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Melco-Hard Rock tandem wins Cyprus casino race

The Melco-Hard Rock Resorts Cyprus consortium has been granted the rights to create the first casino gaming venue in the Republic of Cyprus. “The consortium has been invited by the coordinating committee to submit an application for licensing, under which the due diligence check will be carried out as provided by the documents of the […]

Online gambling sites in Philippines face new AML requirements

New anti-money laundering (AML) legislation in Philippines will now include online gambling sites licensed in the country. A bill mandating casinos to report all the suspicious transactions to AML Council has been proposed in the House of Representatives. Earlier this year Rep. Feliciano Belmonte Jr. proposed a plan to introduce a new legislation (HB 14) […]

Germany is creating a new law for its gaming sector

According to the Euractiv’s reports, by next year many casinos and gaming halls in Germany will risk losing their licenses. Germany’s gambling law has been in transitional period since 2012. German regulators are now set to implement stricter gambling rules and have the new law implemented in January 2017. Since the European Court of Justice […]

Italy seeks to ban Zcash and other anonymous digital currencies

The new cryptocurrency Zcash is officially launched. In Italy this new currency, which promises a strong focus on anonymity, is greeted with a plan to ban fully anonymous digital currencies. Zcash was not even released to the public when it already started causing controversy in the country. As a result, the lawmakers of Italy decided […]

UKGC proposes changes to remote gambling and software technical standards

The UK Gambling Commission (UKGC) proposed changes to its Remote Gambling and Software Technical Standards (RTS). The UKGC claims in its statement that the consultation “seeks to ensure consumers are provided with sufficient information to gamble responsibly whilst delivering an effective and proportionate regulatory framework”. One of the proposed new requirements is to allow customers […]

South Korea announces expansion of digital currency industry

The government of South Korea announced that it will offer $2.65 billion in financial support over the next three years to develop the FinTech sector in the country. It is expected that this move will also expand the system of digital currency like bitcoin. The government is planning to establish pilot projects by the end […]

CMA to investigate online gambling in UK

The Competition and Markets Authority (CMA) has launched an investigation into whether online gambling sites are treating their customers fairly. This has been done following the concerns raised by the UK Gambling Commission (UKGC). The UK’s competition watchdog CMA announced in its statement that together with UKGC they are sharing concerns related to “potential breaches […]

Russia is changing attitude towards blockchain

Russia is launching a pilot program based on blockchain technology. The Russian government has teamed up with the country’s largest bank by assets, Sberbank, and the Federal Antimonopoly Service (FAS) for a project “Digital Ecosystem for Exchanging Documents”. They are designing an “electronic interaction model” using blockchain for storing and exchanging sensitive documents. “The goal […]

UKGC introduces changes to prevent gambling related crime

The UK Gambling Commission (UKGC) is introducing a number of changes to its licence conditions and codes of practice (LCCP) in order to prevent gambling related crime. The changes that will come into effect on October 31 will include the requirement for all licensees to report criminal investigations they are involved in. UKGC will also […]

Youtubers plead not guilty to advertising and gambling offences

Youtube stars Craig Douglas and Dylan Rigby have pleaded not guilty to the charges of promoting a lottery and advertising unlawful gambling at a court in the UK, says BBC News report. This is the first time for British Authorities to charge people for their involvement in video game betting. The pair charged with offences […]