News April 2025
Crackdown on illegal gambling influencers Legislation
Deputy Kim Kataguiri has presented a bill that includes the crime of promoting gambling in the Penal Code, intending to punish those who advertise illegal betting sites or unauthorised pages operating in Brazil. Te proposal advocates for awareness
campaigns alongside new gambling legislation in Brazil. Te text provides for imprisonment of one to four years and fines for those convicted of the practice, with the penalty doubled if the person promotes gambling or sites aimed at children and adolescents. Te increased penalty also applies to those
who use advertising techniques directed at people in vulnerable situations, if the individual promoting gambling is a digital influencer or public figure using their status to promote the
Connecticut suspends High5 Games Operator News
Te Connecticut Department of Consumer Protection Gaming Division has issued a summary suspension of the licence for online gaming service provider, High 5 Games. High 5 Games is a licensed service provider
that develops and provides online slot content for the legal gaming platforms in Connecticut. Te Gaming Division’s investigation determined that High 5 Games also illegally operates an unlicensed online casino, High 5 Casino. High5Casino was marketed by High5Games as
a legal “licensed” casino and accepted wagers from Connecticut bettors, including individuals who had signed up for the statewide Voluntary
Bally’s makes last-minute bid for Star Operator News
US operator Bally’s Corp. has made a last-minute bid to buy a controlling stake in Star Entertainment for $250m as it looks to offer an alternative to the agreement Star signed last week with Hong Kong partners Far East Consortium International and Chow Tai Fook Enterprises to sell its 50 per cent stake in the Brisbane Queen’s Wharf casino development for $53m. Bally’s wants a 50.1 per cent stake in Star but said it was ‘very open to discussing a larger
games and sites, and if the person has a stake in the profits or receives any form of commission from the advertised company. In the justification, the deputy stated that the
advertising of gambling is often directed at vulnerable groups, such as children, teenagers, and people in financial difficulties, “who are lured by the promise of easy winnings.” Coincidentally, YouTube announced the
implementation of mechanisms to block content related to illegal online gambling websites, prohibiting creators from referencing or directing viewers to illegal betting sites.
Approvals for Hard Rock’s NYC project Operator News
Whilst other New York City casino blueprints are struggling to garner overwhelming support, Metropolitan Park, the partnership between Steve Cohen and Hard Rock International to bring an $8bn casino to Citi Field in Flushing, has had its land use and rezoning proposals overwhelmingly approved by the New York City Council. Te blueprint also outlines plans for a 25-acre public
park, shops and restaurants, a Taste of Queens food hall, the restoration of the Mets-Willets Point subway station, and better roads and bike paths.
Te DCP Gaming Division investigation
determined that 1,100 Connecticut customers made deposits and gambled on the unlicensed High5Casino platform. Of those, 911 customers lost a total of $937,938, and 108 were individuals who had signed up for the Voluntary Self- Exclusion List. Customers on the Voluntary Self-Exclusion List lost nearly $300,000 on the platform. High5Games will be charged with 1,065
Self-Exclusion List. Tere are only two legal platforms licensed to accept iCasino wagers from Connecticut consumers: FanDuel and DraftKings. Tey are affiliated with Mohegan Sun and Foxwoods Casino, respectively.
transaction depending on our discussions with respect to Star’s liquidity and capital needs.’ Soo Kim, Chairman of Bally’s Corporation, said:
“We propose an alternative path that we believe will benefit all of Star’s key stakeholders, including your regulators, creditors, shareholders and employees. In short, we firmly believe that our approach of new long-term capital plus operational track record will unlock the best alternative for Star and its shareholders. We are prepared to move quickly and enter into a binding agreement with Star to implement an capital injection by 28 March 2025, with completion
criminal counts of conducting illegal gaming activity. Gaming Division Criminal Investigators will seek criminal charges for all of the violations of Connecticut’s gaming laws, for which each charge is a Class A misdemeanor carrying a penalty of up to one year in jail and a fine of up to $2,000.
following promptly following regulatory and Star shareholder approvals.” Analsyts welcomed the offer from Bally. Omkar
Joshi, Chief Investment Officer at Opal Capital Management, said: “It’s good to see different options emerging which could then avoid a voluntary administration process. Tere’s still quite a lot of work that needs to be done by Star’s board and management in comparing the plans and seeing if this latest proposal from Bally potentially brings out others as well. It does give them more time to get through their cashflow issues given the access to new liquidity which is helpful.”
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