News

Arrests and Charges in Illegal Betting Case The Singapore Police have apprehended seven men suspected of operating an illegal online betting network. This arrest followed a collaborative investigation involving the US Federal Bureau of Investigation (FBI) and Meta, the company behind Facebook. Assets Seized and Court Proceedings Four suspects, aged between 28 and 53, appeared […]

Background of the Case US District Judge Sherri Lydon has sentenced 68-year-old F.M. to six months in prison for operating an illegal gambling business near South Carolina’s capital. In addition to the prison term, F.M. agreed to forfeit $1 million as part of the legal proceedings. Details of the Undercover Investigation Federal prosecutors revealed that […]

Aristocrat’s Strategic Acquisition of Awager Aristocrat Leisure Limited has declared its intention to acquire Awager Ltd, a prominent company specializing in live slot streaming technology. The financial details of the agreement, facilitated by Oaktree Capital Management, remain confidential. Completion of the purchase is contingent upon receiving the necessary regulatory approvals. Awager’s Expertise in Live Slot […]

Growing Concerns Over Gambling Ads in London’s Public Transport The presence of gambling advertisements on London’s buses, trains, and Underground stations has once again sparked debate. Government officials are under increasing pressure to define what constitutes harmful gambling clearly, a move that would empower the Mayor of London to enforce a ban on such ads […]

BOS Challenges Svenska Spel’s Proposal for Stricter Gambling Controls The Swedish Trade Association for Online Gambling, known as BOS, has voiced strong objections to the latest recommendations put forward by Svenska Spel, Sweden’s state-owned gambling company. These proposals aim to impose tighter regulations on the country’s online gambling market, but BOS warns that such measures […]

Progress in Legal Dispute Between Steven Horn and Amazon The ongoing lawsuit initiated by Steven Horn against Amazon concerning social casino apps appears to be moving closer to a possible resolution. Recent indications suggest that both parties are engaging in private settlement talks. This case holds considerable significance as it may set a precedent impacting […]

Plumpton Racecourse Supports Major Changes to Racing Finance Plumpton Racecourse in Sussex has taken a distinctive stance by endorsing a significant proposal aimed at reforming the financial framework of UK horse racing. The racecourse recently submitted a detailed paper to HM Treasury backing the Social Market Foundation’s plan. This plan suggests doubling the Horserace Betting […]

ICE Makes a Landmark $2 Billion Investment in Polymarket The Intercontinental Exchange (ICE), a prominent global provider of technology and data services and owner of the New York Stock Exchange (NYSE), has announced a substantial investment in the prediction market platform Polymarket. This move supports Polymarket’s plans to re-enter the US market and leverage new […]

Introduction to Sharp Alpha’s New Fund Sharp Alpha, a venture capital firm specializing in the gaming industry, has secured $150 million to support the growth of gaming companies. This latest fund is designed to help businesses within the gaming sector strengthen their customer acquisition efforts. Focus Areas and Investment Strategy The newly established Sharp Alpha […]

Yolo Group Ventures into the UAE Gaming Industry Yolo Group, a prominent global technology firm specializing in gaming, fintech, and blockchain solutions, has announced a significant expansion into the United Arab Emirates. This move aligns with the UAE’s recent initiatives to support and regulate the gaming sector in the region. Licensing Success for Hub88 Holdings […]