UK Gambling Watchdog Fines iGaming Firm Greentube £685,000, Cites Anti-Money Laundering Failures

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Multiple compliance failures The UK Gambling Commission (UKGC) has ordered Novamatic subsidiary Greentube Alderney Limited to pay a £685,000 ($912,180) penalty, citing social responsibility and anti-money laundering failures.  The UK gambling watchdog took to Twitter December 2 to share news of its regulatory action against the Vienna-headquartered global iGaming service provider: An online gambling business must pay ...

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Colossus Bets Sues DraftKings Over Alleged Patent Infringements

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A long-running issue Colossus Bets has filed a lawsuit against DraftKings, accusing the sportsbook operator of patent infringement. The London-based Colossus Bets filed the lawsuit on Wednesday with the US District Court of Delaware through the DLA Piper law firm. full or partial buy-out offer made at any time prior to completion of a wagering event” DraftKings ...

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New Study Finds Soccer Friendlies Are at Greater Risk of Match-Fixing

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Worrying findings A recent study has found that soccer friendly games are at a greater risk of match-fixing than competitive matches. The report, published on Wednesday, looked at games that took place between 2016 and 2020. Over the course of the study, investigators found suspicious activity in over 250 friendlies in which European teams were ...

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Nevada Breaks $1bn Sports Betting Handle Mark for the First Time

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A record month Nevada sportsbooks had a state record monthly handle in October of $1.1bn, making it the first time that the state’s sportsbooks broke the $1bn barrier. The previous record handle in Nevada was $786.5m, which was set in September. October’s handle represents a 67% year-on-year increase and a 102% jump from October 2019 ...

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888 Holdings on Course for £2.2bn Takeover of William Hill’s UK Operations in Q1 2022

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A few other closing conditions Online gambling company 888 Holdings is moving ever closer to completing its takeover of the non-US business of William Hill in the first quarter of next year. The operator has informed shareholders that it has received all of the necessary gaming regulatory and antitrust approvals for the £2.2bn ($2.9bn) acquisition. a ...

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Aussie Racing Body Fines Entain AU$26,690 for Offering Cash Bonuses to New Bettors

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Breach of license An Australian racing regulator has fined Entain AU$26,690 ($19,074) for breaching its sport betting license by offering cash bonuses to new customers. US Financial analyst Alphonso Straffon took to Twitter November 28 to share news of the Isle of Man-based sports betting and online gaming giant’s violation: Meanwhile in the Northern Territory, Australia…."… companies ...

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