Credit Cards and Crypto iGaming Payments Banned in Brazil
New payment rules have been introduced for Brazil’s regulated online gambling market that prevent operators from accepting payments by credit card or cryptocurrency from Brazilian customers. The rules were published last month by the Regulatory Policy of the Prizes and Betting Secretariat (SPA) and ...
Macau Baccarat GGR Grows 68% in Q1 2024
Recently published government data showed that the gross gaming revenue GGR from VIP baccarat in Macau surged by 68% year-on-year in the first quarter of this year. According to Macau’s regulator, the Gaming Inspection and Coordination Bureau, or DICJ, the VIP growth in the first quarter aligns with...
Arrests Made Following Cheating Scheme at Wind Creek Casino
There seems to be an emerging trend of players cheating at baccarat in US casinos. In the latest scam, four people from Illinois are being charged in connection with a complicated baccarat cheating scheme that saw them take the Wind Creek Bethlehem casino for roughly $300,000. Police believe that si...
Online Gambling Found to Boost Local Land-Based Casinos
Whenever a new country or jurisdiction, such as a US State, floats the idea of legalizing online gambling, there is always a backlash from the land-casino industry over fears that it will take away from their business. However, a new report commissioned by iDEA (iDevelopment and Economic Association...
Las Vegas Baccarat Revenue Continues to Rise
Recent times have seen a great deal of negative financial news from Las Vegas. For instance, in January this year, revenue was down 3.8% year-on-year from the famous Las Vegas Strip. However, there has also been an increase in baccarat play, which has given economists and industry experts reason to ...
Mistake on Powerball Website Leads to $340m Lawsuit
A Washington DC resident is suing the Powerball lottery after he was denied a $340 million jackpot despite the fact that his numbers matched those displayed on the lottery’s website. John Cheeks bought his Powerball lottery ticket on January 6 and he selected a set of numbers that had meaning to him...
Online Gambling Sites Used to Launder Proceeds of Crime
A warning has been issued by Canada’s financial intelligence agency that criminals are using online gambling sites to launder money. In a recent bulletin, the Financial Transactions and Reports Analysis Centre of Canada (Fintrac) explained that gambling sites often unwittingly provide a number of wa...