The operators of Wynn Resorts Ltd. are learning the hard way that details matter, especially when they are related to anti-money laundering compliance. Late last week the Nevada Gaming Control Board (NGCB) hit Wynn with a $5.5 million fine for a series of unlicensed cash transfers made as part of an effort to lure high…
One of the fundamental rules that all gaming operators live by is a steady support of responsible gaming initiatives and research. That's why, last week, the Caesars Foundation donated $200,000 to the International Center for Responsible Gaming (ICRG) to support research and education programs aimed at reducing gambling-related harm and enhancing responsible play initiatives across…
A panel discussion at the recent SBC Summit Americas turned into a in-depth discussion on whether or not prediction markets are actually legal. The panel, moderated by Christopher Gerlacher of PredictionNews plummed the depths of what meets the definition of a legal wagering site, but ultimately came to no firm conclusions except that it’s good…
Are predictions markets an existential threat to tribal gaming? That's the conclusion three prominent tribal gaming lawyers came to during a recent session of the Indian Gaming Association's (IGA) New Normal webinar series late last week. Panelists on the webinar included prominent attorneys Joseph Webster, Bryan Newland and Scott Crowell, all of whom were deeply…
Is there an upside to black market gambling? While most high-level gaming industry executives would answer that question in the negative, Canadian Gaming Association (CGA) president and CEO Paul Burns has a slightly different take. During a recent interview with GGB Magazine, pointed out that the presence of black market gaming sites actually prevented the…
One of the best ways for a company, in any business, to stay competitive and relevant is by expanding into new markets. That's exactly the dynamic at play with White Hat Studios' new deal with technology supplier Gaming Arts. It's a deal that will see the long-time internet casino move its products into the land-based…
The worldwide gaming industry puts a lot of faith in resources, such as self-exclusion lists, that prevent and mitigate the damage caused by problem gambling. But while gaming operators tout these products as genuine solutions, is that the way the players meant to use them actually feel? That may not be the case, according to…
Sweepstakes casino operators who want to dip into Play'n GO's portfolio of online casino games had better start looking elsewhere for products to fill their unlicensed sites. That's because last week, Play’n GO CEO and Co-Founder Johan Törnqvist joined a rising chorus of voices coming out against sweepstakes sites. In a press release posted on…
If you can't beat 'em, join 'em. That appears to be the approach executives at FanDuel's corporate parent, Flutter, are taking towards the emerging threat of predictions markets. In a recent call with investors, Flutter CEO Peter Jackson said the company is exploring the possibility of competing with predictions market operators by entering the predictions…
Is the Texas Lottery an arm of organized crime that should be abolished entirely? That's the allegation Texas State Senator Bob Hall made at a meeting of the Senate Committee on State Affairs earlier this week. Hall backed up his proposal with the introduction of SB 1988, which would shut down the Texas Lottery Commission…
News in the iGaming and Sports Betting affiliate world moves fast.
Don't miss a beat! Subscribe to the CAP newsletter now.
