Page 45 - Gaming Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

  On the 19th September, 2017, in a press conference held at Kumasi in the Ashanti region the Founder and President of Concerned Voters Movement (CVM) Mr. Razak Kojo Opoku who is now the PRO of NLA, in a 10 page press release sought to point out the positives the Nana Addo’s government will benefit in terms of job creation from the legalisation of banker to banker operations which was a key campaign message in the 2016 elections ie jobs for the youth. He posited emphatically at paragraph 17 of his press release that, “ Justification for the Legalization of Banker-to-Banker Lottery Operat...

Swedish police warn gambling under “highest threat” from money laundering 21st April 2021 | By Marese O'Hagan The Swedish police has warned that gambling is at its “highest threat level” of money laundering in the country’s National Risk Assessment of Money Laundering and Terrorist Financing report. The report, which was compiled from findings by Sweden’s Coordination Function Against Money Laundering and Terrorist Financing group, organised by the police authority, said gambling businesses are often unknowingly “at risk” of money laundering exploitation. Gambling at state-own...

1 day ago A handful of companies, PlayGames 24X7, Junglee Games, Head Digital Works and Gameskraft, last week moved the Kerala High Court challenging the state government’s ban on online rummy involving stakes. While the companies had sought interim relief seeking a stay on the notification, the court denied this and instead scheduled the next hearing for May 20. LiveLaw first reported the order. PlayGames24X7 operates RummyCircle, Junglee Games operates Junglee Rummy, Head Digital Works operates rummy game A23, and Gameskraft runs RummyCulture. In the hearing last week, the companies argue...

The Oxford Dictionary defines the word ‘gambling’ as “the activity of playing games of chance for money and of betting on horses”. It’s become a cliché to refer to practices that have been around for hundreds of years as being ‘as old as time’, but in the case of gambling, it’s pretty much the truth. Historians have claimed that the practice of finding a consideration, taking a risk and then awarding a prize dates back to the old stone age. The first six-sided dice was found in Mesopotamia around the year 3,000 BC, which was based on the old astragali games which are thousand...

There are different rules regarding profits from public gaming machines and club machines. Public gaming machines are required by law to invest a percentage of the income back into the community. The clubs don’t have to, but many do. Councillor Bryan Ferguson opened the debate at the October 2020 district council meeting, saying the council’s sinking lid policy on gaming machines was driving money out of the town. “So the whole community loses anyway,” Ferguson said. “The money that the majority of the people spend on gambling in our district is their own money, full stop. “An...