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Bet365 Reacts to Paysafe Illegal Online Gambling
BET365 REACTS TO SPOTLIGHT ALLEGATIONS OF UNLAWFUL ONLINE GAMBLING (Update)
Ripples from accusations aimed at Paysafe by short seller trigger a response from one of the largest firms in the online gambling industry.
Accusations of supporting illegal online gambling conduct aimed at Paysafe earlier this week by alleged Paysafe short-seller, Spotlight Research, have triggered a defensive response from one of the largest operators in the international online gambling industry, Bet365.
Part of the Spotlight allegations against Paysafe, an online payments group offering well known online payment vehicles like Neteller and Skrill, involved Bet365 and the Chinese market, and Bet 365 has responded by claiming it has no physical presence in China and is not breaking Chinese laws.
Describing the Spotlight claims as “self-serving, misleading and inaccurate”, Bet 365 explained that as a company it takes its legal and regulatory obligations very seriously; is licensed by appropriate regulatory authorities across a range of jurisdictions; and is compliant with all relevant legislation.
“There is no legislation which expressly prohibits the supply of remote gambling services into China by operators who are based outside China," the Bet365 statement observed. “Bet365 has no people, assets or infrastructure in China and does not engage any agents, aggregators or intermediaries, for any purpose, in China.
“In the view of Bet365, and its lawyers, Chinese law does not extend to the provision of services into China by gambling operators and service providers who themselves have no nexus with the territory.
“Accordingly, Bet365 considers Spotlight Research’s analysis of the relevant legislation and statements surrounding the alleged illegality of the provision of remote gambling services into China remotely to be self-serving, misleading and inaccurate.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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