Industry
December 1, 2021
DraftKings CEO Implies NY Bettors Could Wager in NJ and CT
Leading US sportsbooks do not want professional bettors, or at least DraftKings does not, according to a speech at a Cannacord investor summit by its CEO Jason Robins. Robins also told investors that New York would not see the company spend aggressively for customer acquisition, implying New Yorkers could continue to wager in New Jersey and Connecticut. Professional […]
Industry
December 1, 2021
Fraud.com Set to Combat the Rising Gambling Fraud Issue
According to a CNBC article in August, there has been a considerable jump in online fraud attempts in 2021 compared to previous years. According to cited data from a TransUnion report, the number of cybercriminals targeting the gaming sector soared to 393% worldwide. In the US, the gambling fraud rate reached close to 262%. Suspected […]
Industry
December 1, 2021
ATM Withdrawals Are Coming to the iGaming Space
Online casino gamblers and sports bettors will soon be able to access their funds faster through a quicker withdrawal process. As the iGaming market continues to evolve, they will soon be able to access any winnings or account funds through their nearest ATM. iGaming Comes to ATMs PayNearMe has announced a partnership with Pin4. The […]
Industry
December 1, 2021
Tennessee’s New Sports Betting Regulator Ready to Take Control
Today marks one month before the Tennessee Sports Wagering Advisory Council (SWAC) assumes control of regulatory duties for sports betting from the Tennessee Education Lottery. As it prepares to do so, it could approve emergency regulations over its own activity to help the transition go smoothly. Tennessee Advancing Sports Betting Activity Mary Beth Thomas, SWAC […]
Industry
December 1, 2021
Melco Raises Concerns Over Macau’s Future Following Suncity Debacle
Melco Resorts and Entertainment Ltd’s Macau subsidiary stated in its third-quarter report that it could face increased risks from “interpretation and enforce” laws relating to gaming. Melco Resorts Finance Ltd is concerned that changes occurring in Macau’s gaming industry could cause issues for the entire market. Macau Gaming in Flux Melco Resorts Finance Ltd stated […]
Industry
November 30, 2021
UKGC: Remote GGY Skyrockets to $9 Billion during 2020-2021
Gross Gambling Yield (GGY) for remote gambling activities such as casino, betting and bingo skyrocketed in the UK for the period between April 2020 and March 2021. The UK Gambling Commission (UKGC) has announced new figures that reveal that remote GGY in the country has hit $9.13 billion (£6.9 billion). This marked a significant increase […]
Industry
November 30, 2021
Malta: Negotiating Minimum Tax Rate Carve-Outs and Concessions
Malta is mulling on how to sweeten the impact on businesses, including some large gambling companies headquartered in the island country, from the upcoming tax rate hike in 2023, an article in the Times of Malta speculates. Gambling Hub Status under Threat The new corporate tax that will be introduced will be in line with […]
Industry
November 30, 2021
92% of National Gambling Treatment Service Clients Show Improved Condition
Today, GambleAware has published the yearly statistics for the 2020-2021 period issued by the National Gambling Treatment Service (NGTS) in the UK. The data from the statistics report revealed a number of important conclusions with regards to the success rate of the treament of problem gamblers. Good Index Scores for 92% of Problem Gamblers Who […]
Industry
November 30, 2021
GAMSTOP Reaches 250,000 Registrations as Users Praise Program
GAMSTOP, the trusted self-exclusion gambling program in the United Kingdom, has announced that it has been able to achieve 250,000 registrations, marking a new milestone for the initiative and its commitment to protecting vulnerable gamblers. GAMSTOP attested to an increase in the number of new signups with 67,000 players signing up during 2021, compared to 51,000 in […]
Industry
November 29, 2021
YouGov: Wealthy Brits Favor Euromillions, More Likely to Take Higher Risk
A new report released by the British market research and analytics firm YouGov unveils interesting details regarding the gambling spent of wealthy Brits. YouGov Reveals Details of a New Research Last week, YouGov released details regarding new research seeking to determine the gambling spent for Brits with different incomes. The analytics firm created three types […]