Tag: gambling

Playtech Earnings to Take a Hit Due to Tax Hikes in Italy

playtech
December 25, 2018

2018 has been a rather torrid year for renowned gambling firm, Playtech (PTEC) and it looks like 2019 might turn out to be an even worse period for the company. This news comes in the wake of a recent announcement by the company where they revealed that a hefty impact on their 2019 profits thanks to new gambling tax hikes in Italy. The company said that it expects its 2019 adjusted EBITDA to fall by about $22.7 million after the Italian Senate passed the government’s 2019 budget which includes legislation to increase taxes on various types of gambling activities. The… Read More

Swedish Gambling Authority Issues More Gaming Licenses

sweden-gambling
December 18, 2018

Lotteriinspektionen, Sweden’s gambling authority has awarded five more gambling operators licenses to operate in the country’s regulated gambling market. This is perhaps part of the country’s preparation as it comes closes to launch of its much-awaited liberalized online gambling market – the laws pertaining to this development are expected to be implemented in less than a month. As it stands, the total number of licenses that have been issued by the gambling authority is 31 which is pretty impressive especially considering the fact that the newly liberalized gambling market is expected to go live by January 1. A few other… Read More

Bitcasino.io Launches Enhanced Crypto Casino Site

bitcasino
December 4, 2018

Crypto-powered casinos are becoming more and more popular, something that, though expected, has happened faster than anyone had imagined it would. This is great for both the industry and the customers simply because, with so much competition in the market, operators will definitely be kept on toes as they try to beat each other by introducing more user-centered features. As it stands, Bitcasino.io, a leading licensed bitcoin-centered casino owned by the Coingaming Group, is all the buzz thanks to the relaunch of its gaming platform. Bitcasino.io’s revamped site now offers players the fastest and most user-friendly experiences in the market…. Read More

Macau’s Police Cast a Loan-Sharking Net

Macau
June 30, 2018

Macau’s target audience has changed since the Chinese government started their crackdown. Casinos are targeting mass market gamblers instead of VIPs. But, the crackdown is far from over. Loan sharks throughout Asia, including in Macau tend to imprison debtors until their family will pay. Macau is attempting to root out all the loan sharks conducting illegal business and put them in prison. The latest situation occurred on Thursday, June 28, 2018. Police arrested 113 suspects, who are thought to be involved in loan-sharking. The Judiciary Police have worked hard in Macau to find the individuals who are involved in loan-sharking…. Read More