Business , Casino , EMEA , iGaming , Legislation , Partners , Regulation
May 18, 2023

Soft2Bet secures licenses for betting and gaming operations in the lucrative Greek market

Soft2Bet acquires two seven-year licenses to further enhance its market presence and pursue expansion opportunities in Greece. Soft2Bet had a productive month in May, receiving various accolades, awards, and nominations in recognition of its software solutions. As the month began, Soft2Bet proudly announced the acquisition of a Business-to-Business license for Sweden, complementing its existing Business-to-Consumer […]

Business , Casino , Finance , Legislation , Regulation
May 17, 2023

Spain bolsters efforts to combat sports betting fraud

Yesterday, the Spanish Ministry of Consumer Affairs made an announcement regarding the signing of a collaborative agreement with the General Directorate of Police (DGP). As per the agreement, the DGP will be responsible for conducting criminal investigations into potential cases of sports competition manipulation and betting fraud. These cases will be identified by the network […]

Business , Casino , Finance , Legal , Regulation
May 16, 2023

Finland Imposes €2.5m Fine on Betsson for Attracting Mainland Bettors

BML Group Ltd., a subsidiary of Betsson, has received a prohibition order and a conditional fine of €2.5m ($2.7m) million for engaging in unlicensed marketing activities within the Finnish market. This occurred despite the fact that Betsson lacks the necessary license to operate in the Nordic country. The investigation revealed that Betsson, operating through BML, […]

Business , Casino , Finance , iGaming , Legislation , Regulation
May 16, 2023

Spelinspektionen granted with new powers

Sweden’s legislature has given its approval to the proposed new powers for the country’s gambling regulator, Spelinspektionen. The update to the Gambling Act will enhance the regulator’s capacity to effectively monitor and intervene in the operations of unlicensed online gambling operators. Starting from July 1, Spelinspektionen will implement a new measure allowing them to conduct […]

Business , Casino , Finance , Latam & Carribean , Legislation , Regulation
May 15, 2023

Brazilian government issued a provisional notice of regulation for sports betting

Brazil’s federal government has released a provisional notice containing rules for the upcoming regulation of fixed-odds sports betting. These rules, formulated by the Ministry of Finance, await the final approval from Brazil’s president. Upon receiving the necessary approval, the proposals will be forwarded to the chief of staff, and relevant ministries will commence the process […]

Business , Casino , Finance , iGaming , Legislation , North America , Regulation
May 15, 2023

Texas sports betting bill has progressed to the Senate

After successfully passing a third reading, the Texas House of Representatives has approved the measures aimed at legalizing sports betting in Texas. House Joint Resolution 102 and Representative Jeff Leach’s House Bill 1942 will now proceed to the Senate for further consideration. During Thursday’s vote, HJR 102 garnered 101 votes out of a potential 143, […]

Business , Finance , iGaming , Latam & Carribean , Legislation , Regulation
May 13, 2023

15% tax proposed for sports betting in Ecuador

Ecuador’s new tax reform, proposed by President Guillermo Lasso, has been presented as an urgent economic project that must undergo analysis by the country’s congress. As per the Ecuadorian Constitution, the project must be processed within thirty days of its receipt. The proposed tax reform by President Guillermo Lasso of Ecuador suggests the implementation of […]

Business , Casino , Finance , iGaming , Latam & Carribean , Legislation , Regulation
May 13, 2023

Mexican President called for an investigation into the establishment of new casinos in the country

President Andrés Manuel López Obrador has instructed his cabinet to investigate the casinos that have recently opened in Mexico, sparking discussions about the issue. The president had previously stated several times that no new casino licenses would be granted in Mexico until further notice, a stance taken in 2019. Nevertheless, last year, a casino was […]

Business , EMEA , Finance , iGaming , Legislation , Regulation
May 13, 2023

The authorization of gambling halls in Castilla y León has been suspended for an additional two years

On Thursday, the Governing Council of the Junta de Castilla y León approved a decree that leverages the approval of the decree-law governing the Internal Information System of the Community Administration, which safeguards whistleblowers from potential irregularities. The decree also includes a 24-month extension in the suspension of new authorizations for the opening of gaming […]