Catena Media has reported year-on-year growth across various key financials during the second quarter, while also experiencing a hike in new depositing customers. Revenue during the six months to June 30 came in at €15.1m ($17.7m), up 58% on the corresponding period last year. Operating profit climbed from €5.1m to €5.4m, while adjusted operating profit,…
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A review board in New South Wales has recommended that a mandatory investigation into the activities of the state’s casino licensees be scrapped, according to reports in the local press. The review was commissioned following government approval of Crown Resorts proposal to build a A$2bn integrated resort in Sydney’s Barangaroo precinct. It calls for the…
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The American Gaming Association (AGA) has issued an updated and modernised code of conduct on responsible gaming, following the success of its 2017 responsible gaming week. Its updated codes includes provisions on employee assistance and training, alcohol service, the provision of casino games in person and online, and casino gambling advertising and marketing.
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Revenue generated by New Jersey’s online casinos rose to over $600m in total since their legalisation in November 2013. The month of July saw New Jersey’s online casinos create over $3.6m in tax revenue, while the introduction of two new online operators, playMGM and Scores, helped to see gross profits in the month rise up…
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Czech Republic.- European authorities have announced major crackdown on illegal gaming operations as unlicensed platforms have been blocked in Poland, Slovakia and Czech Republic. Under recently approved regulations, three administrations decided to introduce ISP blocking to end unauthorised gaming operations. Although ISP blocking has been criticised by internet, the European governments are reinforcing the legal…
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Cyprus is experiencing nothing short of a tourism revolution. And, the gaming industry is leading it. Casinos have become one of the island’s major providers as a part of the new tourism strategy which aims to double visitor arrivals, triple its revenue and attract over €20bn of investment by 2030. The hospitality sector is undergoing…
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Reference is made to the White Paper published on 12 July 2017 by the Malta Gaming Authority, proposing major reforms to Malta’s Gaming Legal Framework. The MGA is hereby advising interested parties that the consultation period is being extended from Wednesday 23 August 2017 to close of business on Monday 4 September 2017.
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Australia has proposed a new regulation to limit iGaming services. Legislation would prohibit financial credits for local players at online gaming platforms, which include casino and sports betting sites. The amendment has already been presented in Parliament and it expected to be approved later today. The new bill would handle local operations as well as…
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Malta’s financial regulator has issued a warning aimed to deter cryptocurrency adoption following the installation of the Malta’s first bitcoin ATM. Although the statement asserts that bitcoin is not regulated or authorized, it does not make threats against those who choose to use cryptocurrency. The Media Coverage Garnered by the Nation’s First Bitcoin ATM Has…
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New Jersey Senator Ray Lesniak has revealed plans to introduce a bill that would allow the US state to share player pools with other regulated markets around the world. Speaking to local New Jersey media, Lesniak said that although his bill had not yet been written, the legislative piece would seek to remove a clause…
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