Gambling News Podcast
Gambling News Podcast
SEPTEMBER GAMBLING NEWS ð¥CRYPTO GAMBLING ðASIAN CASINO NEWS
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In our first story, one of the largest crypto gambling platforms is facing a massive lawsuit. State UK, a company that sponsors Everton FC of the English Premier League, is being sued for $400 million by the former business partner of its co-founders.
The man behind the lawsuit, Florida resident Christopher Freeman, claims that Primedice, a predecessor of Stake, was his idea and that he played a major role in the company's development. According to court filings, Freeman has allegedly set up Primedice with his school friends and current Stake owners, and it was his idea to expand to the crypto market. Pivot to crypto gambling has made Stake one of the fastest-growing companies in the industry, with a current estimated value of more than $1 billion.
Next up, Macau has long been known as the gambling capital of the world, but that status is likely about to change. While the rest of the industry across the globe is rapidly recovering from the Covid pandemic, China's Covid Zero policy, travel bans, and new gambling laws have made Macau an unfavorable market. in August, the Macau gambling revenue was a mere 9% of the pre-pandemic levels. At the same time, the Philippines, South Korea, and Singapore are already at around 70% of the pre-pandemic revenue.
Several leading suppliers of casino equipment have already announced that they will be moving their resources to more welcoming markets. In most cases, the new destination is the Philippines, which is quickly becoming a significant player in the Asian gambling industry.
In our next story, Japan's Universal Entertainment Corporation has taken over the operations of the Okada Manila gambling resort. The $3.3 billion casino is the largest establishment of its kind in Southeast Asia, and taking control of this property is a major coup for the Japanese company.
The takeover came over after a long-running dispute between new and former operators, but, according to Philippine gambling regulators, the process was generally peaceful. This also means that Universal will name new members on the board of Tiger Resort Leisure and Entertainment, the company responsible for the operation of Okada Manila Casino and Resort. The previous members were installed by a group led by Japanese tycoon Kazuo Okada who has a long history of confrontations with Universal Entertainment.
In our last story this week, legal betting in Kansas is off to a rocky start, and the main culprits are bettors from neighboring Missouri.
According to GeoComply Solutions, on the first day of legal sports wagering in Kansas, 16,000 attempts to place a bet from Missouri were blocked. Almost two-thirds of this number came from the Missouri portion of Kansas City. According to the state's new gambling law, anyone over the age of 21 is allowed to place a bet, no matter what state they're from. However, do to so, they have to be within Kansas state limits.
This has proven to be particularly frustrating for Missouri bettors who live in the same metro area where betting is legal, and yet, they can't place wagers from their homes.
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In our first story, one of the largest crypto gambling platforms is facing a massive lawsuit. State UK, a company that sponsors Everton FC of the English Premier League, is being sued for $400 million by the former business partner of its co-founders.
The man behind the lawsuit, Florida resident Christopher Freeman, claims that Primedice, a predecessor of Stake, was his idea and that he played a major role in the company's development. According to court filings, Freeman has allegedly set up Primedice with his school friends and current Stake owners, and it was his idea to expand to the crypto market. Pivot to crypto gambling has made Stake one of the fastest-growing companies in the industry, with a current estimated value of more than $1 billion.
Next up, Macau has long been known as the gambling capital of the world, but that status is likely about to change. While the rest of the industry across the globe is rapidly recovering from the Covid pandemic, China's Covid Zero policy, travel bans, and new gambling laws have made Macau an unfavorable market. in August, the Macau gambling revenue was a mere 9% of the pre-pandemic levels. At the same time, the Philippines, South Korea, and Singapore are already at around 70% of the pre-pandemic revenue.
Several leading suppliers of casino equipment have already announced that they will be moving their resources to more welcoming markets. In most cases, the new destination is the Philippines, which is quickly becoming a significant player in the Asian gambling industry.
In our next story, Japan's Universal Entertainment Corporation has taken over the operations of the Okada Manila gambling resort. The $3.3 billion casino is the largest establishment of its kind in Southeast Asia, and taking control of this property is a major coup for the Japanese company.
The takeover came over after a long-running dispute between new and former operators, but, according to Philippine gambling regulators, the process was generally peaceful. This also means that Universal will name new members on the board of Tiger Resort Leisure and Entertainment, the company responsible for the operation of Okada Manila Casino and Resort. The previous members were installed by a group led by Japanese tycoon Kazuo Okada who has a long history of confrontations with Universal Entertainment.
In our last story this week, legal betting in Kansas is off to a rocky start, and the main culprits are bettors from neighboring Missouri.
According to GeoComply Solutions, on the first day of legal sports wagering in Kansas, 16,000 attempts to place a bet from Missouri were blocked. Almost two-thirds of this number came from the Missouri portion of Kansas City. According to the state's new gambling law, anyone over the age of 21 is allowed to place a bet, no matter what state they're from. However, do to so, they have to be within Kansas state limits.
This has proven to be particularly frustrating for Missouri bettors who live in the same metro area where betting is legal, and yet, they can't place wagers from their homes.
Remember to visit PlaySlots4RealMoney.Com (that's the numeral 4) and EasyMobileCasino.com. Subscribe to our newsletter to get the latest news and bonus codes delivered to you weekly for more updates. Share this podcast on social networks. Remember, tor the most recent online casino ratings and slot machine reviews, stop by CasinoSlotsMoney.com. Feel free to view the links below, which are helpful resources. Thatâs your Weekly Gambling News Roundup.