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Industry
September 27, 2021
Colorado’s Water Projects Are Boosted By Sports Betting’s Tax Revenue
Colorado is showing how beneficial the legal sports betting industry can be to the community. The state’s water projects are getting a solid $7.9 million boost from the activity. The money was collected from the tax revenue of the legalized sports betting during the first fiscal year. Since Sports Betting Was Approved, Over $3 Billion […]
Industry
September 27, 2021
Macau’s COVID-19 Recovery Is about to Take a Nosedive
The upcoming Golden Week holiday period was supposed to provide Macau with an injection of much-needed revenue. The city and its casinos have been looking forward to this time of the year as a means to show that it has gotten COVID-19 under control. However, it apparently hasn’t and this spells disaster for Macau’s recovery […]
Industry
September 24, 2021
UK Gambling Commission Slams UK Lotto with $1 Million Fine
EU Lotto that operates Lottoland in the UK was fined $1 million (£760,000) by the Gambling Commission (GC). The GC revealed that the fine was the result of breaches of social responsibility and anti-money laundering rules between October 2019 and November 2020. GC Fines Operator over Failures to Meet Regulations The UK Gambling Commission (UKGC), […]
Industry
September 24, 2021
The Nevada Gaming Commission Bids Farewell to its Chair and to Dubai World
Thursday was the D-Day for Dubai World, as the Nevada Gaming Commission (NGC) has signed off on Dubai World’s exit. Dubai World, a Dubai investment arm in the UAE, had a 14-year partnership with MGM Resorts International in developing Las Vegas’ own CityCenter. Chairman John Moran also said goodbye to the Commission who has been […]
Industry
September 24, 2021
Sportsbet’s Advertising Spend Fuels Calls for Blanket Ban
Gambling advertising money is among hot topics in Australia again, after Sportsbet, a sports betting brand owned by Flutter Entertainment, revealed it was among the top advertisers in the country in 2020. Millions on Gambling Ads An investor presentation held by Flutter Wednesday revealed Sportsbet spent AU$139 million ($101.5 million) on advertising and sponsorship in […]
Industry
September 24, 2021
SJM Expects Macau to Cut the Casino License Validity Period to 10 Years
SJM Resorts officials are convinced fresh 2022 tenders are in line for all six operators that are currently in business in Macau. However, it is the company’s belief that the licenses will not last as long as they did before. When Stanley Ho’s monopoly on the gambling market was ended by Macau, which is at […]
Industry
September 24, 2021
Nagasaki’s IR Growth Plans Depend on Local Traffic, Not Foreign Tourism
One of the main reasons Japan has been trying for more than two decades to bring integrated resorts (IR) and casino gambling to the country is to promote international tourism. The tourism industry always means big money for any country that manages it properly, and Japan’s government finally convinced enough people that introducing IRs was […]
Industry
September 23, 2021
Nuvei Takes Charge of Payments at 888’s SI Sportsbook
Provider of payment solutions Nuvei Corporation announced that it has reached an agreement with 888 Holdings to take charge of payment processing for the Gibraltar-based gambling group’s newly launched SI Sportsbook. Innovative Payment Services The agreement between Nuvei Corporation and 888 Holdings will see Nuvei’s Instant Bank Transfer technology power payments for the sportsbook brand […]
Industry
September 23, 2021
Betsson’s Chairman to Leave Amid Wave of Distrust
The Swedish iGaming giant Betsson Group has seen its chairman, Patrick Svensk, step down from his position and leave the company following a wave of distrust by Betsson shareholders. The reason behind Svensk’s decision is the critique of his handling of the recent departure of Pontus Lindwall, the company’s former CEO. Lindwall’s Leave from Betsson […]
Industry
September 23, 2021
Entain Foundation Partners With UNLV for a Gaming and Betting Research
Entain Foundation US, the charity division of Entain, has teamed up with the University of Nevada Las Vegas (UNLV) for a research initiative concerning gaming and betting. The non-profit foundation will supply a founding grant to UNLV to complete the project. The main aim of the research will be to combine it with operational expertise […]