Tag #Online Gambling

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nrc.nl

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Feb 8, 19:10

Brazil's Online Soccer Betting Crisis

Online soccer betting in Brazil has exploded since its 2018 legalization, causing a gambling addiction crisis impacting the national economy, with 2 million Brazilians, primarily young adults, severely addicted and a fifth of Bolsa Família funds used for gambling.

Brazil's Online Soccer Betting Crisis

Online soccer betting in Brazil has exploded since its 2018 legalization, causing a gambling addiction crisis impacting the national economy, with 2 million Brazilians, primarily young adults, severely addicted and a fifth of Bolsa Família funds used for gambling.

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No Poverty

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What is the impact of the explosive growth of online soccer betting in Brazil on the national economy and its citizens?

In Brazil, online soccer betting, legalized in 2018, has exploded, leading to a gambling addiction crisis. The Central Bank reports nearly \$600 million USD spent monthly, with 2 million Brazilians, many young, severely addicted. This impacts the economy, with increased debt and defaults.

aljazeera.com

🌐 85% Global Worthiness

Jan 31, 19:08

Argentina's Teenage Gambling Crisis: Poverty, Deregulation, and a Looming Regulatory Battle

In Argentina, approximately 25% of students aged 12-19 gamble online, primarily due to poverty; this trend is exacerbated by deregulation under President Milei, despite a proposed bill to regulate online gambling facing opposition.

Argentina's Teenage Gambling Crisis: Poverty, Deregulation, and a Looming Regulatory Battle

In Argentina, approximately 25% of students aged 12-19 gamble online, primarily due to poverty; this trend is exacerbated by deregulation under President Milei, despite a proposed bill to regulate online gambling facing opposition.

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Reduced Inequality

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How do economic factors and social norms contribute to the rise of online gambling among Argentine teenagers?

The rise in teenage online gambling in Argentina is linked to economic instability, increasing poverty (over 50% in the past year), and a lack of alternative opportunities, particularly in rural areas. The prevalence is higher among boys (34%) than girls (13%), fueled by the normalization of gambling within communities and aggressive advertising by betting platforms.

kathimerini.gr

🌐 85% Global Worthiness

Dec 31, 10:10

Allwyn to Acquire 51% Stake in Novibet for €217 Million

Allwyn International, controlling 50.18% of OPAP, will acquire a 51% stake in Novibet, an online betting and gaming group, for €217 million plus potential earnouts up to €110 million, pending regulatory approvals by the second half of 2025, to strengthen its online presence and technological capabil...

Allwyn to Acquire 51% Stake in Novibet for €217 Million

Allwyn International, controlling 50.18% of OPAP, will acquire a 51% stake in Novibet, an online betting and gaming group, for €217 million plus potential earnouts up to €110 million, pending regulatory approvals by the second half of 2025, to strengthen its online presence and technological capabil...

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Decent Work and Economic Growth

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How will this acquisition impact Novibet's operations and its existing management structure?

This acquisition aligns with Allwyn's strategy of selective acquisitions in related product, technology, and content sectors to support its growth. Novibet, employing over 1,000 people across Malta, Greece, and Brazil, operates in markets including Brazil, Cyprus, Greece, Ireland, and Mexico, bringing valuable technological capabilities and online sports betting expertise to Allwyn. Allwyn already controls 50.18% of OPAP.

nos.nl

🌐 85% Global Worthiness

Dec 16, 07:09

Legalized Online Gambling in Netherlands Fuels Addiction Surge Among Young Adults

The legalization of online gambling in the Netherlands in 2021 led to a 340% increase in young adult accounts and a subsequent rise in gambling addiction, with one clinic reporting an increase from 17 to 83 young adult patients treated for online gambling addiction between 2022 and 2023.

Legalized Online Gambling in Netherlands Fuels Addiction Surge Among Young Adults

The legalization of online gambling in the Netherlands in 2021 led to a 340% increase in young adult accounts and a subsequent rise in gambling addiction, with one clinic reporting an increase from 17 to 83 young adult patients treated for online gambling addiction between 2022 and 2023.

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Good Health and Well-being

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What is the immediate impact of the 2021 legalization of online gambling in the Netherlands on young adults?

Elias, a 28-year-old man, spent five years struggling with gambling addiction, losing €100,000. His addiction began at 18 and intensified after the 2021 legalization of online gambling in the Netherlands, which saw a 340% increase in young adult accounts.

abcnews.go.com

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Dec 5, 01:11

Model Legislation Proposed for Internet Gambling

The National Council of Legislators from Gaming States proposed model internet gambling legislation, suggesting a 15–25% tax rate, a credit card deposit ban, and strict oversight, aiming to standardize regulations across states and generate revenue.

Model Legislation Proposed for Internet Gambling

The National Council of Legislators from Gaming States proposed model internet gambling legislation, suggesting a 15–25% tax rate, a credit card deposit ban, and strict oversight, aiming to standardize regulations across states and generate revenue.

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How does the proposed legislation address consumer protection and responsible gambling, and what is the rationale behind the suggested tax rate?

The proposal, mirroring New Jersey's successful model, promotes consumer protection and responsible gambling practices. It includes deposit limits and a government regulatory agency, addressing concerns surrounding potential harms and ensuring fair play. This standardization aims to prevent a fragmented regulatory landscape.

usa.chinadaily.com.cn

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Feb 8, 07:07

China Cracks Down on Cross-Border Gambling, Arresting 11,000

Chinese police investigated 73,000 cross-border gambling cases in 2022, dismantling over 4,500 online platforms and arresting 11,000 suspects; this involved international cooperation with countries like Thailand and Myanmar to repatriate over 3,700 suspects.

China Cracks Down on Cross-Border Gambling, Arresting 11,000

Chinese police investigated 73,000 cross-border gambling cases in 2022, dismantling over 4,500 online platforms and arresting 11,000 suspects; this involved international cooperation with countries like Thailand and Myanmar to repatriate over 3,700 suspects.

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Peace, Justice, and Strong Institutions

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How does China's cooperation with other countries contribute to its efforts against cross-border gambling?

The Chinese government's intensified efforts against cross-border gambling reflect a broader strategy to combat transnational crime and protect its citizens from financial exploitation. The repatriation of over 3,700 suspects highlights the commitment to prosecuting offenders.

global.chinadaily.com.cn

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Jan 17, 07:09

China, ASEAN to Jointly Combat Online Fraud, Human Trafficking

China and the Association of Southeast Asian Nations (ASEAN) are jointly combating online gambling and telecom fraud originating from the Myanmar-Thailand border, aiming to rescue victims and dismantle criminal networks through strengthened law enforcement cooperation.

China, ASEAN to Jointly Combat Online Fraud, Human Trafficking

China and the Association of Southeast Asian Nations (ASEAN) are jointly combating online gambling and telecom fraud originating from the Myanmar-Thailand border, aiming to rescue victims and dismantle criminal networks through strengthened law enforcement cooperation.

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Peace, Justice, and Strong Institutions

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How are the recent crackdowns on telecom fraud dens in Myanmar impacting the criminal organizations' operations and strategies?

The collaboration targets transnational criminal organizations preying on Chinese citizens lured by false promises of jobs or free travel. Recent crackdowns, while successful in disrupting some operations, have led criminals to relocate within Myanmar, highlighting the challenges of cross-border crime.

news.sky.com

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Dec 18, 19:12

Illegal Roblox Casinos Shut Down After Sky News Investigation

Following a Sky News investigation, two illegal online casinos, Bloxmoon and RBLXWild, that allowed children to gamble using Roblox logins, permanently shut down after the Gambling Commission took action; a third, BloxFlip, also closed.

Illegal Roblox Casinos Shut Down After Sky News Investigation

Following a Sky News investigation, two illegal online casinos, Bloxmoon and RBLXWild, that allowed children to gamble using Roblox logins, permanently shut down after the Gambling Commission took action; a third, BloxFlip, also closed.

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Reduced Inequality

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How did the ease of converting Robux to cryptocurrency facilitate illegal gambling and harm to children?

These illegal casinos exploited Roblox's popularity among children (42% under 13) to facilitate underage gambling. The ease of converting in-game currency to real money, combined with the addictive nature of gambling, led to significant financial losses for some young users. The Gambling Commission's intervention highlights the need for stronger protections.

forbes.com

🌐 85% Global Worthiness

Dec 9, 22:09

Online Gambling Boom: Economic Gains Versus Social Costs

The explosion of legalized online sports betting across 38 states since 2018 has generated over \"$11 billion in revenue in 2023\", but also increased problem gambling, particularly among low-income communities and young adults, despite 75% of Americans supporting regulation and 96% of gamblers losi...

Online Gambling Boom: Economic Gains Versus Social Costs

The explosion of legalized online sports betting across 38 states since 2018 has generated over \"$11 billion in revenue in 2023\", but also increased problem gambling, particularly among low-income communities and young adults, despite 75% of Americans supporting regulation and 96% of gamblers losi...

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Reduced Inequality

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What are the immediate economic and social consequences of the surge in online sports betting?

Since the 2018 Supreme Court ruling, 38 states have legalized sports betting, leading to an \"$11 billion industry in 2023 projected to reach $45 billion by 2030\" (Goldman Sachs). This boom, fueled by increased accessibility and aggressive marketing, has significantly increased state tax revenue but also raised concerns about problem gambling, particularly among vulnerable populations.

bbc.com

🌐 65% Global Worthiness

Nov 18, 13:03

Fortune Tiger Game and Scams in Brazil

This article investigates the popularity of the Fortune Tiger online slot game in Brazil and the fraudulent schemes that have exploited its popularity.

Fortune Tiger Game and Scams in Brazil

This article investigates the popularity of the Fortune Tiger online slot game in Brazil and the fraudulent schemes that have exploited its popularity.

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What is the role of PG Soft in the Fortune Tiger scams?

The Fortune Tiger game, developed by the Malta-based company PG Soft, has become incredibly popular in Brazil, despite the illegality of slot machines in the country.

Showing 13 to 22 of 22 results