Swedish gaming regulators are very serious about enforcing their new regulations on deposit bonuses and other promotions used by gambling operators to attract and retain customers. Last week alone they handed out nearly $1.5 million in fines to operators who ran afoul of the new rules and issued warnings to several others. Betway Ltd and…
American professional sports teams, especially in the NFL, are generally not big fans of regulated sports betting. They believe that even regulated markets can open the doors to widespread cheating, game-fixing and pure debauchery. But behind their dire predictions for chaos one can usually find a request for a piece of the action. Such was…
William Hill, like all UK-facing gambling operators, is facing a genuine crisis on its home turf. Between new restrictions on fixed-odds betting terminals (FOBT) and regulators who are increasingly at ease issuing huge fines for infractions of all types, scratching out a profit is becoming increasingly difficult. But, against those long odds, William Hill is…
Gambling can be a lot of things to a lot of different people. For some people it represents excitement. For others it represents cash and power. The one thing it cannot represent, to the UK Advertising Standards Authority (ASA) anyways, is sexual success. In short, gambling operators may not suggest that using their goods and…
Governments across Europe and Asia are beginning to implement harsh restrictions on gambling operators in an effort to curb problem gambling and prevent children from picking up the habit. These measures include everything from reduced advertising for gambling operators to reduced stakes for players. Not surprisingly, responsible gambling rules are having a big impact on…
The Blackstone Group, one of the world's highest profile private equity firms, is sinking €175 million ($196.6 million USD) into Superbet, the Romanian operator that's seen its share of profits and expansions lately. It's a deal that reflects both the Blackstone Group's increasing interest in gambling operators, as well as Superbet's phenomenal success in Eastern…
FOX Sports and The Stars Group are partnering up to produce two sports betting products aimed at the new opened US regulated sports betting market. It's a historic deal (for the US anyways) that marks the dawning of a new era of partnerships between US sports media and gambling operators. It could also set the…
Ever since regulated sports betting began its march across the state houses of US States, professional sports leagues have wanted a piece of the action in the form of so-called integrity fees. These fees, in the fever dreams of league commissioners, usually involve a .25-.50 percent cut of every wagers that would be used for…
For many decades, the existence of regulated sports betting in Las Vegas was used as a reason to prevent the city of Las Vegas from having any professional sports teams. Having a team in a town that offered gambling would simply be too enticing to organized crime, which would almost certainly use their influence to…
New Jersey Attorney General Gurbir Grewal is looking to find out whether or not the hand of Sheldon Adelson was pushing the Department of Justice (DOJ) when it recently decided to reinterpret the Wire Act of 1961. Earlier this week, Grewal filed a lawsuit in US District Court seeking to pry any documentation regarding Adelson,…
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