Month: June 2022
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Colorado Gaming Regulators Fine WorldPay $130,000 for Operating Without a License
Colorado gaming regulators are not messing around regarding sports betting service options. The state’s Limited Gaming Control Commission recently approved a $130,000 fine against WorldPay due to the company operating in April without a license. The Colorado Division of Gaming Enforcement issued the fine after finding that WorldPay processed transactions from April 3-15 that amounted…
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Colorado Auditors Call Out Gaming Regulators Regarding Temporary Betting Licensing Distribution
On Monday, the Colorado Office of the State Auditor released an audit analyzing the state’s first year of sports betting. The report also covered how the Division of Gaming regulated the new industry. The report indicates that the Division was heavy-handed with temporary betting licensing, and the state may be losing out on tax revenue…