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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
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
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Gambling News

Four US States Issue Cease-and-Desist Orders to Metaverse Casino Slotie

Four US states, Texas, New Jersey, Kentucky, and Alabama, have doubled down on Slotie, a casino operating in the Metaverse, issuing cease-and-desist orders due to illegal gambling activities. CNBC reported that Texas, New Jersey, Kentucky, and Alabama all ordered the virtual casino Slotie to immediately stop the sale of its non-fungible tokens…
Innovation
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
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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
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
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
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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
Online Poker Report

Shutting Down Crypto Casinos Like Playing Whack-A-Mole

Earlier last month, state securities regulators in Alabama and Texas issued cease-and-desist orders against a Cyprus -based company that's been hawking non-fungible tokens (NFTs). It was doing so to operate crypto casinos in the metaverse. The enforcement actions are both the first of their kind and likely not the last. In a particularly gray…
Crypto
Shutting Down Crypto Casinos Like Playing Whack-A-Mole
Times Of Casino

Online Casino Stops NFT Sale Following a Regulatory Issue

NFTs have insinuated nearly every aspect of our lives, from arts and gaming to intellectual rights. However, there are no legal guidelines to instruct what can and cannot be NFTs, and some take advantage of such loopholes to evade legal limitations. One such incident caught the eyes of the state securities regulators in the United States last week.…
Law
Online Casino Stops NFT Sale Following a Regulatory Issue
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Times Of Casino

State Regulator Orders Online Casino to Stop Selling NFTs in Texas

The states' war with DeFi continues as one online casino was accused of security fraud. The state regulators in Texas and Alabama ordered Sand Vegas Casino Club to shut its NFT business. The casino is reported to have been selling securities illegally under the guise of NFTs. The casino operators went off the grid following this accusation by the…
Law
State Regulator Orders Online Casino to Stop Selling NFTs in Texas
Vegas Slots Online

Regulators Order Virtual Casino Firm to Stop Selling NFTs

Securities regulators in Alabama and Texas have ordered a virtual casino firm to stop selling non-fungible tokens (NFTs). The regulators alleged on Wednesday that by illegally offering unregistered securities, the company was defrauding people. an effort to raise funds to build metaverse-based virtual casinos The firm in question, Sand Vegas Casino…
Crypto
Regulators Order Virtual Casino Firm to Stop Selling NFTs
PYMNTS

Virtual Casino Firm Ordered to Stop Selling NFTs

Securities regulators in Texas and Alabama on Wednesday (April 13) have ordered Cyprus-based online casino developer Sand Vegas Casino Club to stop selling nonfungible tokens (NFTs), saying the company was offering unregistered securities and defrauding the public, according to a Reuters report. Sand Vegas and co-founders Martin Schwarzberger and…
Crypto
Virtual Casino Firm Ordered to Stop Selling NFTs
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