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real money gaming platform Fantok has suspended operations citing the impact from the Goods and Services Tax (GST) Council’s decision last month to impose a 28% levy on the full face value of gaming transactions. “The evolving landscape of regulatory measures in the real money gaming sector in India, as announced earlier this year, has presented complex legal hurdles that have forced us to reevaluate our direction,” the bootstrapped company said in a LinkedIn post. This has come in the light of several real money gaming platforms either cutting down scale or halting operations altogether following the GST announcement. Notably, the new levy is yet to be implemented, and is only expected to come into force from October. “Our legal advisors have indicated that the current environment creates uncertainties that we cannot ignore.

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Bruce Mathieson, the billionaire businessman who made his fortune in pubs, has formally asked the NSW casino regulator for permission to increase his stake in Star Entertainment, a clear signal of his long-term ambitions to gain a larger holding in the embattled wagering group.

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“A theory, however elegant and seemingly foolproof is only as good as its implementation. The real world isn't a well-behaved mathematical model; it's chaotic, unpredictable. The smallest oversight in execution can make the greatest of strategies crumble." In a famous speech, Nobel Prize-winning mathematician John Nash stressed the importance of a robust strategy supported by a solid execution plan.

The gambling industry has historically been one of the first movers to take advantage of new technology, like the internet in the early 1990s. Now, it’s also making a move into cryptocurrency, launching a new class of tokens known as GambleFi coins.

Telegram allows developers to create and launch automated bots. This streamlines a range of tasks for Telegram's 700+ million users. Examples include everything from casino and card games to recipe generators and travel suggestions. 

Telegram allows developers to create their own bots, so users now have access to hundreds of independent games. 

With over 700 million monthly active users, Telegram is one of the most popular messaging apps globally. Telegram now facilitates other niches - including online gambling. 

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Oaktree Capital, the special situations specialist which has repeatedly tried to get into Australia’s wagering industry, is working with Bain Capital on one of the hottest refinancing deals of the year – Star Entertainment.

Amazon-owned Twitch said Wednesday it's expanding the ban on livestreams of gambling content on the platform

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