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Blockchain
September 22, 2020
PayPal to Facilitate BitFlyer Crypto and FIAT Payments
One of the largest Japanese cryptocurrency exchanges, bitFlyer, has teamed up with PayPal to facilitate FIAT-to-crypto transactions for its European subsidiary. PayPal Joins BitFlyer to Facilitate FIAT-Crypto Transactions BitFlyer’s European subsidiary has integrated PayPal deposits to enable players to deposit into the cryptocurrency exchange with a familiar solution, the company reported in a press release. […]
Business
September 18, 2020
UK Gambling Data Suggests Slow Recovery for the Industry
The UK Gambling Commission released data from its ongoing tracking of customer activities across all gambling verticals in the country. According to the latest figures, gambling revenue continued to decline in July, despite the return of the retail business. Retail Contribution Significant According to the data collected on all available betting products from the biggest […]
Industry
August 31, 2020
UKGC May Introduce Employee Job Redundancies
To save £1 million, the gambling regulator in the UK may introduce job redundancies. The UKGC has been previously criticized for its effectiveness because of underfunding. Job Cuts Planned by the UK Regulator The UK Gambling Commission may introduce employee redundancies, reported the Guardian last week. The regulator which currently has some 332 employees may […]
Industry
July 9, 2020
UKGC Calls for Changes on Online Slot Games Aiming at Safer Gambling
The Gambling Commission in the UK has launched a consultation regarding proposed changes for online slot games. With those changes the regulator is ultimately planning to reduce gambling-related harm. The GC Urges for Changes Making Online Slot Games Safer for Users July 9, the United Kingdom Gambling Commission (UKGC) started consultations regarding changes of the […]
Casino
July 6, 2020
UKGC Report Shows Gambling Activity Going Up Slightly
A latest report by the UK Gambling Commission shows a slight increase in gambling activities. Revenue increase is also observed based on numbers from the most recent report. Updated UKGC Report Suggests Gambling Activity Increase The UK Gambling Commission released its latest report regarding gambling customer activity during the lockdown. According to the report, the […]
Industry
June 29, 2020
Committee: DCMS and GC Failed to Protect Consumers
The Public Accounts Committee which examines the value for money of Government projects, programs, and service delivery, published recently a report regarding its “Gambling regulation: problem gambling and protecting vulnerable people” ongoing inquiry. The Committee exposed the glaring deficiencies of the UK Gambling Commission (GC) and the Department for Digital, Culture, Media & Sport (DCMS) […]
Casino
June 12, 2020
Gambling in the UK Keeps Declining Says Latest GC Report
A report by the UK Gambling Commission compares the results of people interviewed in April and May 2020. Based on the report, a decline in the time spent gambling observed in the UK gambling industry. GC’s Survey Comparing April-May Results Marks a Decrease in Gambling Newly posted data by the UK Gambling Commission shows a […]
Legal
May 30, 2020
UK Gambling Commission: Player Protection Investigation Leads to Company Closure
The UK Gambling Commission has been using all of its delegated power to force gambling operators to comply with regulations regarding establishing a safer environment, dishing hefty fines to companies for failing to meet their obligations, accumulating nearly $60 million from 2014 to 2019 in penalties. VIP Status behind the Excessive Losses Yet, this fact […]
Legal
May 6, 2020
FSB Agreed to £634,300 Settlement with the Gambling Commission
The gambling industry in the UK received yet another warning from the Gambling Commission, this time that if they do not carefully manage third party operations they are responsible for, they will face regulatory action. And the warning, as it is the common case recently, did not come cheap to the perpetrator, FSB Technology, which […]
Legal
May 2, 2020
Denmark and the Netherland Rattle Regulatory Sabers
Increased interest in bingo activities in Denmark and the Netherlands has prompted regulators to issue a warning to parties hosting such activities. Increase in Unlicensed Bingo Games Observed in Denmark and the Netherland Amid Denmark’s lockdown, enforced as a measure against COVID-19, Spillemyndigheden, the Danish Gambling regulator, detected an increase in unlicensed bingo games. Similar […]