News with news tags: Regulation

Do You Have to Pay Taxes on Slot Machine Winnings?

It’s easy to get carried away once you hear the winning music and see the flashing bright lights upon hitting the jackpot on a slot machine. The usual thought process of a soon-to-be millionaire does not involve potential taxes and fees that the win carries. However, there are many factors to take into consideration whenRead More...

Just in: NetEnt Suspends Street Fighter II

NetEnt, a popular iGaming software provider based in Sweden, has decided to suspend the recently launched Street Fighter II: The World Warrior game only one week after its release. The company took this action due to internal concerns regarding the betting behavior of players. The slot game, inspired by the famous 90s arcade games, wasRead More...

Australia Renews Fight Against Illegal Gambling

Australia Renews Fight Against Illegal Gambling Authorities in Australia are intensifying their efforts to crack down on illegal gambling operators. The Australian Communications and Media Authority (ACMA) is leading a renewed campaign against online casinos and gambling platforms that are not properly authorized or licensed. The ACMA is collaborating with local internet service providers to block access to these unauthorized sites.Read More...

Online Staking Limits Not Yet an Option

Online Staking Limits Not Yet an Option In order to protect players from the negative effects of gambling, there has been a suggestion to implement 'online staking limits' for casino operators. This has been previously done for fixed-odds betting terminals (FOBT), and some gaming executives have even said that this change is 'inevitable'. However, the introduction of this policy in online casinosRead More...

What’s New at Casumo Casino?

What’s New at Casumo Casino? Casumo Casino recently faced criticism from the UK Gambling Commission and received a fine. Casumo's CEO, Oscar Simonsson, has acknowledged the issue and reassured that the company is doing well. He emphasized that they have learned from their mistakes and are committed to taking smarter actions in the future. Thankfully, the situation only resulted inRead More...

Swedish Gambling Authority Awards Its First Licenses

Swedish Gambling Authority Awards Its First Licenses The Swedish Gambling Authority (SGA) has recently awarded its first licenses to top online casinos such as Betsson, Casumo, Bet365, and LeoVegas. This move follows the footsteps of other regulatory bodies like the Malta Gaming Authority (MGA) and the UK Gambling Commission. The Swedish Parliament approved the law for licensing in June 2018, and sinceRead More...

NetEnt & ATG Partnership

NetEnt & ATG Partnership Just as we mentioned how NetEnt is trying to get licensed and break into the US market and how they successfully appeared on Canadian and Lithuanian markets a few weeks ago, we hear the news that they have partnered with their Swedish colleagues, ATG. NetEnt is not only the biggest online gambling company in SwedenRead More...

UKGC and CMA Actions

UKGC and CMA Actions Unfortunately, online gambling companies continue to exploit loopholes in customer protection laws. However, regulatory agencies like the UK Gambling Commission (UKGC) and the Competition and Markets Authority (CMA) are actively working to enhance the quality of B2C formats. We consistently emphasize the importance of choosing regulated casinos, such as those licensed by the UKGC, inRead More...