Business News

Maltese regulator unveils new Sports Integrity Unit

The Malta Gaming Authority (MGA) has established a new Sports Integrity Unit to gather and share intelligence on suspicious betting activity. The Integrity Unit will be serving as the MGA’ liaison to foreign regulatory authorities, law enforcement agencies, wagering monitoring systems and sports governing bodies combatting the manipulation of sports. …

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Four more operators fined in Sweden for offering U-18 events

Spelinspektionen, the Swedish gambling regulator, has issued fines totalling SEK20.1m (€1.835m) to four operators for offering bets on sporting events involving players under the age of 18, in breach of country’s regulations. The inspectorate continues its tough monitoring of licensed bookmaker betting markets which, during H1 2019, saw Spelinspektionen hand …

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Kambi, DraftKings partnership poised for eight state extension

Global sports betting provider Kambi and DraftKings, the sports-tech and media entertainment company, have completed the signing of a multi-state contract extension. Kambi and DraftKings first announced their sports betting partnership in June 2018. Under the terms of their agreement, the European provider agreed to power the operator’s sports betting operations in New …

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PayPal to shut down services to German online casino players

Starting on October 21, German gamblers will no longer be able to use their PayPal accounts for online casino gambling purposes after a recent update of the payments giant’s German-language guidelines. After the government recently ordered the payment processor to stop facilitating unauthorized online casino activity, PayPal updated its German market …

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Pragmatic Play to expand in LatAm after Codere deal

Malta-based casino games supplier Pragmatic Play has unveiled the latest strand of its global expansion strategy, after entering “a significant commercial agreement” with a Spanish gambling powerhouse Codere. Pragmatic’s slots have gone live with Codere in Mexico, including titles such as John Hunter and the Aztec Treasure, Mustang Gold, Sweet Bonanza and …

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Kindred subsidiary hit with €470,000 Dutch fine

Kansspelautoriteit (KSA), the Netherlands Gambling Authority, has fined Stockholm-listed operator Kindred Group’ subsidiary Trannel International €470,000 for serving Dutch players without a local license. The company has already launched an appeal against it. The fine was issued under the current Dutch Gaming Act, which prevents online operators from securing a …

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