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Steam Getting Tough On Gambling Skins
Thursday, July 14, 2016 : E-SPORT PROVIDER LOWERS THE BOOM ON SKIN GAMBLING (Update)
Valve says that its Steam subsidiary will not facilitate gambling on skins.
After over a week of intense criticism, the threat of legal actions and a boycott by one developer, eSports provider Valve has finally responded to a skin gambling scandal by warning that its marketplace subsidiary Steam will not allow itself to be used as a vehicle for skin gambling by third party operators.
According to ESPN, Valve has identified third party sites that it considers are in violation of its anti-gambling stance and is currently writing to the operators concerned warning them to cease such operations via Steam under pain of possible legal or other action.
Valve is facing two lawsuits in Connecticut and Florida, alleging that the company knowingly and willingly allowed gambling sites to operate unregulated gambling markets
Valve claims that it has no business affiliation with any of the sites which are alleged to be offering gambling via cashable skins, and say that it has not profited in any manner from their earnings.
"According to insight and analytics company Narus Advisors, over $7.4 billion will be wagered annually through the Counter-Strike and Dota gambling and betting industries by the end of 2016, based off trends from previous years.
“A total of $3.3 billion of that is through sports books, such as popular site CSGO Lounge, $1.9 billion via lottery sites, such as CSGO Lotto and CSGO Diamonds, and the remaining amount throughout other types of "skin" gambling," ESPN reports.
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Gambling News :
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
ArenaCube Signs 3 New Deals -
Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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