Financial News In The Gambling | Page №5

Playtech, the gambling software development company has partnered up with Northstar bets to launch its services in Ontario.

After resuming services post lowdown closures, South Korean casinos are forced to temporarily close due to surging Covid-19 cases linked with their properties. As of last week, South Korea had 1,556 new cases in just 24 hours, and extreme measures are being taken in hopes to knock the numbers back down. Social distancing, mask mandates, and vaccine requirements are expected to be amplified by the end of this August. The Greater Seoul area is at the moment under Level 4 social distancing rules, and an additional ban on private gatherings of three or more people after 6 p.m. is in place. At other times, private gatherings of five or more people are not allowed.

Power corrupts the mind and those in power often get a free pass for their nefarious actions. Former Wynn Resorts CEO, Steve Wynn, almost managed to fly under the radar after several anonymous reports of sexual misconduct and harassment were filed against him. The case was dismissed, and the victims were rejected basic justice. However, U.S. District Judge Andrew Gordon stepped in to revive the faded lawsuit.

Russia has a backward and forward history when it comes to gambling laws. Online casinos have been outlawed in Russia since 2017 due to an overwhelming amount of unlicensed operators. Internet service providers blocked gambling-related websites in the country, and the government shared plans of using the latest technologies to ensure that players have zero access to online casinos. As this went on, another major issue surfaced among Russia’s banks - payment pocketing from illegal gambling markets.