On Tuesday, Brazil's Ministry of Finance, via SPA, signed ACTs with Genius Sports, IBIA, Siga, and SportRadar to enhance sports betting integrity and prevent result manipulation.
The Hong Kong government is exploring the possibility of reducing the age restriction for horse racing attendees as part of its broader tourism drive. Currently, individuals under 18 are not permitted to enter racecourses or place bets.
Australia’s BetStop National Self-Exclusion Register has been honoured with the Regulatory Excellence Award by the International Association of Gaming Regulators (IAGR). The award, which celebrates innovative regulatory solutions worldwide, acknowledges BetStop as a milestone in protecting vulnerable Australians from the negative impacts of gambling.
Entain, a leading global sports betting and gaming group, is bracing for a potential slowdown in its rapid growth in Brazil following the anticipated launch of the regulated market in January 2025. Despite reporting a substantial 48% year-on-year revenue increase in Brazil during its Q3 trading update last Thursday (17), the company’s CFO, Rob Wood, has indicated that the market’s expansion will likely moderate once the legal framework takes effect.
China’s Special Administrative Regions (SARs), Macau and Hong Kong, are making headways in the development and implementation of their respective digital currencies. These initiatives mark a crucial step in modernising their financial systems.
The Brazilian government has recently taken decisive action in its journey towards regulating the online betting market by blocking over 2,000 illegal betting platforms. As Brazil gears up for its fully regulated market launch set for 1 January 2025, the crackdown, led by the Secretariat of Prizes and Bets (SPA), signals the country’s commitment to creating a safe, controlled, and legitimate environment for online gamblers.
Stake’s Brazil subsidiary, Stake Brazil Ltda, has been granted authorisation by the Ministry of Finance to operate as a betting platform in the growing Brazilian iGaming market.
Commercial casinos in Kansas experienced a notable rise in the first nine months of 2024. Kansas’ four casinos rose to $309.3 million in the nine months of 2024, despite a 3 percent fall in September. In September, the casino gaming revenue fell to $32.3 million from $33.1 million, with the two leading casinos almost tied on monthly revenue.
The Australian Leisure and Hospitality Group (ALH) has been fined AUD177,500 (€109,392) after pleading guilty to 24 charges relating to underage gambling and improper supervision of electronic betting terminals. The Victorian Gambling and Casino Control Commission (VGCCC) initiated these charges, which include allowing a minor to gamble, permitting a child into a poker machine area, and failing to ensure sufficient oversight at several of their venues.
