Author: newsnet5

Evolution, a leading global company specializing in live casino gaming, has inaugurated its first dedicated live studio in Brazil. This new studio, based in São Paulo, marks a pivotal development just seven months after the launch of the country’s regulated iGaming market. It highlights Evolution’s ambition to expand its influence across Latin America. A Major […]

7777 Gaming Joins Forces with Octavian Lab to Expand European Presence 7777 Gaming has announced a strategic partnership with Octavian Lab aimed at enhancing its international reach and solidifying its position within regulated European markets, especially Italy. Focus on Hub Casino Aggregator Platform This collaboration centers around 7777 Gaming’s aggregator solution known as Hub Casino, […]

New Support from Lawmakers on Repealing Gambling Loss Deduction Limits The initiative to reverse the recent reduction in gambling loss tax deductions has received fresh support with two additional members of Congress endorsing the repeal effort. Soto and Deluzio Join the Movement Against the Deduction Cap Earlier this week, Nevada Representative Dina Titus revealed that […]

Polymarket is making a significant return to the United States by adopting a fully compliant approach this time around. The blockchain-based prediction market has recently completed the acquisition of QCEX, a Commodity Futures Trading Commission (CFTC)-regulated exchange and clearinghouse. This $112 million deal secures Polymarket a legitimate pathway to re-enter the American market. Reentering the […]

Betsson Establishes New Tech Center in Málaga Betsson Group is broadening its footprint across Europe by launching a new technology hub in Spain. This initiative is part of the company’s wider growth strategy and aims to significantly enhance its technological capabilities. Why Málaga Was Chosen for the New Hub The new facility will be located […]

Introduction to the Scandal Spanish gambling giant Codere is under investigation following allegations that it engaged in a lobbying scheme involving Spain’s top political figures. A report from Catalonia’s regional police reveals that Codere made significant payments to the consultancy firm Equipo Económico, which was established by former Finance Minister Cristóbal Montoro, to influence legislation […]

Pavilion Payments Expands Compliance and Payment Capabilities Pavilion Payments has successfully acquired CasinoSoft, a company specializing in casino compliance software. This strategic acquisition is set to enhance Pavilion Payments’ ability to manage critical and complex gaming industry functions such as anti-money laundering compliance, jackpot processing, and tax reporting. The move is expected to help Pavilion […]

Introduction to UK Gambling Levy and Funding for GambleAware In response to ongoing gambling reform efforts in the United Kingdom, the government has designated £11 million in funding to support GambleAware’s initiatives aimed at reducing gambling-related harm. This funding is sourced from the country’s recently implemented statutory levy on gambling operators. Changes in Funding Structure […]

Light & Wonder Secures License to Operate in the UAE Light & Wonder, a top provider of casino games and digital content, has recently obtained a gaming vendor license in the United Arab Emirates as the country moves forward with introducing regulated gaming activities. Granting of License by the General Commercial Gaming Regulatory Authority On […]

AGCO Revokes Licenses of Businesses Operating Unauthorized Gambling Machines The Alcohol and Gaming Commission of Ontario (AGCO) has taken decisive action against several businesses in the Greater Toronto Area after uncovering the operation of unauthorized electronic gambling devices known as Prime Slot. In a move to curb illegal gambling, the regulator has canceled the lottery […]