Japan’s Universal Entertainment cancels plan to acquire Emerald Bay casino project in the Philippines  

In the wake of the UK Conservative Party’s disintegration, a moment of introspection looms large amongst Conservatives with the question of whether they can ever muster the popularity needed for a resurgence. The betting markets, ever the barometer of public sentiment, have already begun speculating on the potential successors to the party’s leadership. The names of Kemi Badenoch, Tom Tugendhat, and Priti Patel are being bandied about as the top contenders. Intriguingly, Boris Johnson, despite his current status as a non-MP, has also found a place on this speculative list, underscoring the unpredictability of political fortunes.

Given the circumstances, the volatility that characterizes the current political climate implies a precarious position for the Labour Party. If it falls short of fulfilling its manifesto commitments, it could very well find itself facing a defeat as monumental and crushing as the one the Tories have just experienced. Keir Starmer stands on shaky ground, with no assurances that the political figure landing the knockout punch may eventually be no other than Nigel Farage.

Here are the latest betting odds for the next leader of the UK Conservative Party.

The UK political landscape is the heightened volatility of British voters, who are increasingly open to exploring their options. This trend is the offspring of the financial and the weak UK economy, the scars of which are visible in the country's current sluggish productivity and growth. British voters are clearly concerned about the state of the UK, a sentiment that has fuelled the dramatic electoral swings since 2008.

In the aftermath of the recent Tory defeat, a result that was largely anticipated, the political landscape has been left with a number of high-profile figures who failed to make their mark. Among them is Liz Truss, whose prospects of becoming the next leader of the Conservative Party seem to be virtually non-existent.

Despite her brief tenure as Prime Minister, a period marked by problems and uncertainty, it comes as no surprised that the odds set by bookmakers do not favour her. This is a clear reflection of the current political climate and the voice of the British public, which has been resoundingly heard. The electorate’s verdict at the polls leaves little room for Truss’s political comeback, casting a shadow over her future within the Conservative Party.

Yet, Truss will always have a place in history, albeit for being among the top three shortest-serving Prime Ministers.

The story of Liz Truss is a vivid illustration of the unpredictable nature of politics, the fact that political fortunes can rise and fall rapidly, and that today’s leader may not necessarily be tomorrow’s frontrunner. As we look ahead, the question remains: who will rise from the ashes of this defeat to lead the Conservative Party into its next chapter? Only time will tell.

“We are delighted to partner again with Rush Street Interactive for another momentous launch in Delaware.” - Jacob Claesson, Evolution CEO for North America.

Evolution has revealed the exciting news of the debut of their new online live casino in on 2 July 2024. Collaborating with , Evolution has crafted an immersive online live casino tailored for players in Delaware’s regulated gaming market. This captivating experience has been made accessible at Delaware Park Casino, Bally’s Dover Casino Resort, and Harrington Raceway & Casino.

Following a partnership with the Delaware Lottery in 2023, BetRivers expanded its presence in the local market, offering its products to individuals interested in both betting and gaming. Players can now access the Delaware Park and Harrington sites through the BetRivers multi-state platform. Furthermore, Bally’s Dover Casino Resort has introduced its standalone app, allowing players to enjoy a variety of live casino games, including Live Roulette, Infinite Blackjack, Baccarat, Craps, Three Card Poker, Ultimate Texas Poker, and Blackjack through the platform.

The arrival of BetRivers, an online gaming platform operated by Rush Street Interactive, has significantly influenced the iGaming industry in Delaware. This platform’s entry has been instrumental in driving substantial growth and building a good environment within the market.

“BetRivers in Delaware is thrilled to offer players the chance to virtually play on Evolution’s world-renowned live tables. We are confident that the live dealer online casino will be very popular as the live dealer games offer the same level of excitement as playing in a land-based casino. “- Richard Schwartz, Rush Street Interactive CEO.

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The Department of Veterans Affairs has declared that the number of active or retired members of the US army showing signs of problem gambling is rising significantly. In some regions of the US, more than 10 percent of military members are problem gamblers.

Concerned about the surge in gambling addiction within the US army, the Department of Veterans Affairs initiated research on the issue. Currently, the army is conducting a large , with results expected by the end of 2024. Preliminary findings indicate that military members are not only more vulnerable to gambling-related disorders compared to civilians, but are also less likely to report them and seek help.

Heather Chapman, a clinical psychologist and director of the national gambling treatment programme for the Department of Veterans Affairs, told CNBC: “All of a sudden, we started to see a lot of people with gambling problems calling and asking for some help.”

revealed that over 3,100 slot machines were installed in US military bases abroad. These slot machines are viewed as a recreational activity that boosts troop morale - and generate more than $100 million in revenue per year for the army. Soldiers as young as 18 can gamble in some of these foreign countries. Meanwhile, slot machines are not permitted on military installations within the US.

Many gambling operators actively target the military. In Washington state, seven casinos opened less than 20 minutes away from one of the largest military bases in the US. Additionally, casinos and sportsbooks often send targeted promotions to military members, especially around Independence Day. Some casinos even offer free-play to soldiers.

However, as awareness of the issue grows, some operators have stopped targeting military members altogether. Others have gone further by funding programmes to address the problem.

Dave Yeager, a former Army Staff Sergeant, published a book to help other military personnel facing problem gambling: Fall In: A Veteran with a Gambling Addiction. In this book, he explains how his addiction cost him his family and his position in the army, detailing incidents such as stealing petty cash and bankrupting his family to fuel his addiction. Yeager shares how some counsellors and commanders in the army failed to understand the severity of his illness.

His book also covers his journey toward recovery. Kevin Wensing, a retired US Navy Captain and Veterans Advocate, said, "Dave is an inspiration for millions who have become collateral damage from gambling and continue to be tempted by the massive advance of online sites that feed addictive behaviour. His story is a beacon of hope and the lessons he offers will help all who are committed to raising problem gambling awareness and providing the needed tools to avoid harm."

The Department of Veterans Affairs operates two treatment centres and collaborates with many civilian-run programmes across the country. To encourage soldiers to seek help for gambling addiction, the military has reiterated that no soldier will be penalised for coming forward and seeking treatment. Additionally, the Department of Defence now uses the annual health physical to look for signs of gambling addiction.

The rapid expansion of the online gambling industry, particularly in the U.S., raises critical questions about the uniformity and adequacy of regulatory frameworks across different jurisdictions. The discrepancy in the regulatory landscape between the U.S., UK, and Europe is stark. Companies like Flutter and Entain, which have acknowledged and rectified potentially harmful practices in the UK, continue to employ these same practices in the U.S., where the market is less mature and regulatory scrutiny is less intense.

This situation prompts many grey areas: Should there be a global, uniform standard for responsible gambling? While this idea might seem appealing, it opens up a minefield of challenges, given the varying degrees of regulation enforcement across different countries and states. However, the need to tackle problem gambling from a corporate viewpoint is undeniable. Thes, including the use of practices deemed too risky for the UK market but used in the booming U.S. online gambling industry.

The question remains: How can the industry ensure that the race to capitalize on this rapidly growing sector does not overshadow the need for robust, uniform, and effective regulations that prioritize customer protection? The answer to this question will require careful consideration, collaboration among stakeholders, and a commitment to prioritizing the well-being of customers over profits. The stakes are high, and the time for action is now.

The special Reuters reportbrought to light that Flutter and Entain in the US market that have abandoned in the UK due to regulatory concerns.

The focus of the report is on the differences in regulatory environments between the US and the UK, highlighting how these companies have not implemented the same safeguards in the US that they have in the UK. This includes practices like VIP programmes and high betting limits that can lead to problem gambling.

In the UK, stricter regulations have led to the curtailment of certain practices to protect gamblers, which are still being used in the U.S. The report points to some case studies with examples of individuals who lost large sums of embezzled money through gambling on platforms like FanDuel. It also examines how these companies justify their different approaches in the US and Britain, and the potential harm it is bringing to US gamblers.

For example reference is made to a case in 2018, when the UK branch of the online gambling giant Flutter was penalized by British regulators due to an extraordinary oversight. The director of an animal shelter had been misappropriating funds from his workplace to finance his compulsive betting habits, resulting in losses exceeding half a million dollars over a four-year period, as reported by the charity where he worked. The gambling regulatory authority compelled Flutter to pay approximately $2.8 million for failing to safeguard customers from evident unregulated gambling and for failing to prevent the use of pilfered money.

Peter Jackson, the Chief Executive of Flutter, publicly expressed regret for not stepping in, stating that the company had an obligation to intervene “when our customers exhibit signs of problem gambling.”

It is also interesting to note that FanDuel and BetMGM, two major players in the U.S. online gambling industry, collectively account for approximately 50 percent of the country’s net revenues from this sector. Flutter, the parent company of FanDuel, has been questioned about its practices in the U.S., which have been identified as potentially harmful in the UK. In response, Peter Jackson, the CEO of Flutter, stated that the company is dedicated to maintaining high customer protection standards across all its operational markets. He gave his reassurance that Flutter’s role was to lead the industry towards higher standards.

He explained how Flutter operates in strict compliance with the rules and regulations of the jurisdictions it is licensed in and tailors its strategies to the local markets it serves, taking into account their maturity and competitive landscape. The U.S. is Flutter’s largest and fastest-growing market in terms of revenue, with its FanDuel brand recording over $40 billion in online bets last year.

BetMGM’s co-owner, Entain, operates in numerous markets and believes that a ‘one size fits all’ approach would not be feasible or commercially viable. Rob Wood, Entain’s CFO, acknowledged that the U.S. market is still in its early stages and lacks the level of protections seen in the UK. However, he defended BetMGM’s practices, asserting that the company does not compromise on standards.

BetMGM, the third-largest online gambling company in the U.S. by revenue, is a joint venture with casino operator MGM Resorts International. The company is committed to providing a safe environment for customers and exceeding its regulatory obligations to ensure a positive player experience. MGM Resorts did not respond to requests for comment.

A customer of Jackson’s, this time in the United States, fell into an even deeper spiral of uncontrolled gambling, wagering millions of dollars of stolen money through Flutter’s U.S. brand, FanDuel. Amit Patel, who was then a mid-tier finance manager at the Jacksonville Jaguars football team, transferred $20 million of his employer’s money into his FanDuel account between 2019 and early 2023. He subsequently lost the majority of these embezzled funds, according to court records. Both Patel and the head of the British animal shelter admitted to committing fraud.

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