News

Key Moments: Media reports indicate gambling companies in the United Kingdom may be spending up to $3.27 billion on advertising Industry representatives counter that real advertising spending is closer to $1.31 billion Political leaders highlight a perceived imbalance between advertising outlays and industry tax contributions Conflicting Estimates Fuel Sector Debate Attention has turned to the scale of advertising spending among UK betting operators, following media reports that these companies devoted as much as $2.62 billion to advertising. According to The Guardian, the actual total could be even higher, reaching an…

Key Moments: The NCAA has maintained its prohibition on professional sports betting for student-athletes, team staff, and athletic department employees. Roughly two-thirds of Division I schools voted to overturn a prior rule change that would have allowed legal pro sports betting participation. An NCAA survey found that 67% of college students engaged in sports betting on campus over the past year. Policy Remains in Force The NCAA has decided to keep its restriction on student-athletes, team personnel, and athletics staff betting on professional sports, reversing an earlier move to permit…

Key Moments: UK Gambling Commission suspended Deadheat Racing’s remote and non-remote betting licenses due to suspected social responsibility and anti-money laundering failures The company, licensed since January 2015, is now undergoing a comprehensive suitability review Recent enforcement actions include sizable fines for Videoslots and NetBet, and a licence suspension for Spribe OÜ Regulator Takes Swift Action The UK Gambling Commission has suspended the remote and non-remote betting licenses of Deadheat Racing with immediate effect. This development follows findings that raised concerns about the company’s compliance with licensing standards, particularly regarding…

Key Moments: Catherine, the Princess of Wales, has called for increased honesty and compassion around addiction during the UK’s Addiction Awareness Week. A recent Ipsos poll conducted for the Forward Trust surveyed 2,124 people, revealing that more than half have personal or close experience with addiction. The Royal Foundation Centre for Early Childhood has allocated £100,000 to a new research project on the effects of digital interruptions in parent-child relationships. Royal Advocacy Spotlights Addiction In the wake of recent industry discussions on the impact of gambling harm, Catherine, the Princess…

Key Moments: AUSTRAC has advised reporting entities to review and update risk settings following the latest updates from FATF. The FATF Call for Action continues to single out the Democratic People’s Republic of Korea, Iran, and Myanmar for significant compliance gaps. Australian entities must enhance due diligence on transactions involving high-risk and increased-monitoring jurisdictions. FATF’s Evolving Risk Landscape and Impact on Australia Australia has been reminded of the rapidly changing nature of financial crime risks, as AUSTRAC has called on reporting entities nationwide to reassess their existing controls. This alert…

Key Moments: Groove Technologies has entered into a distribution agreement with InOut Games, bringing the studio’s content to its global operator network. InOut Games is launching Chicken Royal, its first slot game, broadening its portfolio beyond crash mechanics. Groove’s platform now includes titles from more than 150 leading providers, available to operators via a unified API. Strategic Partnership Expands Game Selection Groove Technologies has announced a new partnership with InOut Games, integrating the studio’s highly innovative portfolio into its global platform. This distribution agreement gives Groove’s operator network access to…

Key Moments: The UAE has pledged $1 billion to expand AI technology and digital services across Africa. Bilateral trade between the UAE and Africa in 2024 reached approximately $107 billion, marking a 28% increase from the previous year. UAE initiatives target digital sectors, including iGaming, by enhancing infrastructure and fostering sustainable partnerships. Major Investment to Transform Africa’s Digital Landscape The United Arab Emirates has announced a $1 billion initiative to accelerate AI development in Africa. Additionally, the program was unveiled at the G20 leaders’ summit in Johannesburg. It also aligns…

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Key Moments: Michel Groothuizen, Chair of Kansspelautoriteit (KSA), has called for a worldwide enforcement alliance to combat illegal gambling Legal gambling’s turnover share in the Netherlands has dropped below 50%, despite over 90% of players channeling through regulated sites Experts express mixed opinions on the practicality of a “Gambling Interpol,” but recognize the urgent need for greater coordination Regulated Market Faces Growing Threat Michel Groothuizen, who leads the Dutch gambling authority Kansspelautoriteit (KSA), has raised concerns about increasing challenges facing the licensed gambling sector. Having established systems like a central…

Key Moments: Swintt has rapidly gained traction in Italy through its exclusive partnership with Eurobet.it. Initial releases like Pirates Pledge Hold & Win and Battle of Myths have driven notable player engagement. Regulatory approval is being sought to introduce additional titles, including A Hopping Kiss and Enigma of Egypt. Successful Market Entry Spurs Growth Plans Swintt, a prominent software provider, recently made its debut in the Italian market by partnering exclusively with Eurobet.it. The introduction of Swintt’s Elysium Studios games was met with enthusiastic player response, prompting the company to…