The Swedish Gambling Authority fines Betsson, Snabbare, and TSG a total of 19 million kronor.

The Swedish Gambling Authority (Spelinspektionen) recently imposed administrative fines totaling 19 million Swedish kronor (approximately 2 million US dollars) on Betsson Nordic, Snabbare, and TSG Interactive for failing to comply with the Gambling Act's regulations regarding customer deposits.Speci

32like·0commentA week ago

Cash App fined $40 million by New York regulators for anti-money laundering vulnerabilities.

Payment company Block (formerly known as Square, ticker: XYZ.N) has agreed to pay a $40 million civil penalty and hire an independent monitor to resolve allegations by the New York State Department of Financial Services (NYDFS) that its mobile payment service Cash App failed to implement effective a

21like·0comment04-24

The Dutch Gaming Authority (KSA) has imposed a fine of 1.1 million euros on Alimaniere for illegal online gambling operations.

The Dutch Gaming Authority (KSA) has imposed a fine of 1.1 million euros (1.1 million dollars) on Alimaniere Sociedad De Responsabilidad Limitada for operating an unauthorized online gambling site targeting Dutch players.This enforcement action was taken after the company attempted to circumvent pre

32like·0comment01-09

The Swedish Gambling Authority (Spelinspektionen) has issued fines and warnings to Spooniker and Mr Green.

The Swedish Gambling Authority (Spelinspektionen) has issued warnings to Spooniker and Mr Green, demanding they pay fines of 30 million Swedish kronor ($2.74 million) and 13.5 million Swedish kronor respectively.Regarding Spooniker, the decision was made after the authority found that the Kindred Gr

27like·0comment2024-12-21

CyberHorizon was fined by the Isle of Man Gambling Supervision Commission for regulatory non-compliance.

The Isle of Man Gambling Supervision Commission (GSC) has imposed a fine of £140,000 (approximately €167,297) on CyberHorizon, a provider of video conferencing platforms, for serious breaches of the island's regulatory framework. This fine serves as a warning to other gambling industry companies tha

0like·0comment2024-10-10

bet365 was fined $33,000 by the New Jersey gambling regulatory authority

New Jersey's gambling regulatory body has imposed a $33,000 fine on the sports betting company bet365 for accepting bets on events with known outcomes and games that were not approved for betting.The state's Division of Gaming Enforcement revealed that the company had repeatedly accepted bets on eve

0like·1comment2024-09-11

DraftKings was fined $20,000 after no one could win in 19 rounds of spinning bets at the online casino game.

According to records provided to CT Insider by the Gaming Division of the Connecticut Department of Consumer Protection, in one week, 522 players in Connecticut played the same game, Deal or No Deal Banker's Bonanza, spinning over 20,000 times without a single win.Subsequent investigations by state

0like·0comment2024-09-07

DraftKings Fined $100,000 for Inaccurate Betting Data

The New Jersey Division of Gaming Enforcement has imposed a fine of $100,000 on DraftKings for sending inaccurate sports betting data to the state.It is alleged that these errors caused regulatory authorities to amend and reissue several months of financial data.The inaccuracies included "exaggerati

0like·0comment2024-08-08

Kanon Gaming was fined 7 million Swedish kronor by the Swedish Gambling Authority.

Online gaming operator Kanon Gaming Limited has been fined 7 million Swedish Kronor (approximately $668,000) by the Swedish regulatory authority Spelinspektionen for multiple violations, including insufficient protective measures for players showing signs of excessive gambling.Kanon currently operat

0like·0comment2024-08-01

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