As an American company, PayPal gambling transactions have always been a bit of a risk. In fact, it was only a few weeks ago that we covered stories on PayPal freezing gambling funds for some of their customers. But things are changing, and the company not only sees these changes, they want their cut of the action. PayPal is actually processing transaction for the online gambling industry, just not for players in the United States. At least not yet. The company recently changed their policy of prohibiting online gambling payments for customers in the United Kingdom. Customers there are currently…

In 2021, gambling in America set an all-time revenue record for the commercial gaming industry. Revenue reached $53 billion, according to our friends at the American Gaming Association. This total shatters the 2019 industry record of just under $44 billion by more than 20%. The industry closed the year on a high note, setting an all-time revenue record for the last quarter of the year at  $14.3 billion, which eclipsed the previous quarterly record of $13.9 billion, also from 2021. “These results are nothing short of remarkable,” said AGA President and CEO Bill Miller. “The success of 2021 reflects our…

AIBC Dubai will take place on the 20th to 23rd of March at the Festival Arena by InterContinental Hotel Dubai Festival City. AIBC Asia announced this first event for 2022, and early bird tickets for the event offering advantageously priced packages are available to purchase until the 7th of February. Dubai’s future-looking economic vision has undoubtedly pushed the emirate to the forefront of the business world, with business-friendly regulation schemes, government support, and attractive taxation benefits. With the UAE ahead of the curve when it comes to frontier industries such as AI and Blockchain, the event offers unparalleled opportunities for…

It’s no secret that the government is reviewing the suitability of the 2005 Gambling Act as an intense spotlight was shone on the industry after two turbulent years in which COVID-19 rocked the United Kingdom and the rest of the world. The 2005 Act was introduced by Tony Blair’s Labour government as a way to liberalize gambling, allowing for outdated regulations from the 1960s to be replaced. However, 16 years is a very long time in terms of technological advancements, and the 2005 Act is already horribly out of date and due for modernization. With big changes inevitably on the…

Crypto online gambling markets are breaking more and more records. Combined with smart crypto solutions, the industry opens up new opportunities for operators and players. The changing market requires iGaming providers to be innovative and flexible. The growth of crypto gambling lead to new trailblazing mechanics. One of the examples is “crush”. With the multiplayer mode, this kind of game gained popularity quickly and remains in demand among operators and especially crypto players. Space XY, by BGaming, is a crash multiplayer game that recently appeared in casinos worldwide. The game has become a part of a game package for crypto…

Data from Juniper Research has found that the value of online gambling bets soared from just over $550 billion to nearly $950+ billion in 2021. Wager levels were expected to exceed $1 trillion total spend on all digital goods and services for the first time in 2021. Juniper’s latest research, Mobile Gaming & Online Gambling: Casinos, Lotteries, Betting & VR 2016-2021, found that gambling activities were increasingly migrating to the online environment, with the majority of net growth attributable to users of mobile channels. It also argued that new technologies such as VR would provide a further stimulus to the…

Several users have come forward with accusations that PayPal is freezing gambling accounts and keeping the funds without offering any explanation as to why. And now, they are coming together to take legal action against the payment provider in a federal lawsuit. They’re also looking for more people who have faced similar situations and thinking of a class-action lawsuit. One of the plaintiffs, Lena Evans, has used PayPal for over 20 years to send cash back and forth for a poker league that she owns. PayPal seized nearly $27,000 in her account without giving her a reason why. She also…

This week’s gambling news finds Florida gambling in the headlines again, and now the battle for expanded casino gambling and sports betting is getting downright ugly! The fight between the Sands Corporation and the Seminole Tribe is wrapped up in lawsuits, legal actions, and accusations of conspiracy, sabotage, and corruption! Welcome to This Week in Gambling, where some news weeks are slow… some news weeks are busy… and some news weeks are batshit crazy! Which leads us to Florida and this week’s big story! As you may know, Florida is America’s third largest state by population. Therefore, whatever happens with…