MGCB Cracks Down on Bovada in Michigan
The Michigan Gaming Control Board has issued a solid warning to Bovada to stop accepting bets from customers in the state.
MGCB has given Bovada 14 days to exit its jurisdiction or face legal consequences.
LISTEN TO THIS ARTICLE:In the cease and desist letter sent to Bovada's parent company, Harp Media B.V., the regulator outlined specific violations of Michigan gaming laws violated by Bovada as it continues to operate in the jurisdiction, including the Lawful Internet Gaming Act, the Michigan Gaming Control and Revenue Act, and the Michigan Penal Code.
Furthermore, the MGCB gave the company a 14-day ultimatum to comply with the directive or face legal consequences.
The proliferation of online gaming platforms has led to increased scrutiny from regulatory bodies worldwide, and this action serves as a stern warning to overseas companies that flouting local regulations will not be tolerated. The MGCB remains steadfast in its commitment to upholding Michigan's laws and regulations and will continue to actively monitor and enforce compliance within the state to ensure a fair and secure gaming environment for all.
Despite previously exiting markets like Nevada and New York, Bovada continues to bypass local regulations and offer its services to a significant portion of the US as an unlicensed, offshore sportsbook.
Forcing Bovada's exit would not be the first move carried out by the MGCB to flush out unlicensed gambling from its territory. Last year, the regulator cracked on several operators, including sweepstakes casinos Golden Hearts and VGW, as well as fantasy sports operators like PrizePicks.
More Regulation News
Michigan’s April Online Gambling Revenue
Meanwhile, Michigan has reported generating a combined iGaming and sports betting revenue of $234.8 million last month.
April's total marks a 20% increase compared to the same month last year when the state recorded revenues of $195.7 million. However, it declined by 8.7% to March 2024's $257.1 million.
While iGaming accounted for $192.9 million of the total revenue, sports betting contributed $41.9 million.
RELATED TOPICS: Regulation
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