SBC News

Wynn Las Vegas forfeits $130m for unlicensed money transmitting allegations

Las Vegas casino Wynn Las Vegas (WLV), a subsidiary of Wynn Resorts, has forfeited $130m as part of a non-prosecution agreement with the US Department of Justice and the US Attorney’s Office for the Southern District of California over unlicensed money transmitting allegations.

According to a US Attorney’s Office statement, WLV forfeited $130,131,645 to “settle criminal allegations that it conspired with unlicensed money transmitting businesses worldwide to transfer funds for the financial benefit of the casino”.

It is also believed to be the largest forfeiture by a casino based on admissions of criminal wrongdoing.

US Attorney Tara McGrath commented: “Casinos, like all businesses, will be held to account when they allow customers to evade US laws for the sake of profit.

“Federal oversight seeks to prevent illegal funds from tainting legitimate businesses, ensuring that casinos offer a clean, thriving, and safe entertainment option.”

Through the non-prosecution agreement, which a..

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Sweden nets peak online gambling GGR ahead of compliance changes

Sweden has recorded total gross gaming revenues (GGR) of SEK 6.89bn (€602m) during Q2 2024.

The total GGR figure was revealed by the Gambling Inspectorate Spelinspektionen’s monitoring of gambling activities for Swedish licensed land-based and online businesses.

Q2’s GGR of SEK 6.89bn (€602m) surpasses the SEK6.71bn (€586.8m) recorded in Q2 2023 and is 3.3% higher than Q1 2024’s revenue of SEK6.67bn (€583.1m).

The inspectorate’s data reveals that Sweden has recorded its highest Q2 wagering activities since records began in 2019, corresponding with Sweden relaunching its gambling marketplace.

Online gambling, including Svenska Spel revenues, remains the largest revenue segment, generating a 9.2% increase in GGR to SEK 4.57bn (€399.4m). The outcome surpasses all previous quarterly results tracked by Spelinspektionen.

GGR figures recorded by Sweden’s national lottery declined by 7.5% to SEK1.29bn (€112.8m), marking its lowest quarter since Q1 2020.

Further segments saw state-owned C..

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Netherlands renews gambling addiction e-learning module for healthcare professionals

Kansspelautoriteit, the Dutch gaming authority, has announced that GGZ Ecademy is organising a problem gambling webinar as part of the renewed free e-learning module ‘Gambling Problems’ launch.

GGZ Ecademy’s webinar is being funded by the Addiction Prevention Fund (VPF) and is in collaboration with Verslavingskunde Nederland (Addiction Studies Netherlands), the Trimbos Institute and the addiction agency Jellinek.

When the Dutch market opened up for online gambling, a digital training offer was developed by Jellinek at the request of the Ministry of Justice and Security.

The training was designed to inform professionals – such as doctors, POH GGZ, psychologists and debt counsellors – about addiction problems in online gambling so they could identify gambling addiction better and earlier.

The training has since been further developed with the e-learning module Gambling Problems updated to include case studies on young adults and gambling, making gambling a topic of discussion in ge..

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EGBA: Finland’s online gambling legislation needs fine-tuning

The European Gaming and Betting Association’s Secretary General Maarten Haijer has said Finland’s online gambling legislation proposal is “heading in the right direction” but it needs “some fine-tuning”.

Finland’s Ministry of Interior revealed a legislative project in October last year that will introduce a licensing system for gambling in the country, moving away from the monopoly system.

The licence system will cover online casino and online sports betting, while also taking away the monopoly status of state-owned operator Veikkaus in the market.

At the time, the EGBA showed their support for the changes. However, while reaffirming the association’s backing in their latest announcement, Haijer also highlighted some areas of the proposal that need adjustments.

Specifically, the Secretary General spotlighted the proposed marketing restrictions and the proposed blanket ban on bonuses within the legislation.

“While Finland’s proposal is heading in the right direction, some areas req..

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Sweepstakes sector launches Social and Promotional Gaming Association

The sweepstakes casino sector’s continued growth has led stakeholders to launch the Social and Promotional Gaming Association, advocating for responsible social casino gaming.

Acting as a trade body for the sector, the SPGA has brought together companies within the social casino space to uphold player protection and create a “safe, legal and engaging” social gaming environment.

“The formation of the SPGA is a critical step toward establishing a clear and cohesive voice for the social sweepstakes industry,” said Seth Schorr, CEO at FSG Digital Inc.

“By creating this association, we are committed to helping regulators and policymakers understand how our industry’s products work and how they comply with the appropriate state and federal laws.”

Sweepstake casinos allow players to access free-to-play casinos that often operate using in-game currencies, with players not always needing to make any deposits while still being able to gain prizes.

The sector has faced much scrutiny in r..

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BGC new CEO Grainne Hurst aims for stability, logic and diversity to govern UK gambling

The Betting and Gaming Council (BGC) begins a new leadership era by welcoming Grainne Hurst as the CEO of the trade and standards body of UK gambling.

Announced in April, Hurst succeeds Michael Dugher as CEO, who, as part of a leadership restructure, chose to take on the role of Chairman.

The BGC describes Hurst as a ‘standout leader’ for UK gambling, possessing unparalleled experience and knowledge in the public affairs and political complexities of the industry.

Prior to the appointment, Hurst served as the Group Corporate Affairs Director of the FTSE100 gambling group Entain Plc. During her decade-long tenure, Hurst launched and oversaw the development of the Entain Foundation, a multi-million-pound sustainability initiative of the FTSE business, which is committed to raising £100m for ESG initiatives in the UK, Europe, North America, and Africa.

Additionally, Hurst led the expansion of the industry DEI organisation Global Gaming Women, where she is a board member. She currently..

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Bally’s lands three-year partnership with EPIC Global Solutions

EPIC Global Solutions is partnering with one of America’s largest entertainment and gaming companies.

The London-based gambling harm consultancy has secured a three-year partnership with Bally’s to promote responsible gambling and create a safe and fair environment for players. The two entities will also work together to impact communities.

“Bally’s and EPIC Global Solutions are committed to setting new standards for responsible gaming with a three-year commitment,” said Bally’s CEO Robeson Reeves. “Together, we are creating safer and more enjoyable gaming environments through educating multiple partners in the gaming ecosystem, harnessing the power of EPIC’s lived experience approach in both the U.K. and the U.S.”

As part of the partnership, employees at Bally’s will be provided with training from EPIC that will help staff on casino floors and in customer service roles identify and protect customers who are impacted by gambling harm. Bally’s and EPIC will also create original socia..

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Ofcom praises Twitch for accuracy of adult content safeguards

UK broadcasting regulator Ofcom has recognised an improvement in Twitch’s accuracy in labelling mature content after reviewing the streaming platform’s classification guidelines.

In June 2023, Twitch updated its content classification guidelines due to a rise in content aimed at mature audiences, including gambling streams.

The platform now requires streamers to apply content classification labels that indicate the presence of mature themes in their streams.

Twitch provided streamers with six specific labels for mature content: mature-rated games, sexual themes, drugs, intoxication or excessive tobacco use, violent and graphic depictions, significant profanity or vulgarity, and gambling.

As the UK’s regulator for video-sharing platforms and online safety, Ofcom evaluated Twitch’s rule changes and published its findings earlier this month.

The 66-page report found that content labelling improved “significantly” after the introduction of CCLs, but noted that viewing behaviour and th..

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GAMSTOP hits half-million registrations ahead of National Self-Exclusion Day

GAMSTOP has reached the milestone of recording more than 500,000 registrations for its self-exclusion scheme for online gambling.

This morning, GAMSTOP, which operates the national self-exclusion scheme across all UK-licensed online gambling operators, stated that “half a million vulnerable consumers have registered with GAMSTOP since 2018.”

The milestone follows a record-breaking April, which saw GAMSTOP register 8,686 users, marking its highest-ever volume for self-exclusion.

At present, GAMSTOP has prevented more than 440,000 users from engaging with online gambling operators, half of whom have chosen the longest exclusion period of up to five years.

The announcement that half a million consumers have registered to self-exclude comes ahead of the third annual Self-Exclusion Day on September 12th, when clubs from all divisions in the football pyramid will come together to raise awareness about GAMSTOP among their supporters.

Self-exclusion messaging will be displayed at EFL foot..

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Steve Birch, Sky Bet: Sustainability is no hurdle for UK growth

2024 sees the UK gambling sector stand at a point of inflection, marked by intense competition and yet-to-be-settled regulatory proceedings.

In an exclusive interview for the SBC Summit, Steve Birch, Chief Commercial Officer of Sky Betting & Gaming (Sky Bet), underscores a proactive approach to mitigating challenges, based on customer trust, sustainability, and compliance-first innovations.

SBC: Hi Steve, thanks for this interview on the status of UK gambling. From your perspective, what elements and dynamics are at play in the UK market in 2024?

Steve Birch (CCO @ Sky Betting and Gaming): The market is as competitive as it has ever been, with all the big operators upping their game in terms of what they offer. Across the sector, we are also generally seeing more focus on the return on investment of campaigns and product developments. This comes at a time when operators are rightly continuing to focus more on looking after customers. It’s a fascinating time to be working in the UK ..

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