An intermediate aged boy who was spending all night online gambling racked up $16,000 on his mother’s credit card, Mapu Maia chief executive Pesio Ah-Honi said. Photo: 123RF Children as young as 11 are racking up thousands of dollars in debt because of online gambling, according to a support service. The head of Mapu Maia...
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SkyCity to sell stake in Gaming Innovation Group for $55 million
(file image) Photo: RNZ / Marika Khabazi SkyCity has made a deal to sell its stake in European-based online gaming platform Gaming Innovation Group (GiG). The casino operator said proceeds from the sale of its 10 percent would result in a net return of about $55 million after brokerage and legal costs, which was a...
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Illegal betting app operators shifting base from Dubai to Sri Lanka
In response to increased scrutiny on the online gambling empire Mahadev in Dubai, illegal betting rings are reportedly shifting operations to Sri Lanka. The move comes as Dubai faces a heightened investigation into online gambling activities, prompting some operators to seek refuge in the more benign and affordable environment of Sri Lanka. Offshore call centres...