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Gambling News - 'Regulation'
Industry
June 13, 2024
Connecticut to Ban Bovada, Following Michigan’s Example
Connecticut is reportedly set to take a “hardline stance” against Bovada, one of America’s biggest unlicensed operators, the Sports Betting Dime reported. The news outlet announced that it contacted a member of a local regulator who confirmed that a cease-and-desist letter is in the making. The Department of Consumer Protection Gaming Division spokesperson said that […]
Industry
June 13, 2024
South Africa’s Elections Could Impact Gambling Reforms
The conclusion of South Africa’s most recent parliamentary elections could mark a turning point for the country’s gambling sector. A complicated political situation creates significant uncertainty in the gambling sector as the makeup of South Africa’s new parliament will likely determine whether the iGaming regulation bill, proposed by the then-opposition Democratic Alliance (DA) party, will […]
Industry
June 12, 2024
Romania’s Ban on Gambling in Small Towns Undergoing Review
Romania’s Supreme Court has decided that the gambling restrictions imposed on brick-and-mortar casinos in localities with a population below 15,000 should be subject to a constitutional review. Back in April, Prime Minister Marcel Ciolacu’s executive order to ban gambling in small towns received the green light from the parliament, when 243 deputies expressed their votes […]
Legal
June 12, 2024
Fox Williams to File Claim against Entain over Turkish Business
Fox Williams, a business advisory firm and securities litigant, announced that it is preparing to file a group claim against gambling giant Entain on behalf of institutional investors. Led by securities litigation partners Andrew Hill and Matthew Reach, the firm is set to accuse the operator of failing to disclose its knowledge of bribery and […]
Industry
June 12, 2024
GamCare Asks Banking Firms to Join War on Gambling Harm
GamCare, a leading British problem gambling charity, asked banks to block payments from business accounts to gambling operators. The organization cited recent examples where employees, directors and self-employed people have gambled with business funds as the reason for its call. GamCare pointed out that gambling transactions can be made from business accounts with the most […]
Industry
June 12, 2024
Tennessee Regulator Fines Operators over Payout and Self-Exclusion Breaches
The Tennessee Sports Wagering Council (SWC) has agreed to levy fines against sportsbooks that violated its rules. These included ZenSports, which failed to pay out winnings and Fanatics, which committed a self-exclusion-related breach. According to the announcement, the SWC understood that ZenSports did not maintain a sufficient reserve account balance for its operation. Under Tennessee’s […]
Industry
June 12, 2024
Dutch Regulator Recovers Fines from Illegal Providers
The Kansspelautoriteit (KSA), the Netherlands gambling regulator, has successfully recovered penalty payments from two illegal gambling providers. L.C.S. Limited and Blue High House S.A. previously faced financial sanctions for offering unauthorized games of chance to Dutch players. The regulator used this opportunity to reiterate its proactive stance and willingness to pursue offenders. The Two Companies […]
Industry
June 12, 2024
New York’s Three New Casinos May Generate Money for the MTA
A couple of years ago, New York lawmakers greenlighted a proposal that called for the creation of three new downstate casinos. The expansion of land-based gambling in the state seeks to bring economic stimulus, create new jobs and generate tax revenue. Yet, there wasn’t much progress since which is a prime reason why Assemblyman Gary […]
Industry
June 11, 2024
UK: Conservative Election Manifesto Lacks Gambling References
Five years ago, in 2019, the UK’s Conservative Party released a manifesto, outlining a number of proposed changes. Those efforts played a key role in the launch of the gambling reform in the country which involved a review of the Gambling Act. Several years after the launch of the review, the Gambling Act White Paper […]
Industry
June 10, 2024
Sky News Host Questions Decision to Ban Betting Ads But Ignore Pokies
Sky News host Caleb Bond commented on Australia’s planned crackdown on gambling ads in sports. While there is bipartisan support for restrictions on betting advertising, Bond argued that sports betting might not be the “big evil” some believe it to be. The expectations for ad restrictions come in the wake of the Parliamentary Standing Committee’s […]