News with news tags: Regulation
The thrill of hearing winning sounds and seeing bright flashing lights can make one forget about taxes and fees that come with that big slot machine win. However, taxation is a crucial factor to consider when winning big on slots. Therefore, regular slot machine players may have wondered about taxes imposed on their winnings. ThisRead More...
NetEnt, a prominent iGaming software provider from Sweden, has suspended the recently released Street Fighter II: The World Warrior, only one week after its launch due to "internal concerns" regarding gamblers' staking behavior. The slot game, based on the well-known 90s arcade games, was available for distribution among NetEnt's partners but was suspended due toRead More...
Australian authorities have launched a new set of measures to tighten regulations against illegal gambling operators targeting the country. The Australian Communications and Media Authority (ACMA) is leading the crackdown against unauthorised online casinos and gambling platforms aimed at Australian customers. The ACMA will work alongside internet service providers to block such sites. The moveRead More...
To prevent harmful gambling, some have suggested that casino operators should impose ‘online staking limits’ similar to those implemented in fixed-odds betting terminals (FOBT). In fact, a few gaming executives have gone as far as stating that this policy is ‘inevitable’. However, the proposal of introducing such a policy in online casinos appears to haveRead More...
Casumo Casino recently faced a fine from the UK Gambling Commission, causing concern among its users. CEO Oscar Simonsson has reassured the public that the company is doing fine and is working to take appropriate measures in the future. He further declared that the penalty will serve as a lesson for the company and isRead More...
The Swedish Gambling Authority (SGA) has granted its first approved licenses, following in the footsteps of other major regulatory bodies such as the Malta Gaming Authority and the UK Gambling Commission. Well-known online casinos that received licenses to operate in the Swedish market include Betsson, Casumo, Bet365, and LeoVegas. 2019 has been an eventful yearRead More...
NetEnt has announced that it has partnered with Swedish firm ATG in order to offer its games to horse racing site ATG from New Year's Day. This new development is a precursor to the forthcoming regulatory changes for gambling in Sweden. The change in regulation will mean that new sections will appear within the lawRead More...
Despite the laws that are meant to protect gamblers from unfair treatment, online gambling companies have found ways to disregard them. However, the UK Gambling Commission and the Competition and Markets Authority are actively working on enhancing the quality of the B2C formats, ensuring that reliable authorities regulate online casinos. Pursuing this direction, the commissionsRead More...
Sweden is known for having a thriving online gaming industry, with some of the top global gaming brands originating from the country. However, until recently, the country was considered a "grey market" with weak regulations and little enforcement against offshore operators targeting Swedish players. Now, the Swedish Parliament has passed new regulations unanimously, aiming toRead More...
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