In a significant legislative move, the North Carolina House of Representatives is currently deliberating a bill that could allow state residents to deduct gambling losses from their income taxes. This proposal, which aims to align state tax policies with federal regulations, has stirred a mix of support and opposition across political and public spheres. The bill, officially recognized as House...
Prior to the state election, the NSW government had campaigned on a clear pledge to significantly reduce the number of poker machines across the state. This commitment, articulated by prominent figures like Treasurer Daniel Mookhey, promised the removal of 9,500 poker machines through a dual approach of buybacks and forfeitures. During an early 2023 interview with Sky News, Mookhey emphasized the rapid implementation of their...
After a challenging period, SJM Holdings Ltd has reported a slight profit for the fiscal year 2024, marking a significant recovery from a HKD2.01 billion loss in 2023. The Macau-based casino operator attributed this turnaround to a robust performance across its major properties, including the Grand Lisboa and the Grand Lisboa Palace in the Cotai district. Financial highlights and operational success: In 2024, SJM Holdings saw...
Flutter Entertainment has successfully navigated a transformative 2024, solidifying its position as a leader in the global gaming and betting market. The company’s robust strategy and execution have yielded a significant uptick in both revenue and customer engagement, reinforcing its dominance, particularly in the U.S. with FanDuel, and expanding its influence across key international markets. Comprehensive Financial and Operational Highlights In 2024, Flutter saw its adjusted player...
YouTube, the global video-sharing platform, has announced significant changes to its content policies concerning gambling. Starting March 19th, the platform will enforce tighter regulations, specifically targeting content that promotes unapproved gambling sites and services. These changes build on existing policies aimed at curbing the exposure of potentially harmful gambling content, especially to underage users. Enhanced measures to protect users: Under the revised guidelines,...
Despite strong public support and potential for significant tax revenue, a proposal to legalize sports betting in Georgia met its demise in the Senate’s Regulated Industries and Utilities Committee. This decision has left advocates questioning the future of gambling legislation in the state. Last Thursday marked a setback for sports betting proponents as Senate Resolution 131, aimed at amending the...
Aspire Global, operating under AG Communications Limited, is confronting severe regulatory repercussions as they have been fined £1,407,834 after an investigation by the UK Gambling Commission uncovered profound failures in their social responsibility (SR) and anti-money laundering (AML) practices. This considerable sum is earmarked for socially responsible initiatives, forming part of a broader settlement intended to rectify the detected shortcomings. Detailed breakdown of compliance failures:...
Optimove, a pioneering force in AI-orchestrated marketing solutions, has recently taken a significant step to expand its gamification and customer engagement capabilities through the acquisition of Adact, a prominent gamification marketing solutions provider. This merger integrates Adact’s state-of-the-art gamification technology into Optimove’s Positionless Marketing platform, setting a new standard for customer interaction in the digital marketing space. Comprehensive integration of gamification technologies: The acquisition of...
MGM Resorts International and the Federal Trade Commission (FTC) reached a settlement of a contentious legal dispute triggered by a severe cyberattack on MGM in September 2023, which resulted in considerable operational and financial upheaval. The cyberattack, which disrupted MGM’s operations extensively, led to a lawsuit involving a civil investigative demand (CID) issued by the FTC to delve into the casino operator’s data security practices....
Embark on a spellbinding adventure with BGaming’s latest creation, Alice WonderLuck, a slot game inspired by the timeless whimsy of Lewis Carroll’s Alice in Wonderland. This innovative game brings a fresh digital twist to the classic story’s characters, enveloping players in a vibrant and slightly off-kilter world that mirrors the novel’s enchanting atmosphere. Innovative features and engaging gameplay: Alice WonderLuck introduces players to a dynamic...