iGaming Business

    BreakingRegulatory

    Venetian becomes latest Bowyer AML culprit in Las Vegas, agrees to $7.2 million fine

    Venetian becomes latest Bowyer AML culprit in Las Vegas, agrees to $7.2 million fine

    The Venetian Resort Las Vegas has agreed to a $7.2 million fine for anti-money laundering (AML) violations, making it the latest major casino on the Strip to be penalized in connection with high-roller Mathew Bowyer. This marks the fourth Las Vegas casino to face such fines related to Bowyer's activities, highlighting ongoing scrutiny over AML compliance in the industry.

    ANJL supports new advertising rules for betting but calls for stronger action against illegal platforms

    ANJL supports new advertising rules for betting but calls for stronger action against illegal platforms

    Brazil's National Association of Games and Lotteries (ANJL) supports new advertising regulations for the betting industry, emphasizing the need for campaigns to adhere to existing laws. ANJL also urges the government to strengthen enforcement against illegal gambling platforms to combat money laundering, problem gambling, and underage access.

    Fertitta executives outline Caesars transaction timeline to Nevada regulators

    Fertitta executives outline Caesars transaction timeline to Nevada regulators

    Executives from Fertitta Entertainment, led by Tilman Fertitta, have provided Nevada regulators with a timeline for their proposed acquisition of Caesars Entertainment. The multi-faceted deal faces significant challenges including securing financing, gaining antitrust clearance, obtaining necessary licenses, and obtaining shareholder approval from both companies.

    BreakingRegulatory

    Data inconsistences and ‘self-harm on an immense scale’, industry reacts to financial risk assessment rollout

    Data inconsistences and ‘self-harm on an immense scale’, industry reacts to financial risk assessment rollout

    The UK gambling industry is reacting strongly to the Gambling Commission's rollout of financial risk assessments, with concerns raised about data inconsistencies and the potential for 'self-harm on an immense scale.' Shadow Gambling Minister Louie French MP has called on the government to 'take control of the Gambling Commission' amidst the controversial implementation.

    BreakingRegulatory

    ESMA confirms some prediction markets contracts fall under European financial regulation

    ESMA confirms some prediction markets contracts fall under European financial regulation

    The European Securities and Markets Authority (ESMA) has clarified that some prediction market contracts fall under existing European financial regulations, specifically those restricting binary options. This means that operators offering these types of prediction markets may be subject to the same regulatory oversight and restrictions as binary options providers.