The rise of digital betting platforms is creating a financial literacy crisis as the distinction between gambling vs investing becomes increasingly blurred for a new generation of participants. While both activities involve risk and uncertain outcomes, the underlying mechanics of each create vastly different financial results over time. Investing is fundamentally based on the concept of ownership. When individuals purchase stocks, bonds, or other assets, they are acquiring a claim on future cash flows and productive assets. This process relies on the compounding engine of the economy to build wealth over a long time horizon. In contrast, gambling is designed…

A legal challenge filed in federal court has placed the operational model of Dave & Buster’s under significant scrutiny in South Carolina. The lawsuit, initiated by an advocacy group known as South Carolina Citizens for Equal Enforcement of Gambling Laws, alleges that the popular arcade and restaurant chain is conducting prohibited activities. The core of the legal argument suggests that the way customers interact with games at the establishment means the company is gambling under the definitions provided by state law. According to the complaint, the business model relies on customers loading money onto a digital Power Card to play…

The sports betting site Betr recently became the first American operator to ban credit cards for making gambling deposits. The use of credit cards for any form of gambling has been a point of contention between gamblers and industry opponents for years in the United Kingdom, and now Betr looks to be getting ahead of the curve here in the United States. For the past several months, This Week in Gambling has been generating sports betting headlines that warn of a potential backlash against the betting industry in this country. As gambling on sporting events continues to spread, and operators…

We’re looking at the Pac-Man Cash Chase casino skill game from our friends at Gamblit Gaming! This is a follow up to their Pac-Man Battle Casino, which is a multi-player game. While both of these casino skill games are based on the arcade classic, Pac-Man Cash Chase is a single-player game. Gamblit unveiled innovative and exciting new game titles recently, which were playable at their booth at the Global Gaming Expo, or G2E Las Vegas. Together with their partners, Bandai Namco (the original developer of Pac-Man), they have turned the iconic arcade game into a casino skill game. Pac-Man Cash…

Join the Online Event Dedicated to Operating a Betting Business During the Pandemic! The high speed of COVID-19 coronavirus spreading has led to initiation of the restricting measures in many countries. Quarantine, closing of entertainment events and rescheduling of public events are causing the immense influence on the economy and business. The crisis affected the betting market as well. Betting providers need to adapt to the situation and change their focus. Betting in face of COVID-19 online conference dedicated to operating a betting business on the EU market during the coronavirus pandemic will take place on April 17. Event will…

It’s sometimes hard to imagine, but celebrities eat, sleep and go through the same everyday experiences we do. Like regular people, they can also cave in to temptation, and try their luck at a casino game or two in the hope of striking lucky. Alternatively, they may look to sports betting for their thrills, with legalized sports bets now spreading in the United States. Ben Affleck Playing leading roles in iconic films such as Armageddon (1998) and Pearl Harbour (2001), Affleck is top of the list for good reason, with the Cali state native known for loving poker and blackjack….