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Industry
May 29, 2024
MGC Fines Fanatics for Offering In-State College Bet
The Massachusetts Gaming Commission (MGC), the state’s gambling regulator, has issued a fine of $10,000 to Fanatics Sportsbook. According to the authority, the gambling company violated the state’s betting rules by allowing customers to wager on an in-state collegiate sports team. The bet in question was placed in December last year. The MGC learned that […]
Industry
May 29, 2024
Sweden: BOS Warns Tax Increase May Link to Rise in Problem Gambling
Ahead of the increase in the gambling tax rate in Sweden, a new report highlighted the potential negative impact of the change. The current tax rate of 18% is expected to increase to 22% for Swedish gambling operators effective from July 1, 2024. This change is expected to bring additional tax revenue but along with […]
Industry
May 29, 2024
Bitcasino.io Player Wins $5M Jackpot from Slot
A fortunate Bitcasino player has demonstrated the benefits of consistency, winning three big prizes over the course of the same week. After grabbing two smaller prizes, the player won a huge $3.2 million jackpot, taking their total winnings to over $5 million in USDT stablecoin cryptocurrency. The player won all three prizes playing the Gates […]
Industry
May 29, 2024
Appeals Court Rules against Torch Electronics’ Gambling Lawsuit in Missouri
Missouri is currently among several states that do not offer sports betting. Although supporters are proposing to put the matter up for a vote, the future of the activity remains uncertain. Still, Missouri residents and visitors can currently enjoy bingo, parimutuel wagering on horse races, casino gambling and lottery. In addition to the aforementioned activities, […]
Industry
May 29, 2024
Danish Gambling Authority Seeks Feedback on New Game Data Reporting Rules
Last week, Spillemyndigheden, the Danish gambling authority, announced an update to its game data reporting requirements. The changes are meant to be implemented by 2025. The proposal has been designed to improve upon the current methods of regulation within the country’s gambling industry for greater transparency and more accurate reports. Stakeholders Urged to Comment on […]
Industry
May 28, 2024
Raleigh High School Student Scores $1 Million Jackpot
An 18-year-old high school student from Raleigh, North Carolina, has turned a $10 lottery ticket into a $1 million jackpot, bringing an extraordinary windfall into his young life. This life-changing win was the latest in a series of high-profile jackpots in the Tarheel State this month, highlighting how fortune can strike when least expected. The […]
Industry
May 28, 2024
Court Revokes Spelinspektionen’s Cease Order against Zimpler
Zimpler, a provider of payment solutions, has successfully appealed an order from the Swedish regulator (Spelinspektionen) to stop providing its BankID services to unlicensed companies. The development follows an order issued in 2023. On July 6, 2023, the Spelinspektionen ordered Zimpler to cease providing BankID payment service solutions to gambling companies that are not licensed […]
Industry
May 28, 2024
Swedish Gambling Authority Fines Hacksaw and Panda Bluemoon
The authority that ensures the legality, safety, and reliability of the Swedish gaming and gambling market, the Swedish Gambling Authority (SGA), has issued a series of warnings and penalties to Hacksaw Studios and Panda Bluemoon for offering online games to unlicensed operators. SGA Deems Hacksaw’s Processes “Inadequate” Hacksaw has been slapped with a SEK2.6 million […]
Industry
May 28, 2024
Ukraine Issues Ban on Gambling Advertising Amid Harm Concerns
Ukraine’s government has opted to ban all gambling advertising in the country. The changes are outlined in resolution No. 583 and come amid an intense crackdown on the gambling industry. The resolution was adopted by the Cabinet of Ministers and aligns with the ongoing efforts to mitigate the negative impact of online gambling on the […]
Industry
May 28, 2024
Blackstone CEO Steve Schwarzman Confirms Support for Trump
Ahead of the US presidential election, Donald Trump, the famous billionaire and former President, received support from a fellow billionaire and chief executive of Blackstone Group, Stephen Schwarzman. The CEO, chairman and co-founder of Blackstone, the world’s largest alternative asset investment management company based in New York City, reaffirmed its support for Trump in an […]
