Tag Archives: gibraltar

Continent 8 hires Carl Bonner to lead North American sales drive

SBC News Continent 8 hires Carl Bonner to lead North American sales drive

Continent 8 Technologies has appointed Carl Bonner as Regional Sales Director to assist with the company’s global rollout of its solutions and services. In his new role, Bonner will be responsible for driving Continent 8’s multi-cloud strategy and growing its customer base in core regulated igaming markets such as the US. Brian B Koh, Chief Commercial Officer at Continent 8 …

Read More »

Mansion Group shuts down all B2C brands

SBC News Mansion Group shuts down all B2C brands

Mansion Group has notified affiliates and media partners that it has closed all B2C operations of its flagship brands Casino.com and MansionCasino.com. This weekend, affiliates were sent a communication detailing: “After careful consideration and evaluation of our business operations, we have made the difficult decision to close B2C operations of our gaming brands, Casino.com and MansionCasino.com.” “We regret to inform …

Read More »

EU demands enhanced due diligence on transactions with high-risk nations

EGBA 'confident of thorough investigation’ into legacy Dutch lottery licences

The European Union (EU) has warned regulators and trade bodies that businesses and individuals are required to carry out ‘enhanced due diligence measures’ when conducting financial transactions with “high-risk nations”.  The warning follows the European Commission (EC) updating protocols of the “Regulation on High-risk Third Countries” in December 2022. The mandate identifies high-risk third countries which are deemed to have …

Read More »

Mansion closes all casino brands to exit UK entirely 

SBC News Mansion closes all casino brands to exit UK entirely 

Mansion Group has confirmed that it has surrendered its UK operating licence with immediate effect, choosing to end its entire brand presence within Britain’s online gambling marketplace.  The Gibraltar-based operator informed media and stakeholders that it had withdrawn its online casino portfolio of Casino.com, MansionCasino.com and SlotsHeaven.com from the market. In 2022, Mansion withdrew its flagship sportsbook brand MansionBet from …

Read More »

Gibraltar to split licensing fees for B2C and B2B businesses

GBGA

The Government of Gibraltar has sanctioned a consultation to review the licence fees of remote gambling businesses and services offered.  The consultation will be attached to the government’s proposed Bill, which aims to update the Gibraltar Gambling Act and deals “specifically with proposed application fees and annual licensing fees imposed on remote gambling services”. Headline directives see the Bill propose …

Read More »

UKGC penalises Betfred £2.8m for customer care failings  

SBC News UKGC penalises Betfred £2.8m for customer care failings  

The UK Gambling Commission (UKGC) has summoned Betfred’s Gibraltar-based subsidiary Petfre Limited to pay a £2.87m penalty for a series of social responsibility and anti-money laundering failures. The regulatory settlement is being undertaken due to social responsibility and AML discrepancies registered by Petre, the operating company of Betfred.com and Oddsking.com for the period of October 2019 to December 2020.  Petfre …

Read More »

Better Change enhances venue safety with new Gamblewise tool 

OPTIMA

Better Change Limited has launched its ‘Gamblewise’ responsible gambling tool, which aims to enhance safer gambling environments across land-based gambling venues.   The Gibraltar-based organisation that specialises in the intervention of problem gamblers has developed an RG solution that will be made available for land-based operators to install across their venues, protecting retail consumers. Gambling venues that integrate the Gamblewise solution …

Read More »

Andrew Lyman: “Gibraltar Commission won’t apply artificial rules to meet FATF demands on tougher gambling sanctions”

GBGA

Andrew Lyman, Gibraltar’s Chief Commissioner for Gambling, has stated that his department is committed to helping the government remove the British Overseas Territory from the Financial Action Task Force‘s (FATF) ‘greylist’ – ‘in the quickest of time possible’.  The statement was made to delegates attending the KPMG Gibraltar e-Gambling Summit this morning, in which Lyman detailed his surprise at the …

Read More »

Gibraltar requires “sufficient presence” for licensees in Gambling Act draft

Gibraltar has submitted its Gambling Act draft for consultation which will require licensees to have a “sufficient presence”. 

Gibraltar has submitted its Gambling Act draft for consultation, which will require licensees to have a “sufficient substantive presence” in the jurisdiction.  Introducing five objectives for the regulation of gambling in the British oversees territory, the current bill would require interested companies to have a presence in Gibraltar, whilst also looking into the suitability of their owners.  The five drafted …

Read More »