Latest news with #onlineGambling
Malay Mail
09-07-2025
- Malay Mail
Malaysian held at Thailand's Don Mueang Airport over gambling, money laundering charges
BANGKOK, July 9 — A 26-year-old Malaysian man was arrested at Don Mueang International Airport here on Wednesday for suspected links to an online gambling network and money laundering activities. Superintendent of Don Mueang Immigration Checkpoint, Pol. Col. Adisak Panya, said authorities had received intelligence regarding the arrival of a suspect wanted under an arrest warrant in connection with a well-known gambling website. Adisak said an investigative team was dispatched to wait at the aircraft's gate exit for the suspect, who was entering Thailand via Don Mueang Airport. The suspect, a 26-year-old Malaysian national holding a Malaysian passport, had arrived from Kuala Lumpur and was arrested upon arrival at the international arrivals hall. 'The suspect was wanted under a warrant issued by the Nonthaburi Provincial Court on charges related to an online gambling network and money laundering,' he said in a statement on Wednesday. 'The suspect will be investigated for conspiring to operate online gambling without permission, conspiring with two or more individuals to commit the offence of money laundering, and committing money laundering as a result of such conspiracy and joint action,' he said. Adisak said the suspect is also the owner of a company allegedly used as a channel to circulate funds from the gambling website, with annual transactions reportedly exceeding 11.52 billion baht. He was later handed over to the Technology Crime Suppression Division 2 (TCSD 2) for further legal action. — Bernama
Bloomberg
07-07-2025
- Politics
- Bloomberg
Philippines' Marcos Open to Limiting, Taxing Online Gambling
Philippine President Ferdinand Marcos Jr. will not oppose proposals to limit and tax online gambling, according to his press officer. 'We want to limit this kind of gambling and reduce those who are addicted to it,' Communications Undersecretary Claire Castro said in a media briefing Monday.
Yahoo
30-06-2025
- Business
- Yahoo
United States Online Gambling Market Report 2025-2029: VR Technology Emerges as Key Driver in US Online Gambling Market Expansion
The US online gambling market is set to grow by $54.8 billion from 2024-2029, with an 11.6% CAGR. The report provides a comprehensive analysis, covering market trends, growth drivers, and challenges. Key trends include VR, Bitcoin gambling, and AI. Major vendors like Caesars and DraftKings are analyzed. Dublin, June 30, 2025 (GLOBE NEWSWIRE) -- The "Online Gambling Market in the US 2025-2029" has been added to offering. The online gambling market in the U.S. is forecasted to grow by USD 54.8 billion during 2024-2029, accelerating at a CAGR of 11.6% during the forecast period. The report on the online gambling market in the United States provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Current market assessments emphasize easing governmental regulations, expanded accessibility, and increased consumer spending power as pivotal drivers of this upward trend. The study highlights the development of virtual reality as a potential remedy for gambling addiction as a notable growth driver, alongside the advent of bitcoin gambling and AI in the sector. These factors are poised to create substantial market demand. It encompasses detailed market size information, segmental and regional analysis, and vendor landscapes, supported by historical and predictive data. The online gambling market classification is provided as follows: By End-user: Casual gamblers Professional gamblers High-rollers By Type: Sports betting Casino games Poker Bingo Lottery By Device: Desktop Mobile The US online gambling market report delves into these areas: Market sizing Market forecast Industry analysis A rigorous vendor assessment, designed to bolster clients' market standing, is detailed within the report, featuring leading vendors such as: Ballys Corp. Bet365 Group Ltd. Caesars Entertainment Inc. DraftKings Inc. Flutter Entertainment Plc Game Taco Inc. Harrington Raceway and Casino Infiniti Media Group Ltd. Landrys LLC Light and Wonder Inc. MGM Resorts International Midwest Gaming and Entertainment LLC PENN Entertainment Inc. Playtech Plc Rational Intellectual Holdings Ltd. Realtime Gaming Resorts Digital Gaming Additionally, the analysis provides insights into emerging trends and market challenges to aid companies in devising strategic growth plans. Key Topics Covered: Executive Summary Market overview Market Analysis Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria Criticality of inputs and Factors of differentiation Factors of disruption Impact of drivers and challenges Market Landscape Market ecosystem Market characteristics Value chain analysis Market Sizing Market definition Market segment analysis Market size 2024 Market outlook: Forecast for 2024-2029 Historic Market Size Online Gambling Market in US 2019 - 2023 End-user segment analysis 2019 - 2023 Type segment analysis 2019 - 2023 Device segment analysis 2019 - 2023 Qualitative Analysis Impact of AI on Online Gambling Market in US Five Forces Analysis Five forces summary Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition Market Segmentation by End-user Market segments Comparison by End-user Casual gamblers - Market size and forecast 2024-2029 Professional gamblers - Market size and forecast 2024-2029 High-rollers - Market size and forecast 2024-2029 Market opportunity by End-user Market Segmentation by Type Market segments Comparison by Type Sports betting - Market size and forecast 2024-2029 Casino games - Market size and forecast 2024-2029 Poker - Market size and forecast 2024-2029 Bingo - Market size and forecast 2024-2029 Lottery - Market size and forecast 2024-2029 Market opportunity by Type Market Segmentation by Device Market segments Comparison by Device Desktop - Market size and forecast 2024-2029 Mobile - Market size and forecast 2024-2029 Market opportunity by Device Customer Landscape Customer landscape overview Drivers, Challenges, and Opportunity/Restraints Market drivers Market challenges Impact of drivers and challenges Market opportunities/restraints Competitive Landscape Landscape disruption Industry risks 4 Competitive Analysis Companies profiled Company ranking index Market positioning of companies Ballys Corp. Caesars Entertainment Inc. DraftKings Inc. Flutter Entertainment Plc Game Taco Inc. Harrington Raceway and Casino Landrys LLC Light and Wonder Inc. MGM Resorts International PENN Entertainment Inc. Playtech Plc Realtime Gaming Resorts Digital Gaming LLC For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
25-06-2025
- Business
- Yahoo
North America Online Gambling Market Trends Analysis Report 2025-2030 Featuring Draftkings, Caesars, MGM, FanDuel, 888, Flutter, bet365, PENN, and Fanatics
The North America online gambling market is projected to reach USD 32.95 billion by 2030, with a CAGR of 12.2% from 2025-2030. Rising consumer preference for digital experiences and innovative fintech solutions are key growth drivers. Explore trends like live casino games and cryptocurrency integration. North American Online Gambling Market Dublin, June 25, 2025 (GLOBE NEWSWIRE) -- The "North America Online Gambling Market Size, Share & Trends Analysis Report By Type (Sports Betting, Casinos, Poker, Bingo), By Device (Desktop, Mobile), By Region, And Segment Forecasts, 2025 - 2030" has been added to offering. The North America online gambling market is poised for significant growth, with projections estimating a market size of USD 32.95 billion by 2030. This growth is supported by a steady CAGR of 12.2% from 2025 to 2030, driven largely by changing consumer preferences towards digital platforms. The convenience of accessing a diverse range of online gambling options-such as casino games, sports betting, and poker-from any location is attracting a wider audience. Advancements in financial technologies have significantly enhanced the online gambling experience. The integration of secure payment solutions like digital wallets and cryptocurrencies facilitates seamless transactions, thus boosting user satisfaction. Blockchain technology offers further improvements in terms of transparency and security for gaming operations. However, challenges such as regulatory concerns and technological barriers could limit the widespread adoption of cryptocurrencies in the region. North America Online Gambling Market Report Highlights The popularity of live casino games and esports betting is a key contributor to market expansion. The immersive experience of live dealer games, which allows interaction with real dealers, has captivated many users. Responsible gambling initiatives are becoming a significant factor influencing market growth as the sector continues to expand. The sports betting segment claimed the largest market share-over 49% in 2024-bolstered by widespread legalization across multiple U.S. states. Desktop platforms maintained the highest market share in 2024 due to their established dominance as the preferred medium for online gambling. The growth will be further accelerated by the rapid expansion of legalized sports betting within North America from 2025 to 2030. Why should you buy this report? Comprehensive Market Analysis: Obtain in-depth insights into the market trends and dynamics across major regions and segments. Competitive Landscape: Analyze the global presence and strategies of key industry players. Future Trends: Identify crucial trends and drivers shaping the future of the market. Actionable Recommendations: Leverage insights to discover new revenue opportunities and shape strategic business decisions. This Report Addresses: Data-driven market intelligence for effective decision-making Market estimates and forecasts spanning 2018 to 2030 Analysis of growth opportunities and trends Revenue forecasts by segment and region Competitive strategy and market share analysis Innovative product listings to stay ahead in the market Insights on coping with COVID-19 and its market impacts Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $16.56 Billion Forecasted Market Value (USD) by 2030 $32.95 Billion Compound Annual Growth Rate 12.2% Regions Covered North America Companies Featured DraftKings Inc. Caesars Entertainment, Inc. MGM Resorts International FanDuel Sportsbook 888 Holdings PLC (Evoke, plc) Flutter Entertainment PLC BetMGM Sportsbook bet365 Sportsbook PENN Entertainment, Inc. Fanatics Sportsbook For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment North American Online Gambling Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
RNZ News
29-05-2025
- Business
- RNZ News
Gambling law changes will open the door to more addiction, advocate says
Law changes are underway to allow 15 online gambling companies to legally operate in the country from February next year, including allowing advertising. Photo: RNZ / Alex Robertson New Zealanders gamble away billions of dollars annually. Now they don't even have to slide into a pub and sit in front of the pokies - they can tap into online sites and lose money from the comfort of their homes . All but two of those sites - Lotto and the TAB - are unlicensed and run from overseas. Even the Auckland and Christchurch casinos run their sites from Malta. They are not illegal, but they are not licensed here so it is illegal for them to advertise to Kiwi punters. Law changes are in the wind. They won't block international organisations from operating in New Zealand, but they will allow 15 licensed operators to legally operate in the country from February next year, including allowing advertising. The aim of Internal Affairs Minister Brooke van Velden's amendment to the 2003 Gambling Act is to harness tax revenue and gain some measure of harm-mitigation. In the 2022/2023 financial year Kiwis collectively lost $2.76 billion to gambling, and Andree Froude from the Problem Gambling Foundation said with the way the industry was evolving, that figure is only going to increase. "People are just being bombarded by gambling advertisements, so that tends to normalise gambling and make it seem like it's just a normal activity or a normal part of life," she said. Van Velden announced the online gambling bill at the end of last year. Its purpose is "to regulate online casino gambling to facilitate a safer and compliant regulated online gambling market", she said. In a statement she said that, more importantly, it will prevent and minimise online gambling harm and limit opportunities for crime and dishonesty. Limited online options here have led to a boom in New Zealanders who participate in offshore online gambling, Froude said. "Although we haven't got any hard data around it, we do know from bank transaction data that people are gambling on these offshore sites." She said gambling on these sites does come with added risk, which is why the government is looking to increase the number of licensed casinos. That would give companies SkyCity and Christchurch Casino the opportunity to move their business back to New Zealand. They were operating offshore "essentially to get around our law because they've been waiting for this regulation to happen", Froude said. However, it's unclear whether either company will be successful in obtaining one of these licences. Van Velden has made it clear that New Zealand companies will not get preferential treatment over international ones. "I have considered whether or not it should be domestic priority or offshore priority. I think it's fair just to allow anybody to bid for one of the licenses, rather than try and say, just because you're here and you've been established for years in New Zealand, you're necessarily a better operator," she told RNZ in March. The bill will also be tougher on the rule breakers, with the penalty for unlicensed offshore businesses caught advertising in New Zealand increasing to $5 million. But the penalty for individuals who promote offshore gambling sites will remain capped at $10,000, which Froude believes is not enough. "If they're promoting overseas gambling illegally then the fine should be much bigger than what it currently is ... we just need to set a benchmark because promoting overseas gambling, even though it is prohibited, we've just seen so much of it," she said. A popular method for offshore companies is to use Kiwi influencers to promote their games on social media. This is illegal and the Department of Internal Affairs is cracking down on users involved in this. Many of them have been issued formal warning letters, and one influencer, Millie Elder-Holmes, has been fined $5000 for repeatedly promoting online gambling despite repeated warnings from the department to stop. Ultimately Froude said the goal is for the number of Kiwis who gamble to go down. But with these new changes, she's expecting usage to increase. "Because it's new to New Zealand, it's licensed in New Zealand. We just want to make sure that the harm minimisation measures, and the host responsibility measures are absolutely robust," she says. There are several measures Froude said the Problem Gambling foundation would like to see mandated in this bill. "We'd like to see mandatory pre-commitment, so somebody pre-determines the amount of money and the amount of time they're going to spend gambling. We would like to see credit cards being banned because people gambling with credit is really risky. "So there's lots of things that we want to see happen to make sure that we do get this right because we have concerns around [the bill] despite that. And there's lots we don't know, the devil will be in the detail with some of this." Check out how to listen to and follow The Detail here . You can also stay up-to-date by liking us on Facebook or following us on Twitter .
