Legal Gambling News
Casino
Maryland Casino Operators Push For Sports Betting To Be Legalized
There have been a number of states in recent times that have objected to the Professional and Amateur Sports Protection Act (PASPA) of 1992 which bans sports betting in all states with the exception of Nevada. PASPA has prevented casino operators and sports betting websites from offering legalized sports betting in their respective states and ...
Cartoons Being Used By Betting Operators To Lure Minors
The gambling industry in the United Kingdom has grown at a rapid pace over the years as casino and online betting operators have invested heavily into marketing and advertisements to promote their offerings and expand their market base. The revenue pumped into gambling ads has increased with every passing year and recent reports suggest that ...
SugarHouse Casino Alleges Extortion By Rival Bidder Market East
The legal battle surrounding the issuance of Philadelphia’s second casino license had a further twist after the major investor of the petitioning SugarHouse Casino made an allegation that one of the failed bidders had made extortionate demands of it. SugarHouse has been operating the sole casino in Philadelphia since 2010. An executive from Walton Street ...
Playtech Acquires Financial Trading Assets From ACM Group
Playtech, one of the leading online gaming software developers recently announced that it has acquired a unit of the ACM Group, a company operating in the currency trading market. The deal for $150 million involves Playtech purchasing several assets relating to the ACM’s Alpha team that acts as a financial broker for institutional and professional ...
Developers Interested In Casino License Opportunities In Queensland
Several casino operators are reportedly interested in the opportunity to win a casino license in Queensland. Two regional casino licenses are now available in Queensland after the state government recently rejected a proposal to build an A$3 billion casino resort on the Gold Coast Spit. The government dropped the plan after large-scale public opposition. State ...
Pagcor Chief Slashes Gaming Revenue Expectations For 2017
The Philippine Amusement and Gaming Corp (Pagcor) chairwoman Andrea Domingo has said that the overall gaming revenue for the country in 2017 is likely to witness only a small increase over the previous year. Domingo said that the gaming regulator will record gross gaming revenue of PHP150 billion ($2.99 billion), revising an earlier estimate and ...
Finance
EU Asks Luxembourg To Collect €250m From Amazon In Back Taxes
The European Commission has continued its crackdown on major multi-national corporations that have been allegedly manipulating tax laws in the European Union (EU) for a number of years and paying lower taxes. The Commission ruled on October 4 that Luxembourg must collect €250 million in back taxes from U.S online giant Amazon. The Commission launched ...
Singapore Expected To Become New Market Favorite For ICOs
Singapore is on its way to becoming one of the most preferred destinations for Blockchain companies looking to launch Initial Coin Offerings (ICOs). The market has particularly come into prominence after China’s central bank, the People’s Bank of China (PBOC) recently announced that it would ban ICOs. The PBOC said that ICOs were a threat ...
FCA Launches Investigation Into UK Investment Fund Platforms
UK regulator Financial Conduct Authority (FCA) has announced that it is initiating an enquiry to examine whether online funds platforms for retail investment are serving customer interests sufficiently. Investment firms like Hargreaves Lansdown and Interactive Investor handle almost £692 billion of investors’ money. The FCA pointed out that there has been a four times increase ...
Australian Taxation Office Receives Stiff Criticism For IT Outages
The opposition Labour party in Australia has called for an independent review into the repeated IT outages suffered by the Australian Taxation Office (ATO). The tax agency’s online services went offline for over five hours earlier this week which is peak time for tax filing in the country. The outage affected several of its service ...
Macau Stocks Plunge On Increased Scrutiny Of Forex Purchases In China
The recent introduction of fresh restrictions on purchase of foreign currency by Chinese citizens has triggered a sell-off in Macau casinos stocks. Casino operators Galaxy Entertainment Group Ltd. and Sands China Ltd. both dropped by over 3 percent earlier this week on the Hong Kong stock exchange after the China’s currency regulator made the announcement. ...
FinCEN Fines Sparks Nugget $1M For Money Laundering
The Financial Crimes Enforcement Network (FinCEN), a U.S federal agency that fights money laundering has levied a fine of $1 million on Sparks Nugget Inc, a Nevada based casino operator. Sparks operates the Nugget Casino Resort which previously went by the name of John Ascuaga’s Nugget in Sparks, Nevada. FinCEN has charged the casino of ...
Legislation
Amazon, eBay Not Doing Enough To Combat UK Tax Fraud
Online giants Amazon and eBay were pulled up by the UK Parliament’s Public Accounts Committee who accused the two companies of not being stringent on online vendors thereby permitting them to commit tax fraud. The committee stated that Her Majesty’s Revenue and Customs (HMRC), which is the tax department in the UK had been scared ...
Maryland Casino Operators Push For Sports Betting To Be Legalized
There have been a number of states in recent times that have objected to the Professional and Amateur Sports Protection Act (PASPA) of 1992 which bans sports betting in all states with the exception of Nevada. PASPA has prevented casino operators and sports betting websites from offering legalized sports betting in their respective states and ...
Japanese Govt Completes Second Public Casino Hearing At Osaka
The second of the nine public sessions being held across Japan to discuss issues surrounding the legalization of casino gambling in the country concluded recently in Osaka. Measures being taken to deal with problem gambling and associated social ills were the top issues discussed during the hearing. The Japanese government is holding these public consultations ...
Nevada Gaming Regulators To Debate Marijuana Impact On Casinos
Gaming regulators in Nevada are scheduled to meet this week to discuss the ramifications of the use of marijuana becoming legal in the state. Nevada recently legalized the recreational use of marijuana but the possession and use of marijuana is still a crime under federal law. The change in the state law has thrown up ...
Morningstar Report Suggests Tokyo Could Miss Out On Casino License
Tokyo may not be a likely choice for a casino license due to the local government failing to indicate its intentions clearly according to investor services firm Morningstar Inc. The company is forecasting that the urban center licenses are expected to go to Osaka and Yokohama via winning bids by MGM Resorts International and Las ...
U.S. Supreme Court Agrees To Hear New Jersey Sports Betting Case
Surprising industry observers, the U.S. Supreme Court has agreed to hear arguments based on the case filed by the state of New Jersey which challenges the 25-year-old federal law banning sports betting in the country. This decision implies that the Supreme Court has set aside legal opinion from the country’s solicitor general which stated that ...
Poker
Cartoons Being Used By Betting Operators To Lure Minors
The gambling industry in the United Kingdom has grown at a rapid pace over the years as casino and online betting operators have invested heavily into marketing and advertisements to promote their offerings and expand their market base. The revenue pumped into gambling ads has increased with every passing year and recent reports suggest that ...
Portland Meadows Loses VLT License For Offering Illegal Poker Games
Portland was once a hot spot for poker players even though playing commercial poker is considered illegal in Oregon. However most social clubs in Portland leveraged a loophole in the 1973 gaming law which allowed social gaming. Portland clubs promoted their poker cash games as shootouts and asked their dealers to collect tips which appeared ...
Party Poker Live
We have some excellent news if you are one of our North American poker playing website visitors, and that is after months of planning Party Poker Live is now a reality! Not only is Party Poker one of the largest and most popular online and mobile poker sites, but they have now ventured firmly into ...
UKGC Releases Changes To Technical Standards For Online Poker
The United Kingdom Gambling Commission (UKGC) has released the final draft of its technical policy that regulates online poker operators. The policy is known as the Remote Gambling and Software Technical Standards (RTS). The UK gaming regulator had initiated public consultation on its online gambling technical standards and software usage policy last year and based ...
Full Tilt Continues with its Recreational Shift
The online poker firm, Full Tilt is still pushing further with its shift towards recreational players and it has revealed new strategies with new structures that will rewards its players. The poker firm revealed that it will be running a series of promotions for its regular players and this includes a variety of giveaways in ...
Players From PokerStars Disappointed Over Security Breach
PokerStars was forced to pay attention to complaints posted by players on the popular Two Plus Two poker forum who alleged that players from Kazakhstan and Russia had breached PokerStars online security system by using artificial intelligence software. These players were accused of manipulating the $0.50/$1 and $1/$2 pot-limit Omaha tables on the PokerStars network ...
Sports
Maryland Casino Operators Push For Sports Betting To Be Legalized
There have been a number of states in recent times that have objected to the Professional and Amateur Sports Protection Act (PASPA) of 1992 which bans sports betting in all states with the exception of Nevada. PASPA has prevented casino operators and sports betting websites from offering legalized sports betting in their respective states and ...
Pittsburgh Penguins Visit White House And Meet President Trump
The Pittsburgh Penguins won their second consecutive Stanley Cup in 2017 and received an invitation to visit the White House and meet with President Donald Trump. There’s nothing new to it as it is customary for the winning NBA and NHL teams to get an invitation to visit the White House. However there were many ...
LCI Starts Process To Make Sports Betting Legal
The Law Commission of India has asked for inputs from BCCI state associations regarding the issue of sports betting. The Supreme Court of India ordered the Law Commission to conduct such a study after it was recommended by the Lodha Committee in its report that sports betting be made legal in the country. The Lodha ...
All Blacks To Develop Their Leadership In Upcoming Bledisloe Cup
The All Blacks had a surprise in the recent series against the British & Irish Lions when they were held to a draw after an epic third test resulted in a 15-15 scoreline. They are used to winning convincingly and will have a thing or two to prove to their doubters in the upcoming Bledisloe ...
GeoComply Continues To Play Pivotal Role In U.S Online Gambling Industry
Gaming companies are now required to have secure geo-location tracking technology in order to successfully operate in America, given the stringent regulatory requirements in just about every state. Several online operators including those offering daily fantasy sports (DFS) depend on companies like GeoComply, a leading provider of geolocation technological services to ensure that users outside ...
Sport Betting Legalization In U.S. To Get Boost After Donald Trump’s Win
Now that Donald Trump has been elected as the next United States President it has buoyed hopes of sports betting getting legalized in the country. Sports betting has been banned in the United States since 1992. A key executive of the American Gaming Association has said that lobbyists will be pushing for a legislation that ...
UK
Amazon, eBay Not Doing Enough To Combat UK Tax Fraud
Online giants Amazon and eBay were pulled up by the UK Parliament’s Public Accounts Committee who accused the two companies of not being stringent on online vendors thereby permitting them to commit tax fraud. The committee stated that Her Majesty’s Revenue and Customs (HMRC), which is the tax department in the UK had been scared ...
Cartoons Being Used By Betting Operators To Lure Minors
The gambling industry in the United Kingdom has grown at a rapid pace over the years as casino and online betting operators have invested heavily into marketing and advertisements to promote their offerings and expand their market base. The revenue pumped into gambling ads has increased with every passing year and recent reports suggest that ...
UKGC Releases Changes To Technical Standards For Online Poker
The United Kingdom Gambling Commission (UKGC) has released the final draft of its technical policy that regulates online poker operators. The policy is known as the Remote Gambling and Software Technical Standards (RTS). The UK gaming regulator had initiated public consultation on its online gambling technical standards and software usage policy last year and based ...
Gibraltar Reassures Gaming Industry Of Continued Support After Brexit
The verdict given by British voters to leave the European Union (EU) has caused Gibraltar-based online gaming operators deep concern. The Minister for Financial Services and Gaming for Gibraltar Rock, Albert Isola recently issued a statement to assure online gaming companies that the government remains committed to supporting the functioning of gaming operations. Gibraltar Rock ...
USA
IBM Launches Blockchain Network For Cross Border Transactions
IBM recently announced that it plans to launch a new blockchain payment technology network for international markets that will enable cross border transactions to be processed extremely fast. Cross border transactions where multiple currencies are involved usually take a number of days to be processed because multiple intermediaries and networks are involved. The innovative IBM ...
Maryland Casino Operators Push For Sports Betting To Be Legalized
There have been a number of states in recent times that have objected to the Professional and Amateur Sports Protection Act (PASPA) of 1992 which bans sports betting in all states with the exception of Nevada. PASPA has prevented casino operators and sports betting websites from offering legalized sports betting in their respective states and ...
Galaxy Macau Suffers Losses Worth US$77,000 From Fake Gambling Chips
A Macau casino resort has reportedly suffered losses to the extent of HKD600,000 ($76,849) this month as a result of seven separate incidents involving fake gambling chips according to the city’s Judiciary Police. The police did not reveal the name of the gambling venue targeted but a report showing images of the counterfeit chips carried ...
U.S. Supreme Court Agrees To Hear New Jersey Sports Betting Case
Surprising industry observers, the U.S. Supreme Court has agreed to hear arguments based on the case filed by the state of New Jersey which challenges the 25-year-old federal law banning sports betting in the country. This decision implies that the Supreme Court has set aside legal opinion from the country’s solicitor general which stated that ...
New Texas Bill Seeks To Protect Charitable Bingo From Illegal Gambling
A new gaming bill is being proposed in Texas that seeks to protect charitable bingo revenues which are under threat from illegal gambling. Texas allows non-profits to raise funds via charitable bingo events. Such events have so far raised over $1 billion for the organizations since it was legalized in 1981. The bill introduced by ...
Penn National Gaming To Focus On Further Expansion In Domestic Market
Penn National Gaming reaffirmed its commitment to expand and diversify its portfolio as it released results for the first-quarter of 2017 showing stronger than expected performance. The company has exceeded its own guidance for the first quarter EBITDA by $17 million The Pennsylvania-based company has said that it will continue with its plans to finish ...
Breaking News
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Amazon, eBay Not Doing Enough To Combat UK Tax Fraud
Online giants Amazon and eBay were pulled up by the UK Parliament’s Public Accounts Committee who accused the two companies of not being stringent on online vendors thereby permitting them to commit tax fraud. The committee stated that Her Majesty’s Revenue and Customs (HMRC), which is the tax department in the UK had been scared ... -
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