Brazilian officials consider introducing a new package of law, which is to relax the restrictions imposed on the gambling market. The local media JD1 Notícias published the results of a recently conducted public opinion research, which showed that the majority of the Brazilian residents support the regulation of the industry. […]
Author: Daniel Thompson
Funniest Gambling Bets of All Time
The top reason for most of the people to place bets is the possibility to hit a solid amount of money without any efforts. For others, gambling is a pastime, which brings diversity and adrenaline in the daily life. No matter what are the reasons to gamble, one thing for […]
Amax Takes Steps to Bolster Presence on Cambodian VIP Gambling Market
On Monday, 4th September, Amax International Holdings Ltd, a company investing in Macau casino and entertainment business operations, issued a filing to the Hong Kong Stock Exchange in which it announced that the company has inked a Letter of Intent, seeking to expand its operations on the Cambodian gambling market. […]
Profit-Generating 888 Turns Into Loss-Making Company
The British-based online operator 888 reported that despite the revenue growth for the first half of the year, the company marks a significant pre-tax loss of $17.3 million in comparison to its profit for the same period last year, estimated to be $27.8 million. This means that the company’s losses […]
Tax Exempt Status of Indiana’s Tribal-Owned Casino Adds Fuel to the Fire
The first tribal-owned casino in Indiana and more precisely the Four Winds Casino in South Bend may turn out to be the Apple of Discord among the gambling operators, as the Pokagon Band of Potawatomi Indians, known to be the owners of the upcoming casino, does not need to pay […]
Betway Cements Presence on eSports Market, Sponsoring ESG Tour
PvPro Gaming announced that the international online gambling company Betway is to be the major sponsor of the ESG Tour, which is set to kick off on 7th September in the Greek island of Mykonos. The competition is to offer a massive prize of £200,000 for the winner, solidifying Betway’s […]
Online Casinos Benefit from Third Parties to Target Vulnerable Players
After the UK-based online gambling operator 888 was fined the record amount of £7.8m for failing to help players with gambling problems, a scandalous revelation came under the spotlight. An investigation dug out a scheme, which is utilized by online gaming operators to target vulnerable players. It emerged on the […]
eSports Betting Opens Good Financial Perspective for New Jersey
On Thursday last week, Governor of New Jersey Chris Christie signed a fantasy sports bill, which put all daily fantasy sports (DFS) operators under a regulated environment, imposing 10.5% tax on them. This gave rise to another opportunity for the state to boost its economy and that is to regulate […]
Officials Remain Optimistic Despite Revenues Slide at Pittsburg Casino
The new Kansas Crossing casino in Pittsburg, which managed to win over two other bids for a casino in Southeast Kansas and opened at the end of March this year, reported that its revenues cannot reach the projected monthly peak of $3 million, but the officials’ comments on the matter […]
York Casino Campaign Gets Assistance from “Brexit” Advocating Firm
The referendum campaign for a new casino in York County has been reported to benefit from the services of the same controversial ballot firm, which talked the Brits to support “Brexit” and farewell the European Union. This time the goal is to persuade the British nation to support the southern […]