Troubled sports betting operator Addison Global’s brand MoPlay, which had its licence suspended by regulators in both Gibraltar and Great Britain last week, has stopped paying out customer withdrawals and announced the business is insolvent.
Global Gaming has seen revenue slashed and the business incur losses after a tumultuous 2019 that saw the operator lose its Swedish licence, but chief executive Tobias Fagerlund believes the business can turn things around in the long term.
The final six months of the decade saw talk of regulatory crackdowns continue, with pressure growing on operators across a number of markets and verticals. Elsewhere M&A activity rose to the fore, with a number of high-profile acquisitions announced during the period
The New South Wales (NSW) Independent Liquor and Gaming Authority has convicted Ladbrokes Australia and Neds of illegal gambling marketing activities in the Australian state, issuing the two operators with a record fine of AUD$207,500, the highest ever levied in the state.
The Philippine Amusement and Gaming Corporation (PAGCOR) has reported an 11.7% year-on-year increase in gaming revenue for 2019, resulting in its total tax and corporate social responsibility contribution for the year rising above PHP56bn for the year.
The stated aim to the Danish government in raising online gambling taxes is to level the playing field with land-based gambling taxes and raise extra tax revenue. However the move is also likely to cause a fall-off in gambling advertising as smaller and medium-term operators exit the market, according to market participants and commentators, writes Scott Longley.
Problem gambling funding body GambleAware has revealed that GVC Holdings pledged to donate the most money in the nine months to 31 December 2019, despite not adding to the amount it committed to in the first half of the year.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Great Britain Gambling Commission have signed a Memorandum of Understanding (MoU) to allow both agencies to share regulatory and compliance information.
Regulated bookmakers in Poland generated combined turnover of PLN6.7bn (£1.36bn/€1.58bn/$1.76bn) in 2019, a 28.8% year-on-year increase but less than the unlicensed market, according to figures from legal association Graj Legalnie.
Sweden’s gambling regulator, Spelinspektionen, has asked the Ministry of Finance to increase the maximum penalty that may be imposed upon a gambling operator in violation of the country’s Money Laundering Act from €1m (£847,686/$1.1m) to 10% of th
Australian online gambling operator Betchoice, trading as Unibet in the country, has been ordered to pay Aus$25,000 (£13,052/€15,372/US$17,115) in fines and costs for illegally offering gambling inducements to consumers in New South Wales.
Norway’s gambling regulator Lotteritilsynet has revealed that it will have greater power to block transactions to and from unlicensed operators in the country as a result of amendments to laws on payments.
Payments and Know Your Customer (KYC) solutions provider iSignThis has launched legal action against the Australian Securities Exchange (ASX) over the decision to suspend, then fail to reinstate, trading of its shares.
Danish gambling regulator Spillemyndigheden has ordered 888 to improve its anti-money laundering processes after ruling that the online gaming operator’s licensed subsidiary in the country fell short of requirements set out in the national Money Laundering Act.
A bill to impose a new 5% tax on the annual gross income of Philippines Offshore Gaming Operators (POGOs) has moved a step towards passing into law, after it was passed by the House Ways and Means Committee.