The UK Gambling Commission (UKGC) has published its ‘2020/2021 Annual Report & Accounts’ (period ending 31 March), outlining its performance and duties governing the UK gambling sector. Mirroring all government departments, the UKGC cited tough adjustments in governing UK gambling under global COVID-19 pandemic circumstances. As a result, from May 2020 onwards the Commission imposed a tougher compliance regime on …
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The decision by the Financial Action Task Force (FATF) to place Malta on a greylist of financially untrustworthy countries has had a major impact on the reputation of companies based there, according to a panel speaking at a recent SBC Webinary. Sharing their views with Joe Streeter, Editor of Payment Expert, Enrico Bradamente, CEO, at Maverick Slots; James Scicluna, Co-Managing Partner at WH Partners; and Yanica Sant of the General Counsel, Malta Gaming …
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Paysafe Group continues to diversify its business portfolio through M&A, having secured a definitive agreement to acquire German fintech firm viafintech. The acquisition will see the viafintech team, including viafintech’s managing directors Sebastian Seifert, Achim Bönsch and Andreas Veller, integrated as part of Paysafe’s expanding eCash and open banking solutions’ team, headed up by Paysafe eCash CEO Udo Müller. Commenting …
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2021 heralds a new era for iGaming in the US market. To call it a “gold rush” is probably an understatement; online casino, sportsbook, daily fantasy sports, and esports betting brands around the world have embraced the enormous opportunity that arose when the federal ban on online gambling was lifted in 2018. The race for supremacy is on. Despite having …
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Net gaming revenue for Super Group, the parent company of Betway and Spin, is on track to match full-year expectations of $1.5 billion, accounting for over $350 million in EBITDA. The projections were disclosed by Super Group in an update to its investors on the progress of its F-4 registration with the Securities Exchange Commission (SEC), as corporate governance pursues …
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Ukraine’s regulated gambling marketplace has been brought into disrepute following the arrest of a member of newly formed regulatory agency – The Commission for the Regulation of Gambling and Lotteries (KRAIL). Last Friday, NABU – Ukraine’s federal anti-corruption bureau – issued a statement confirming the arrest of an unnamed member of KRAIL, who was charged with “receiving an illegal benefit …
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Jim Hogan, Head of Learning and Development at Coingaming, on how the company’s pioneering Management Development Programme builds company culture and encourages promotion from within. One of the secrets behind the growth of the Coingaming Group – from 40 employees to more than 600 in a few short years – has been our reliance on the individual growth of our …
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Rank Group Plc has urged the government to radically overhaul the laws governing UK land-based gambling venues, as a remit of its ongoing review of the 2005 Gambling Act. Yesterday, the LSE gambling group published its 2020/2021 results, which revealed statutory losses of £93 million – as Rank’s trading was gutted by Grosvenor Casino and Mecca Bingo properties observing lockdown …
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The Managed Services Anti-Fraud team at SOFTSWISS has obtained the International Compliance Association (ICA) certification for Know Your Customer (KYC) and Customer Due Diligence (CDD). The certification, said SOFTSWISS, will help it to increase the level of support it provides for its partners by building up expertise in the field of KYC procedures and applying the acquired knowledge in practice. …
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VBET has further enhanced its branding in the Ukrainian market after signing a partnership with the Ukrainian Ice Hockey Federation (FHU). The collaboration – which includes title sponsorship of the Ukrainian national ice hockey team – builds on the firm’s ongoing marketing activities, including Ukraine-focused partnerships with both the Ukrainian Premier League (UPL) and the Ukrainian Football Cup, commencing with …
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