RG Magazine
Czech gambling legislation makes progress
The Czech lower house has approved legislation to raise taxes on gambling firms and open the online market to foreign operators. Reuters reports that, as of next year, tax on slot machines will increase from ...
Las Vegas Sands pays $9m penalty to resolve SEC case
Casino operator Las Vegas Sands has paid a $9m penalty to settle a case relating to its business activities in Macau and China. The Securities and Exchange Commission (SEC) has closed its investigation into the ...
Alleged founder of illegal casino worth billions sent back to China
A man suspected of running an illegal online gambling site using capital of 400 billion yuan (£43.86bn) has been transferred to China by Vietnamese police. China Daily reported the news, and that it is part ...
Amaya gaming insider trading scandal sparks class action lawsuit in US
The hits just keep on coming for Canadian online gambling operatorAmaya Gaming, which is being sued in US federal court over its growing insider trading scandal. On Thursday, Maryland-based investorHarvey Weisman filed a proposed class ...
Fixed Odds Betting Terminals Blamed for UK “Gambling Epidemic”
Pressure is rising in the UK for action against Fixed-Odds Betting Terminals (FOBTs), which are being blamed for a reported “epidemic in gambling”. In betting shops across the country there are now some 34,000 such ...
Philippine Catholic bishops voice alarm over gambling after $81-million heist
Catholic bishops in the Philippines expressed alarm on Monday over the spread of government-sanctioned gambling through casinos, after a mid-sized bank was dragged into one of the world’s largest bank heists and a money-laundering scheme. ...
David Baazov steps down from Amaya duties but could still buy the company
David Baazov is to take a voluntary indefinite paid leave of absence from Amaya while he prepares an offer to acquire the company and to avoid distraction while he faces charges related to insider trading. ...
Securities probe links Amaya CEO, brother to illegal trades in seven companies
A Montreal newspaper has reported that the older brother of Amaya Gaming CEODavid Baazov illegally funneled insider company information to the brother’s bookmaking partner to reap $1.5m in illict profits. Hugo Joncas, a writer at ...
David Baazov charged over actions prior to Amaya’s PokerStars purchase
Amaya CEO David Baazov is facing five charges related to insider trading in the lead-up to the company’s acquisition of the owner of PokerStars and Full Tilt in 2014, Quebec financial security regulator the Autorité ...
Does self-exclusion from gambling work?
Industry insiders debate the effectiveness of self-exclusion for those faced with a gambling problem. Nobody connected to our industry benefits from problem gambling. It’s awful for the player in question, whose troubles can lead to ...
