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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 […]
Industry
February 24, 2023
FATF Decides to Suspend the Membership of the Russian Federation
The global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), confirmed Friday that it has decided to suspend the membership of the Russian Federation. The watchdog confirmed that the country remains accountable for its implementation of FATF Standards and must meet its financial obligations. Despite the decision, the FATF confirmed that […]
Business
December 23, 2022
Connective Games Withdraws from Russia, Remains Hopeful about the Future
The company said that it undertook the measure in order to guarantee the sustainability of its business and not disrupt the flow of product delivery moving forward. Russian companies have been buffeted by an increasing number of sanctions issued in response to the country’s illegitimate invasion of neighboring Ukraine. Connective Games confirmed that the decision […]
Blockchain
May 12, 2022
Five US States Switch Lights on Metaverse Flamingo Casino
The Metaverse is once again under attack from US law enforcement. This time, the Russian Flamingo Casino Club has been targeted by authorities as the Metaverse casino failed to disclose ties with Russia, prompting five states to act against the casino and force it to shut down. Flamingo Casino Club Not What It Claim to […]
