2301 stories by Erik Gibbs
Australia’s Casinos Shouldn’t Expect Influx of Asian Gamblers to Boost Revenue
There's a chance that Australia's casinos may eventually be able to count on Chinese gamblers, who were once heavily involved in supporing the country's gaming economy. However, if analysts with S&P Global Ratings are correct in their predictions, that won't happen soon....
Belgium Moves to Require ID Checks for Gamblers
In a move aimed at fortifying gaming regulations and intensifying efforts against underage gambling, Belgium's Federal Council of Ministers has given the green light to new restrictions on land-based gambling. The approved measures will mandate electronic ID verification for all retail, leisure,...
Cashless Gaming Not a Hit With All Gamblers, New Research Claims
Cashless gaming is found at casinos around the world, including in Las Vegas, and some regions, like New South Wales, Australia, want to make it mandatory. But new research shows that many gamblers aren't yet ready to jump on the cashless bandwagon....
Flutter to Close 21 Underperforming Paddy Power Betting Shops
Flutter is planning to shut down 21 Paddy Power betting shops. The move comes as Ireland is closer to major gambling reforms. Paddy Power plans to close 21 underperforming shops, mostly serving bettors in Dublin, Ireland's capital. The entire list includes shops...
Philippines’ Stalled Emerald Bay Casino May Have Found a New Backer
PH Resorts Group Holdings, a prominent gaming firm in the Philippines, has had a difficult journey in developing its latest property in the country. However, that may be changing, as it recently inked a nonbinding agreement with AppleOne Properties, marking a significant...
Singapore’s Gambling-Linked Money Laundering Breaks the $2B Mark
Singapore continues to grapple with a significant money-laundering scandal, with investigators uncovering evidence that suggests the illicit funds involved could now exceed $2 billion. The scandal is intricately linked to the illegal gambling industry, raising concerns about the effectiveness of financial regulatory...
Colombia’s Gambling Ecosystem is Becoming More Profitable
Gambling in Latin America continues to increase, and Colombia is reaping the rewards. Despite what some financial analysts are calling a recession in the country, Colombia's gambling ecosystem added over 15% to last year's revenue. Across the first eight months of the...
Australia to Turn Off Online Sports Betting for Unverified Users
In a significant move to enhance anti-money laundering (AML) measures in the online gambling sector, the Australian Transaction Reports and Analysis Centre (AUSTRAC) is set to implement new demands. It is going to begin requiring pre-verification for all online gamblers, and online...
Betting Platform Super Group Leaves India Following Massive Tax Hike
India's decision to tax iGaming operators an unprecedented 28% Goods and Service Tax (GST) has already claimed its first casualty, just days after taking effect. In a not-so-surprising turn of events, global sports betting operator Super Group has announced its immediate withdrawal...
Greek Lottery Operator OPAP Faces $25M Anti-Competition Fine
In a landmark decision, the Hellenic Gaming Commission (HGC) has imposed a hefty €24.5-million (US$25.4 million) fine on the Greek gambling group OPAP. It alleges violations of Greek law and abuse of its former monopoly position in the market. The HGC's ruling...
