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Greece Erases Cap Limiting Online Wagers

As many countries are contemplating more restrictive controls on gambling activity, Greece is going the other way. Certain online gaming activity no longer has to adhere to the €2 (US$2.15) cap that limited the market for years.

Acropolis in Greece
The Acropolis in Greece. Measures are underway to boost the economy, including the relaxing of gambling caps and limits. (Image: Pinterest)

By decision of the Greek Minister of Finance, Christos Staikouras, published last Friday in the Government Gazette, the new cap will be €20 (US$21.47). This maximum applies to most online casino gam

Jerry and Marge Go Large: Couple Cracked Lottery, Movie Debuts June 17

Jerry and Marge Go Large, a film that tells the true story of a retired couple who quietly gamed the Michigan Lottery, will premiere on streaming service Paramount+ June 17.

Jerry and Marge Go Large
Bryan Cranston (left) and Annette Benning star as Jerry and Marge Selbee in Jerry and Marge Go Large. (Image: Paramount+)

The movie stars Bryan Cranston and Annette Benning as Gerald and Marjorie Selbee. In 2003, Jerry spotted a mathematical loophole in one of Michigan’s lottery games, and the couple exploited it to the max, winning almost $27 million over a nine-year period.

They plowed mu

Mexico Casino Trade Group Calls for Government Control On Gambling Taxes

Casinos are an important part of the Mexican economy. However, operators aren’t happy with the myriad tax systems in place, and want to see change.

Mexico
Soccer fans unfurl the Mexican flag at a soccer game. Gambling continues to be a huge part of the economy, but casino operators are pushing for changes to tax laws. (Image: Sporting News)

Before the pandemic, the casino industry contributed some MX$7.5 billion (US$377.03 million) in federal, state, and municipal taxes and duties. The convoluted tax system creates administrative nightmares for operators.

A group that

Macau aggregated casino operator debt forecast to top $25 billion this year

Global brokerage and investments firm Morgan Stanley has reportedly warned that the combined debt of the six licensed casino operators in Macau could exceed $25 billion by the end of the year owing to China’s ongoing strict travel restrictions. According to a report from Inside Asian Gaming, the New York-headquartered financial services giant also used […]

Panama, Colombia Report Significant Improvements in Gambling Revenue

Latin America continues to prove why its gambling industry deserves so much attention. Countries are seeing increases in revenue, and the latest results of Panama and Colombia are no different.

Panama City
Panama City skyline with the Panamanian flag. The country’s gambling industry continues to see substantial year-on-year gains. (Image: Pinterest)

The Comptroller of Panama just released the figures for the country’s gaming industry. From January to April, total gross bets grew 165.6% compared to the same period of the previous year. The total recorded was $431.4 million

Minnesota Fails to Pass Sports Betting Legislation for Another Year as Bills Fall Flat

Waiting another year

Legal sports betting will have to wait at least another year in Minnesota. For the third straight year, the state’s legislative session came to an end on without any vote on a legalization bill.

While there were many similarities between House and Senate bills, the two chambers could not ultimately agree on a single bill. Both bills called for retail betting at tribal casinos and online sportsbooks through private operators that would work with tribes.

would also have been retail sports betting at Minnesota’s racetracks

One of the big differences in the Senate

Minnesota Fails to Pass Sports Betting Legislation for Another Year as Bills Fall Flat

Waiting another year

Legal sports betting will have to wait at least another year in Minnesota. For the third straight year, the state’s legislative session came to an end on without any vote on a legalization bill.

While there were many similarities between House and Senate bills, the two chambers could not ultimately agree on a single bill. Both bills called for retail betting at tribal casinos and online sportsbooks through private operators that would work with tribes.

would also have been retail sports betting at Minnesota’s racetracks

One of the big differences in the Senate

Minnesota Fails to Pass Sports Betting Legislation for Another Year as Bills Fall Flat

Waiting another year

Legal sports betting will have to wait at least another year in Minnesota. For the third straight year, the state’s legislative session came to an end on without any vote on a legalization bill.

While there were many similarities between House and Senate bills, the two chambers could not ultimately agree on a single bill. Both bills called for retail betting at tribal casinos and online sportsbooks through private operators that would work with tribes.

would also have been retail sports betting at Minnesota’s racetracks

One of the big differences in the Senate

Iowa Casino Bill Levies Two-Year Moratorium on New Licenses, Would Block Cedar Rapids

A proposed Iowa casino project in Cedar Rapids backed by Peninsula Pacific Entertainment (P2E) is facing long odds of receiving licensure from the state. That’s after lawmakers this week quietly passed a two-year moratorium on new gaming concessions.

Iowa casino bill Cedar Rapids gambling
Iowa Governor Kim Reynolds has a major decision on her hands regarding whether to allow another commercial casino to come to her state. Elected lawmakers in Des Moines this week sent her legislation that would halt new gaming licenses from being issued for the next two years. (Image: AP)

House File 2497 is a compre

Mexican casino industry lobbying for a unified industry tax regime

In Mexico and the Entertainment and Gambling Industry Permit Holders, Operators and Suppliers Association (AIEJA) trade group has reportedly called on the federal government to implement a unified casino industry tax regime. According to a report from a source, the organization’s President, Miguel Angel Ochoa, declared that the current tax system is ‘financially strangling the […]

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