News

Key Moments: The Mexican government is developing a revised legal framework for casinos and online gambling platforms The upcoming reform aims to combat money laundering and increase transparency in digital betting Federal agencies are collaborating on regulatory updates to address financial crime risks in the industry Plans for Comprehensive Legal Reform The administration of President Claudia Sheinbaum is crafting a sweeping overhaul of Mexico’s gambling regulations, targeting both traditional casinos and digital betting platforms. This initiative comes in response to the explosive growth of online wagering and the outdated nature…

Key Moments: DigiPlus Interactive Corp has agreed to acquire HK$1.6 billion in notes for a controlling 53.89 percent interest in International Entertainment Corp (IEC) Plans for New Coast Hotel Manila include at least 800 5-star rooms and 250,000 square meters of gross floor area as part of its integrated resort transformation Subscription proceeds are allocated for working capital, debt repayment, and significant property upgrades Strategic Acquisition and Control DigiPlus Interactive Corp is making a bold move to extend its presence beyond the online gaming arena by investing substantially in International…

Key Moments: India’s real-money gaming sector has written off more than Rs 70 billion ($840 million) and lost over 7,000 jobs amid regulatory uncertainty Estimated revenue losses have topped Rs100 billion ($1.2 billion), with a government tax shortfall of Rs56 billion ($670 million) Industry leaders and companies, including Flutter Entertainment (LSE: FLTR), have reported significant write-downs and operational halts following the imposition of a 40 percent GST Mounting Financial Losses Across the Industry India’s real-money gaming industry is grappling with unprecedented financial and operational challenges caused by regulatory uncertainty. Over…

Key Moments: Football leads the betting market in Brazil, with men’s football commanding 76% preference Digital-driven categories such as poker (17%) and eSports (12%) are gaining traction among bettors Motorsports sits at 9%, remaining outside the top tier despite strong fan engagement Comprehensive Survey Highlights Dominant Trends A recent collaborative study by Grupo Globo and Offerwise offers an in-depth look at Brazilian attitudes toward sports betting platforms. Drawing on responses from 1,000 individuals aged 18 and older, including both bettors and those who have never placed a bet, the findings…

Key Moments: A Manhattan Supreme Court judge has issued a temporary restraining order against Steve Cohen’s $8 billion casino resort project in Queens. The decision blocks the City of New York from moving forward with the redevelopment agreement. The order specifically applies to the 50-acre parking lot near Citi Field. The legal action follows the USTA’s claim that the city’s approval would violate its decades-long lease for the parking area. Consequently, the USTA argues that the agreement cannot legally proceed. Project Put on Hold by Court Order Judicial intervention has…

Key Moments: Svenska Spel and ATG have advocated for a full ban on online gambling bonuses in Sweden. BOS has voiced concerns that prohibiting bonuses could favor monopolies and boost unlicensed gambling. Sweden is concurrently updating its Gambling Act to target illegal operators and enhance enforcement. Calls for Comprehensive Bonus Ban In Sweden, discussions have intensified over whether to prohibit bonuses within the online gambling sector. Moreover, the debate has gained momentum in recent months. Svenska Spel and ATG, two operators with state affiliations, publicly backed a total ban on…

Key Moments: GambleAware has launched new resources to assist practitioners working with neurodivergent people affected by gambling harms. Research highlights elevated harm for autistic individuals and those with ADHD, despite similar or lower gambling frequency in some age groups. The available evidence reveals a lack of adapted treatment options for neurodivergent gamblers within UK support systems. Specialist Tools Developed for Improved Support GambleAware, a UK-based charity, has introduced a range of specialist resources. These tools aim to equip therapists and frontline professionals with new methods to better support neurodivergent individuals…

Key Moments: For many users in the US and globally, fast withdrawals have determined trust in online casino platforms Research on iGaming projects has shown that 78% of users who received payouts within 24 hours replenished their accounts within a week Cryptocurrencies and e-wallets have offered processing times ranging from 15 minutes to 24 hours, surpassing traditional payment methods The Crucial Role of Fast Withdrawals While aspects such as game variety, promotional offers, and website usability all matter to players, payout speed remains a top priority. For millions of users…

Key Moments: Peru’s gambling regulator has initiated a 15-day public consultation on extending anti-money laundering (AML) rules to casinos and slot halls The draft regulation seeks to harmonize AML standards across both physical and online gambling operations If adopted, land-based operators would face new compliance, reporting, and internal control obligations Regulator Proposes Single Standard for Entire Gambling Market Peru’s authorities have launched a short public review for a draft regulation aimed at expanding AML compliance to all casinos and slot-machine venues. The national regulator, through the Superintendency of Banking, Insurance,…

Key Moments: Astralis Capital Management named Adam Kaplan as General Partner to enhance its leadership Kaplan’s prior roles included executive positions at FanDuel Group, SportsGrid, and numberFire PrizePicks, an Astralis and Kaplan Ventures investment, announced a $2.5 billion acquisition by Allwyn International, with a potential increase to $4.15 billion upon achieving certain milestones Leadership Moves to Support Expansion Astralis Capital Management, a venture capital firm focused on digital transformation within global sports and gaming, has confirmed Adam Kaplan will join as General Partner. This appointment is intended to bolster the…