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EGBA and LOGiCO: Italy’s Gambling Advertising Ban “Will Have a Counterproductive Effect”

The European Gaming and Betting Association (EGBA) and the Italian Online Gaming Association (LOGiCO) sent a joint letter to Italian ministers in hopes to overturn a proposed and much-supported blanket ban on all forms of gambling advertising in the country. The letter, published on EGBA’s official website, arrived ahead of today’s planned debate on the proposed prohibition. The ban is part of the so-called Dignity Decree, a legislative piece introduced by Italy’s newly-sworn Deputy Prime Minsiter Luigi Di Maio. Minister Di Maio has previously said that the main purpose of a full ban on gambling advertising would be to protect vulnerable people from being overexposed to gambling. The Minister has also recently said that the proposed crackdown on adverts would be the first step in a larger-scale initiative against the proliferation of gambling in the country. The Dignity Decree was approved by the Council of Ministers earlier this month and

Boracay Casino War Rages On: President Duterte Says ‘No’ to $550-Million Plan

There will be no casino on the island of Boracay, a spokesperson for Philippine President Rodrigo Duterte said on Monday, following recent comments by gaming and leisure company Leisure & Resorts World Corporation (LRWC) that their planned $550-million casino resort in the popular tourist hub was on track for 2021 opening. LRWC partnered last year Macau casino giant Galaxy Entertainment Group for the development of the planned casino resort on the island. They received this spring a provisional gaming license from PAGCOR, the local gambling regulator. However, President Duterte ordered Boracay be closed for a six-month environmental cleanup at about the same time. The country’s top official also said multiple times that he would not allow casino gambling on the island after the completion of the rehabilitation process. Boracay was shuttered for business in late April and is expected to be reopened in late October. Presidential spokesperson Harry Roque said

Casino Giant MGM Partners GVC, Boyd Gaming for Larger Cut of US Sports Betting Pie

Gaming and hospitality giant MGM Resorts International announced today that it would look to capitalize on the nascent US sports betting market and extend its US presence with a duo of key partnership deals. In separate press releases from minutes ago, the major gambling company announced that it has formed a joint venture with Isle of Man-headquartered online gambling operator GVC Holdings and with its fellow US gaming and hospitality operator Boyd Gaming to position itself more strongly in its domestic market at a time when multiple states are taking advantage of the recent annulment of the long-standing federal ban on sports betting. Under the newly penned partnership agreement between MGM and GVC, the two companies will form a joint venture that will operate sports betting and online gambling services across states where the provision of these services is legal. The two gambling operators will each invest $100 million into

Ireland’s Revenue Declares War on Dublin’s Illegal Casinos

Ireland’s Revenue has issued enforcement letters to a number of illegally operating casino facilities across Dublin giving them 21 days to remove gambling machines from their premises, The Times reported earlier this week. News about the government agency launching a crackdown against illegal operations arrived after an investigation by The Times showed that a number of Dublin-based arcades have used their licenses to operate gambling machines, thus breaching a 1988 citywide ban on the latter devices. Under the long-standing prohibition, no licenses for gambling machines can be issued to facilities located within city limits. However, The Times reported last month that a number of arcade facilities are violating that ban and are using their arcade machine licenses to operate gambling machines. According to Revenue definitions, arcade/amusement machines are games that gives players the chance to win no more than an opportunity to play again or a non-monetary prize the value

Gambling Giants GVC and MGM in Advanced Talks over Joint US Sports Betting Business

Online gambling operator GVC Holdings and casino and hospitality giant MGM Resorts International have entered the final stages of talks over the creation of a joint US sports betting business, sources familiar with the matter told Sky News. It is believed that the joint venture could eventually lead up to a full-scale merger that would establish a global land-based and online gambling powerhouse worth more than $26 billion. GVC confirmed on Saturday that they were in advanced discussions over a potential joint venture with MGM and that they would update the market when appropriate. Sources told Sky News that the deal is likely to be finalized over the weekend and that an update could come as early as Monday. GVC and MGM have been working together since the legalization of online gambling in the state of New Jersey in 2013, where the Isle of Man-based company has been operating a