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Gambling Law & Society News (1268 articles)

666Bet Director Involved in £21M Fraud and Money Laundering Case

The suspension of MetroPlay-666Bet's license is now being followed up by the questioning of director of companies Paul Bell for his involvement in an alleged £21 million fraud and money laundering case. Bell is a director of 666Bet and was reportedly arrested at Heathrow airport last week as part of an investigation involving both HM Revenue & Customs and Nati...

Gambling Law & Society News

The End of Virtual Horse Racing Machines in Idaho

Idaho’s virtual horse racing machines are about to be pulled throughout the state after the House supported the Senate vote to reverse legislation passed in 2013. The bill is now in the hands of state governor, Republican Gov. C.L. Otter and legislators are confident it will be approved. "We thought we were supporting a game of skill. It turns out, that i...

Gambling Law & Society News

Female Illegal Gaming Operator Indicted in Korea

An illegal online gambling operator has been indicted in the South East Korean industrial city of Ulsan for allegedly providing gaming services on 79 tablet devices installed with gambling apps. The operator, a woman known as “Yoo”, registered an internet cafe but was found to be selling game points to customers who used the tablets to make wagers. “App r...

Gambling Law & Society News

Leyton Orient Football Club Ends Sponsorship with 666Bet

After the news broke that 666Bet owner, Metro Play’s gaming license was suspended by the UK Gambling Commission and Alderney Gambling Control Commission, its sponsorship partner, Leyton O...

Gambling Law & Society News Sportsbook Sponsorship

Seneca Gaming Joins MGTSports Network

The Seneca Gaming Corporation has become part of MGT Capital Investments’ MGTSports daily fantasy network to allow players to access online fantasy sports when visiting any of Seneca Resorts and Casino’s three properties. Seneca Gaming Corporation is operated by the Seneca Nation of Indians with three properties including Seneca Niagara Resort & Casino, Seneca...

Gambling Law & Society News

Sporting Index Group Sold to Undisclosed Investor

Sporting Index Group revealed that an undisclosed private investor in online sports betting is to acquire the company from its current owners, HgCapital, pending regulatory approval. The company was established in 1992 and offers sports spread betting and odds on political and pop culture events. Under its Sporting Solutions brand, SIG began providing outsou...

Gambling Law & Society News

UK Gambling Commission Suspends 666Bet’s License

Due to possible license infractions, the UK Gambling Commission announced that it has suspended 666Bet’s gaming license. The Commission issued the following statement on Friday: "The Gambling Commission has commenced a review under section 116 of the Gambling Act 2005 (the Act) and, under section 118 of the Act, has decided to suspend Operating Licence No...

Gambling Law & Society News

Pinnacle Sports Awarded MGA Gaming License

Pinnacle Sports was acquired by an undisclosed owner in 2014 and most recently, the Malta Gaming Authority has issued a Class 2 Provisional Gaming License to the bookie. Pinnacle CEO Paris Smith announced the new license in a press release and it signifies a growth strategy and "...initiates ambitious plans for expansion into regulated markets, and the develo...

Gambling Law & Society News

UK Government in Support of Horserace Betting Right

In a UK budget speech this week, Chancellor of the Exchequer George Osborne said the government supports the replacement of Britain’s Horserace betting levy with a Horserace Betting Right (HBR). The BHR will replace the 1963 Horserace Betting Levy and all bookmakers accepting bets from British punters on British races will feel the effects of the HBR. Briti...

Gambling Law & Society News

Skybet Getting Flack for Odds Error

Skybet punters took their complaints that the company wasn’t honoring its advertised odds to the Daily Mail. The Daily Mail published communications and online graphics to support claims that Skybet advertised odds of 25/1 for a Paris Saint- Germain win in its Champions League football match against Chelsea last week. Odds of 25-1 for a PSG win in extra t...

Gambling Law & Society News

Sports Betting Ring Busted in China

Police in the Liaoning provincial city of Dalian have busted an online sports betting ring and arrested 11 foreigners believed to have been responsible for its operation. The investigation revealed that the ring generated profits of 57 million yuan (approximately $9.1 million) and had more than 3,000 customers. Police recovered 21 computer sets, documents...

Gambling Law & Society News

Romanian Sports Betting Operator to Enter Online Market

Romanian retail sports betting operator, Betcafe Arena, has partnered with Spanish sports betting and e-gaming software development company, Optima, to create and support its online and retail sportsbetting platform with the Margin Maker 2 product. Betcafe CEO Vlad Evghenie and Jacob Curciel of Optima finalized the deal this week. Optima is a B2B supplier o...

Gambling Law & Society News

Ireland Close to Implementing New Taxation Laws

The new taxation laws to tax online gambling operators providing services to Irish punters, which has taken years to implement, seems close to finalization. Finance minister Michael Noonan now confirms that the regulations currently await a signature from the president's office, which will see the laws implemented by the end of 2015. The Reuters news agen...

Gambling Law & Society News

ACCC Says bet365 Free Bet in Violation of Aussie Law

bet365 group is amidst legal action taken by the Australian Competition and Consumer Commission, which says that its no deposit and free bet promotions are "misleading representations" and violate local law. The case was brought forth following a complaint submitted to the ACCC and is currently at the pre-trial stage in a Darwin federal court. According to...

Gambling Law & Society News

Adam Meyer’s Last Chance

Adam Meyer, the sports betting pro to the stars will be spending his time in a drug rehabilitation center, sent there by federal Judge William Duffin. Meyer is better known for previous charges of racketeering, extortion and brandishing-a-firearm in an attempted $25 million scam on a wealthy client in Wisconsin. The 42-year-old Meyer is currently out on a million...

Gambling Law & Society News

Nevada Senator Reintroduces Tax Reform Bill for State Sportsbooks

Nevada Senator Dina Titus is making another go at the repeal of a federal tax on Nevada sportsbook turnover, which goes toward federal coffers annually. Titus brought forth her gambling reform bill for the second time arguing that the levy is burdensome on the Nevada sportsbook industry. In a letter to the House Committee on Ways and Means, Titus wrote: “B...

Gambling Law & Society News

Chinese Regulators Turn Attention to Sports Lottery Sales

Last week 500.com’s online lottery operations were temporarily suspended by Chinese regulatory authorities and now additional suspensions have been reported. Alibaba Group Holding Ltd also suspended its online lottery sales on Tabao.com abiding by a request from welfare and sports lottery authorities, a separate organization under the government's Ministry of...

Gambling Law & Society News

DraftKings Partners with UFC

Fantasy sports company DraftKings, Inc. has made another partnership, this time with UFC, a mixed martial arts organization. As the UFC’s Official Fantasy Sports Partner, DraftKings will have brand placement rights at all major events including UFC web properties and social channels. “Like all major sports and leagues, we continue to strive for ways to off...

Gambling Law & Society News

German Lotto Association Disapproves of Deutsche Telekom’s Sports Betting Venture

Germany’s Lottery association, Deutsche Lotto- und Totoblock (DLTB), is not in favor of Deutsche Telekom’s plan to launch online sports betting as it goes against German regulations. Deutsche Telekom will operate Tipp3.de and access the German market under its Austrian license claiming it is breaking no laws in doing so. “Deutsche Telekom wants to contrav...

Gambling Law & Society News

Legalized Online Horse Race Betting for Indiana?

The legalization of online horse racing in Indiana looks promising as a result of Republican Representative Robert Cherry's efforts with bill HB1270. The bill does not address other forms of gambling and Cherry says that the intrastate authorization for advanced deposit wagering was removed from the law in error and his bill simply corrects that. Part of C...

Gambling Law & Society News

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