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Chile Gambling Regulator Authorises Casino Shutdown over Civil Unrest

Niji Narayan

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Chile Gambling Regulator Authorises Casino Shutdown over Civil Unrest
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The civil unrest in Chile has prompted the country’s gambling regulator to shut down its casinos in order to protect both workers and patrons.

Since the protests began, more than 20 people have been killed and over 2500 injured. Police have arrested 2840 for participating in riots and the situation is still tenuous at best. Subway stations have been seized, the transportation system has been disabled, with 81 different stations either vandalised, set on fire or both.

Chile has a robust gambling scene which consists of seven city-owned venues and 18 new-ish private casinos. Most that fall into the latter category are owned by two companies, Enjoy and Sun Dreams, and all now have to respond to the order of the country’s gambling regulator to suspend activities.

The majority of the protests and riots have been taking place in Santiago, Concepción, San Antonio and Valparaíso. Not all of the locations have seen the level of violence witnessed in Santiago, however, and most of the country’s casinos are located in areas that have remained relatively calm.

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Melco Resorts Issues Response to Money Laundering Warning

Niji Narayan

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Melco Resorts Issues Response to Money Laundering Warning
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Melco Resorts & Entertainment, a developer, owner, and operator of casino gaming and entertainment casino resorts in Cyprus, has issued a response to money laundering warnings from Moneyval, the European Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism.

The warning had alleged that Cyprus could become a money-laundering destination after a visit from its representatives to a Melco owned venue in Cyprus.

The venue, namely Cyprus Casinos, also known as C2, is a gaming and entertainment brand and subsidiary of Melco Resorts & Entertainment.

Melco Resorts & Entertainment responded that it welcomed “a strong and compliant regulatory framework” and was operating with regulation authorities in the Eastern Mediterranean country “to implement all AML regulations” and was “dedicated to industry-leading and best practice AML/CTF procedures in all our operations”.

The brand owns and operates a number of casinos, all with the same name, and a report emerged from Moneyval following a visit to C2’s Limassol establishment.

The committee, which is an ‘independent monitoring mechanism within the Council of Europe, answerable directly to the Committee of Ministers’, said that the systems for preventing money laundering showed ‘weaknesses’ and stated that the establishment was:

“Currently operating at or beyond the limits of its AML/CTF compliance and risk management system.”

It also stated that the employees within the casino:

“Appear to not fully appreciate the quantitative magnitude of those risks when attached to operations of the casino’s current size – much less its anticipated future size.”

Reportedly, Moneyval suggested that in light of the findings, Casinos Cyprus should be blocked from expanding its gambling activities until it can demonstrate such effectiveness.

 

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Latest News

Betsoft Gaming Launched New Video Slot Called Total Overdrive

Niji Narayan

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Betsoft Gaming Launched New Video Slot Called Total Overdrive
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Betsoft Gaming, the Malta-based award-winning betting and gambling content developer, has launched a 3 reel, five payline video slot called Total Overdrive. It represents a modern spin on a retro slot features neon graphics for the traditional 7s, cherries and diamonds against a Metropolis inspired background, all backed with a cool electro-pop soundtrack to create an instant new classic.

This is Betsoft’s third release of the year to date.

Annamaria Anastasi, Marketing Director, Betsoft Gaming, said; ‘Total Overdrive is an innovative approach to a traditional slot. It appeals to classic slot fans who want that extra excitement in their games in addition to the high cinematic quality that we are renowned for.’

The Wild symbol replaces all other symbols and 3 Wilds give you a 50x win. Big wins in Total Overdrive come with the Overdrive Multiplier: every winning spin increases the multiplier, with consecutive wins ensuring bigger payouts.

The Overdrive multiplier can become sticky, staying in place even without consecutive wins. This multiplier can also re-trigger, pushing potential wins up to 1450x the max bet into Total Overdrive.

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Norway’s Lotteritilsynet Initiates New Responsible Gambling Campaign

Niji Narayan

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Norway’s Lotteritilsynet Initiates New Responsible Gambling Campaign
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Lotteri-og stiftelsestilsynet (Lotteritilsynet), Norwey’s lottery regulator, has launched a new responsible gambling campaign. The campaign will highlight the risks of problem gambling and encourage players to only gamble with licensed operators.

“If you add everyone around the player who is also affected by the gambling addiction, there are a lot of people; we want to show how brutal and painful gambling addiction is, but also how people can get the best help,” Lotteri-og stiftelsestilsynet director Gunn Merete Paulsen said.

The campaign is based on a study which revealed some 34,000 people in Norway suffer from gambling problems, while a further 88,000 are at risk of developing similar issues.

Lotteritilsynet will highlight in the campaign how problem gambling can have serious mental and financial consequences, which can in turn then affect a player’s spouse, partner, children, other relatives and friends.

The campaign will also look to reinforce the message that players should only gamble via an approved operator. Norwegian gaming monopoly Norsk Tipping is currently the only operator permitted to offer gambling online in the country.

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