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Industry
August 17, 2022
Elys Records Lower Revenues amid Dollar Fluctuations
Elys Game Technology, a provider of advanced sports betting and iGaming solutions, posted its financial results for the second quarter of the year. The company’s revenues experienced a slight decline, primarily due to the rising value of the US dollar. Elys Recorded Lower Revenues According to Elys’ results, the company earned $10.3 for the period, […]
Industry
August 17, 2022
UKGC Slaps Entain with Record £17M AML and Social Responsibility Fine
Respected entertainment and gambling behemoth Entain Group has been fined the eye-watering £17 million (approximately $20.60 million) with the UK Gambling Commission citing a number of social responsibility and anti-money laundering breaches and shortcomings. The financial penalty refers to issues with both the company’s land-based and interactive business operations. In an official published on the […]
Industry
August 17, 2022
Singapore Inaugurates New Regulator to Get Ahead of New Gambling Trends
On August 16, Singapore inaugurated its new Gambling Regulatory Authority (GRA), which will take over from the Casino Regulatory Authority (CRA) and will aim to practice a holistic approach toward the whole of the gambling industry, encompassing all new gambling products that are available on the market. Establishing the New Regulator The GRA inauguration ceremony […]
Industry
August 17, 2022
Statistics Canada: Indigenous Canadians and 15YO Experience Higher Rates of Gambling Addiction
A new study by Statistics Canada has established higher rates of gambling addiction in the Indigenous population of Canada and minors. According to the study, almost two-thirds of Canadians who are at least 15 years of age had gambled in the year leading to the survey data, with the rates of addiction growing among the […]
Industry
August 16, 2022
BluBet Approved for Virtual Slots in Germany
Gambling and sports betting brand BluBet has been approved to operate virtual slot games in Germany. The company received the virtual slot machine license from the State Administrative Office of Saxony-Anhalt and will now be able to diversify its offer in the country. BluBet Receives a Virtual Slots License The license approval is welcome news […]
Industry
August 16, 2022
AGA Honors Three New Industry Leaders in Hall of Fame Class
The American Gaming Association (AGA) has announced its Gaming Hall of Fame Class of 2022 honoring important figures in the gaming industry. This year, it was Michael Rumbolz, Gavin Isaacs, and Virginia McDowell’s turn to have their merits and contributions in the industry recognized and praised. The Trio to Receive Recognition at the Global Gaming […]
Industry
August 16, 2022
Peru President Signs Online Gaming Law Into Effect
At the end of a long period of trial and tribulations and just one month, after it received approval from Congress, the Government of Pery finally enacted Law 31,557. The legislation that will regulate the operation of online casino gambling and sports betting activities in the country was signed into effect by president Pedro Castillo […]
Industry
August 16, 2022
Notable Industry Experts Back Kinectify’s Funding Round
Kinectify, a provider of modern risk-management software designed by AML practitioners, shared that it has raised a preferred seed round. Several notable companies and investors opted to support the compliance firm. Investors Support Kinectify’s Funding Round Kinectify’s cutting-edge tech provides operators with compliance solutions that help them navigate the regulatory landscape and prevent fraud on […]
Industry
August 16, 2022
ParlayBay to Power TOPsport with Sports Betting Games
ParlayBay – an iGaming startup focused on creating immersive sports betting experiences – will power the Lithuanian sports betting giant TOPsport with its critically-acclaimed sports betting products. ParlayBay Agrees to Power TOPsport with Games The agreement will see ParlayBay provide TOPsport.lt with its full suite of sports betting games. This will include cutting-edge titles such […]
Industry
August 16, 2022
Bally’s Donates $600K to International Center for Responsible Gambling
The Bally’s Corporation has made a sizeable donation to the International Center for Responsible Gaming (ICRG) with the latest contribution amounting to $600,000. The ICRG, which is headquartered in Massachusetts, has been a national champion of treating, preventing, and addressing gambling harm at a time when both sports betting and interactive gambling are picking legislative […]
