Authorities in the Philippines have charged or are in the process of charging 13 people with crimes linked to the disappearances of at least 34 stakeholders in the country’s fledgling e-sabong (online cockfighting) market. Among them are five serving police officers.
The mystery buyer of a A$38.5 million (US$28 million) Melbourne mansion has been identified by Australian media as the 26-year-old cofounder of one of the world’s biggest crypto-betting operations.
888 Fined £9.4M in UK for AML Failings, License Revocation Threat
Posted on: March 1, 2022, 06:05h. Last updated on: March 1, 2022, 01:02h.
Philip Conneller
Philip Conneller
@casinoorgphilc
Expertise: Crime, Gaming Business, Regulation.
It could be a case of three strikes and you’re out for online gambling behemoth 888.com. On Tuesday, the UK gambling regulator (UKGC) announced it had fined the operator £9.4 million (US$12.6 million) for social responsibility and anti-money laundering (AML) failings.
The Netherlands’ iGaming market could soon add additional players. The two-year “black-out” period included in gambling law updates in 2022 is coming to an end.
A DraftKings poster hangs in New York, above. The company delivered an impressive long-term outlook, but its stock slumped. (Image: New York Times)
A WynnBet advertisement featuring Shaq promoting a risk-free sign-up incentive. Wynn Resorts is scaling back its marketing budgets for its interactive gaming unit. (Image: WynnBet)
Charlie “Atong” Ang is the owner of e-sabong operator Lucky 8 Star Quest. All of the missing men visited one of the company’s cockpits prior to their disappearance, according to Philippine media. (Image: Business News Philippines)
Traders on the floor of the New York Stock Exchange. An analyst says iGaming stocks could bounce back. (Image: ABC News)
Roberto Sanchez, Peru’s minister of of Foreign Trade and Tourism. He hopes a new iGaming bill finds support to bring more than $42 million in revenue to the country. (Image: El Comercio Peru)
Detroit Mayor Mike Duggan lays out his 2023 fiscal budget before the City Council on March 7, 2022. Duggan says allowing Detroit’s three casinos to operate online games and mobile sports betting dramatically lessened the financial burden caused by the COVID-19 pandemic. (Image: City of Detroit)