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Codere Finalized Its Global Recapitalization, Reduced Debt by $1 Billion
Codere finalized its global recapitalization procedure and announced that it had reduced its debt from $1.52 to $207 million. In addition, the Spain-based operator aimed to change its capital structure. The company started in 1980 and pioneered retail sports betting...
Jennifer Tilly Exits High Stakes Poker After Losing Huge Pot
It is the tenth episode of High Stakes Poker Season 13 on PokerGO, and it started with Justin Gavri winning two straight six-figure pots. However, the excitement doesn’t stop there. The other players at the table matched Gavri’s winnings with huge pots of their own....
Restrictions Imposed on Brazilian Gambling Industry Payments
The government announced plans to restrict Brazilian gambling industry payments as part of a broader effort to regulate the sector. However, lawmakers are still deciding on specific regulations. The Ministry of Finance scheduled discussions with legal sportsbook...
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Experts Urged Korean Government to Set Up a Gambling Regulator to Oversee Integrated Resorts
Tourism experts are asking the South Korean government to create a gambling regulator to supervise the country’s integrated resorts. They say this would ensure the industry’s sustainable growth. Panelists at a recent Korea Times Global Business Club event discussed future strategic directions for Korean-style...
Brazil Gambling Industry Moves Forward with New Bingo and Casino Bill
Good news for the Brazil gambling industry. A new bingo and casino bill will expand the sector by allowing instant-win games and land-based casinos. Also, it calls for more effective regulation. Bill 2234/2022 got approval from the Constitution and Justice Committee...
Meridianbet Receives South Africa Sports Betting License
Meridianbet, a subsidiary of Golden Matrix Group, received the green light from the Western Cape Gambling and Racing Board. The company has applied for and received a sports betting license in South Africa. Thus, it can offer sports wagering services in the country....
Singapore Starts Second Phase of Casino Resort Development
When Lawrence Wong became the Prime Minister of Singapore last month, one of the things that came up was casino resorts. Under the former PM Lee Hsien Loong’s leadership, the city-state opened two casino resorts in 2010. Under the new leadership, Singapore will start...