Author: newsnet5

Most Players Consider Sweepstakes Games as a Form of Gambling A recent study by the American Gaming Association (AGA) highlights that a significant majority of sweepstakes casino participants regard these games as a type of gambling. Furthermore, the spending patterns and demographic profiles of these players closely resemble those involved in real-money iGaming. Study Details: […]

License Revocation Amid Alleged Criminal Connections The Illinois Gaming Board (IGB) has taken significant action by revoking the video gaming license of Firebird Enterprise Inc., which operated gaming machines at the Steak’n Egger restaurant in Cicero. This decision follows revelations that the company concealed connections to illegal gambling activities and organized crime networks, leading to […]

Introduction to the Takeover Donaco International, an operator of leisure and entertainment businesses across the Asia Pacific, is set to be acquired by On Nut Road after its shareholders voted in favor of the takeover offer. Details and Significance of the Deal On Nut Road, a special purpose vehicle backed by Argyle and based in […]

Widespread Opposition from Sports Groups In New Zealand, more than 30 sports organizations have voiced strong opposition to the nation’s proposed online gambling legislation. Their primary concern is that the bill does not include any clauses requiring online gambling operators to allocate a portion of their earnings to support the sports community. The iGaming Bill […]

Introduction of Jaap Wieland to the Objections Advisory Committee The Dutch gambling authority, Kansspelautoriteit (KSA), has recently welcomed Jaap Wieland as the latest member of its Objections Advisory Committee. Wieland will assume the role of the committee’s third independent chairperson. Wieland’s Legal Expertise to Enhance Committee’s Work Effective from July 15, Jaap Wieland will serve […]

Escalante Moves to Fully Own Virtual Gaming Worlds Laurence Escalante, the founder of Virtual Gaming Worlds (VGW), is poised to become the sole owner of the sweepstakes company following shareholder approval of his $2.1 billion takeover bid. This acquisition will transition VGW from a publicly traded company to a private entity. Shareholders Endorse Escalante’s Acquisition […]

Incentive Games Secures Ontario License to Expand Market Reach Incentive Games, a prominent developer of iGaming software, has obtained a regulatory license to operate in Ontario. This new certification enables the company to introduce its innovative gaming products to operators within the province, marking a major step forward for its business growth in Canada. License […]

Georgia Strengthens Efforts Against Gambling Harm Georgia is actively addressing gambling-related issues by enhancing its national self-exclusion program, which is managed by the state Revenue Service. Growth in Self-Exclusion Registrations The self-exclusion list now includes more than 30,000 individuals, with a total of 30,451 people registered. Since early May, an additional 4,000 individuals have joined […]

NC Woman Strikes It Rich During Her First Trip to Las Vegas Camy M., a newcomer from North Carolina, turned her inaugural visit to Las Vegas into a life-changing experience by winning a massive jackpot at Palms Casino Resort. What began as a farewell spin on a slot machine ended with a stunning payout of […]

Background on The Star Entertainment’s Sale Attempt The Star Entertainment Group aimed to sell its ownership interest in the Destination Brisbane Consortium (DBC) along with stakes in other joint ventures. The plan involved partners Chow Tai Fook Enterprises Limited and Far East Consortium International Limited, with an initial agreement reached in March to transfer these […]