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Tycoon Stanley Ho retires: Macau’s ‘King of Gambling’

Macau gambling king Stanley Ho’s swashbuckling corporate deal-making style transformed Macau from a sleepy peninsula dotted with seedy, windowless gambling dens into the world’s biggest casino centre. One of Asia’s richest men, the flamboyant tycoon made his riches by smuggling luxury goods into China from Macau during World War II, before he secured the only…

Spanish online gambling and betting market poised to hit $1.22B by 2023

Online gambling and betting businesses in Spain are on track to becoming a billion-dollar industry, according to forecasts. An AFP report quoted consultancy firm Ficom Leisure, which said that Spain is now “on the radar of the international market” as it predicts the market’s annual online gambling and betting revenue to hit €1 billion (US$1.22…

UK online gambling providers scanned for withdrawal roadblocks

The UK’s competition watchdog has launched a probe into whether online gambling operators are making it too difficult for customers to withdraw their funds. On Thursday, the Competition and Markets Authority (CMA) announced that it had “launched enforcement action” against an unspecified number of UK-licensed online gambling operators “in respect of practices that may place…

Federal agents storm Westminster restaurants and seize illegal gambling equipment

Fourteen people were arrested early Wednesday morning, Feb. 21, during the execution of a search warrant at a suspected illegal gambling operation inside a restaurant in Westminster, police said. About 1:30 a.m., investigators conducted a search of the Cafe Picasso Restaurant in the 15600 block of Brookhurst Street. Investigators found at least two firearms and…

Atlantic City Casino To Launch An Online Gambling Service Via GAN

International online casino supplier GAN is going to increase its footprint in the US. Already involved in New Jersey online casinos, GAN announced this week it would be powering the online gambling arm of the planned Ocean Resort Casino, formerly the Revel in Atlantic City. The UK-based company offers turnkey software solutions for both social…