Gambling Clear News
Troubled igaming operator Genesis Global has laid off all of its employees, telling them it may not be able to pay their December wages, and begun insolvency proceedings, just two days before Christmas. As reported by the Times of Malta, Genesis Global sent a letter to all of its 140 employees on 23 December, informing
Sports betting content provider ParlayBay has secured a further €1.0m (£875,292/$1.1m) in funds during a recent interim financing round. ParlayBay said it would use the money to support its commercial growth plans in 2023 – including the launch of its ParlayPowers promotional tools – and to continue to expand its network of clients around the
The Köln Regional Court has confirmed that a player has been reimbursed for €14,000 (£12,195/$14,845) after placing bets with unlicensed sports betting operator Brivio Limited. The plaintiff had participated in sports betting on Vulcanvegas.com between 2020 and 2022. This website is operated by Brivio Limited, which is based in Cyprus. The plaintiff’s losses were estimated
Swedish gaming operators generated a 7% year-on-year rise in revenue during the third quarter, thanks to record online gambling figures. Preliminary figures from Spelinspektionen showed gaming companies licensed in Sweden brought in combined revenue of SEK 6.77bn ($656.6m/€616.1m/£537.8m) during the three months to 30 September 2022. This was an increase of 7.2% compared to the
