The Star Entertainment Group in Australia is suffering badly at the hands of VIP members from Asian countries who have been treating their casino as a mere pitstop on the way to something better. The overall profit the group produced fell spectacularly for the second half of 2017 and it is largely being blamed upon the reluctance of the Asian whales to lay down the cash. The Financial Results That Shocked the World The company released their financial results this past Friday and the results are as follows; the company had a 3.3% increase for revenue, which equates to A$1.27bn… Read More
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Myanmar Government Becomes More Open to Casinos
Many will be thrilled to hear that the Myanmar government is becoming more open to permitting casinos within the country, due to the fact that the government wants to boost the level of tourism within the country. The Eleven Media Group recently shared that the Myanmar government is seriously looking into the installment of casinos within main resorts on the island. The catch, well the casinos will only be open to foreigners and not to citizens of Myanmar. Why Is the Country Considering This? Eleven Media Group shared that the main reason for this unprecedented decision is the fact that… Read More
Sweden Will Be Declaring That Loot Boxes Are Gambling Soon
The loot boxes that are so common within video games and online gaming can become illegal as soon as January 2019. Recently the Swedish radio station P3 News announced that the Swedish Government is one of a long list of countries to come out and state that they think that the RNG loot boxes are forms of gambling. Why, the RNG loot boxes require children to make use of proper money – normally their parent’s hard earned money and therefore is a form of gambling that is being exposed to children. What the Swedish Government Has to Say The Minister… Read More
Australian Gambling Authority Says ‘No More’ to Bitcoin Bets
One of Australia’s most highly esteemed gambling regulators, namely the NTRC (Northern Territory Racing Commission) has snuffed out the hopes of bitcoin further succeeding in the Australian gambling industry, especially in the sports booking sector. The NTRC officially ordered bookkeepers licensed by Northern Territory to no longer accept bitcoin wagers or cryptocurrencies of any kind. Only fiat currency will be accepted from now on. The notice came in email form to all NTRC registered sports betting operators. Although the new policy only applies to those registered under the NTRC, this is nearly all Australian bookkeepers and sports betting licensees, as… Read More