Archive for March, 2017

Indian Law Commission Proposes Legalization of Sports Betting
March 20th, 2017 By April Bergman

Indian Law Commission Proposes Legalization of Sports Betting

The Law Commission of India is considering the legalization of sports betting and casino gambling activities in the subcontinent. The Law Commission, the chief legal panel in the country, was tasked by the Indian Supreme Court with investigating “all legal aspects of betting in sports:. The decision to investigate legalization and regulation of sports betting […]

Teddy Sagi Sells 4.1% of Playtech After 12% Sell-Off in November 2016
March 18th, 2017 By April Bergman

Teddy Sagi Sells 4.1% of Playtech After 12% Sell-Off in November 2016

Playtech co-founder Teddy Sagi sold off shares of the online casino software giant for the second time in four months. The Playtech founder is thought to be worth about $5 billion, but he was looking for cash to invest in coworking real estate in central London. Mr. Sagi sold 4.1% of the company’s stock, after […]

Tabcorp Receives a Record $45 Million Fine from the Australian Federal Court
March 13th, 2017 By April Bergman

Tabcorp Receives a Record $45 Million Fine from the Australian Federal Court

An Australian Federal Court handed down a record fine for Tabcorp for its laxity in complying with anti-money laundering and counter-terrorism financing obligations. Under Australian laws, a gaming company like Tabcorp is required to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act. Instead, the New South Wales company and financial regulator AUSTRAC found that […]

Bitcoin Creator Craig Wright Is Filing over 70 Blockchain Patents in the United Kingdom
March 3rd, 2017 By April Bergman

Bitcoin Creator Craig Wright Is Filing over 70 Blockchain Patents in the United Kingdom

Self-proclaimed Bitcoin creator Craig Wright (pictured right) claims he is partnering with Calvin Ayre to file parents relating to the digital currency which revolutionized anonymous online payments. Craig Wright’s patents also target the underlying technology behind Bitcoin” Blockchain. For those who may not know, Craig Wright is the Australian computer scientist who claimed in 2016 […]

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