On Wednesday, Kenyan President Uhuru Kenyatta officially signed the Finance Bill 2017 that will impose a tax of 35% of gross profit on all gambling activities in the country. A week ago, the President rejected the previous version of the bill because he did not agree on the proposed tax rate as he proposed a […]

Even if all that Brexit business was in 2016, Brexit negotiations began on Monday with Theresa May and her team seeking to negotiate Britain’s exit from the EU. The worst-case scenario is the fragmentation of the UK and European markets as a result the companies with the most reliant on European revenues will be affected […]

The Gibraltar Betting and Gaming Association (GBGA) has been dealt a blow following the European Court of Justice (CJEU) ruling that the principle of freedom to provide services does not apply between the territory and the UK and that the provision of services by Gibraltar operators to customers in the UK is “a situation confined […]

Spanish gaming supplier R. Franco, signs a new deal to provide its omni-channel sports betting and gaming platform with Colombian operator Corredor Empresarial S.A. Under the terms of the agreement, Corredor Empresarial will implement R. Franco Digital with omni-channel platform together with a wide portfolio of betting markets and online casino games. Corredor Empresarial has […]

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 […]