Gambling News

  • 14 August 2015

    UK Gambling Commission: List of Approved ADR Entities

    In the United Kingdom, there have been some huge changes in how online gambling is handled inside of the past 18 months. One of the biggest changes that benefits players is the Alternative Dispute Resolution for Consumer Disputes process. The way that this works is that each operator that's licensed by the UK has to use at least one of the ADR entities by the beginning of this September. These entities will mediate in the case of disputes for the players.

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  • 12 August 2015

    Macho Sports Illegal Sports Betting Sentencing Complete

    Of all of the different types of gambling out there, it seems like sports betting is the type that gets the most attention to being tied to different types of crime. This is definitely the case for the operators of Macho Sports who were hit with a handful of different federal charges after a sting operation ended with them forfeiting millions of dollars in assets.

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  • 10 August 2015

    Asset protection does not protect you from the Internal Revenue Service

    Dear Reader, This Blog could be one sentence long: “Asset protection does not protect you from the Internal Revenue Service!” Since some will doubt me, and many have tried to beat the Collector (the most powerful arm of the U.S. government targeted at citizens rather than terrorists), here are 10 reasons why asset protection is useless against the government. First, the homestead exemption does not apply to the IRS.

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  • 09 August 2015

    Unibet Purchases iGaming Holding in Continued Expansion

    In a move that expands in key areas, Unibet has purchased iGaming Holding plc. This deal was made for €59 million in cash, and another €20 million could be on the way based on future performance. This is a pretty typical deal for a purchase of this size, and it just goes to show that Unibet is continuing to expand. However, they aren't just expanding in any direction they can for the sake of it. Instead, they're growing in a very strategic way.

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  • 05 August 2015

    Coingaming Launches Bitcoin Online Sportsbook Software

    When bitcoin started becoming popular a couple of years ago, one of the things that people naturally gravitated to was the idea that it could be used to fund online gambling accounts. The anonymous aspect of the transactions made it really easy to see some advantages of this. Coingaming was a software company that jumped at this opportunity and started created software solutions for operating online gambling sites based around bitcoin.

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  • 05 August 2015

    Amaya Sells Chartwell and CryptoLogic to NYX Gaming

    The Amaya Gaming Group has made an enormous amount of noise in the news over the past year, and they've done it again with a key deal that shows a lot about their investment strategies. They have sold Chartwell and CryptoLogic, two online casino software providers, to NYX Gaming. This deal was for $110 million in cash and $40 million in stock, and this comes after they've held both companies for less than four years. The Original Purchase Back in 2011, the Amaya Gaming Group bought Chartwell.

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  • 02 August 2015

    Malta Gaming Authority Pulls Three Mob-Linked Licenses

    In an interesting move, the director of Fenplay Ltd was arrested recently because of his connection with the 'Ndrangheta betting network. Vincenzo Giuliano was arrested along with 27 others in this investigation of the Italian mafia. Along these lines, Fenplay has seen its license suspended by the Malta Gaming Authority, and they have been told to stop all activities. Players are able to email the Malta Gaming Authority at support.mga@mga.org.

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  • 01 August 2015

    GVC Continues Push for Bwin.Party

    The bidding war for Bwin.Party has been primarily held between two groups. On the one hand, you have 888 Holdings, and on the other hand, you've had a cooperative effort between GVC and the Amaya Gaming Group. The GVC-Amaya cooperation was thought to have lost the bidding battle to 888 Holdings after an earlier announcement, but it seems like GVC just won't quit. They've announced a new offer to Bwin.

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  • 01 August 2015

    Rival Gaming Leaves the UK Market

    In the past couple of years, the United Kingdom has revamped how they handle the licensing and taxes for online gambling companies. This includes software companies that offer games to operators, and these new regulations have put a number of companies in a bind because of how difficult it is to stick to the guidelines that the UK requires for compliance. Rival Gaming is the latest in a number of companies who have decided to leave the market instead of sticking around.

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  • 01 August 2015

    Beteagle Owner Joseph Graziano Gets 18-Month Sentence

    Beteagle is an online sportsbook that was owned by Joesph Graziano, and it offered its services to United States players. This earned him an 18-month prison sentence, a $1 million forfeiture, another $16,000 fine, and three years of supervised release. His associate Dominick J Barone had already pleaded guilty to related charges, and Joseph Lascala is set to be charged as well. These figures are all connected to organized crime in the area.

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