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Industry
July 25, 2023
Metric Gaming Becomes IBIA Member, Joins War on Betting Fraud
Metric Gaming, a provider of sports betting tech, announced that it has joined the International Betting Integrity Association (IBIA). The move highlights the company’s commitment to protecting the betting sector from fraud. Metric Gaming is a UK-based company licensed in Malta and the United Kingdom, as well as in a number of US states, including […]
Legal
July 25, 2023
Sports Betting Legislation in Brazil Gains Traction
Brazil, a country identified for the high potential of its sports betting market, made a major move toward regulated sports betting after the country’s President, Luiz Inacio Lula da Silva, signed a Provisional Measure (PM) that paves the way for the activity. The announcement comes after significant delays but represents a milestone moment as it […]
Industry
July 24, 2023
AGCO Appoints Dave Forestell as Board of Directors Chair
The Alcohol and Gaming Commission of Ontario (AGCO) has announced that Dave Forestell will become the new Chair of its Board of Directors. Forestell’s appointment comes as no surprise, given his past contributions to the organization and deep understanding of the online gambling sector. His diverse professional background will give AGCO a fresh perspective, helping […]
Legal
July 24, 2023
Betsafe Evades Sanction in Lithuania after Regulatory Breaches
The Gambling Supervision Service under the Ministry of Finance of the Republic of Lithuania, the gambling regulator in the country, unveiled details regarding a new probe into Lošimų strateginė grupė UAB, trading as Betsafe. On Monday, the regulator confirmed that it conducted an inspection of the company and uncovered breaches of the regulation related to […]
Industry
July 21, 2023
PlayUp Shuts Down New Jersey and Colorado Operations amid Regulatory Setbacks
PlayUp announced it would temporarily shut down its operations in New Jersey after the New Jersey Division of Gaming Enforcement (DGE) issued an order revoking the transactional waivers allowing the company to conduct sports wagering in the state. The following shutdown of PlayUp’s Colorado website and platform meant the operator no longer offered its services […]
Business
July 20, 2023
Betsson Withdraws License Application in the Netherlands
Betsson has withdrawn its application for a license in the Netherlands as the licensing process proved to be lengthy and costly. Betsson used to operate in the Netherlands prior to the market’s regulation. Eventually, the country regulated online gambling, forcing Betsson to pull out from the market. Since the company had actively targeted Dutch customers […]
Industry
July 20, 2023
UKGC Acknowledges Cashout Issues as “Number One Topic” Raised by Bettors
While players’ ability to cash out funds from their accounts should never be impeded by operators, certain restrictions regarding deposits may be applied, said the United Kingdom Gambling Commission’s director of communications, Lucy Denton. While the commission is busy carrying talks with industry stakeholders regarding the recommendations issued by the Gambling Act review, it is […]
Industry
July 20, 2023
Betway Adopts EGBA Guidelines to Fight Money Laundering in European Gaming
The European Gaming and Betting Association (EGBA) announced that global iGaming operator Betway has joined its pan-European anti-money laundering (AML) guidelines. This move highlights Betway’s desire to combat money laundering and protect the European gaming sector from financial fraud. The EGBA is Europe’s leading trade association for iGaming and has developed robust guidelines to reinforce […]
Industry
July 19, 2023
Czech Republic Seeks Tougher Regulations to Mitigate Gambling Harm
The Czech Republic plans to introduce major changes to how gambling is regulated in the country. The amendments to 2017’s Gambling Act follow an earlier review and would introduce more robust player safety and crime prevention measures. The original act introduced stricter regulations such as higher taxation rates for all gambling operators. The high taxes […]
Legal
July 18, 2023
Betfred Fined Over Multiple AML and Social Responsibility Failures
The UK Gambling Commission (UKGC) has issued a £3.25 million ($4.25, current conversion rates) fine to Betfred following an investigation that uncovered a number of social responsibility and anti-money laundering (AML) violations. The commission noted that the failings in question occurred between January 2021 and December 2022. The UKGC listed Betfred’s shortcomings, noting that the […]
