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Compliance Updates

Gaming Commission Approves Sports Betting in New York

Niji Narayan

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Gaming Commission Approves Sports Betting in New York
Photo Source: post-gazette.com
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The New York State Gaming Commission has unanimously approved in-person sports betting at four upstate casinos. The formal approval makes New York the 14th state to legalise betting. The four upstate casinos are Resorts World, Rivers Casino, Tioga Downs and Del Lago.

Sports leagues, which have been lobbying to get states to pass their sports betting bills to include an integrity fee that goes back to them, failed once again with New York. The bill also doesn’t require that operators use official data, which closes the league out of another revenue stream. This falls in the line of most states, though Illinois requires official data to be used for in-play wagering operations.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Compliance Updates

UKGC Imposes £322,000 Fine on Betfred for Money Laundering Failures

Niji Narayan

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UKGC Imposes £322,000 Fine on Betfred for Money Laundering Failures
Photo Source: wikipedia.org
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The UK Gambling Commission (UKGC) has imposed a fine of £322,000 on online gambling operator Petfre, trading as Betfred, for money laundering failures.

An investigation by the Gambling Commission revealed that the operator failed to carry out adequate source of funds checks on a customer who deposited £210,000, and lost £140,000, of stolen money in a 12-day period in November 2017. A customer being able to deposit and lose such significant amounts in such a short period of time clearly indicated failings in the effectiveness of Petfre’s anti-money laundering policies and procedures.

As part of this settlement, Petfre will return £140,000 to the identified victim and make a £182,000 payment in lieu of a financial penalty which will be spent accelerating delivery of the National Strategy to Reduce Gambling Harms.

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Compliance Updates

LeoVegas Wins Swedish Online Gambling License Extension

Niji Narayan

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LeoVegas Wins Swedish Online Gambling License Extension
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LeoVegas has won the court battle against the Swedish regulator’s decision to issue a two-year gaming license rather than the standard five-year term.

In November 2018, LeoVegas was among the first online gambling operators to be issued a license to operate in Sweden’s new regulated market, which took effect in January. But while the majority of Sweden’s licensees got five-year permits, LeoVegas was approved for only a two-year period.

Sweden’s Spelinspektionen gambling regulatory body said the shorter term was warranted due to LeoVegas having been fined £600k by the UK Gambling Commission in May 2018 for what the UKGC deemed to be misleading advertising and for allowing self-excluded gamblers to access LeoVegas’ gambling products.

LeoVegas appealed Spelinspektionen’s ruling to the Administrative Court in Linköping and the Court issued a judgment last week granting LeoVegas the full five-year license term.

The Court also found the UKGC judgment alone “does not constitute a sufficient basis” for Spelinspektionen to deviate from its standard five-year licensing period and the punishment of a shorter license duration was neither “justified [n]or proportionate.”

Gustaf Hagman, the CEO of LeoVegas said the decision was “confirmation that we are conducting a professional business.” Hagman said the extended license “gives us peace of mind in the Swedish market, where we take market share month by month.”

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Compliance Updates

ASA Bans Casumo Ad for Targeting Problem Gamblers

Niji Narayan

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ASA Bans Casumo Ad for Targeting Problem Gamblers
Image Source: theopengamingsociety.org
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The ASA has banned an ad of the online casino Casumo after it targeted the customers who googled “How to unsubscribe from all gambling.”

The ASA said it considered anyone searching “how to unsubscribe from all gambling” was looking for ways to reduce their access to gambling.

“We considered such consumers would be likely to include vulnerable persons looking to restrict their exposure to gambling outlets and ads for gambling. The advertising code required that marketing communications for gambling should have particular regard to the need to protect vulnerable persons from being harmed or exploited,” ASA said.

The ASA told Casumo that the ad cannot appear again and that it needed to ensure future Google ads are responsibly targeted.

“We require all advertisers to comply with local laws and regulations, including the CAP Code. We adhere to the ASA’s rulings and we continue to review our systems to ensure that they remain relevant and useful,” a spokesman for Google said.

“Casumo engaged fully with the Advertising Standards Agency throughout this process. Our position can clearly be seen in the response to the ASA in the publication and as stated in that publication we reviewed and adapted processes around this to ensure that we examine words that are or should be excluded from such searches going forwards,” a spokesman for Casumo said.

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