While many parts of India are embracing gambling recently, especially when it comes to sports, one state is pushing back. Gujurat is taking a close look at banning online gambling within the state, according to a story in the Times of India.

The idea to change the law came at the request of the Ahmedabad Police Department. According to reports, officials within the department felt that current laws governing gambling were not strong enough to curb illegal enterprises.

The police in Gujarat had already taken steps to try to curb gambling. This started with the imposition of bans on several online video games across the Indian state. This included the game PUBG, which authorities felt yielded too much aggression, especially within youth. The state government had already imposed some laws prohibiting gambling online or in local establishments, but is now considering an outright ban across the entire state.

Ahmedabad Police Chief AK Singh explained that the laws will be tough to enforce because of how widespread gambling has become across the globe. “Recently, the CID crime branch and home department officials had held a meeting to bring changes in gambling laws. It is tough as gambling in some part of the world is legal, while in India it is illegal.”

The buildup to the eventual privatization of Cheer AB was in the open for everyone to see, but the company took the next big step on April 12. The Swedish online gambling operator have announced they will be delisting from the NADDAQ Stockholm in a press release.

The European Entertainment Intressenter Bidco AB (EE Intresenter) revealed that they now own more than 90% of Cherry’s shares, and now the Board of the operator have started the redemption process to absorb the remaining minority shares.

There is no announced final day of trading for Cherry as of yet, but Cherry will announce that date as soon as it receives confirmation from NASDAQ Stockholm.

This news follows the announced takeover of Cheery by EE Intresenter, which includes the CEO of Cherry’s rival, Pontus Lindwall of Betsson AB. In December, EE Intresenter owned no shares of Cherry, but between Lindwall and other members of the group, including Cherry founder Mortein Klein, it collectively had 47.4% of the firm at the time. They quickly scooped up an additional 11.6% of shares from other investors.

Well, Brexit has been postponed again until Halloween, at which point Parliament will have probably girded it loins, picked itself up by the bootstraps, and other assorted figures of speech that connote hard work and taking responsibility…and of course I’m joking. MPs will keep fighting amongst themselves and agree on nothing, and Brexit will probably be cancelled. In the meantime, British gaming stocks are depressed thanks to months of business uncertainty and the Triennial Review, and they’re offering some really great yields. Sometimes these can be value traps, but there are many that are genuinely good long term buys.

The difference is, value traps have structural problems that endanger dividends, sucking you in with a momentary high yield print that won’t last because dividends will be cut. But when we’re talking about established companies with good finances and more or less stable markets, a high yield should not be passed up. It won’t last either, but not because dividends will be cut.

William Hill can be bought here for the long term. A dividend yield above 7% for a company like this is not something that shows up often. The stock is near 2009 levels and it won’t last. One could argue that dividends might be halted temporarily as they were at the end of 2008 at some point, but even if they are, you’ll still have the same number of shares and there is little danger of payments to shareholders being suspended for the long term.

It’s true that William Hill didn’t have its best year in 2018, but a look inside the numbers shows that there aren’t any structural issues here that the company can’t overcome. In fact the situation now looks similar to the 2008 lows when revenues were still up in the context of a collapsing equities market. Shares collapsed 70% in a year while revenues and operating profit were still rising despite the chaos unfolding in the global economy. All the decline really said was that holders of William Hill were being hit by margin calls in other positions and were forced to sell across the board to meet them. That’s not what’s happening now but we still have solid fundamentals in the context of external instabilities due to factors completely out of its control.

Casino operator Wynn Resorts and gaming technology provider Scientific Games Corp (SGC) have announced a partnership for US-facing sports betting and online gambling operations.

On Tuesday, Wynn and SGC announced a plan to under which SGC will support Wynn’s launch of “unique digital sports betting and iGaming applications in the US.” The first fruit of this union will debut in New Jersey at some unspecified future date, but the official statement offered precious little else in the way of details.

Among these unanswered questions is what will become of the sports betting partnership Wynn inked with UK-licensed mobile sportsbook operator BetBull last October. That deal involved Wynn taking a 22.5% stake in BetBull.

Also unanswered is on which New Jersey casino operator’s license does Wynn intend to piggyback, as Wynn’s US casino presence is currently limited to Nevada, although it is close to launching its Boston-area project, assuming Massachusetts regulators deem the company to be sufficiently ‘suitable’ now that the company has jettisoned founder Steve Wynn amid a swirl of sexual harassment allegations.

Pennsylvania casinos were in record-setting form in the month of March, while sports betting revenue rebounded from its February doldrums.

On Tuesday, the Pennsylvania Gaming Control Board (PGCB) announced that the state’s 12 active casino licensees reported combined slots and gaming table revenue of $309.1m, a nearly 2.9% improvement over the same month last year.

March’s gaming revenue also eclipsed the state’s previous monthly revenue record of $300.5m, which was also set in March 2018. The two March results are the only occasions on which the state’s casino operators have topped the magical $300m threshold.

Last month’s results were aided by a record performance by table games, which brought in over $82.5m, nearly $3m higher than the previous table record set in April 2017. Last month’s slots revenue totaled $226.6m, the third-highest result since the state launched its casino market in 2006.

A new survey shows Australians are gambling less these days, while the country’s telecom watchdog continues its campaign against allowing Australians to access forbidden online gambling content.

The latest report from Roy Morgan Research, which involved talking to 7k individuals in December 2018, found that 47.9% of Aussie adults (roughly 9.3m souls) reported gambling in some form over the previous three months. That’s down from 50.1% in December 2017 and from 64.7% in December 2008.

The decline is notable, as Australians have long dominated global gambling participation surveys. The most recent H2 Gambling Capital stats showed Australians were the biggest gambling losers in 2017, with per adult gambling losses of US$958, well ahead of runner-up Hong Kong ($768), Singapore ($725), Finland ($515) and New Zealand ($454).

All types of gambling products reported activity declines in Australia over the past decade, with lottery/scratch tickets posting the biggest decline, falling from 56.4% to 40.1%. Australia’s ubiquitous video poker machines (pokies) were down nearly 12 points to 13.7%, betting declined 5.9 points to 9.4%, keno dipped 3.1 points to 5.1% and casino table games fell 1.3 points to 2.5%.