Gambling

New gambling regulations approved in Germany

The German lawmaker approved the new gambling regulations that will legalize online poker and casino from 1 July 2021, as well they decided on the location of the new regulatory authority. The Glücksspielneuregulierungstaatsvertrag (GlüNeuRStv), which expands the nationally regulated igaming market beyond online betting for the first time, must now be ratified by each state parliament and submitted to the European Commission for approval before … Continue

The Netherlands Issues New Gambling Regulations

The Netherlands’ government published new regulations regarding the measures set out in the Remote Gaming Act, that aim to enable the parliament to submit comments on the proposed rules. The regulations set out how gambling operators can conduct business in the Netherlands, and what conditions must they fulfil in order to secure a licence. A five-years awarded to the operators, by the Dutch gambling regulator … Continue

Taxation of sports betting organizers in 2020

In Romania, the specific taxes for sports betting activity and the payment terms, are provided in the special regulations, the fiscal procedures, and practices that are found in the common regulations, in the form of fiscal and accounting procedures. This article will summarize the gambling activity of the traditional bets type, with all the three components: mutual bets, counterparty bets, and fixed odds bets. Specific … Continue

Irresponsible betting ad banned by ASA

The UK’s advertising standards authority (ASA) has upheld a complaint against matched betting service Profit Accumulator for suggesting that matched betting could be a solution to financial problems. The complaint concerned two posts on Profit Accumulator’s Instagram account. The first showed an image with the text “Colossal Win 2,380.50” and the caption “Absolutely amazing win from one of our members 12 minutes ago,” followed by … Continue

Sports betting bill approved by Maryland Senate

Senate Bill 4 bill that would legalize sports betting in Maryland was passed by the Senate by a landslide vote of 47-0. The Bill will now progress to the House of Representatives, with a hearing in the Ways and Means Committee scheduled for March 19. Introduced by Craig Zucker in January this year, SB 4 sets out measures for both land-based and online sports wagering … Continue

Turkey bans illegal gambling websites

The ruling AK Parti in Turkey, introduced a new package of bills including one that would allow authorities to ban foreign-based and illegal sports betting sites. Turkish authorities blocked popular websites including Wikipedia and YouTube at different times. Gambling, cryptocurrency and online gaming websites are no exception and authorities already block access to several sites, in their crackdown against illegal betting. Like several other markets, … Continue

Nigeria increases its effort to fight corruption

The NLRC and the CAC have united in a new partnership to improve standards, reduce corruption, and better regulate the lottery sector in Nigeria. The Nigerian National Lottery Regulatory Commission (NLRC) and the Corporate Affairs Commission (CAC) have joined efforts to fight “unscrupulous companies” operating in its gambling industry. Lanre Gbajabiamila, Director-General of NLRC declared that “This collaboration has been long overdue (…) Our mandate … Continue

Michigan sports betting starts March 11

Regulated Michigan sports betting is set to begin on March 11, with Detroit’s three commercial casinos expected to be authorized to launch retail wagering by the Michigan Gaming Control Board. If the Control Board meeting on March 10 should license the casinos – MGM Resorts’ MGM Grand Detroit, Penn National Gaming’s Greektown Casino, and the privately-owned MotorCity Casino, they could launch at 1 PM the … Continue

Governor Ralph Northam ready to sign Virginia sports betting bills

Two bills that would legalise the sports betting in Virginia moved forward to Governor Ralph Northam for signature, after securing approval in the state’s House of Representatives and Senate. On March 8, House Bill 896, which legalizes the online and mobile sports betting, passed the House with a vote of 59-35, after clearing those Senate on March 7 by a vote of 33-5. Also yesterday, … Continue

Maryland sports betting bill amended to pass the committee

Senate Bill 4 to legalize sports betting in Maryland has been amended and passed the first vote in the Senate Committee for Budget and Taxation. Introduced by Craig Zucker in January, was one of two Maryland senate bills to legalize sports betting. The new amendments to Zucker’s bill were proposed by committee members Guy Guzzone, Thomas Miller, Jr, Nancy King, and Cory McCray as well … Continue

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