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Legal
January 19, 2023
Texas Losing on Tax Revenue from Lack of Betting and Casinos
There is currently a limited number of gambling options for Texas residents. Texas Is at Disadvantage for Not Offering Sports Wagering Bingo, parimutuel wagering and raffles are allowed, but residents that want to participate in casino gambling or sports wagering would need to visit a nearby state. While some prefer traveling for hundreds of miles, […]
Legal
January 18, 2023
Spain’s DGOJ Proposes Changes to Advertising for Lotteries
Spain’s Directorate General for the Regulation of Gambling (DGOJ) published this week a draft resolution seeking to implement changes to the way lottery operators are marketed to consumers. Affecting Lotteries and Their Vendors The draft resolution aimed at lottery operators and any third party involved in the marketing of lottery products seeks to extend the […]
Legal
January 18, 2023
UKGC Hits TonyBet with $550K Fine over Various Breaches
The fine was announced Wednesday and sees TonyBet, which operates tonybet.co.uk, receive a £442,750 ($547,300) financial penalty from the gambling regulator. In addition to the financial penalty that the operator would need to pay, the Commission issued a warning. Gambling Commission Uncovers AML Deficiencies The gambling watchdog pointed out that TonyBet did not conduct an […]
Legal
January 18, 2023
Nationwide Gambling Reform Not Needed, Says Australian PM
As reported by The Australian Financial Review, Albanese did not show support for a nationwide gambling reform. Gambling Regulation Is in the Hands of States Instead, the PM acknowledged that the regulation of poker machines and a reform of the sector are in the hands of the lawmakers in each state. Speaking about problem gambling, […]
Legal
January 18, 2023
Former Suncity Group CEO Alvin Chau Gets 18 Years in Prison
GGR Asia reported that Chau, who was arrested back in November 2021, was found guilty on charges of illegal gambling, including running illegal gambling activities in licensed venues and fraud. Chau was not found guilty of charges of money laundering. Suncity Group’s Side-Betting Scheme Confirmed Macau Court of First Instance’s judge Lou Ieng Ha pronounced […]
Legal
January 17, 2023
Mississippi Sports Betting Legalization Saga Continues with Fifth Bill
Being backed by the chairman of the House Gaming Committee, Casey Eure, House Bill 606 would amend section 97-33-1 of the Mississippi Code from 1972 in such a manner that it would enable bettors to place wagers on sports events online. Five Attempts and Counting The bill that has already been sent to the House […]
Legal
January 17, 2023
Sault Tribe Cries Out against $88.8M Ruling for Casino Damages
An Ingham County Circuit judge found the Kewadin Casinos Gaming Authority guilty of misrepresentation after it failed to meet its contractual obligations with the parties involved in developing the planned Romulus and Lansing casino projects. Dissatisfied with the court’s decision, the tribe will appeal for relief and appeal if necessary. Disgruntled Investors Sought Legal Action […]
Legal
January 17, 2023
Vbet Agrees £338K Settlement with UKGC over License Breaches
The £337,631 ($414,300) regulatory settlement comes after the Commission uncovered breaches related to safer gambling and anti-money laundering rules. UK Gambling Regulator Probes into Vbet The gambling watchdog reminded that all licensed operators in the UK need to comply with the Gambling Act 2005, the main gambling law that is currently under review by the […]
Legal
January 16, 2023
CNA Backs Ban on Gambling Ads in Romania, Supports 2022’s Draft Law
The National Audiovisual Council (CNA), which is the institution that regulates and supervises local televisions and radios in the country, has unanimously voted in favor of a draft law that has been sent to the Parliament in the fall of 2022. The Bill, Initiated by 79 Senators and Deputies According to CNA member Mircea Toma, […]
Legal
January 16, 2023
Fraudster Arrested after Cheating the US Stock Market
Peter Coker Junior, the ex-chair of South Shore Holdings which operated the failed gambling resort The 13, has been arrested in Phuket last Wednesday. Coker was wanted by Interpol because of his involvement in financial fraud. Coker Used to Chair a Business Which Wanted to Get Into Gambling As reported by the Bangkok Post, Coker […]
