News
CMA Says Spreadex Must Sell Sporting Index to Restore Competition
The UK’s Competition and Markets Authority (CMA) has ruled that Spreadex’s 2023 acquisition of Sporting Index’s consumer business eliminated the only rival in the country’s licensed online sports spread-betting market. Following a renewed review, the watchdog concluded that the deal “substantially lessens competition” and that divestment is the only effective fix. Spreadex, which maintains the target was a failing firm and the decision “entirely […]
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India’s Online Gambling Ban Pushes Players Toward Offshore Sites
India’s decision to outlaw online gambling has upended a multibillion-dollar industry, sent shockwaves through the sporting world, and left millions of players seeking alternatives abroad. While the law aims to curb addiction and financial harm, critics argue it will instead drive gambling further into the shadows of unregulated overseas markets. Last month, parliament enacted the […]
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Lab of Madness It’s a Wild: A Shocking Slot Adventure from Play’n GO
Play’n GO has unveiled its latest thrilling release, Lab of Madness It’s a Wild, a slot game inspired by gothic horror and twisted scientific experiments. Set in a shadowy laboratory reminiscent of the classic Frankenstein story, this game takes players on a wild journey through an eccentric and chaotic space where a mad doctor, equal parts genius and […]
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Sri Lanka Increases Gaming Levy and Casino Entry Fees in 2025
Sri Lanka has introduced significant modifications to its betting and gaming regulations, marking a pivotal moment in the country’s fiscal and regulatory landscape. The Cabinet has approved the 2025 budget proposal that includes raising the betting and gaming levy from 15% to 18%, alongside a doubling of the casino entry fee for Sri Lankan citizens, which will increase from $50 to […]
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Lottomart Operator Hit with £360K Gambling Commission Penalty
Maple International Ventures Limited, the operator of the online gambling site Lottomart.com, has agreed to pay £360,000 after a UK Gambling Commission investigation revealed multiple breaches of anti-money laundering (AML) and social responsibility rules. The settlement directs all funds to socially responsible causes, as part of the regulator’s enforcement measures. Failings Identified in Compliance Assessment The action […]
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Hong Kong Stock Exchange Finds Andrew Lo Unfit After Tigre de Cristal Sale Controversy
The Hong Kong Stock Exchange (HKEX) has officially ruled that Andrew Lo Kai Bong, the chairman and majority shareholder of LET Group Holdings and Summit Ascent Holdings, is unfit to serve as a director or hold senior management positions within the companies or their subsidiaries. This decision follows Lo’s controversial attempts to sell the Tigre de Cristal casino in Russia, which triggered regulatory […]
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SIGA Fined $1.2 Million by FINTRAC for Violations of Anti-Money Laundering Regulations
The Saskatchewan Indian Gaming Authority (SIGA) has been penalized with a significant fine of $1.175 million after a compliance examination by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The penalty was imposed on August 28, 2025, and pertains to SIGA’s failure to adhere to specific provisions of Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Details of […]
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Macau Gaming Tax Revenue Hits MOP$8.5 Billion in August, Sets Post-Pandemic Record
Macau’s gaming sector delivered another milestone in August, with government tax revenue from casinos reaching nearly MOP$8.5 billion (US$1.06 billion). The figure represents the highest monthly tally since the COVID-19 crisis and follows strong casino activity in July, when gross gaming revenue (GGR) climbed to MOP$22.1 billion (US$2.73 billion). The city’s Financial Services Bureau, cited […]
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Americans Call for Gambling Oversight of Sports Event Contracts
The American Gaming Association (AGA) has published new research indicating strong public sentiment that sports event contracts should not be treated as financial tools, but rather as gambling products requiring regulation. These contracts, commonly offered on prediction market platforms, allow users to stake money on outcomes of future events, such as the results of a sports game. The survey, […]
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BetMGM Partners with “The Price is Right” for Groundbreaking Custom Game
BetMGM has partnered with Fremantle, a global leader in content creation, to introduce a fresh twist to the beloved TV game show The Price is Right. This collaboration marks the debut of The Lion’s Share, a custom-branded pricing game, set to premiere on CBS during the show’s 54th season on September 22. This historic game will offer contestants the […]
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