Spain’s Ministry of Social Rights, Consumer Affairs, and Agenda 2030 has imposed fines totaling over EUR 33 million (approximately $38 million) on 32 gambling operators. This also includes very serious penalties against six foreign companies that were operating without a license in the country. Spain’s Ministry of Social Rights, Consumer Affairs, and Agenda 2030 EUR…
Rivers Casino Pittsburgh has been valued at nearly $1 billion amid a recapitalization of the land-based casino and hotel situated along the Ohio River by Chicago-based Rush Street Gaming. Rivers Casino Pittsburgh nearly $1 billion Chicago-based Rush Street Gaming Rivers Casino Pittsburgh Revalued at almost $1B The deal results in Rivers Enterprise Borrower, LLC (an…
A premature release from the UK’s Office for Budget Responsibility sent shockwaves through the UK gambling markets when documents showed that the government is preparing to impose a far harsher tax regime than anticipated. The leak revealed a remote gaming duty increase to 40%, higher than the 30–35% that most operators expected. premature release UK’s…
Mega Millions has had another rather uneventful drawing as the jackpot went unclaimed once again. While no one won the jackpot or one of the game’s second-tier prizes, a few players secured five-figure sums. Mega Millions The Latest Drawing Elected No Big Winners The Tuesday Mega Millions drawing has gone without a winner after no…
Gaming giant Allwyn International has published its unaudited financial report for the third quarter of the year, reporting stable financials. Officials highlighted the company’s significant strategic progress and expressed optimism about its future. Allwyn International Allwyn’s Growth Was Offset by High Costs and Customer-Friendly Results In its Q3 report, Allwyn reported good top-line growth momentum….
Robinhood has unveiled a new partnership with Susquehanna International Group that will expand the two companies’ presence in the prediction markets space. The tie-up comes amid rapidly increasing demand for event contracts and other betting alternatives. Robinhood Susquehanna International Group Robinhood Expands Its Prediction Markets Presence According to the official announcement, Robinhood and Susquehanna will…
A year after Brazil initiated a new era of regulated betting, lawmakers are considering tax hikes, mirroring similar talks across many regulated markets. In the light of these discussions, the Brazilian Institute of Responsible Gaming (IBJR) warned that a huge tax hike could deal a huge blow to the legal gaming sector. Brazil Brazilian Institute…
The UK Gambling Commission (UKGC) announced that it has reinstated the license of Victoria Gate Casino. The property’s authorization to offer gaming was suspended due to certain anti-money laundering (AML) and counter-terrorist financing (CTF) concerns. UK Gambling Commission Victoria Gate Casino The License Was Suspended Due to Regulatory Shortcomings A few weeks ago, the UKGC…
Polymarket is preparing to take off in the United States after a prolonged absence that may end soon enough, perhaps imminently. The company received a go-ahead from the Commodity and Futures Trading Commission (CFTC) on Tuesday and is expected to announce plans for its return before long. Polymarket Commodity and Futures Trading Commission The licensing…
The UK gambling industry pulled in an extra £1 billion ($1.31 billion) from punters over the past year, according to new figures from the Gambling Commission, a rise that is expected to fuel calls for higher betting taxes in Wednesday’s budget. UK gambling industry £1 billion $1.31 billion calls for The data shows that betting…
