A Legal Milestone for the Gambling Industry In a decisive legal battle, the Stockholm District Court ruled in favor of Kindred Group, marking a significant victory against claims made by Swedish fashion entrepreneur Per Holknekt. This case sheds light on the complexities of operator liability and gambling addiction, highlighting the evolving legal landscape surrounding the […]
The Spark of Controversy In the high-stakes world of online sports betting, a legal drama unfolds as Michael Hermalyn, a former executive at DraftKings, sues the company for over $310,000 in legal fees. This lawsuit adds fuel to the fire in an already heated dispute surrounding Hermalyn’s move to a rival company, Fanatics, and allegations […]
US Treasury Department Unveils Startling Insights into Sports Betting and Money Laundering The recent National Money Laundering Risk Assessment by the US Treasury Department casts a spotlight on the burgeoning sports betting market, now evaluated at a staggering $109 billion. This comprehensive report underscores the increased susceptibility to money laundering activities within this sector. A […]
A Bold Move Against Gambling Fraud The Economic Security Bureau of Ukraine has taken a dramatic step by confiscating UAH700 million (approximately €17.3 million) from a top gambling operator, signaling a tough stance against tax evasion within the gambling sector. This action underscores the government’s commitment to ensuring compliance and integrity within the industry. In-Depth […]
GAN Faces Legal Storm Over Sega Sammy Acquisition Allegations In the high-stakes world of iGaming business mergers, GAN Limited finds itself at the center of a brewing legal tempest. A class action lawsuit filed by Joseph Zappia, a distinguished investor, alleges that GAN misled investors during the crucial Sega Sammy acquisition process. With a pivotal […]
SkyCity Braces for Regulatory Storm: Sets Aside $46 Million for AML Compliance Penalties SkyCity Entertainment Group takes a proactive stance in response to its anti-money laundering (AML) challenges, earmarking a substantial $46 million to address potential penalties. This strategic move comes as the gaming giant faces Federal Court action from the Australian Transaction Reports and […]
Italian Police Unearth Mafia’s Multinational iGaming Scheme with €400M Seizure In a significant blow to organized crime in the online gambling sector, Italian law enforcement agencies have seized a staggering €400 million in assets linked to a mafia-associated iGaming company based in Malta. This move is part of “Operation Galaxy,” an extensive campaign targeting the […]
Maryland Enters the Online Casino Arena: The Pathway Set by SB0603 In a significant move, Maryland State Senator Ron Watson has presented SB0603, a bill poised to revolutionize the state’s gambling landscape by legalizing online casinos. This progressive step could place Maryland among the pioneers in the US igaming sector, joining the ranks of states […]
Unfolding Drama in DraftKings Cybercrime: New Charges Announced The Federal Bureau of Investigation (FBI) has intensified its crackdown on cybercrime with the recent charging of two more individuals, Nathan Austad and Kamerin Stokes, in the DraftKings user account hacking case. This development in the Southern District of New York is a significant advancement in a […]
Entain’s Legal Challenge: Uncovering BetCity’s Hidden Regulatory Probes In a significant legal move, global gaming giant Entain has filed a lawsuit against the former owners of BetCity, alleging a deliberate concealment of investigations by the Netherlands Gambling Authority (KSA) during the €850 million acquisition process. This action highlights the critical importance of transparency and compliance […]