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Companies exempted from online gambling ban

Online gambling will become legal in Singapore under tightly controlled conditions. The Ministry of Home Affairs (MHA) approved applications of two operators: Singapore Pools and Singapore Turf Club. MHA announced in their statement that the two companies were found suitable to be exempted from the Remote Gambling Act (RGA), which came into force in February […]

NagaCorp drops out of Cyprus Casino bid

The tandem of Melco International Development Limited of Macau, Hard Rock of Las Vegas and Phassouri of Cyprus seems to be the one to win the Cyprus casino license after Cambodia’s NagaCorp pulled out of the race. According to a filing on the Hong Kong Stock Exchange, NagaCorp stated that it would not proceed to […]

IBM partners with BTMU to test blockchain

International Business Machines Corporation (IBM) announced its partnership with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to examine the design, management and execution of contracts using blockchain technologies. The pilot project will begin by automating corporate transactions between the two institutions. This is one of the first projects built on the Hyperledger Project fabric, which is […]

Netherlands to ban binary options advertising

The Dutch Authority for Financial Markets is committed to ban advertising of binary options trading and contracts for difference (CFDs) in the country. The Autoriteit Financiële Markten (AFM) has published a statement claiming that the said ban would help protect against activities that encourage “harmful investment” for some consumers. The change will affect both Dutch […]

MGA issues first video bingo licence

Spanish video bingo provider Zitro Interactive has passed the requirements of Malta Gaming Authority (MGA) and obtained a Class 4 gaming licence for its video bingo games. By doing that Zitro Interactive became the first company to acquire such licence for this category of games. The licence will enable Zitro Interactive to target a wide […]

Bitcoin Suisse founder: European banks will soon start to offer Bitcoin accounts

Bitcoin Suisse founder Niklas Nikolajsen said it is only a matter of time before European banks will be offering bitcoin accounts. Although digital currencies are faster and cheaper than traditional banking methods, the possibility that the banks will offer bitcoin wallets soon was thought to be unrealistic. In an interview with finews.ch at the Fintech […]

UKGC charges YouTube stars for promoting gambling

The UK Gambling Commission (UKGC) has launched the first-of-its-kind legal action in the country. On Friday, the BBC reported that YouTube stars Craig Douglas and Dylan Rigby have been charged with offences under the UK Gambling Act. UKGC alleges that the pair of Essex residents promoted a lottery and advertised unlawful gambling. Craig Douglas, known […]

Legal online betting could be available in Singapore by next month

Singapore gamblers may be able to place their bets online legally as early as the second half of next month. The change against illicit gambling on unauthorised websites will take place if the application by Singapore-based lottery operators Singapore Pools and Singapore Turf Club (STC) get the green light from the Ministry of Home Affairs. […]