News with news tags: Regulation

Do You Have to Pay Taxes on Slot Machine Winnings?

It’s easy to get carried away once you hear the winning music and see the flashing bright lights upon hitting the jackpot on a slot machine. The usual thought process of a soon-to-be millionaire does not involve potential taxes and fees that the win carries. However, there are many factors to take into consideration whenRead More...

Just in: NetEnt Suspends Street Fighter II

NetEnt, a leading iGaming software provider from Sweden, pulled the recently released Street Fighter II: The World Warrior only one week after its launch. The software developer decided to suspend the game after ‘internal concerns’ were raised regarding gamblers’ staking behaviour. We wrote about the launch a couple of months ago, read more here. BasedRead More...

Australia Renews Fight Against Illegal Gambling

Australia Renews Fight Against Illegal Gambling In a move that’s expected to dominate the conversations on the Australian iGaming industry, authorities have announced a new round of policy actions that will tighten the noose for illegal gambling operators. In an article published by the Brisbane Times, it was reported that the government has started a renewed crackdown on Australian-facing online casinosRead More...

Online Staking Limits Not Yet an Option

Online Staking Limits Not Yet an Option To protect the players from harmful gambling, it has been suggested that casino operators should implement ‘online staking limits’. This has been done before in fixed-odds betting terminals (FOBT) and one gaming executive even suggesting in 2017 that this change is ‘inevitable’. Now the talk about this policy entering the online casino realm has beenRead More...

What’s New at Casumo Casino?

What’s New at Casumo Casino? Casumo Casino was under a lot of heat due to the recent fine by the UK Gambling Commission. Oscar Simonsson, CEO of Casumo, has made a comment on it saying that the company is doing well and that they are making sure to take wiser steps in the future. He has also stated that theyRead More...

Swedish Gambling Authority Awards Its First Licenses

Swedish Gambling Authority Awards Its First Licenses The Swedish Gambling Authority (SGA) has joined the ranks of top licensing bodies like the Malta Gaming Authority (MGA) and the UK Gambling Commission in regulating their respective markets through the issuance of approved licenses. And during the last week of November 2018, the newly-minted licensing body has announced the first few licenses that itRead More...

NetEnt & ATG Partnership

NetEnt & ATG Partnership Just as we mentioned how NetEnt is trying to get licenced and break into the US market and how they successfully appeared on Canadian and Lithuanian markets a few weeks ago, we hear the news that they have partnered with their Swedish colleagues, ATG. NetEnt is not only the biggest online gambling company in SwedenRead More...

UKGC and CMA Actions

UKGC and CMA Actions It is unfortunate that online gambling companies still manage to find loopholes in laws that are supposed to protect customers. However, licencing agencies and commissions such as the UK Gambling Commission and the Competition and Markets Authority are pretty active and are working intensively on improving the quality of the B2C formats. We can’t stressRead More...