Connect with us

Compliance Updates

Brazil Regulates Sports Betting, Taxes Companies Amid Scandal

Published

on

brazil-regulates-sports-betting,-taxes-companies-amid-scandal

 

The Brazilian government has issued a provisional decree on Tuesday to authorize sports betting and tax companies’ revenues by 18%. The move comes amid a sprawling investigation that ensnared dozens of players in a match-fixing scandal.

President Luiz Inacio Lula da Silva’s decree was sent to congress, which needs to vote on it on the next 120 days so it remains valid. Brazil’s finance ministry expects to collect at least 2 billion Brazilian reals ($420 million) in tax from betting companies next year if the provisional measure is confirmed.

Brazilian bettors will not pay tax if they make gains amounting to almost $445 on each bet. Any gains above that will make betters pay 30% income tax.

The decree comes less than one year after an investigation by the attorney’s office in Goias showed that some players had been offered between $10,000 and $20,000 to perform specific actions, like receiving yellow cards and giving away penalty kicks. Alleged criminals would then profit on betting sites.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Marcos Sabiá, the CEO of the galera.bet betting company, a sponsor of the Brazilian championship, said in a statement he approves the move.

“This decree is welcome because it brings us some regulation and legal protection. It establishes the limits to the operation of betting companies, rights and assurances for betters, the prohibition for companies that do not have a license, and the means for cooperation between authorities and betting companies so we fight match-fixing,” Sabiá said.

The investigation has spread to Brazil’s congress and federal police this year, including about 20 matches of the country’s top flight and second divisions, plus some of local state leagues.

Compliance Updates

Vlad-Cristian Soare Appointed as the New President of Romania’s Gambling Authority (ONJN)

Published

on

vlad-cristian-soare-appointed-as-the-new-president-of-romania’s-gambling-authority-(onjn)
Reading Time: < 1 minute

 

Mr. Vlad-Cristian Soare has been appointed as the new President of the National Office for Gambling (ONJN), replacing Mr. Gheorghe Gabriel Gheorghe, who stepped down from the position at his own request.

A lawyer by profession, Mr. Vlad-Cristian Soare has significant experience in the gambling sector, having served as the General Director of the Romanian National Lottery from 2021 to 2022. He has also held the position of President of FEDBET – the Federation of Gambling Organizers – since November 2022. In addition, Mr. Soare is a university lecturer at the University of Bucharest.

Given his extensive background in the gambling industry, it is expected that Mr. Soare will make impactful and beneficial decisions in his new role as President of ONJN.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post Vlad-Cristian Soare Appointed as the New President of Romania’s Gambling Authority (ONJN) appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

MGCB Targets 11 Illegal Online Casinos Operating Without Licenses

Published

on

mgcb-targets-11-illegal-online-casinos-operating-without-licenses

 

The Michigan Gaming Control Board (MGCB) has issued cease-and-desist orders to 11 illegal online gambling operators found to be targeting Michigan residents without proper state authorization. These unlicensed casinos—some based offshore, others operating from undisclosed or domestic locations—pose serious risks to consumers by skirting Michigan’s regulated gaming laws.

The casinos named in the enforcement action include the following:

Club Player Casino

7 Bets Casino

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

NinBet Casino

Cherry Jackpot Casino

PitBet

SlotsNBets

Bookmaker.eu

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Wild Vegas Casino

VIP Slots Casino

Prism Casino

ABC Islands Casino

“These sites are operating illegally and without proper oversight, putting Michigan players at risk. We’re committed to shutting down unlicensed gambling operations and protecting the public from deceptive practices, unfair play, and financial harm,” said Henry Williams, Executive Director of the Michigan Gaming Control Board.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The named operators have been found to accept wagers from Michigan residents via a range of payment methods—including credit cards, digital wallets, and cryptocurrencies. Players may be subjected to questionable practices, such as the withholding of winnings, unrealistic wagering requirements, and denial of withdrawals.

In addition to financial concerns, these illegal operators are not required to follow the same rigorous data protection standards that are mandated in Michigan’s regulated market. As a result, players’ personal and financial information may be highly vulnerable when shared with these unlicensed platforms, increasing the risk of data breaches, identity theft, and other cybercrimes.

The MGCB has formally notified all 11 operators to immediately stop offering gambling services to Michigan residents. They have been given 14 days to comply. Continued violations may result in further enforcement, including collaboration with the Michigan Attorney General’s Office to pursue legal action.

“This should serve as a strong warning to illegal operators: Michigan does not tolerate unauthorized gambling activity. We will continue our relentless pursuit of actively identifying and disrupting these operations,” Williams said.

“We want every patron in Michigan to have access to a fair and secure gambling experience. By eliminating illegal operators, we’re helping ensure the public can enjoy gaming without fear of fraud or abuse,” Williams added.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post MGCB Targets 11 Illegal Online Casinos Operating Without Licenses appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Anastasia Rimskaya

Aviatrix receives certifications in Brazil

Published

on

aviatrix-receives-certifications-in-brazil

The award-winning crash game Aviatrix has received certification for Brazil’s online gaming market, ensuring full compliance in the market.

Aviatrix has been granted full Federal Certification to offer its games via licensed operators in the country. Meanwhile, Aviatrix has also acquired a dedicated certification for the state of Paraná.

This means Brazilian players can now enjoy the most innovative crash game on the market –  one that has already gained a loyal following across Latin America.

Anastasia Rimskaya, Chief Account Officer at Aviatrix, said: “This is a huge milestone for Aviatrix. Brazil is one of the most exciting, newly-regulated markets in the world. There is massive demand for high-quality content, and that’s why we know Aviatrix is going to thrive. We’re looking forward to bringing the game to the country via some world-class partners. Get ready for takeoff.”

Aviatrix has been rapidly expanding in Latin America over recent months, including in Peru and Colombia.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The company was also named ‘Rising Star in Casino’ at last year’s SBC Awards Latinoamérica.

The post Aviatrix receives certifications in Brazil appeared first on Gaming and Gambling Industry in the Americas.

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