Kindred subsidiary handed SEK10m fine in Sweden
Kindred’s subsidiary, Spooniker, has been handed a SEK10 million fine by the Swedish regulator Spelinspektionen for failing to address previously flagged anti-money laundering (AML) issues. The fine comes after a review revealed shortcomings in Spooniker’s customer due diligence processes, essential for preventing money laundering and terrorist financing. Details of the Case Spooniker operates under various […]
FanDuel drives ‘step change’ in earnings for Flutter
Flutter has reported a solid start to 2025, with revenues up by a significant 8%, driven largely by FanDuel’s phenomenal performance in the US sports betting and iGaming markets. This article breaks down the key financial highlights and insights into Flutter’s growth strategy. Source: G3 Newswire Key Points Flutter’s net income hit $335 million, contrasting […]
Czech Court grants Prague autonomy to regulate gambling independently
The Constitutional Court of the Czech Republic has made a groundbreaking decision, allowing Prague’s city districts to regulate live gambling independently. This ruling empowers each district to impose their own restrictions or even ban gambling activities, addressing local conditions and concerns. Source: Yogonet International Key Points Prague can now independently regulate live gambling, impacting its […]
G2E to host first dealer championship for casino employees
The Global Gaming Expo (G2E) is set to host an exciting new competition specifically for casino dealers, aiming to crown the best dealer in blackjack and roulette. This event is scheduled for October 7-8 in Las Vegas. The championship will spotlight the skills of dealers, showcasing their technical abilities and flair while tackling various challenges […]
Ukraine’s New Gambling Regulator Receives Expanded Powers
Ukraine’s gambling authority, PlayCity, is stepping up its game with expanded powers designed to enhance oversight of the country’s betting industry. Newly implemented rules by President Zelenskyy aim to restore trust and combat illegal operations, following the dismantling of its predecessor, KRAIL. Key Points PlayCity replaces KRAIL and comes with expanded powers to oversee Ukraine’s […]
PAGCOR surges by 11 per cent with over half of gaming revenues coming from electronic games
The Philippine Amusement and Gaming Corporation (PAGCOR) has reported impressive financial results for the first quarter of 2025, highlighting a strong focus on electronic gaming revenues. The agency’s revenues surged by 11%, totalling Php28.07bn (US$503m). Source: G3 Newswire Key Points PAGCOR Revenues: Php28.07bn, an 11.2% increase from the previous year. Electronic Games and E-Bingo contributed […]
Indonesian Gov’t Seizes $36.2M From ‘Online Gambling-linked Bank Accounts’
Indonesian authorities have launched a major crackdown on illegal online gambling, leading to the seizure of approximately $36.2 million from linked bank accounts. This robust initiative involves freezing over 5,000 accounts as part of efforts to combat the growing issue of online gambling in the country. The move underscores a continued commitment from both the […]
Asia’s IRs have pivoted toward a broader revenue mix: Panel
The recent panel discussion held at the Asian IR Expo revealed that integrated resorts (IRs) in Asia are evolving by expanding their revenue sources beyond traditional gaming activities. Industry experts highlighted the importance of non-gaming amenities as crucial to attracting and retaining a wider audience. Key Points IRs are shifting focus towards non-gaming attractions to […]
Low VIP hold, non-gaming decline sees operating revenues at Wynn’s Macau resorts fall 13% to US$866 million in 1Q25
Wynn Resorts has reported a significant drop in operating revenues, announcing a 13.3% decline, totalling US$866 million in the first quarter of 2025. The drop can be attributed to low VIP gaming hold and a fall in non-gaming revenue across both Wynn Palace and Wynn Macau properties. Source: IAG Key Points Wynn’s total operating revenues […]
India Supreme Court Oversees Debate on 28% Tax on Online Gaming
The Indian Supreme Court is at the centre of a heated debate regarding the application of a 28% Goods and Services Tax (GST) on online gaming. The core issue revolves around whether skill-based games, such as chess, become classified as games of chance once wagers are placed on them, thus warranting the high taxation. The […]
