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Tag Archives: Million

New Jersey Spent $8.5 Million Fighting Sports Betting Ban

When the citizens of New Jersey approved a measure allowing sports betting in Atlantic City casinos, if sports betting were actually legalized, they knew they were in for a fight. Now, nearly eight years later, the bill for that fight is coming in and it’s clocking in at around $ …

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$530 Million Bitcoin Heist Leaves Investors Holding the Bag

Coincheck, a Japan-based cryptocurrency exchange, is reeling after being hit by hackers who looted $ 530 million worth of bitcoin from 260,000 site users. The electronic heist is the largest known grab of electronic cash on record and is sending shock waves through the bitcoin world. Word of the heist …

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Poker.com Domain Goes on the Market…for $20 Million

An ambitious, and anonymous, group of entrepreneurs is looking to sell the Poker.com domain for the low, low price of just $ 20 million (USD). While it may seem like a stretch, there’s a very real chance that the owners of this very valuable piece of internet real estate could …

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888 Hit with $10 Million Fine for Failing to Protect Problem Gamblers

The UK Gambling Commission (UKGC) hit 888 Holdings, Inc. with a whopping $ 10 million fine for failing to adequately protect problem gamblers against their own, self-destructive behavior. The fine comes after months of investigation and could have resulted in the ultimate penalty; a suspension of the company’s UK gambling …

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IGT Selling DoubleDown Social Casino for $825 million

International Gaming Technology (IGT) is set to sell its DoubleDown social casino to DoubleU Gaming for $ 825 million. The acquisition also includes an extended strategic partnership between the two social casino giants. The deal is a very positive move for IGT, which acquired the DoubleDown Social Casino from its …

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IGT Selling DoubleDown Social Casino for $825 million

International Gaming Technology (IGT) is set to sell its DoubleDown social casino to DoubleU Gaming for $ 825 million. The acquisition also includes an extended strategic partnership between the two social casino giants. The deal is a very positive move for IGT, which acquired the DoubleDown Social Casino from its …

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Tabcorp Fined $35 Million for Compliance Violations

Tabcorp, a well-regarded Australian operator, will be paying $ 35 million in fined for its failure to comply with Aussie anti-money laundering laws. The massive fine is the result of more than 100 instances of non-compliance and is taking a heavy toll on the company’s bottom line. The fine is …

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Baazov Sells $99 Million Worth of Amaya Gaming Stock

Former Amaya Gaming CEO David Baazov has divested himself of $ 99 million (USD) worth of his old company’s stock. The surprise move leaves Baazov with plenty of cash to fund his ongoing legal defense and was also applauded by Toronto Stock Exchange investors. Baazov’s big deal, as it turns …

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