regulation Archives - LiveCasinos

Luka Jestrovic

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Entain Under Investigation For Violating Anti-Money Laundering Regulations in Australia

Entain, a leading company in the worldwide gambling industry, has recently come under scrutiny by AUSTRAC, the Australian Transaction Reports and Analysis Centre. According to a claim published in December 2024, Entain is accused of “serious and systematic” failure to comply with various anti-money-laundering directives. The investigation could result in court appearances and potential fines for Entain. What is Entain? The Entain Group, formerly known as GVC Holdings, is an intern...

Milica Markovic

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Sweden Shutters All Land-Based Casino Gambling

According to a recent announcement from the Riksdag, Sweden's parliament, the last land-based casino in the country is due to be closed down. Citing low profitability and declining visitor numbers, the lawmakers moved to shutter Casino Cosmopol - the last, state-owned land-based casino in Sweden. Although no exact timeline has been given for the casino's closing, this seems like the end of an era for casino fans in Sweden, further highlighting the country's fast move towards online gaming....

Milica Markovic

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European Casino Association Highlights Commitment to Combat Illegal Gambling

The European Casino Association (ECA) has introduced a new manifesto aimed at addressing regulatory challenges and supporting the European Union’s policy goals for 2025–2029. The manifesto focuses on consumer protection, combating illegal gambling and promoting economic growth within the legal, land-based casino industry. ECA Research Findings The ECA estimates that illegal gambling operators generate €32bn ($33bn) in online revenue and €10bn in land-based gaming revenue annually ...

Luka Jestrovic

News

Maryland Online Casino Bill Heads to Senate

Online casinos in the US seem to have hit another breakthrough. A new, amended bill is being pushed through in Maryland that's set to legalize online gambling in the state. As of March 16, 2024, the Bill has passed the House and will now need to be approved by the Senate. About the Maryland Online Casino Bill Many believe that Maryland has the best shot at legalizing online gambling in 2024, largely thanks to this bill. Its proponents are highlighting the projected $1.3 billion in yearly ...

Luka Jestrovic

News

Australia Bans Credit Card Payments to Online Casinos

In early December 2023, the Australian Senate approved a bill prohibiting the use of credit cards on online gambling sites. The law is set to come into effect sometime during 2024, completely prohibiting the use of credit cards for gambling of any form. The Interactive Gambling Amendment Bill of 2024 The bill was first introduced in September 2023 with the intention of limiting all credit-related products. It was passed by the House of Representatives in November and finally approved by the Se...

Luka Jestrovic

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LeoVegas Obtains New Gaming License in Germany

As part of its ongoing growth campaign, Swedish gambling company LeoVegas has obtained new operating licenses in Germany. This new license should allow the LeoVegas casino to offer new gaming services to customers in all 16 German states. GGL License After a several-month compliance audit, the LeoVegas Group has obtained a new set of gaming licenses that will allow them to offer video slots to customers in Germany. Specifically, the license is issued by Gemeinsamen Glücksspielbehörde -...

Luka Jestrovic

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GambleAware Study Reveals the Value of Seeking Treatment

A new study by GambleAware, a UK-based gambling harm prevention organization, reveals that the majority of those seeking help with problem gambling see rapid and considerable life improvement....

Milos Markovic

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New Irish Gambling Act 2015 In Force From August

[caption id="attachment_1017" align="alignright" width="300"] With the tax and licensing fee money, the country will see additional yearly revenues of around €25 million[/caption] After over three years of delays, the new Gambling Act 2015 has finally been introduced in Ireland. It was proposed earlier this year and it has finally been signed by the country’s president. The new set of rules introduced in the amendment bill will define the conditions under which online gambling in Ireland ...

Milos Markovic

News

IRS to Reduce The Threshold on Winnings Reporting

[caption id="attachment_919" align="alignright" width="300"] For every $600 won players will have to fill in a tax form[/caption] The IRS have made a proposal to lower the threshold for winnings on slots, bingo and keno that are supposed to be reported for taxation. Current threshold of $1200 is suggested to be reduced to half the amount, that is to say, $600. American Gaming Association, together with the land casino companies on US territory openly oppose to this proposal. Reducing the Win...

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