Featured Articles Archive - Page 32

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

Top 10 things to do in Las Vegas during the WSOP

During the prestigious World Series of Poker, which began last week and runs through late July, Las Vegas comes alive with anticipation and excitement. As an ardent player, you will be poised to immerse yourself in an unparalleled experience...read more

Casino City’s Friday Five: Construction, closings and WSOP edition

Game 4 of the NBA Finals is tonight and the Miami Heat need to avoid dropping into a 3-1 series hole against the Denver Nuggets. While that is the lead talk in the sports betting world, in the gambling industry, the World Series of Poker is two weeks in and we have already seen some massive wins with plenty more to come...read more

Top 10 casino openings and expansions for June 2023

Here in the U.S., the official start of summer is just 16 days away, and with it comes a wave of casino openings and expansions from California to New Hampshire, and many in between. From new casino ribbon cuttings to new dining, and entertainment options to expanded gaming space, there's something for everyone at these new and improved gaming properties.Here, we take a look at 10 openings and expansions since our last edition in the beginning of April.10...read more

Casino City’s Friday Five: Gaming world temperature is rising edition

While the calendar might not say it’s summer yet, the gaming industry’s largest, richest, and most prestigious event in the world says differently as the 54th annual World Series of Poker is officially underway on the Las Vegas Strip. Before we get to that news, Fairspin Casino launched its summer equilibrium tournament...read more

Top 10 poker players to follow at the 2023 WSOP

Stephen Chidwick (photo by Flickr)The competition in the World Series of Poker is fierce, and only the best of the best have what it takes to come out on top. In this article, we'll look at 10 players who have established themselves as top contenders to make some noise at this year's event, which begins on Tuesday at Paris Las Vegas and Horseshoe Las Vegas on the Strip and runs through 18 July.From seasoned veterans with multiple bracelets to up-and-coming stars making a name for themselves, these players are worth following if you want to stay on top of the action in the world's most prestigious poker series.10...read more

Casino City’s Friday Five: NFL contests, anniversaries and expansions edition

Last month, we saw dreams get made as over 200 athletes heard their name called during the NFL Draft. With a few months until the start of the season, NFL bettors can look forward to an even bigger reward from the Circa Sports contests. Before we dive into those details, let’s take a look at some other top stories...read more

Judge rules taking bets from black markets is no big deal

An online sportsbook can report taking millions of dollars in bets from gray and black markets, as long as the numbers they report are accurate. This is the startling decision of New York federal district court judge Paul A. Engelmayer: “disclosing the fact of operations in Asia ‘did nothing more than’ accurately ‘characterize statistical facts.’”I have taught International Gaming Law as a Visiting Professor at the University of Macau almost every summer since 2007, and often act as a consultant and expert witness for governments and industry...read more

Top 10 things to expect from the 2023 WSOP

The World Series of Poker, which begins on the Las Vegas Strip on 30 May and runs through 18 July, is the most prestigious poker event in the world, attracting thousands of players from all over the globe. As the poker community eagerly awaits the moment when the cards finally go in the air, expectations are high for what this year’s series of events will bring.Everyone is anticipating that this year’s WSOP will attract a record number of participants, so we decided to delve into the top 10 things to expect from the WSOP in 2023.10...read more

Casino City’s Friday Five: US gaming records, jackpots and acquisitions edition

We are two months into the baseball season, but the biggest MLB news is about the future and the Oakland Athletics move to Las Vegas. In addition to the new ballpark hitting Sin City, we have two jackpot winners, Caesars teaming up with two major horse tracks, U.S...read more