Published 24.05.2019 Author: J.D Category: News
The current acting Civic Ombudsman has urged the Spanish government to consider setting up a blanket ban on all gambling related advertisements, extending to the media, radio, television and the internet. The suggested ban comes after the “soon to be formed” Spanish coalition government is expected to be implementing new regulation which will involve stricter control over the ways such advertisements can run.
This isn’t the first time these proposals have circulated in Spain, their Finance Minister – Maria Montero has previously suggested to place a similar ban on gambling, to the one in place for tobacco products.
It has been said that any operator who is found in contravention with the proposed ban could result in the cancellation of the operator’s license, however
Published 23.05.2019 Author: J.D Category: News
Ohio is coming very close to legalising sports betting, but the law hasn’t quite passed yet and there’s the possibility of disputes on the horizon. Unfortunately, this last hurdle is where Ohio is seeming to be stuck at, with lawmakers unable to reach an agreement on several points – running the risk that sports gambling might not become legal before the end of the year.
The General Assembly is torn between two options, Bill 194 (HBH 194) proposed by the House and Bill 111 (SB 111) by the Senate. The two bills have many similarities and merits, but they differ on a number of points with a major standpoint being who will regulate the sports betting industry.
The House bill has stated that the Ohio Lottery Commission would regulate the industry, containing as many as 1,000 sportsbooks across the state. Whereas the Senate bill would want the activity to be controlled by the Ohio Casino Control Commission (OCCC). Arguing that the commission has the experience required to control the activity but would be restricted to sports betting taking place in one of the 11 casinos and racinos licensed in the state.
SB 111 proposes to have mobile sports betting websites tied in with the licensed casinos, but being limited to the 11 facilities in the state will more than likely sway the vote towards the House’s version of the Bill.
As for the pricing, the House stated that the initial licensing fee would be $100,000 with
There’s plenty of time for the differences to be worked out, with the Ohio General Assembly being in session until the end of December, but the differences in the Bills will hinder the chance of sports betting legalisation from progressing sooner rather than later.
Published 21.05.2019 Author: J.D Category: News
The UK’s gambling regulator has struck four of their licensees with fines that total £4.5 million. The fines were in response to the operators having a lack of attention to anti-money laundering processes, customer due diligence and social responsibility obligations.
After some time spent looking into the vast majority of the casino operators who hold a UKGC licence, the regulatory body found four offenders, including InTouch Games Ltd (£2.2 million), Betit Operations Ltd (£1.4 million), MT Secure Trade (£700,000) and BestBet (£231,000).
InTouch, which operates mFortune, PocketWin and Mr Spin, took little interest in finding where their customer’s funding was coming from – this is something the UKGC has been investigating since April of 2018. InTouch was found to have their financial triggers too high to flag warnings when players were depositing and withdrawing large amounts, resulting in concerns that money laundering
Similarly, Betit was found to have very little money laundering risk assessments in place, with the small amount being insufficient to meet the license requirements. One of their customers deposited around £67,000 – which caused no red flag to be triggered, resulting in the operator not investigating the source of these funds. Another example was when a different customer deposited over £100,000 in a 24 hour period, despite having two cards declined.
The UKGC has repeatedly shown that they are losing their patience with operators who are failing to stick to the rules and increased fines have been warned for future offenders. Last year, they reportedly charged over £27 million in penalties and given that they are carrying out even more investigations this year, they are expecting to surpass that figure.
Published 20.05.2019 Author: J.D Category: News
It’s not in distant memory, that the one and only Tiger Woods has made a comeback to his decorated career by winning the PGA Championship. A William Hill gambler spent his time biting his nails as he had $85,000 on the line after an against the odds bet on the, 14 year dry, golfer. James Adducci, the gambler managed to bank himself $1.19 million, after being given the odds of 14-1.
Adducci explained that “A month before is when I knew I was going to do it. I had been thinking a lot about this. I watched Tiger’s performance at the Tour Championship, and things seemed to be going his way. I looked at how well he did there, and some other factors you can’t put stats behind. It wasn’t about the stats for me. The fact that this was going to be his first major in front of his kids, I was convinced he would win.”
Darren Rovell of the Action Network drew attention to the fact that Adducci had the second highest earnings based on the event, banking around $250,000 more than the 2nd place golfer Xander Schauffele. The Direct of Trading at William Hill stated that
James Adducci hasn’t stopped there, investing some of his winnings into an even bigger wager. He believes that Tiger is going to sweep the next three majors, he would be hitting the record of four golf majors won in a single year. He has already travelled to SLS Las Vegas to place his $100,000 bet with 100-to-1 odds. Stating that “Tiger has history winning at Bethpage, and he won at Pebble, by the biggest margin in history. This is a very unique situation.”
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