News

Key Moments: Northern Cyprus approved a new law lifting restrictions on casino licensing and location in early June. The reform allows casinos to open as close as one hundred meters from schools, prompting heated public response. Annual inflation reached 35.78% in June 2025 and remained high at 35.42% in August, highlighting economic pressures. Reform Ushers in a New Era for Northern Cyprus Casinos In early June, the Assembly of the Republic passed sweeping casino reforms overnight. This move aimed to update regulations efficiently. The government approved the legislation shortly after…

Key Moments: Daegu police arrested ten suspects tied to an illicit gambling ring funneling ₩44 billion from Cambodia The operation ran from February 2022 to July 2023, amassing over 11,000 users and seizing ₩270 million in cash Authorities collaborated with Interpol and filed charges against both operators and 174 identified users Police Uncover Large-Scale Operation Tied to Cambodia The Daegu National Police Agency’s Cybercrime Investigation Team announced the arrests of ten individuals connected to a significant illegal online gambling operation that handled ₩44 billion in Cambodia-based transactions. Seven of the…

Key Moments More than 60% of African bettors have been opting for small-stake wagers on a daily basis over higher-risk bets. The 2025 GeoPoll survey covering six Sub-Saharan African nations shows that 30% of participants gamble once per week, with 15% doing so daily and 16% betting multiple times per day. 94% of gamblers in Africa use mobile phones to place their bets, reflecting mobile technology’s dominant role in betting accessibility. Micro-Betting Redefines User Habits The gaming landscape in Africa is evolving rapidly with micro-betting emerging as a significant trend.…

Key Moments: Las Vegas visitor numbers dropped by nearly 12 percent in July 2025 compared to the previous year Golden Gate Hotel & Casino has replaced live dealers with electronic table games to attract younger customers Major casinos in Nevada recorded a 24 percent decrease in net income for the 2024 fiscal year, despite slight gaming revenue growth Changing Landscape on the Casino Floor Las Vegas casinos are revamping their gaming experiences by transitioning to electronic table games (ETGs), a move aimed at offsetting a downturn in tourism and drawing…

Key Moments: Nevis introduced a new iGaming legislative framework governing various online gaming activities in spring 2025. The licensing process requires incorporation of a Nevis International Business Company, comprehensive due diligence, and demonstration of technical and financial compliance. A Nevis gaming license offers operators global flexibility, tax efficiency, and a streamlined, cost-effective application process. Overview of Nevis as a Gaming Jurisdiction The rapid expansion of the online gaming industry has increased the need for operators to select suitable licensing jurisdictions. Nevis, a part of the Federation of St. Kitts and…

Key Moments: 85 percent of survey respondents consider prediction markets a form of gambling rather than financial instruments 84 percent of Americans want sports event contracts limited to state-licensed sportsbooks State regulation is favored, with 69 percent preferring states determine local prediction market operations Public Perception Shifts Toward Regulation A growing alignment has emerged between American public opinion and the stance of gambling regulators when it comes to prediction markets. Fresh data released by the American Gaming Association (AGA) highlights that a significant portion of voters view these platforms, particularly…

Key Moments: Senator Marty Deacon has proposed Bill S-211 to prohibit all sports betting advertisements across Canada. Experts and health professionals have expressed concerns over the effect of gambling promotions on young people. The proposed legislation remains under Senate consideration and could reshape the national approach to gambling ads. Overview of Bill S-211 Senator Marty Deacon has put forward Bill S-211 in an effort to address what she describes as the harmful impact of sports betting advertising, especially on minors. The legislation would outlaw all forms of advertising related to…

Key Moments: Ontario’s iGaming sector recorded approximately CAD $3.2 billion in revenue during its third year, with over CAD $642 million in tax revenue for the province. Ontario’s regulated online gambling market has gathered more than CAD $1.4 billion in provincial tax revenue since April 2022, supported by over CAD $82 billion in wagers in its third year. Alberta’s single government-run Play Alberta platform offers limited options, prompting many residents to choose offshore gambling sites and leaving significant potential revenue unrealized. Ontario Sets the Standard for Regulated iGaming Ontario’s approach…

Key Moments: The inaugural Asia-Pacific Regulators’ Forum convened in Manila to address digital disruption in gaming. PAGCOR has introduced reforms to manage rapid electronic gaming growth and ensure consumer protection. Regional gaming authorities indicated plans for expanded collaboration, with a 2026 event already being developed. Industry Leaders Gather to Address Digital Disruption Regulators from across the Asia-Pacific region assembled at the first Asia-Pacific Regulators’ Forum, hosted by PAGCOR at Newport World Resorts in Manila. This event brought together government bodies, gaming operators, and key industry stakeholders to explore the sweeping…

Key Moments: Animo Studios has launched live animated hosts exclusively on Stake for a limited period. Animo employs advanced technology to transform human hosts into interactive, story-driven characters. The partnership began rolling out on Monday, September 8, with plans for expansion into additional formats. Launch of Animated Live Hosts Animo Studios, established by prominent livestreamer and Fortnite champion Harley Fresh, has revealed a suite of animated characters created for live online table games. This exclusive launch is available on Stake for a limited time, introducing a new form of engagement…