Financial – Page 155 | Global Gaming Insider

paddy power betfair to pay 2 million pound settlement to gambling commission for social responsibility failings

Paddy Power and Betfair to pay £2m settlement for social responsibility failings

An investigation by the Gambling Commission discovered numerous breaches of licensing conditions between August 2023 and May 2024.

5 min read • Dec 17 • By Rory Calland

Michigan generates $335.7m of iGaming, sports betting revenue for November

Michigan iGaming, sports betting revenue hits $335.7m for November

The figure represents an 18.1% increase from the prior year period, with iGaming operations having accounted for $248.4m throughout November, equating to growth of 9.9%.

3 min read • Dec 16 • By Kirk Geller

Financial Online + 3 more

KPMG: Taxes and operating costs as much of a threat as prediction markets

Speakers such as US Gaming Leader and Las Vegas Managing Partner Rick Arpin took part in a webcast, touching on the most prominent news in gaming and recent tax provisions.

7 min read • Dec 16 • By Kirk Geller

Allywn to no longer receive OPAP preference shares in merger transaction

Financial Mergers & Acquisition + 1 more

Allwyn to no longer receive OPAP preference shares in merger transaction

Allwyn originally announced its agreement with the Greek operator on 13 October, part of a transaction which generated a combined equity figure of $18.6bn between the two entities.

3 min read • Dec 16 • By Kirk Geller

Legal & Regulatory Financial + 5 more

New Jersey increases gaming revenue 14.2% for November

The $636.2m of total gaming revenue reported for November was primarily generated by iGaming operations, which accounted for $253m and increased 18.2% from the prior year period.

5 min read • Dec 16 • By Kirk Geller

uk health department ignored requests from the office for statistical regulation to clarify its gambling harms costs figures

Responsible Gambling Legal & Regulatory + 1 more

Did a failure to clarify gambling costs influence the Autumn Budget?

An FOI request reveals how the UK Office for Health Improvement and Disparities (OHID) blanked requests from the Office for Statistics Regulation (OSR) to clarify its figures on the costs of gambling-related harm.

7 min read • Dec 16 • By Rory Calland

Legal & Regulatory Financial + 2 more

Interim Norfolk property helps Virginia casino revenue rise 31.4% for November

The temporary gaming hall contributed just over $1.4m of casino revenue throughout November, while Caesars Virginia revenue climbed 70.5% year-over-year for a total of $33.7m.

3 min read • Dec 15 • By Kirk Geller

Financial Casino + 2 more

Sightline introduces new payments ecosystem with i2c

The new ecosystem attempts to offer a more 'adaptive approach' to transaction authorization, as well as provide greater security and efficiency through a debit card issued by Cross River.

3 min read • Dec 15 • By Kirk Geller