People who enjoy meetings should not be in charge of anything.
—Thomas Sowell
30th August 2018  
 
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The Story

The UK Competition and Markets Authority said that Jumpman Gaming and Progress Play have agreed to scrap withdrawal restrictions for their customers.

 

CMA hopes that more gambling sites will follow suit.

Both sites required some customers to withdraw their account funds in stages over an extended period and to get funds from so-called ‘dormant’ accounts. The CMA singled out Progress Play for confiscating money from customers just because they failed to provide information within a specific time frame. The UK Gambling Commission reminded online licensees that they need to toe the line “or face action.”

 
 
 
 
 
 
 
 
 

How blockchain solves pain points for the merchant, affiliate relationship

CalvinAyre.com's Becky Liggero talks with Reftoken.io CEO Jan Sammut about how his company utilized blockchain to provide a “fraud-less” experience for both merchants and affiliates.

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Major Canadian crypto ATM provider to add Bitcoin BCH support

Localcoin, which already operates more than 100 cryptocurrency ATMs across Canada, will soon allow purchase and exchange of Bitcoin BCH to fiat currency.

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  ASIA

Hong Kong, Macau could see huge climb in Chinese gamblers

A recent Chinese Ministry of Public Security rule relaxing visa rules for mainland Chinese citizens traveling as a group could pave the way for more travelers going to Hong Kong, Taiwan and Macau.

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Taiwanese gambler out nearly $400k after failing to declare

A gambler identified only by the surname Huang lost nearly $400k to Taiwanese airport personnel after failing to declare the KRW408.8m ($368,500) and THB473k ($14,500) he carried in his suitcase.

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  EUROPE

Better Collective revenue up 93% in Q2 2018

Jesper Søgaard, CEO of the Danish iGaming tool provider, said that Q2 2018 turned out it to be its best performing quarter yet with revenue of €9.7m ($11.3m).

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  NORTH AMERICA

Chuck Schumer throws support behind federal betting regulation

Senate Minority Leader Chuck Schumer backed a call made by fellow Sen. Orrin Hatch on the need for federal oversight of sports betting regulations.

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British Columbia sets another online gambling revenue record

British Columbia Lottery Corporation (BCLC) casino and community gaming division reported record revenue of C$1.95b thanks largely due to gains made from slots and table games.

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  FACT YOU NEED TO KNOW
 

The highest stakes game ever recorded was a Hold ‘Em game played by billionaire Andy Beal. The stakes were $200k.

 
 
 
 
 
 
 

Tax relief and growth bring new opportunities to a maturing market

The 2018 Gaming in Spain Conference, which will take place on November 7-8, 2018 in Madrid, is an opportunity for investors to know the issues and opportunities faced by the Spanish online gaming market.

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Congratulations to Mark Buser for being appointed as a Business Intelligence consultant for Luckbox! Before joining the eSports betting start-up, Buser helped build and grow brands including Idle Games, Gamiana Digital and PokerStars.
 
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