Economy/Finance

MGC Fines DraftKings $450K for Credit Card Betting Breaches

The Massachusetts Gaming Commission (MGC) has fined DraftKings $450,000 for failing to prevent the use of credit card funds in online sports betting—an explicit violation of the state’s gambling laws. The breac...

Prime Sportsbook Goes Live in Kentucky, Extending U.S. Presence

Prime Sportsbook has officially launched in Kentucky, marking its third online market in the United States and continuing its expansion amid fierce competition in the sports betting landscape. The New Jersey-ba...

PointsBet Board Dismisses Betr Bid, Supports MIXI’s Cash Offer Amid VIP Revenue Worries

Australian sportsbook operator PointsBet has once again declined a takeover proposal from rival Betr, pointing to concerns around the stability and risk profile of Betr’s revenue model. The company instead endo...

Industry Warns of Major Job Losses If Online Gaming Ban Proceeds in Philippines

Online gaming stakeholders in the Philippines have issued warnings over the far-reaching consequences of proposed legislation that would impose a blanket ban on the legal sector. According to licensed operators...

Codere Implicated in Spanish Investigation Tied to Ex-Minister Montoro

A wide-reaching investigation by Catalonia’s police force, Mossos d’Esquadra, has revealed potential misuse of influence by former Spanish Finance Minister Cristóbal Montoro in connection with the gambling sect...

Resorts World Presents $5.5B Project Bid for Existing Queens Casino to Community Advisory Committee

Resorts World New York City (RWNYC) has officially submitted its ambitious $5.5 billion expansion proposal to the Community Advisory Committee (CAC), marking a critical step in its pursuit of one of three downs...

Allwyn Expands Digital Reach with Full Stoiximan Takeover Following Casino Asset Sales

Allwyn International AG has taken a decisive step toward bolstering its digital gaming footprint by finalizing plans to acquire the remaining minority stake in Stoiximan while divesting its land-based casino as...

Over 600k Social Aid Recipients Suspected of Online Gambling in Indonesia

The Indonesian government is intensifying its crackdown on online gambling, revealing that hundreds of thousands of social assistance recipients may be diverting funds to illegal betting activities. According t...