(Bloomberg) — Philippine authorities arrested more than 150 foreign nationals during a raid of an illegal online gaming hub on Saturday. Agents found dozens of people engaged in illegal activities on makeshift workstations inside a resort on the central island of Cebu, the immigration bureau said in a statement. Authorities discovered “at least three scam...
Tag: industry
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How the $133B Online Gambling Market Could Redefine National Economies
According to the research conducted by Statista, the revenue in the global online gambling market is expected to achieve an astonishing USD 97.70bn by the end of the ongoing year. The predictions say that the approximate growth rate per year should exceed 6.4%, which would result in an estimated annual revenue of over USD 133bn...
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Indonesia Warns Payment Providers On Online Gambling
The Ministry of Communication and Information Technology (Kominfo) of Indonesia has issued a stern warning to 21 Payment Service Providers (PJP), cautioning them against facilitating financial transactions for online gambling or other illegal activities. This move is part of a broader effort by the Indonesian government to curb online gambling activities, which are illegal under Indonesian...
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NCLGS Makes Model For Legislation For US Online Gambling
As the US online gambling landscape evolves, the National Council of Legislators from Gaming States (NCLGS) is stepping up to provide a much-needed framework for legal online gambling. In a bold move to streamline and standardize legislation, the NCLGS is developing a model bill that aims to guide lawmakers across the country in implementing online gambling...
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Caesars Windsor cutting back hours for sports betting counter | CBC News
Caesars Windsor is cutting back hours for staff at its sportsbook, despite original assumptions that the addition of sports betting would increase the number of jobs at the casino. “After a careful review of our sports betting trends, the operating hours of Caesars Sportsbook have been adjusted to better align with guest preferences. With these...
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Bally’s Corporation Joins Responsible Gaming Association
Bally’s Corporation has announced its partnership with the Responsible Online Gaming Association (ROGA), marking a significant step towards promoting responsible gaming practices in the online gaming industry. Embracing Responsible Gaming Initiatives As a founding member of ROGA, Bally’s is poised to collaborate with leading industry players to elevate responsible gaming standards. ROGA’s mission centers around...
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Lifetime bans and careers in tatters — recent sports betting scandals show fringe players are vulnerable | CBC News
Jontay Porter appeared to be in deep. According to allegations in a recently unsealed indictment against a New York man charged with federal wire fraud in the betting scandal that led to Porter’s banishment from the NBA, the former Toronto Raptor “had amassed a significant gambling debt” and owed gamblers thousands of dollars. In an attempt to...
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16 rising stars of sports betting and gaming who are driving growth areas like responsible gaming, micro betting, and pick ’em fantasy
It’s been about five years since legal sports betting began sweeping the US following a Supreme Court ruling that paved the way for its expansion. So far, 38 states and Washington, DC, have embraced legal sports betting, generating millions of dollars in revenue and jobs for the economy. But the industry’s rapid expansion has also...
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Three Casino Representatives Joined the LCB Forum in May 2024
There’s no better way to get to know what an online casino offers than to inquire with a person who comes directly from the said casino. Realizing that, we created a special corner on our support forum a long time ago, giving players a chance to communicate with representatives directly, and have their questions answered...
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New Regulations For Gambling Consumer Protection Are Here!
The Gambling Commission has announced sweeping changes aimed at enhancing safety and empowering consumers within the gambling industry. These changes, outlined in alignment with the Government’s High Stakes: Gambling Reform for the Digital Age White Paper, encompass various aspects crucial to fostering responsible gambling practices and customer protection. Financial Vulnerability Checks and Frictionless Financial Risk Assessments One of the key...
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China Online Gambling Market Overview, Industry Growth Rate, Research Report 2024-2032
China Online Gambling Market Latest Report 2024-2032 BROOKLYN, NY, USA, May 3, 2024 /EINPresswire.com/ — IMARC Group, a leading market research company, has recently released a report titled “China Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the China online gambling...