Financial – Page 48 | Global Gaming Insider

Inbound tourism from China boosts Korean casino visitation

Analytical reports suggest a H2 surge in Chinese group travel to South Korea could boost casino revenues in the nation.

1 min read • Jul 13 • By Will Underwood

New York online sports betting generates $116.8m GGR for June, decreases 43.5%

FanDuel barely edged out DraftKings with just over $42.7m of revenue for June, equating to a decrease of 50.5%, while the Massachusetts-based operator’s GGR fell 40.5% to $41.6m.

1 min read • Jul 10 • By Kirk Geller

Responsible Gambling Legal & Regulatory + 4 more

ADG takes ‘decisive action’ against operators linked to underage gambling, illegal activity

The Arizona regulator issued five cease-and-desist orders against BetOpenly, Bookmaker, Club WPT Online Poker, Kutt and Raffle Creator, directing each to ‘immediately stop’ all operations.

1 min read • Jul 10 • By Kirk Geller

Legal & Regulatory Financial + 3 more

So it begins: Is North Carolina’s CFTC ruling a sign of things to come?

The Tar Heel state brought an end to its prediction market debate this week, granting the CFTC ‘exclusive’ regulatory authority in exchange for a 6% tax on trading revenues.

4 min read • Jul 10 • By Will Underwood

Financial Land Based + 3 more

Sports wagering revenue in Maryland falls 17.6% to $38.2m for June

Mobile betting operations accounted for the vast majority of taxable win generated during June with $37.9m, while Maryland’s total wagering handle increased 29.6% to just over $523.3m.

2 min read • Jul 10 • By Kirk Geller

Responsible Gambling Legal & Regulatory + 4 more

Is 1% enough? Brazil prosecutor pushes for higher betting tax for gambling treatment

Brazil’s Federal Public Prosecutor’s Office (MPF) has called for a larger share of betting tax revenue to be allocated to the country’s public healthcare system.

1 min read • Jul 10 • By Layla Victoria

Responsible Gambling Legal & Regulatory + 2 more

Nearly 4 million Brazilians are now barred from betting

Almost four million Brazilians are currently prohibited from accessing licensed betting platforms, according to new figures released by Brazil’s Ministry of Finance.

1 min read • Jul 10 • By Layla Victoria

Legal & Regulatory Financial + 3 more

Blaze and Virginia Fonseca face another $23m lawsuit over alleged betting abuses

Brazil’s Public Prosecutor’s Office has filed a civil lawsuit against Blaze and influencer Virginia Fonseca, alleging abusive betting practices.

1 min read • Jul 10 • By Layla Victoria

Legal & Regulatory Financial + 2 more

EGBA files complaint over alleged payments to illegal gambling sites

The European Gaming and Betting Association has submitted a complaint to Lithuania’s central bank over alleged payment processing for illegal gambling sites, calling for broader action across the payments sector.

1 min read • Jul 10 • By Jack Found