Casino
March 13, 2023
Singapore Regulator Prohibits Cryptocurrency Usage in Physical Casino
The newly formed Gambling Regulatory Authority (GRA) has announced a complete ban on the use of cryptocurrencies in land-based casinos, reported Inside Asian Gaming. Regulator Aims to Prevent Cryptocurrency Usage in Singaporean Casinos Albert Yeo, GRA’s General Counsel, stated that casinos have no appetite for the volatile revenue stream associated with cryptocurrencies. The agency aims […]
Casino
March 13, 2023
Casinos Remain Vulnerable to New Scams
CDC Gaming Reports correspondent Buck Wargo attended the event, which reunited 600 people from the industry, interested in improving security on-site casinos and protecting against scams and cyber fraud. Conference Highlights Ongoing Challenge in Containing Casino Scams The conference confirmed that casinos face new sets of challenges and that the pandemic had led to a […]
Casino
March 13, 2023
Ukraine Bans Gambling Businesses for 50 Years
Ukrainian President Volodymyr Zelensky announced a new round of sanctions against gambling businesses in the country, which are linked to schemes worth tens of billions of hryvnias, the country’s native currency. Gambling Companies Become Targeted by Ukrainian Presidential Decree According to the president, more than 280 companies and 120 people were involved in these businesses […]
Casino
March 10, 2023
Century Casinos Registered Double-Digit Revenue Growth in 2022
Gaming and hospitality operator Century Casinos released today its fourth quarter and full year 2022 financial report, posting increases in revenue and EBITDA despite the decline from US operations. Net Operating Revenue, Adjusted EBITDA Net operating revenue for the three months ended December 31, 2022, was $103.75 million, down 3% from $107.3 million registered in […]
Business
March 10, 2023
SkyCity Selects Shaun Philp Chief People and Culture Officer
The New Zealand gaming and entertainment company, SkyCity Entertainment Group, announced a senior-level appointment. On Friday, the company confirmed it has selected human resources expert and proven leader, Shaun Philp, for the role of chief people and culture officer. Although the appointment came this week, Philp will assume the new role starting on September 4, […]
Industry
March 10, 2023
BGC Says Tighter Restrictions May Push Gamblers to Unregulated Sites
The Betting and Gaming Council (BGC), the single industry body of the gaming and betting industry in the UK, released data from a new study that probed what may be the possible outcome of tight restrictions for the gambling market in the country. The study, organized by YouGov for the BGC, uncovered that 79% of […]
Legal
March 10, 2023
Woman Arrested after Brandishing Weapons at Harrah’s Casino AC
Sarah Watson, a Somers Point woman, is under arrest for attempting a robbery at Harrah’s Casino in Atlantic City. Investigators found out that this isn’t her first crime either. As reported by Breaking AC, Watson, 35, was arrested Friday at the casino where she pulled out a knife and an electroshock in the midst of […]
Legal
March 10, 2023
KSA Imposes €4,4M Financial Penalty against Gammix
The Dutch Gaming Authority, the Kansspelautoriteit (KSA), announced Thursday it imposed a multi-million fine against online gambling operator Gammix Limited. The fine dates back to a probe from June 2022, when the KSA found that the operator offered its services to customers in the Netherlands without the necessary license. As a result, the gambling watchdog […]
Business
March 10, 2023
S&P Global Ratings Upgrades Caesars as Digital Losses Ease
The upgrade is based on the expectation of improved leverage in 2023 as Caesars significantly moderates digital losses. S&P Global Ratings forecasts a 4%-6% increase in Caesars’ casino EBITDA for 2023 Caesars’ digital segment has been a drag on EBITDA over the past 18 months, but Caesars has reduced this in recent quarters as it […]
Sports
March 10, 2023
Ireland Keen to Follow Belgium and Block Gambling Ads
Ireland has long been debating whether gambling is a bit too much in the country, with Senator Mark Wall, the Labor Party’s sports spokesperson, pointing to Belgium as a good example of what should happen in his country as well. Block Gambling Ads Now, Says Irish Lawmaker According to Wall, the time is right to […]
