Finance
Latest Finance news and updates from across the iGaming industry
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Ireland Betting Industry Warns of Higher Duty Impact
Ireland’s betting industry is opposing proposed betting duty increases, warning of shop closures, job losses and black-market growth, while former Paddy Power chief Stewart Kenny supports higher taxes on online casino operators.
Brazil Considers Online Casino Ban Amid Election
Brazil is considering an executive order to ban online casino games while keeping sports betting legal, potentially affecting licensed operators, government tax revenue, sponsorship spending and triggering compensation claims.
European Illegal Gambling Market Hits €12 Billion
A new Euromat report estimates Europe’s illegal online gambling market at €12 billion, representing around 25% of online gambling activity, while warning that tighter regulation could encourage some customers to seek less regulated channels.
South Korea Casinos Eye Tourism-Led Growth in 2026
South Korea’s record inbound tourism is expected to support foreigner-only casinos, particularly mass-market gaming, while Chinese VIP demand remains uncertain and proposed levy changes could affect operators.
Brazil SPA Blocks 66,482 Illegal Betting Domains
Brazil’s SPA blocked 66,482 unauthorized betting domains and removed 1,511 profiles. The regulator also processed 103 sanctioning cases, issued R$18.019 million in fines and collected R$3.091 million.
1win Expands Crypto Offering With Solana USDC
1win has expanded its crypto offering with USDC deposits and withdrawals via Solana, while participating in a Nepal relief campaign and preparing for the upcoming 1win Token TGE.
Indonesia Probes 1.49M Aid Recipients Over Gambling Links
Indonesia is reviewing 1.49 million social aid recipients flagged for potential online gambling links, alongside more than 10,000 suspected identity misuse cases involving low-income citizens.
Brazil Sets Process to Recover Illegal Betting Funds
Brazil has established an administrative process to potentially recover more than R$1 billion linked to illegal fixed-odds betting. Funds could be transferred to the National Public Security Fund following administrative proceedings and judicial confirmation of forfeiture.
Singapore Betting Tax Collection Hits SGD3.6 Billion
Singapore collected SGD3.6 billion in betting taxes during fiscal year 2025, marking 11.9% annual growth. Despite the increase, betting taxes remained broadly stable as a share of total tax revenue at 3.7%.
Indonesia Police Bust $56.6m Online Gambling Ring
Indonesian police have uncovered an online gambling network that processed more than IDR1.03 trillion in transactions, arrested five suspects and frozen IDR51 billion, while investigators continue searching for a sixth person believed to direct the operation.
The Star Sydney Could Regain Casino Licence
The Star Sydney could regain its casino licence by the end of September if it meets strict regulatory conditions. The company will remain under NICC scrutiny, with another suitability review expected within 12 to 18 months.
India Detects INR700bn in Illegal Gaming Transactions
India’s Directorate General of GST Intelligence identified INR700 billion in illegal online gaming and betting transactions during one financial year and proposed enhanced payment-data requirements to help authorities trace fund flows and investigate suspected money laundering.
Brazil Senate Preserves Sports Betting Revenue Allocation
Brazil’s Senate Constitution and Justice Committee removed a proposal to redirect fixed-odds betting revenue to public security funds, preserving existing sports allocations and helping avoid an estimated R$500 million annual reduction in sector funding.
Ireland Cracks Down on Pub-Based Betting Accounts
Ireland is moving to end betting arrangements operated through pub accounts as regulators tighten enforcement, strengthen identification requirements and examine potential money-laundering risks linked to wagers placed through publicans.
AI Baccarat Side Bets Raise Advantage-Play Risks in Asia
AI-assisted baccarat side-bet strategies are creating new challenges for Asian casinos, with players identifying mathematical advantages across multiple wagers. Differential Labs estimates advantage-play leakage costs operators between US$500 million and US$700 million annually.
ANJL Challenges Brazil Betting Tax Investigation
Brazil’s ANJL has challenged a betting investigation involving activity before the country’s current regulatory framework, arguing that taxation during the earlier period raises constitutional concerns and that companies should be assessed under the rules then in force.