Economy/Finance

MGC Fines DraftKings $450K for Credit Card Betting Breaches

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation, Massachusetts
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

Johnny K.
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Licensing, Kentucky
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

Johnny K.
Australia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Oceania Casino News
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

Vanja Mitic
Latest Casino and Gambling News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Employment & Careers, Online Gambling News
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

Vanja Mitic
Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Employment & Careers, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Spain
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

Vanja Mitic
Casino News, Latest Casino and Gambling News, Casino Destinations, Casino proposals, New Hotels, Casino project updates, Gaming Industry News, Casino moguls, Economy/Finance, Licenses, Licensing, New York
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

Johnny K.
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Cyprus, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Greece
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

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Unsavory reports, Gaming Industry News, Mobile gaming, Economy/Finance, Asian Casino News, Online Gambling News, Oceania Casino News, Crime, Financial Fraud
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...