Two online gaming payment processors in the United States agreed Tuesday to forfeit more than $13m of online gambling funds related to PokerStars and other US facing operators, as part of a settlement with the New York District Attorney's Office.
Legal & Regulatory News
The state government of Lower Saxony in Germany has joined the government of Schleswig-Holstein in calling for an amended State Treaty on Gaming which would lift some of the restrictions currently imposed on state-controlled and private gaming operators. But with supporters of the current State Treaty perpetuating unsubstantiated claims about crime and gambling addiction, consensus amongst all 16 states appears as distant as ever.
Following in the footsteps of fellow Canadian provincial states British Columbia and Loto-Quebec, Ontario has announced that it will allow its residents access to a regulated online gambling offering through the Ontario Lottery and Gaming Corporation (OLG), as the state seeks to stem the estimated CAD$400m lost to unregulated online gambling sites every year.
Online betting exchange operator Betfair is to launch a multilateral trading facility for Contract for Differences (CFDs) via its subsidiary LMAX, in which Goldman Sachs has recently acquired a stake, following approval from the UK's Financial Services Authority (FSA).
The Tribunal de Grande Instance (TGI) in Paris has ordered French ISPs to block access to unlicensed online gaming sites following an application by French regulator ARJEL against Gibraltar-based operator StanJames.com.
The U.S Attorney's Office for the Western District of Missouri has confirmed that two more Kansas City residents have pleaded guilty in a federal court for their role in conducting an illegal online gambling business targeting the U.S market, part of the same operation that has seen seven others convicted this year.
When the European Court of Justice describes a major industry as a social evil and its customers weak, is it offering a legal opinion or making a political statement beyond its remit?
With Victoria's new wagering licence holder expected to be confirmed later this year, the Australian state government has introduced legislation into Parliament which would change the effective tax rate for premium customers who spend in excess of AUD$3m per year, while also offering a large financial boost to the Victorian racing industry.
Novigroup Limited has been granted a gaming licence by the Isle of Man Gambling Supervision Commission, paving the way for the launch of the company's Novibet.com sportsbook brand.
With Canada's state lottery operators moving into online gaming, clients of GTECH's interactive gaming division G2 have been advised that they will no longer be allowed to accept Canadian players unless they hold a licence to do so.
Lawmakers in the US state of Massachusetts voted Saturday to approve a bill to expand gambling within the state, but the inclusion of two 'racino' slot licences could still result in the bill being vetoed by Governor Deval Patrick.