Featured Articles Archive - Page 19

Casino City’s Friday Five: Renovations, iGaming and big wins edition

Out of nearly 2,000 slot machines, a guest at a California casino decided to sit at just the right one. If only everyone had such luck. Before we get into the details on a six-figure jackpot, we also have news about DraftKings pulling its offer to acquire the U.S...read more

Top 10 new online slots for June 2023

If you are an online gambler, odds are you have a specific type of game that you prefer to play. While providers come out with new variations of table games every so often, new slot games keep getting delivered so frequently that is it hard to keep track of them all...read more

Casino City's Friday Five: Saratoga, WSOP and Wrigley Field edition

The 2023 World Series of Poker is about halfway over, but it still has plenty more to offer. On 2 July, poker legend Doyle Brunson, who passed away last month, will be honored with a special event. In addition, the WSOP Hall of Fame will add a new member to its list.Before we dive into those details, we have some other top stories of the week...read more

UKGC launches hub for operators working with third parties

UKGC launches hub for operators working with third parties. If you don’t know, now you know.That is at least what the U.K. Gambling Commission is betting on as it launched a specific hub for operators that enter business relationships with third parties, including white-label partners...read more

Newly appointed Finnish government takes stand on gambling monopoly

Newly appointed Finnish government takes stand on gambling monopoly. Talk about hitting the ground running.Today, the current Finnish Government will resign and the new one will be appointed, but it’s already made a statement in the world of gambling...read more

Top 10 Saratoga Race Course trip tips

Saratoga Race Course In just over three weeks, Saratoga Race Course will start its season and I will be in attendance for opening weekend. After going a few times during the last couple of years, I found multiple ways to make the trip one to remember, including learning things to avoid...read more

Sweden aims to strengthen consumer protection

Spelinspektionen looking into fine scale for MLA violations. An offense is an offense in the eyes of the Swedish Gaming Authority, and in some cases, certain offenses are just as bad, if not worse, than others.Today, lawmakers in Sweden released a memorandum with the hopes of increasing the fine for Money Laundering Act violations to equal the same maximum amounts as Gambling Act violations...read more

Casino City’s Friday Five: DraftKings pushes all in edition

In the last week, we saw three states in the U.S. push bills forward to begin the process of setting up their respective online betting markets. While Vermont and North Carolina signed bills into law and aim for early 2024 to launch sports betting, Rhode Island has an iGaming bill that awaits a signature...read more

DraftKings ups the ante in bid for PointsBet

DraftKings ups the ante in bid for PointsBet. As if it was sitting at a gaming table in Las Vegas, this morning DraftKings in a sense said ‘I raise. I’m all-in’ as it submitted a $195 million offer for the U.S. assets of PointsBet.The all-cash offer not only shows the Massachusetts-based company’s desire to increase its stake in the sports-betting industry, but it also, in the interim at least, slows down Fanatics’ previous $150 million offer that it made last month.“While we continue to focus on operating more efficiently and driving substantial organic revenue growth in the United States, we will also look to prudently capitalize on compelling opportunities at attractive valuations, as is the case with PointsBet USA's business,” said Jason Robbins, DraftKings’ CEO, in a statement...read more

Videoslots accepts £2 million regulatory settlement

Less than three months after its last fine, Videoslots, again, finds itself in hot water.Today, the U.K. Gambling Commission announced that the operator, which runs videoslots.com, videoslots.co.uk and mrvegas.com, will pay £2 million for social responsibility and anti-money laundering failures following an investigation by the Commission.The social responsibility failures found during the investigation are as follows: Did not ensure that customers displaying risk behaviors were identified as potentially experiencing harm because responsible gambling reviews were not undertaken as early, or as well, as they should have been Failed to identify whether a customer was at risk of experiencing harm by not considering whether the amount being deposited or lost was appropriate Allowed customers showing indicators of harm to continue to gamble significant amounts after interactions despite their behavior continuing The anti-money laundering failures found during the investigation are as follows: Did not implement its own risk-based processes appropriately due to significant delays in conducting the required action, such as an AML review or request for source of funds following a trigger in its processes Did not fulfill elements of customer due diligence as early as intended in accordance with its own risk-based approach. Did not have sufficient AML analysts to process the volumes of data or undertake the AML account reviews in accordance with its procedures A regulatory settlement penalty package of £2,000,000 has been agreed, which consists of the following elements: A payment in lieu of a financial penalty of £1,505,158.02 which will be directed towards socially responsible causes Divestment of £494,841.98 Agreement to the publication of a statement of facts by the Commission Payment of £11,308.00 towards our investigative costs This all comes on the heels of Videoslots’ record €9,874,000 fine in March by the Dutch Gaming Commission for violating the Dutch Gaming Act...read more