News

Introduction to the Gambling Tax Cap Debate Representative Dina Titus is spearheading a campaign to overturn a contentious tax rule embedded in recent federal legislation. This new rule, part of a large fiscal package endorsed during President Donald Trump’s administration, restricts gamblers from fully deducting their losses, allowing only 90% of losses to be written […]

Fantasy Life Secures Significant Funding to Advance Its Platform Fantasy Life, a prominent fantasy sports media and gaming company founded by well-known fantasy football expert Matthew Berry, has successfully raised $7 million in its latest funding round. This capital injection will be used to improve its digital products and accelerate the development of its unique […]

Jefferies Recommends Flutter Entertainment Amid Market Uncertainty Jefferies has reaffirmed its confidence in Flutter Entertainment, the parent company of FanDuel, by initiating coverage with a “Buy” recommendation. The firm has set an ambitious target price of $380 per share, signaling a potential 35% increase from the stock’s recent closing value, making it one of the […]

EGBA to Revise Anti-Money Laundering Guidelines in 2026 The European Gaming and Betting Association (EGBA) has announced plans to update its anti-money laundering (AML) guidelines in 2026. This revision follows insights gained from the evaluation of its second annual AML report, aiming to strengthen the framework for combating financial crime in the online gambling sector. […]

Massive Fines Imposed on Financial Institutions for AML Shortcomings Singapore’s Monetary Authority (MAS) has fined nine financial organizations a combined total of S$27.45 million (approximately $21.45 million USD) due to lapses in their anti-money laundering (AML) measures related to one of the largest money laundering investigations in the country. Weak AML Controls and Oversight Failures […]

Legal Action Against Former SkyCity Executives A shareholder has initiated a lawsuit against eight former senior executives of SkyCity Entertainment Group. The legal action aims to recover the AU$67 million penalty imposed on the casino company for failing to meet anti-money laundering obligations. Details of the Shareholder Lawsuit Stephen Wright, the shareholder behind the lawsuit, […]

The Star Entertainment Extends DBC Exit Deadline The Australian gaming and hospitality leader, The Star Entertainment Group Limited, has announced an extension to the deadline concerning its planned exit from the Destination Brisbane Consortium (DBC). This update was shared via the Australian Stock Exchange. Agreement with Joint Venture Partners The Star reached a new agreement […]

Isle of Man Gambling Regulator Fines Celton Manx for Anti-Money Laundering Failures The Isle of Man Gambling Supervision Commission (GSC) has imposed a substantial penalty on Celton Manx Limited following serious breaches related to anti-money laundering (AML) regulations. The fine reflects the gravity of the operator’s compliance failures. Systemic Violations Identified by the GSC The […]

FC Bayern Munich and Betano Join Forces in Landmark Sponsorship FC Bayern Munich has entered into a significant multi-year sponsorship agreement with Betano, the leading sportsbook brand under Kaizen Gaming. This partnership, effective through the 2027/28 season, represents one of the most notable commercial collaborations in European soccer in recent years. Kaizen Gaming’s Ambitious Global […]

Introduction to the New Bingo Hall Gila River Resorts & Casinos, a prominent casino and hospitality operator in the US, has announced the launch of a new bingo facility at its Santan Mountain location in Arizona. This development confirms earlier speculation and aims to bring a fresh form of entertainment to the venue. Bingo Club […]