Headlines were popping after Mark Cuban announced he was participating in an initial coin offering. The billionaire owns the Dallas Mavericks and stated the offering would be made using one of his portfolio companies. An initial coin offering refers to the sale of virtual tokens with the ability to bet on eSports machines through the…
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There is much concern over fixed odds betting in the UK. Fixed odds betting terminals are responsible for an exorbitant amount of money lost, resulting in losses by players of over 1.8 billion pounds per year. The primary concern is that these machines are highly addictive, and gamblers can lose a substantial amount of money…
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British Columbia’s crackdown on illegal gambling houses, money laundering, and other illegal activities continues, and recently resulted in two successful raids. Nine people are under direct investigation relating to the possible crimes. In April 2016, Finance Minister Michael de Jong suspected that illegal gambling was providing cover for high-level organized crime in Vancouver and other…
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Since 2013, there has been a hacker targeting Canadian casinos and mining companies for the purpose of extortion. Researchers at FireEye Inc, a cyber security company, claimed in a report that the hacker is planning more attacks. FireEye has dubbed the hacker FIN10 and believes that it either is a single hacker or a hacker…
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In the past, gambling was illegal. However, times have changed, and just like any other social activity, gambling has been legalized to the point of traders being allowed to acquire trading licenses. Unlike in the past when the government would prosecute gamblers, the same government is now in the front lead of gambling controllers. A…
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Cybercriminals Stalking Their Next Small Business Victim Cyber crime continues to grow, and small businesses are now ranked very high on the target list. Why are hackers attacking smaller companies rather than the larger, more financially secure firms? The small business is unprotected. Easy to attack the smaller company who does not have the financial…
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China is a country with a robust gambling history going back thousands of years. Whether it's sports betting, national lotteries followed at home, or traveling to glittering casinos, the Chinese can be counted on to enthusiastically participate in games of chance. However, this national enthusiasm for gambling hasn't been without its issues. After an extended…
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The Gambling Commission watchdog agency has started an investigation into online casino company 888 to see if they are doing enough to protect their customers. Most casinos are expected to have socially responsible tools to help punters manage their gambling and help with gambling addiction. Some of the most common tools are “self-exclusions,” which allow…
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One of the older hotels on the North Las Vegas Strip used to be known as the Sahara. A few years ago the casino was purchased by new owners who upgraded the casino. The complete remodel was at a cost of $415 million and the casino was then called the SLS Las Vegas. The Las…
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Tatts Group is a lottery company that services Australia as a whole. It has various subsidiaries that concentrate on various sectors of the country. Its subsidiary, Tatts Lottery, concentrates on lotteries in Victoria. The recent acquisition by Tatts Lottery of the Victorian Public Lottery license means that they have exclusive right to conduct lotteries in…
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