Offshore gaming – FairOdds Network

April 10, 2025

Techno Offshore faces €1.2 million Dutch fine over illegal activity

Dutch regulator Kansspelautoriteit (KSA) has issued a €1.2 million (£1 million/$1.3 million) fine to Techno Offshore, the company behind the Nolimitbet.com and Simplecasino.com brands, for illegal activities in the country.

KSA said Techno Offshore was illegally offering games of chance to Dutch players through the websites without the relevant licence. Operators can only offer online gambling in the Netherlands after securing approval from the regulator.

Detailing the charge yesterday (9 April), KSA said Techno Offshore did not take the sufficient measures to block Dutch players. The regulator also flagged the operator for not checking players’ ages upon registering and for running prohibited features including autoplay.

Setting out the charge in full, KSA said it first investigated Techno Offshore in April last year. It established the operator was based in the British Virgin Islands and hold a licence from the Kahnawake Gaming Commission for the two websites.

At the time, KSA sa..

March 13, 2025

Tipico hits back at ‘secret agreement’ media claims

German operator Tipico has rejected reports that a “secret agreement” on raising player deposit limits is in place between federal states and operators in the market. It has agreed to investigate an instance where a player was allegedly able to increase their deposit limit to €10,000 within seconds.

Joint research conducted by ARD and Die Zeit and Investigate Europe, published on 6 March, reported that gambling operators have benefitted from a “secret agreement” with the federal states.

The report, covered by ARD’s Monitor programme, claimed the state of Hesse concluded a settlement with sports betting providers in 2022 before the Darmstadt Administrative Court.

As per that reported settlement, sports betting operators can use a credit bureau to check a player’s financial standing, if they seek to increase their monthly betting deposit limit past €1,000. German private credit bureau Shufa is the credit agency referenced in the Monitor report.

However, the issue raised by Tipico, ..

February 5, 2025

After IPI disaster, has CNMI abandoned land-based casino hopes?

The Commonwealth of the Northern Mariana Islands (CNMI) is drafting legislation that would dissolve its gaming commission. The Pacific island group is looking at igaming as a next step.

On 4 February, CNMI representative Ralph N Yumul told Marianas Variety that a house committee is reviewing the 2014 statutes which legalised gaming and established the Commonwealth Casino Commission (CCC).

If enacted, the move would transfer the regulator’s enforcement powers to the lottery commission. At that point, Yamul said, the CCC “will not be in existence anymore”.

Committee members are also looking at online gaming and “marketing it out to the world”, Yamul said. The CCC “can’t do its job anymore”, he added, “because it’s tied with the only casino licensee in the CNMI.”

And its experience with that licensee, Imperial Pacific International (IPI), has been nothing short of disastrous.

Ten years ago, IPI opened a temporary casino, called Best Sunshine Live, inside a shopping mall on Saipan, th..

January 24, 2025

Vietnam police uncover billion-dollar money laundering ring, illegal wagering op

Vietnam police have announced arrests in a vast money laundering case and an illegal sports betting operation.

Vietnam law enforcement have announced the shutdown of a billion-dollar money laundering operation linked to online gambling. It followed the bust of an illegal sports-betting ring that reaped millions.

On 23 January, AFP reports, officers in Danang arrested five people in the money laundering case, which brought VND30 billion (£960.9 million/€1.14 billion/$1.2 billion) in tainted funds into Vietnam.

Between 2022 and 2024, the sophisticated gang, which included bank employees, used fake IDs, business registration certificates and bank seals to establish 187 phony businesses holding 600 corporate bank accounts.

Through the accounts, they washed money that originated in offshore gambling and fraud. Police called it the biggest money laundering case in the city’s history.

Black market sports betting takedown

The news comes on the heels of another gambling-related raid. On 2..

December 3, 2024

Experts: Legal obstacles stifle Vietnam sports betting

Vietnamese sports bettors gamble billions of dollars a year, but most of the revenue goes to overseas operators. Experts say the market is ripe for development if the government amends a 2017 decree.

Vietnam could grow a lucrative sports betting industry, given more favourable regulations. That was the consensus of business and financial experts at a 28 November seminar, hosted by The Investor and Vietnam’s Association of Foreign Invested Enterprises (VAFIE).

Decree 6: Cumbersome, unclear and ineffective

According to the Tuoi Tre News, the conversation centred on Decree 6, implemented in Vietnam in 2017. The legislation ostensibly opened the door to legal betting on horse races, greyhound races and international football. It also laid out a framework for sports betting operators.

But speakers at the Hanoi seminar said the rules are vague, prohibitive and out of step with the times.

For gamblers, Decree 6 limits legal gambling to 20 pilot jurisdictions in Vietnam and caps bets at ..

November 21, 2024

Could a 1% consumption tax topple Peru’s betting ambitions?

The reintroduction of a betting consumption tax looms over Peru, raising concerns that double taxation and a rise in black market activity could dampen growth.

It has been a huge year for gambling in Peru and industry commentators expect, thanks to recent online regulation, that it could become the third largest online betting market in South America. An amended Law No 31557 to regulate online sports betting and igaming in the country came into effect on 9 February, after initially being signed off by President Pedro Castillo in 2022.

The country’s gambling regulator, the Ministry of Foreign Trade and Tourism (Mincetur), started taking online licence applications in February and the market’s potential encouraged top tier operators such as Betsson, Rush Street Interactive and Stake to apply. By 21 March, 145 applications had been received.

The regulatory framework set out in Law No 31557 has been described as favourable for operators as it features a respectable 12% tax on gross gami..

November 12, 2024

ANJL: Brazil black market will grow if betting law is deemed unconstitutional

The National Association of Games and Lotteries (ANJL) has said Brazil's black market activity would increase if the Supreme Court deems its betting law unconstitutional.

On Monday (11 November), the ANJL shared its thoughts at the ongoing Federal Supreme Court (STF) hearing which will determine whether Law No 14,790/2023 for legalised sports betting in Brazil is considered unconstitutional.

The two-day public hearing this week is investigating the impacts of betting in Brazil, with a number of big industry names speaking at the event. It was initiated after Brazil’s third biggest trade union, the National Confederation of Trade in Goods, Services and Tourism (CNC), requested the betting law be declared unconstitutional.

The union filed an ADI (Ação Direta de Inconstitucionalidade), which is a legal action in Brazil that seeks to uphold a law or act that goes against the constitution.

The rapporteur of ADI 7721 is minister Luis Fux, who said on Monday the STF must assess t..

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Tag: Offshore gaming