DOJ Fines Western Union $586M for Criminal Violations
Western Union is in hot water for failing to protect consumers from fraud, and being complicit in money-laundering schemes. The world’s largest payment processor, which also processes wire transfer payments for some online casinos, has admitted to wrongdoing and has now been slapped with a $586 million fine by the U.S. Department of Justice. Negligent […]
Brexit Bad News for Gibraltar Gambling Industry
Online gambling is a cornerstone of the economy of Gibraltar, a tiny British territory that borders Spain on the Iberian peninsula. For years, online gambling operators have flocked to The Rock to take advantage of its very low taxation rate of just 1 percent. Today, roughly 55 percent of all of the online gambling services […]
Darts Proving a Popular Product Among Bookmakers
Move over football! A game once relegated only to British pubs has found its way onto mainstream television, and UK bookmakers are seeing a huge influx on the number of bets placed on the game’s numerous tournaments. That game is darts, and while it’s fair to say that its unlikely to gain the huge popularity […]
Meet the Gamblers Who Lost a Fortune
Those players who gamble at the highest levels are incredibly profitable for casinos, and are known as “whales”. This type of wealthy player provides 80 percent of a casino’s profit throughout the year, yet only accounts for less than 20 percent of total customers. While many whales go on to achieve a legendary status in […]
Will The Elk Grove Casino Project Move Ahead?
Those familiar with California’s push to advance online gambling legislation are all too aware of the controversy surrounding the issue, with disputes between tribal factions stymieing efforts towards bringing online poker and casino games to California residents. The online gambling industry isn’t the only section of gaming where controversy is standing in the way of […]
Delaware iGaming Enjoys a Banner Year
In the past, Delaware’s tiny population of less than one million people has struggled to support its online gambling industry, but last year proved to be a successful year for the First State’s operators. In fact, 2016 was the biggest year for the market since the legalization of iGaming back in 2013. Annual Revenues Soar […]
CSIG Debunks iGambling Terror Financing Claims
While the number of people openly opposing the legalization of online poker pales in comparison to those calling for its regulation, the anti-online poker movement can have a very loud voice. One group called the Coalition to Stop Internet Gambling (CSIG), for instance, famously created a viral video claiming that online poker sites helped provide […]
