Business , iGaming , Legal , North America , Partners , Regulation
May 24, 2023

The regulatory authority in Massachusetts expressed its frustration over the betting violations committed by DraftKings

The Massachusetts Gaming Commission (MGC) commissioners expressed their frustration regarding DraftKings’ betting violations. DraftKings voluntarily reported to the Commission when it discovered that it had offered bets on the tennis UTR pro-series, an event not approved for betting in the state. The MGC’s Investigations and Enforcement Bureau (IEB) conducted an investigation into the matter, revealing […]

Asia , Business , Finance , iGaming , Legislation , Regulation
May 24, 2023

Pagcor has announced the cancellation of the accreditation of a POGO service provider

PAGCOR

The Philippine Amusement and Gaming Corporation (Pagcor), the state gaming corporation and regulator, has made an announcement regarding the cancellation of the accreditation of CGC Technologies, a customer relations provider for a Philippine offshore gaming operation (POGO). After conducting an investigation, Pagcor confirmed that CGC Technologies was involved in illegal activities, leading to the revocation […]

Business , EMEA , Finance , Legal , Legislation , Regulation
May 24, 2023

MGA officially announces the revocation of Totup System’s license

Following a breach of regulations, the Malta Gaming Authority (MGA) has officially revoked Totup System’s license. The breaches primarily involved non-payment of applicable license fees and compliance contribution fees within the specified timeframe. Despite being given a 20-day window to respond and provide justifications, Totup failed to submit a response, leading to the cancellation of […]

Business , Casino , EMEA , iGaming , Legislation , Regulation
May 24, 2023

Proposed Legislation in Malta Aims to Safeguard Operators Against Foreign Accountability

In response to certain businesses encountering legal actions related to their operations in Austria, legislators in the Maltese parliament have presented a bill (Bill 55) aimed at safeguarding licensed online gaming operators from foreign liability. The proposed legislation seeks to amend Malta’s gaming regulations by incorporating a provision that would prevent Maltese courts from granting […]

Business , Casino , Finance , Legal , Oceania , Partners , Regulation
May 24, 2023

Sydney Court Imposes Fine on Unibet Operator for Unlawful Advertising

The Unibet operator, known as Betchoice, has been fined AU$60,000 (€36,462) by Sydney’s Downing Centre Local Court for engaging in illegal gambling advertising that targeted residents of New South Wales. Following an investigation by the New South Wales Liquor & Gaming authority, it was discovered that Betchoice had released advertisements enticing individuals to open betting […]

Business , Casino , Finance , Legal , Oceania
May 24, 2023

Australia Faces Potential $3 Billion Loss Due to Offshore Gambling

According to a recent report commissioned by Responsible Wagering Australia (RWA) and conducted by betting and gaming consultancy H2 Gambling Capital, Australians could suffer a staggering loss of nearly $3 billion in taxes due to illegal offshore gambling. The Australia Offshore Wagering Market Analysis 2023 report projected that between 2022 and 2027, illicit activities in […]

Latam & Carribean , Legislation , Regulation , Sports Betting
May 23, 2023

Government regulates sports betting in Brazil

Brazil

Brazil’s Federal Government is charting a new course for the fixed-odds sports betting industry, characterized by stringent regulations, a fair taxation model, and a strong emphasis on social contributions. As the country moves towards implementing these measures, the landscape of sports betting in Brazil is poised for transformation, promising enhanced transparency, player protection, and significant […]

Business , Casino , EMEA , Finance , Legal , Legislation
May 23, 2023

SkillOnNet has been charged £305,105 by the UK Gambling Commission (UKGC) to support social responsibility initiatives

SkillOnNet has been issued a “payment in lieu of a financial penalty” by the UK Gambling Commission (UKGC) amounting to £305,150 due to violations related to social responsibility and anti-money laundering measures. SkillOnNet, the operator of 50 websites, including white label arrangements such as gentingcasino.com, playtoro.com, and slotstars.com, has become the latest target of the […]

Asia , Business , Finance , Legislation
May 23, 2023

Online gaming winnings taxed in India

According to a recent announcement by the Indian government, bonuses, referrals, and incentives provided by online gaming companies will now be subjected to taxation. The government considers these elements to be a part of a player’s overall winnings, as reported by Reuters. The Central Board of Direct Taxes has issued new guidelines stating that online […]

Business , Legislation , North America , Regulation , Sports Betting
May 23, 2023

Minnesota sports betting bill did not pass the legislative session

The approval of gambling legislation will now be postponed until the next legislative session. The legislative session in Minnesota concluded without the sports wagering legalization proposal being brought to a vote. Minnesota will not see the legalization of sports betting this year as the legislative session concluded without addressing HF 2000. Despite making progress earlier […]