Monday, December 11, 2023

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Tabcorp and eight venues charged by Victorian regulator for allowing minor to gamble

The Victorian Gambling and Casino Control Commission (VGCCC) has charged Tabcorp along with eight venues for allegedly allowing a minor to gamble, in breach of the Gambling Regulation Act 2003. Tabcorp faces a total of 54 charges, including 27 counts of allowing a minor to gamble and failing to reasonably supervise its electronic betting terminals.

VGCCC bans bets on sports with minors

The Victorian Gambling and Casino Control Commission (VGCCC) will ban betting on all under-19 sports competitions and any betting on the performance of individual players under 18 in junior and senior sport.

Scientific Games plans to only retain minority interest in lottery business if divested

Scientific Games on Thursday said it expects to hold no more than a minority equity interest in the entity that owns SG Lottery, should the company go ahead with an IPO of its lottery business. 

Return to the land of Pharaohs in 3 Oaks Gaming’s Crystal Scarabs: Hold and Win

3 Oaks Gaming, an established distributor of iGaming content, has further bolstered its Hold and Win collection with the addition of Crystal Scarabs: Hold and Win – featuring a trio of powerful Boosters that amplify the gameplay.

UAE gambling legalization is a significant opportunity for MGM – CEO

The possible legalization of gambling in the UAE, would be a considerable opportunity, the management of MGM Resorts International stated in the group's third quarter 2023 earnings conference call.

UAE future gaming sector with significant growth potential, regulations unlikely before 2024: Lawyer

As a wealthy nation with a growing population and a reputation as a popular tourist destination, the United Arab Emirates (UAE) possesses significant growth potential in the gaming sector and major players from Asia and Las Vegas are likely to get a piece of the action. UAE-based lawyer Moses Charles Kivuna, breaks down the possible restrictions and restrictions for investors.

Call for immediate shutdown of POGOs gains further momentum, to be debated this week

Philippine Finance Secretary Benjamin Diokno has doubled down on immediately kicking out Philippine Offshore Gaming Operators (POGOs) from the country and barring their entry.

Your Daily Asia Gaming eBrief: Macau still has “extremely high” potential as a luxury destination

Macau, the world’s top-rated hotel capital, is a top luxury destination that continues to captivate visitors with its exquisite culinary experiences, prime location, and opulent hospitality offerings.

Macau premium mass average wagers not affected by seasonality: Citigroup

Citigroup reaffirms that Macau's gaming industry shows no signs of slowing down. Despite the decline in total wagers in the premium mass market, average wagers remain strong and unaffected by seasonality.

Crypto adoption is key for the growth of the iGaming industry

The crypto boom continues, with particular benefits for the iGaming sector, as it facilitates payments quickly and at low cost. But despite the benefits, FinchPay COO Ana Schultz points out that companies are still slower to adopt, investing more resources into providing fiat options than relying on blockchain solutions.