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BET365'S ROMANIAN TROUBLES CONTINUE
Friday January 15,2016 : BET365'S ROMANIAN TROUBLES CONTINUE (Update)
Online gambling group loses appeal against licence suspension but may fight on.
The strange case of the Romanian regulator's suspension of online gambling group Bet365's licence continued to mystify observers this week, when the Court of Appeal in Bucharest turned down Bet365's appeal against the suspension.
It's turning out to be an expensive affair; the UK gambling group has already had to cough up Euro 30 million in retrospective taxes imposed by the Romanians, and the legal costs are mounting.
Bet365 has repeatedly denied allegations that the suspension was imposed by regulator ONJN because the company had failed to halt operations between September and October last year whilst licenses were being processed, yet the regulator went ahead anyway, suspending the licence, scaring off players with questionable fines and threats of prosecution, and blacklisting the company.
Bet365 has used some strong language in characterising these actions as discriminatory and corrupt, legally unjustified and disgraceful, and is expected to launch a further appeal.
Media speculation that the regulator's action against Bet365, which had a dominant slice of the Romanian online gambling market, was urged by domestic competitors has yet to be substantiated, but there can be little doubt that the situation has been to the advantage of rivals.
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Karaoke parlour Gambling Ring Busted -
The Cambodia Daily newspaper reports that police in Poipet have shut down an online gambling company being run out of a karaoke parlour, and have interrogated 63 Chinese nationals associated with the enterprise.
Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
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