iGaming

Igaming aggregator Dot Connections has partnered with ParlayBay to offer the latter’s Embedded Hot Bets sports microbetting product via its ACE platform. The deal will enable Dot Connections’ global operator partners, including those in Latin America and Asia, to access ParlayBay’s microbetting product through a single API integration. Fredrik Elmqvist, Executive Chairman at ParlayBay, commented: “This milestone represents a significant …

Online gaming platform Golden Matrix Group has published its financial performance after acquiring Meridianbet. The company’s pro forma financial statements were filed with the US Securities and Exchange Commission (SEC).  According to the statements, Golden Matrix’s pro forma combined financial results for the fiscal 2023 showed total revenue of $137.17m, with a gross margin of 56.95%.  The pro forma combined …

US-facing igaming supplier Evolution has filed a lawsuit against Light & Wonder (L&W) over an alleged intellectual property (IP) infringement.  The suit was filed in the Nevada District Court last week, with claims from Evolution that L&W made use of an IP related to the former’s Lightning Roulette title, accessing maths files to create “copycat” games. Evolution Malta Limited, Evolution …

The penalty issued by the Swedish gambling authority Spelinspektionen to Malta-based igaming operator Mr Green has been reduced. The decision was taken by the country’s Supreme Administrative Court, which ruled that there were grounds for Spelinspektionen to issue the penalty in 2021, but that the sum needed to be reduced in order to accordingly reflect the appropriate calculations.  Mr Green …

In its latest fraud report, ID verification provider AU10TIX has highlighted that crime is increasingly affecting online gaming providers.   The Q1 2024 Global Identity Fraud Report suggests that fraud rates have increased by more than 250% in the first quarter of the year, affecting a market that generates $26bn in revenue annually.  The results were led by payments fraud, which …

The Netherlands’ gambling authority Kansspelautoriteit (KSA) has changed its Responsible Gaming Policy with the goal of tightening regulatory control.  According to the updates, additional clarity has been brought to the ‘real time monitoring’ responsibilities of operators, together with a new clause for financial deposit limits.  For example, if an operator determines that a player “can no longer bear the financial …

The Danish Gambling Authority Spillemyndigheden has announced an update to its AML guidance.  Primarily focused on gambling operators, industry staff and other relevant shareholders, the revised policies will act as a supplement to the Danish Financial Supervisory Authority’s Guidance on the Act on Preventive Measures against Money Laundering and Financing of Terrorism.  Some of the changes include “linguistic adjustments”, as …

The European Gaming and Betting Association (EGBA) has once again voiced its support for the EU’s new anti-money laundering framework to help combat financial crime.  Approved by the European Council on 30 May, the new AML legislation will initiate the implementation of a new European Anti-Money Laundering Authority (AMLA), tasked with the supervision of AML compliance across member states.  A …

Gaming Innovation Group (GiG) has launched SweepX, a social sweepstakes casino platform solution for the US. The Malta-headquartered gaming solutions company will power Primero – a US land-based sweepstake operator – into the online social sweepstakes casino market for the first time.  Andrew Cochrane, Chief Business Officer at GiG Platform & Sportsbook, stated: “GiG is synonymous with innovation and our …

April’s gross gaming revenue (GGR) for Spillemyndigheden saw a decline across betting, gaming machines and land-based casinos.  In its latest financial update, the Danish gambling authority recorded a total of DKK 595m (€79.8m) in GGR for the month of April – a decrease from the DKK 640m accumulated in the previous corresponding period in 2023.  As per vertical, April’s betting …