One of the biggest challenges for online gambling operators who want to serve European markets has always been simply cracking through the local bureaucracy to get a gaming license. After all, most Central European governments have held gambling monopolies that they're not eager to give up. Of course the European Union frowns on closed markets…
Life in the UK-facing gambling industry has not been easy lately. Earlier this month Parliament approved a major tax increase on operators to go with a major reduction in the maximum stakes on fixed-odds betting terminals. These two events alone are certain to have a major impact in revenue flowing into the industry. But wait,…
When lawmakers consider whether they should bring regulated sports betting into their marketplaces, the prospect of buckets of tax revenue is usually the driving force. After all, when it comes to gambling the house always wins, right? In West Virginia, where sports betting has been legal for nearly three months, that hasn't proven to be…
Anti-gambling advocates in the UK have been very busy, and very successful, over the past the couple of years. Not only have they nudged Parliament into lowering the stakes at fixed-odds betting terminals (FOBTs), they've also influenced some major changes in how gambling operators advertise. Earlier this month, the Remote Gaming Association (RGA) self-imposed severe…
Andrew Green lived out the fantasy of every person who has ever played a casino game of any kind when he won £1.7 million ($2.1 million USD) while playing a Western Frontier-themed online slot game last January. Like any newly minted millionaire, Green hit the town with friends for a wild night that cost him…
Life is not easy these days for big name UK gambling operators like William Hill and 888 Holdings. In the next six months alone they're facing both a major tax increase and severe new limits on fixed odds betting terminal (FOBTs) wagers. On top of that, top industry leaders acknowledge that operators need to self-impose…
Congressman Jim Sensenbrenner (R-Wisconsin) is not happy about the current state of regulated sports betting in the United States and is asking the Department of Justice (DOJ) to make an effort at reviving the Wire Act to stop sports betting in its tracks. Sensenbrenner's arguments, however, are skating on thin legal ice and seem to…
CG Technology was hit with a $2 million fine from the Nevada Gaming Commission (NGC) for a variety of sloppy regulatory and operational errors that have dogged the sports betting operator for years. Along the way, company officials managed to insult commissioners with a low ball counteroffer that practically laughed out of the room. CGT's…
After months of controversy, debate, and general drama, UK lawmakers are pressing forward with a stake cut on fixed-odds betting terminals (FOBT) and a major tax hike on online casinos. The new changes will be implemented in April of 2019, nearly six months earlier than was previously anticipated. Word of the new timeline was announced…
Digital lottery operators got a rare, and much-needed, boost from a University College Dublin economist Jim Power who says that their business model presents, "no meaningful threat" to national lotteries. Power presented his findings in a report titled, An Assessment of the Online Gambling Market in Ireland, which was funded by the the European Lotto…
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