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Business
January 24, 2025
Redburn Atlantic: Regulatory Probe Endangers Evolution’s Valuation
Leading innovator in product development and advanced IT solutions for online casinos, Evolution, is facing challenges amid a fresh report by Rothschild & Co’s public equities arm, Redburn Atlantic. Among other things, the report considers the regulatory scrutiny the company is subject to as a potential risk to its valuation. Evolution Taking “Forceful Action Using […]
Legal
January 24, 2025
DraftKings Faces Legal Challenge over Alleged Player Exploitation
Leading US online sports wagering company DraftKings faces another class-action lawsuit. This newest legal challenge, filed in the Southern District of New York and spearheaded by Clara De Leon and Eric W. Mirsberger Jr., accuses DraftKings and its subsidiary Crown NY Gaming LLC of deceptive advertising and consumer manipulation. The Operator Allegedly Offered Misleading Bonuses […]
Legal
January 24, 2025
Canada Concerned About Links Between Online Gambling and Drug Trade
Canada’s financial intelligence agency, FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), has raised alarms over the suspected use of online gambling platforms for laundering proceeds from fentanyl production and trafficking. The revelation underlines an uncomfortable link between the online gaming industry and the opioid crisis that has gripped Canada over the last few […]
Industry
January 24, 2025
Spelinspektionen Bans Offshore Operator, Announces Industry Seminar
The Swedish Gambling Authority (Spelinspektionen) announced that it has banned yet another unlicensed gambling operator. This came a few days after the authority announced an upcoming industry seminar. The Operator Offered Gambling Illegally The Spelinspektionen announced that it has issued a ban against Goodwin NV, a Curaçao-based operator under license number OGL/2024/758/0228. Despite sporting a […]
Industry
January 24, 2025
South Africa Lawmaker Proposes Sin Tax as Gambling Surges
South African lawmakers have proposed a “sin tax” on gambling as the industry surges. Politicians have also expressed concern about the fact that many people in the country gamble in order to deal with the cost of living and not for fun. African Gambling Grows But So Does Harm At first glance, the South African […]
Industry
January 23, 2025
Kirk Hendrick to Resign as Nevada Gaming Regulator Chair
Kirk Hendrick, the chairman of the Nevada Gaming Control Board (NGCB) has announced his upcoming exit from the regulatory body. He confirmed that he would depart following the conclusion of the next legislative session. Kirk Hendrick to Exit the NGCB On January 22, Hendrick announced to all board staff that he would be resigning as […]
Industry
January 22, 2025
Sen. Addabbo Seeks to Legalize iGaming in New York
Senator Joseph Addabbo Jr., a prominent supporter of the gambling industry has filed another iGaming bill in New York. SB 2614 follows in the wake of earlier efforts to legalize online casinos in the state. Addabbo Launches an iGaming Bill for the Third Year in a Row Addabbo, who has previously sponsored iGaming bills, referred […]
Industry
January 22, 2025
Philippines’ Gambling Sector Faces Challenges Amidst Reform Efforts
The Philippines’ gambling sector faces a host of challenges as it seeks to address money laundering schemes and illegal gambling operations that have operated with impunity for decades by exploiting regulatory loopholes. Despite recent reforms, analysts and lawmakers warn that protecting the country’s financial and social systems and ensuring its permanent removal from international watchlists […]
Industry
January 22, 2025
UKGC Chief Andrew Rhodes Discusses Evolving Regulatory Challenges
During his guest appearance at ICE 2025 Barcelona, the exhibition bringing together stakeholders from across the worldwide gambling sector, UK Gambling Commission (UKGC) chief executive Andrew Rhodes delivered a comprehensive update on the current progress of gambling regulation in Great Britain and shared his views on the emerging challenges facing international regulators. The UK Market […]
Industry
January 22, 2025
Virginia Considers Consolidated Regulatory Body as Gambling Grows
Gambling legislation in the US has been a long and at times incoherent process. While some verticals have been legal for decades, others are getting greenlit just now. As the industry grows, the state of Virginia is considering a consolidation of its regulatory framework. Virginia Mulls over the Creation of a Gaming Commission Virginia, […]
