Online Lotto News in Sweden - Latest News, Top Stories & Analysis March 2021

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The UK Gambling Commission (UKGC), the country’s gaming regulator, said that it was actively exploring the idea of a £2 online slots-cap. On this news some of the UK's largest betting companies saw their shares take a hammering.

The Balkan State recently charged a Bulgarian gambling czar known as “The Skull” with organizing a crime group, extortion, and attempted bribery. He was charged in absentia, as it appears he fled the country. But just today, 2nd Feb, he was detained in the United Arab Emirates under a European Arrest warrant.

In 2005, under the Gambling Act, the UK Gambling Commission (UKGC) was born. It's purpose is to regulate commercial gambling in Great Britain. Being sponsored by the Department for Digital, Culture, Media & Sport (DCMS) and it sets out the licensing conditions and codes of practice.

Lottery industries for countries are a ballooning industry that offers extravagant profits annually. Similarly, the Indian Lottery Industry has seen its days of glory in the past. Up until July 2017, the goods and service tax (GST) came into effect, prompting a decline in the lottery business. Indian Lottery distributors are in an uproar against this governmental bill, urging the authorities to settle for a lesser rate.