In August, both Nevada and Mississippi released their monthly gambling revenue reports, showing varying trends in their respective markets. While Nevada experienced a dip in overall gambling revenue due to a decline in slot machine activity, Mississippi saw growth in its retail sports betting market. These results offer insight into the shifting dynamics of gambling
As we draw to the end of our live news stream this Tuesday, here’s a look at what’s been keeping us busy: Qatar Airways has announced it intends to buy a 25% stake in Virgin Australia from its current owner Bain Capital. Julian Assange made his first public statement since release, where he claimed he
DraftKings, the Boston-based sports betting giant, has recently been fined $200,000 by the Securities and Exchange Commission (SEC) for premature disclosures made on the personal social media accounts of its CEO, Jason Robins. This incident highlights significant compliance lapses in handling sensitive financial information. Regulatory oversight and financial disclosures: On July 27, 2023, statements regarding DraftKings’ operational growth were posted
Airport services company Plaza Premium Group has opened its first luxury lounge in Macau, located at Macau International Airport, under its Plaza Premium First (PPF) brand. The 5,000-square-foot facility near boarding gate 10/10A offers a range of VIP services and exclusive amenities, catering to high-end travelers. The new lounge is part of PPF’s series of
Sep 30, 2024 5 min read Nikhil “Nik Airball” Arcot was in search of a lucky river card just to chop a $716,000 pot against Andrew Robl, while Jennifer Tilly couldn’t catch a break on the newest edition of High Stakes Poker on PokerGO. Episode 8 of Season 13 featured a monster bluff — one
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
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
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