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New Zealand Debuts Online Gambling Regulations

Lawmakers in New Zealand have introduced a bill that would require online gambling operators to pay a point of consumption tax based on their transactions with Kiwi gamblers. The legislation is the culmination of several years worth of studies and promises to increase tax revenues derived from the online gambling industry. New Zealand Racing Minister…

UK Ad Regulators Ban StarWins Ad for 'Objectifying Women'

The UK Advertising Standards Authority (ASA) is banning a StarWins.com ad for "objectifying women" and generally embracing a sexist attitude. It's another example of how gambling operators work under the glare of incredible regulatory scrutiny.  It's an atmosphere where even a single complaint to the ASA can completely derail massive marketing and advertising campaigns. At…

It’s Official: No More Gambling Ads During Live Australian Sports Broadcasts

After months of debate, the Australian Government has officially banned gambling ads during live sports broadcasts that air before 8:30 p.m. It's all part of a broadcast reform package that's extremely kind to broadcasters and pretty darn cruel to bookmakers. News of the ban came on Saturday morning and will likely have a major impact…

Aussie Regulators Chide Nine Network for Running Gambling Ads During ‘Kids’ Show’

Crownbet, an Australian was chided recently by Australian TV watchdogs for allegedly running gambling ads during a children's show. In the process, Crownbet became the first operator to be challenged under the country's new Commercial TV Industry Code of Practice 2015. According to reports from Australian media, Australia's Nine Network ran six ads for Crownbet during…

Bitcoin Report: Hedge Funds Snapping Up Mt. Gox Customer Claims

International hedge fund operators are snapping up claims from former customers of the now defunct bitcoin exchange, Mt. Gox. The story was broken by reporters at the Financial Times (subscription required) who relied on their own sources at unnamed international hedge funds. The current offer being floated is 15 percent of the claims value in…

Duterte Calls for Shutting Down 'All Online Gambling'

Philippines President Rodrigo Duterte has announced his intention to shut down his country's entire online gambling industry. It's an unprecedented move that would cost the Philippines hundreds of millions of dollars in lost tax revenue. Duterte made his unexpected announcement while giving an unrelated speech at the ceremonial signing of his country's 2017 budget. "I…