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Kevin Durant, one of the most iconic names in the history of the NBA and the current list of All-Stars, has set the betting world alight with a blockbuster move to the Houston Rockets.
The 36-year-old was prised away from his current team, the Phoenix Suns, in favour of a move to the Rockets, who are looking to improve on their impressive NBA run of the previous season.
Durant is the only male...
The Monetary Authority of Singapore (MAS) has taken action against some of the nation’s most prominent financial institutions.
MAS has pulled no punches in the regulator’s attempt to stamp out continued breaches of the country’s anti-money laundering regulations. The total in fines comes to S$27.45 million ($21 million) to the financial institutions in their sights.
MAS has imposed composition...
A study carried out by the Gambling Regulatory Authority of Ireland (GRAI), Department of Justice, Home Affairs and Migration, and undertaken by the Economic and Social Research Institute (ESRI) links betting bonuses to problem gambling, according to the findings.
The report points the finger at welcome offers and “inducements” that encourage bettors, especially those who may be at risk of...
Democratic Representative Dina Titus (Nevada) vowed to deliver a “common sense fix” to the GOP megabill backed by President Donald Trump that would have a detrimental impact on gamblers due to its tax setup.
Titus added her voice to others warning the tax provisions in the ‘Big Beautiful Bill’ could push users toward the underground market due to the disadvantage it presents.
The bill’s 90%...
FanDuel, one of the biggest betting franchises in America, has added two new hires to its company roster. Both bring government experience and will assist the operator with ramping up its involvement in legislative conversations.
Shailagh Murray comes into the sports betting giant as Senior Vice President of Public Affairs, and Jonathan Nabavi has been appointed Vice President of Federal Affairs...
Philippines President Ferdinand Marcos Jr. will not object to a proposed tax on online gaming and gambling operators, as long as it is backed by thorough research and rationale.
The tax is planned by the Department of Finance (DOF), but critics fear it could dissuade investment in the gaming industry or even push platforms toward the black market.
Speaking at a briefing on Monday (July 7),...
A new report published by the Victorian State Government assesses the risks that gambling poses across a range of societal groups.
The publication covers a broad spectrum of social issues and examines the impact of gaming and gambling on individuals’ financial, emotional, and psychological well-being.
The study was funded by the Victorian Responsible Gambling Foundation (VRGF) and features...
Spelinspektionen, Sweden’s gambling regulator, has issued a ban on WinBet NV for illegally targeting Swedish players via its Superb.bet website.
Punitive action was taken for offering services in Swedish and conducting transactions in Krona without the required consent.
A probe carried out by the Spelinspektionen authority further revealed Winbet, which is licensed only in Greece, violated...
Helen Rhodes, Policy Director for the UK Gambling Commission, gave a speech at iGB Live last week, specifically focusing on the Gambling Act Review. The GAR took a look at the Gambling Act 2005 in 2020 to find if it could find a “balance of regulation” considering the 15 differences and technological advances since its inception.
Part of this was undertaking bans on certain methods of payment,...
The Star Entertainment Group is back in the news, as the Australian gambling firm has agreed to extend its Heads of Agreement to the end of July.
After a buffeting of problems throughout the last few years, the company is desperate to offload its stake in the AUD 4 billion ($2.6 billion) Queen’s Wharf complex to keep itself afloat. If the company cannot finalize negotiations by then, it will be...