The activist investor Carl Icahn revealed his plans to sell the closed Trump Taj Mahal casino in Atlantic City. Currently, the billionaire is a special adviser to the US President Trump, who originally owned the casino. It is most likely for Icahn to sell the Taj Mahal casino at a loss, which is still preferable instead of make a further investment of between $100 and $200 to make the casino going once again. The casino was closed by the activist investor in October 2016, after facing some difficulties. At this…
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GambleAware-Funded Research Proves £50 FOBTs Regulation as Inefficient
The leading UK charity organisation GambleAware announced that it has funded a new research on the £50 Regulations of the Fixed-Odds Betting Terminals (FOBTs) on the territory of the country. According to the press release issued by GambleAware on the matter, the fact that more players who became more oriented towards the lower minimum stake of £50 does not necessarily mean that they have become more responsible in terms of their gambling habits or the eventual harm that could be inflicted has been minimised. The Chief Executive Officer of GambleAware…
Read MoreSBIF Celebrates “Good Progress” in Its First Annual Report
The Sports Betting Integrity Forum (SBIF) announced the official report of its Sport and Sports Betting Integrity Action Plan for 2016. The Sports Betting Integrity Forum is a special structure that represents a number of companies and organisations, including the UK Gambling Commission (UKGC), the British Horseracing Authority (BHA), Paddy Power Betfair, Ladbrokes Coral, bet365, the Association of British Bookmakers, etc. It was established in 2012, with its major focus set on keeping sport and sports betting protected from corruption. The SBI Action Plan, which comes for short of Sport…
Read MoreNevada Casino Revenue Increases amid Challenging 2016
Poker rooms in Nevada may have faced a tough year, but the state’s market had a steady performance over 2016. The Nevada Gaming Control Board released some statistics, revealing the earnings of the state’s casinos generated over 2016. According to a recent research of the University of Nevada Las Vegas Center for Gaming Research, until the middle of December 2016, a total of 73 poker rooms with a combined 661 tables existed on the territory of the state. That was reported as the lowest number of poker rooms in the…
Read MoreTypes of Bingo Operating Licences Issued by UKGC
As reported by Casino Guardian on previous occasions, there are three types of operating licences that are currently granted by the Great Britain’s main gambling regulatory body. The UK Gambling Commission is entitled with the powers to issue all three types of licences for all kinds of gambling businesses across the country. Here are the types of operating licences issued by the UKGC in terms of Bingo operations: Bingo Bingo is a game of probability, which allows players to try to predict a range of numbers that are drawn at…
Read MoreNew Regulatory Rules Endanger Australian Online Poker Industry
Over the last couple of weeks, Australian online poker players shared their concern over the situation in the country, considering the fact that the Government is expected to pass new rules over the upcoming weeks. The legislation changes would force foreign gambling websites to comply with new regulatory requirements in order to operate in the Australian gambling market. Some changes in the current legislation are planned to be implemented during the next sitting of the Parliament, and local online poker players fear that the amendments would make the leading offshore…
Read MoreASA Bans Lottoland’s Ad for Misleading Content
The Advertising Standards Authority (ASA) issued a ruling on an accusation filed against EU Lotto Ltd, trading as Lottoland. The complaint was filed in relation to a radio advert of Lottoland, heard on 27th September 2016. The ad featured a voice-over, according to which EuroMillions costed £2 at Lottoland, and the Friday’s jackpot was £100 million. The advert also called potential customers to download the brand’s application or visit its official website to get their first bet free of charge. Then, there was another voice-over which referred to the legal…
Read MoreUK Bookmakers Raise Voices against Parliamentary Group FOBTs Report
The majority of the UK bookmakers had demonstrated negative reactions to a report issued by the All Party Parliamentary Group on Fixed Odds Betting Terminals (FOBTs). The inquiry report called “Fixed Odds Betting Terminals – Assessing the Impact” received rather angry reactions from the Association of British Bookmakers, which even demanded for an urgent review of the report under the consideration it could have been deliberately flawed. According to the UK bookmakers, the report has been funded by certain people that would draw benefit directly from the recommendations implemented in…
Read MoreNew Hampshire Ways and Means Committee Discusses Online Gambling Bill
Three New Hampshire House of Representatives’ Republican members have introduced a piece of legislation that would make online gambling legal in the state. A public hearing, which is to take place in the New Hampshire House Ways and means Committee, was scheduled for 10 AM on January 31st. Today, the Ways and means Committee will also discuss the 580-FN-A regarding daily fantasy sports. The bill, called HB 562 was backed by Representatives Robert Fisher, Eric Schleien and Nick Zaricki. It was officially introduced at the beginning of January 2017 and…
Read MoreFlorida State Senate Committee Approves Galvano’s Gaming Expansion Bill
The Florida State Senate Committee has thoroughly reviewed a major gambling expansion bill for the region that would boost the activity in the state. The Bill SB 8 was introduced by Senator Bill Galvano from the Republican Party and has now received an approval by the State Senate Committee. The Bill SB 8 initiates the establishment of two casinos in Boward and Miami-Dade, as well as increasing the number of local racetracks’ slot machines. The Senate Regulated Industries Committee has revealed that there were no complications when it came to…
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