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Industry
February 24, 2023
FATF Decides to Suspend the Membership of the Russian Federation
The global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), confirmed Friday that it has decided to suspend the membership of the Russian Federation. The watchdog confirmed that the country remains accountable for its implementation of FATF Standards and must meet its financial obligations. Despite the decision, the FATF confirmed that […]
Business
December 23, 2022
Connective Games Withdraws from Russia, Remains Hopeful about the Future
The company said that it undertook the measure in order to guarantee the sustainability of its business and not disrupt the flow of product delivery moving forward. Russian companies have been buffeted by an increasing number of sanctions issued in response to the country’s illegitimate invasion of neighboring Ukraine. Connective Games confirmed that the decision […]
Blockchain
May 12, 2022
Five US States Switch Lights on Metaverse Flamingo Casino
The Metaverse is once again under attack from US law enforcement. This time, the Russian Flamingo Casino Club has been targeted by authorities as the Metaverse casino failed to disclose ties with Russia, prompting five states to act against the casino and force it to shut down. Flamingo Casino Club Not What It Claim to […]
Business
March 29, 2022
Parimatch and Russian Esports Organization Team Spirit Cut Ties
Parimatch, one of the most active against the war in Ukraine gambling industry businesses, ended its partnership with Russian esports organization Team Spirit due to the ongoing military actions in Ukraine. ‘Agreement Terms Fulfilled’ Parimatch and Team Spirit terminated an arrangement, which began in 2019 and was extended throughout 2024 earlier this year and which […]
Business
March 28, 2022
Parimatch Tech Finalized Withdrawal from the Russian Market
Parimatch Tech, the developer of Parimatch and a provider of global gambling tech and marketing solutions, has concluded its withdrawal from the Russian market. The finalization came on March 26, a month after the company announced the move. Parimatch Tech Demonstrated Solidarity to Ukraine The provider’s decision to leave Russia was sparked by the country’s […]
Casino
March 23, 2022
Plgen Holdings Wants to Pursue Primorye Project in Russia
In the wake of the Russian invasion of Ukraine, many businesses have quit or stalled their plans in the country aggressor. NagaCorp was one of the latest companies to say that it would discontinue current plans, sit back, wait for the situation to develop and then decide what it can do about its planned integrated […]
Industry
March 22, 2022
Gaming Industry for Ukraine Hits Goal, Extends Deadline
Over the past weeks, Gaming Industry for Ukraine, a charitable campaign hosted by various gambling industry stakeholders, has been able to exceed its original target of £250,000 ($333,000) earmarked for humanitarian and relief efforts in war-torn Ukraine. Still, the organizers are going and calling on benefactors to contribute and raise more funds. Deadline for Gaming […]
Casino
March 17, 2022
Summit Ascent Shows Confidence in Tigre de Cristal Operations
As the world seeks to cut ties with Russian entities, the Hong Kong-listed Summit Ascent Holdings is confident that Tigre de Cristal Casino in Vladivostok may emerge even stronger. Tigre de Cristal Casino Expected to Emerge Stronger The company, which operates the casino, has been keeping a close eye on the unfolding situation with the […]
Casino
March 14, 2022
Evoplay Remains Committed to Ukraine, Mounts Defenses against Russian Invasion
Evoplay, a leading iGaming development studio, has become the latest to oppose the Russian invasion of Ukraine which has brought on grave distress on the attacked nation, displacing over 2.5 million people, and causing the biggest refugee crisis Europe has seen in modern history. Evoplay to Hold Its Ground in Ukraine Now, the company wants […]
Business
March 9, 2022
Aristocrat Leisure Relocates Ukrainian Workforce, Cuts Ties with Russia
Australian gaming machine manufacturer Aristocrat Leisure Limited has become the latest to join the ranks of industry companies that have cut ties with Russia over its illegal invasion of Ukraine. The company said that it would suspend any existing business ties for the time being and assured that the move would not impact its earnings. […]