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South Africa Seeks New Ways to Fight Illegal Online Gambling
- April 6, 2016 By Oliver Young -
In July 2015 the National Gambling Board in South Africa announced the country’s plans to fight illegal online gambling with the formation of a multi disciplinary task force. Now the country wants to give new powers to government agencies to combat with illegal gaming on the web. Last week the Department of Trade and Industry […] Continue Reading
First Virtual Reality Casino Application Launched by GAN
- April 4, 2016 By Oliver Young -
GameAccount Network PLC, also known as GAN which develops B2B online gaming software and provides gambling services in the United States, launched the first ever virtual reality casino app. The B2B VR Simulated Gaming app is available at the company’s client, Empire City Casino in New York, and is compatible with desktop PCs and the […] Continue Reading
Ms. Wynn Sues Ex-Husband Steve to Take Her $900 Million Stake Back
- March 30, 2016 By Oliver Young -
The ex-wife of casino whale Steve Wynn filed a lawsuit to the Clark County District Court against her former husband to regain control over her 10% stake in the large gambling company Wynn Resorts Limited. The stake of Elaine Wynn is reported to have been valued at about $900 million. Elaine also said in the […] Continue Reading
Online Gaming Market Set for New Growth
- March 29, 2016 By Nemanja L. -
Online gaming has been one of the fastest growing industries in the 21st century and there have been more good news for leading gaming operators as market research specialists predict the trend to continue in years to come. Market research company Technavio predicts that the global online gaming market will witness an 11 percent growth […] Continue Reading
MGM Resorts Speeds Up Construction Work on Springfield Casino
- March 28, 2016 By Oliver Young -
After a delay of about a year MGM Resorts can finally speed up the construction work on its $950 million Springfield Casino Resort in Massachusetts. The large complex was expected to be completed and launched in 2017 and to become the first big scale commercial casino in the US state. However, the construction was delayed […] Continue Reading
Gambling Operators in Russia Struggling to Adapt to New Online Requirements
- March 23, 2016 By Oliver Young -
Not only they have recently posted a serious decline in profit, but online bookmakers in Russia are also making slow progress towards meeting the newly set requirements related to payments. The independent regulatory body Bookmakers SRO told media this week that the JSC KIWI-Bank based in Moscow will be handling all online betting payments based […] Continue Reading
Massachusetts to Test Pre-Commitment Technology in Slots
- March 21, 2016 By Oliver Young -
The new slots parlor in Massachusetts owned by Penn National Gaming is going to be the first gaming facility in the United States to test the pre-commitment technology in slot machines called Play My Way. The purpose of this technology is to set spending limits when playing slots and to reduce the problem gambling behavior […] Continue Reading
UK to Tax Casino & Bingo Free Bets from 2017
- March 17, 2016 By Nemanja L. -
Online casino and bingo operators licensed in the UK will be obliged to pay tax on their free bet promotions from 2017, it has been revealed. Chancellor George Osborne presented the government’s new budget proposal on Wednesday, revealing the plan to impose a 15% general betting duty (GBD) tax on free bets and discounted wagers […] Continue Reading
5Dimes Allegedly Laundered $2M via Amazon Gift Cards to Bypass US Financial System
- March 16, 2016 By Oliver Young -
According to media reports, 5Dimes, an online gambling operator based in Costa Rica, was accused by the US Homeland Security of advising gamblers to use Amazon gift cards in order to fund their gaming accounts. In the process to bypass the financial system in the US, the operator allegedly laundered approximately $2 million through these […] Continue Reading
Brazil a Step Closer Towards Regulating Online Gambling
- March 14, 2016 By Oliver Young -
Brazil is now a step closer towards online gambling regulation after the House of Representatives committee agreed on the amended version of the proposed gambling legalization in the country. Last week the Special Committee on National Development or the CEDN gave thumbs up to set of amendments the senators had proposed for the bill SB […] Continue Reading