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Unregulated FIFA gambling site gets fined
While everyone is talking about the growth of the esports, it goes without saying that the regulators have been taking very little action to make betting on electronic sports safes. Well, things have changed, at least in the UK. Recently, United Kingdom Gambling Commission (UKGC) has taken action against the video game betting site for the first time in its history.
As reported on Norske Casino website, Craig Douglas and Dylan Rigby have been fined a total of 255,000 GBP for running a website that allows people to bet on the virtual football games by using a FIFA in game currency. Apart from running this site, Craig Douglas was leading a famous YouTube channel with over 1,300,000 subscribers, which was the main traffic driver to the gambling website.
Even though the size of the penalty may sound horrifying, the main reason for taking action and issuing a fine by UKGC of nearly 320,000 USD is the audience. Unlike regular betting sites that target players of a proper age, the court believes that the video game betters are often underaged.
Still, some people may have an obvious doubt. If the players had to place bets using virtual in-game currency, why is there any penalty at all? Video gaming is actually a billion dollar industry and there is quite some demand for the gaming money, the virtual currency can actually be sold both online and offline. Hence, it does have a monetary value.
Craig Douglas and Dylan Rigby developed a website that accepted deposits from the FIFA game and allowed betting on various football video games. As a result, both Craig Douglas and Dylan Rigby were charged with operating gambling facilities without a license and advertising illegal gambling. Craig Douglas was fined a total of 91,000 GBP and Dylan Rigby received a fine of 164,000 GBP.
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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