Revolut to Suspend the Use of Credit Cards for Online Gambling Payments

Revolut to Suspend the Use of Credit Cards for Online Gambling Payments

Revolut is set to suspend credit card payments to online gambling platforms in Ireland. The decision of the British financial technology company that specialises in banking services has come after an investigation of the Irish Independent found that some gambling operators are circumventing the gambling credit card ban by allowing such payments to be processed through contactless mobile applications such as Revolut, Google Pay and Apple Pay. As Casino Guardian reported earlier, the use of credit cards for gambling transactions is not allowed on the territory of Ireland under gambling…

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Online Gambling Operators Allow Credit Card Payments Despite Industry Ban, New Data Shows

Online Gambling Operators Allow Credit Card Payments Despite Industry Ban, New Data Shows

A recent investigation of the Irish Independent has shown that the largest online gambling operators in the country still allow the use of credit cards for gambling transactions through their mobile applications, although this is forbidden under industry rules. The Irish Independent revealed that Paddy Power and BoyleSports have been among the operators who seem to have found a way to circumvent the restrictions. Apart from these violations, BoyleSports was also found to allow customers to place bets and make withdrawals without asking either for account verification or photo ID.…

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Potential Blackstone Acquisition of Crown Resorts Could Face Serious Regulatory Hurdles

Potential Blackstone Acquisition of Crown Resorts Could Face Serious Regulatory Hurdles

The major suitor for Crown Resorts’ assets may have to deal with heavy new regulations imposed on the Melbourne property of the Australian gambling giant in case the Victorian government decides to act on findings from its unfavourable report of the local Royal Commission into the group. The US-based private equity firm is currently finalising due diligence on its proposed AU$8.9-billion acquisition of Crown Resorts. As Casino Guardian reported about a week ago, the board of the Australian casino group noted that it is likely to support a sale in…

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Tim Costello Scolds the AFL for Compromising and Corrupting the Sport Through Crypto.com Partnership Deal

Tim Costello Scolds the AFL for Compromising and Corrupting the Sport Through Crypto.com Partnership Deal

The long-time anti-gambling advocate from Alliance for Gambling Reform Tim Costello criticised the Australian Football League (AFL) for “corrupting the sport” through its deal with a company that trades with cryptocurrency. Mr Costello further shared that the League has what he described as “utterly immoral form” and is compromising the sport with agreements such as its sponsorship deal with Crypto.com. The controversial sponsorship deal is worth AU$25 million. On January 18th, the AFL officially announced a landmark 5-year deal with the cryptocurrency company Crypto.com, which has been unveiled as a…

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New Study Shows That Betting Limits Could Help Aussies Better Control Their Online Gambling

New Study Shows That Betting Limits Could Help Aussies Better Control Their Online Gambling

Researchers of CQUniversity in Australia have found that bet limits could be helpful to keep local online gamblers out of danger but, unfortunately, most Australian gamblers do not use the money-saving tool. Recently, experts from the Experimental Gambling Research Laboratory (EGRL) at CQUniversity held a new study funded by Gambling Research Australia (GRA). They found that local consumers are not always encouraged to use the betting limit option that is available to them as part of the mechanisms aimed at limiting their losses. The new study further suggests that the…

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Campaigners Call for Regulation of Cryptocurrency Trading after Pointing Out Similarities with Gambling Services

Campaigners Call for Regulation of Cryptocurrency Trading after Pointing Out Similarities with Gambling Services

Recently, fears that crypto assets advertising and unregulated trading are actually creating a new generation of problem gamblers in the UK have been rising due to the increasing interest in the new market services. For a few years now, campaigners and customers have warned that trading is gambling and called for the authorities to take stricter measures to protect local people from high-risk trading that could potentially develop into addiction. They claim that poor knowledge and misunderstanding of the service pretty much resembles the behaviour of some gambling addicts who…

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AUSTRAC Broadens Ongoing Investigation into Star Entertainment over Alleged Money Laundering and Terrorist Financing Violations

AUSTRAC Broadens Ongoing Investigation into Star Entertainment over Alleged Money Laundering and Terrorist Financing Violations

Earlier today, the financial crime regulatory body of Australia revealed that it had decided to broaden its ongoing probe into Star Entertainment Group over possible violations of anti-money laundering and counter-terrorism financing legislation at its casino venues. As Casino Guardian reported, a probe into Star Entertainment’s casino in Sydney was rolled out by the Australian Transaction Reports and Analysis Centre (AUSTRAC) in 2021. The investigation was launched over some concerns regarding the casino operator’s current customer due diligence and law compliance practices. At a later point, a local media hub…

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Crown Resorts’ Board Likely to Back Sweetened AU$8.9-Billion Takeover Bid of Blackstone

Crown Resorts’ Board Likely to Back Sweetened AU$8.9-Billion Takeover Bid of Blackstone

Blackstone Inc got one step closer to being successful in its pursuit of the Australian gambling giant Crown Resorts. The US private equity firm, which already holds a 9.9% stake in Crown Resorts once again boosted its takeover offer for the gambling company to AU$13.10 per share, with the overall offer estimated at AU$8.9 billion. Its previous offer, which was made in November 2021, has valued the troubled Australian gambling operator at AU$12.50 a share. Earlier today, Crown Resorts announced that its board is now likely to vote in favour…

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Flutter Entertainment Announces Completion of Online Bingo Operator Tombola for £402 Million

Flutter Entertainment Announces Completion of Online Bingo Operator Tombola for £402 Million

Flutter Entertainment has kept its merger and acquisition strategy in 2022 with a couple of new deals. Yesterday, one of the biggest British gambling companies revealed it completed the acquisition of UK online bingo operator Tombola, with staff mainly located in Gibraltar and Sunderland. The company is primarily focused on the provision of low-staking bingo options, with its own data reporting for an engagement of approximately 400,000 users every month. Tombola became the first UK-focused gambling operator that rolled out both mandatory deposit limits and maximum stakes. Financial reports have…

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MPs and Campaigners Urge the UK National Lottery to Contribute More Money after Its Donations to Good Causes Decline

MPs and Campaigners Urge the UK National Lottery to Contribute More Money after Its Donations to Good Causes Decline

A recent report reveals that a group of campaigners and Members of Parliament are urging the UK’s National Lottery to contribute more money to good causes. They have cited a decline in contributions made by Camelot UK to good causes since 2010. Lately, the lottery operator has also been subject to fierce criticism because of its instant win games that are available to customers via mobile devices. The Observer revealed that the complaints are linked to revelations that the aforementioned instant win games of Camelot UK were donating smaller amounts…

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