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BIS SiGMA Americas welcomes ANJL President and members of União Brasil Party

SiGMA Group Founder Eman Pulis met yesterday with Mr Plinio Lemos Jorge, President of the National Association of Games and Lotteries (ANJL), as well as members of the União Brasil Party – National President, Antonio Eduardo Gonçalves de Rueda, Advisor, Mariana Monteiro Fernandes de Carvalho, and Manuel Arruda, President of the Party. They were also joined by Vinícius Moraes De Carvalho, Investment Partner at Ikigai Ventures.

In the words of SiGMA Group Founder, Eman Pulis, “It was a great opportunity to meet with some of Brazil’s most influential figures in the gaming and regulatory landscape and to share our plans at SiGMA with them. 18 months ago we launched a dream to set foot in the Americas and be one of the most significant conferences for the region – and not just for the sake of doing a conference but to lead the charge and raise awareness that regulated online gambling is the way to go.”

Mr Plinio Lemos Jorge with Eman Pulis.

“I see a very bright future – not only for the Americas, not only for Brazil, but especially for São Paulo.”

Speaking to SiGMA News, Mr Jorge commented that, “As president of ANJL, I can only thank, on behalf of the members, the receptivity of the SiGMA Group, through its president, Eman Pulis, during BIS SiGMA Americas.”

“We spoke about the national scenario of the sports betting and online gaming market at a very important moment, in which Brazil structures the sector’s regulations. My guests and I were impressed by the magnitude of the event, which confirms our country as a promising market.”

“Mr. Pulis invited us to be present at other editions of SiGMA, including in other countries. There will certainly be new opportunities for us to keep on taking our vision of Brazil to the main global players”

Having assumed his role just a few weeks ago following the conclusion of outgoing President Wesley Cardia’s on-year term in office, Lemos Jorge, a prominent lawyer and former judge, brings a diverse skill set to his new role. His emphasis on active listening, collaboration, and transparency underscores his commitment to representing and defending the interests of ANJL members effectively.

Mr Jorge is a lawyer and partner at Lemos Jorge Advogados Associados, holds a Master’s degree in Tax Law from PUC-SP, is a doctoral candidate in Business Law, and a former judge at the Tax and Fees Court of the State of São Paulo. Read his interview with SiGMA News .

The União Brasil Party is a liberal-conservative political party in Brazil. The party was founded on 6 October 2021 through the merger of the Democrats (DEM) and the Social Liberal Party (PSL). The merger resulted in the biggest party in Brazil, and was approved by Brazil’s Superior Electoral Court on 8 February 2022.

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Proposed legislation targets SkyCity with hefty fines

The operator of Adelaide Casino, SkyCity, may encounter substantially heightened penalties, potentially reaching up to AUD75 million (€45.6 million) if found guilty of misconduct. This significant increase, proposed as part of an overhaul of South Australia’s (SA) gambling laws, aims to hold the state’s sole casino license holder accountable and align penalties with community expectations.

Addressing regulatory concerns

ABC News quoted Australia’s Consumer and Business Affairs Minister Andrea Michaels as emphasizing the necessity to ensure fines serve as a genuine deterrent rather than merely a cost of business. The proposed legislation, to be introduced to parliament, seeks to not only raise penalties for criminal offences but also cover past and future conduct, enabling retrospective fines.

AUSTRAC allegations and financial Ramifications

The proposed changes follow the Australian Transaction Reports and Analysis Centre’s (AUSTRAC) allegations of systemic non-compliance against SkyCity, including failure to carry out due diligence on numerous customers. SkyCity’s decision to increase reserves for potential civil penalties from AUD45 million (€27.3 million) to $73 million (€44.4 million) underscores the seriousness of the matter.

Regulatory oversight and accountability

Acting Liquor and Gambling Commissioner Fraser Stroud highlighted the imperative of updating South Australia’s legislation, citing penalties issued in other states exceeding AUD100 million (€60.8 million). The proposed amendments aim to enhance accountability and ensure appropriate regulatory oversight of casino operations.

Political response and public scrutiny

SA independent MP Frank Pangallo welcomed the proposed penalty changes, advocating for stringent regulation of SkyCity’s operations. Opposition leader David Speirs acknowledged the need to modernize casino laws and expresses tentative support for the government’s proposal, pending further review of the details.

Consultation and legislative process

Consumer Affairs Minister Michaels affirms the government’s commitment to consulting parliament on the proposed changes once the bill is introduced. The outcome of this legislative initiative will likely shape the future regulatory landscape for Adelaide’s casino industry.

Upcoming SiGMA event: SiGMA Asia 2024, 3 – 5 June. Find all the details here.

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Galaxy Macau to launch Capella Hotel in 2025

Galaxy Macau, a premier destination for luxury accommodations, is set to launch a new 5-star hotel, the Capella Hotel, in mid-2025. It is being described as ‘a serene oasis in the centre of a bustling city”. This addition will further solidify Galaxy Macau’s position as a leading luxury resort, already housing eight renowned hotels, including the Banyan Tree and the Ritz-Carlton.

The upcoming Capella Hotel, officially named Capella at Galaxy Macau, will be a 17-floor architectural marvel showcasing Galaxy’s signature gold exterior. The hotel is designed by the renowned French company Moinard Bētaille, known for their innovative and luxurious designs. The design draws inspiration from tropical greenery and water, aiming to create a serene atmosphere that offers a tranquil retreat from the bustling city.

The hotel will feature 36 “sky villas” and 57 suites, each promising ultimate comfort and relaxation. The sky villas will each feature an outdoor lounge, infinity pool, karaoke room, personal cocktail bar, and pantry. The suites, on the other hand, will provide opulence with private pools and balconies offering breathtaking city views.

Francis Lui, Vice Chairman of Galaxy Entertainment Group, expressed his excitement about the collaboration with Capella Hotel and Resorts. He aims to deliver unparalleled luxury in 21st-century hospitality, setting a new standard for luxury accommodations.

The hotel will also feature a high-end restaurant by renowned Michelin-starred chef Vicky Cheng. Cheng is known for his innovative French-meets-Chinese cuisine, and his debut at the Capella Hotel is highly anticipated.

In addition to the restaurant, guests can enjoy a whiskey bar by Moinard Bētaille and an exclusive members-only lounge named Pony & Plume, designed by Hong Kong’s Albert Kwan. These amenities further enhance the luxurious experience offered by the Capella Hotel.

The launch of the Capella Hotel marks a significant milestone for Galaxy Macau. It not only expands their portfolio of luxury accommodations but also redefines the standards of luxury and comfort in the hospitality industry. With its serene atmosphere, luxurious amenities, and world-class dining, the Capella Hotel is set to become a premier destination for discerning travellers.

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Rise, fall and resurgence of Adam Cole

Adam Cole, the co-founder of the now-defunct Football Index, is back in the spotlight with a new venture, KiX, a footballer trading platform bearing striking resemblances to its predecessor. The collapse of Football Index in 2021 led to users losing an estimated £90 million in virtual footballer shares, averaging losses of about £3,000 per customer, with many losing significantly more.

From Football Index to KiX

Cole, (pictured above), who served as the former CEO of Football Index, co-founded the company with Mike Bohan. Despite his silence on social media since a May 2021 statement expressing his devastation over the company’s downfall, Cole has resurfaced as an investor and advisor to KiX. This has been met with disappointment from the victims of Football Index, with campaigner David Hammel describing it as a “real kick in the teeth.”

KiX, like Football Index, allows users to trade in footballers, earning rewards based on their performance. However, KiX operates on a different model and structure, trading footballers in the form of non-fungible tokens (NFTs) and using cryptocurrency. While some see this as an exciting and innovative use of technology, others view it as a risky vehicle for financial speculation.

The KiX platform acknowledges the similarities with Football Index but insists it is a completely new platform. Despite Cole’s involvement, a KiX spokesman confirmed that he does not have executive input at the operational or board level. The spokesman also clarified that Cole is not an employee or a shareholder and draws no salary from KiX.

The story of Football Index and KiX serves as a cautionary tale in the world of virtual trading platforms. As the saga continues to unfold, the victims of Football Index are left to grapple with the consequences of their lost investments, while the world watches to see if KiX will follow in its predecessor’s footsteps or chart a new path in the world of football trading.

A series of missteps and oversights

The downfall of Football Index, a once-promising virtual trading platform, was a complex event triggered by a series of missteps and oversights. BetIndex, the company behind Football Index, misrepresented the nature of their product in their license application to the Gambling Commission, and failed to report necessary changes to their product. This lack of transparency was compounded by the Gambling Commission’s own lack of regulatory oversight, which failed to scrutinize BetIndex’s product and language thoroughly.

Financial mismanagement played a significant role in the platform’s collapse. Just days before its downfall, Football Index was found to be “minting” and selling new “shares”, a move that raised serious questions about the company’s financial practices. The Financial Conduct Authority (FCA), too, came under fire for its handling of the case. Criticized for its slow response to requests from the Gambling Commission and inconsistency in messaging on regulatory responsibilities, the FCA’s failure further contributed to the platform’s demise.

At its core, Football Index was a high-risk trading platform, allowing users to trade in derivatives that led to significant financial losses. The platform’s collapse in 2021 resulted in users losing an estimated £90 million in virtual footballer shares. The aftermath of this catastrophic event continues to reverberate, with many former users still feeling the trauma of their lost investments and the impact it has left on their lives.

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ताज़ा समाचार

गेमिंग और लॉटरी के भविष्य को मिलता आकार: ANJL के अध्यक्ष प्लिनियो लेमोस जॉर्ज की सूक्ष्म दृष्टि

नेशनल एसोसिएशन ऑफ गेम्स एंड लॉटरीज़ ऑफ़ ब्राज़ील (ANJL) के अध्यक्ष की भूमिका संभालने के एक सप्ताह बाद, प्लिनियो लेमोस जॉर्ज ने इस क्षेत्र के लिए अपने दृष्टिकोण और योजनाओं पर चर्चा करने के लिए SiGMA न्यूज़ की लेखक जूलिया मौरा के साथ एक साक्षात्कार में बातचीत की।

अनुभव और दृष्टिकोण

लेमोस जॉर्ज, एक प्रख्यात वकील हैं और साओ पाउलो के कर और शुल्क न्यायालय के पूर्व न्यायाधीश रह चुके हैं। वे अपनी इस नई भूमिका में विविध कौशल लेकर आए हैं। सक्रिय रूप से सुनने, सहयोग और पारदर्शिता पर उनका जोर ANJL सदस्यों के हितों का प्रभावी ढंग से प्रतिनिधित्व और बचाव करने की उनकी प्रतिबद्धता को रेखांकित करता है।

कानून 14,790/2023 के अनुच्छेद 31 में प्रमुख उपधाराओं के हालिया वीटो के बारे में बात करते हुए, लेमोस जॉर्ज ने इन वीटो को पलटने के लिए अधिकारियों और कानून निर्माताओं के साथ जुड़ने की अपनी रणनीति की रूपरेखा तैयार की। उन्होंने क्षेत्र की अस्मिता को बनाए रखने के लिए निष्पक्ष विनियमन और कर अनुपालन के महत्व पर जोर दिया।

जिम्मेदार गेमिंग और विनियमन पर ज़ोर

जिम्मेदार गेमिंग, डेटा सुरक्षा और अवैध सट्टेबाजी बाजारों से निपटने पर लेमोस जॉर्ज का सक्रिय रुख विकसित प्रौद्योगिकियों और नियामक ढांचे को अपनाने के प्रति उनके समर्पण को उजागर करता है। उनका मिशन क्षेत्र के सभी हितधारकों के लिए एक सुरक्षित वातावरण सुनिश्चित करना है।

प्रौद्योगिकी, साइबर सुरक्षा और डेटा सुरक्षा से जुड़ी वैश्विक चिंता को स्वीकार करते हुए, लेमोस जॉर्ज गेमिंग प्लेटफार्मों में संभावित डेटा उल्लंघनों को रोकने के लिए पर्याप्त सुरक्षा उपायों के महत्व पर जोर देते हैं। उनका अनुमान है कि उन्हें आने वाले समय में ब्राज़ीलियाई कानून के भीतर डेटा सुरक्षा से संबंधित चुनौतियों का सामना करना होगा।

अवैध सट्टेबाजी बाजारों के खिलाफ लेमोस जॉर्ज का कड़ा रुख गेमिंग क्षेत्र से आगे भी फैला हुआ है, जिसमें निष्पक्ष प्रतिस्पर्धा और कर नियमों के अनुपालन की आवश्यकता पर जोर दिया गया है। उनके मिशन में ANJL सदस्यों के बीच अनुपालन लागू करना और सुरक्षा और सत्यनिष्ठा के लिए विनियमित प्लेटफार्मों को चुनने के महत्व के बारे में खिलाड़ियों के बीच जागरूकता को बढ़ावा देना शामिल है।

ब्राज़ील में गेमिंग और लॉटरी क्षेत्र के लिए लेमोस जॉर्ज का दृष्टिकोण संवाद, सहयोग और सतत विकास के माध्यम से एसोसिएशन को मजबूत करने पर केंद्रित है। उनके समावेशी दृष्टिकोण का उद्देश्य सामूहिक उन्नति और अखंडता के लिए विभिन्न इंडस्ट्रीज़ के स्टेकहोल्डरों को एकजुट करना है।

सहयोगात्मक नेतृत्व और दृश्यता

पूर्व अध्यक्ष के रूप में वेस्ली के पूर्व योगदान को स्वीकार करते हुए, लेमोस जॉर्ज एसोसिएशन के भीतर निरंतरता और सहयोग पर जोर देते हैं। साथ में, वे क्षेत्र की विनियमन की आवश्यकता और इसके सदस्यों के समर्पण को प्रदर्शित करते हुए, ANJL की दृश्यता बढ़ाने का प्रयास कर रहे हैं।

अंत में, प्लिनियो लेमोस जॉर्ज का नेतृत्व ब्राजील में गेमिंग और लॉटरी क्षेत्र के लिए एक आशाजनक अध्याय है, जो दृढ निश्चय, सहयोग और उद्योग की चुनौतियों और अवसरों के प्रति दूरदर्शी दृष्टिकोण की विशेषता है।

BIS SiGMA अमेरिका 2024

केवल 2 सप्ताह में, iGaming की दुनिया के सबसे प्रभावशाली लोग, प्रमुख गैंबलिंग प्रदाता और दुनिया भर में सबसे अधिक पहुंच वाली खेल सट्टेबाजी साइटें में एक साथ आएँगी!!

यह BIS SiGMA अमेरिका का दूसरा संस्करण होगा जो ब्राजील के साओ पाउलो के दक्षिण क्षेत्र, ट्रांसअमेरिका एक्सपो सेंटर में होगा।

कौशल बढ़ाने के लिए एक से बढ़कर एक विशेषज्ञ विभिन्न व्याख्यानों, पैनल चर्चाओं और कार्यशालाओं के माध्यम से मनोरम और उच्च स्तरीय सामग्री से लोगों का मार्गदर्शन करते हैं। ब्राज़ील के सबसे बड़े iGaming आयोजनों में से एक में अपना स्थान सुरक्षित करने के लिए यहां क्लिक करें।

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