Posts Tagged ‘Gambling’

The Gambling Commission Fines Swedish Online Casino £600,000 for failing addicts

LeoVegas have been found guilty of not returning the funds of over 11,000 players that chose to Self-exclude themselves from the online casino, customers who feel that they have a problem can blacklist themselves so that they are not able to place bets and to not receive promotional emails.

 

This comes hot on the tails of popular online gambling firm 888 being fined a record amount of £7.8 million for similar failings in August of 2017. Due to a technical fault over 7000 customers who had chosen to “Self-Exclude” were still able to access their account and place bets, one addict was able to place over 1.3 million pounds worth of bets including £55k stolen from their employer.

 

The Commission found in their investigation that LeoVegas:

  • Sent advertisements to 1,894 customers who had self-excluded.
  • Failed to refund 11,025 customers when they had closed their accounts and self-excluded.
  • Let 413 self-excluded customers to gamble without speaking to them first and applying a 24 cooling off period.

 

Despite being fined by the GC, LeoVegas continue to show positive numbers and reports year on year growth. Revenue increased up to €77.4m which is an increase of 76% and earnings per share increased from €0.05 to €0.07, Co-Founder of LeoVegas Gustaf Hagman has shown great enthusiasm of how his company has grown in the year so far.

High Stakes: Nevada Gambling Industry Discusses ‘Intersections’ With Booming Cannabis Industry

Some of the heaviest hitters in Nevada’s gaming industry met Wednesday morning to discuss how the state should approach its fledgling marijuana industry. The 12-member Nevada Gaming Policy Committee was …
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Pennsylvania Casino Gambling Win Falls In October

Pennsylvania gaming revenue fell in a year-to-year comparison the same month that lawmakers approved a massive gambling expansion package. Keystone State gaming regulators said last week that the state’s 12 …
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Porn Mogul Loses California Casino Gambling Fight

Casino owner and porn magnate Larry Flynt was just dealt a losing hand in California. According to Courthouse News Service, a federal judge late last month dismissed with prejudice his …
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U.K. Casino Sites Could Get Boost From U.S. Online Gambling Developments

Gambling in the United Kingdom is at record levels, with about £13.8 billion ($ 18 billion USD) a year being spent on the activity, according information from the country’s gaming regulators. …
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New York State Again Threatens Native American Tribe Over Gambling Dollars

In a sense, the governor of the Empire State is helping it live up to its nickname. The Cuomo administration said this week that it will look into allowing a …
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LSU Running Back Arrested For Underage Gambling

LSU sophomore running back Lanard Fournette, the younger brother of former LSU star and recently drafted Leonard Fournette, was arrested this week after visiting a Louisiana casino on Saturday. Lanard, …
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British Gambling At Records Levels, Report Says

Gamblers in Britain spent a record £13.8 billion ($ 17.8 billion USD) in the 12-month period ending in September 2016, according to a report from the country’s Gambling Commission. The commission …
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New York Casino Gambling: Tribe Announces Plan To Build Another Casino

New York’s casino gambling market is set to get even more crowded. Syracuse.com reported that the Oneida Indian Nation plans to build a $ 40-50 million casino on its land in …
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New York Tribal Casino Launches Social Gambling

Turning Stone Resort Casino, located within the state of New York, has launched what is basically a free-to-play social casino platform. The upstate tribal casino will have some of its …
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