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Monthly Archives: January 2018

Will Greece Keep its Online Gambling Tax at 35 Percent?

Anyone who is still thinking that Greek online gambling operators will be able to dodge a sky high 35 percent tax on their revenue is likely in for a big disappointment. Earlier this week, a US consultant contracted by the Greek government to study the matter issued a report recommending …

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$530 Million Bitcoin Heist Leaves Investors Holding the Bag

Coincheck, a Japan-based cryptocurrency exchange, is reeling after being hit by hackers who looted $ 530 million worth of bitcoin from 260,000 site users. The electronic heist is the largest known grab of electronic cash on record and is sending shock waves through the bitcoin world. Word of the heist …

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UK Gambling Regulators Ready to Drop the Hammer on Ad Code Violators

The UK Gambling Commission (UKGC) is getting ready to make good on its promise to crack down on gambling operators who violate its advertising code. Late this week the Commission released a series of proposed new standards, and penalties, that could radically reshape the face of UK gambling advertising. Among …

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Duterte Picks Notorious Gambler to Combat Illegal Gambling

If the expression, “It takes a thief to catch a thief,” is true, could it also be possible to say, “it takes a gambler to combat illegal gambling?” In the beleaguered Philippines, President Rodrigo Duterte is about to find out. Earlier this week, Duterte make a public statement declaring that …

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UK Horse Racing Industry Says ‘Whoa’ to Proposed FOBT Minimums

An effort by UK lawmakers to limit the maximum wager at fixed-odds betting terminals (FOBT) is meeting resistance from some of the very people it’s designed to protect. Earlier this week, representatives of the British Horseracing Authority (BHA) came out against the effort being made by secretary of the Department …

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WinView Creates New Niche in US Sports Betting Market

The US sports betting ban is becoming more and more porous as companies like DraftKings, FanDuel, and now WinView are proving. WinView is a Silicon Valley-based startup that’s looking to disrupt the sports betting scene with a unique business model that emphasizes in-play predictions. WinView’s operation is pretty original, but …

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Tasmanian Liberals Stand Up as Pokie Protection Party

As election time looms in Australia, the Tasmanian Liberal Party has a message for voters; pokies are perfectly legal and should not be banned. It’s a hot topic in the Australian state where Labor would like to ban pokies and say goodbye to the machines (and the tax revenue they …

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Indiana Sports Betting Bill Includes Payoff to Sports Leagues

An Indiana lawmaker is looking to make regulated sports betting more appealing to professional sports leagues by including a one percent “integrity fee” in his latest effort to legislate legal wagering. The fee would be collected by operators and used by the leagues to combat the kind of game-fixing that …

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UK Ad Regulators Call Out Fruity King for Sexist Tweet

Ad regulators at the UK Advertising Standards Authority (ASA) are calling out Fruity King Casino for sending out a tweet that is, by any standard, incredibly sexist. The tweet in question was posted on September 8 and the ASA’s description of it in their posted complaint provides a pretty thorough …

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