PokerStars will leave the Australian market in September after the Senate passed a bill earlier this month that bans all remote operators from offering online poker and in-play sports betting to Australian clients.

Toronto-based private equity company Clairvest has posted a net loss for fiscal Q1 of C$11.6 million ($9.1 million), or $0.76 a share, after accounting for potential losses in an investment in Indian online rummy company, Ace2Three.

The members of an online gambling gang were reportedly rounded up and returned to China from Fiji after Beijing sent a team to the island to investigate, according to media reports.

The High Court of Punjab and Haryana has ruled that online fantasy games require skill and therefore can’t be considered gambling, which is illegal.

Australian wagering giant, Tabcorp swung to a loss of A$20.8 million ($16.5 million) in the year ending June 30, hurt by the costs of its merger with rival Tatts and legal costs.

Okinawa Governor Takeshi Onaga has made clear that he firmly opposes the establishment of an IR within his island prefecture, but that doesn’t seem to be stopping powerful economic and political forces from seeking to overturn that verdict and to bring a casino to Okinawa nonetheless.

Leisure and Resorts World Corp. (LRWC) has seen a near 50 percent drop in online gaming companies licensed under FCLRC since the introduction of Pagcor’s new online regulations.

GoWild has been awarded a Remote Gambling Operating License by the UK Gambling Commission.

A massive police crackdown on illegal gambling in Penang has pushed illegal gambling operators into the outskirts of town, and online, according to Penang police chief Commissioner Datuk Chuah Ghee Lye.

Australia’s booming sports betting market is still seen as being attractive to foreign investors despite the merger of local incumbents Tatts and Tabcorp, which are now expected to dominate the market.

 

Australia’s booming sports betting market is still seen as being attractive to foreign investors despite the merger of local incumbents Tatts and Tabcorp, which are now expected to dominate the market. Opponents to the merger say the combination will reduce competition in the fastest growing area of the market - online and telephone betting. It also comes hot on the heels of new online gambling legislation, which far from bringing Australia in line with international standards, imposed a more restrictive regime.

 

 



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