Brazil’s Ministry of Finance has declared that unlicensed gambling operators must cease operations in the country by October 1. Brazil has long had gambling companies work in a largely unregulated gray market, but is underway with plans to launch a federal, regulated gambling market, which is set to launch on January 1, 2025. just two…
Month: September 2024
Caretaker Jailed After Stealing Life Savings from Elderly Man to Fund Gambling Habit
Care patient defrauded A caretaker in Nottinghamshire, England, was jailed for six years after stealing £125,000 ($165,000) from an elderly man she was looking after to fund holidays and online gambling. she completely drained his life savings over a period of less than two years Anne Hill, 57, gained power of attorney over Louis Woodward,…
Playtech Stock Rises 14% After Dispute With Mexican iGaming Brand Ends
Shares in UK’s Playtech Plc, the world’s largest supplier of online gaming and sports betting software, rose 14% on the back of news that its ongoing dispute with Mexican iGaming operator Cali Interactive has been resolved. refusal to pay B2B license and service fees The detente dated back to July 2023 over Caliplay, the joint venture…
Mass Graves Found at Philippines Offshore Gambling Facility
Gruesome discovery The Department of Justice (DoJ) is investigating alleged mass graves found after a raid at Lucky South 99, a Philippines Offshore Gaming Operator (POGO). The fact that there is an existing grave site [means] it would not be a surprise if there are others.” “It is a very serious matter that we cannot…
MGM Has Capital to Execute Big Projects, Analysts Say
MGM Resorts International (NYSE: MGM) has the financial resources and access to capital needed to execute multiple new casino hotel projects over the medium term. MGM Resorts International’s rendering of Empire City in Yonkers, NY. The operator has the financial resources to execute multiple significant projects, say analysts. (Image: MGM Resorts International) That’s the take…
Flutter to Control 30% of Italian Market With €2.3bn Snaitech Purchase From Playtech
Flutter Entertainment has confirmed rumors that it intends to take over Italian gaming operator Snaitech in a deal worth €2.3bn ($2.5bn). The company believes the deal will help it develop a stronger position in Europe’s biggest regulated gambling market. transaction will also help create about €70m ($78m) in synergies Flutter already owns Sisal, so the…
UK Government Reprimands Flutter’s Sky Betting & Gaming for Sharing Customer Data With Advertisers
Unlawful data sharing The data protection arm of the UK government’s Department for Science, Innovation and Technology has “reprimanded” Flutter-owned Sky Betting & Gaming for unlawfully sharing subscribers’ details with advertising firms. complaint by pressure group According to The Guardian on Tuesday, the telling off by the Information Commissioner’s Office (ICO) came after the regulator…
Cambodian Union Leader Imprisoned for Casino Strike Vows to Fight on After Release
Union leader defiant A union leader who was imprisoned for striking against the biggest casino in Cambodia has said she will continue fighting after her release. Chhim Sithar was sentenced to two years’ imprisonment in May 2023 for incitement to commit a felony, relating to her part in the casino workers’ strike against Nagaworld in…
Atlantic City Casinos Heat Up in August as Gaming Win Climbs Nearly Five Percent
Atlantic City casinos needed a little bit of luck to cap off the unofficial end to summer, and August delivered for the gaming properties down the shore. The Atlantic City casino skyline is seen from the Atlantic City Expressway. Atlantic City casinos enjoyed a strong August after a disappointing June and July. (Image: Shutterstock) The…
Boston to Study Encore Boston Harbor’s Impact on Nearby Youth
The City of Boston is seeking a research partner to conduct an institutional review of how a commercial casino in Everett is impacting youth. An Encore Boston Harbor shuttle picks up patrons downtown to be transported to the casino located in Everett. Boston city officials are commissioning a study to learn if the casino is…