By Alexander Palmer Japan’s IR Efforts Embroiled in Bribery ScandalDecember 31, 2019 Needless to say, Japan’s yet-to-be-launched online casino industry is highly contested by both potential host cities and several casino operators from all around the world. Things seemed to be going very smoothly until recently when a bribery scandal emerged casting a huge shadow on the efforts. Already, the country’s authorities have arrested a member of […]
By Grant Mahon DOJ Maintains Its Stand on Its Wire Act ReinterpretationDecember 27, 2019 Last week, the United States Department of Justice officially filed the opening brief in its appeals of a federal court decision from earlier this year. The court ruling that is being appealed rejected the reinterpretation of the Wire Act by the department’s judges at the end of 2018. The reinterpretation of the law significantly expanded […]
By Ameana Jones DraftKings Going Public with Triple Merger Deal & $3.3B ValuationDecember 24, 2019 Renowned sports betting operator DraftKings has plans to kick off 2020 on a very high note. The company is set to go public within the first half of the coming year in a three-way deal with SBTech and an acquisition fund founded by former Hollywood executive Jeff Sagansky. Diamond Eagle Acquisition Corporation, the acquisition fund […]
By Tomas Medon Rivers Casino Fined for Underage Gambling ViolationsDecember 20, 2019 Last Wednesday, the Pennsylvania Gaming Control Board (PGCB) held a hearing where a number of details regarding the Keystone State’s gambling industry were discussed. One of the most notable highlights of the hearing was the $62,500 fine that was imposed on Rivers Casino Philadelphia which had been found to have committed underage gambling violations. The […]
By Elaine West Spelinspektionen Unveils Initiative to Fight Rogue OperatorsDecember 17, 2019 Spelinspektionen, the Swedish gambling regulator, has recently rolled out a number of measures that are meant to further clean up the country’s gambling industry. Most of the newly introduced measures are aimed at ensuring that gambling operators offering their service to the country’s residents are operating in compliance with the law. Needless to say, it […]
By Alexander Palmer Caesars Unveils $90M Land-Based Casino in Southern IndianaDecember 13, 2019 On Thursday, December 12, 2019, Caesars Entertainment unveiled its $90 million Caesars Southern Indiana in Elizabeth. The unveiling puts to end an intensive 18-month construction phase that was aimed at making the property the go-to gambling and hospitality venue in the region. This new casino and hospitality facility replaces the recently shut down 21-year-old riverboat […]
By Grant Mahon NetEnt Unveils New Casino Aggregation PlatformDecember 11, 2019 Renowned Swedish online gambling operator NetEnt has recently launched its NetEnt Connect content aggregation platform, a product that is going to significantly enhance its roster of solutions. The company is one of the most popular gaming solution providers in the industry and this makes its developments particularly head-turning simply because they usually have an impact […]
By Ameana Jones Century Completes $107M Acquisition of Three Eldorado CasinosDecember 10, 2019 Last Friday, Century Casinos announced that it has completed the acquisition three casinos from Eldorado Resorts in a deal that was worth about $107 million. The three casinos that Century acquired were the Isle Casino Cape Girardeau in Cape Girardeau, Missouri, Lady Luck Caruthersville in Caruthersville, Missouri, and Mountaineer Casino, Racetrack and Resort in New […]
By Tomas Medon Uncertain Future for Credit Card Gambling in AustraliaDecember 6, 2019 Credit card gambling in Australia is currently in the crosshairs of the country’s banking regulator and depending on how things turn out, it may be either axed completely or limited to some extent. This follows the move by the Australian Banking Association to release an 8-page consultation paper on Thursday, December 5. The paper contains […]
By Elaine West Japanese Government Proposes Withholding Tax on Casino WinningsDecember 3, 2019 As part of the preparations to usher in Japan’s long-awaited Integrated Resorts (IRs), a number of regulatory developments have been suggested. The new casino regime is expected to be a gamechanger for the country and the government is looking for ways to ensure everything turns out just as expected. One of the most recent proposals […]