iGaming Business

    KSA finds one in 10 gambling accounts opened by Dutch 18-year-olds created on their birthday

    KSA finds one in 10 gambling accounts opened by Dutch 18-year-olds created on their birthday

    The Dutch gambling regulator (KSA) found that one in ten gambling accounts opened by 18-year-olds in the Netherlands were created on their actual birthday. This data emerged amid calls from a Christian Democratic Party representative earlier this year to raise the minimum online gambling age from 18 to 24, suggesting potential issues with age verification or responsible gambling measures.

    President Lula steps up criticism of Brazil betting sector

    President Lula steps up criticism of Brazil betting sector

    Brazilian President Lula has intensified his criticism of the betting sector, labeling gambling a 'scourge of lies' in an apparent move to appeal to conservative voters. This rhetoric could signal potential shifts in government policy or public perception towards the nascent Brazilian betting market. While seemingly politically motivated, presidential statements can significantly influence a market's future regulatory environment.

    High-street fight

    High-street fight

    The gambling industry has strongly reacted to Andy Burnham's comments labeling them as "dodgy businesses," expressing frustration at being unfairly targeted. While the industry's anger is evident, the article suggests this alone will not secure a political win against negative perceptions.

    Caesars proxy filing details months-long bidding war between Icahn, Fertitta

    Caesars proxy filing details months-long bidding war between Icahn, Fertitta

    A recent proxy filing by Caesars Entertainment revealed the extensive, months-long bidding war between activist investor Carl Icahn and Tilman Fertitta for control of the casino giant. The detailed document outlines the intense negotiations and strategic maneuvers that ultimately led to Icahn's influence and the eventual acquisition of Caesars by Eldorado Resorts. This M&A battle significantly reshaped one of the industry's largest operators.

    BreakingRegulatory

    Brazil Ministry of Finance orders immediate suspension of Pixbet

    Brazil Ministry of Finance orders immediate suspension of Pixbet

    Brazil's Ministry of Finance has ordered the immediate suspension of Pixbet's operations due to alleged irregularities, including money laundering concerns. The precautionary measure includes a daily fine of BRL200,000 for non-compliance and an order to seize up to BRL1.1 billion from the company. This action highlights Brazil's intensified regulatory scrutiny on betting operators.