Momentum Expands UAE Online Gaming With TrueWin and Dream Island

Vanja Mitic
United Arab Emirates, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Online Gambling News
Momentum, the operator behind the UAE’s only licensed lottery, has begun running two online gambling platforms that offer extensive casino and sports betting options. The sites, named TrueWin and Dream Island, ...

MGA Issues Warning Over Unlicensed Gambling Sites Misleading Players

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Unlicensed Operation, Online Gambling News, Crime, Malta
The Malta Gaming Authority (MGA) has issued a stern warning regarding two online gambling platforms—lavbet321.com and kasinoseta.com—which are falsely claiming to be licensed by the MGA. The regulator has clari...

Prediction Markets Pose New Credit Risks, Bank of America Warns

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Sports betting
Bank of America has raised concerns about a growing financial risk posed by the rapid expansion of prediction markets and online sports betting in the United States. The bank's global research team highlighted ...

Kalshi Faces Legal Battle Over Alleged Unlicensed Sports Betting Practices

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino Cheating, Gaming Industry News, Unlicensed Operation, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation
Kalshi, a prominent prediction market platform, is facing a significant legal challenge in the form of a class action lawsuit. The suit, filed in the Southern District of New York, accuses the company of operat...

Underdog Bows Out of Missouri Sports Betting Launch: Eight Remain

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Licensed online casinos in USA, Licenses, Online Gambling News, Sports betting, Licensing, Missouri
Missouri’s entry into the legal sports betting scene will begin on December 1, but one notable sportsbook, Underdog, will not be joining the launch. The company withdrew its application for an operating license...

UK Finalises Major Gambling Tax Overhaul Following OBR Budget Leak

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Online Gambling News, United Kingdom
The UK gambling sector is preparing for the most dramatic reshaping of its tax environment in years after official documents released in error confirmed sweeping increases affecting online casinos and sports be...

Rivers Enterprise Finalizes $991M Recapitalization of Pittsburgh Casino

Vanja Mitic
Latest Casino and Gambling News, U.S.A., Casino Destinations, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Pennsylvania
Rivers Casino Pittsburgh in Pennsylvania has undergone a major ownership transition, with Rush Street Gaming’s affiliated entity Rivers Enterprise Borrower, LLC now assuming complete control of the property. Th...