UK Court Rules in Favor of Spribe; Light & Wonder Shifts Listing Location
=========================================================
In the world of online gaming, changes and controversies are a constant. Here are some recent developments that have caught our attention.
Light & Wonder Moves to ASX
Light & Wonder, a leading global gaming major, has announced its shift from the NASDAQ stock exchange to the Australian Stock Exchange (ASX). The move is expected to provide the company with a broader investor base and increased visibility in the rapidly growing Australian market.
MegawaysCasino Gets a Makeover
SkillOnNet is giving its MegawaysCasino a fresh start, relaunching the popular destination for megaways mechanic and features. The revamped casino promises an enhanced user experience and a wider variety of games.
Sweepstakes under Scrutiny
The American Gambling Association (AGA) is pushing for sweepstakes to be regulated under the same laws as traditional online gambling. The AGA sees these games as a loophole that needs to be addressed to ensure fair play and consumer protection.
Netherlands Sets New Regulatory Standard
Ivan Kurochkin, Partner and Head of Consulting Department and Eastern Europe at 4H Agency, has spoken about the Netherlands establishing a new enforcement standard in regulation. The move is aimed at addressing concerns about the impact of gambling on society.
Research Shows Shifting Public Opinion on Gambling
New comparative research presented to the Massachusetts Gaming Commission reveals that public sentiment against gambling is shifting. The research shows that more than half of all gamblers view the activity as causing more harm than good.
President Marcos Jr Ponders Online Gambling Regulations
Ferdinand Marcos Jr, the President of the Philippines, has expressed caution about issuing new regulations concerning the country's domestic online gambling sector. The debate over whether to impose new, stricter measures on the activity or ban it outright has been raging.
UK Court Grants Injunction in Aviator Dispute
The current status of the legal dispute between Spribe and Aviator LLC in the UK is that the UK High Court has granted an interim injunction in favor of Spribe. This prevents Aviator LLC from launching or promoting its crash game in the UK market. Spribe claims that Aviator LLC has infringed its copyright and brand by marketing a game with the same name and technical format as Spribeโs original Aviator crash game.
Bet365 Expands in the US
Bet365, a privately-held sportsbook, has entered a 14th state in the United States, Kansas. The move comes as the company continues to expand its footprint in the US market.
Gambling-Related Harm on the Rise
The number of people experiencing gambling-related harm is increasing in Massachusetts, indicating that new measures may be necessary. The Massachusetts Gaming Commission is expected to address this issue in the coming months.
Tax Increase Affects Dutch Operators
VNLOK, a trade group in the Netherlands, has issued a warning that the tax increase in the country has had an adverse effect on licensed operators' competitiveness and reduced tax revenue to the central government.
Illegal Gambling Websites Shut Down in Michigan
Michigan has issued cease-and-desist letters to six illegal gambling websites and given them a 14-day compliance period. The websites are being targeted under the same provisions used in previous cases for operating without a license from the Michigan Gaming Control Board.
Texas Lottery Pays Out Long-Overdue Reward
The Texas Lottery has agreed to pay an outstanding $83.5 million reward to a Texan resident who couldn't claim the money due to a political debate over legal purchase of a winning ticket.
Nearly Three-Quarters of US Gambling Revenue Unregulated
A New Yield Sec report suggests that around 74% of gambling revenue in the United States is funneled through non-regulated websites, with 917 illegal gambling websites operating compared to about 106 legal ones.
Spribe Revolutionizes Crash Game Genre
David Natroshvili, Founder and CEO of Spribe, has discussed how his company has revolutionized the crash game genre and proven that crash games are not a "failed product." The company's hit title, Aviator, has been the subject of a legal dispute with Aviator LLC, with the UK High Court recently granting an interim injunction in favor of Spribe.
[1] https://www.spribe.com/news/spribe-wins-interim-injunction-against-aviator-llc-in-uk-court-case [2] https://www.aviatorgame.com/news/aviatorgame-responds-to-spribes-allegations-in-uk-court-case [3] https://www.gambledesk.com/news/spribe-sues-aviator-llc-over-copyright-infringement-in-uk-court-case [4] https://www.calvinayre.com/2021/12/21/business/spribe-sues-aviator-llc-over-copyright-infringement-in-uk-court-case/ [5] https://www.gamblinginsider.com/regulation/uk-high-court-grants-spribe-interim-injunction-against-aviator-llc-36302
- As the Netherlands establishes a new enforcement standard in regulation, it is crucial to promote responsible gambling and ensure that casinos-and-gambling activities uphold these standards to prevent an increase in gambling-related harm.
- The American Gambling Association (AGA) seeks to regulate sweepstakes under the same laws as traditional online gambling, aiming to address concerns about fair play and consumer protection, particularly since gambling opinions might be shifting towards a more negative view.
