The Gaming Control Authority under the Ministry of Finance of the Republic of Lithuania has announced that it has blocked further online gambling websites that do not adhere to new regulations introduced in the country earlier this year. In January, the Lithuanian regulator pledged to take “strict legal action” against operators that organise remote gambling illegally. The Gaming Control Authority has followed up on this by blocking a number of companies that have been operating in the country illegally, with the regulator naming such firms in a list on its website. In a statement, the Gaming Control Authority said that…

South China Morning Post – Hong Kong’s multibillion-dollar illegal gambling habit has been built on sports betting but increasingly sophisticated online bookmakers – operating from servers around the region – are now offering punters a dizzying array of betting options. Bookmaking experts point to sites like Citibet, which offer odds on foreign exchange movement, commodity prices and on how stock markets will move. “The world’s troubled financial system has often been put down to so-called ‘casino banking’ and the stock markets likened to casinos. Well here it is for real: illegal bookmakers offering bets on those very markets,” said an…