Gambling

Wynn Resorts Ltd. has become the latest major Las Vegas casino operator to face a cyberattack, with hackers demanding a $1.5 million ransom and threatening to release sensitive data. The extortionists have set a Monday deadline for payment and claim to have obtained approximately 800,000 records from the company’s systems. A hacking group calling itself ShinyHunters reportedly contacted Wynn Resorts on Friday, demanding the ransom while warning that they would make public “fu

The Lagos State Lotteries and Gaming Authority (LSLGA) has implemented a five percent withholding tax on the net winnings of online bettors, a measure that takes immediate effect across the state’s regulated gaming market. The announcement was made on Thursday by LSLGA Chief Executive Officer Bashir Are, who confirmed that the deduction will apply to all gaming platforms licensed in Lagos, regardless of whether the player resides in the state. According to the public notice i

South Africans who access unlicensed offshore gambling websites face serious legal and financial consequences, including the possible loss of both their deposits and any winnings.   Financial institutions are obligated under the law to seize funds connected to illegal betting activities, meaning users may never recover money earned through these platforms.   According to the Internet Service Providers’ Association (ISPA), national legislation forbids residents from participat

The Dutch gambling authority, Kansspelautoriteit (KSA), has issued a penalty order against Polymarket, instructing the cryptocurrency-based prediction platform to halt its operations in the Netherlands or face fines that could reach as much as €840,000 ($994,147).   The regulator determined that the platform had violated national regulations by making its services available to Dutch users without the required gambling licence.   According to the KSA, the company responsible f

The Isle of Man Gambling Supervision Commission has issued a warning about the increasing risks associated with the use of cryptocurrencies in the gambling industry, pointing to growing concerns over financial crime, including money laundering and sanctions evasion.   The regulator also stressed the need for closer international cooperation and stronger enforcement measures to address these emerging threats.   The Commission highlighted the expanding role of virtual assets wi

Ben Cove, chief marketing officer of Logifuture, has urged policymakers to adopt a pragmatic approach as tensions continue between state and federal gambling authorities in Nigeria. The country’s regulatory trajectory remains unsettled amid ongoing jurisdictional disputes between different layers of government. In December, Nigerian President Bola Ahmed Tinubu rejected the proposed Central Gaming Bill, legislation that would have shifted oversight of the gambling sector to a

In a step that has ignited widespread debate across Tunisia, 23 members of parliament have introduced a legislative proposal aimed at tightening restrictions on gambling and games of chance, with a particular focus on electronic gambling.   The draft law has been referred to the General Legislation Committee, where it will be examined in detail to assess its legal implications and its potential impact on Tunisian society.   For years, online gambling remained a relatively lim

The Isle of Man Gambling Supervision Commission has released a public enforcement statement detailing serious regulatory violations committed by Shelgeyr Limited, the company behind the Maverick Games brand. The action followed a comprehensive regulatory inspection that uncovered numerous breaches of the Gambling Anti Money Laundering and Countering the Financing of Terrorism Code 2019. Investigators determined that the operator did not sustain adequate safeguards against fin