Dec 19, 2014

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Gambling Law & Society News (3019 articles)

Online Gambling Sector Included in EU Anti-Money Laundering Directive

The European Gaming and Betting Association is pleased with the news that the entire gambling sector is part of the fourth European Union anti-money laundering directive. Maarten Haijer, secretary general of EGBA said, “EGBA has actively engaged with the EU institutions to include online gambling in the directive. The new directive ensures that EU online gamb...

Gambling Law & Society News

Betsson Listed on Nasdag Stockholm Large Cap Segment in 2015

Betsson has entered into the Nasdaq Stockholm Large Cap segment as the first online only gaming company to be listed. The upgrade becomes effective from January 1, 2015 as a result of market capitalization exceeding Euro 1 Billion for the last two years. Magnus Silfverberg, chief executive officer and preside...

Gambling Law & Society News

Churchill Downs Completes Acquisition of Big Fish Games

Churchill Downs Incorporated (CDI) has completed its acquisition of Big Fish Games for $485 million and an earn-out payment of up to $350 million dependent on EBITDA growth next year. The acquisition will see CDI move int...

Gambling Law & Society News

Czech Republic Links Drug Addiction and Gambling

Problem gambling specialists in the Czech Republic have linked drug addiction and gambling in an experiment that will continue until March 2019. National anti-drug coordinator Jindřich Vobořil spoke to media stating that the national strategy includes gambling restriction but did not provide details on how this will be done. Gambling will be par...

Gambling Law & Society News

Restrictions on Gambling in Russia Become Tougher

In 2009, Russia placed a ban on gambling in all regions except Kaliningrad, Krasnodar, Altay, Primorskiy Krai and most recently two areas in Sochi and Crimea. Punitive penalties were given to those organizing gambling activities but it was limited to convictions where the revenue was over 1.5 million roubles ($25,967); however this will change with the recent...

Gambling Law & Society News

Malaysian Government Officials to Learn Anti-Online Gambling Techniques in China

The Malaysian Home Minister, Datuk Seri Dr Ahmad Zahid Hamidi, discussed plans to send government officials for anti-online gambling techniques training in China. He revealed that training is to take place before the end of the year also adding: “China has committed to invite a bigger number of our officials to be trained in various fields, especially anti...

Gambling Law & Society News

Vera&John Withdraws from Canada

The recent acquisition of Vera&John by Intertain group as part of its acquisition of Dumarca Gaming has led to the online casino’s announcement that it is withdrawing from the Canadian market. Players and affiliates were assured that balances would be paid in full. Dumarca Gaming was acquired by Intertain group in October and Intertain CEO John Kennedy Fi...

Gambling Law & Society News

Head of Liberty Reserve Sentenced to 5 Years in Prison

The US Department of Justice has revealed information regarding the disappearance of e-processor Liberty Reserve last year. In a statement, the DOJ said that the 35-year-old chief technical officer at Liberty Reserve, Mark Marmilev, was doing five years in prison for conspiring to operate an unlicensed money transmitting business involving funds that he knew...

Gambling Law & Society News

2015 London Affiliate Conference Sponsors Revealed

The big event of the year for those involved in the iGaming affiliate industry is upon us. The London Affiliate Conference (LAC) 2015 has recently announced their top sponsors who will also be in attendance at the conference. Sponsors are as follows: Platinum Sponsor: Affiliates United (William Hill) Gold Spo...

Gambling Law & Society News

Adelson’s Bombing Comment Costs him $40M

Las Vegas Sands owner Sheldon Adelson made a comment in 2013 which had a costly effect according to Bloomberg this week. The Sands was the victim of a hacking attack earlier this year which cost the company over $40 million in data recovery and other expenses. Investigators from Dell SecureWorks were brought on board and determined that the attack was led...

Gambling Law & Society News

Gambling Addict Wins Case Against Novomatic

A gambler from Austria, who had Euro 800,000 in gambling debt by playing Novomatic land based slots, filed a lawsuit and won! The punter, who claims Novomatic exploited him, won a judgment of Euro 440,000 after undergoing a psychiatric evaluation which proved his gambling addiction. Agence France-Press reported that slot games are available outside of cas...

Gambling Law & Society News

Canadian Authorities Surprise Amaya Gaming Office

Forbes reported that Canadian police and financial investigators surprised Amaya Gaming at its Montreal headquarters. There hasn’t been details of the visit released; however there is speculation that the investigation was focused on insider trading. There was a great interest in Amaya stock prior to the takeover which has led some to believe that this prompt...

Gambling Law & Society News

Revisions to Swedish Online Gambling Laws Postponed?

Revisions to Sweden’s online gambling laws, prompted by threats from the European Commission, may be postponed after a decision to call a general election. Prime Minister Stefan Löfven of the Social Democrats party announced March 15, 2015 as the election date since the government was unable to get budget approvals on December 3rd since rivals heavily opposed...

Gambling Law & Society News

Norway to Strengthen Online Gambling Regulations

The Norwegian Ministry of Culture commissioned a report regarding technological developments which showed that a large portion of Norwegians were under the impression that gambling with foreign operators was legal while a smaller portion was unsure. The legal online gambling market in the country is being challenged by foreign unlicensed operators. Foreig...

Gambling Law & Society News

Mumbai Police In Search of Illegal Operations in Dubai

Senior spokesman for the Mumbai police department, Pravin Patil, revealed to the media that online gambling is on the rise and investigations have uncovered evidence that illegal operations are running from Dubai. “We think Internet gambling is a trend picking up with gamblers," Patel said to Indian Express. "Such players are difficult to trace and apprehend...

Gambling Law & Society News

Is There a Mutually Beneficial Deal Between Adelson and Sen.Reid?

Multi-billionaire land casino mogul and a Republican, Sheldon Adelson finds himself in a pickle. In order to accomplish his biggest goal of prohibiting online gambling anywhere in the United States, he needs the help of a Democrat. Over the weekend Huffington Post examined the relationship between Adelson and the Senate Majority Leader Harry Reid in a rather i...

Gambling Law & Society News

Is Patrick Jay the Next Chief Executive at Ladbrokes?

The news of Richard Glynn’s decision to step down from his position of chief executive at Ladbrokes has left a lot of room for speculations on who is going to inherit the position. Telegraph newspaper has is betting on Patrick Jay, a former sports director of Ladbrokes who went out to the Asian market four years ago to run trading operations at the Hong Kong Jock...

Gambling Law & Society News

Less Kiwi Gamblers-More Money Spent

New study, largest in the past 15 years, conducted by Auckland University of Technology (AUT), reveals that the number of gamblers in New Zealand has dropped down, but nevertheless the amount of money spent by the ones who continue to gamble, has increased and they prefer casino and sports betting over...

Gambling Law & Society News

Hindu Followers Offended by Use of Religious Icons in Shiva Slot

President of the Universal Society of Hinduism, Rajan Zed, heavily criticized the use of Hindu god Lord Shiva in a video slot game created by Merkur division of the Gausselmann group. Zed explained that in Hinduism, Lord Shiva, along with Lord Brahma and Lord Vishnu, forms the great triad of Hindu deities. Moksh (liberation) is the ultimate goal of Hinduism. T...

Casino Games Gambling Law & Society News

Playtech’s New Deputy-Chairman

Playtech is proud to announce a new addition to the team. Hilary Stewart-Jones has been appointed as Deputy-Chairman, effective immediately. She is known for her impressive carrier and being one of the best international experts in Gambling law. Hilary has spent over a decade advising companies on gambling related issues. Alan Jackson, non-executive Chairman o...

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