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Industry
December 9, 2024
Senators Demand Antitrust Investigation into FanDuel and DraftKings
Two US senators, Mike Lee (R-Utah) and Peter Welch (D-Vt.), have asked federal regulators to look into possible antitrust rule-breaking by top online sports betting sites FanDuel and DraftKings. Lawmakers Urge FTC and DOJ to Investigate Potential Collusion Between FanDuel and DraftKings The lawmakers sent a letter on December 5 to the Federal Trade Commission […]
Industry
December 9, 2024
NZ Racing Minister Calls for TAB to Govern Online Betting
Planning changes to its gambling industry, New Zealand hinted at the possibility of introducing legal online gambling. While the country is considering regulating iGaming by 2026, a new proposal calls for changes to the existing framework that would propel the monopoly of the operator TAB NZ. TAB NZ May Grow Its Monopoly Model Currently, TAB […]
Industry
December 6, 2024
Analysts Apprehensive of Las Vegas, Optimistic About Macau’s Growth
Despite a promising outlook for Macau, analysts remain cautious about the trajectory of the Las Vegas gaming market as Strip revenues continue to show year-over-year declines. With the difficult comparisons against the strong performance in late 2023, there are still concerns regarding the near-term prospects of Nevada’s flagship gaming destination. The Strip Struggles to Regain […]
Industry
December 6, 2024
Swedish Court Reduces Fine Against Videoslots
The Linköping administrative court in Sweden has significantly reduced a fine imposed on Videoslots by the country’s gambling regulator, Spelinspektionen. The penalty, initially set at SEK 9 million ($827,000) for anti-money laundering (AML) and terrorist financing violations, was slashed to SEK 4 million ($367,000) after an appeal by the online casino operator. However, Spelinspektionen’s warning […]
Industry
December 6, 2024
Queensland Defers The Star Gold Coast’s License Suspension
The new Queensland government has decided to defer The Star Gold Coast’s license suspension by a few months, providing the Australian casino giant with more time to apply its remediation measures. This decision will provide The Star Entertainment Group with a short breather amid a difficult period. The Star Gets a Few More Months to […]
Industry
December 6, 2024
Betfair Co-Founder Asks UK Government to Protect the Declining Racing Sector
Betfair’s co-founder Andrew Black has expressed concern about the precarious financial position of horse racing in Britain. A horse owner and breeder himself, Black cautiously highlighted the declining betting turnover and predicted that the situation would get worse. The Government Must Shield Racing, Black Says Black expressed his concerns just after the UK Gambling Commission’s […]
Industry
December 6, 2024
Alabama Gaming Expansion Is Unlikely, Senator Givhan Says
Alabama lawmakers are uncertain whether gambling will make any strides in 2025, despite a recent change in leadership. According to Senator Sam Givhan, the recent reshuffle is unlikely to benefit the industry as much as some had hoped. Givhan Wouldn’t Bet on Gaming Expansion in 2025 The Republicans recently named Senator Garlan Gudger as the […]
Industry
December 6, 2024
UKGC Offers Updated Evaluation of the Gambling Act Review
The Gambling Commission (GC), in collaboration with the Department for Culture, Media and Sport (DCMS), has been actively working on assessing the impact of the Gambling Act Review, following the publication of the Government’s White Paper in April 2023. This ambitious effort was born from a need to bring about significant policy changes, with the […]
Industry
December 6, 2024
Malaysia Targets Online Gambling in Proposed Cybercrime Law Amendments
Malaysia aims to toughen up its cybercrime laws by making big changes to the Communications and Multimedia Act 1998 (CMA). This move comes as the government tries to handle the rise in online crimes such as illegal betting, scams, and other damaging digital acts. Amendment Bill Introduced to Strengthen MCMC’s Authority Communications Minister Fahmi Fadzil […]
Industry
December 5, 2024
Swedish Trade Association Head Calls for the Sale of Svenska Spel
Gustaf Hoffstedt, head of the Swedish Trade Association for Online Gambling (BOS), has reignited the debate over the state ownership of Svenska Spel, Sweden’s state-owned gambling operator. According to Hoffstedt, the Swedish government should sell its stake in Svenska Spel, adding that state ownership in a competitive market destroys the government’s neutrality. Svenska Spel’s Government […]
