Stop-Pesa – Kenyan SportPesa shareholder reveal billions transferred to offshore accounts

Kenyan gambling regulator blocks SportsPesa’s return online On Friday 31st October, Kenyan betting brand Sportpesa’s CEO Ronald Karauri announced the return of the brand under “a new BCLB licence holder” Milestone Games.

The Netherlands’ regulatory authority publishes ‘Remote Gambling Act’ document

The published draft documents indicate that the Netherlands will have the toughest licensing process for online gambling operators The Netherlands’ regulatory authority for gambling, Kansspelautoriteit or KSA, has published draft documents related to the ‘Remote Gambling Act’. These documents will include the licensing requirements that need to be met by any parties who are willing to join the…

Final curtain for crypto following European Commission regulatory proposal?

The historic regulation proposal shakes up the industry as growing concerns over the future of crypto assets under the new legislation in Europe could potentially kill innovation.  Towards the end of September, the European Commission who are responsible for proposing legislation and implementing decisions, released their new Digital Finance package including ‘historic’ regulatory proposals targeting crypto-assets and blockchain.   

Ex-MGA, MFSA’s Joseph Cuschieri: Self-suspension over Vegas vacation news report

Ex-MGA, MFSA CEO Joe Cuschieri suspended himself after Maltese newspaper released an article about his paid trip to Las Vegas with murder suspect Yorgen Fenech Ex-MGA chief and current MFSA chief executive officer Joseph Cuschieri as well as general counsel Edwina Licari self-suspend over the alleged trip to Las Vegas with casino mogul Yorgen Fenech,…

Philippines ranks in top 50 nations list of good peace and order

A report released by Washington-based analytics and advisory firm Gallup shows that 80% of Filipinos believe that their community is safe Yesterday, Thursday 29th October, Washington-based analytics and advisory firm Gallup released the 2020 Global Law and Order report.

PAGCOR ponders 5% cockfighting tax

The new bill presented in the House of Representatives seeks to tax offsite betting on Sabong PAGCOR’s latest net income data filed on Tuesday shows a 60% drop from the income generated last year.

Cambodia officially launches national digital currency – Bakong

This currency can be used through a mobile app installed on a smartphone Yesterday, October 28th, Cambodia officially launched a digital currency issuance plan supported by the central bank. This currency draws on blockchain technology designed by a well-known Japanese financial technology startup, Soramitsu Co.

[WATCH] African Markets: Risks and rewards for operators

Two industry lawyers, Babatunde Ibidapo-Obe of Obe & Co and Hans Wolf Kessler of Kessler Stockhausen present the two sides of the coin and discuss the emerging African market and the posed risks and rewards amidst an ever-changing financial landscape The two lawyers started by introducing themselves, and immediately Hans Wolf Kessler took the opportunity…

[WATCH] African Markets: Risks and rewards for operators

Two industry lawyers, Babatunde Ibidapo-Obe of Obe & Co and Hans Wolf Kessler of Kessler Stockhausen present the two sides of the coin and discuss the emerging African market and the posed risks and rewards amidst an ever-changing financial landscape The two lawyers started by introducing themselves, and immediately Hans Wolf Kessler took the opportunity…

UKGC announces tougher licensing conditions for online operators

The Gambling Commission, responsible for regulating gambling and supervising gaming law in the UK, have imposed tighter licensing conditions for online operators in bid to raise standards.   The news came following an investigation on three online gambling operators by the Gambling Commission, namely BGO Entertainment Limited, GAN PLC and NetBet Enterprises Limited, for money laundering and irresponsible gambling claims.