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Little Breathing Space For Ultimatebet
The Ontario Superior Court ruling earlier this week that Excapsa should contribute to refunds to players prejudiced by its rigged software could mean more breathing space for UltimateBet as it tries to comply with Kahnawake Gaming Commission deadlines.
On September 29 this year, following an independent investigation by online gambling regulation expert Frank Catania, the KGC handed down punitive fines on UltimateBet totalling $1.5 million, together with a list of conditions and deadlines on which its continued licensing depends.
Those deadlines expired on November 3rd and required that UltimateBet refund all prejudiced players, and that any employees or contractors found to have been involved in the debacle be dismissed.
UltimateBet has announced that the process continues, and that it has already refunded some $6 million to players but needs more time...and presumably the cash from the $15 million Excapsa ruling will be useful in achieving further disbursements.
UltimateBet has requested a KGC appearance in order to develop an extension to its deadlines, and in view of the Superior Court's ruling against Excapsa this appears likely to succeed.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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