Industry News

by Simona Bostan Simona Bostan No Comments

The 2020 Industry Community Awards

Presented by Clever Duck Media the new innovative awards programme for the entire gaming industry, both online, land based and globally recognising those companies and individuals that have gone above and beyond in tackling major issues due to the global pandemic.

The Industry Community Awards recognises the outstanding work companies have done in helping others within their business and externally within the wider community, supporting colleagues, key workers and local health workers in fighting a pandemic that has devastated communities and livelihoods.

In a new world the Industry Community Awards recognises those people and companies that have stepped up to help others and not just their own businesses.

The Industry Community Awards Ceremony: an informed decision will be taken following the current situation and announced beforehand.

Awards Category:

  • Best Employees Support Award
  • Business Continuity Award
  • Business Hero Award of the Year
  • Community Award
  • Corporate Wellbeing & Health Award
  • Innovation Award
  • Outstanding Individual Award
  • Sustainable Business Award

The ICA is now open for nominations and is FREE to all to enter till September, 2020.

The Awards ceremony will take place in October, 2020 and is planned to be sown live online, the ceremony will not be like any other you may have seen and will reflect the glamour, importance and style all our events previously have been.

For more info visit here.

by Simona Bostan Simona Bostan No Comments

Gaming Innovation Group signs Heads of Terms agreement with Grupo Slots for the supply of platform and sportsbook services

Gaming Innovation Group Inc. (GiG), has signed a head of terms agreement with Grupo Slots, Argentina’s premier gaming and entertainment group, to enter the regulated City of Buenos Aires online gaming market. Grupo Slots is headquartered in San Luis, Argentina, and provides top-of-the-line entertainment and leisure services in more than 20 locations across Argentina, where it operates casinos, gambling & bingo halls, lottery, and also the online gaming website Jugadon.com in addition to hotels, restaurants and convention centres.    

GiG will provide Grupo Slots with a full online turnkey solution, which includes the technical iGaming platform, Sportsbook, front end development, GiGs data platform & GiG Logic . The minimum contract period will be 4 years with an automatic extension for one additional year and is based on a revenue share model in combination with set up fees. Signing of the final agreement is anticipated before the end of Q3. 

Argentina is regulating online gambling on a province by province basis, with expectations of licenses to be awarded to Grupo Slots for Buenos Aires City, anticipated to be the largest market within Argentina, in the later part of 2020 which will be followed by the online launch. H2GC estimates the Total Gambling market in Argentina to be worth EUR 352M, however only 7% is currently done online therefore as an emerging market there is significant growth potential in the interactive space as the market adapts to online gambling, driven by regulation and growth of digital penetration. GiG is well placed to capture this market growth with a leading partner in Grupo Slots who already have a regulated online presence with Jugadon.com. 

Grupo Slots has the vision to be the best entertainment and leisure option in the markets it serves and is a customer centric organisation with a focus on responsibility gambling therefore GiG is partnering with not only one of the largest land based operators in the market but one that aligns to its own values and product offering. 

Richard Brown CEO of GiG “I am extremely excited to partner with and onboard Grupo Slots, we see a great potential in the regulated environments within Argentina as that market is in the early transformation from offline to online gambling, and to partner with one of the largest and premier land based operators in the market is great opportunity to showcase our product in the LATAM market while delivering the platform for online gambling transformation for Grupo Slots” 

Juan Ignacio Torres General Manager of Grupo Slots “We are extremely pleased to have reached this agreement with a company like GIG, an international company with extensive experience, which demonstrates a high level of seriousness and excellence in the field of online gaming. On our part, we also contribute 35 years of experience, innovation, infrastructure and knowledge of the Argentine gambling market, currently being one of the few operators with online gaming presence (www.jugadon.com). This agreement complements us and gives us a tool of quality and excellence to continue growing in this market with so much future potential”  

It is anticipated that the license application will be granted in Q4 of 2020 with go live shortly afterwards therefore GiG expects a positive contribution from 2021 onwards. 

About Gaming Innovation Group

Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform and media provider delivering world class solutions to our iGaming partners and their customers’.  GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable  technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com

About Grupo Slots

Grupo Slots is a company committed to providing top-of-the-line entertainment and leisure services. With over 30 years of experience, history and development, the company also seeks to be a favorable space for personal and professional growth of all its employees, as well as to add multiple value-creation opportunities to society. The group counts with 75 commercial units in 24 different locations in the Provinces of San Luis, Chaco, Neuquén and Buenos Aires, offering services, entertainment and leisure through: Traditional casino lounges, Slot machine lounge Bingo halls, Administration and commercialization of Lottery Games, Online Gambling Platform, Official horse racing track, Horse racing Agency,, Hotels, Convention Centers, Restaurants, bars and cafés, Real estate development, Theater rooms, FM radio stations, Service Payment Network. http://www.gruposlots.com.ar/index_en.php 

by Simona Bostan Simona Bostan No Comments

Evolution Gaming to acquire NetEnt for £1.6 billion

The Swedish based online gaming supplied, NetEnt has accepted a £1.6 billion offer from Evolution Gaming for the business. They accepted an offer of 43% premium on their shares from Evolution Gaming.

Evolution Gaming in a statement said that some 45% of all voting rights at NetEnt had accepted the offer and another 23% of the remaining voting block of NetEnt had expressed their intention to vote in accepting the offer.

The deal is expected to be completed by the 2nd of November 2020 and both companies think that they with their US reach can become a powerhouse in expanding US market over the coming years.

by Simona Bostan Simona Bostan No Comments

SiGMA goes digital

Following the postponement of the SiGMA Manila expo this June to May 2021, SiGMA decided to jump on the opportunity and launch TWO virtual conferences: SiGMA Asia Focus and SiGMA Deep Tech. Both virtual conferences will take place on the same week of the original show dates, 8-10 June 2020.

SiGMA-ICE ASIA FOCUS: In line with their commitment to cover the various gaming verticals and also bring Asia and the West closer together, they have curated an interesting agenda with a line-up of speakers made up of final decision makers. 

SiGMA DEEP TECH: By Techies. For Techies. SiGMA Deep Tech will shine a spotlight on expert tech leaders, CTOs and developers Topics such as with AI, Big Data, UI, open-source vs licensed tech and much more will be addressed during the talks. 

SiGMA is trying to provide fresh content, and to help you navigate through these turbulent times. Whether you’re exploring Asia as a new frontier or which tech solutions to embrace, we got you covered this June 8-10th.

SiGMA Asia agenda includes topics such as:

  • Focus Philippines & ASEA: Asia’s undisputed hub for iGaming
  • Focus Australia: Challenges & New opportunities
  • Focus Japan: Updates & Restrictions lifted for land-based gambling
  • Focus India: iGaming on the rise
  • Roadmap for Asia post Covid- spotlighting Macau and South East Asia
  • Can live gaming revive Casino in a digital era?
  • M&A appetite in Asia post Covid
  • Managing black market & consumer protection in Asia
  • Payment & Gaming: Crypto Use

SiGMA Deep Tech agenda includes topics such as:

  • Data in iGaming: Managing Data effectively
  • Real-time data: life cycle engagement & customer management challenges
  • Quantum & Neuromorphic computing
  • Data & Cybersecurity

For more info and registration click here.

by Simona Bostan Simona Bostan No Comments

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.

by Simona Bostan Simona Bostan No Comments

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.

by Simona Bostan Simona Bostan No Comments

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!

by Simona Bostan Simona Bostan No Comments

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.

by Simona Bostan Simona Bostan No Comments

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/

by Simona Bostan Simona Bostan No Comments

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

Top