Major online sports betting companies and California's casino tribes have teamed up to combat unregulated sweepstakes platforms, a common rival Among the websites accused of stealing billions of dollars in potential profits from legal gambling are Fliff and High 5 Casino According to industry estimates, by 2025, these platforms might bring in $4..

MicroStrategy has unveiled plans to raise $175 billion through a private offering of convertible senior notes, intensifying its commitment to Bitcoin acquisitions On November 18, the company also revealed a massive Bitcoin purchase worth $46 billion, further solidifying its position as a major institutional investor in cryptocurrency Convertible..

An important step in the US Securities and Exchange Commission's (SEC) lawsuit against the cryptocurrency exchange has been taken with the dismissal of Kraken's application for an interlocutory appeal by a US District Court judge Judge William Orrick of the Northern District of California made the ruling on Monday, emphasizing that..

Vlad Tenev, the CEO of Robinhood, has expressed concerns about the UK's strict regulations around cryptocurrencies, drawing comparisons to the country's more relaxed gambling laws Tenev blasted regulatory anomalies and emphasized his company's expanding goals in the UK market in an interview with The Times Tenev highlighted Robinhood's..

The Thai government is currently working on a draft bill that will legalize casino resorts by 2025 Prommin Lertsuridej, Prime Minister Paetongtarn Shinawatra's secretary-general, told Bloomberg that the draft law might be approved by the cabinet before the year is up The law may take up to six months to pass after it is introduced in..

The Philippines-listed PH Resorts Group Holdings Inc has reiterated its resolve to overcome financial obstacles associated with its Emerald Bay casino project in Cebu, which has paused The business stressed that Udenna Corp, its parent company, continues to assist it in meeting its financial obligations In Q3 2024, PH Resorts reported a net..

Information about Malta's land-based and internet gambling industries may be found in the Malta Gambling Authority's (MGA) 2023 Annual Report and Audited Financial Statements The study provides a thorough summary of the Authority's initiatives, successes, and tactics for promoting sustainability in the sector The MGA intensified its supervisory..

The $25 million Crystal Sky travel plaza in Louisville, Winston County, will shortly be unveiled by the Mississippi Band of Choctaw Indians This huge project, which has been in the works for almost two years, is set to debut on December 19 The 18,000-square-foot Crystal Sky travel plaza is expected to serve as a gathering place for both locals..

France is preparing to explore the possibility of regulating online casinos by launching working groups in January These groups will examine the social, economic, and regulatory aspects of iGaming, addressing concerns ranging from consumer protection to public health The discussions aim to find a path forward while tackling the country’s €15..

New Jersey lawmakers are considering a proposal to ban prop betting on college sports, following reports of student athlete harassment linked to gambling If the bill passes, it would prohibit wagers on individual player performances, such as rebounds, touchdowns, or yards gained during college games Prop bets allow gamblers to wager on specific..

Ilya Lichtenstein has been sentenced to five years in prison for stealing nearly 120,000 bitcoin from the cryptocurrency exchange Bitfinex in 2016 The US Department of Justice announced the sentencing, detailing the methods Lichtenstein used to carry out and cover up the theft, as well as the subsequent laundering of the stolen funds In 2016,..

New Zealand is gearing up to regulate its online casino industry with new measures to protect consumers and minimize harm The proposal, announced on Wednesday, outlines plans to cap the number of licenses for online casino operators and implement stricter protections for New Zealanders The government aims to limit online gambling licenses to..

According to Sygnum's most recent annual study, institutional investors' desire for digital assets has grown amid a booming cryptocurrency market The study, which was completed by more than 400 professional and institutional investors from 27 different countries, shows that 57% of participants intend to expand their cryptocurrency holdings This..

In October, the casino business in Missouri had a minor increase in revenue The Missouri Gaming Commission reports that the combined adjusted gross revenue (AGR) from the state's casinos was close to $1514 million, a 1% increase over the prior year The data also reveals a little increase from month to month, with October's numbers increasing by..

A well-known Web3 industry executive thinks that a US government that supports cryptocurrencies might put pressure on China to soften its strict policies around digital assets The CEO of HashKey Group, based in Hong Kong, Xiao Feng, recently spoke with the South China Morning Post about his opinions Feng maintained that China might eventually..

A recent vote by Galaxy Gaming's shareholders approved the acquisition of Galaxy's assets by Evolution Malta Holding Limited, a division of Evolution AB The impending merger, which is anticipated to result in major changes for Galaxy Gaming, gave shareholders a chance to voice their opinions during a special meeting Transition to Private..

The Kickapoo Traditional Tribe of Texas has criticized the Texas Lottery Commission for selling lottery tickets online through unlicensed courier firms The Kickapoo Tribe has criticized the activities of these couriers, claiming that they violate Texas law and amount to an unregulated growth of gambling in the state, even though the Lottery..

In a major management buyout estimated at about $450 million, Endeavor has announced the sale of its sports technology companies, OpenBet and IMG Arena, to OB Global Holdings The agreement, which will be funded by debt and cash, was finalized in large part by OpenBet CEO Jordan Levin and Endeavor CEO Ariel Emanuel OpenBet's Global Reach and..

In a landmark move, Philippines President Ferdinand Marcos Jr has officially signed an executive order ending all offshore gaming operations in the country This decisive policy shift, issued on November 5, mandates that all Philippine Offshore Gaming Operator (POGO) licenses, along with related offshore gaming licenses, expire by December 31, 2024..

Determining whether the Armed Career Criminal Act (ACCA) should apply to someone who commits a violent crime by inaction presents a challenging problem for the US Supreme Court The story of Salvatore "Fat Sal" Delligatti, a New York bookmaker who is suspected of having ties to the Genovese criminal family, raises this query Delligatti's..