Compliance Updates
SharpLink Gaming Regains Full Compliance with Nasdaq Continued Listing Standards
SharpLink Gaming Ltd. (Nasdaq: SBET) (“SharpLink” or the “Company”) today announced that it received formal notification from the Nasdaq Stock Market (“Nasdaq”) that its deficiency under Listing rule 5550(b) has been cured, and that the Company is back in compliance with all applicable continued listing standards. As a result, the hearing before the Nasdaq Listing Qualifications Panel, originally scheduled for February 20, 2024, has been cancelled; and SharpLink’s ordinary shares will continue to be listed and traded on Nasdaq.
CT Interactive, a leading provider of innovative online gaming content, has entered into a strategic partnership with VIXIO, a globally trusted provider of regulatory intelligence and compliance solutions for the gaming industry.
“We are excited to join forces with VIXIO, a partner known for their unmatched expertise in regulatory compliance. This partnership will empower our teams with the intelligence needed to stay ahead of regulatory changes, support our entry into new jurisdictions, and ensure we continue to deliver reliable, compliant solutions to our partners and players worldwide,” said Dimitar Gelev, Compliance Manager at CT Interactive.
“VIXIO is delighted to partner with CT Interactive. Our mission is to provide our clients with the regulatory clarity they need to grow confidently, and we look forward to supporting CT Interactive as they expand their global footprint,” said Mike Woolfrey, CEO of Vixio.
This partnership represents a powerful synergy between technological innovation and regulatory intelligence, strengthening CT Interactive’s position as a trusted and forward-thinking leader in the iGaming industry.
The post CT Interactive Enters into Strategic Partnership with VIXIO appeared first on European Gaming Industry News.
Compliance Updates
Vlad-Cristian Soare Appointed as the New President of Romania’s Gambling Authority (ONJN)
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.
The post Vlad-Cristian Soare Appointed as the New President of Romania’s Gambling Authority (ONJN) appeared first on European Gaming Industry News.
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
NinBet Casino
Cherry Jackpot Casino
PitBet
SlotsNBets
Bookmaker.eu
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.
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.
The post MGCB Targets 11 Illegal Online Casinos Operating Without Licenses appeared first on Gaming and Gambling Industry in the Americas.
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