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Legal
July 24, 2023
Australian Federal Court Hits Illegal Gambling Operator with Fine
The Australian Federal Court has ordered a company that was believed to have offered illegal online gambling services, to pay a fine of AU$5 million ($3.4 million). Announcement about the enforcement action came Monday and follows complaints raised by two customers of the online gambling operator. The decision of the Federal Court also comes after […]
Legal
July 6, 2023
SEC Probes Stockbroker and Friend for Insider Trading, Files Charges
An ongoing investigation by the Securities and Exchange Commission (SEC), in collaboration with other agencies resulted in the filing of charges against two individuals over insider trading. The SEC has announced that it filed charges against the chief compliance officer of an international payment processing company, Steven Teixeira, as well as Jordan Meadow, who is […]
Legal
June 30, 2023
Charges against Ex-Wynn Executive in Varsity Blues Scandal Dropped
Gamal Abdelaziz, the former Wynn Resorts executive, was one of the many defendants involved in the massive Varsity Blues scandal that made news headlines a few years ago. Allegations against him claimed that he paid $300,000 to have his daughter accepted into a US university without her meeting the athletic standard. Now, in a new […]
Legal
June 26, 2023
Vetnos Files Lawsuit against PrizePicks, Claiming Patent Infringement
Vetnos LLC is a business-to-business provider of fantasy sports technology that has a growing presence in the United States. The company provides tribal operators in states such as Oklahoma and California with daily fantasy sports (DFS) technology, powering their operations. While Vetnos holds three patents for technology that helps mitigate performance and financial risks related […]
Legal
June 20, 2023
Former Tribal Chairman Files Discrimination Lawsuit against Reno Casino
A lawsuit has been filed against the Grand Sierra Resort and Casino, a prominent attraction in Reno, Nevada, by Jimmy-John Thompson, former tribal chairman of the Timbisha Shoshone Tribe in California. Native American Guest Faces Accusations and Eviction According to court documents, the incident occurred on October 15, 2022, when Thompson, during his stay at […]
Legal
June 10, 2023
Fliff Faces $5m Class Action Lawsuit in California
The operator of sports prediction games for entertainment, Fliff, is facing a class action lawsuit in California after a complaint seeking $5 million in damages was filed with the US District Court for the Central District of California on June 6. Seeking Compensation for the Losses The plaintiff, Bishoy Neshim, claims he lost over $7,000 […]
Industry
June 7, 2023
Aussie Gambler Files Lawsuit after Losing $400K
With hundreds of millions lost to gambling on a monthly basis, the activity is identified as a public health problem in Australia. While different states try to implement changes to the regulatory framework, a large portion of the country’s population loses money to gambling on a daily basis, which in turn causes other issues such […]
Legal
May 31, 2023
NC’s Video Gambling Industry Allegedly Violated Campaign Finance Regulations
According to the official complaint filed by veteran government accountability advocate Bob Hall earlier in the week, a number of donors representing the video gambling industry gave a total of $885,000 to a series of elected officials and candidates, including legislative leaders representing both parties. The same complaint mentions that the campaign committees for top […]
Industry
May 23, 2023
Super Group SPAC Sued by Investor Over Alleged Loss on $4.75bn Merger
As explained in the complaint that was filed in the Delaware Court of Chancery with the help of plaintiff counsel Dylan Newman, the Super Group shareholder considers that the architects of Sports Entertainment Acquisition Corp. (SEAC) were responsible for pushing through the merger valued at $4.75 billion while intentionally withholding specific disclosures. Eric Grubman, Chris […]
Legal
May 17, 2023
Hyatt Hotels in Texas Hit with Lawsuit from Attorney General Paxton
Hyatt Hotels Corporation, one of the largest hotel chains related to Tribal, as well as commercial gambling operators around the United States, is the target of a new lawsuit filed in Texas by Attorney General Ken Paxton. The lawsuit alleges that Hyatt, which outside Texas operates hotels around the world, breached consumer protection laws in […]