Legal
April 26, 2022
India Fleshes Out Gambling Plans for Meghalaya
Following on news last week that the state of Meghalaya is planning to push ahead with a comprehensive gambling framework, more details have become available to outline how this is going to happen. The state is not thinking about wasting any time or opportunity and will press on with both online gambling and in-person gambling, […]
Casino
April 26, 2022
Waikato Region Gamblers Lose $150,000 on Pokies Daily
Waikato communities in New Zealand have borne the brunt of gambling, with the regions experiencing the direct negative impact of the activity affecting some of the poorest people in the country. Both Pasifika and Māori are struggling with keeping their gambling under control as locals have been increasingly turning to poker machines that are omnipresent […]
Casino
April 26, 2022
xQc Says He Can Afford Being a Gambling Addict
Felix “xQc” Lengyel has opened up about his gambling addiction on Twitch. His addiction has seemingly chased him his entire life, in the streamer’s own words, and he now feels compelled to take unnecessary risks in every game he plays. On the bright side, xQc argues that he “can afford to be ill,” which is […]
Casino
April 25, 2022
Detroit’s Greektown Casino-Hotel to Rebrand as Hollywood Casino
Greektown Casino-Hotel, one of the three Detroit city casinos, will soon be renamed Hollywood Casino, Penn National Gaming (PNG) announced today. Rebranding Comes with Additional Amenities Effective May 1 and subject to customary regulatory approvals, the 100,000-square-foot gaming, entertainment, and dining destination and 30-story hotel in Detroit’s Greektown Historic District will go under Penn’s flagship […]
Industry
April 25, 2022
LeoVegas’ Blue Guru Games Studio Marks First Slot Launch
Blue Guru Games, a game studio part of LeoVegas Group, announced the launch of its first slot title, The Nemean Lion, in preparation for further launches in the second half of the year. The First of Many The Nemean Lion, the first in Blue Guru Games’ future portfolio of slot games, is now available through […]
Lottery
April 25, 2022
Brazil Preparing for Powerball-like Lottery Game “Millionaria”
Brazil is closer to the launch of a new lottery draw, and then again, it isn’t. What should have been a May 2 launch has now been postponed – once again – to June with the “Millionaria” still having some way to go before it can be added to the nation’s lottery draws. Millionaria Ready […]
Casino
April 25, 2022
SJM Holdings’ Liquidity Runs Low, According to JP Morgan Analysts
SJM Holdings’ liquidity has been labeled as “worrying” by JP Morgan analysts as concerns are rising concerning SJM Holdings’ refinancing abilities as the pandemic keeps soaring. The Macau casino concessionaire was among the businesses that paid a lot of money to extend their licenses until the end of 2022. SJM’s Cash Reserves Can Last for […]
Legal
April 25, 2022
European Gaming Properties on Lookout for Countries with Failing AML Policies
Southeast Asia continues to be targeted by global financial regulators. The latest red flag has been raised by the European Union which has chosen to keep the Philippines and Cambodia on its list of countries that are struggling to enforce up-to-date anti-money laundering controls and pose a threat to businesses and consumers. Watch Out for […]
Industry
April 25, 2022
Macau’s Casinos May Be Holding up to $6.4B in Frozen Junket Funds
The relationship between casino concessionaires in Macau and junket operators has never been exactly amicable, but a sweeping change to the existing laws is not making it any easier. Many of the present-day issues pertain to questionable practices in the past and the present-day realities are something that analysts, including Credit Suisse’s Kenneth Fong, Lok […]
Casino
April 25, 2022
FCA Seizes $2.6M from QPay over Transactions to Online Gambling Businesses
The UK Financial Conduct Authority (FCA) has seized a total of £2 million ($2.60 million) from QPay Europe. The money has been tied to a $150 million bank fraud that took place in the United States. What’s QPay Connection to the Bank Fraud? The FCA has not openly stated whether it considered QPay a complicit […]
