Bet365 Reacts To Spotlight Allegations Of Unlawful Online Gambling (update)

Ripples from accusations aimed at Paysafe by short seller trigger a response from one of the largest firms in the online gambling industry

Accusations of supporting illegal online gambling conduct aimed at Paysafe earlier this week by alleged Paysafe short-seller, Spotlight Research, have triggered a defensive response from one of the largest operators in the international online gambling industry, Bet365.
Part of the Spotlight allegations against Paysafe, an online payments group offering well known online payment vehicles like Neteller and Skrill, involved Bet365 and the Chinese market, and Bet 365 has responded by claiming it has no physical presence in China and is not breaking Chinese laws.
Describing the Spotlight claims as "self-serving, misleading and inaccurate", Bet 365 explained that as a company it takes its legal and regulatory obligations very seriously; is licensed by appropriate regulatory authorities across a range of jurisdictions; and is compliant with all relevant legislation.
"There is no legislation which expressly prohibits the supply of remote gambling services into China by operators who are based outside China," the Bet365 statement observed. "Bet365 has no people, assets or infrastructure in China and does not engage any agents, aggregators or intermediaries, for any purpose, in China.
"In the view of Bet365, and its lawyers, Chinese law does not extend to the provision of services into China by gambling operators and service providers who themselves have no nexus with the territory.
"Accordingly, Bet365 considers Spotlight Research's analysis of the relevant legislation and statements surrounding the alleged illegality of the provision of remote gambling services into China remotely to be self-serving, misleading and inaccurate."

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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