Online Casino News From Around the Globe

UKGC Fines Leovegas £600,000 For Misleading Advertising and Self Exclusion Failures
May02

UKGC Fines Leovegas £600,000 For Misleading Advertising and Self Exclusion Failures

The UK Gambling Commission has shown in the last few years that they are not scared of enforcing heavy penalties and fines on operators who are in breach of the law. We have reported on the hefty fines given to 888, Lottoland, Ladbrokes and others. The latest big name operator to feel the wrath of the UKGC is that of online gambling operator LeoVegas who were penalized for failures relating to their handling of customers at the end of their self-exclusion period and misleading advertising. The fined give to LeoVegas was £600,000. In addition LeoVegas will have to divest themselves from any funds gained as a result of their failings. The UKGC found that LeoVegas were responsible for no less than 41 misleading adverts. They also failed to return funds to 11,205 players who had chosen to self-exclude themselves and close their accounts. In terms of marketing breaches it was found that 1,894 people who were already self-excluded received marketing materials. Lastly LeoVegas permitted 413 previously self-excluded customers to gamble without speaking to them first or offering them a 24 hour cooling off period. The CEO of the Gambling Commission Neil McArthur explained the decision and said,” The outcome of this case should leave no one in any doubt that we will be tough with licence holders who mislead consumers or fail to meet the standards we set in our licence conditions and codes of practice. We want operators to learn the lessons from our investigations and use those lessons to raise standards....

Read More
Lottoland Accuses Rivals Of Misleading Government
May01

Lottoland Accuses Rivals Of Misleading Government

The Australian lottery market and in particular the online lottery sector has been in the headlines recently with private online operators like Lottoland creating a fury down under. We have reported on the anti Lottoland campaigns and the subsequent offers made by them to newsagents in an effort to block pending legislation that would block all lottery operators that offer betting on the outcome of a lottery and not the lottery itself. In the latest mudslinging, Lottoland has accused it’s main rivals to their existence of misleading the public. Lottoland Australia CEO Luke Brill has called for a review by the Australian Government on their planned legislation that would ban online lottery betting. Lottoland claims to have proof that the newsagents misled the public regarding their true membership numbers. Brill claims that the Australian Lottery and Newsagents Association (ALNA) parent company was  “facing financial ruin” and misrepresented the government in their claims that they have over 4000 members when in fact they only have 707 paid members which id almost 80% less than their initial claim. In addition Brill said that the ALNA were only helping Tatts to create a monopoly and were not acting in the interests of the public. Not surprising the ALNA were quick to fight back and said that the latest Lottoland claims were “adding another string to their ruthless bow of propaganda and deception” and even accused Brill of twisting the facts. The ALNA also threatened legal action against Lottoland for spreading such rumors and stated that the documents submitted to the government reflect there being over 4,000 small business operating as lottery...

Read More
Study Shows DFS Is Based On Skill And Not Chance
Apr30

Study Shows DFS Is Based On Skill And Not Chance

The question whether daily fantasy sports is a game of skill or chance has been widely debated over the last few years. Both DFS giants DraftKings and FanDuel used the argument that DFS is a skill based game when defending themselves before lawmakers who considered them nothing less than real money gambling. Indeed the very fact that this question is open to debate is what resulted in increased scrutiny for the DFS industry that resulted in lengthy lawsuits and increased regulation. A recent study conducted by Kansas University concluded that DFS is indeed a games skill and not merely a game of chance. The study which was published in the Journal of Sports Science was aimed at legislators and the hope is for them to classify DFS not as gambling. Among some of the findings of the study were that,” Unskilled participants never win at DFS.  With extremely high probability, all DFS winners have skill.” The result of the study by Professor Todd Easton and Sarah Newell were based on conclusion from studying simulation cases that generated random teams. The idea was to simulate a DFS participant who knows nothing about the sports. The results were that such participants failed dismally and did not won a single payout. The study said,” The most astonishing result is that not a single team won a payout. It is difficult to truly comprehend the extreme rarity of losing all 35 contests. This is less likely than a single ticket winning the Powerball. It is less likely than flipping a coin and getting heads 28 times in a row. It is 300 times less likely than being struck by lightning this year.” In their conclusion aimed at legislators the authors stated unequivocally that,” Elected leaders and the judges of the country or state determine what constitutes gambling. This paper has shown that DFS contests do not meet one the necessary requirements of gambling: chance. Thus, the authors recommend that states should no longer legally consider DFS salary cap contests as gambling and encourage the use of this research to inform the public and lawmakers of these new developments in this controversial...

Read More
NIGA Wants In On Legal Sports Betting Market In U.S.
Apr26

NIGA Wants In On Legal Sports Betting Market In U.S.

The list of various parties looking to capitalize on the possibility of sports betting being legalized in the U.S. is growing by the day. We already reported on some of these players looking to get in on the ground floor including the NBA, MLB and NFL. Not surprising the Native Indian Tribes are now voicing their concerns ahead of the pending decision by the Supreme Court. At the recent National Indian Gaming Association Tradeshow and Convention in Las Vegas the National Indian Gaming Association (NIGA) passed a resolution which is set to ask Congress to above PASPA and in its place introduce legislation that would include all Indian tribes to also enjoy the benefits of offering legal sports betting in states where it would be legal to do so. They are insisting that “lawmakers should fully recognize and protect Indian gaming operations and satisfy the NIGA Principles of Sovereignty.” NIGA is wary of a scenario where sports betting gets legalized for everyone expect Indian lands which are still prohibited from operating under the 1998 IGRA act. A member of the Bad River Bank Lake Superior Chippewa, Aurene Martin voiced what man Indian tribes fear in that there could well be a scenario where, “prohibition against the states is repealed but the prohibition against the tribes...

Read More
Corruption Rife At Lower levels Of Tennis World
Apr25

Corruption Rife At Lower levels Of Tennis World

Match fixing and illegal betting is sports is no new problem. We have covered this topic in detail over the last few years and with the explosion of instant online information available to everyone, the problem is getting worse. In a report done by an investigator at the Tennis Integrity Unit (TIU) it was revealed that at the lower end of professional tennis, corruption is rampant mainly due to players not being able to earn a living and the explosion of online betting which generates billions of dollars. The report compiled by teams of lawyers specializing in sports law found that,” ‘The current tennis environment provides a lamentably fertile breeding ground for breaches of integrity.” The less worrying news is that this type of match fixing has not reached the higher levels like the Grand Slams, ATP or WTA Tour events. Most of the offenders are male. Reacting to the report which took over two years to compile at a cost of £15m the sport’s authorities have pledged to implement some of these findings. Some of the immediate measures will include the strengthening of the TIU to 17 employees and limiting “pure appearance fees” which do not offer the player much incentive to perform. The report also recommends the TIU expand globally and not just be based at their current headquarters in...

Read More
NetEnt Releases Excellent Q1 Results Despite Severance Package to Former CEO
Apr24

NetEnt Releases Excellent Q1 Results Despite Severance Package to Former CEO

Results are in for the first quarter of 2018 for online technology supplier NetEnt. The Stockholm based giant released their latest figures which show revenues of $50.5m for the quarter which is 31% higher than the same period last year. The figures would have been even better if NetEnt did not have to pay the former CEO Per Eriksson a severance package after been showing the door by NetEnt’s Board. It was reported that despite the good results there was disappointment at the rate of growth and the board favored new leadership to lead the company in the long term. Factors contributing to at the quarterly figures were also weakness in Norway which was made worse by plans to further restrict payment processing by unauthorized international sites. In terms of revenues from locally regulated markers NetEnt’s share rose by three points of 34% which was mainly due to a strong performance in Italy. Netent also said that they plan on expanding activities in the U.S. by applying to the newly regulated Pennsylvania market. In addition they plan on launching in Canada via British Columbia’s BCLC’s PlayNow.com in Q3. Operating profit rose 5.5% to SEK134m and after-tax profits shot up nearly 27% to...

Read More
Page 10 of 244« First...89101112...2030...Last »