Industry
December 7, 2020
Brazil Sports Betting Regulation in Place by Mid-2021
Brazil could have a regulatory framework for sports betting next year according to estimates provided by local experts and shared by BNL Data. The report revealed that the Government is planning to establish a regulatory framework for fixed odds betting, in which all participants in the activity will know the prizes in advance, with the […]
Industry
December 7, 2020
Lottery, Gambling and Betting Are Taxable, Supreme Court of India Rules
The Supreme Court of India issued a decision regarding the petition filed by Skill Lotto Solutions questioning the definition of goods and claiming that the levy of tax on the lottery is discriminatory and against the constitution. The judgment did not find any grounds for such claims and ruled that the imposition of tax on […]
Industry
December 7, 2020
NetEnt and Evolution to Face Industrial Dispute with GWU
The General Workers’ Union announced on Sunday that it is declaring an industrial dispute with NetEnt and Evolution over employee redundancies. General Workers’ Union to Take Industrial Action with NetEnt and Evolution The General Workers’ Union (GWU) has declared an industrial dispute with NetEnt and Evolution Gaming Group, which finalized the merger of their […]
Industry
December 6, 2020
JP Morgan: No Room for Panic for Macau Casinos for Now
Macau gambling industry is still struggling to rebound from the coronavirus impact and the subsequent restriction measures resulting in $27 billion less revenue this year, when a new existential threat is on the horizon: the adoption of the digital currently backed by the People’s Bank of China (PBC), the digital yuan. Junkets Facing an Existential […]
Industry
December 6, 2020
Scientific Games Supports Campaign Against Child Lottery Play
For another year in a row, Scientific Games is joining its industry peers in a campaign to raise awareness about the risks of child lottery play and to discourage adults from giving lottery tickets as presents to the underaged. Lottery Play Poses a Threat to Children, a Research Finds Out Gaming and lottery supplier Scientific […]
Industry
December 5, 2020
BetMGM Launches BetMGM Casino in Pennsylvania
BetMGM, the sports betting and iGaming brand of the joint venture of GVC Holdings and MGM Resorts, Roar Digital, announced yesterday the launch of its BetMGM Casino in Pennsylvania, offering players in the Keystone State the opportunity to experience firsthand its exclusive portfolio of slot and table games. BetMGM Casino Live in Pennsylvania The easy-to-play […]
Industry
December 5, 2020
Stefan Lundborg Resigns From Kindred Due To Insider Crime Investigation
Stefan Lundborg is leaving his position as а non-executive director at Kindred Group after he became a subject of investigation for insider crime launched by the Swedish Economic Crime Authority (SECA) Stefan Lundborg is Subject to Investigation for Inside Crime by SECA Kindred Group has informed the public in a press release about the resignation […]
Industry
December 4, 2020
Gambling Review in the UK Starts on Monday, December 7
The United Kingdom will begin its Gambling Act review on Monday, December 7 in what is the broadest regulatory move the gambling industry on the island has seen since 2005. Gambling Act Review Begins on Monday The long-anticipated review of the Gambling Act will launch this coming week and it will put up several important […]
Industry
December 4, 2020
MGM Resorts and MGM Growth Properties Announce Redemption of $700 Million Partnership Units
MGM Resorts had $700 million as part of its agreement with MGP to exchange $1.4 billion of the MGP Operating Partnership units owned by MGM Resorts for cash by February 2022. MGM Resorts Left with 53% Stake in MGM Growth Properties On Wednesday, MGM Resorts announced it has reduced its ownership stake in its real […]
Industry
December 3, 2020
Atlantic City’s Rating by Moody’s Remains at Ba3, Outlook Shifts to Positive
Moody’s has put on hold the issuer’s rating of Atlantic City due to the unstable economic situation, increased governance and social risk, as well as income inequality. Despite the ongoing challenges, its outlook has been improved due to the city’s casino property taxes programme, the growth in online gambling and the city’s continued efforts for […]