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Industry
November 18, 2022
Swedish Gambling Authority Bans SG International N.V. From Operating in Sweden
Update: The Swedish Gambling Authority has lifted the ban on SG International N.V. after the company made changes to become compliant with the requirements of Swedish legislation. Spelinspektionen, the Swedish Gambling Authority, has issued an order banning Curacao-based SG International N.V. from doing business in Sweden as it does not hold the necessary license. The […]
Blockchain
November 11, 2022
Crypto Exchange FTX Filed under Chapter 11 of the Bankruptcy Code
Troubled cryptocurrency exchange operator FTX Group has filed for protection under Chapter 11 of the US Bankruptcy Code in the District of Delaware, revealed a statement posted on Twitter by the exchange. Filing for Bankruptcy Over 130 affiliated companies, including FTX Trading, West Realm Shires Services, and Alameda Research commenced the voluntary proceedings seeking protection […]
Industry
November 11, 2022
Puerto Rico Licenses Seven New Companies
The Puerto Rico Gaming Commission (PRGC) announced that it has approved the licensing of three online sports operators and three service providers, which assist in the wagering process, and one technology provider. Permanent and Temporary Licenses The Sports Betting Bureau recommended the Commission grant the seven licenses, five of which are temporary. The operators, which […]
Legal
November 9, 2022
Cardrooms Triumph as California Rejects Prop 26
Californian cardrooms can rest easy as locals prevented the controversial Proposition 26 from passing. Many feared that the measure would have given tribal casinos too much power. Prop 26 May Have Hurt the Economy Proposition 26’s goal was to amend local laws and provide tribal operators with the opportunity to hire private trial lawyers and […]
Legal
November 8, 2022
Bulgaria’s NRA Cracks Down on Betandyou
Bulgaria’s National Revenue Agency (NRA), which regulates gambling in the Balkan country, has identified a number of illegal online gambling websites under the Betandyou brand. Following that, the director general of the NRA, Rumen Spetsov, issued a cease and desist order, asking the sites to immediately stop taking bets. Betandyou Available, Yet Unlicensed All sites […]
Legal
November 8, 2022
Robber Pleads Guilty to Stealing Billions in Crypto
Billions of dollars in Bitcoin were seized and their owner finally admitted to acquiring them illegally. The wrongdoer stole more than 50,000 Bitcoin from a shady dark web website. Law Enforcement Uncovered Zhong’s Cache As announced by Damian Williams, the US attorney for the Southern District of New York, and Tyler Hatcher, the special agent […]
Legal
November 8, 2022
PokerStars Forced to Reimburse a Player
PokerStars will be forced to reimburse a player whom it took bets from ahead of the legalization of online gaming in the country. A regional court concluded that the operator must pay back $58,494. PokerStars Took Bets Prior to the Legalization of Poker The player in question hired Dr Rendell Rechtsanwaltsgesellschaft, a German law firm, […]
Industry
October 28, 2022
NSW Reluctant to Introduce Cashless Gaming
The New South Wales Labor Party is not ready to adopt cashless gaming. In spite of pressures from other parties, Chris Minns, leader of the state’s opposition, remained adamant that the proposal still needs to be thoroughly discussed. The Parties Are Unwilling to Make Hasty Decisions The pressure for the introduction of cashless gaming came […]
Legal
October 21, 2022
IPI on Its Last Legs after Renewed Legal Disputes
The Commonwealth Casino Commission (CCC) has filed a petition against casino operator Imperial Pacific International (IPI) due to the latter’s failure to comply with a previous court order and pay out $25 million in missed license fees. This most recent legal trouble is the latest in IPI’s series of legal issues, which almost caused the […]
Legal
October 19, 2022
Nagasaki Begins Hearing Case on Public Funds for IR Plan
In April, the Japanese prefectures of Nagasaki and Osaka expressed their wish to build two integrated resorts (IR) by officially submitting their IR development proposals to the national government. Some representatives of the local communities were not very pleased when hearing about the proposals. In June, a series of anti-gambling civil groups started to challenge […]
