The Chinese embassy has warned all of its citizens who are in Singapore to stay away from all types of gambling as engaging in these activities overseas is illegal. The statement on Monday from the embassy’s official WeChat account “solemnly reminded” people of Chinese laws that forbid people from placing bets even at Singapore’s legal ...
Nagasaki Ends Plans for Japan Integrated Resort
End of the road It looks like Nagasaki will no longer be pursuing an integrated resort (IR) project. The prefectural government said in an assembly committee session on Wednesday that it won’t submit an administrative compliant review ahead of the March 27 deadline. Japan’s central government rejected in December It was pursuing an ambitious plan that Japan’s ...
US Bettors Will Wager Twice as Much on March Madness as the Super Bowl
March Madness is always a lucrative time of year for US sportsbooks, and even more so in 2024. If estimates are to believed, it looks like bettors will wager twice as much on this year’s college basketball tournament as they did on the recent Super Bowl. people will wager about $2.7bn across the men’s and ...
DraftKings Launches New Tool for Users to Track Their Personal Betting Stats
DraftKings has launched a new responsible gambling tool called “My Stat Sheet” which allows users to keep track of their personal betting statistics. The operator announced on Thursday that this is now available across all Golden Nugget and DraftKings platforms. net win/loss across different periods of time Users can view the length of time they’ve spent ...
Entain Reportedly Mulling Sale of PartyPoker
Entain is reportedly considering selling its PartyPoker subsidiary, enlisting the help of Oakvale Capital to explore its options with the online poker platform. Sky News’ industry sources believe the business could go for around £150m ($192m). The former parent company of PartyPoker, PartyGaming, had a £5bn ($6.4bn) valuation when it went public on the London ...
Bally’s Shares Jump 28% After Standard General Makes Takeover Offer
Hedge fund Standard General, the largest shareholder of Bally’s Corporation, has made an offer to buy all of the remaining shares that it does not own. The company made the proposal on Monday, leading to a 28% jump in Bally’s share price. The offer of $15 per share is 41% greater than the closing ...
FanDuel Replacing GambetDC as the Sole Washington DC Sportsbook Operator
Time for a change Washington DC Office of Lottery and Gaming (OLG) has announced that FanDuel will replace GambetDC as the sole districtwide sportsbook platform. The transition, announced on Saturday, will occur at some point in the spring. FanDuel will gradually take over the existing GamBetDC in-store wagering kiosks. already controls about 50% of the adjacent ...
Chinese Man Fakes Own Kidnapping to Get Money for Gambling Debt
Desperate times A man struggling with a gambling debt allegedly kidnapped himself and demanded a ransom from his aunt. Authorities charged Chinese resident Liu Changjian in court on Monday after he tried to swindle CN¥30,000 (US$4,175) from his family member. A pre-trial conference will take place on March 25. started messaging his aunt in China posing ...
Gaming Exec Looking Toward Latino American Market
An industry panel at an event in New York considered the future of online gambling in the US, with Fifth Street Gaming CEO Steve Schorr and BetMGM Vice President of Gaming Product Oliver Bartlett speaking at the Next.io conference on Thursday. The panel agreed that the online gambling sector has to continually evolve and adapt ...
Integrity Monitoring Firm Flags Temple Basketball Game for Suspicious Betting
Sports betting monitoring company U.S. Integrity alerted operators about suspicious betting activity in a men’s basketball game between Temple University and the University of Alabama-Birmingham (UAB). The American Athletic Conference (ACC) confirmed that it is aware of the alert and plans to thoroughly review the matter. UAB won the Thursday night contest, 100-72. noticed a ...