Author: Jimmy Aki

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works. Contact him at Jimmy@beanstalk.io

China has had its hand in pretty much everything these days. And why wouldn’t it? The economy is booming, its influence is rising, and entrepreneurs from the country are heralded all over the world as visionaries. This appetite to dominate everything has led to several attempts by entrepreneurs to expand beyond the country’s borders as well. While the government is generally for growth and economic inclusion, there are sectors Beijing doesn’t necessarily support. So, business owners leave the country with wads of cash and set up somewhere else. Gambling is Outlawed in China The latest in these strings of out-of-country…

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Sports betting across the world is undoubtedly growing, despite the reluctance of some countries to allow sports wagering to thrive in their jurisdictions. Substantial progress has been made, nonetheless, even if it could take years before this sector is globally accepted. Still, while the issue of global acceptance continues, the sector has been booming online. Earlier this week, the Camelot Group, the operator of the National Lottery in the United Kingdom, reported £1 billion (about $1.3 billion) in digital sales across the first half of 2019. This is the first time in its decade-long history that it will be hitting…

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When it comes to gambling, “integrity” isn’t a word you hear around often. Gaming operators often need customers to engage in a potentially destructive activity to thrive, and this has affected their reputation over time. However, one company that is balking against this trend is LeoVegas, a popular gambling operator based out of Sweden. Last week, several industry news outlets confirmed that LeoVegas had joined the International Betting Integrity Association (IBIA), becoming the fifth company to do so.  Thanks to the move, LeoVegas.com, its largest brand, can use the IBIA’s sport setting monitoring and alert system to help in the fight against suspicious…

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The global gambling market is in a bit of a puzzle. Before now, gambling companies operated without worrying about the consequences. Times have changed. While this reckless abandon made certain countries averse to gambling, other countries are trying to paper over the cracks through regulation. Bearing these in mind, it becomes easy to understand why gambling firms set up shop in countries with a favorable regulatory framework. As gambling became popular, more regions amended their laws to attract these players. According to data from Statista, the global online gambling industry was worth about $45.8 billion in 2017, and that number…

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Law enforcement authorities in China were able to add another feather to their cap, after an investigation led to the successful closure of an illegal online gambling platform based out of Cambodia.  According to a report from local news outlet Xinhua on November 5, police in Nanchang (the capital of Jiangxi province) were able to shut down a “large-scale multinational” online gambling operation, which was alleged to have about 1.2 million users and handled about 30 billion Renminbi ($4.3 billion) in bets.  An Expansive Network Of Illegal Gambling Sites  Per the report, the gambling operation was based in Preah Sihanouk, a province…

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British lawmakers have begun to turn their eyes towards the “predatory” gambling industry, as they believe that restrictions should be put in place to help stem the growth of gambling addiction in the U.K. According to a recent report from The Daily Mail, several members of the British Parliament have called on the government to impose strict limits on the gambling amounts wagered on online betting platforms, citing this as a possible solution to the destructive effects of gambling addiction. A Blanket Restriction on Gambling  Back in May, the maximum stake on fixed betting terminals was cut from £100 ($1.29) to £2…

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The state of Michigan has taken a significant step forward in the fight for legalizing gambling, as a bill to that effect has passed through its House of Representatives. The bill was passed by the lawmakers, 24 hours after a previous version had been amended and vetted by several committees, Detroit News reports. The Lawful Sports Betting Act, which has been at the House level for a while, passed through by a vote of 63-45, thus putting more hope for the prospects of legislation for casinos and online gambling in the state before the end of 2019. The Governor’s not…

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DraftKings, one of the most popular sports betting platforms in the United States, has been making a play at getting a license to operate in the State of New Hampshire. Now, it would seem that its efforts are about to bear some fruit.  In a new assessment report published by the State of New Hampshire Lottery Commission, the Boston-based sportsbook was able to take pole position in the retail and mobile sports betting segments, thus increasing its chances of getting licensed to operate in the State during this current NFL season.  Draftkings Is Firing on All Cylinders The assessment included almost 20…

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Popular casino giant Genting has taken a significant step to bolster its gaming offering, after the company agreed to purchase Authentic Gaming from Swedish gambling firm LeoVegas AB. According to a report from industry news medium Gambling Insider published on October 29, 2019, the Malaysian entertainment operator will be paying €15 million (about $16.6 million) on a debt-free basis for Authentic Gaming, as it seeks to make a grand entrance into the online gambling space. Leveraging on Authentic Gaming’s Platform Jeremy Taylor, the Managing Director of Genting Online, explained “Our global presence in a land-based casino gives us a platform…

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FanDuel, the popular online sports betting and bookmarking company, has moved further into the United States sporting market, thanks to a new partnership with professional football team Pittsburgh Steelers. According to a report published on Gambling Insider, the deal will see both parties partner for marketing and advertising gains, while also cementing the status of FanDuel as the official daily fantasy partner of the National Football League franchise. Mutual, progressive marketing  Under the terms of the new deal, the marketing agreement will see the FanDuel brand feature prominently at the Heinz Field home of the Steelers, in addition to extensive access…

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