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BETCLIC EXITS BELGIAN ONLINE GAMBLING MARKET
Monday April 7,2014 : BETCLIC EXITS BELGIAN ONLINE GAMBLING MARKET
Company running scared after prosecutor launches charges that could result in penalties for management.
The hard-nosed Belgian online gambling authorities have lowered the boom on Betclic, with prosecutors charging that the company has been targeting Belgian punters in contravention of the European nation's tough and protectionist online gambling laws.
InfoPowa readers may recall that the operator took a Euro 60,000 hit recently when Belgian enforcement officials seized company funds held in Belgium and consigned the company to the national black list of companies illegally offering online gambling services to Belgian punters.
Whilst Betclic denies any wrongdoing, the official actions appear to have hit home with the news this week that management has decided to exit the Belgian market.
Members of Betclic management may have been given pause for thought by the draconian penalties they could face if convicted in a Belgian court - individual prison sentences of between six months and 5 years can be handed down.
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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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