An employee of the Jacksonville Jaguars American football team has defrauded his club of more than $22 million. The former NFL employee is said to have had a gambling addiction and gambled away most of the club's money on the internet. But how did the manager of financial planning and analysis manage to steal such a large sum?
Christian_1994
Around a fortnight ago, the Brazilian Economic Commission decided on a new tax rate for sports betting and online casinos. This will amount to 12% in future. Originally, an even higher tax rate of 18% was planned, but the gambling industry vociferously opposed this. But how attractive are gambling offers in Brazil in view of the new tax, which is significantly higher than in Germany?
Christian_1994
Macau and Las Vegas are probably the most popular gambling destinations in the world. However, the American desert metropolis of Las Vegas still has a much greater appeal than Macau, especially among the European public. The Special Administrative Region of the People's Republic of China is now often far ahead of Las Vegas in terms of gambling.
Christian_1994
More than 80% of people in Spain participated in gambling at least once in 2022. This makes gambling a popular leisure activity in the country. Of course, the internationally renowned El Gordo Christmas lottery is particularly popular with the population. Despite the widespread use of gambling, gambling addiction is hardly an issue in the country. Why is that?
Christian_1994
Online casinos do not have an easy time in the USA. Only a few states allow them. Live casinos are a curiosity. Authentic Gaming is about to change all that.
Chris_W
The gaming industry is a major contributor to the US economy. This is the conclusion of a study by the American Gaming Association (AGA). According to the study, the gaming industry not only contributes significantly to the economy, but also creates countless jobs - especially in gaming metropolises such as Las Vegas.
Christian_1994
In Romania, a country in south-eastern Europe, the government is currently planning a significant increase in fees for online casinos. About two weeks ago, the Romanian Ministry of Finance presented a new catalogue of fees, which is quite a challenge. Will it still be economically viable for operators to operate successfully in the market, given the sharp rise in fees?
Christian_1994
The European Gaming and Betting Association (EGBA) is calling on Norway to end its online gambling monopoly. The main argument behind this demand is based on a problem that is only too well known in Germany: the black market is booming due to such a complete state right. In order to curb this development, a licensing system should be introduced - if the ECBA has its way. But there are other interests at play here.
Chris_W
Zurich police recently arrested the alleged head of a mafia-like organisation that ran illegal gambling operations in Switzerland. The boss is said to have earned several million Swiss francs a month from various sports betting and casino sites. According to press reports, his contacts went as far as the North Cypriot government.
Chris_W
The Durango Casino & Resort in Nevada is due to open on 20 November this year. However, officials are currently busy filling more than 1,200 vacancies at the property. As well as hotel, bar and casino staff, they are also looking to fill positions in marketing, human resources, IT and administration.
Christian_1994
The gross operating profit of Atlantic City's casinos has recently fallen by around 20%. In the second quarter of this year, the gaming venues generated total revenues of just under USD 800 million. While this represents a 1% increase in revenue, profits have fallen by around a fifth. But what are the reasons why Atlantic City's casinos made so much less money on balance?
Christian_1994
Almost three weeks ago, the legendary Mega Millions jackpot was won in the USA. A player from Florida won a record-breaking sum of over US$1.5 billion. But has the lucky player already cashed in his winning ticket and what numbers did he hit to win the billion dollar jackpot?
Christian_1994
According to the 2022 Annual Report of the National Indian Gaming Commission (NIGC), tribal casinos in the United States took in more than USD 40 billion last year. This is an increase of almost five per cent over the previous year. But what are tribal casinos, and what role do they play in the American gambling industry?
Christian_1994
The Brazilian government is planning to increase the tax on sports betting from 16% to 18%. This could result in a tax of €18 on every €100 wagered. Germany has also had a betting tax since 2012, but it is significantly lower. There is now much debate as to whether the increase in tax in Brazil could encourage illegal gambling.
Christian_1994
It's not uncommon for lottery winners to miss out on thousands or even millions of euros because they've lost their winning ticket or simply didn't think to follow the draw. On the other hand, it is much less common for a million-euro ticket to be stolen by lottery office staff, as was recently reported in Stern magazine. How did it happen?
Chris_W