DraftKings and White Gaming were hit with a $22,500 fine by Connecticut gaming regulators over an online slot machine game that was literally unwinnable. Regulators charged DraftKings $19,000 and White Gaming $3500 after regulators played more than 20,000 spins on a Deal or No Deal Banker’s Bonanza game without a single win. The Deal or…
Recently released court documents in the Matthew Boyer illegal bookmaking case have revealed new details about his multi-million dollar operation and the steps he took to hide that business from authorities. Boyer's bookie business served hundreds of customers, including former and professional athletes, and used casinos to launder his unregulated cash. Boyer is set to…
Are political betting markets a threat to democracy? A group of US lawmakers including Sen. Jeff Merkley (D-OR) and Sen. Elizabeth Warren (D-MA) are calling on the Commodity Futures Trading Commission (CFTC) to ban those betting markets for exactly that reason. Led by Markley, a group of Democratic lawmakers recently sent a letter to CFTC…
A group of US lawmakers, led by Rep. Dina Titus (R) Nevada, is looking to put an end to a federal betting excise tax on sports betting handle. It's a bipartisan effort to relieve operators of a .25 percent tax that all US-facing operators pay, but it might not have enough traction to pass through…
After three years of ups and downs, DraftKings is officially out of the NFT business. The sports betting operator shuttered it Reignmakers and its NFT Marketplace this week after a judge in a Massachusetts District Court judge allowed a lawsuit alleging that the compamy's NFT Marketplace was peddling unregistered securities to move forward. Plaintiff Justin…
Cambodian Prime Minister Hun Manet is banning the building of new casinos in the provinces of Kep and Kampot. It's a bold move for the government, which acknowledges the financial contribution casino tax revenue contributes to the country's economy, but is also looking to diversify Cambodia's tax base. Across Cambodia, there are currently 184 licensed…
Playgon Interactive and its affiliate Bitrate Productions have shut down all their live dealer operations after receiving a cease-and-desist order from the Nevada Gaming Control Board (NGCB). According to the NGCB, Playgon has been offering real money play to players when it should really have only been acting as a social casino. It's a major…
Philippines President Ferdinand Marcos Jr. has issued a decree banning all Philippine Offshore Gaming Operators (POGOs) from the country. All POGOs, which are unlicensed gaming operations serving Chinese players, will be out of the country by the end of the year. While POGOs illegally serve Chinese markets, they themselves were not illegal in the Philippines.…
The Jacksonville Jaguars NFL team is suing Amit Patel, 31, in an effort to claw back a portion of the $22 million he embezzled from the team while working as one of their top accountants. Patel has already admitted his role in the scheme and was sentenced in December to six years in federal prison…
Three Ohio lawmakers are recommending that their state expand its regulated gaming options to include online casino games and an ilottery option. It's a move that's aimed at stimulating tax revenues that would likely also inflame anti-gambling advocates who oppose gaming expansions of any kind. Republican Representatives Jay Edwards, Jeff LaRe and Cindy Abrams introduced…
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