April 23, 2023

Oklahoma Senate rejects advancement of sports betting bill

Although House Bill 1027 successfully passed in the House, the Senate has expressed the need for additional discussions with tribes, preventing the bill from advancing further. Oklahoma’s House Bill 1027, sponsored by state representative Ken Luttrell, did not progress beyond the Senate committee before the deadline, resulting in its failure. As a result, sports betting […]

April 22, 2023

The Nevada Gaming Commission to Amend or Remove 24 Regulations

According to the Las Vegas Review-Journal, the Nevada Gaming Commission has unanimously identified two sets of gaming regulations that will be considered for modification or elimination in the near future. During Tuesday’s session, Commissioner Steven Cohen also bid farewell as he completed his four-year term on the Commission. After being appointed to the Commission in […]

April 22, 2023

Concealed Goa Casino Advertisements During G20 Summit

Goa Boasts Ten Onshore and Six Offshore Casinos in Full Swing, Government’s Move to Conceal Casino Branding during G20 Meetings Raises Eyebrows. The G20 Meetings in Goa See Participation from Over 180 Representatives, Former Mayor Expresses Surprise at Government Covering Casino Branding With delegates from 19 member countries, ten invited states, and 22 international organizations […]

April 22, 2023

Morgan Stanley forecasts that Genting Singapore’s Q1 EBITDA will reach approximately US$201 million

Morgan Stanley‘s projection indicates a quarter-on-quarter improvement of approximately 4% for Genting Singapore’s Q1 EBITDA. Furthermore, this estimate surpasses the market consensus of SGD 252 million. As per Morgan Stanley’s forecast, Genting Singapore is anticipated to generate SGD 268 million (equivalent to US$ 201 million) in Earnings Before Interest, Taxes, and Depreciation (EBITDA) for the […]

April 22, 2023

Macau Introduces New Legislation on Casino Credit and Junket Agreements

The Macau government has introduced a bill that, if approved, would replace an existing gaming credit law. The proposed bill specifically requires junket operators to establish formal contracts when extending credit to players. This is part of the government’s efforts to regulate and oversee the junket industry, potentially mitigating risks associated with illegal activities and […]

April 22, 2023

Levo Chan receives a 14-year prison term

Levo Chan Weng Lin, the ex-leader of Tak Chun Group, a junket operator, was arrested in January 2022 on charges of organized crime, illegal gaming activities, fraud, and money laundering. Levo Chan Weng Lin, the former leader of the now-defunct Tak Chun Group junket operator, has been sentenced by the Macau Court of First Instance […]

April 21, 2023

Seven companies face fines from the French gambling regulatory authority

The ANJ, France’s national gambling regulatory authority, has fined seven online sports betting operators for exceeding the mandatory player return rate (TRJ) ceiling. The regulatory body has issued warnings and imposed financial penalties on these operators for not adhering to the TRJ limits set by the country’s gambling regulations. After investigating the activities of the […]