David Baazov, the embattled former Amaya Gaming CEO, is telling a Canadian judge that there's no way he could have engaged in insider trading in the massive PokerStars deal because he didn't think it would even happen. Undercutting one of your greatest business successes is a novel way of avoiding the law, but Baazov and…
The UK Gambling Commission (UKGC) is, seemingly, stepping away from its heavy-handed efforts to regulate fixed odds betting terminals (FOBTs). In an announcement first reported on by The Times, Commissioners have decided that they are willing to let go of their demand that the maximum wager at an FOBT be fixed at £2. Commissioners didn't discount…
Across the European continent local governments have always acted aggressively when it comes to protecting their gambling monopolies and the tax revenue those monopolies generate. In theory, aggrieved operators have had the opportunity to take their complaints about these unfair trade practices to the European Commission in hopes of receiving some redress. With a recent…
A financial analyst in Ontario, Canada and a group of his friends are feeling the heat from fraud investigators over their actions in the days leading up to Amaya Gaming's purchase of PokerStars back in 2014. The men join former Amaya Gaming CEO David Baazov in the cloud of suspicion that's resulted from alleged insider…
Two Indonesian man were publicly flogged to the tune of 24 lashes in the province of Aceh for the crime of gambling. The extreme punishment was inflicted on Dahlan Silitonga, 61, and Tjia Nyuk Hwa, 45 not for running an illegal backroom casino; or wagering with an offshore sportsbook; or any of the gambling offenses…
The UK Competition and Markets Authority (CMA) is launching an investigation into the withdrawal practices and policies of a group of unnamed UK gambling operators. Details of the probe are, so far, limited but it's yet another sign that the UK government is turning up the heat on the local gambling industry. At issue, according…
A Nevada sports betting fund is being plagued by complaints that it took clients' money and then went silent. At least two clients of Matt Stuart have already filed complaints with Nevada Secretary of State and the Attorney General with regards to his conduct while running an entity betting firm called Bettor Investments. Three more…
A judge in Quebec has ordered that the trial of former Amaya Gaming CEO David Baazov be pushed back to April 16. It's the latest twist in an ongoing legal saga involving the ex-chief of one of the best known online poker companies on the planet. Baazov, who is facing a litany of charges centered…
The West Virginia State Senate approved a bill that would allow gambling operators throughout the state to offer sports betting, should it become later this year. West Virginia is one of growing number of states that are betting that the Supreme Court will overturn the Professional and Amateur Sports Protection Act (PASPA) of 1992 and…
Supporters of regulated US sports betting are feeling optimistic after attorneys on both sides of the controversial issue presented oral arguments in front of the US Supreme Court yesterday. The hearing was a fairly dry affair with attorneys from the Department of Justice; the State of New Jersey; and the four major professional sports leagues,…
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