Author: newsnet5

Partnership to Bring Advanced Live Casino Experiences Live casino provider Stakelogic has joined forces with Spielbanken Bayern, a leader in Bavaria’s regulated online gambling market, to launch innovative live casino offerings. This collaboration strengthens their presence in Bavaria, a key German state known for its progressive gambling regulations. Bavaria Leads with Online Live Casino Launches […]

IGT Celebrates Big Jackpot Wins in June In June, IGT revealed several significant jackpot victories, with multiple players winning multi-million dollar prizes on the company’s popular slot and jackpot games. According to a recent company announcement, three major jackpots were awarded during the month. Major Wins Across Casinos in California and Canada The first notable […]

Caesars Sportsbook Rolls Out Digital Wallet in Nevada Caesars Sportsbook has unveiled a new digital wallet feature within its mobile app, designed specifically for bettors in Nevada. This innovation allows users to fund their wagers directly from their smartphones or tablets, eliminating the need for external payment methods. Unified Wallet Enhances User Experience Across Properties […]

Flutter Entertainment Completes Acquisition of FanDuel Flutter Entertainment has finalized an agreement to purchase the remaining 5% stake of FanDuel from Boyd Gaming Corporation for $1.755 billion. This acquisition grants Flutter complete ownership of FanDuel, a leading sportsbook and iGaming platform in the United States. The transaction values FanDuel at an impressive $31 billion and […]

Maltese Court Denies Entain’s Request to Reinstate Ban on Sportingwin A legal dispute between two major players in the online betting industry has taken another turn. The Maltese Civil Court ruled against Entain Operations Limited in its attempt to reinstate a ban on SB Entertainment Limited, the company operating Sportingwin. Judge Points Out Procedural Errors […]

Senate Republicans Halt Effort to Reinstate Full Gambling Loss Deductions On Thursday, Senate Republicans blocked a Democratic proposal aimed at reversing a recent tax change that professional gamblers warn could severely damage their industry. Nevada Democrat Catherine Cortez Masto pushed for the swift approval of legislation that would reinstate the full deduction for gambling losses. […]

Overview of EGBA’s 2025 Sustainability Report The European Gaming and Betting Association (EGBA) recently published its 2025 Sustainability Report, showcasing the significant advancements made by its members in responsible gambling, environmental efforts, and economic contributions. At the same time, the report draws attention to the growing risks posed by unregulated gambling markets. Significant Tax Contributions […]

UK Gambling Commission Updates Financial Penalty Framework The UK Gambling Commission (UKGC) has announced significant revisions to its enforcement approach by introducing a clearer and more structured method for determining financial penalties imposed on gambling operators violating regulations. This revamped system is scheduled to be implemented starting October 10, 2025, following an extensive review earlier […]

Allwyn Secures Major Funding for Expansion and Debt Refinancing Allwyn International AG has successfully raised a €2.15 billion financing package with the support of an international group of leading banks. This significant capital injection is a key part of the companys long-term growth plans. The funding includes a mix of term loans and a revolving […]

Anthony Villani Sentenced for Leading Illegal Gambling Ring Anthony Villani, a captain within the Lucchese organized crime family, has been sentenced to 21 months in prison by US District Judge Kiyo A. Matsumoto. Villani was found guilty of racketeering, which included charges of money laundering and illegal gambling linked to his administration of a large-scale […]