Russia | World Casino News

Flamingo Casino Club issued with five-state cease-and-desist order

May 13, 2022

Online gaming software, Latest Casino and Gambling News, U.S.A., Online gambling regulation, Gaming Industry News, Poker, Online Gambling News, Crime, Financial Fraud

In the United States and regulators in five states reportedly filed an emergency cease-and-desist order earlier this week against a metaverse enterprise they claim ‘is simply a high-tech scam’ with illicit ties...

Camelot Group to challenge National Lottery operating decision in court

Adam Morgan

March 28, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Lottery, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, United Kingdom

In the United Kingdom and Camelot Group is reportedly soon set to launch a legal challenge against the Gambling Commission’s recent decision not to award it with the ten-year National Lottery operating license....

Playtech chalks up a profitable 2021 due to significant North American growth

Adam Morgan

March 25, 2022

Latest Casino and Gambling News, U.S.A., Central & South America Gaming, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, United Kingdom

Prominent online casino games developer Playtech has reportedly announced that its net profit for the twelve months to the end of December increased by slightly over 25% year-on-year to top €317.1 million ($349...

Disappointing weekend for Macau casino operators

Adam Morgan

March 15, 2022

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

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the on...

PokerStars suspends services in Russia as sign of support for Ukraine

Sadonna Price

March 11, 2022

Latest Casino and Gambling News, Online Poker, Poker, Russia, Ukraine

As the war on Ukraine continues, many major companies are pulling services from Russia as a sign of solidarity for the attacked country. Aligning with companies like Coca-Cola and McDonald’s, online poker giant...

Parimatch and Bet365 close their Russia-facing iGaming domains

Adam Morgan

March 3, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, European Casino News, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Russia

Prominent online casino and sportsbetting operators Parimatch and Bet365 have reportedly pulled their services from Russia after that giant nation’s army last week invaded the neighboring country of Ukraine. ...

Ukraine runs out of time in campaign to ratify new gambling tax proposals

Adam Morgan

December 20, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Taxation, Ukraine

Ukraine has reportedly missed out on its final chance of the year to ratify a piece of legislation that would have fixed a number of outstanding tax issues and finally confirmed the eastern European country’s n...

Alvin Chau Cheok Wa to resign as boss of Suncity Group Holdings Limited

Adam Morgan

November 30, 2021

Latest Casino and Gambling News, Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Online Gambling News, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud

Following his arrest by police in mainland China over the weekend and Alvin Chau Cheok Wa (pictured) is reportedly set to stand down as Chief Executive Officer for Asian casino investor Suncity Group Holdings L...

Summit Ascent Holdings Limited extends loan on Philippines casino

Adam Morgan

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...