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After Months Taiwan Nails Fugitive Online Gambling Billionaire

Since fleeing a ban on activities this summer, a fugitive Taiwanese online gambling billionaire was arrested. Taiwan's Criminal Investigation Bureau (CIB) reported on Thursday's the arrest of a man known solely as Zhuang on suspicion of illegal gambling, money laundering and involvement in organized crime. Taiwan news announced that Zhuang was none other than ...

Malaysia Attaches to Recommendations for the Digital Currency

Digital currencies are expected to play a significant role in the gaming industry's future, and Malaysia is getting ready if it does have any role in that. Securities Commission of Malaysia (SCM) has issued new recommendations for digital properties, effectively revising its previous advice as of 28 October. The new guidelines ...

Sportech Declines Standard General Sales Bid

Sportech, the Board of sports betting technology company, has announced that it has declined an bid from New York based investment fund Standard General. The company Standard General offered two regular buy-out deals to Sportech, one priced at 25p per share and the other at 28.5p per share, and the total ...

LeoVegas Profits Fell on Sweden's Cap for Online Casino Deposits

Online gambling provider LeoVegas says Sweden has to take "fast and decisive action" to remove illegal sites or risk a spike in gambling crime with problems. Figures published this Thursday show that in the three months ended September 30, the Stockholm-listed LeoVegas generated revenue of €88.9m, up by just 1% from ...

Radi8 Games Upgrades Loyalty System: from RAD+ to Edge

In 2018 there was first released RAD+, the cross-game participation and reward system by Genesis Gaming built into Radi8 Games software. RAD+ will go through a series of improvements after 2 years of having players interested in playing Radi8's online slots, which will be called Edge. What Is RAD+? RAD+ is the first cross-game ...

Gambling Comission Revokes a License for Silverbond Enterprises

The United Kingdom Gambling Commission (UKGC) has suspended UK-based company Silverbond Enterprises Ltd. operating permit on Wednesday. The decision was based upon the transition in the organizational management of the company. The Commission claimed that it is unclear that if the new corporate management of Silverbond Enterprises Ltd. had been in charge when ...

CBA Fined for Rising Credit Limit for Game Addicted Man

The Federal Court on October 22nd fined the Commonwealth Bank of Australia AUS$150,000 (US$107,053) for raising the credit card cap of a struggling gambler. The bank contravened the National Consumer Credit Protection Act 2019, the Federal Court ruled. CBA Slams Supreme Court In October 2016, the lawyer, David Harris, had warned the bank ...

Spain Approves New Decree on Gambling Ads

Spain Council of Ministers on Tuesday approved the Royal Decree on Gambling Advertisement, which would restrict TV/radio/YouTube ads to a limited 1am-5am timeframe, abolish gambling sponsorship of sports bodies and limit operators providing discounts only to consumers who have already invested at least three deposits. With existing football sponsorship agreements newly grandfathered ...

SportPesa Considers Previous Chairmanship of the Court of Justice

Kenyan number 1 sports betting operator SportPesa is considering seeking legal action against its former chairman Paul Ndung'u, following a string of complaints of fraud from the company's non-kenyan owners. Offshore Assets Move SportPesa officials agree that the magnitude of Paul Ndung’u's entirely misleading statements demands a formal answer that is nothing ...

Judge in Montana Dismisses the Lottery Law to Limit Betting to Bars and Taverns

Lewis and Clark County District Judge Kathy Seeley joined with Montana's opposition group opposing a Montana Lottery-backed law that aimed to restrict sports betting access. Businesses conducting sports betting in the state must sign up with an alcoholic beverage license to continue taking wagers, according to the disputed law. The Lottery initially ...

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