It’s been a year since Germany first made a move to legitimize online gambling. However, the country hasn’t been in a hurry. It took a year for it to issue three licenses, but has now announced that nine more operators will soon be able to launch.
Gaming officials in Ontario Thursday announced DraftKings had been fined CAD 100,000 ($77,569). That’s after it was alleged the Boston-based sports betting operator violated the Canadian province’s regulations regarding promotions.
A financial advisor in Australia who was supposed to be helping a client turn her income into life-saving earnings used it instead to feed his alcohol and gambling lifestyle. He’ll go to jail for his crimes, according to The Guardian. But that won’t help the client recuperate the AU$363,000 (US$230,000) she lost.
India has apparently realized that it’s missing out on a potential revenue waterfall by continuing to block online gambling. As a result, it has formed a government panel to consider the different angles from which to approach legalization.
The California Secretary of State’s office announced Monday evening that a petition seeking a constitutional amendment to legalize online sports betting has cleared the necessary signature threshold. That makes it eligible for placement on the Nov. 8 general election ballot.
Argentina’s online gambling segment continues to take shape. Several regions of the country have begun introducing the activity, and the province of Cordoba is ready to join them.
The Consumer Discretionary Select Sector Index is off 25% year-to-date, and gaming stocks are among the drags on that benchmark. But at least one research firm sees shares of casino operators as the best bets in the consumer cyclical space.
The American Gaming Association (AGA) recently released its annual “State of the States” report.
BetMGM hopes to give the World Series of Poker (WSOP) a run for its money this summer. The leading iGaming and online sportsbook operator this week announced the debut of its annual BetMGM Poker Championship, which will take place June 23-26 at ARIA Resort & Casino in Las Vegas.
A recent match-fixing scandal involving Argentina’s El Porvenir soccer team may be larger than anyone realized. New details are emerging that have prosecutors scrambling for answers.