their products by the end of the year. The country had previously announced that the period from October 1 to December 31 will be a transitional phase during which only those serious about doing business in Brazil will be allowed to operate. […]

Industry
October 2, 2024
Naked Trump Sculpture Draws Attention in Vegas amid Presidential Debate Season
A towering nude sculpture of Donald Trump, erected near Interstate 15 in Las Vegas, has drawn considerable attention as the 2024 presidential race heats up. The highly controversial 43-foot-tall statue titled “Crooked and Obscene” briefly towered over the highway before its sudden removal, just days after it went up on 28 September. The Previous Elections […]

Industry
October 2, 2024
MGA Suspends Goldwin’s Authorization Over Customer-Unfriendly Practices
The Malta Gaming Authority (MGA) announced that it has suspended the authorization awarded to Goldwin, the company behind Westcasino. The gambling company has been accused of sporting anti-player policies and possibly failing to meet its obligations to the customers in a timely manner. The Operator Must Allow Customers to Withdraw Funds According to the MGA, […]

Industry
October 2, 2024
VGW Exits Connecticut Amid Pushback Against Sweepstakes
VGW Holdings, a leading operator of sweepstakes games, has ceased its operation in Connecticut following a cease and desist order from the Connecticut Department of Consumer Protection. This comes amid an increased pushback against the controversial sweepstakes industry. VGW Holdings Exited Connecticut The Connecticut Department of Consumer Protection sent a letter to VGW in February […]

Industry
October 2, 2024
Spelinspektionen Says Channelization Rates Improve but Proving It Is Hard
Sweden is grappling with a low channelization rate, indicating that the regulated gambling market is struggling to retain players as offshore operators market aggressively and the industry is constrained by tight advertising rules. According to Spelinspektionen, the channelization rate in the country is improving, indicating that as many as 86% of all active players are […]

Industry
October 2, 2024
Political Betting Markets Face Challenges Despite Popularity
A majority of the US states currently offer legal sports betting. The activity’s popularity soared in recent years but alongside wagering on sports, many gamblers demonstrated interest in placing bets on future events outside of sports. Ahead of the upcoming Presidential Elections in the country, Kalshi, a company that acts as a regulated exchange and […]

Industry
October 2, 2024
Buffalo Mayor Steps Down from Politics to Lead Betting Agency
Byron Brown, the longest-serving mayor in Buffalo history, has announced that he will be leaving the City Hall to lead an offtrack betting agency. While he loved his job as a mayor, Brown believes that it was finally time to move on. Goodbye Politics, Hello Betting On Monday, the mayor confirmed that he will be […]
