SBC News

    KSA Chair: The Netherlands needs cross-border collaboration to tackle black market

    KSA Chair: The Netherlands needs cross-border collaboration to tackle black market

    The Chair of the Netherlands' gambling regulator, Michel Groothuizen of the KSA, has called for greater cross-border collaboration among European nations to combat the illegal gambling market. He highlighted the ongoing challenges faced by the Netherlands in this fight, underscoring the need for a unified approach. This plea comes after the Netherlands' annual gambling committee debate, emphasizing regulatory concerns.

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    Google ends ad services for gambling in Croatia

    Google has announced it will cease allowing affiliates and media platforms to use its ad services for gambling content and promotions targeting audiences in Croatia, effective October 7th. This significant policy change was confirmed through an update to Google's country-specific terms for its Ad services in Croatia. The move will revoke all existing gambling ad campaigns in the region.

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    DCMS urged to ban regulated gambling operators from sports sponsorships

    DCMS urged to ban regulated gambling operators from sports sponsorships

    A research consortium, Local Health and Global Profits (LHGP), is urging the UK's Department for Digital, Culture, Media and Sport (DCMS) to broaden its proposed ban on unlicensed gambling sponsorship in sports to include all regulated operators. While supporting action against the black market, LHGP believes extending the ban is crucial for public health and reducing gambling harm.

    Sunderland signs multi-year deal with Shuffle amid heightened black market scrutiny

    Sunderland AFC has signed a multi-year sponsorship deal with Shuffle, a crypto-centric online casino and sports betting platform that operates without a UK Gambling Commission license. This partnership is controversial given increasing scrutiny on football clubs promoting gambling and the platform's unlicensed status in the UK, raising questions about regulatory oversight. The deal highlights ongoing tensions between sports sponsorship and responsible gambling practices within the UK.

    Mor Weizer: Line must be drawn on tech supply to illegal operators

    Playtech CEO Mor Weizer used the company's H1 earnings call to emphasize the industry's responsibility to cut off technology supply to illegal gambling operators, despite refusing to comment on ongoing litigation with Evolution AB in New Jersey. This stance highlights a critical issue for major B2B suppliers regarding market integrity and regulatory compliance. The refusal to discuss the Evolution litigation suggests its sensitivity and importance to Playtech.

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    Germany cracks down on €6bn illegal gambling ring

    German authorities have launched a major crackdown on an illegal gambling network, following a three-year investigation into heightened money-laundering risks flagged by the Financial Action Task Force (FATF). Eleven premises were raided, targeting an operation reportedly handling €6 billion in stakes. This initiative aims to combat criminal activities threatening the German economy and market integrity.

    Couple at the forefront of 2024 Conservative campaigning plead guilty after election bets

    Two individuals closely associated with the UK Conservative Party, including its Head of Campaigning, have pleaded guilty to cheating offences under the Gambling Act 2005. Anthony Lee and his wife, Laura Lee, admitted to placing bets on the date of the 2024 UK general election using insider information. This development is part of a wider scandal involving bets made by political figures on the election timing.

    Newcastle United pens multi-year deal with LeoVegas’ BetMGM

    BetMGM, part of LeoVegas Group, has secured a multi-year deal to become Newcastle United's official UK and European betting partner, expanding on their existing 2023 relationship. The agreement ensures prominent BetMGM branding at St James' Park, including LED advertising and media walls. This partnership strengthens BetMGM's presence through association with a major Premier League club.

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    Stake called out in Nigeria for operating without relevant licences

    Stake has been added to Nigeria's 'blocked list' and banned across all 24 states within the Federation of State Gaming Regulators of Nigeria (FSGRN). The Lagos State Lotteries and Gaming Authority (LSLGA) deemed Stake's operations in the country illegal due to a lack of relevant licenses. This action highlights a growing enforcement trend against unlicensed operators in African markets.

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    FATF issues stark warning as money laundering threat rises with black market presence

    The Financial Action Task Force (FATF) has issued a critical warning to regulators, stating that gambling platforms are increasingly being exploited for money laundering activities, particularly as black market operations expand. This alert signals a heightened focus on combating financial crime within the industry, especially in Europe, potentially leading to more stringent regulatory measures.

    Olli Sarekoski, Veikkaus CEO: fair competition is only way forward for Finland

    Olli Sarekoski, Veikkaus CEO: fair competition is only way forward for Finland

    Olli Sarekoski, CEO of Finnish gambling monopoly Veikkaus, discusses the necessity of fair competition, implying that the current monopoly model is failing to retain players who seek international alternatives. He suggests a shift towards a licensed market could be beneficial for Finland, aligning with recent industry discussions about market liberalization. This indicates potential future regulatory changes in a significant European market.