iGaming Business News

GR8 Tech has expanded its virtual sports lineup with a new virtual basketball game on its ULTIM8 Sportsbook platform. This follows earlier launches like virtual horse racing and virtual cricket roulette, which mixes casino-style features with cricket. These releases are part of the company’s ongoing investment in virtual sports. The company says the goal is […]

The Malta Gaming Authority has issued a warning about two websites that are falsely claiming to be licensed by the regulator. It said that the domains lavbet321.com and kasinoseta.com have no connection to the MGA and that the claims made by these sites are misleading. The Authority explained that this notice is part of its […]

Remote gaming duty jumps from 21% to 40% while general betting duty rises from 15% to 25%. UK gambling operators attack government decisions about higher tax rates for the sector. Several big companies express worries about the long-term effects of increased taxes. Remote gaming duty increases from 21% to 40% among gambling-specific changes. New general betting duty […]

Massachusetts residents wagered 19.3% more on sports compared to October 2024. October brought $892.2 million in total sports betting handle to Massachusetts. Several US states, including the Bay State, achieved record betting figures last month. The new record surpasses September’s $800.3 million mark by 11.5%. Players bet $748.1 million during October 2024 based on Massachusetts Gaming Commission […]

The government says KNU-linked projects enabled foreign-run casinos and online scam hubs. Myanmar released a statement describing illegal gambling and online fraud operations in Myawady Township. The government claims KNU leaders directly leased state land to foreign actors and protected casino operators. The Ministry of Information reports these activities grew after armed groups exploited weak security conditions […]

Robinhood and Susquehanna International Group are joining forces to create their own futures and derivatives exchange, along with a clearinghouse. They plan to build the new business after buying a 90 percent stake in LedgerX, a licensed and CFTC regulated platform that was once owned by Miami International Holdings. The price of the deal was […]

Evoke is considering selling its online gambling business in Italy as the UK prepares to introduce a big tax increase on betting companies. Sky News reports that the company has brought in Morgan Stanley to explore possible options. Sources say this is only a backup plan to support Evoke’s finances if the new tax puts […]

Brazil’s regulated betting market produced almost BRL8 billion after launching on 1 January. Tax revenue from Brazil’s regulated betting market totalled BRL1.09 billion ($202.7 million) in October. September’s total exceeded this figure. The Federal Revenue Service released monthly tax data on Monday. The BRL1.09 billion marked a 9.4% decline from September’s BRL1.21 billion. Total market […]

The UAE Lottery company built TrueWin and Dream Island. AGBI checked the records about these platforms. Each website has casino games and sports betting. Live dealer games, poker, roulette and slots exist on the casino side. Football, tennis, cricket and basketball bets happen on the sportsbook. More sports are available. These sites belong to Momentum. […]

The gambling regulator in Victoria urged venue operators to verify trading hour compliance. Clubs and hotels risk receiving fines or censure for regulatory breaches. Victorian Gambling and Casino Control Commission (VGCCC) CEO Suzy Neilan leads enforcement efforts. Early compliance becomes essential during extremely busy festive trading periods. The VGCCC implemented disciplinary measures against venues throughout […]