Author: Staff Writer

Ricky Sandler has been appointed to the board of Entain, effective immediately. Sandler will also join Entain’s People & Governance and Capital Allocation committees. His primary role within the former committee will be to assist Entain in identifying an additional non-executive director who is agreeable to both Eminence and Entain. Sandler, the founder of New York-based Eminence Capital in 1999, served as its CEO for over 25 years and currently holds the position of chief investment officer. His extensive experience includes co-founding Fusion Capital Management and working as a research analyst for Mark Asset Management Corporation. Expressing his excitement about…

A single complaint lodged with the Advertising Standards Authority (ASA) has led to a significant ruling concerning a Buzz Bingo advertisement that surfaced on Facebook in October 2023. The advertisement, hosted on Buzz Bingo’s official Facebook page, featured animated elements, including a full moon, pumpkin heads, a church with witch’s hat-like roofs, flying bats, a spider in a web, and a graveyard with a tombstone and cross. Accompanying this imagery was text styled to resemble slime, announcing “Monster Mondays – £50,000 must be won every Monday in October.” The complaint, however, alleged that the cartoonish Halloween visuals within the ad…

Ohio celebrates one year of legal sports betting with a staggering influx of wagers and newfound challenges. The state’s journey into the world of legal sports betting commenced on January 1, 2023, coincidentally timed with Ohio State University’s dramatic loss to the Georgia Bulldogs in the Peach Bowl. During the inaugural month of legalization, Ohioans wagered over $1 billion, generating a substantial $200 million in tax revenue for the state. Matthew Schuler, Executive Director of the Ohio Casino Control Commission, attributes this remarkable surge to the novelty, excitement, and promotional offers from sportsbooks. While the initial fervor has subsided, Ohioans…

The recent expansion of legalized sports betting in 36 states has undeniably boosted the gambling industry’s revenues. However, experts are increasingly concerned about the toll it is taking on the mental health of young men. One significant factor contributing to this concern is the ease of access to online betting, especially through sportsbooks, which often entice new customers with credits and the promise of forgiving initial betting losses. This marketing strategy has proved especially effective in capturing the attention of Generation Z. A 2023 prevalence report on gambling in New Jersey conducted by Rutgers University reveals that a third of…

The United Arab Emirates (UAE) has taken a significant step towards the potential introduction of a national lottery and “commercial gaming,” indicating a possible shift towards allowing gambling in the country. The state-run WAM news agency announced the establishment of the General Commercial Gaming Regulatory Authority, though specific details regarding its structure and operations remain limited. Kevin Mullally, former executive director of the Missouri Gaming Commission, was appointed as the CEO of the newly formed authority. In his statement, Mullally expressed his excitement about establishing a robust regulatory framework for the UAE’s lottery and gaming industry. Jim Murren was named…

Ebet and Btobet have taken legal action against Aspire Global, each in different jurisdictions, raising allegations of misrepresentation and breach of obligations. Ebet filed its lawsuit in the Eighth District Court of Clark County, Nevada, while Btobet’s case landed in the Business and Property Courts of England and Wales. The root of Ebet’s legal challenge dates back to May 2021 when the company entered into an agreement with Aspire Global to acquire specific B2C assets. These assets were supposed to include websites, domains, and intellectual property. As part of the transaction, Aspire Global established a special purpose entity named Karamba…

The Sports Wagering Regulation and Tribal Gaming Protection Act, introduced in October, could revolutionize the landscape of betting in California if it secures approval. Under this proposed ballot, Article IV, section 19 of the California constitution would be amended, granting exclusive rights to tribes for both retail and online betting. The initial version of the ballot outlined several measures, including tribes contributing 15% of their adjusted sports betting gross gaming revenue to a tribal wagering revenue sharing trust fund. Additionally, 10% of the revenue would go towards the California homelessness and mental health fund. Tribes would also need to form…

Online sports betting operators and related suppliers can now submit applications in North Carolina, signaling a significant step towards the launch of its legal sports betting market. Governor Roy Cooper signed House Bill 347 into law in June, officially legalizing sports wagering. However, the precise launch date remains uncertain as it hinges on several factors, primarily the duration of the application process. Chair of the North Carolina State Lottery Commission, Ripley Rand, explained that the Commission must thoroughly review all applications, conduct background checks, and scrutinize internal control details before determining a launch date. Each application will undergo a 60-day…

The Singapore Police Force has recently revealed developments in an ongoing investigation involving a group of foreign nationals suspected of laundering the proceeds from overseas organized criminal activities, including scams and online gambling. In a crackdown effort, law enforcement agencies have taken decisive actions to seize various assets associated with the case. To date, the police have either seized or issued disposal orders for assets that amount to a staggering value. This includes the freezing of bank accounts collectively valued at over $1.13 billion, alongside a cache of over $76 million in cash. In a dramatic turn of events, authorities…

Over the past weekend, Andrea Domingo Tengco, the head of the Philippine Amusement and Gaming Corporation (Pagcor), expressed optimism about the resurgence of the country’s gaming industry as travel and movement restrictions have been lifted. The Philippines, like many other regions, faced stringent measures during the Covid-19 pandemic, including travel bans and the temporary shutdown of land-based facilities. However, the removal of these restrictions has allowed the Philippine gambling sector to rebound. Tengco revealed that the industry is now on the brink of reaching its 2019 levels, which marked a record-breaking year for Pagcor in terms of gaming revenue. Just…