Roberto Campos Neto, president of Brazil’s Central Bank, has voiced alarm over the exponential rise of online betting in the country, particularly highlighting the growing involvement of low-income individuals, including recipients of Bolsa Família. The dramatic uptick in Pix transfers to betting platforms, which has seen a surge of over 200% since January, is stoking
Month: September 2024
The United Arab Emirates (UAE) stands on the brink of becoming a powerhouse in the global casino industry, with projections indicating potential annual gross gaming revenues (GGR) of US$3 billion to US$5 billion. According to multinational investment bank and financial services company Morgan Stanley, the UAE’s unique positioning, with its array of ultra-luxurious hotels and bustling international
The National Indian Gaming Commission (NIGC) announced Thursday that Compliance Officer Jo’Elle Thompson has been named to the Emerging Leaders of Gaming (ELG) “40 Under 40” Class of 2025, recognizing her contributions to the casino gaming industry. The ELG “40 Under 40,” an initiative by The Innovation Group (TIG) in partnership with Global Gaming Business
Sep 29, 2024 4 min read PokerNews has learned that famed gambler and avid poker player Archie Karas has passed away at age 73. Anargyros Karabourniotis, his birth name, famously went on a heater simply referred to as “The Run” in December 1992 when he drove to Las Vegas with just $50 in his pocket
It’s been a remarkable success, but Adele’s Las Vegas residency is coming to an end sooner than most people would like. The iconic singer is set to conclude her Las Vegas residency with a series of shows in November. Following that, she plans to take an extended break not just from her Vegas performances but
Recent findings from the American Gaming Association (AGA) reveal a dramatic rise in responsible gaming (RG) investments across the gaming industry. The research highlights that industry spending on RG programs has soared to $471.8 million annually, reflecting a significant 72% increase from $275 million in 2017. This rapid growth outpaces the increase in gaming revenues
View image in fullscreen British gambling regulator prosecutes Sorare football game Gambling Commission accuses $4.3bn business promoted by Premier League of providing unlicensed gambling Britain’s Gambling Commission is to prosecute Sorare, a multibillion-pound company that makes a fantasy football game promoted by the Premier League, for providing unlicensed gambling. Sorare, which is valued at $4.3bn
Yggdrasil has expanded its presence in the Spanish iGaming market through a strategic partnership with Paf Group to support the launch of SpeedyBet in Spain. This collaboration brings Yggdrasil’s renowned slot portfolio, including fan-favorites like Valley of the Gods 2, to SpeedyBet’s Spanish customer base, enhancing the operator’s casino offerings. The partnership between Yggdrasil and
New research from the American Gaming Association (AGA), reveals a significant increase in responsible gaming (RG) investments from gaming industry companies, with total spending reaching $471.8 million annually—up from approximately $275 million (+72%) in 2017. Conducted by a major international accounting firm, the research demonstrates a surge in industry-wide RG spending that has grown at
Sep 28, 2024 4 min read Austin’s metro area has a booming live poker industry and, no disrespect to any other card rooms in the city, it’s dominated by two clubs that are trying relentlessly to one-up each other. Texas Card House Social (TCH) and The Lodge Card Club in Round Rock (Austin area), two
Several of the biggest Las Vegas residencies are set to come to an end in January, February, and March of next year. The performers in question are some of the biggest names in rock & roll and country music. So who are these huge music artists saying good bye to Sin City? We’re glad you
The Swedish Gambling Authority (Spelinspektionen) is taking new steps to intensify its battle against illegal gambling outside the country’s licensing system. This move aims to protect Swedish consumers, public health, and tax revenues, which are threatened by unregulated gambling activities. The authority has announced that it will produce a comprehensive “situation description” to provide an
View image in fullscreen Attempt to arrest Brazilian music star highlights boom in online gambling Arrest order for Gusttavo Lima, swiftly overturned, shows unregulated betting as criminal headache and health crisis In less than 24 hours, Gusttavo Lima, one of the most famous Brazilian country singers, sang at a rodeo in rural São Paulo state,
The online betting and gaming industry has seen a significant evolution over the past decade. What was once a solitary activity has now transformed into a social experience, thanks to the integration of various social features. These features are not just add-ons; they are becoming a core part of the user experience, shaping how players
The UK’s Gambling Commission has initiated legal proceedings against Sorare, a digital fantasy sports platform, accusing the company of providing unlicensed gambling services. The case, which could have far-reaching consequences for the future of fantasy sports and NFT-based platforms, is set to be heard in Birmingham magistrates court on October 4. Sorare, which is valued
Sep 27, 2024 3 min read Paul Bilzerian, convicted felon and father of controversial poker player Dan Bilzerian, used his son’s cannabis business to hide money he’s owed the U.S. Securities and Exchange Commission (SEC) for decades, federal investigators allege. The elder Bilzerian and Ignite, the aforementioned cannabis business, along with Bilzerian’s long-time accountant, Scott
The countdown to the Tropicana implosion is officially underway, and we have less than two weeks before the walls come tumbling down! And you can prepare for an unforgettable evening at Mandalay Bay and bid a grand farewell to the legendary resort from the Foundation Room! On October 8th, join us for others at Mandalay
Within a year of legalizing online gambling in Canada, a surge in public complaints about the volume and content of gambling advertisements has raised concerns. A new study released by the Canadian Gaming Association (CGA) highlights that regulators may be acting more quickly than the available evidence supports. This could result in policies that don’t
View image in fullscreen Calls for regulation of gambling ads in football as number of promotions soars Premier League fans exposed to almost 30,000 messages in one weekend despite restrictions, research finds Ministers have been urged to intervene to stop football clubs from setting their own rules on curbing gambling advertising, after research showed Premier
Flutter Entertainment, the parent company of FanDuel, has projected that the U.S. gambling market will grow significantly, expecting it to exceed $60 billion by 2030. The latest forecast marks a notable increase of almost 60% from previous estimates made in 2022. Flutter’s stock surged by 8% following the announcement, reaching an all-time high. As part
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