Author: Simona Bostan

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Top 5 iGaming Awards

If you work in the iGaming industry, you probably have attended at least once an award ceremony where you Company, colleague or yourself has been nominated.

In no particular order, here are 5 iGaming Awards you might consider participating:

  1. International Gaming Awards

This event is being managed by Clever Duck Media Ltd. and it will take place this year on the 3rd February 2020 @ Savoy Hotel London, UK.

With 31 awards this event has a category for everyone. For more info here: https://gaming-awards.com/international-gaming-awards/iga-categories/.

2. Malta Gaming Awards

The Malta Gaming Awards will be held during SiGMA 2020 in December 2020 with the venue yet to be confirmed. Alongside premier networking opportunities, this extravagant awards gala will reward leading players in the iGaming industry in a celebration of achievement. As well as shining a spotlight on some of the most intriguing and creative projects to change the face of the iGaming sector, the glitzy event will also feature an art auction, with all proceeds going to the SiGMA Foundation for a variety of charitable projects.

31 awards sponsored by different operators. Awards include: Affiliates, Casino/Sportsbook operators, Payment processors, hosting and crypto.

For more info here: https://sigma.com.mt/malta-gaming-awards/.

3. iGaming Idol

This event will take place on the 1st of October 2020 @ Intercontinental Hotel, Malta. If you are an Operator or Supplier you can enter to win one of the 23 awards given on the evening.

For more info about the event, click here: https://igamingidol.com/.

4. iGB Affiliate Award

The iGB Affiliate Awards 2020 will bring the industry together to celebrate innovations, successes and contributions. The iGB Affiliate Awards are the most respected awards in the industry with a focus on transparency.

There are 19 awards to be given to outstanding Affiliates and the event will take place on the 7th of February, 2020 @ The Brewery, London, UK.

For more info about the event, click here: https://www.igbaffiliate.com/awards/igb-affiliate-awards.

5. Global Gaming Awards

Gambling Insider’s Global Gaming Awards London continues the success of the Vegas awards – including an industry-expert nomination panel, judges spanning every sector and independently adjudicated by KPMG Isle of Man to ensure the winning companies are truly deserving.

The event will award 13 Operators, best in their field, judged by industry experts.

The event will take place on the 3rd of February 15:00 @ the Hippodrome, London, Uk.

For more info about the event, click here: https://www.globalgamingawards.com/london/.

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5 things to consider if you want your own iGaming Operation

Have you ever considered having your own iGaming Operation and you don’t know where to start? Here are 5 things to consider that can make your decision easier:

1. Product Type

There are several product types you can opt to offer to your potential future clients: casino games, sports betting, poker, bingo and much more.

It can be an easy choice if you know it already, but if you don’t you will for sure want something that can generate revenue with little or no risk involved. Research showed that Casino products bring most of revenue for an Operation.

2. Player Jurisdiction

Okay, you know which product/s you want to offer, now it’s time to do some marketing research and see which country is relevant for your business to acquire clients. 

As more and more countries oblige you to apply for a license in their country, you need to make sure you do your homework and see which countries you want to target.

3. Product Providers

Games – There are plenty of providers for every single product you want to offer. You can choose one or more Casino Providers such as: Playtech, Netent, Microgaming and many more. Sportsbook Providers: Betradar (one of the biggest in the market), Soft Gamings, Bett Market and many more.etc. 

Affiliate platform – Netrefer, myAffiliates, in house etc.

Payment providers.

4. Company Formation and License

You have your product, the jurisdiction you want to operate, third party providers what you need now is to license the operation. You can choose to open your company based on the tax system and you have plenty of options in Europe: Malta, Estonia etc., or anywhere else in the world.

The most used jurisdictions for iGaming are: Malta, Gibraltar, Curacao.

5. Budget

Last but not least, finances!  All decisions above will be taken according to the budget you have available. Ensure that you have at least 1 year finances to support the business without expecting revenue.

Conclusion:

Do you want to do everything yourself? or you want to only concentrate on one aspect?

Do you want to outsource parts of the operation or all of it and just concentrate on Marketing? We can help you find the right balance of in-house and outsourcing.

Contact us today for more info.

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Gambling Commission to ban Credit Cards starting April 2020

The UK Gambling Commission said that starting the 14th of April 2020, no gambling business can allow consumers from Great Britain to use Credit cards to add funds . This news comes after the review of the Commission of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures. A public consultation was carried out between August and November 2019.

In Great Britain there are currently 24 million adults that gamble, with 10.5 million of those gambling online. Around 800,000 consumers use credit cards to gamble according to UK Finance. Separate research undertaken by the Commission shows that 22% of online gamblers using credit cards to gamble are classed as problem gamblers – with even more at some risk of harm.

This decision however will not affect consumers using their debit cards or prepaid cards.

Neil McArthur, Gambling Commission chief executive, said, “Credit card gambling can lead to significant financial harm. The ban that we have announced today should minimise the risks of harm to consumers from gambling with money they do not have. Research shows that 22% of online gamblers using credit cards are problem gamblers, with even more suffering some form of gambling harm.

We also know that there are examples of consumers who have accumulated tens of thousands of pounds of debt through gambling because of credit card availability. There is also evidence that the fees charged by credit cards can exacerbate the situation because the consumer can try to chase losses to a greater extent.”

“We realise that this change will inconvenience those consumers who use credit cards responsibly but we are satisfied that reducing the risk of harm to other consumers means that action must be taken.” he said. “But we will evaluate the ban and watch closely for any unintended circumstances for consumers.”

“The ban is part of our ongoing work to reduce gambling harm. We also need to continue the work we have been doing with gambling operators and the finance industry to ensure consumers only gamble with money they can afford to spend.”

Culture Minister Helen Whately said, “Whilst millions gamble responsibly, I have also met people whose lives have been turned upside down by gambling addiction.  There is clear evidence of harm from consumers betting with money they do not have, so it is absolutely right that we act decisively to protect them.

“In the past year we have introduced a wave of tougher measures, including cutting the maximum stake on fixed odds betting terminals, bringing in tighter age and identity checks for online gambling and expanding national specialist support through the NHS Long Term Plan. We have also secured a series of commitments from five leading gambling operators that will include £100 million funding towards treatment for problem gamblers.

But there is more to do. We will be carrying out a review of the Gambling Act to ensure it is fit for the digital age and we will be launching a new nationwide addiction strategy in 2020. We will not hesitate to take any further action necessary to protect people from gambling harm.”

Also today it has been announced by the Commission that there will be changes to licence conditions which will require all online gambling operators to participate in the GAMSTOP scheme and offer their customers the service from 31 March.

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AI in Gaming Conference, Dubai 2020

The Artificial Intelligence Summit is being organised by Eventus International and it will take place between the 26th and 27th of February, 2020 in Dubai, UAE. Eventus International is a summit and exhibition company that connects leaders with leaders and turns opportunity into possibility.

Their summits and exhibitions have a longstanding reputation for gathering primary stakeholders in the industry to discuss the future of the gaming sector. They operate in profitable vertical industries with significant international growth potential while promoting the growth of emerging markets.

AI adoption will account for 45% of the world economy’s total gains by 2030. The UAE ranks first in the Middle Eastern world in terms of expected annual growth of AI contribution to the economy at 33.5%. As a hub for technology and innovation, Dubai is the epicenter of all things AI in the Middle East. In addition, Dubai also has a burgeoning gaming market for games of skill and games of chance, video gaming, the racing industry, AR, VR and eSports.

Speakers at AI in Gaming:

  • Andrew Pearson – Founder and Managing Director @Intelligencia Limited
  • Christopher Ghenne – Global Lead for Banking/Compliance Solutions @ SAS
  • Earle G. Hall – CEO/Chairman @ AXES/GSA Blockchain
  • Hala Bou Alwan – Founder and CEO @ Hala Bou Alwan Consultancy
  • Jan Enri Arquero  – CEO @ The Prodigal Developers
  • Joseph F. Borg – Partner @ WH Partners
  • Dr. Joshua Ellul – Chairman @ Malta Digital Innovation Authority
  • Michael Budow – Audio Designer @ The Prodigal Developers
  • Nameer Khan – Founding Board Member @ Mena Fintech Association

Discussion Topics:

  • Uncovering the potential of AI in the Middle East countries – The role of government and industry
  • Blockchain innovations most likely to disrupt the gaming and entertainment industries and where to focus your attention now and next
  • How AI is revolutionising games of skill
  • The critical issues created by AI and how regulators should address them
  • Man vs. Machine: Will AI replace human performance?

Other events organised by Eventus International: Sports Betting East Africa+, SPiCE India, Sports Betting West Africa+, Cyprus Gaming Show, Scandinavian Gaming Show, AI In Gaming, International Lottery Play Summit, iGaming Germany (iGG), All-in Gaming Ukraine Summit, Gaming & Affiliate Marketing Expo (GAME), Gaming Expo Francophone Africa, ACE (Affiliate Conference & Expo) 2020, Play Social – Social Gaming China  and the All American Sports Betting Summit.

For more info about the event click here.

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London Affiliate Conference 2020

Every year, one of the biggest iGaming Affiliate Conference, London Affiliate Conference 2020 is coming this February between the 5th and the 8th at ExCel London, UK.

5 February – Pre-registration and welcome drinks
6-7 February – Exhibition, Conference, Awards and Closing Party
8 February- Unwind Session.

If you are an iGaming Affiliate you might be looking for:

  • New licensed operators to work with 
  • Information about latest developments in regulation and next steps from the perspective of those who make the rules
  • New and emerging markets to dive into, don’t forget the event is international, and open to opportunities from North America to Africa!
  • How to plan and implement a growth strategy in a world that’s constantly changing
  • New and innovative ways to drive traffic and engagement for clients and maximise commission for yourself
  • Networking and idea sharing with other affiliates and like-minded individuals to takeaway actionable plans.

If you are an iGaming Operator you might be looking for:

  • Affiliates, lots of them! 
  • New ways of acquiring and growing traffic
  • A dedicated conference to help you map out the latest regulation and new market updates
  • The right tools to continue a successful and sustainable business and growth strategy
  • A platform to show case your new products and promote your brand
  • A perfect balance of work and play at our reputable and engaging networking parties
  • A place to catch-up with existing partners, colleagues and friends in the largest community gathering of iGaming Affiliates.

With over 90 different nationalities and more than 5,000 attendees, if you are looking for a new deal, offer your service or network, then be there.

The Agenda includes topics such as:

  • This Time Next Year, We’ll be Brazilianaires!
  • Teamwork Makes the Dream Work: How Operators and Affiliates Can Help Each Other Stay Compliant
  • SEO: Satisfy user intent and rank
  • RETENTION panel – Giving your Customers What They Want to Keep Them On-Site
  • RAiG Against the Machine: Redefining Affiliate Responsibility for the 2020s
  • PPC: Pointless, Powerless, Costly? Or Are You Just Doing It Wrong?
  • OK, Google. How can I rank #1 for Voice Answers?
  • LatAm, The One and Only! You Can’t Take That Away from Me
  • It’s the Sportsbook, Stupid! Making Your Way in US iGaming
  • European Regulatory Roundup – UK, Sweden, Italy and many more.

Don’t forget, Affiliates and introducing Brokers go for FREE.

For the full agenda, registration and prices, accommodation and exhibitor list please visit LAC website.

See you all there!

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Fath El Kheir reaches Malta for promoting the 2022 World Cup in Qatar

The Fath El Kheir reaches Sliema Harbor today the 24th of September 2019 @ 17:00 hours.

The Cultural Village Foundation – Katara launches ‘Fath Al Kheir 4’ journey, which will travel to a number of European and Arab cities on a two-year trip to promote the 2022 World Cup in Qatar.

The journey started from Istanbul to the Mediterranean Sea, navigating to Greece, then Albania, Croatia. It will stop at the Italian port of Genoa. From there it will continue to Monte Carlo, Nice, Marseille, Barcelona, Tangier, Algeria. and reach Tunisia in 2021.

Although it wasn’t schedule to come to Malta, this has changed en route and we can enjoy the beautiful 40 meter long dhow.

The Fath el Kheir Journey represents one of the most important activities of the Katara Traditional Dhows Festival. It aims at reviving the heritage of ancestors in traveling and navigating through the gliding dhows, preserving this kind of heritage and teaching the youth how to navigate and travel bu sailing dhows.

This is the first trip of its kind in the region, with the availability of modern means of navigation and the difficulty of providing dhows capable of accommodating such maritime trips, in addition to the readiness of a group of experienced youth.

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Delta Summit 2 – 4 October 2019

Join Malta is leading the charge in the implementation of regulation for blockchain and cryptocurrency. This presented the opportunity to host the first official conference launching Malta as a regulated virtual currency and ICO centre. 
With the launch of the public consultation for AI strategy, Malta is continuing to position itself as a cutting- edge hub for emerging technology companies seeking to establish themselves in this space, as well as providing a place for individuals to develop and innovate.

As Malta’s official platform, DELTA Summit will be bringing together not only blockchain and cryptocurrency technology, but also cognitive technologies such as AI and IOT, whilst also providing a platform for the growing ESports market. Its aim is to provide a venue to allow companies- large and small- from all over the world to promote technology at the highest level.
DELTA Summit serves to bring together companies and individuals under one roof to congregate and exchange ideas, as well as to promote discussion and to further highlight the Government of Malta’s efforts to establish Malta as a pioneer in the disruptive technology sector.

The aim of DELTA was always to expose the innovative legislation and opportunities not only to the locals currently residing in Malta are benefitting from, but also to the entire global community.

This conference has served and will serve as a marketing platform for Malta as the innovator and ideal hub for companies seeking to establish themselves in the mentioned space, as well as individuals who are intrigued by the technology and its opportunities.

DELTA will also serve to be a platform to promote the technology, the business opportunities related, the legal platform adopted by the government and will serve as a congregation for enthusiasts, doubters and experts.

The 2019 version of DELTA Summit aims to create an even greater global debate on the subject and to further expose the efforts of the Maltese government in establishing Malta as the pioneering blockchain nation.

When? Between the 2nd and the 4th of October 2019 @ MFCC Malta.

To purchase your ticket here: https://delta-summit.com/tickets/

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Crypto Banks approved by Switzerland

FINMA guidance: stringent approach to combating money laundering on the blockchain

The Swiss Financial Market Supervisory Authority FINMA has published guidance on how it applies Swiss anti-money laundering rules to financial services providers supervised by FINMA in the area of blockchain technology. FINMA has also issued banking licenses to two new blockchain service providers.

FINMA recognizes the innovative potential of new technologies for the financial industry. It applies the relevant provisions of financial market law in a technology-neutral way. However, blockchain-based business models cannot be allowed to circumvent the existing regulatory framework. This applies particularly to the rules for combating money laundering and terrorist financing, where the inherent anonymity of blockchain technology presents increased risks.

Combating money laundering requires identification

On 21 June 2019 the international body tasked with developing policies to combat money laundering, the Financial Action Task Force (FATF), issued guidance on financial services in the context of blockchain technology. As for traditional bank transfers, information about the client and the beneficiary must be transmitted with transfers of tokens (with the exception of transfers from and to unregulated wallet providers). Only then, for example, can the provider receiving this information check the name of the sender against sanction lists or check that the information provided about the beneficiary is correct.

Anti-money laundering regulations apply to the blockchain

FINMA has consistently applied the Anti-Money Laundering Act to blockchain service providers since their emergence. In its guidance published today, FINMA provides information about this technology-neutral application of the regulation to payment transactions on the blockchain. Institutions supervised by FINMA are only permitted to send cryptocurrencies or other tokens to external wallets belonging to their own customers whose identity has already been verified and are only allowed to receive cryptocurrencies or tokens from such customers. FINMA-supervised institutions are thus not permitted to receive tokens from customers of other institutions or to send tokens to such customers. This practice applies as long as information about the sender and recipient cannot be transmitted reliably in the respective payment system. Unlike the FATF standard, this established practice applies in Switzerland without the exception for unregulated wallets and is therefore one of the most stringent in the world.

New blockchain service providers in Switzerland

For the first time, FINMA has issued banking and securities dealers’ licences to two pure-play blockchain service providers. The companies involved are SEBA Crypto AG registered in Zug and Sygnum AG registered in Zurich, which will offer services for institutional and professional customers. As usual, various conditions are attached, ensuring that the businesses are set up in an orderly manner. The practice set out in the guidance published today applies in full to the supervision of the two new institutions.

Contact

Vinzenz Mathys, Media Spokesperson
Tel. 031 327 19 77

Website: https://www.finma.ch
Emai: vinzenz.mathys@finma.ch

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SiGMA welcomes a record  breaking 12,500 through its doors

SiGMA welcomed a record number of attendees through its doors. 12,500 delegates, speakers and sponsors converged for the SiGMA 2018 Summit, breaking previously held attendance records and setting the standard for future events. Held on the 28th to 30th of November, the event saw intense interest from both local and global quarters, bringing a truly worldwide perspective to proceedings.

The Summit was kicked off by an elegant Awards evening, which saw illustrious industry leaders rewarded for their contribution to the development and growth of the industry, with a plethora of awards handed out on the evening.

The three-day-affair saw a wide range of topics discussed at a high level during the six conferences and workshops, with a number of prominent speakers taking the stage. From the interplay of blockchain with iGaming to a conference dedicated to the regulatory changes in iGaming law – delegates were treated to quality debate on some of the most pressing issues affecting the sphere.

The workshops proved equally successful, with each room packed to the rafters for a series of talks covering the emerging LatAm markets to the always relevant issue of the quandaries faced by women working within the iGaming industry.

Notable denizens of the industry included individuals such as, John Kamara, an expert in the emerging African markets, Heathcliff Farrugia, CEO at the Malta Gaming Authority, AI guru, Angelo Dalli, Brock Pierce, an Advisor on Open Data Exchange and the  Prime Minister of Malta, Joseph Muscat.

The event also saw a number of battles pitched and won – Quizando took home the title at the ICO Battle, whilst Tomobox stunned with their start-up pitch during the fiercely fought SiGMA Pitch.

The Summit also provided a full complement of networking opportunities for delegates. A packed expo floor aside, attendees weren’t short on wining and dining opportunities throughout the Summit. A number of iGathering dinners, a Crypto Cruise and a decadent Closing Night provided ample opportunity to mingle in a relaxed yet refined setting.

See you all next year!

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SiGMA is around the corner

The fifth edition of SiGMA will take place between the 28th and 30th of November 2018 at the Malta Fairs and Conventions Centre in Ta’ Qali. Positioned at the cutting edge of a very competitive industry, it has evolved into the definitive iGaming showcase.

SiGMA 2018 will welcome over 400 sponsors and exhibitors, 200 industry-leading speakers and a record-breaking 12500 attendees from over 80 countries – solidifying its reputation as a staple on the global iGaming calendar.

Simka Consulting will be present on all days and we are proud to be organizing this event for a Tech industry leader looking into expanding their portfolio.

As a Media Partner of SiGMA, If you want to meet and discuss business opportunities or book an interview with our team, contact us at info@simkaconsulting.com.

See you all soon!

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