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 […]

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 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 […]

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 […]

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 […]

The Philippine Amusement and Gaming Corporation (PAGCOR) received 76 applications for the new ‘offshore’ online gaming licenses. PAGCOR expects to award the first 25 online licenses before the end of October. The licenses will be valid for one year and PAGCOR says it might be changing the rules and regulations prior expiry date of the […]

Tech giant Apple has removed dozens of applications for online casinos and betting from the App Store following the request from the Dutch Gaming Authority Kansspelautoriteit (KSA). Even though some online gambling operators were already banned from offering their services in Holland, their apps were still available in the App Store. Due to the recent […]

Allowing two local lottery operators to offer online betting provides a regulated and safe alternative for gamblers, said Minister for Social and Family Development Tan Chuan-Jin. His comments came as a response to the criticism that the decision to regulate online betting is in conflict with Singapore‘s Remote Gambling Act (RGA). As of 1st of […]

UK government is said to be considering introducing a law that would ban gambling operators from TV advertising before the 9 PM watershed. According to a report in Times newspaper, the government is about to review the UK gambling industry and proceed with some changes. The Times quoted an unidentified senior minister saying „the gambling […]

South Africa is preparing new ways to fight against illegal online gambling. One of the new measures is government‘s right to confiscate any unlawful winnings. South Africa‘s Department of Trade and Industry (DTI) published the National Gambling Amendment Bill of 2016, which will be open for public comment until November 15, 2016. It proposes changes […]

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 […]

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 […]