Archive for June, 2016

Chinese E-Commerce Site Taobao Bans Proposition Betting on Taylor Swift-Tom Hiddleston Relationship
June 30th, 2016 By April Bergman

Chinese E-Commerce Site Taobao Bans Proposition Betting on Taylor Swift-Tom Hiddleston Relationship

The Chinese website Taobao has banned vendors from offering “insurance policies” on the romantic relationship between American pop singer Taylor Swift and English actor Tom Hiddleston. Taobao insurance policies are considered a form of proposition betting by the Chinese government. Taobao is an EBay-style auction site for residents of China. The site allows people to […]

Wynn Palace Set to Open on August 22 on the Cotai Strip in Macau
June 28th, 2016 By April Bergman

Wynn Palace Set to Open on August 22 on the Cotai Strip in Macau

Wynn Palace is set to open on August 22 on the Cotai Peninsula in China’s gambling city, Macau. The decision to open in late August was announced, despite Wynn Resorts still having no indication how many gaming tables the casino will have. The announcement of a grand opening is a relief to investors, who have […]

DraftKings Rollout in the United Kingdom Has Failed to Gain Traction
June 24th, 2016 By April Bergman

DraftKings Rollout in the United Kingdom Has Failed to Gain Traction

DraftKings’s expansion into the United Kingdom does not appear to be a success in its early phases. DraftKings launched operations in the UK in February 2016 with significant fanfare and advertisment. Analysts who have studied the company’s first four month of business say DraftKings is struggling, though. DraftKings is the 2nd-largest daily fantasy sports website […]

Fitch Ratings Gives Crown Resorts a “Rating Watch Negative” for Its Melco Crown De-Merger
June 22nd, 2016 By April Bergman

Fitch Ratings Gives Crown Resorts a “Rating Watch Negative” for Its Melco Crown De-Merger

The international credit ratings agency, Fitch Ratings, has given Crown Resorts a Rating Watch Negative. The decision to downgrade the Australian casino company’s financial ratings was made after Crown announced plans to de-merger its most significant international assets. Crown Resorts owns the Crown Complex in Melbourne, along with the Crown Perth. It holds other assets […]

Odds on the Brexit Vote from the Major United Kingdom Sportsbooks
June 20th, 2016 By April Bergman

Odds on the Brexit Vote from the Major United Kingdom Sportsbooks

With the United Kingdom’s referendum on whether to remain in the European Union coming this week, the British bookmakers say most bettors are gambling on the “Remain” possibility. The vote, called “Brexit” for “British Exit”, is still considered an unpredictable betting proposition at the moment. Polls earlier in the month showed that the vote was […]

Saipan Wants to Become the Next Asian Gambling Destination
June 16th, 2016 By April Bergman

Saipan Wants to Become the Next Asian Gambling Destination

Saipan is seeking to become the next casino gambling hub. Saipan’s Casino Control Commission has passed laws in the past calendar year to allow “rolling chip” operations, in order to facilitate Macau-style VIP gambling. Macau is the Chinese gaming enclave which is still the number one gambling destination in the world, though Macau’s gaming industry […]

Ladbrokes Pulls Live In-Play Betting Apps in Australian Gaming Market
June 13th, 2016 By April Bergman

Ladbrokes Pulls Live In-Play Betting Apps in Australian Gaming Market

Ladbrokes has pulled its live betting apps from the Australian gaming market after the country banned instant online betting on live sports. Ladbrokes, the UK bookmaker which has been in operation since 1886, accused the Australian government of favoriing its domestic lottery monopolies, Tabcorp and Tatts Group. The Australian federal government recently strengthened a ban […]

Bet365 Receives $2.75 Million Fine by Australian Judge for Deceptive Advertisements
June 10th, 2016 By April Bergman

Bet365 Receives $2.75 Million Fine by Australian Judge for Deceptive Advertisements

Online gambling website Bet365 was hit with $2.75 million fine by an Australian court for luring gambling with false “free bet” offers. A judge in Federal Court ruled that Bet365 lured consumers with a deceptive ad campaign between March 2013 and January 2014. The advertisements failed to prominently display a key condition of the offer […]

Russia’s Taxes on Gambling Increase for a 5th Straight Year
June 8th, 2016 By April Bergman

Russia’s Taxes on Gambling Increase for a 5th Straight Year

Betting Business Russia released statistics this week which showed Russia’s gambling taxes increased for the fifth straight year. Despite the incremental increases in gaming revenues, the numbers pale in comparison to those obtained before the Putin government banned most forms of gambling in the Russian Federation. The Russian Federation’s gaming taxes last year amounted to […]

NetEnt Pulls out of Canadian Market and Ends Deals with Betspin, Rizk, and Guts Casino
June 6th, 2016 By April Bergman

NetEnt Pulls out of Canadian Market and Ends Deals with Betspin, Rizk, and Guts Casino

Swedish gaming software developer Net Entertainment said it would no longer supply its product to three Canadian online casinos: Gutz Casino, Rizk Casino, and Betspin. NetEnt decided to pull out of the Canadian gaming market, because regulations inside Canada are in a bit of a limbo. To avoid even the possibility of legal violations, NetEnt […]

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Online Casino News Monthly Archive
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