Friday, October 19, 2018

Time to move the regulatory goalposts

There is no question that the global sports betting market is massive and growing fast. According to figures from respected statistics company, Statista, the global gross gaming yield now stands at about $400 billion, with the majority of that generated in Asia.

Australia gambling expenditure dips 0.5 percent

Australia’s total gambling expenditure fell 0.5 percent in the 2016/2017 year, with casino table games posting a 7.8 percent drop in the same period, according to the latest figures from the Queensland Government Statistician's Office.

Vietnam takes steps to open sports betting, but challenges remain

Vietnam has embarked on major reforms toward opening the country to sports betting, with major Asian-based foreign investors joining the queue to capture part...

Will Asia join the U.S. sports betting gold rush?

*By John English Four months after the U.S. Supreme Court repealed a federal law limiting sports betting to just four states, there has been a...

Vietnam to cut red tape for businesses

Vietnam’s Ministry of Finance is proposing major cuts to business bureaucracy for a broad section of industries, including lottery, casinos and betting companies, local...

Vietnam to cut red tape for businesses

Vietnam’s Ministry of Finance is proposing major cuts to business bureaucracy for a broad section of industries, including lottery, casinos and betting companies, local media reports.

M88 teams with Leicester City football club

Asian online gaming site M88 has been named as the official gaming partner of U.K. football club, Leicester City.

Stars Group Q2 revenue gains 34.8 percent, helped by Australia

Canada-based Stars Group, owner of the PokerStars brand, reported a 34.8 percent jump in Q2 revenue, helped by recent acquisitions in Australia.

Online companies eye India potential

India’s online gaming sector has seen a spate of acquisitions in recent months as operators position themselves for strong projected growth, despite the ongoing...

Paddy Power Betfair profits up 4 pct in 18H1

Online wagering operator Paddy Power Betfair saw a 4 percent increase in profits in 18H1, reaching GBP 106 million (US$136.5 million), according to an...

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Russia authorities arrest 100 in gambling ring bust

Russian law-enforcement have busted one of the largest criminal communities organizing illegal gambling in Moscow, with monthly turnover reaching up into the hundreds of...

Big Fish announces staff cuts, refocused strategy

Big Fish Games, Aristocrat’s social gaming arm, said it is cutting around 15 percent of its workforce as part of its realignment strategy, according...

Live Craps table

Electronic table game (ETG) industry leader, Interblock, will present its comprehensive portfolio of automated, video and dealer assist product lines at the 2018 Global...

Singapore casino operators paid less in fines in 2017/18

Singapore’s casino operators paid 57.7 percent less in fines to the Casino Regulatory Authority in the 2017/18 financial year compared to the prior year...

Grand Lisboa Palace inks agreement with duty-free giant

Duty-free retail operator China Duty-Free Group (CDFG) has entered into a Memorandum of Understanding to open a flagship store at Grand Lisboa Palace, local...