The Reuters news agency reports that Gibraltar could be the first jurisdiction in the world to issue a bespoke financial licence for fintech firms using blockchain distributed ledger technology. The jurisdiction’s financial services regulator will make the licences available from January 2018 in a bid to attract start-ups to the British overseas territory, Reuters reports, …
The Southwark Crown Court in England is currently hearing the case against Grant West (25) who has admitted illegally obtaining details of online customer accounts at several UK companies, including the Ladbrokes betting group, in order to sell the information for Bitcoins on the dark web. Local media reports indicate that hundreds of thousands of …
The Dundee City Council has managed to almost break even after closing the books on an eight year, million pound sterling fraud by an employee who blew the money on online gambling sites, according to local media reports. Employee Mark Conway made off with GBP 1,065,000 in eight years of embezzlement that was only uncovered …
The Times of Malta reports that Italian police in Palermo carrying out an anti-Mafia investigation have uncovered plans by the criminal organisation to relocate gambling activities via Malta-registered online gambling firms. Police conducted a series of raids around Palermo last week, arresting 25 alleged Mafiosi. The anti-Mafia prosecutor in Palermo, Salvatore de Luca, claimed that …
Specialist virtuals provider Kiron Interactive has inked a content agreement with online gambling operator Pinnacle that will see the former’s online bet management platform, Betman Online, available to the operator through the Iforium platform. Kiron’s full gaming portfolio will be at the disposal of Pinnacle customers, including its diverse catalogue of virtual sports titles. Steven …
The police in Thailand have reported breaking up an online gambling and call scam ring in the Sadao district bordering Malaysia. Police teams kept various residential premises in the area under surveillance for several months prior to mounting raids in which 23 Chinese nationals were arrested and 42 computers, together with other evidence of illegal …
Online gambling group GVC Holding’s remuneration committee had a torrid time at the company’s extraordinary general meeting this week, according to a company announcement that showed 27.5 percent of investors voted against a new directors’ remuneration policy, and 26.4 percent objected to a new annual and deferred bonus plan. Not that investors have much to …
SG Interactive, the online arm of US gambling supply, technology and content group Scientific Games announced Thursday that its games are now available in the regulated Italian market for the first time. Eleven SG Interactive titles are currently certified for release in Italy, including popular brands such as Spartacus Gladiator of Rome, Rainbow Riches Free …
UK online gambling group Bet365 is making progress on its long-running battle to register its title for trademark protection in Europe, with the European Union General Court at least partly supporting the company’s case. In a ruling this week the court struck down part of a prior finding that the mark ‘Bet365′ was descriptive and …
Turnkey online casino provider EveryMatrix has announced the launch of its new second generation Unified Bonus System (UBS) service through a partnership with online casino operator PlayFrank. The modular UBS creates, manages and reports on bonusing for casino and sports products and enables operators to combine bonus programs and promotional packages that are activated by …
Online slots developer Play’n Go’s latest Sea Hunter game has a marine-based theme that takes players to the depths of the ocean on a hunt for some slippery customers. Players plunge into a virtual underwater world where, amongst others, killer whales, stingrays, and jellyfish must be targeted in a search for explosive rewards in this …
The BDDK, Turkey’s national banking regulator, has published new financial restrictions designed to clamp down on illegal gambling. The new regulations were drafted in collaboration with the Banking Association of Turkey (TBB) and the Financial Crime Investigation Board (MASAK) (see previous reports). The three institutions introduced a new system to increase data quality in tracking …
The New Jersey Division of Gaming Enforcement (DGE) issued the November performance figures for Atlantic City casinos late Wednesday, reporting that overall revenues were up 4.6 percent y-o-y at $206.4 million last month, compared with $197.2 million a year ago. Internet gambling was again the star of the show, delivering revenues up 20 percent year-on-year …
Australian media outlets are reporting that the International Cricket Council has launched an investigation into spot fixing allegations targeting the third Ashes Test between Australia and England in Perth, starting this week. The investigation follows a sting operation carried out by The Sun newspaper, which claims it has evidence that bookmakers have been offering to …
The management at Ignition online casino reports that an anonymous Texas online punter identified only as OmarS hit a major progressive slot jackpot last Saturday and has picked up $1.56 million. OmarS was having a good session and was up around $7,000 playing on the Jackpot Pinatas slot when he hit a free spins reward. …
Hopes earlier this week that the Brazilian Senate’s Constitutionality and Justice Committee would progress online and other gambling reform legislation (see previous reports) were dashed when the committee dissolved before turning its attention to PLS 186/2014. Committee chair Sen. Edson Loboão regretted the failure to address the much-delayed gambling proposal but explained that committee members …
The House Regulatory Reform Committee in Michigan has passed an online gambling legalisation bill on a vote of 12 vs. 3 with a single abstention in the closing hours of the current legislative session. Although it is unlikely that bill H 4926 will make it to the floor before the session ends, under the Michigan …
Brazil possibly rivals only the Netherlands in its glacially slow approach to passing gambling legislation, as evidenced by bill PLS 186/2014, which has been doing the legislative rounds in several years of amendment and debate, delaying the introduction of what could be a massive gambling market that includes legalised online activity. The latest development on …
Currently on the run-up to launch, international lottery and e-gaming platform provider Wild Crypto has announced that it will be helmed by William Trentini, who has more than 20 years international experience in the financial industry across wealth management and investment banking, and has recently been involved in developing business opportunities across the crypto and …
Gambling technology firm Win Systems splashed out in the Italian city of Venice this week as it launched its unique new roulette system, Gold Club Knockout. The exclusive event at Casino di Venezia was billed as the world premiere of the pioneering, patented product, which received positive feedback from invitees impressed by the new concept. …
Australian gambling group Tabcorp has reported that its merger plans for Tatts are on track following shareholder approval this week. On Wednesday the group also advised in a stock exchange release that the Supreme Court of Victoria has approved the merger, and that Tatts has confirmed that the Court orders have been lodged with ASIC …
Sports betting solutions provider SBTech has added to its range of in-play products with the launch of Action Betting, a mobile-first feature which dynamically suggests markets of interest to players through contextual alerts and call-to-action betting options. Powered by SBTech’s machine learning algorithm, Action Betting creates instant notifications when a specific incident occurs in a …
Where do all the discarded toys of past Christmases go when the children no longer want to play with them? They go to Misfit Toyland, says games developer Rival Gaming in releasing its latest offering – a 5 reel 243 line slot titled Misfit Toyland. On Christmas Eve, Santa and his helper Elves visit Misfit …
The eSports phenomenon has met expectations for increased revenue in 2017 according to new figures from independent research analysts Superdata, which show that the sector delivered revenues of $1.8 billion in 2017. Superdata predicts that growth will continue to an overall 26 percent by the end of 2020, fuelled by increases in viewers of 12 …