Online Casino News From Around the Globe

UK Gambling Commission Threatens Unlimited Fines For Operators Targeting Underage Gamblers
Aug02

UK Gambling Commission Threatens Unlimited Fines For Operators Targeting Underage Gamblers

The UK gambling Commission is continuing their crackdown of gambling firms who target children. According to research over 450,000 children are gambling in England and Wales on a weekly basis which has set off alarm bells. The commission plans to punish companies that glamorize gambling in their adverts or use adverts that appeal to children in their ads and could face unlimited fines. Companies like Coral which were proven to target children will now face even tougher penalties. As of October operators will also face tougher penalties for sending spam or texts to players while also been compelled to solve customer complaints within an eight week deadline. This follows years of complaints from players about difficulties withdrawing their money and misleading bonus offers. CEO of the Gambling Commission Neil MacArthur re-iterated the Commission’s obligation to the consumers and said,” Protecting the interests of consumers is priority for us. These changes will protect consumers from irresponsible advertising and misleading promotions, ensure that consumers can withdraw their money more easily and will mean that consumer complaints are dealt with more swiftly.’ Gambling operators have already face the wrath of the Advertising Standards Authority and firms like Coral have seen numerous adverts for their animated games been banned. These include figures with childlike appeal that included Rainbow Riches, Fishin Frenzy and Lucky Wizard which were all deemed to appeal to under...

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MGM Poised To Be First Operator to Take Mobile Sports Betting Wager in New Jersey
Aug01

MGM Poised To Be First Operator to Take Mobile Sports Betting Wager in New Jersey

MGM has in the space of a week cemented itself as one of the leading players in the emerging US sports betting market. Their landmark partnership with GVC Holdings was followed by the announcement of their partnership with the NBA. In terms of the deal MGM will become the first gambling company to form a partnership with a US sports league. The deal is set to be worth $25 m and will include mobile sports betting. The fact that the NBA has got to the point of partnering with a real money gambling entity is far from a given as many will be quick to remind NBA commissioner Adam Silver of their once fierce opposition to any association with gambling. However money talks and no one can stop the progress of an industry that is worth billions. MGM CEO Jim Murren announced via their website that mobile sports betting will be coming to New Jersey via their playMGM platform. On their website he said,” It won’t be long now! Coming to playMGM.com soon, mobile sports betting will be more convenient than ever, thanks to the playMGM NJ Sports betting app. It’s just a matter of time until you’ll be able to place wagers from the bar, the dinner table or anywhere in New Jersey, simply by using your own personal mobile device. Stay tuned for more details. Bet on sports now at Borgata Race & Sports Book.” Murren went on to say following his announcement regarding the NBA partnership that MGM has a running start as they already run the largest operation in Las Vegas with their 10 resorts. He added that their playMGM app has been active for a while and is quite popular, He added,” Closer to home here, of course we own Borgata, and at the end of this week, we’ll be taking mobile bets from Borgata and playMGM in New...

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Caesars Set To Launch Sports Betting In New Jersey and Mississippi
Jul31

Caesars Set To Launch Sports Betting In New Jersey and Mississippi

Following the major joint venture between MGM Resorts and GVC Holdings, Caesars Entertainment has announced it’s joining the sports betting party by starting sports betting operations in New Jersey this week. The move by Caesars is the latest by the biggest gambling companies in the market following the US Supreme Court decision in May that cleared the way for all 50 US states to offer legal sports betting if they decided to do so. As we have reported the last few months have been hectic as technology companies and gambling powerhouses battle to get the lion’s share in what many see as the biggest opportunity in real money gambling. Caesars-owned Bally Casino already started taking sports bets on Monday morning while Harrah’s will start on Wednesday. Mobile sport betting will also be offered at a later stage. In New Jersey the Borgata and Ocean Resort casinos are already offering sports betting. This is in addition to the two state horse racing tracks Monmouth park and Meadowlands. The plan is also to start offering sports betting in August at Harrah’s Golf Coast in Biloxi and Horseshoe Tunica in Mississippi. CEO of Caesars Entertainment Mark Frissora commented on the development sand said,” The recent Supreme Court ruling allows us to expand our sports betting digital and mobile offerings into new markets. We recognize that our customers expect exciting new experiences, which is why we will continue to offer new products through our mobile and digital platforms and inside our...

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GVC Shares Hit Record High Following Confirmation Of MGM Resorts Landmark Deal
Jul30

GVC Shares Hit Record High Following Confirmation Of MGM Resorts Landmark Deal

It has now been confirmed that the agreement reported over the weekend between GVC Holdings and MGM Resorts International has been inked. In terms of the deal GVC Holdings will supply the online betting platform for MGM resorts International who are the largest casino operator in the US. GVC has been looking to capitalize on the PASPA Supreme Court decision in May which has presented massive opportunities for British betting companies looking to offset the effects on increased restrictions at home. The major UK bookmakers like Ladbrokes Coral could be severely affected as a result of the planned crackdown on fixed odds betting terminals. At the time of this article going to publication GVC shares were up over 7 percent to reach 1.178 pence. As we reported earlier the joint venture will see each company invest $100 million initially with a US headquarters. The deal will grant GVC access to MGM Resorts’ International properties across 15 U.S. states with a population at over 90 million. MGM resorts CEO Jim Murren commented on the deal and said,” We are proud to join forces with GVC, the largest and most dynamic global online betting operator, with existing reputable and trusted operations in the U.S.” GVC Holdings CEO Kenneth Alexander commented on the landmark deal and said,” MGM Resorts is a world-leading entertainment business and the most trusted name in gaming, with the highest quality brands and management, and strong sports connectivity. This combined with GVC’s technology and experience in successfully building online gaming businesses across multiple markets presents a truly exciting opportunity for US players and our respective...

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GVC Holdings and MGM Resorts International Set To Sign Joint Venture Ahead Of Possible Merger
Jul28

GVC Holdings and MGM Resorts International Set To Sign Joint Venture Ahead Of Possible Merger

It is being reported that the world’s largest casino operator MGM Resorts International is on the verge of signing a joint venture with the UK’s largest bookmaker Ladbrokes Coral who are owned by GVC Holdings. According to initial reports the deal which should be completed by the end of the weekend will see the two companies sign a joint venture in which both firms will initially commit $100m to the joint venture. The deal will cover both online sports betting as well as other interactive gaming services in the US. MGM Resorts international is the largest casino operator and is valued at £13.4billion while GVC is valued at £6.29 billion. Many are of the opinion that the joint venture is just the first step towards a full-scale merger that would create a behemoth in the gambling industry. GVC Holdings are already the largest UK bookmaker following their acquisition of Ladbrokes Coral earlier in March this year and their brands include FoxyBingo, PartyCasino and SportingBet. The US Sports betting market is potentially worth billions. In the past we have reported on this in depth with many believing it would take years until the market was legalized. In the space of just a few months the sports betting market in the US has erupted in a frenzy following the PASPA Supreme Court decision. The race is on for major sportsbook and gaming players in general to get in on what many dub the” Gold Rush” of gambling at the moment. Some of the key players already in the race include SBTech, DraftKings, FanDuel and Kambi. As of the time of this article going to publication GVC did confirm that there discussions “ are at an advanced...

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Bookmakers Set To Receive £1Billion Tax Rebate In FOBT Victory
Jul26

Bookmakers Set To Receive £1Billion Tax Rebate In FOBT Victory

UK bookmakers have got reason to celebrate as they claim a rare victory against the tax man. As our regular readers are aware, the fixed odds betting terminal controversy is still in the headlines as the government has delayed the new restrictions on maximum wagers. Bookmakers like Betfred are heavily dependent on these cash cows and any delay in implementing restrictions is a welcome relief. Betfred however have gone one step further in that they have succeeded in getting a massive tax rebate as a court ruled they were wrongly charged VAT on revenues from FOBTS. A tax tribunal ruled that the collection of Vat on FOBTs between 2005 and 2013 had “breached the principle of fiscal neutrality” because similar roulette style games played in casinos were exempt from the specific tax. In response to the ruling a spokesperson for HMRC declined to confirm or deny their appeal against the verdict but did say that they were giving it “careful consideration”. The ramifications of this hearing are significant as other bookmakers will take the lead of Betfred and also look for tax rebates that could be as much as £1 billion. Betfred alone is expected to receive in the region of £100m according to industry experts. Needless to say this latest reprieve for Betfred has got anti FOBT campaigners up in arms as it follows the delay of the maximum wag cut in FOBTs. Spokesman for Fairer Gambling Matt Zarb- Cousin said, ”Instead of giving the bookies a double win, Treasury should instead put the tax for remote [online] gambling up to at least 25% in the budget this year and enact a £2 stake on FOBTs by April...

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