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.
Three of the most prominent gaming associations—the American Gaming Association (AGA), the European Casino Association (ECA), and the Betting & Gaming Council (BGC)—have decided to enter a partnership. The collaboration, formalised by a memorandum of understanding (MOU), aims to address pressing and global issues such as illegal gambling, responsible gaming practices, and will promote innovation in the industry.
According to the Financial Times, Chinese companies are increasingly inclined to invest in Vietnam and Mexico amid growing tensions with the United States.
Vietnam's General Statistics Office said that strong investment and industry, especially manufacturing, were the main drivers of growth in the third quarter of this year, offsetting the economic losses caused by the strong typhoon "Makar". The picture shows a shoe factory in Hanoi. (Reuters)
A direct peering arrangement between Deutsche Telekom and Facebook owner Meta has come to an acrimonious end.
