News July 2025
Influx of casinos in Northern Cyprus? Operator News
Up to 32 new casinos could be allowed in Turkish- controlled Northern Cyprus with Economy Minister’ Olgun Amcaoglu stating that ‘at least 28,000 new jobs’ will be created due to casino laws being relaxed. Mr Amcaoglu said: “With these permits, it is
expected that at least 28,000 new jobs will be created. Around 40,000 people are currently employed in the tourism sector. Tere will be a significant increase in this number with the new permits. Tis situation is a great opportunity for the country’s economy. In many island countries, like Malta, the service sector is the cornerstone of development. We also need to take steps by taking this model into consideration. Casinos are also a part of this sector.” Te statement came after the government in the north voted to relax casino laws with new rules on
Illinois operators tax customers Operator News
Te decision by the Illinois State legislature to introduce a betting transaction fee for licensed operators on all sports wagers placed within the state from July will see Flutter Entertainment and DraftKings introduce their own $0.50 transaction fee on each bet placed on its platform in Illinois from September. Tis decision, explained the operators, reflects
Events Claire Williams keynote
Claire Williams OBE, the former leader of the Williams Formula 1 racing team and one of the most prominent and successful women in F1 history has been confirmed as the keynote at July’s iGB L!VE, the first edition to be held in London. Exploring the best practice parallels which can be drawn between the data- driven worlds of F1 and iGaming, Claire will be in conversation with journalist and broadcaster Nadine Dereza at the ExCeL.
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where they can be permitted and a downgrade of the ban on Turkish Cypriots from entering casinos to a €50 fine. Dogus Derya, a politician for the opposition
party CTP, warned, however: “Turkey can be inspected because it is a state within international law, but this is a place outside international law. After offshore banks, are casinos being turned into a laundering ground for dirty money again? Do we
the significant increase in the cost of operating in Illinois, driven by the new Illinois Transaction Fee. Te introduction of this fee by the state follows a substantial increase in the betting tax rate in Illinois in 2024. Following the 2024 increase, extensive efforts were made for operators to absorb the cost fully without impacting customers. Should the state reverse its decision, both
operators have said they will immediately remove the $0.50 transaction fee.
Operator News $300m Philippines resort
Subic Sun Development is on course to open Subic Sun Resort, Convention & Casino on the former US naval base in the Subic Bay Freeport Zone in the Philippines in December 2025. Te zone is a special economic hub that hosts thousands of international and local businesses. Te resort will feature 500 guest rooms, a state-of-the-art convention centre, a luxury casino, and two Accor-brand hotels, Ibis Styles and Mercure, scheduled to open in December 2025.
Events SBC Americas set for June
Tousands of professionals from across North, Central, and South America gathered last week in Fort Lauderdale from May 13–15 for SBC Summit Americas 2025. Te concept was introduced last year, as organiser SBC decided to combine SBC Summit North America and SBC Summit Latinoamérica into a single event. SBC Summit Americas will return to Fort Lauderdale next year, taking place at the Broward County Convention Center from 8–10 June 2026.
New York clamps down on sweepstakes Operator News
New York Attorney General Letitia James has ordered online sweepstakes casinos to stop operating in New York. Te Office of the Attorney General (OAG), working with the New York State Gaming Commission, identified 26 online platforms offering players slots, table games, and sports betting using virtual coins that could be exchanged for cash and prizes. New York law prohibits online platforms from offering gambling that involves risking something of value, including virtual coins that can be redeemed for cash or prizes. Because they are not subject to audits and other
regulatory oversight, Attorney General James sent cease and desist letters to the operators of these platforms, demanding that they stop all prohibited gambling activity in the state, and as a result, all 26 platforms are ending the sale of sweepstakes coins in New York.
want to be remembered in the world as a place which deals with drugs, human trafficking, and money laundering? Who are the people who are asking you to make these legal arrangements?” Casinos have been a huge business in the TRNC
since Turkey outlawed casinos on the mainland in 1997, employing 80,500 people. Tere are approximately 30 casinos with the majority located in Kyrenia, Famagusta and Nicosia.
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