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News
Vietnamese Casino Blames World Cup, Winning Payouts for 30% Year-on-Year Revenue Drop
6+ hour, 45+ min ago (524+ words) The operator of the Vietnamese casino Royal Ha Long says big wins for patrons and the World Cup are to blame for a 30% fall in revenues. Royal International Corporation, the Royal Ha Long operator, posted losses of $342,000 in the second…...
Australian Pension Funds are Knee-Deep in Gambling Stocks, but The Iceberg Goes Deeper Still
7+ hour, 49+ min ago (707+ words) This week, Australian anti-gambling advocates unveiled a report that makes startling reading for anyone with a pension: the 20 largest superannuation funds in the country hold a combined US $10.3 billion in gambling stocks. That is a lot of money by anyone’s…...
How the Biggest Bet in Super Bowl History (at the time) Came to Be in Las Vegas
1+ week, 1+ day ago (583+ words) Tom Brady was still a relative nobody when he helped the Patriots win their first Super Bowl in 2002. Brady orchestrated a late drive that ended with a 48-yard, game-winning field goal by Adam Vinatieri. New England’s 20-17 victory over the Los…...
Young People in UK Gambling Less Than Previous Generations, Survey Shows
1+ week, 1+ day ago (777+ words) The UK Gambling Commission released the Gambling Survey for Great Britain (GSGB) on Thursday, which largely showed that gambling participation has remained stable in recent years. However, young people aged 18-24 years old are gambling less, according to the data. The…...
Smartphone Addiction is Driving Up Youth Gambling Rates, Says Top Russian Psychologist
1+ mon, 1+ week ago (652+ words) Smartphone addiction that begins in infancy is spiking youth gambling rates in Russia, a leading psychologist has warned. The comments came from Lilia Shuvalova, a lecturer in the Sports Management Department at Synergy University’s Faculty of Sports, the Russian newspaper…...
Russian Online Casino Legalization Will Provide Economic Boost, Says Ex-Soviet Gambling Chief
1+ mon, 1+ week ago (636+ words) One of the founders of the gambling industry during the later years of the Soviet Union says a plan to legalize online casinos will boost Russian treasury revenues and scupper the illegal betting sector. Tax revenues from the gambling industry…...
Why are Russian Casino Profits on the Decline?
1+ mon, 2+ week ago (708+ words) The Russian casino industry is going through hard financial times, despite Moscow’s plans to significantly expand its size and scope. Profits of casino operators in Sochi and the Kaliningrad Oblast have dropped by nearly half in recent months, the media…...
South Korean Prime Minister Tells Gaming Regulator to Create Youth Gambling ‘Safety Net’
2+ mon, 1+ week ago (166+ words) South Korean Prime Minister Kim Min-seok tells the gambling regulator to respond to a rise in youth gambling by creating a “safety net.”...
South Korean Elections Heat Up as Candidates Clash Over Casino Allegations
2+ mon, 1+ week ago (173+ words) Controversy over an alleged casino visit by Kim Dae-jung is driving tensions ahead of next month’s South Korean elections....
One Catholic's Confession on Sports Betting
2+ mon, 2+ week ago (716+ words) A recent study done by Ohio State University found that Catholic men are the most likely to bet on sports. I derived a strange sense of pride in that finding. Weird, but true. I graduated from St. John’s Academy in…...