香港六合彩开奖记录

Latest Gambling News: Sportsbook Licensing Slows In Maryland ...and more

|

October 30, 2023

Every week we will be bringing you a summary of all the latest stories from the gambling industry across the world, covered by our 香港六合彩开奖记录 analysts. This is a mere snapshot of what our experts report on each and every day.

Sportsbook Licensing Slows In Maryland

The Maryland Sports Wagering Application Review Commission (SWARC) has awarded MSF Sports a retail sports wagering facility license but will not hold another meeting until January due to a lack of mobile or retail licenses that need to be approved by the end of the year.

James Butler, chief of staff and deputy director of the Maryland Lottery and Gaming Control Agency told commissioners Wednesday (October 18) that there are five mobile, one facility operator and one facility license applications under investigation. There is one additional mobile application that has not been filed.

Butler said he did not expect any applications to be ready for SWARC鈥檚 consideration until January.

MSF Sports, which is a subsidiary of the Maryland State Fair and Agricultural Society, and the Maryland State Fairgrounds, was expected to partner with DraftKings Inc.. Currently, there are 12 mobile #sportsbooks and 13 retail locations operating in Maryland.

Commissioner Randy Marriner said the window to submit applications was closed but asked his fellow commissioners and staff if anyone had been approached and asked about the window reopening.

鈥淲e have only had a couple of random inquiries whether it is going to reopen,鈥 Butler said.

Marriner added that 鈥渘o one is beating down the door鈥 to apply for a license.

鈥淭his market seems to have taken its near term, if not long term, structure with a dominant handful of mobile operators,鈥 said SWARC chairman Thomas Brandt.

Pennsylvania Regulator Fines Casinos, VGT Facility

The Pennsylvania Gaming Control Board (PGCB) approved four consent agreements Wednesday (October 18) resulting in fines totaling $73,075.

Stadium Casino Westmorland LLC, operator of Live! Casino in Pittsburgh, was fined twice totaling $30,000 with one consent agreement settled for $20,000 for two instances for allowing individuals who were on the PGCB鈥檚 casino self-exclusion list to enter and #gamble.

The second agreement included a $10,000 fine for allowing someone under the age of 21 to access the #casino floor and play slot machines.

Love鈥檚 Travel Stops & Country Stores Inc. was fined $25,000 for not providing the control board with ownership structure changes involving five of its video gaming terminal locations.

Finally, Greenwood Gaming and Entertainment, Inc., operator of Parx Casino in Bucks County, agreed to a fine of $18,075 for failure to submit two license renewal applications in a timely manner.

In other decisions approved during Wednesday鈥檚 meeting, the PGCB voted to renew the Category 2 standalone casino license of Sugarhouse HSP Gaming LP, operator of Rivers Casino Philadelphia .

No Casinos Wants Voters To Decide Florida Sports Betting

No Casinos Inc. has submitted its amicus curiae brief to the Florida Supreme Court claiming the proposed 鈥渉ub and spoke鈥 model for the Seminole Tribe to conduct mobile sportsbetting in Florida 鈥渧iolates the text, spirit, and public policy鈥 behind the state constitution.

The anti-gambling group believes that 鈥渁rticle X, section 30 of the Florida Constitution鈥 ensures that voters have the exclusive right to decide whether to authorise casino gambling in the state.

In its , attorneys for No Casinos relied heavily on its 2018 Amendment 3 that was passed by 71 percent of the voters 鈥渋n order to explicitly remove the legislature鈥檚 authority to authorise certain forms of gambling.鈥

鈥淣o Casinos proceeds on the premise that sports betting, which is permitted state-wide under the compact and challenged statutes, is within the definition of casino gambling鈥 within the state constitution.

Beverly Pohl, counsel for No Casinos, described the 鈥渉ub-and-spoke鈥 model that allows wagers to be placed anywhere within the state as long as they are processed by computer servers on tribal lands as 鈥渂ased on legal fiction.鈥

鈥淣otably, federal defendants in related litigation have taken the position that 鈥渦nder federal law, the location of the bettor determines where the bet is placed,鈥 and that a tribal-state compact cannot, by fiat, change the location of the bettor,鈥 Pohl wrote.

Pohl reminded the that it was No Casinos position that only the voters through an initiative process can expand gaming in Florida.

鈥淎mong the policy concerns is the fact that under the compact, gambling is #regulated by the tribe with minimal state input, thereby depriving Florida citizens of the benefits of government accountability for state-wide activities the state has allowed by contract.鈥

Nasdaq Delists Elys Game Technology

As trading began Wednesday (October 17) on the Nasdaq exchange, Elys Game Technology, Corp. was no longer among the stocks listed following the removal of the company鈥檚 shares.

The New York-based interactive and sports betting company was notified in a 鈥淒elisting Letter鈥 of the decision by the Nasdaq Hearings Panel and comes after shares have traded below $1 for roughly eight months.

Elys may request a review of the decision within 15 days from the October 13 date of the delisting letter.

In a statement, the company said it is currently carefully evaluating whether such an appeal is warranted, noting that expenses related to its #Nasdaq listing were approximately $1.6m annually.

鈥淚n anticipation of realising substantial cost savings, the Company sees opportunities to streamline operations through delisting and deregistration,鈥 the company said. 鈥淭hese benefits include lower operating costs, reduced management time commitment to #compliance and reporting activities, and a simplified corporate governance structure.鈥

Elys has initiated the process of transferring the quotation of its common stock to one of the over-the-counter markets operated by OTC Markets Group Inc. The shares of the company's common stock will continue to trade under the symbol "ELYS".

To have access to all these stories, and MUCH MUCH more, simply request a demo with one of our experts today, to learn how you can make compliance a competitive advantage.

Request a Demo

What our clients say

"香港六合彩开奖记录 Regulatory Compliance offers excellent legal and regulatory analysis and provides us with a trustworthy, organised and credible single source solution, which keeps us ahead of the game."

888.com

CEO

"香港六合彩开奖记录 GamblingCompliance is an invaluable source of regulatory information, making it an excellent tool for the gambling industry. The quality of analysis is unmatched and the ease of use searching for topics, regions and themes makes it very simple to identify relevant stories."

Morgan Stanley

Senior Researcher

"香港六合彩开奖记录 GamblingCompliance is crucial to keeping a finger on the pulse of gambling regulation. Accessing a single, credible source of information and news helps us efficiently evolve our systems to align with regulatory developments."

PayPal UK

Head of Risk Management

"Hands down one of the most unique full suite sources of this subject matter anywhere."

UnionPay International

Managing Counsel

"The ever-increasing change coming from various regulators in different territories makes 香港六合彩开奖记录 a must for a compliance team at a business like ours."

Truevo

Head of Legal & Compliance

"Using 香港六合彩开奖记录 PaymentsCompliance gives us a comprehensive view of the critical changes in regulation in our key markets, and reduces our business resource requirement which saves us on average 拢100k per annum, we wouldn't be without it!"

Well known e-money company

Regulatory Compliance Team Lead

Insights and intelligence for some of the world鈥檚 biggest brands

To find out more about 香港六合彩开奖记录, contact us today