Betting industry news

    ACMA warns two former AFL stars

    The Australian Communications and Media Authority (ACMA) has issued formal warnings to two former Australian Football League players for promoting the illegal online gambling site Vegastars. The regulator cautioned influencers and high-profile figures that marketing unlawful gambling services carries substantial financial penalties under Australian law.

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    Chancellor’s gambling tax hike will cost thousands of jobs and devastate Britain’s high streets, warns BGC

    The Betting and Gaming Council (BGC) has warned that the UK Chancellor's decision to increase Machine Games Duty to 25% will harm high-street venues and could cost nearly 9,000 jobs. While retail betting shops and casinos avoided a higher proposed 40% machine tax rate, the industry body cautioned that the approved hike still poses a severe threat to land-based operations.

    Caesars reports $123 million Q3 loss as Las Vegas weakness offsets regional and digital gains

    Caesars reports $123 million Q3 loss as Las Vegas weakness offsets regional and digital gains

    Caesars Entertainment reported a third-quarter net loss of $123 million, widening from a $55 million loss during the same period last year. The decline was driven by weakness in the operator's Las Vegas operations, which countered revenue growth across its regional and digital segments. The financial results come ahead of Caesars' scheduled $17.6 billion acquisition by Fertitta Entertainment.