Connect with us

Compliance Updates

US Congress Considers Enforcement and Compliance Review of UIGEA

Published

on

Photo Source: mgretailer.com

 

US Senator Tom Cotton has filed a Congressional bill entitled the “Prevention of Deceptive Child-Targeted Advertising in Violation of the Unlawful Internet Gambling Enforcement Act.”

The bill S. 3322, if adopted, would require the Secretary of the Treasury to opine on the gaming industry’s compliance with certain aspects of UIGEA. Specifically, Treasury would be required to provide: (1) a summary of offerings by online casinos and lotteries operating in the U.S., including a list of such offerings that feature content that may be targeted towards children; and (2) an assessment of both the means by which online casino and lottery websites or mobile apps receive funds from players in light of the prohibitions within UIGEA and the effectiveness of efforts by Treasury to ensure compliance with UIGEA.

Second, the bill would require the Federal Trade Commission (FTC) to report on “deceptive advertising related to unlawful internet gambling,” particularly as it relates to children and a summary of the FTC’s efforts to prevent the same.

Furthermore, the bill requires the FTC to report on how social games may be used to entice children to participate in unlawful internet gambling. Sec. 3(b)(1)(B)(i) requires a report “regarding deceptive advertising related to unlawful internet gambling, including an assessment of efforts by internet website and mobile application developers to deceptively present unlawful internet gambling opportunities, including online slot machines, lotteries, table games and similar offerings as part of non-gambling gameplay or application use within websites and mobile applications offered to users in the United States.”

In short, this bill signals a continuing concern by some in Congress with the various legal and social issues surrounding online gaming.

AB Svenska Spel

Spelinspektionen Launches Supervision of AB Svenska Spel’s Gaming Venues

Published

on

spelinspektionen-launches-supervision-of-ab-svenska-spel’s-gaming-venues

Reading Time: < 1 minute

The Swedish Gambling Authority has launched supervision of AB Svenska Spel’s gaming venues. The supervision covers turnover and the placement of slot machines.

This is the latest step in Spelinspektionen’s push to keep Sweden’s gambling sector in check and make sure companies meet the standards laid out in the Swedish Gambling Act.

When the review is complete, Spelinspektionen will publish the results.

The post Spelinspektionen Launches Supervision of AB Svenska Spel’s Gaming Venues appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

Turkish Football Federation Suspends 149 Referees and Assistants After Betting Probe

Published

on

turkish-football-federation-suspends-149-referees-and-assistants-after-betting-probe

Reading Time: < 1 minute

 

The Turkish Football Federation (TFF) has suspended 149 referees and assistant referees after an investigation found hundreds of professional match officials in the country had betting accounts.

Bans ranging from eight to 12 months, based on the severity of the act, have been imposed for involvement in betting activity, with investigations into three other officials still ongoing.

The full list of the penalised officials was published on the TFF website.

Last week, it was revealed a five-year probe had found 371 of 571 match officials have betting accounts, with 152 of those actively gambling.

While some had only bet once, 42 had bet on more than 1000 football matches – with one official found to have placed 18,227 bets.

Like players and coaches, match officials are forbidden from participating in betting activities by TFF disciplinary regulations, as well as those of world governing body Fifa and European governing body Uefa.

“There is a moral crisis in Turkish football. There is no such thing as structure. The fundamental problem at the core of Turkish football is an ethical one,” TFF president Ibrahim Haciosmanoglu said.

“Ask any referee, if there is even one who has not received his pay, I will resign as federation president. In fact, we improved their salaries last year, and again this year.”

No further details of the cases or ongoing investigations were provided.

After the investigation’s findings were announced, a number of Turkey’s top clubs responded.

Besiktas said it “could mark a new beginning for clean football” while Trabzonspor called the development “an historic opportunity to rebuild justice in Turkish football”.

Fenerbahce president Sadettin Saran said: “This is both shocking and deeply saddening for Turkish football.

“But the fact that it is coming to light is a hopeful development.”

The post Turkish Football Federation Suspends 149 Referees and Assistants After Betting Probe appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

UKGC Suspends Operating Licence of VGC Leeds Limited

Published

on

ukgc-suspends-operating-licence-of-vgc-leeds-limited

Reading Time: < 1 minute

The UK Gambling Commission has suspended the operating licence of VGC Leeds Limited as it carries out a review under section 116 of the Gambling Act 2005.

The review and consequent suspension follow concerns that activities may have been carried out contrary to the Act, not in accordance with conditions of their licence and that the Licensee may be unsuitable to carry on the licensed activities.

During a recent Compliance Assessment, VGC Leeds Limited are reasonably believed to have failed to maintain and implement effective anti-money laundering policies, procedures and controls, as required under the conditions of their licence.

In addition, serious concerns were identified regarding the adequacy of decision-making processes and the Licensee’s response to identified anti-money laundering and counter-terrorist financing risks, raising questions about the overall effectiveness of its governance and risk management arrangements.

These failings are considered significant and represent a serious threat to the licensing objectives, in particular keeping crime out of gambling.

“We have made it clear to the operator that during the suspension, we expect it to focus on treating consumers fairly and keeping them fully informed of any developments which impact them,” UKGC said.

The suspension takes place immediately.

The post UKGC Suspends Operating Licence of VGC Leeds Limited appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania