GiG to power betting for MRG’s new esports venture Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address MRG and Gamingzone joint venture GLHF.GG is set to launch during the first quarter of 2019 Companies: GiG Topics: Casino & games Esports Sports betting Video gaming MRG and Gamingzone Entertainment have enlisted Gaming Innovation Group (GiG) to support the planned launch of their esports betting joint venture in the first quarter of 2019. The gaming operator and esports entertainment group, which announced their partnership in May this year, have now confirmed the venture will be called GLHF.GG, an abbreviation of “Good luck. Have fun. Good game.” GiG will provide GLHF.GG with its GiG Core technical platform for esports and iGaming services. GLHF.GG aims to create a global community for esports followers, offering odds on range of markets as well as streaming of events and other ancillary forms of entertainment.“There is a massive engagement around eSports today with 200 million frequent viewers globally every day,” MRG chief executive Per Norman said. “Our ambition is to build the world’s most engaging eSports community together with Gamingzone Entertainment.” In October, MRG said during a results announcement for the third quarter that it hoped to launch the venture before the end of 2019. Niklas Grawé was appointed as chief executive of the new business unit in September.“With this great and very relevant name together with our idea on how to mix streaming, betting and gamification, we have the prerequisites to attract attention from this rapidly growing audience,” Grawé said of the new brand. Robin Reed, CEO of GiG, added: “We highly value MRG’s and Gamingzone’s knowledge and experience in both igaming and esports and are delighted to enter the fast-growing esports vertical together with them, adding further scale to our ecosystem.” Last month, GiG announced a 21% year-on-year increase in revenue to €37.3m (£33.2m/$42.3m) for the third quarter. 5th December 2018 | By contenteditor Tags: Online Gambling Video Gaming Subscribe to the iGaming newsletter
Tags: Mobile Online Gambling OTB and Betting Shops Legislators in Hawaii have filed a bill that could see sports betting become the first legal form of gambling in the state, though without opening up the market to private operators. Hawaii lawmakers aim to establish state wagering operator Topics: Legal & compliance Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Legal & compliance 25th January 2019 | By contenteditor Legislators in Hawaii have filed a bill that could see sports betting become the first legal form of gambling in the state, though without opening up the market to private operators.House Bill 1107 proposes regulating sports betting on the basis that “tens of thousands” of Hawaii residents are already betting via illegal offshore sites.“Moreover, tens of millions of dollars in revenues generated from online gambling are being realized by offshore operators serving Hawaii residents, but no benefits are provided to the State,” the bill explains.“To protect Hawaii residents who gamble on the Internet, and to capture revenues generated from internet sports wagering in Hawaii, it is in the best interest of the state and its citizens to regulate this existing activity by authorising and implementing a secure, responsible, and legal system for sports wagering,” it continues.However this would not be achieved by allowing private operators into the market. Instead, HB1107 proposes creating a state-owned entity, the Hawaii Sports Wagering Corporation, that will be permitted to offer sports betting and used to generate additional revenue for the state.It will be established by amending the Hawaii Revised Statutes and exist as a subsidiary of the state’s Department of Business, Economic Development and Tourism for administrative purposes, and offer sports betting to those aged 18 and above.The Corporation will be overseen by a seven-member board of directors, with three of the initial directors to serve two-year terms; two to serve for four years, and two for five. This board will be responsible for appointing a chief executive officer to lead the business.The board will also be responsible for developing regulations for sports betting within 180 days of SB1107 passing into law, and launching a tender process to select a sports betting provider.This provider must have experience of running regulated gaming and lottery operations in the US, experience in the digital media and entertainment space, and have proven online technology, suggesting online wagering will be permitted.The Hawaii Sports Wagering Corporation will be exempt from tax, with all its proceeds to be deposited into the Sports Wagering Special Fund, which is also created through the legislation. Funds generated through legal sports betting will be used to modernise and upgrade Hawaii’s capital infrastructure and support maintenance projects.The bill, which has been introduced in the Hawaii House of Representatives and passed its first reading, is yet to be assigned to a committee for further scrutiny.Currently Hawaii is one of two US states with no legal forms of gambling, alongside Utah. Subscribe to the iGaming newsletter Email Address
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Legal & compliance Topics: Legal & compliance Kindred subsidiary settles with GC over AML and SR failings Tags: Online Gambling Kindred Group subsidiary Platinum Gaming has agreed a £1.6m (€1.8m/$2.0m) settlement with the GB Gambling Commission after it was ruled to have failed to prevent gambling harm and breached UK money laundering regulations.The decision follows an investigation by the regulator, during which it identified breaches of various regulations, including Social Responsibility Code Provision 3.4.1. of the 2005 Gambling Act and the 2017 Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.The Commission initiated the investigation after it was passed information about an individual who had been convicted of a £2m fraud and had been spending stolen money through a number of gambling operators, including PGL.The customer opened a gambling account with PGL and made a series of large deposits, losing significant sums in a very short period of time. In total, the individual lost £629,420.In its evaluation, the regulator said the customer high deposits with significant losses were a sign of gambling-related harm, and PGL should have considered refusing to serve the customer or barring access from their gaming sites. The individual opened a standard account on February 24, 2017 and was made a VIP customer two days later.Although the customer stopped gambling with PGL in March 2017, he resumed his activity in October 2017, gambling and losing ten times the amount he had gambled previously.The Commission said that PGL failed to make use of all available information they held on the customer to ensure effective decision making, adding that this was particularly concerning given the player was identified as a high-value player.The regulatory investigation also found PGL in breach of licence condition 12.1.2, which relates to anti-money laundering and due diligence processes.PGL, according to the Commission, failed to comply with measures 7(1) and (3) of the 2017 Regulations as it did not make adequate enquiries about the source of the funds the customer used to gamble, despite flagging them as a high-risk player.The regulator also said PGL failed to apply enhanced due diligence and ongoing monitoring properly on a risk-sensitive basis. This went contrary to section 14 of the 2017 Regulations, which requires operators to apply additional measures to establish and verify the customer’s identity, as well as scrutinise transactions that present a higher risk of money laundering.The investigation discovered when the customer returned to PGL after a five-month absence, they were able to recommence gambling without any further verification, despite having previously been flagged as high-risk.The regulator said the fact player was able to return in October 2017 and deposit and lose such significant amounts of money shows PGL’s policies and procedures “were not fit for purpose”.According to the Commission, PGL acknowledged its shortcomings at an early stage of the process. The oeprator accepted it failed to act in accordance with the Licence Conditions and Codes of Practice, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and regulatory guidance on both money laundering and terrorist financing.The £1.6m settlement includes PGL divesting itself of £629,420 generated from the customer’s gambling, with this money returned to individual from whom it was originally stolen.Also covered is a £990,200 payment in lieu of a financial penalty, which will now be used to help fund the National Strategy to Reduce Gambling Harms, as well as a payment of £9,800 towards the Commission’s investigative costs.“There were weaknesses in Platinum Gaming’s systems and as a consequence, more than half a million pounds of stolen money flowed through the business,” Gambling Commission executive director Richard Watson said. “This is not acceptable and I would urge all operators to carefully read this case and learn lessons so they don’t make the same mistakes.”“This is yet another example of us taking firm action against online operators who fail to protect consumers or implement effective safeguards against money laundering.“We must see the industry stepping up and providing consumers in Great Britain with the safest and fairest gambling market in the world,” Watson added. “Where we continue to see failings, we will continue to take action.”PGL is the second gambling operator to reach a settlement with the Commission over regulatory failing this week, after it was announced yesterday (June 12) that software developer and operator Gamesys Group settled for £1.2m over failing to prevent gambling harm and breaching money laundering regulations.Last week, the Commission also stripped Malta-licensed operator MaxEnt Limited, trading as Maxent NRR Entertainment, of its UK operating licence following a change in ownership. The Slotty Vegas operator has since stated that it intends to appeal the decision. Subscribe to the iGaming newsletter 13th June 2019 | By contenteditor Regions: UK & Ireland Kindred Group subsidiary Platinum Gaming has agreed a £1.6m (€1.8m/$2.0m) settlement with the GB Gambling Commission after it was ruled to have failed to prevent gambling harm and breached UK money laundering regulations. Email Address
Regions: Western Europe Portugal Portuguese casino operator Solverde Group was one of the new additions to the market in Q3, having secured an online sports betting licence in September 2020. Players wagered a total of €222.8m on sports betting in Q3, almost double the amount bet in the same quarter in 2019. Football was the main source of sports betting interest during Q3, accounting for 79.1% of all wagers placed in the quarter. Tennis was a distance second with 11.8% of bets, then basketball on 6.5%. Online gambling revenue in Portugal amounted to a record €84.2m in the three months to 30 September 2020, according to new figures published by national regulator Serviço de Regulação e Inspeção de Jogos (SRIJ). The quarterly total represented a 55.6% year-on-year increase on the €54.1m in the corresponding period in 2019, and also 22.6% improvement on €68.7m in the second quarter of 2020. 4th January 2021 | By Robert Fletcher Slot machines were by the most popular form of online games of chance during Q3, accounting for 70.3% of wagers in this market, ahead of roulette on 13.8%, blackjack on 6.1% and poker with 4.8% of the market share. Tags: Finance Email Address Revenue from games of chance reached €41.7m in Q3, up 47.9% on last year. However, this was down 12.9% on the €47.9m generated in Q2 2020, as some consumers switched back to sports betting amid the return of many sports competitions. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Some 156,000 consumers registered for new accounts in Q3, while the number of people who opted to self-exclude from online gambling also increased in the quarter to 62,100. In terms of operator numbers, a total of 24 licences are currently active in the country, up from 18 in 2019, with 11 of these being valid for sports betting and 13 for online games of chance. A total of €1.18bn was spent on online games in Q3, up 59.4% from €741.6m in the corresponding period in 2019. Topics: Online casino Q3 results 2020 Online sports betting Q3 results 2020 Sports betting revenue for the quarter amounted to €42.5m, up 23.2% from 2019 and also more than double the total generated in Q2, helped by the restart of major sports events following the novel coronavirus (Covid-19) shutdown. Portugal igaming revenue reaches record €84.2m in Q3 Subscribe to the iGaming newsletter
Subscribe to the iGaming newsletter Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Land of Zenith by Push Gaming Embark on an epic adventure to uncover the history of the land in the sky! Extraordinary sky pirates will guide players through some exquisite treasures on their journey. Game type:SlotGo-live date (expected):11/03/2021Game special features:Disc trigger mechanism, bouncing mystery feature, hypermode free spinsNumber of paylines:30Number of reels:6RTP% (recorded/theoretical):96.29%Variance/volatility:HighNumber of symbols to trigger feature/bonus?Disc trigger mechanismCan feature be retriggered?Yes, no limits to the amount of retriggers possible.Number of free spins awarded?N/AStacked or expanding wilds in normal play?NoStacked or expanding wilds in feature play?NoNumber of jackpot tiers?N/AAuto-play function?No 8th March 2021 | By Aaron Noy You can play a demo of this slot here! Topics: Casino & games Slots You can download the First Look Games affiliate pack for this game here! Email Address
“NAB has an important role in monitoring and reporting suspicious activity and keeping Australia’s financial system, our bank and our customers safe. Tags: Star Entertainment SkyCity Crown Resorts Austrac NAB Austrac raises money-laundering accusations against Australian casinos 7th June 2021 | By Robert Fletcher The Australian Transaction Reports and Analysis Centre (Austrac), a government-run national financial intelligence agency, has raised allegations related to money laundering activities against a number of leading land-based casino operators in the country. In addition, Austrac contacted NAB over potential breaches of both the AML/CTF Act and AML/CTF Rules, citing “potential serious and ongoing non-compliance” with customer identification procedures, ongoing customer due diligence and compliance with part of its AML/CTF program. Crown Resorts, Star Entertainment and SkyCity Entertainment Group have received notice of the allegations, while the National Bank of Australia (NAB) has also been contacted by Austrac. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter According to Crown, Austrac’s Regulatory Operations branch identified potential serious non-compliance with the AML/CTF Act and AML/CTF Rules, while Austrac having initiated a formal enforcement investigation into the compliance of Crown Perth. Austrac, which monitors financial transactions in order to identify money laundering, organised crime, tax evasion, welfare fraud and terrorism financing, said the allegations relate to “serious non-compliance” with the Australian Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (AML/CTF Rules). Elsewhere, SkyCity said its allegations were for potential serious non-compliance by SkyCity Adelaide, again relating to ongoing customer due diligence, adopting and maintaining an AML/CTF Program and compliance with such a program. Subscribe to the iGaming newsletter “SkyCity takes its anti-money laundering responsibilities and obligations very seriously,” SkyCity said. “SkyCity has processes and practices in place in its business to detect and prevent money laundering and continually reviews these to ensure it meets all anti-money laundering requirements.” Casino & games The Austrac Enforcement Team will now carry out an investigation into the matter, while the agency advised it has not made a decision regarding any regulatory response that it may apply to Star. Section 68 of the Act prohibits a casino operator from, in connection with gaming or betting in the casino, providing money or chips as a part of a transaction involving a credit or a debit card. Crown transacted over AUS$160m (£88m/€102m/US$124m) through the process, which ceased in November 2016. “It is a key priority for everyone at NAB to uplift our financial crime capabilities, minimise risk to customers and the bank, and improve operational performance. That’s why we are so focused on getting the basics right every time to protect our customers and our bank.” Austrac identified the issues in a compliance assessment conducted in September 2019, which focused on the casino’s management of customers identified as high risk and politically exposed persons over the periods 1 July 2015 to 30 June 2016 and 1 July 2018 to 30 June 2019. Austrac became aware of the issues during a compliance assessment in September 2019, which focused on the casino’s management of customers identified as high risk and politically exposed persons during the period from 1 July 2015 to 30 June 2016 and also 1 July 2018 to 30 June 2019. Meanwhile, Star Entertainment said its notice was in relation to the Star Sydney property, with potential non-compliance related to concerns regarding ongoing customer due diligence, adopting and maintaining an AML/CTF program and compliance with such a program. Austrac’s enforcement team has initiated a formal enforcement investigation into NAB, but stated it is not considering civil penalty proceedings and that this decision is “reflective of the work undertaken” by NAB to date. Crown said investigations are ongoing and it has notified the Victorian Commission for Gambling and Liquor Regulation and the Victorian Royal Commission about the issue. “The Star takes its anti-money laundering obligations very seriously and will fully co-operate with Austrac in relation to its requests for information and documents and the investigation,” Star said in a statement. Regions: Australia The agency has not yet stated what form of regulatory action SkyCity may face, but it will request further information of the operator. SkyCity said will fully co-operate with Austrac during the investigation. Email Address NAB noted that referral to Austrac’s enforcement team follows regular engagement by the bank with the agency “over a long period of time”, both to report issues and keep Austrac informed of progress in uplifting and strengthening the group’s own AML/CTF program. Topics: Casino & games Legal & compliance Land-based casino Legal Crown also said it received legal advice a practice that existed at Crown Melbourne between 2012 and 2016 contravened section 68 of the Victorian Casino Control Act 1991. This involved Crown receiving payment from debit or credit cards of international guests at Crown Melbourne’s Crown Towers Hotel, with the funds then made available to the patron for gaming at the casino. Crown said its notice was in reference to its Crown Perth property, with the site having been under investigation since October last year over a potential breach of regulations. The bank added that it has invested approximately $800m as part of a multi-year program to improve its financial crime and fraud controls and has more than 1,200 people dedicated to managing financial crime risks. “NAB takes its financial crime obligations seriously,” NAB chief executive Ross McEwan said. “We are very aware that we need to further improve our performance in relation to these matters. We have been working to improve and clearly have more to do.
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