Gambling Insider News

  • Macau clamps down on cryptocurrencies

    The Monetary Authority of Macau (AMCM) has issued guidance prohibiting financial institutions operating in the region from providing financial services to any businesses involved in virtual currency, citing concerns about money laundering and terrorist financing. In a statement citing an earlier press release the AMCM said that: “Bitcoin is...
  • State-regulated online gambling ban may be reintroduced

    Jeff Sessions, the US Attorney General is reportedly considering the reintroduction of a federal ban on all state-regulated online gambling in the US.   Reports in the Huffington Post say that Sessions could consider reintroducing the ban despite a lack of public support and strong opposition from the National...
  • Ukraine to lift gambling ban

    The Prime Minister of Ukraine has accepted a Ministry of Finance letter promising to re-legalise gambling by 2018, almost eight years after it was outlawed. A previous legalisation proposal two years prior failed as operators felt that the tax rates and licensing fees were too high. Thosegambling ban implied...
  • US Department of Justice establish repayment plan for victims of Absolute Poker’s “Black Friday” fraud

    The Department of Justice have recently announced that Absolute Poker is to compensate players through a claims process similar to that of Full Tilt, which is part of an ongoing civil complaint settlement following the events of online poker’s “Black Friday” in 2011. In April 2011, the U.S. Department...
  • Consortium propose casino and shopping complex in Malta

    Midi, a development consortium from Malta, has proposed a casino hotel and shopping complex for Manoel Island The consortium obtained a 99-year concession on the biggest part of the island 17 years ago. However, according to Times of Malta, Midi had a meeting with NGOs earlier this week where...
  • Tabcorp fined $45m for anti-money laundering and counter-terrorism

    The Federal Court has fined gaming operator giant, Tabcorp $45m for breaches of anti-money laundering and counter-terrorism financing laws on 108 occasions over a five-year period. In July 2015, AUSTRAC filed papers in the Federal Court against the three Tapcorp group companies for extensive, significant and systemic noncompliance with...
  • Lottoland hopes to be the first private lottery operator in Germany

    Lottoland has filed an application to have its own lottery in several German federal states in order to challenge the German lottery monopoly and become the first private lottery operator of a major lottery in the country. The company’s new German lottery system will resembles that of the German...
  • UK lottery loophole may be shutdown as licence for lottery betting is granted by MGA

    A betting loophole that allows gambling websites to offer cut-price bets on the EuroMillions lottery draw is intended to be closed by the government as it takes “money away from good causes”. Although the Gambling Act prohibits betting on National Lottery games, websites get around the law by offering...
  • Gambling adverts could face UK daytime TV ban

    A report in today’s Times newspaper claims that operators could be facing a ban on TV advertising before the 9pm watershed. Bookmakers are currently able to advertise during the day, provided those adverts are for bingo, or during commercial breaks in live sporting events. The Times claims that the...
  • Gambling Commission announces “two way conversation” initiative with gamblers

    The Gambling Commission (GC) released its updated plan on communicating with consumers today. Recognising that consumers are the keystone for its work, the Commission is acting to improve efficiency in contact and provide more information to reduce problems that stem from the gaming industry. Investigations into consumer behaviour are...
  • Bill to ban online gambling in the USA introduced to the Senate

    US Senator for Arkansas, Tom Cotton, has quietly filed a bill to the Senate seeking to ban online gambling in the country. The bill, S.3376, was read twice before being referred to the Committee on the Judiciary, leaving it eligible both for debate and voting on its passage. The...
  • Gambling Commission publishes discussion paper on eSports and virtual currencies

    The Gambling Commission (GC) has published a discussion paper outlining its concerns on virtual currencies, eSports and social gaming. The GC’s assessment that the lines between “some social gaming products and gambling are blurring”, and that “technological developments and the expansion of digital or virtual currencies mean that operators...
  • Massachusetts the latest state to cross the fantasy sports finish line

    Eight US states have now enacted paid-entry fantasy sports bills this year, after Massachusetts Governor Charlie Baker has effectively signed a three-year deal into law. Rather than act as a bill purely to legalise fantasy sports, H 4569 was an economic development bill that included fantasy sports regulation, as...
  • Arrests made over Welsh football match-fixing allegations

    A total of 10 people have been arrested by South Wales Police in relation to an investigation into match fixing on a Welsh Premier League football match played last season. The Football Association of Wales (FAW) referred the case to the Gambling Commission’s Sports Betting Intelligence Unit, before both...
  • Marathonbet warned by ASA over misleading free bet promotion

    The UK Advertising Standards Authority (ASA) has issued a warning to operator Marathonbet concerning a misleading promotion, which failed to make clear that a portion of customer’s winnings would be paid out in free bets. The promotional text stated: “New customer offer… 2/1 Willie Mullins top trainer”, while smaller...
  • BHA raises concerns over Ladbrokes Coral merger

    Nick Rust, Chief Executive of the British Horseracing Authority (BHA), has written to the Competition and Markets Authority (CMA) to outline the governing body’s fears for the horseracing industry with regards to the proposed Ladbrokes Coral merger. The CMA began investigating the planned merger in December and announced in...
  • Portugal gets its second licensed online sports betting operator

    Malta-based Bet Entertainment Technologies Ltd has been announced as the second online operator to be awarded a license under Portugal’s new online gambling licensing regime. Bet Entertainment will offer its services to Portuguese customers on the www.bet.pt domain, which operates on a platform provided by SBTech. The Portuguese regulator,...
  • The Netherlands progresses towards regulated online gambling

    The lower chamber of the Dutch parliament today passed a bill that is set to regulate online gambling in the country for the first time. Passage through the Dutch Senate is expected to be a formality, and it is widely anticipated that a regulatory framework for online gambling will...
  • Gibraltar aims to allay Brexit fears

    The Gibraltar Minister of Financial Services and Gaming has sought to play down fears over the impact that the UK’s departure from the European Union could have on operators based in the region, saying that it is “business as usual”. The UK’s vote to leave the European Union in...
  • Philippine regulator freezes issuing of online gaming licenses

    The Philippine Amusement and Gaming Corporation (Pagcor), the Philippine gaming regulator, is temporarily halting the processing and issuance of all online gambling license applications. The move follows comments made last week by the new President of the Philippines, Rodrigo Duterte, who pledged to crackdown on online gambling in his...
  • Gambling Commission industry stats: What came out of the report?

    The UK gambling industry (excluding Northern Ireland), has been given a boost following the fears of what June’s Brexit vote may cause, after some encouraging statistics were published by the Gambling Commission (GC). Dates were adjusted for the latest accounting period, with results being shown for October 2014 to...
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