Legal
November 5, 2020
UKGC Considers £100 Loss Limits, Calls on Stakeholders for Evidence
The UK Gambling Commission (UKGC) has asked for evidence from stakeholders whether a proposed £100 loss limit is justifiable. A Proposed £100 Loss Limit Sends Scares in the UK Market The UK Gambling Commission (UKGC) is flirting with a new idea that has sent chills down the spines of gambling firms. Will a potentially industry-ending […]
Legal
November 5, 2020
Crown Resorts May Have Its License Suspended or Cancelled
The New South Wales (NSW) gambling regulator’s inquiry into Crown Resorts’ suitability for holding a casino license is continuing and the Independent Liquor and Gaming Authority (ILGA) showed Thursday for the first time what is at stake. The New Casino Opening under Threat Just weeks before the scheduled opening for its newly-built AU$2.2 billion casino […]
Legal
November 4, 2020
CBA Fined $150,000 For Lifting Known Problem Gambler’s Credit Limit
The Commonwealth Bank of Australia has been fined AUS$150,000 (US$107,053) by the Federal Court on October 22 for increasing a problem gambler‘s credit card limit. The bank has breached the National Consumer Credit Protection Act 2019, the Federal Court said. Federal Court Slams CBA The customer, David Harris, had warned the bank of his gambling […]
Legal
November 4, 2020
Spain Approves New Gambling Ad Restrictions
A new Royal Decree was approved yesterday by the Council of Ministers in Spain. The new decree rolls out stricter gambling advertising valid for TV, radio, YouTube videos, and social media. The enhanced restrictions are aiming at reducing gambling-related harm and decreasing the exposure of the younger population to gambling content. Enhanced Gambling Ad Restrictions […]
Legal
November 3, 2020
SportPesa Considers Taking Former Chair to Court for Allegations
Kenyan number 1 sports betting operator SportPesa is considering taking legal action against its former chair Paul Ndung’u, after a series of allegations of improper business conduct from non-Kenyan shareholders of the company. Transfers to Offshore Funds SportPesa officials believe the extent of the utterly false claims from Paul Ndung’u requires a proper response which […]
Legal
November 3, 2020
Voters To Weigh In On Gaming Expansion In 6 States
Voters in six US states will be asked on Election Day to weigh in on gaming expansion legislation. The new measures range from legalizing sports betting to authorizing casinos. Sports betting legislation will be on the general election ballot in Maryland, Louisiana, and South Dakota. In a note on the subject, Truist Securities gaming analyst […]
Legal
November 3, 2020
Montanan Judge Dismisses Lottery Rule to Limit Betting to Bars and Taverns
Lewis and Clark County District Judge Kathy Seeley has sided with Montana’s protest group that challenged a Montana Lottery-backed rule that attempted to limit the availability of sports betting. According to the debated rule, businesses that offer sports betting in the jurisdiction must sign up for an alcoholic beverage license in order to continue accepting […]
Legal
November 3, 2020
Las Vegas Men Defrauded 600 People $29M in Betting Pyramid
Two Las Vegas men have been arrested and charged with conspiracy to commit 13 counts of wire fraud, defrauding 600 investors out of $29 million in a sports betting scheme. Las Vegas Conspirators Defraud 600 Individuals on Sports Betting Two individuals based in Las Vegas have reportedly run a sports betting pyramid that defrauded over […]
Legal
November 3, 2020
Washington Warns against Working with Illegal Betting Firms
With sports betting’s popularity growing the Washington DC Lottery has urged media outlets, marketing agencies and consumers to give illegal gambling operations the cold shoulder. Washington’s Office of Lottery and Gaming Calls for a Stop of Illegal Gambling The Washington DC Lottery has issued an official warning to consumers, media outlets, and marketing agencies that […]
Legal
November 2, 2020
iGaming Leaders Expect Ontario to Lift Private Operator Exclusion From the Gambling Market
With the COVID-19 lockdown weighing down results, the Ontario gambling regulator is considering freeing up the private gambling sector. New Gambling Regulations Debated as COVID-19 Weighs Down Gambling and the Economy in Ontario Online gambling firms are anticipating an upshift in regulatory changes by the provincial government of Ontario in response to the projected progression […]