March 2018 Media Coverage

Wednesday, March 14th 2018

March 2018

Russia's Shifting Gambling Rules Cloud Outlook for PokerStars

Published by Bloomberg, March 15, 2018

In the ever-changing global landscape for online gambling regulations, Russia is the next possible hurdle for the owner of PokerStars.

Toronto-based Stars Group Inc., which runs the world’s largest online poker site, released 2018 earnings guidance on Wednesday that assumes new rules looming in Russia will block payments to some offshore gambling services.

“The online gaming industry is quite a volatile industry,” said James Kilsby, a Washington-based researcher at GamblingCompliance. “Most companies now are wary that they are not too heavily reliant on one jurisdiction.”

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Will the U.S. Supreme Court Bless Sports Wagers? Casinos Are Placing Bets
Published by Bloomberg, March 14, 2018

If the casino industry gets its way, this could be the last March Madness where Americans have to go to Nevada to bet legally on the college basketball championship.

Sports leagues have historically opposed expanded betting, but the sentiment seems to be shifting. The National Basketball Association has been asking for a cut, a 1 percent “integrity fee,” if such wagering is allowed. Five states have passed legislation and may be in position to offers sports betting soon after Supreme Court approval, according to Gambling Compliance, a Washington-based industry researcher. They are New York, Pennsylvania, New Jersey, Mississippi and West Virginia.

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