The Administrative Court sided with LeoVegas after the online gambling operator appealed the two-year license granted by Sweden’s Spelinspektionen instead of the usual five-year license.
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The Story
LeoVegas emerged victorious in a legal battle against Sweden’s Spelinspektionen after the government body only issued a two-year gaming license rather than the standard five-year term to the company. The Spelinspektionen justified the granting of a two-year license to LeoVegas after the UK Gambling Commission fined the company £600k in May 2018 for misleading advertising. The Administrative Court in Linköping found merit in LeoVegas’ argument that their most serious UK market violations occurred in 2016 and that the company had since taken sufficient steps to rectify its shortcomings. The Court also said that the punishment of a shorter license duration was neither “justified [n]or proportionate.”
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CalvinAyre.com’s Rafi Farber cautioned investors about buying stocks from The Flutter Group because when companies become this big, “things can start getting unwieldy and internally confusing.”
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A class-action suit was filed against Tether and Bitfinex for alleged market manipulation, concealment of illicit proceeds and creating the “largest bubble in history” over its USDT stablecoin project.
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Global Gaming Expo (G2E) Asia @ the Philippines, which will feature an expo, educational conference, and networking opportunities, will officially commence on December 3-4, 2019 at the Manila Marriott Hotel.
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Congratulations to Digitain for being awarded as the Sports Betting Supplier of the Year at the 2019 Starlet Awards! This award is the latest in a string of accolades obtained by the company this year at the CEEGC, EGR, and RGW Awards 2019.
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Maybe I’m lucky to be going so slowly 
