Greek gaming and betting operator and Europe’s 4th biggest betting firm Opap reported on Monday an 8.7% drop in net profit for the first quarter of 2017, as it is hurt by costs for the rollout of a new video lottery business. Opap said its net profit for the first quarter of 2017 came in […]

Bitcoin price topped $3,000 on Sunday afternoon according to CoinDesk’s Bitcoin Price Index (BPI), for the first time in history, continuing this year’s massive surge. After spending much of the last week seeking direction in the $2,700 to $2,900-range, the cryptocurrency climbed to a new all-time high of $3,012.05, gaining an additional 15% this week. […]

BEIJING – 76 entertainment venues have been shut down across China while 26 others had their operations suspended during a crackdown on gambling launched by the Ministry of Culture (MOC), Chinese media outlets reported. This year 100,000 law enforcement officers have investigated more than 38,000 entertainment venues nationwide and busted 355 cases, according to the […]

The Philippine Amusement and Gaming Corporation (PAGCOR) is looking to limit the number of the online offshore gaming licences to 50 in order to avoid “oversaturation” in the industry, as per the local media. Assistant Vice-president of PAGCOR’s Philippine Offshore Gaming Operators (POGO), Jose S. Tria Jr., told reporters that his agency is considering to […]

The German state of Hesse’s efforts to allow sportsbook operators a way into the country’s sports betting market has been paused by the Administrative Court of Kassel. Since that permanent regulations are not in force, the court decided that the state is not entitled to demand operators secure a Duldung (toleration) to continue offering their […]

The Estonian gambling operator Olympic Entertainment Group (OEG) has announced that it has completed the liquidation of Olympic Casino Bel IP in Belarus which it is now totally removed from. “OEG has completed the liquidation of its Belarusian subsidiary Olympic Casino Bel IP. The aim of the liquidation was the adjustment of the group’s structure. […]

The Department of Trade and Industry (DTI) said on Saturday that it had confiscated the winnings of several gamblers who won a total amount of R1.25m in online gambling sites. Minister of Trade and Industry Rob Davies had previously cautioned that online gambling was illegal and that their winnings would be forfeited to the State […]

Philippine casinos and online gaming operators will face new AML (Anti-Money Laundering) rules as the legislators try to limit the industry’s freewheeling reputation. The Philippine Senate is about to approve amendments to the Anti-Money Laundering Act (AMLA) after a pressure by Senator Chiz Escudero who is the chairman of the Senate Committee on Banks, Financial […]

The online gaming operator GVC Holdings has withdrawn its application for a licence from the Czech Ministry of Finance, as it has said the country’s new licensing regime is unworkable. Last week GVC informed its players living in the Czech Republic through the gaming sites of Bwin and PartyPoker that it has withdrawn its licence […]

Bitcoin hits a new price record as it has reached the amount of $2,185.89 per coin in the early hours of Monday morning. Bitcoin was trading for about $1,300 per coin at the end of April and now, three weeks later it jumped to $2,000 per coin. The cryptocurrency’s market capitalization has climbed to $33 […]

The Cyprus Government grants casino licence to the consortium between Macau’s Melco and Hard Rock on Thursday 18th, to construct and operate a €500-million integrated resort in Limassol and set up satellite casinos in the other towns of the island, Nicosia, Larnaca, Famagusta, and Paphos. It is believed that the casino resort isn’t expected to […]

The Gibraltar-based firm 888 Holdings Plc, has announced on Monday that its UK licence is under investigation by the UK Gambling Commission (UKGC). 888’s shares fall by 8% as the annoyed shareholders tried to collect the winnings they had won before the investigations began. In a statement on its website, 888 said that the review […]