Financial
Online Games of Chance vs Games of Skill: What Supreme Court Staying Karnataka High Court Order Means
Essentially, the SC stay indicates that online skill games played for stakes are at par with online gambling when it comes to matters of taxation, as of now. New Delhi, India (September 10, 2023) &...
Dutch Gaming Authority Conducts Market-Wide Research Into Cashback Bonuses
THE HAGUE (September 8, 2023) — De Kansspelautoriteit (Ksa), The Dutch Gaming Authority has started a market-wide investigation into cashback bonuses following a recent signal. The cashback ...
Gaming Contribution to Macau Local Economy Drops 51 Percent in 2022
MACAU, SAR (September 8, 2023) — Gross value added that gaming sector contributed to the overall economy plummeted by 51.6 per cent year-on-year to MOP30.37 billion (US$3.76 billion) in 2022,...
A Member of the Legislative Body Criticizes the Filing Charges Against Pagcor Chairman
MANILA, Philippines (September 9, 2023) — According to a local media outlet Cavite Rep. Elpidio Barzaga Jr. slammed the filing of what he termed as “trumped-up” charges against the chairm...
BCLC Releases 2022/23 Annual Service Plan Report and Accountability Disclosure Reports
CANADA (September, 2023) –BCLC delivered a record-breaking net income of $1.636 billion last fiscal year, of which $1.624 billion was delivered to the Province of B.C. and $12 million to the ...
Cabinet Sanctions Amendments For Introducing 28% GST On Online Gaming
INDIA (August 25, 2023) Background Pursuant to the recommendation of the 50th GST Council Meeting held on July 11, 2023 concerning the imposition of consistent 28% GST rate on all actionable claims...
Danske Spil Report Satisfactory Half-Year Accounts and Continued Focus on Healthy Gambling Habits
DENMARK (September 5, 2023) — Danske Spil’s half-year accounts show progress compared to the same period in 2022. The progress is mainly due to positive development for Danske Lotteri ...
PAGCOR Chief Welcomes Reported Filing of Charges over Alleged PHP75-M Missing Cash Bond
PHILIPPINES (September 6, 2023) — Philippine Amusement and Gaming Corporation (PAGCOR) Chairman Alejandro H. Tengco today said he welcomes the reported filing of charges against him and previ...
Allwyn International Q2 2023 Preliminary Unaudited Results and Update on Current Trading
Lucerne, Switzerland (September 6, 2023) — Allwyn International a.s. (“Allwyn” or the “Company”, and, together with its subsidiaries, joint ventures and associates, the “Group” or...
Upcoming Event on Anti-Money Laundering: Case-Based Training
Odense C, Denmark (September 1, 2023) — The Danish Business Authority, the Danish Security and Intelligence Service, the Danish Financial Intelligence Unit, the Danish Gambling Authority, th...
Information Commissioner’s Office Open Letter to UK Finance: A Call for Responsible Data Sharing in the Gambling Industry
United Kingdom (September 5, 2023) — In recent years, the gambling industry has seen significant growth, with online betting and gaming platforms becoming increasingly popular. However, this...
DGOJ Information for the Introduction of a System of Joint Deposit Limits Per Player
Public Information on the Draft Royal Decree Amending Royal Decree 1614/2011, of November 14, for the Introduction of a System of Joint Deposit Limits Per Player SPAIN (September 1, 2023) — F...
July 2023 Unveils Unprecedented Revenue Surge in New Jersey’s Thriving Online Gaming Scene
TLANTIC CITY, N.J., Aug. 30, 2023 /PRNewswire/ — In a heartening homage to the Garden State’s unwavering devotion to online casino gaming, Oddsseeker.com reports that July 2023 ha...
INTRALOT Announces EBITDA Growth +14% y-o-y and Positive Earnings After Tax €4.4m in 1H23
ATHENS, Greece (August 31, 2023) — INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the six-month ...
Veikkaus Release Interim Financial Report for the Period January-June: Veikkaus’ Revenue Growing
HELSINKI, Finland (August 29, 2023) — Veikkaus Oy’s gross gaming revenue (EUR 519.0 million) increased by 0.6 per cent for the period January–June compared to the same period the pr...
Coljuegos Signs Inter-Institutional Cooperation Agreement with the UIAF and “Agreements for Legality”
Emphasis on the fight, prevention and detection of possible money laundering operations, financing of terrorism and financing of the proliferation of weapons of massive destruction. The agreement...
Supreme Court Upholds a Commission on Audit Ruling that Disallowed Pagcor’s Financial Assistance for a Flood Control Project in Laguna
MANILA, Philippines (August 28, 2023) — According to local media outlets the Supreme Court (SC) has upheld a Commission on Audit (CoA) ruling that disallowed financial assistance paid by form...
Landmark Reforms to Reduce Gambling Related Harm and Money Laundering
Overview By the end of 2025, Victorians will have the strongest gambling harm protections in Australia. The Victorian Government has announced new reforms to reduce gambling harm and money launderi...
BCLC Collaborates with Deloitte for Second Social Purpose Study
Paper Shares How Risk and Internal Audit Function in Purpose-Driven Companies BCLC’s journey to embed its social purpose into operations has highlighted opportunities to learn more and share less...
