Malta-Based Online Gambling Company Head Jailed 14 Months

Submitted by Guest on

Written by :

Guest

Published on :

Dimitrios Drosos, 45, director of betting company Gold Victory Ltd, has been jailed for 14 months after being convicted of defrauding several people of a total of €500,000.

The court found that the Malta-based company had not paid winnings to several players and the accused had pocketed the money.

€70,000 paid by the accused as bail money were forfeited after it was established that Drosos,a Greek national resident in Kappara, had jumped bail and escaped from Malta.

He was re-arrested on the strength of a European arrest warrant.

Source:  Times of Malta

Related Content

Washington State Congressman Wants End to Wildfire Betting on Kalshi, Polymarket as Spokane Area Still Reeling

Washington State Congressman Wants End to Wildfire Betting on Kalshi, Polymarket as Spokane Area Still Reeling

Rep. Michael Baumgartner, R-Spokane, introduced the bill this week. Critics say betting on wildfires is, at best, grotesque and could incentivize arson and other illegal acts.
Florida AG Sues Chumba Casino, LuckyLand, Global Poker, Stake Sweepstakes Casinos

Florida AG Sues Chumba Casino, LuckyLand, Global Poker, Stake Sweepstakes Casinos

Florida Attorney General James Uthmeier has filed two lawsuits Wednesday against companies behind major online sweepstakes casinos, including Chumba Casino parent company VGW, which also operates the hugely popular LuckyLand and Global Poker sites.
BetAmapola Dispute Resolved: Player Paid in Full

BetAmapola Dispute Resolved: Player Paid in Full

Gambling911.com is happy to report that a long standing payout issue involving BetAmapola has now been resolved.
More Sweepstakes Casino Closures in August: LuckyStake and The Money Factory Shut Down

More Sweepstakes Casino Closures in August: LuckyStake and The Money Factory Shut Down

LuckyStake shut its sweepstakes casino down Aug. 14 with redemptions due by Aug. 20. The Money Factory did so two weeks prior.