Tagged russia

Summit Ascent Holdings Limited extends loan on Philippines casino

September 21, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

Asian casino operator Summit Ascent Holdings Limited has reportedly extended the maturity date on a $122.5 million loan it agreed with Filipino associate SunTrust Home Developers Incorporated in February. Ac...

China records significant increase in prosecutions of gambling-related crimes

Adam Morgan

July 26, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, China, Gaming Industry News, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Online Gambling News, Sports betting, Crime, Financial Fraud

In China and the Supreme People’s Procuratorate has reportedly announced that it prosecuted 46,575 people over the course of the first six months of 2021 for gambling-related crimes. According to a report fr...

Suncity Group Holdings Limited expecting to record full-year profit

Adam Morgan

March 23, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Asian casino investor Suncity Group Holdings Limited has reportedly announced that it expects to release its 2020 financials next week featuring a respectable full-year profit attributable to shareholders of ab...

Spaceiks LLC awarded inaugural Ukrainian iGaming license

Adam Morgan

February 4, 2021

Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, New online casinos, Gaming Industry News, The Players Lounge, Online Gambling News, Licensing, Ukraine

In the Ukraine and authorities have reportedly issued the nation’s inaugural iGaming license some five months after finally passing a wide-ranging piece of legislation to legalize some forms of online gambling....

Suncity Group experiencing slow post-coronavirus recovery

Adam Morgan

January 12, 2021

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Casino project updates, Economy/Finance, Macau

The Macau business unit of Asian junket operator Suncity Group is reportedly still slowly recovering from last year’s coronavirus-related disruption with its overall rolling VIP chip volumes currently standing ...

Consultancy firm describes Russia’s new sports betting draft law as being poor quality

Sadonna Price

December 16, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Sports betting, Russia

Gaming consultancy firm 4H Agency has provided input on the recently drafted law for sports betting in Russia. According to the agency, the law is of ‘very poor quality.' The company helps gaming entities to se...

Aspire Global agrees BtoBet deal with Russian National Lottery Operator for Sports Lotteries LLC

K Morrison

November 20, 2020

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Lottery, Online Gambling News, Mergers, Acquisitions & Partnerships, Russia

Malta-based B2B online casino platform and solutions provider Aspire Global has inked a multi-year partnership agreement with Sports Lotteries LLC, operator of the Russian National Lottery (Stoloto), for the re...

PokerStars announces iGaming exit from China, Macau and Taiwan

Adam Morgan

September 1, 2020

Latest Casino and Gambling News, Taiwan, Online gambling regulation, China, Gaming Industry News, Online Poker, Economy/Finance, Poker, The Players Lounge, Online Gambling News, Asian Casino News, Macau

As part of an ongoing effort to improve its compliance standards, giant online casino and sportsbetting operator Flutter Entertainment has reportedly announced the exit of its PokerStars iGaming brand from Chin...

Alvin Chau showing commitment to Suncity Group Holdings Limited

Adam Morgan

August 19, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships

The main investor in Asian casino management firm Suncity Group Holdings Limited has reportedly transferred shareholder loans worth approximately $500 million into perpetual securities featuring no maturity dat...

Ukrainian President signs legislation legalizing land-based and online gambling

Adam Morgan

August 12, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, The Players Lounge, Licenses, Online Gambling News, Sports betting, Taxation, Ukraine

In Ukraine and President Volodymyr Zelensky (pictured) has reportedly added his signature to a piece of legislation to officially legalize a wide range of gambling activities including those conducted online an...

Wide-ranging gambling legalization measure gets the nod in Ukraine

Adam Morgan

July 14, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Game manufacturers, Economy/Finance, The Players Lounge, Licenses, Online Gambling News, Sports betting, Taxation, Ukraine

Parliamentarians in Ukraine and have reportedly approved a measure that may soon see the eastern European nation legalize a wide range of gambling activities including those conducted online and via mobile devi...

Scientific Games Corporation taking third largest shareholder to court

Adam Morgan

June 17, 2019

Latest Casino and Gambling News, Game manufacturers, Economy/Finance, Lottery, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Nevada

American lottery and gaming machines innovator, Scientific Games Corporation, is reportedly taking its third largest shareholder to court in an effort to get the entity to hand over information required for an ...

Macau junket firms launch VIP operations in Sihanoukville

Adam Morgan

May 7, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Cambodia, Casino News, Casino openings, Mergers, Acquisitions & Partnerships

Two of Macau’s most prominent junket firms have reportedly recently established VIP-facing operations inside a small casino situated within a new beachfront resort located in the southern Cambodian city of Siha...

China posts substantial increase in lottery sales for July

Adam Morgan

September 21, 2018

Latest Casino and Gambling News, China, Economy/Finance, Lottery

In China, a sharp rise in the sale of tickets into the China Sports Lottery reportedly helped overall lottery revenues for July increase by some 61.9% year-on-year to reach $7.99 billion. Benefits from footb...

Macau gross gaming revenues continue recovery in July

Adam Morgan

August 1, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

After recovering from a somewhat disappointing previous month to post June aggregated gross gaming revenues of approximately $2.78 billion, the over 30 casinos in Macau have now gone even better by recording a ...