The Prizes and Bets Secretariat (SPA) has taken action and suspended the operations of 7 betting companies for not meeting the system security certification requirements. Among them, Pixbet has already resumed operations after winning a court decision. The SPA’s action is due to the operators not complying with article 8 of Ordinance 722. This rule […]
A Melbourne man has accused a gambling company of offering him $25,000 if he agreed to withdraw a formal complaint to a national regulator. He said the offer came with strict terms, including confidentiality, indemnity clauses, and a prohibition on future complaints. According to Burns, the settlement offer was tied to strict conditions, including the […]
Playtech has announced the sale of its German B2C betting brand, HappyBet, to a subsidiary of Frankfurt-listed Pferdewetten AG, NetX Betting. The deal was announced on Wednesday, marking another step in Playtech’s strategy to exit consumer-facing operations and focus on B2B services. This agreement comes two months after Playtech began formally exploring the sale of […]
Norway’s state-owned gambling operator, Norsk Tipping, is under scrutiny again for allegedly enabling minors to participate in gambling activities. The Norwegian Lottery Authority (Lotteritilsynet) has launched an official investigation following reports that individuals below the age of 18 years might have transferred significant funds to the operator’s platform. The inquiry was triggered by a tip […]
Illegal Gambling Operation on Papara! What Becomes of the Balance in the Accounts? Flash Announcement by TCMB
May 30, 2025During the illegal betting investigation by the Istanbul Chief Public Prosecutor’s Office, officials issued detention orders for 13 suspects, including Ahmed Faruk Karslı, who owns Papara. The operation began at 05:00 in the morning; eight companies, one yacht, five boats, three safes, seventy-four vehicles, and eight properties linked to suspects were taken by authorities. TMSF […]
The regulated gambling market in Sweden recorded SEK 6.61 billion ($693.4 million) in Q1 2025, based on new data from Spelinspektionen, the Swedish Gambling Authority. The figures show a 0.9% fall from SEK 6.67 billion seen by the industry in Q1 2024. At the same time, the authority reported that 125,000 people were listed with […]
The Gambling Commission is being criticized for hiding the names of problem betting operators in exchange for charity donations. In the last five years, the regulator has placed 38 failing gambling companies under special measures, using a process that hides company names from the public. To avoid formal regulatory action, betting firms can choose to […]
After a record-breaking turnout in 2025, SBC Summit Americas will be returning to Fort Lauderdale in June 2026. The announcement follows widespread acclaim from industry leaders and attendees who hailed the event’s content, networking opportunities, and regional inclusivity. This upcoming edition is scheduled to take place at the Broward County Convention Center from 8 to […]
Playtech has reached an initial agreement with Pferdewetten, a German betting group, for the potential takeover of its Happybet subsidiary in Germany. While in its early stages, the deal is a significant move in Playtech’s strategy to exit the business-to-consumer (B2C) market and concentrate solely on business-to-business (B2B) operations. Negotiations and Potential Outcomes The agreement […]
Due to a delay in filing its 2024 Form 20-F, Codere Online Luxembourg is currently at risk of being delisted from the Nasdaq Stock Market. On May 16, 2025, the company received a formal notification from Nasdaq’s Listing Qualifications Department citing non-compliance with continued listing requirements. The prolonged audit procedure following the appointment of a […]