#Flamingo Casino Club

Bitcoinist

Web3 and Metaverse Gaming Could Open New Doors For Online Casinos In New Jersey

As online gambling and gaming evolve, more players are turning towards Web3 metaverse gaming as it offers incredibly immersive experiences. Therefore, casinos, including New Jersey online casinos, must adapt to this new technology to grow with the changing times and remain in business. Online gambling became legal in New Jersey with the approval of…
Crypto
Web3 and Metaverse Gaming Could Open New Doors For Online Casinos In New Jersey
Casino News Daily

Securities regulators in four US states have issued cease and desist orders to Slotie Casino

Securities regulators in four US states have dropped the hammer on a securitized nonfungible token operator. Elia, an iGaming and casino software company in the republic of Georgia has been served with cease and desist orders by state securities regulators from Texas, New Jersey, Kentucky, and Alabama. The orders affected the company's Slotie…
Law
Wild Casino
Forbes

Online Casino Slotie Faces Regulator Deadline Over Questionable NFT Sales

Casinos typically abhor clocks, but there is one ticking for Slotie. The online casino headquartered in the former Soviet republic of Georgia will run out of time as soon as Thursday to respond to four U.S. states that effectively booted it out of the country last month, claiming that its sales of nonfungible tokens (NFTs) to finance an…
Crypto
CoinGeek

US regulators crack down on Slotie metaverse casino

Four U.S. state regulators have filed actions against Slotie, a virtual casino they allege lured investors into an illegal gambling operation built in the metaverse. According to Texas, Kentucky, Alabama, and New Jersey regulators, Slotie sold over 10000 NFTs to investors in the U.S. and beyond. These NFTs, it claimed, would entitle investors to a…
Innovation
US regulators crack down on Slotie metaverse casino
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Casino News Daily

Securities agents in five states have turned of the lights at an NFT casino

Securities regulators in Texas and Alabama seem to be on a roll ordering so-called metaverse casinos to stop offering players a piece of the casino action, and this time they are joined by regulators in Kentucky, Wisconsin, and New Jersey as well. The so-called Flamingo Casino Club is under the microscope and has been issued emergency cease and…
Crypto
Securities agents in five states have turned of the lights at an NFT casino
World Casino News

Investors warned to be wary of Flamingo Casino Club

In the United States and regulators in five states reportedly filed an emergency cease-and-desist order earlier this week against a metaverse enterprise they claim'is simply a high-tech scam' with illicit ties to Russia. According to a report from NBCNews.com, authorities in Wisconsin, Texas, New Jersey, Alabama and Kentucky simultaneously ordered…
Finance
Investors warned to be wary of Flamingo Casino Club
Markets Insider

5 States Allege Metaverse Casino Run by 'Russian Scammers'

Five states have accused a metaverse company called Flamingo Casino Club of concealing alleged ties to Russia while promoting non-fungible token (NFT) scams to US residents. Securities regulators in Texas, Wisconsin, Kentucky, New Jersey and Alabama filed emergency orders Wednesday requiring the digital casino to cease its NFT business. The…
Trust and Safety
5 States Allege Metaverse Casino Run by 'Russian Scammers'
Yogonet

Five US states order to cease NFTs of metaverse casino with alleged ties to Russia that claims affiliation with Flamingo

U.S. state regulators of Texas, Wisconsin, Kentucky, New Jersey and Alabama simultaneously filed emergency orders Wednesday against a virtual casino they claim has ties to Russia and that has been operating in the metaverse, Flamingo Casino Club, which markets an alleged affiliation with Caesars' Flamingo Las Vegas Hotel & Casino. This follows a…
Innovation
Five US states order to cease NFTs of metaverse casino with alleged ties to Russia that claims affiliation with Flamingo
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Metaverse Casino Hit With Multi-State Cease and Desist

A metaverse casino that allegedly has ties to Russia has been hit with legal action from multiple US authorities. Flamingo Casino Club was struck with an emergency cease and desist order on Wednesday from five states. The state securities boards of Alabama, New Jersey, Kentucky, Wisconsin, and Texas filed the 22-page order, which outlines the…
Law
Metaverse Casino Hit With Multi-State Cease and Desist
Bitcoinist

Metaverse Casino Ordered By Five State Regulators To Shut Down Immediately

Five US states issued simultaneous cease-and-desist orders against an allegedly Russian-affiliated metaverse casino on Wednesday. Five state securities regulators issued emergency orders to the Flamingo Casino Club, a virtual casino, to immediately stop selling non-fungible tokens. The simultaneous filings by agencies in Texas, Wisconsin, Kentucky,…
Law
Metaverse Casino Ordered By Five State Regulators To Shut Down Immediately
Crypto Briefing

Five States Issue Cease-and-Desist to Russian Metaverse Casino

State securities regulators in Texas, Wisconsin, Kentucky, New Jersey, and Alabama have issued an emergency cease-and-desist order against the Russian Metaverse gambling platform Flamingo Casino Club for concealing information about itself, including the fact that it operates out of Russia. Regulators in five U.S. states have issued a against the…
Innovation
Five States Issue Cease-and-Desist to Russian Metaverse Casino
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Wisconsin DFI warns against alleged Russian-based NFT scam

MADISON, Wis. - The Wisconsin Department of Financial Institutions is warning of a scam involving a Russian-based organization. The organization, Flamingo Casino Club, is selling nonfungible tokens, or NFTs, that they claim to be tied to a digital casino. The DFI and regulators from four other states allege that Flamingo Casino Club is lying about…
Incidents
Wisconsin DFI warns against alleged Russian-based NFT scam
CNBC

Five U.S. states order halt to NFT sales by metaverse casino with alleged Russia ties

Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and even gamble. State law enforcement officials say Flamingo Casino Club's operators failed…
Innovation
Five U.S. states order halt to NFT sales by metaverse casino with alleged Russia ties
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How NFTs are changing the gambling industry: Flamingo Casino Club case

As the global pandemic has forced regular gaming-enthusiasts to move online, new opportunities for the virtual, NFT-powered future have been created. Only recently, the company Evolution Gaming started using CryptoPunks, the famous NFT collection, as slot machine prizes. According to their press release, CryptoPunks will be used for their "NFT…
Industry
How NFTs are changing the gambling industry: Flamingo Casino Club case
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