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Industry
December 21, 2023
Malta Gaming Authority Releases Positive H1 2023 Performance Report
The Malta Gaming Authority (MGA) unveiled its Interim Performance Report for the first half of 2023, shedding light on its achievements and offering insights into the state of the Maltese gaming industry. MGA Demonstrates Vigilance in Enforcing Fair Play and Rigorous Oversight The MGA demonstrated its commitment to maintaining a fair and regulated gaming environment […]
Business
December 20, 2023
Americans Wager $79bn in a Record-Breaking Year
The American Gaming Association (AGA)’s recent report reveals an impressive surge in the US gaming industry, with Americans contributing to a remarkable 33% increase from the previous year’s betting volumes, setting the stage for a record-breaking year in the gaming landscape. While some segments performed better than others, the sector’s success is indisputable. The Sector […]
Industry
December 20, 2023
Curaçao Parliament to Issue Verdict on New Gambling Regulations
The Curaçao parliament is currently reviewing a proposed bill aimed at regulating the operation of gambling within the country. Javier Silvania Reveals Curaçao’s Bold Move with LOK The new regulations, called the National Gambling Ordinance (LOK), are poised to introduce heightened standards and bolstered player protection measures. In June, Curacao’s Minister of Finance, Javier Silvania, […]
Casino
December 20, 2023
Spelinspektionen Fines Casino Cosmopol $200K over AML Breaches
The latest company to have been handed down a fine is Casino Cosmopol which admitted fault and agreed to pay SEK2 million, or $200,000, to the regulator. This penalty is awarded in relation to anti-money laundering (AML) breaches outlined in the watchdog’s conclusion of the case and the two-year investigation. Cited Breaches Are a Matter […]
Industry
December 20, 2023
Australian Self-Exclusion Register Signups Start to Flag in November
The online registry was introduced on August 21, 2023, and it has seen an immediate interest from punters, as the program is designed to allow Australians to enrol and be excluded from virtually all forms of gambling, retail and online across the nation. BetStop Continues to Bolster RG in Australia The measure is part of […]
Industry
December 20, 2023
Swedish Government to Strengthen Consumer Protection in Gambling Sector
To fortify consumer protection and combat criminal activities associated with gambling, the Swedish government presented a proposal to the parliament on December 19. Swedish Government Proposes Written Confirmation Requirement for Telephone Gambling Sales One key aspect of the proposal is the introduction of a written confirmation requirement for telephone sales of gambling services. Under this […]
Industry
December 20, 2023
University of Glasgow at Center of New Gambling Harms Research
The issue of Gambling Related Harms, coined as a term and known by its acronym, GRH, will be looked into in partnership with Darwen Council’s Public Health in Lancashire and the University of Sheffield, which already has expeirence in conducting similar work and contributing to the better understanding of the issue at hand. Understanding the […]
Legal
December 20, 2023
Malta’s FIAU Imposes Fine on Trannel International for Compliance Failures
Malta’s Financial Intelligence Analysis Unit (FIAU) has slapped a hefty fine of €222,736 ($244,085) on Trannel International Limited, a subsidiary of the Kindred Group, for significant lapses in compliance with regulatory standards. FIAU Exposes Trannel’s Risk Analysis Shortcomings with Critical Compliance Deficiencies The FIAU’s investigation revealed that Trannel had failed to conduct proper risk analyses […]
Legal
December 20, 2023
FBI Claps Back at MGM Cyber Criminals with Decryption Tool
According to the Justice Department, a coalition of law enforcement agencies in Europe and the United States has been able to foil the plans of the hacker organization which launched a series of attacks on the hospitality and gaming sector in the USA, and notably targeted gaming and hospitality company MGM. Hackers Mount Debilitating Attacks […]
Industry
December 19, 2023
Australia’s NT Gambling Losses Reach Record Highs
As the festive season approaches, concerns are mounting in Australia’s Northern Territory (NT) over the AUD 15 million ($10.1 million) year-on-year rise in gambling losses among its populace. This trend roughly matches other regions in the country, placing increasing pressure on local authorities and the federal government to implement better player protection policies and curb […]
