MENA NEWS

Shiba Inu leads the way for rising trend in crypto casinos

Shiba Inu, a prominent player in the crypto world, is being accepted by an increasing number of casinos as a payment method, marking a revolutionary change in the online casino landscape with the advent of cryptocurrencies. This transformation is further propelled by the rise of crypto casinos, which are gaining popularity for their security, transparency, and convenience, as they allow transactions using digital currencies like Bitcoin, Ethereum, and of course Shiba Inu.

Betting on the future: Chris Rokos wins the financial game with a profit exceeding $1 billion

Rokos Capital Management, has managed to amass profits exceeding $1 billion this year alone, a credit to Chris Rokos' strategic acumen and foresight. This impressive feat was achieved through a calculated bet that the market was overestimating the Federal Reserve’s rate cuts, a gamble that has paid off handsomely. In the high-stakes world of finance, few have managed to navigate the turbulent waters as successfully as billionaire trader Chris Rokos. His hedge fund, Rokos Capital Management, which oversees nearly $16 billion in assets, has seen an 8.8 percent increase in 2024. The firm attributes these gains to a sell-off in bond markets as investors gradually aligned with the Fed’s perspective that rates would fall at a slower pace than what markets had anticipated the previous year.

Gambling and politics – a dangerous game

The world of politics is no stranger to scandal, and the recent case of Scott Benton, the MP for Blackpool South, is a powerful reminder of the potential pitfalls that can arise when political interests intersect with the gambling industry. Benton, formerly a Conservative member of parliament, found himself in hot water after offering to lobby ministers on behalf of the gambling industry. His proposition, which included leaking a confidential policy document for up to £4,000 a month, was deemed an “extremely serious breach of the rules” by the Commons standards committee.

Carlyle’s £900 million sale of Jagex games empire

Private equity firm Carlyle has announced plans to divest UK-based video game developer Jagex to Europe’s CVC Capital Partners and US-based Haveli Investments in a deal nearing the £1 billion mark. This transaction comes amidst heightened interest in the gaming sphere, with mergers and acquisitions becoming increasingly prevalent. The gaming industry has traversed a remarkable journey since its inception in the mid-20th century, emerging as one of the most lucrative entertainment sectors globally. From the advent of arcades to the proliferation of home consoles and the current dominance of online gaming, the field has consistently pushed the boundaries of technological advancement.

Wynn Al Marjan: a game-changer for UAE’s tourism sector

The much-anticipated Wynn Al Marjan, a $3.9 billion (Dh14.3 billion) resort project, is set to become a “must-see” tourism destination in the UAE. The foundation work is almost complete, and vertical construction is set to begin soon. Craig Billings, CEO of Wynn Resorts, expressed confidence that the resort would be a major attraction in the UAE, contributing to the company’s long-term growth. The United Arab Emirates, a country deeply rooted in

Gary Delooze appointed Executive Director at Hong Kong Jockey Club

The Hong Kong Jockey Club (HKJC) has appointed Gary Delooze as its new Executive Director of Information Technology, effective 15 January. The announcement was made by the HKJC at the end of last week, indicating a significant step in reinforcing the Club's position in the industry.

GambleAware urges prioritisation of UK strategy on statutory levy changes

In response to the ongoing review of gambling laws and duties, GambleAware has stressed the importance of prioritizing the development of the National Strategy for the Prevention and Treatment of gambling harms. The statement comes as part of the organization’s response to the proposed Statutory Levy consultation outlined in the Gambling Review’s White Paper, by…

India requests extradition of Mahadev online betting masterminds from Dubai

The Enforcement Directorate (ED) in India has forwarded crucial documents to the Ministry of External Affairs (MEA) to facilitate the extradition of two key figures behind the Mahadev online betting app—Ravi Uppal and Sourabh Chandrakar.

Erik ten Hag’s positive meeting with Manchester United new minority shareholder

Erik ten Hag, manager of Premier League club Manchester United, expressed satisfaction following a productive meeting with Sir Jim Ratcliffe, the new minority shareholder of Manchester United, and his team at Ineos. The discussions, which took place on Wednesday this week after Ratcliffe assumed control of football operations, centered on potential changes, particularly recruitment.

Hilton new Ras al Khaimah project seals Al Marjan Island as top spot in UAE gaming hub

Hilton will launch its third opulent property on the sun-kissed shores on the once-tranquil and low-key Emirate of Ras Al Khaimah', After the announcement of the Wynn casino, luxury operators and prestigious hotel groups have been flocking to the Emirate of Ras Al Khaimah