In November 2021, a report emerged accusing Evolution AB, a leader in the online gaming sector, of operating in black markets, including countries under U.S. sanctions such as Syria, Iran, and Sudan. The report, submitted by the law firm Calcagni & Kanefsky LLP (C-K) to the New Jersey Division of Gaming Enforcement (NJDGE) and the Pennsylvania Gaming Control Board, alleged that Evolution’s live-dealer games were being accessed in jurisdictions where online gambling is prohibited. The accusations, compiled by the Israeli private intelligence firm Black Cube, claimed that Evolution had knowingly allowed its services to be streamed into these restricted regions. The report had an immediate and dramatic effect on Evolution’s stock price, which dropped by 11%, wiping out over €2 billion in market capitalization. The company swiftly denied the allegations, calling the report “dubious, anonymous, and falsified,” with Evolution’s executives claiming it was designed to harm the company’s reputation and market position. Investigations and Legal Reactions Following the submission of… Read More

Category: News 

Source: Casino News Daily