After PayPal stopped accepting online casino payments in Germany, gambling operator LeoVegas is expecting a 20% to 30% dip in its local revenue. German authorities order the action German authorities ordered the digital wallet platform PayPal to stop providing services to some industries, including gambling. In August, PayPal confirmed that it would follow the orders … Read morePayPal’s Crackdown Hurts LeoVegas’ Germany Revenue
The Illinois Gaming Board announced recently that it would start accepting licensing applications from sports betting operators in December. The board decided it after a meeting on Thursday. A good step towards legalization Opening licensing applications in the state is the first big step towards sports betting legalization in Illinois. To date, 19 US states … Read moreSports Betting Companies Can Apply for an Illinois License in December
According to data provided by GoldenCasinoNews.com, Iowa state’s online sports betting revenue increased by over 500% in three months after launching in August this year. This is a clear sign that the industry has space to grow and expand if clear regulations are set in place. Iowa Online Sports Betting Revenue Surges Our research, which … Read moreIowa Online Sports Betting Revenue Increased 500% Since August
Prominent gambling operator Betway has planned to become a member of the Swedish online gaming trade association Branschföreningen för Onlinespel (BOS). The company holds an online casino and sports betting license in the country. It started operating in the Swedish market this year. What motivated the move? Despite being a new entrant in the Swedish … Read moreBetway Will Join Online Gambling Body in Sweden
Junior minister for financial services of Malta, Silvio Schembri recently downplayed the concerns of UKGC CEO over compliance issues related to local companies. Are UKGC concerns valid? Neil McArthur, CEO of the UK Gambling Commission (UKGC) recently spoke about local companies violating laws. He suggested at the ARQ Conference in Malta that companies may not … Read moreJunior Maltese Minister Isn’t Buying UKGC CEO’S Compliance Problems
The Illinois Gaming Board decided to prohibit video gambling operators from company sales. The operators can only sell their firms after approval from the state. The regulator suggested that it was an emergency step to curtail businesses from making a sale before they face punitive actions. What happened in Illinois? Tribune published a story in … Read moreIllinois Video Gambling Owners Need State’s Approval to Sell Their Firms
Voters in Colorado have voted in favor of legalizing sports betting in the state, making it the 19th state in the US to regulate sports betting in the country. Though Proposition DD passed with a razor-thin margin, Colorado residents should be able to participate in their own statewide sports wager markets by the first half … Read moreColorado Voters Vote In Favor of Legalized Sports Betting in the State
According to the GoldenCasinoNews.com, the Top 10 eSports tournament prize pool reached the amount of $177 million as of November 2019. With a total prize pool of $34.33 million, The International 2019 ranked first on this leading eSports tournaments list. The International Tournament Takes First Five Places The International 2019 took place in Shanghai in … Read moreTop 10 eSports Prize Pools Reach $177 Million in November
A new law could make offshore gaming operators in the Philippines pay a 5% additional tax on their gross gaming revenue. The move is being taken to counter China’s increasing dissatisfaction with Philippine firms targeting their citizens. New tax to be debated soon Philippine Offshore Gambling Operators (POGOs) have recently faced intense pressure from the … Read moreOffshore Gaming Operators Will Pay 5% Additional Tax in the Philippines
The Nevada Gaming Control Board accepted new amendments to decide which activities will give rise to disciplinary actions. The board’s measures are being seen as a response to sexual misconduct and harassment issues in the industry. It happened in 2018 About 2 years ago, former casino bigwig Steve Wynn faced sexual misconduct allegations that rattled … Read moreNevada Gaming Control Board Addresses Harassment at Workplace