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Gambling Commission

GAN, BGO and NetBet hit with new licence conditions

Britain’s Gambling Commission has imposed additional licence conditions on three online gambling operators for social responsibility and money laundering failures.

New York-listed GAN and privately owned operators BGO Entertainment and NetBet Enterprises have each had special conditions attached to their licenses and will pay settlements totalling £2.89m to advance the commission’s [...]

4 mins read
Global Gaming

Global Gaming 555 welcomes end to Swedish licensing saga

The board of directors of Stockholm-listed gaming operator Global Gaming 555 has confirmed that it will not be appealing Monday’s ruling by the Court of Appeal regarding its Swedish operating licence.

Global Gaming lost its Swedish operating licence in June 2019 due to suspected breaches of responsible gambling and anti-money laundering [...]

1 min read
Brazil

Brazil supreme court rules lottery monopoly to be unconstitutional

Brazil’s Supreme Court has found the federal government’s lottery monopoly to be unconstitutional.

The Federal Supreme Court ruled Wednesday that although the federal government has the exclusive right to legislate how lotteries may be operated, it does not have the exclusive right to operate a lottery as a monopoly.

The court said [...]

1 min read

5Dimes agrees $46.8m illegal gambling settlement with US authorities

The United States Attorney’s Office for the Eastern District of Pennsylvania has accepted a settlement from Costa Rican online gambling operator 5Dimes in relation to its illegal sports betting operation in the US.

5Dimes offered sports betting to customers in the United States from at least 2011 through to September 2018, [...]

1 min read

Kentucky Supreme Court rules against historical horse racing games

Racetrack and gaming operator Churchill Downs Inc. recorded a near 10 per cent fall in its share price Thursday after the Supreme Court of Kentucky ruled that the state’s historical horse racing games fall foul of parimutuel wagering rules.

Kentucky’s horse racing industry has benefited hugely from the popularity of historical [...]

1 min read

Unikrn agrees $6.1m penalty with SEC for unregistered ICO

eSports betting provider Unikrn has agreed to pay $6.1m to the Securities and Exchange Commission (SEC) as a penalty for conducting an unregistered initial coin offering (ICO).

According to the SEC, Unikrn raised approximately $31m through its offering of the UnikoinGold (UKG) token between June and October 2017, promising investors that [...]

1 min read
Oklahoma

US District Court rules that Oklahoma Gaming Compacts remain valid

Oklahoma Governor Kevin Stitt has expressed his deep disappointment after a US District Court ruled Tuesday that the state’s former tribal gaming compacts remain in force.

Governor Stitt agreed four new tribal gaming compacts this year after concluding that the state’s former compacts expired on January 1, 2020, despite opposition from [...]

1 min read

Oklahoma Supreme Court rejects sports betting in new gaming compacts

The Supreme Court of Oklahoma has sided with state legislative leaders and the attorney general in rejecting Governor Kevin Stitt’s authority to authorize new forms of gambling.

The court ruled Tuesday that the new gaming compacts agreed between the governor the Comanche Nation and the Otoe-Missouria Tribe are invalid under Oklahoma [...]

1 min read
German Flag

DVTM calls for transitional online gambling regulations in Germany

German telecommunications and media association DVTM has called on the government to introduce temporary regulations to support providers of online casino games after another legal challenge by an unlicensed operator.

Online casino gambling is currently prohibited under German law and numerous domestic courts have ruled that the country’s gambling legislation is [...]

1 min read

Swedish court upholds regulatory rulings on gambling bonuses

Swedish gambling regulator Spelinspektionen has successfully defended itself in four cases involving online gaming operators who were penalised for offering bonuses to consumers in breach of Swedish regulations, although two operators secured lower penalties through the appeals.

The Administrative Court of Linköping published its rulings Monday following appeals by AG Communications, [...]

1 min read
Betsson Mastercard

Betsson to challenge Swedish regulatory ruling

Stockholm-listed gaming operator Betsson has vowed to challenge the penalty imposed on its Nordic subsidiary by Swedish gambling regulator Spelinspektionen.

The penalty of SEK20m (€1.9m) was announced Wednesday by the regulator and relates to Betsson Nordic’s branded pre-paid Mastercard, as well as its agreement with two convenience store chains to sell [...]

2 mins read

Swedish regulator issues penalty to Betsson while Bethard sees penalty reduced

Swedish gambling regulator Spelinspektionen has issued a warning and SEK20m (€1.9m) penalty to licensed operator Betsson Nordic for selling games through an unregistered agent and offering unauthorized bonuses.

The regulator said that Betsson sold vouchers through convenience stores Pressbyrån and 7-Eleven, which could be used on the operator’s website as payment [...]

1 min read
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