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Bet365 Romanian Licenses Revoked
Friday October 16,2015 : MORE ONLINE CASINO TROUBLES IN ROMANIA (Update)
Bet365 licence reportedly revoked and company blacklisted.
The rather autocratic regulator in Romania continued to wreak havoc among online gambling operators Thursday, adding Bet365 to a blacklist that already features Bwin Digital despite both companies paying back taxes from 2009 (Euro 30 million and Euro 8 million respectively according to some reports) and being in possession of provisional licenses
Those licenses have now apparently been withdrawn, according to local media reports, although the rationale behind these moves by the National Gambling Office remains unclear.
There has been speculation that the regulator was motivated by the continued operations of both companies in the Romanian market despite a requirement that they cease and desist until the licensing process was complete.
A statement from the regulator does little to clarify the situation, simply asserting:
“Please note that by the no. 2723 decision published on 13.10.2015, the right of Hillside Gaming LP and Hillside Sports LP jointly offering gambling services by their gaming platform accessible via the website bet365.com has been cancelled.
“The company has been warned not to accept players who access their site from Romanian IPs or Romanian players under the law from this day forward and to remit all funds of the players that have registered a game account.
“We warned the players that they have 30 days to withdraw all amounts held in accounts of the operator, after which all access to the site will be restricted.”
The statement goes on to warn Romanian online punters that according to GEO no.77 / 2009, unlicensed online gambling "...constitutes an offence punishable by a fine of 5.000 to 10.000 lei [for] participation of individuals from Romania in remote gambling activities as defined in part. 10 (1) h) -n).
Like Bwin, Bet365 has not so far commented on the issue.
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PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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