Gambling service product and service supplier Light & Wonder has announced its decision to move away from its live casino business, choosing to focus on other aspects of its business that will provide greater returns on investment. The Las Vegas-based gambling giant’s decision will leave Playtech and Evolution as the only US live casino suppliers. However, US consumers will still...
PointsBet has received two competing takeover offers, with its board unanimously backing an AU$353 million all-cash bid from Japanese digital entertainment company Mixi. Meanwhile, Australian-based bookmaker BlueBet has proposed an alternative deal, valued between AU$340 million and AU$360 million, that includes both cash and a scrip component. The Mixi offer, presented through its Australian subsidiary, includes AU$1.06 per share in...
Vadim Komissarov, the former CEO of Trident Acquisitions Corp. (TDAC), is facing serious federal charges, including securities fraud, obstruction of justice, and perjury. Prosecutors allege he orchestrated a scheme to deceive investors by reporting false revenue figures to secure a merger with Lottery.com. The indictment, unsealed in the Southern District of New York, details an elaborate plan involving fabricated financial...
In a bold move to expand its footprint in the Australian casino and hospitality sector, Iris Capital, led by Sam Arnaout, has proposed a significant acquisition of the Reef Casino Trust. This initiative is part of a larger strategy by Iris Capital to consolidate its presence in key markets, evidenced by the group’s recent $130 million-plus offer for the trust. This proposal aims to secure...
In a bold fiscal move, New Jersey Governor Phil Murphy has proposed significant tax increases on online sports betting and internet gambling, sparking widespread concern among casinos and betting firms. The proposed hikes, which would see taxes on both sectors rise to 25% from their current rates of 13% and 15%, respectively, are part of the Governor’s broader budget plan aimed at bolstering state revenues. Despite...
Relax Gaming, the acclaimed iGaming aggregator and unique content supplier, has significantly expanded its footprint in Latin America by launching its services in Brazil and Peru on January 1st. This move is part of the company’s broader strategy to penetrate key emerging markets, following successful launches in Mexico in 2021 and Colombia in 2022. The entry into these markets is seen as a critical step in...
In a significant legal confrontation, the Lytton Rancheria of California, along with the Dry Creek and Cloverdale Rancheria of Pomo Indians, has filed a lawsuit against the U.S. Department of the Interior (DOI) and the Bureau of Indian Affairs (BIA). The lawsuit, submitted to the United States District Court for the District of Columbia, centers on the expedited approval of a casino project slated for the Koi Nation of Northern California....
The Philippines has marked a significant advancement in its financial oversight mechanisms by exiting the Financial Action Task Force’s (FATF) gray list, a move that reflects its strengthened anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks. Choon Hong Chua, Moody’s head of financial crime practice for the Asia-Pacific and Middle East, emphasized, “Exiting the gray list will boost investor confidence and financial stability.” This development highlights the country’s enhanced...
Jamul Casino is poised to redefine luxury in San Diego County, California, with the opening of its new 16-story hotel tower this spring, marking a significant transformation into the Jamul Casino Resort. “This all-new hotel symbolizes a milestone in our tribe’s progress and our enduring commitment to autonomy,” stated Erica M. Pinto, Chairwoman of the Jamul Indian Village. “We’re not only transitioning from a casino to a full resort;...
Print Studios’ latest release, Big Stack Lumberjack, transports players to a dense forest where a rugged woodsman chops his way to massive rewards. With unique mechanics, stacked tree symbols, and a top payout of 20,000x the bet, this game blends traditional slot action with innovative features. Immersive gameplay and design: Set against a backdrop of towering trees and rolling hills, Big Stack Lumberjack creates...