ReadWrite

1 month ago | readwrite.com | Suswati Basu

British bookmaker Corbett has been hit with a large fine of nearly £700,000 ($906,000) for reportedly not doing enough to promote responsible gambling and prevent money laundering. The company has agreed to pay £686,070 ($888,193) after the UK Gambling Commission found serious flaws in its anti-money laundering and safer gambling policies. Corbett, which runs 36 betting shops across Britain, failed to step in when customers were gambling large sums in short periods.

1 month ago | readwrite.com | Graeme Hanna

The Philippines’ gaming industry has recorded 25% growth over the last year, despite the ban on Philippine Offshore Gaming Operators (POGOs). The sector returned Gross Gaming Revenue (GGR) of PHP 410 billion ($7.15b). Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco delivered the update during his address at the ASEAN Gaming Summit in Manila.

1 month ago | readwrite.com | Paul McNally

The world hosts many unique casinos in many amazing locations, but the one planned here may just about be in one of the most isolated countries on the planet. North Korea, not normally known for brazen attempts to attract foreign investment, started building the 105-floor Ryugyong Hotel in Pyongyang back in 1987 – no, that is not a typo.

1 month ago | readwrite.com | Suswati Basu

A Texas woman who hit an $83.5 million jackpot back in February is now being told she might never see her winnings. The Texas Lottery Commission (TLC) warned her about the issue as the Texas Rangers launched an investigation into the lottery drawing. She bought her winning Lotto Texas ticket using Jackpocket, a DraftKings-owned courier service, but the actual ticket was purchased from a convenience store in Austin.

1 month ago | readwrite.com | Sophie Atkinson

Police in the Isle of Man carried out a raid at an e-gaming office block last week (March 12), and two arrests were made. It was at the offices of Ableton Prestige Global Limited and Amiga Entertainment Limited where the raid was carried out, with the two people arrested now having been released on bail. The Isle of Man is a self-governing British Crown dependency located in the Irish Sea between England and Ireland.