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Betsson has withdrawn its application for a license in the Netherlands as the licensing process proved to be lengthy and costly.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 […]
Industry
July 17, 2023
Australia: Victoria Introduces Restrictions for EGMs
Widely spread across Australia, gambling represents a serious health concern, considering that hundreds of millions are lost every month to the activity, resulting in losses that surpass billions annually. In Victoria, some AU$7 billion ($4.8 billion) is lost to gambling annually. But besides lost money, excessive gambling brings harm to families and at the same […]
Legal
July 14, 2023
Gambling Expansion in North Carolina Is Possible, Lawmakers Says
There are currently three casinos that offer land-based gambling in North Carolina. The venues are run by two Native American Tribes and provide vital support in the form of jobs and proceeds for different initiatives. Yet, North Carolina recently expanded its gambling activities by legalizing online sports betting. While retail betting options have been available […]
Legal
July 13, 2023
Curaçao Enables Master Licenses Extension Ahead of Regulatory Changes
Gambling regulations differ from one jurisdiction to another. Yet, all regulated gambling markets adhere to specific rules related to anti-money laundering (AML), combatting terrorism financing and other crimes that can have a potential impact on the gambling industry. Curaçao is one jurisdiction that seeks to strengthen its regulations and implement major changes to the gambling […]
Industry
July 13, 2023
NSW Assembles Panel to Oversee Cashless Gaming Trial
Amid concerns about the growing impact of problem gambling and gambling harm, lawmakers in New South Wales, Australia, vowed to make changes to the gambling sector. That promise became a centerpiece within the election campaigns earlier this year. In line with the promise to improve the regulations and reduce gambling harm, the Labor party, the […]
Legal
July 12, 2023
CONACOM Probes Conajzar over Alleged Favoritism
Paraguay’s competitions regulator, the CONACOM, will investigate the recent sports betting tender to see if it was indeed unfair, as many people claim. According to the authority, the competition was set in a way that favored the local participant. The tender to operate Paraguay’s national sports betting franchise was launched last year. The competition was […]
