LeoVegas AB financials hit by coronavirus and unlicensed competition_1
Swedish iGaming operator LeoVegas AB has released its financial results for the third quarter and blamed the relatively static outcome on the coronavirus pandemic and the recent influx of unlicensed online casino operators into its home market.
The Stockholm-headquartered firm used an official press release to detail that its aggregated third-quarter net revenues rose by just 1% year-on-year to €88.9 million ($105 million) despite recording a comparable 2% boost in local currencies. The operator moreover explained that its earnings before interest…...
Seals With Clubs bitcoin poker site founder Micon to be sentenced_1
Professional poker player and bitcoin poker site owner, Bryan Micon is expected to be sentenced in Las Vegas today for operating an unlicensed poker site in the online regulated state of Nevada. After accepting a plea bargain in late June and entering a guilty plea in July, Micon should avoid prison time in what authorities there are calling a “first of its kind” case.
A $25,000 fine and surrender of items seized when his Las Vegas home was raided in February which include cash, BTC, and electronic equipment, along with probation are the expected sentence. For a felony charge of operating the bitcoin powered Seals With Clubs poker site without a license Micon could have been sentenced to as long as 10 years in prison and levied a $50,000 fine. According to reports in…...
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