Industry
March 23, 2023
Fineff’s Testimony Sparks Calls for Stricter Gambling Regulation in Australia
The Guardian reported that the case of Gavin Fineff, a former financial advisor who lost more than AUD8 million ($5.4 million) to sports betting companies, has brought the issue to the forefront once again. Speaking to federal politicians in Canberra, Fineff urged them to take radical action to prevent others from falling into the same […]
Business
March 23, 2023
Ainsworth Game Technology Appoints Haig Asenbauer as Non-Executive Director
Haig Asenbauer, who is a lawyer by profession and works as a partner at Asenbauer Rechtsanwaelte GmbH in Vienna, Austria, is also present with Novomatic AG, where he serves as deputy chair. Asenbauer Brings Value and Expertise to Ainsworth at Time of Growth Novomatic currently owns 52% of Ainsworth’s stock, which it acquired back in […]
Casino
March 23, 2023
Philippines Looks Harder at Suspicious Junket Transactions in New Report
The study’s broader scope is an attempt to better understand the money laundering and terrorist financing failings in the casino sector, and specifically the junket sector. The majority of those originate in casino junket operators, the AMLC argues, with the study flagging multiple transactions that should have been reported but hadn’t. Junket Operators Feed Operators […]
Esports
March 23, 2023
Lawsuit Fails Short of Categorizing Loot Boxes as Gambling
Judge Justice Fleming has ruled that loot boxes could not be categorized as a form of gambling, but he allowed another part of the lawsuit to continue. This part singles out EA for its use of what the plaintiffs describe as “deceptive and unconscionable acts or practices,” and cites Canadian consumer protection law to drive […]
Business
March 22, 2023
Star Entertainment Appoints David Foster as Chairman amidst Ongoing Difficulties
The company is experiencing significant hardships after losing its New South Wales and Queensland licenses, owing hundreds of millions in fines and facing several class action lawsuits. Foster’s appointment is part of an ongoing process to remedy the company’s shortcomings, ensure compliance and contest unjust allegations. The new chairman remains optimistic regarding the company’s future […]
Casino
March 22, 2023
Razon’s Bloomberry Resorts Withdraws Investment in Uy’s PH Resorts
Bloomberry Resorts Corp., the operator of Solaire Resort & Casino in Manila, announced in a filing to the Securities and Exchange Commission (SEC) of the Philippines that its investment pre-agreement with PH Travel and Leisure Corp was terminated. Term Sheet Termination The filing with the SEC confirmed the news that the board of billionaire Enrique […]
Casino
March 22, 2023
Wynn Resorts Designates ALEC as Wynn Marjan Contractor
Wynn Resorts has taken another step toward its goal to recreate the Las Vegas Strip in the United Arab Emirates. The global gambling operator has announced that the main contractor for the construction of the unprecedented Marjan Island property is ALEC Engineering and Contracting. The contractor, a part of the Investment Corporation of Dubai, was […]
Industry
March 22, 2023
Responses of DCMS Gambling Inquiry Published
Launched in December, the Digital, Culture, Media and Sport (DCMS) Committee sought to examine the regulation of gambling in the UK. The Committee invited industry stakeholders such as gambling operators, nonprofit organizations, researchers and other organizations within the gambling sector to answer a series of questions. The invitation for written evidence was opened through February […]
Casino
March 22, 2023
Rivalry Continues Expansion with Casino Product Debut in Ontario
Regulated media and sports betting company, Rivalry, confirmed the launch of its casino product in its home market in Ontario, Canada. The company said Wednesday that Casino.exe, its interactive casino platform, will debut in Ontario, featuring a total of 8 casino games. Rivalry has identified the potential of the iGaming vertical and has been continuously […]
Casino
March 22, 2023
Playson Strengthens Foothold in Romania with New LasVegas Partnership
The leading developer of cutting-edge, innovative gaming content present in more than 18 regulated jurisdictions has announced its collaboration with the Romanian operator as a means of strengthening its presence in the country. Fresh Playson Releases to Reach the Romanian Market According to the freshly-inked deal between the two parties, LasVegas will add Playson’s rich […]
