Top Sport, a gambling operator in Lithuania, has been fined €25,000 for allowing a person who had self-excluded from gambling to access its gambling website. The breach was identified in March 2023 when the individual notified the Lithuanian Gaming Control Authority that they had been able to access their account after registering with the country’s self-exclusion scheme.
An investigation by the regulator found that the player had self-excluded on 31 October 2022. However, the individual gambled online with Top Sport on 11 November and again on 22 November. Furthermore, the Authority noted that the player was allowed to remain logged in to their Top Sport account after self-excluding. Article 10(21) of Lithuania’s Law on Gambling requires licensees to block access to anyone who has signed up to the country self-exclusion scheme. This included stopping them from logging in to their account. As such, the regulator ruled Top Sport breached this law and issued the fine.
Top Sport breaches
This is not the first time that Top Sport has been fined for regulatory breaches. Earlier this year, Top Sport was handed three separate fines in one week by the Authority amounting to €55,000. The first €25,000 fine was for allowing underage individuals to enter one of its slot locations. The following day, Top Sport was slapped with a €15,000 fine for mobile betting regulations breach. The third fine amounted to €15,000 for a breach related to payments and deposits into an online account.
What is self-exclusion?
Self-exclusion is a process that allows individuals to request a gambling operator to exclude them from gambling with them for a set length of time. It is a tool used by those who have recognized that their gambling is harmful to them and wish to be supported to stop gambling. Self-exclusion means that the individual will be refused service from these venues and websites. By law, gambling businesses must offer this option.
The duration of self-exclusion can range from six months to five years, depending on the jurisdiction. The individual can take active steps to remove themselves from gambling, whether online or in a premises. However, responsibility for sticking with this lies with the individual, but the gambling operator is expected to do all they reasonably can to prevent the individual from gambling.
It is worth noting that self-exclusion is not a foolproof method of preventing problem gambling. Previous data have demonstrated that many gamblers breach their own self-exclusion, typically through other online services outside the jurisdiction in which they are self-excluded.
Join the upcoming SiGMA event in Curacao
SiGMA Curacao is less than 2 weeks away. It will be held in from the 25 – 28 September. The event is hosted by the Ministry of Finance in association with SiGMA Curacao
Don’t miss this exclusive opportunity to be part of SiGMA Curacao, where you can gain valuable insights into the new gambling legislation, explore the thriving iGaming industry, and connect with key players in Curacao. Check out all the details here.
Register here to secure your place at this landmark event.
The significant yet seamless move will be achieved by bringing together sportsbook providers, a live stream platform and betting operators, integrating them all on one synchronised area of Centurion's soon to be relaunched site. - Roberto Gallo, Founder of Centurion-FCHead over to the Hilton Hotel for the AIBC and Med-Tech World Summits The SiGMA and AGS Europe Summits may have come to an astonishing conclusion on the 16th, but Malta Week is not over yet! Head over to the Hilton Hotel, Saint Julians for KOL-led conferences covering the latest developments from the massive digital health and emerging tech industries. Don't have a ticket? Benefit from all of this and premium networking opportunities by hopping onto the bandwagon and getting your ticket now! The AIBC and Med-Tech World Europe Summits are taking place between the 16th and 18th of November at the Hilton Hotel, Saint Julians, Malta. https://www.youtube.com/watch?v=RrSWHbmNjr0
One of the hottest new game developers out there, Gamzix was established in January 2020 by a seasoned team of industry professionals, and has since released a flurry of exciting slots, ranging from the classic fruit themed Burning Power and 40 Chilli Fruits, through to the video game inspired Hot Life and toon-style The Lion.(more…)
According to the SoftSwiss Game Aggregator 2020 corporate report, “the absolute and relative value of cryptocurrency gambling traffic has increased threefold in 2020, compared to 2019”, said Andrey Starovoitov, COO at SoftSwiss.
Moreover, SoftSwiss Game Aggregator statistics further highlight that cryptocurrency is currently actively used by the whole world, with increasing interest in Canada, Russia, and Latin America.
The SoftSwiss Game Aggregator supports several of the most popular cryptocurrencies, but the undoubted leader was and still is bitcoin with a dominating 90%, and other cryptocurrencies (ETH, LTC in second and third place respectively) holding the remaining 10%.
Finally, the report concludes that the rapidly growing popularity of cryptocurrency as a means of payment leads to a rising interest in crypto gambling, a marketplace previously dominated by fiat. “Bitcoin is no longer exotic. In the coming years, we expect to see even more gaming studios supporting cryptocurrencies in their games, as well as casino operators integrating new crypto payment methods for their players”, adds Andrey Starovoitov.
The SoftSwiss Game Aggregator partners with over 70 game studios globally, providing more than 10,000 different games, 3,000 of which support crypto in-game. This extensive portfolio can be added to any gaming software platform through simple API integration. Furthermore, the solution has a unique customer service model, providing ongoing technical support, as well as a personal account manager with SoftSwiss.
SiGMA Virtual Roadshow:
The SiGMA Roadshow is back. After a successful string of shows in Hong Kong, Estonia and Argentina, SiGMA Group is excited to announce its new venture – the SiGMA Virtual Roadshow. This journey entails several virtual shows across five major regions, focusing on the CIS Region, Europe, Asia, Americas and Africa. The Roadshow involves an interactive platform consisting of mini conferences all discussing hot topics which are, but not limited to, regulation, tax and niche market opportunities. Should you want to be part of the SiGMA Virtual Roadshow - REGISTER HERE.
About Relax GamingRelax Gaming Group was founded in 2010 with the goal of simplifying B2B content delivery for the modern iGaming landscape. With business simplicity and collaboration central to its ethos, its rapid and sustained expansion has been conceived in order to deliver unparalleled global reach. Via a quick one-time integration, Relax Gaming now provides access to a roster of 3000+ casino games and a diverse range of proprietary products, including Poker, Bingo and its own extensive slot portfolio. High-quality aggregated content from more than 75 partner studios, is provided through its selected Silver Bullet (commercially represented) and Powered By Relax (commercially independent) partners. Regulated markets are also at the heart of its growth strategy, with licenses held in multiple jurisdictions including: the Malta Gaming Authority, the Gibraltar Licensing Authority, the UK Gambling Commission and the Romanian National Gaming Office (ONJN). In addition to licensed operations, Relax Gaming fully supports regulated markets such as Denmark, Sweden, Estonia and Latvia. Relax Gaming was acquired by the Kindred Group in July 2021, valuing the company in excess of 300 million Euros. The acquisition accelerates Kindred’s strategy to increase its focus on product and customer experience, as well as strengthening Kindred’s product control and product differentiation capabilities. Join us for SiGMA Americas – Toronto: Toronto is the perfect hub for SiGMA’s growth in North America, making it a nexus of networking and business development in the region with regards to land-based, iGaming, sports betting, and more. Playing host to a massive iGaming industry, Toronto will be the home for the SiGMA Group’s initiative to link the industry pioneers of the continent together for 3 days of networking, workshops, and awards. To learn more about sponsorship and speaking opportunities or to inquire about attending the event, please contact Sophie on [email protected].
Back in September 2020, the German gambling regulatory authorities suggested the introduction of new restrictions on whether on not online casinos in Germany would be able to operate and whether to allow online casinos to exist in Germany at all
The proposed “Glücksspielneuregulierungstaatsvertrag” legislation, or “GlüNeuRStV” as it is more well known, proposed that casinos licensed by German regulatory authorities were given 3 months to implement and comply with the necessary changes required by the introduction of GlüNeuRStV. The GlüNeuRStV was finally approved by the minister presidents in November 2020, meaning that by July 2021, the legislation would officially become part of German Law.(more…)
The landmark deal will include William Hill’s 1,400 UK betting shops which will see the online-only 888 move into the retail channel for the first time. Although many U.K. companies have closed their physical stores after government crackdowns made them less profitable, 888 plans to keep them operational.[caption id="attachment_147244" align="alignright" width="263"] 888 CEO, Itai Pazner[/caption]
Chief Executive Officer Itai Pazner said in an interview.
“It’s a stable business, positive cash flow, profitable — very profitable — so I see no reason not to keep it, and keep investing in it,” he said by phone, referring to the brick-and-mortar stores. “It’s obviously not a significant growth business, but it is a very stable business.”
888 has been a relatively small player in a U.K. betting market dominated by the likes of Flutter Entertainment Plc and Entain Plc. The deal will allow 888 to use the William Hill brand everywhere apart from the U.S, combining a group of more than 12,000 employees with an estimated savings of around £100m a year, along with the potential to increase revenue with enhanced customer proposition and product offerings.
The operator said the acquisition would give it "significantly enhanced exposure to sports betting, the world's largest and fastest-growing online segment, with the addition of an iconic sports brand".
“The acquisition of William Hill International is a transformational and hugely exciting moment in 888’s history,” 888 chief executive Itai Pazner said. “This transaction will create one of the world’s leading online betting and gaming groups with superior scale, exceptional brands, increased diversification, and a platform for strong growth.”
“William Hill is an iconic sports brand, making it the ideal complement to 888, one of the leading global online gaming brands. Our strategies are also complementary, being digitally-led, customer-focused, and committed to player protection and raising industry standards around safer gambling.”
Caesars Entertainment purchased William Hill nearly a year ago for $3.7bn as part of a wider consolidation, which saw several U.S. companies snap up London-listed groups to gain the upper hand on the fast-growing US market after the supreme court legalised sports betting in 2018. Caesar’s lack of interest in William Hill’s high-street shops or non-US online operations prompted a bidding war involving Apollo Capital Management and CVC Capital Partners along with 888.
“We have found an owner for the William Hill business outside the U.S. which shares the same objectives, approaches and longer-term ambitions of that business," Caesars CEO Tom Reeg said.
888 successfully gained £2.1bn in fully committed debt financing from JP Morgan, Morgan Stanley and Mediobanca, including £1.6bn of term loans and £500m of bridge loans/senior secured notes in order to fund the deal. The online gambling firm also obtained a fully committed revolving credit facility of £150m and will attempt to raise £500m by issuing new equity via a capital raise in the near future.
The Acquisition is classified as a reverse takeover under the Listing Rules of the Financial Conduct Authority ("FCA") as such it remains subject to a host of approvals of 888’s shareholders. The betting company has already revealed that it secured the backing of its largest shareholder, its founders’ Dalia Shaked Trust, which holds a 23% stake in the operator. Additionally, 888 and Caesars must also finalise an agreement with Caesars over the restructuring of the William Hill US and non-US businesses.
Subject to satisfying all of these conditions, 888 hopes to finalise the purchase during the first half of 2022.
“We have been incredibly impressed with the William Hill management team, and I look forward to working with them and the wider William Hill team to create great products for our customers, driven by best in class technology, powerful brands, and benefitting from our significantly enhanced scale,” Pazner added.
SiGMA Americas Virtual 2021:
The game developer with a fast-growing portfolio of progressive and renovational casino titles. Zillion’s game portfolio will now be added to the SoftSwiss library, joining more than 11,000 different casino games from global leading game providers.(more…)
The markets are fundamentally immoral. There's no ethical consumption under capitalism.Defences and rebuttals Digressing from his earlier statements, the gambler in question also took the view that, unlike markets that are consistently accepted be immoral, such as buying defence or oil stocks, betting on the submersible had no effect on the outcome. Polymarket also made this statement against the backlash:
If the families were privy to Polymarket, they could use the market as a way to obtain real-time, unbiased probability of the submarine being recovered.The crypto market would go on to explain how this was a far more valuable service to the victim’s families than the media coverage that followed the submersible, invasively describing it as “sensationalist”. Arguing that Polymarket itself was proving true probabilities. SiGMA Europe SiGMA Europe will return this November, promising to be bigger and better than ever. Bringing a wildly diverse wealth of knowledge, industry leading innovations and insights along with a phenomena of premium networking opportunities. https://youtu.be/7zzScAToCeY
The supplier has recently opened an office in Gibraltar after receiving a B2B gaming licence from the Licensing Authority and is soon to establish a base in Stockholm to complement its Malmö office and further cement its presence in the Swedish market.(more…)
Currently, the company has the ambition to take this role for the casinos fans as well. One of the most expensive domains, Casino.online, is part of the portfolio of the company. The super domain had a history with a sale price for $201,250.(more…)
It is quite brutal this year - it's slightly different to the show we did in Australia because the celebrity contestants go head to head in trials and whoever loses leaves," Ant and Dec- Media personalities and hosts of "I'm a Celebrity ... Get Me Out of Here"Gain in traction for betting activity Betting has always been popular with television shows that have a competitive element such as the Eurovision. However with the waning interest in the Eurovision over the last ten years, there has also been a marked decline in betting during the show, once a much-awaited event by tv audiences. While Eurovision and some other shows have typically experienced a downturn in betting interest, other TV programmes are clearly seeing an increase in traction in recent years. There are a number of other UK reality tv shows sponsored by William Hill such as BBC Sports Personality of the Year and Love Island. William Hill is also offering tips on what kind of behaviour to expect from contestants of the show. The show's fans and seasoned tv audiences were therefore not surprised when William Hill announced the partnership with the South Africa series of this show, its first series filmed in South Africa. William Hill promises exciting content, exclusive interviews and great betting tips during the duration of the series which will conclude in three weeks' time. Recovery after a record-breaking fine William Hill recently was hit with a record-breaking £23.9 million penalty by the UK Gambling Commission. It has been an eye-opening experience for the company. After such a huge financial loss as a result of the fine, the Company is working on avoiding any similar reputational risks in the future. Partnering with a much-loved, high profile show will certainly help William Hill's customers gain confidence in the brand. The good publicity through its partnership with the tv show will bring back the company's positive exposure to the forefront. I’m A Celebrity South Africa I’m A Celebrity: South Africa started to air on Monday this week. The show will continue to air each weekday at 9pm GMT via ITV in the UK and is also available online for international audiences. The series will go on for three weeks, with a grand finale on Friday, 12 May. There will be many more celebrities taking part in the series but viewers will have to watch to find out who they are and when they will enter camp. Related topics: Overcoming identity verification in Brazilian gaming sector SiGMA Insight: Paving the way for ESG in the gaming sector SiGMA Insight: Gaming in Thailand STOP PRESS: SiGMA Americas – World iGaming Festival will take place in Sao Paolo from 14 -18 June.
The strengthened cooperation with the financial supervisory authority will provide good conditions for all tools to be used efficiently, which we see as positive.[caption id="attachment_840898" align="alignleft" width="300"] Sveriges riksdag, Stockholm, Sweden.[/caption] To support this new push towards regulatory improvement, the Swedish government also confirmed that a funding boost would be afforded to Spelinspektionen to aid the strengthening of their powers. The figure estimated at something close to SEK2.4 million formed part of the spring 2023 budgetary amendment which is expected to be passed in June. This push comes as a direct result of the Enhanced Gambling Regulations Bill, passed into law back in November. Seeking to alter the landscape of Swedish gaming in its entirety, which regardless of result will most certainly require effective and timely regulatory protections for problem gamblers. SiGMA Europe SiGMA Europe will return this November, promising to be bigger and better than ever. Bringing a wildly diverse wealth of knowledge, industry leading innovations and insights along with a phenomena of premium networking opportunities. https://youtu.be/7zzScAToCeY
Founded by the real estate company, the foundation focuses on supporting children with chronic disease. In collaboration with Beating Hearts Foundation Malta, RE/MAX & Friends Foundation has now published an exclusive coffee table book that will raise funds for the purchase of much-needed equipment to detect congenital heart disease (CHD) during pregnancy.
Speaking of the coffee table book, RE/MAX & Friends Foundation board member Jeff Buttigieg (seen left) says:(more…)
BeyondPlay continues to innovate, developing exciting technology for the online casino market. The company’s software provides more fun and engaging experiences to consumers through jackpots and emerging multiplayer capabilities that make any content playable with friends. We are thrilled to back BeyondPlay’s team of experienced industry professionals, including a founder and leader in the online casino space like Karolina, as the company takes its next steps in its journey to launch.” David VanEgmond, Founder and CEO - Bettor CapitalBeyondPlay's expansion programme will be supported by strategic investment, with a focus on completing the final phase of its revolutionary Multiplayer software and extending the product offering with new features and verticals into new sectors. Funds will be used to enhance BeyondPlay's team in preparation for the various launches planned for 2023/24, with a particular emphasis on entering North American markets. And yet another milestone
This is another major milestone for BeyondPlay, and we’re excited to have secured the confidence and support of such reputable and knowledgeable investors. A combination of Bettor Capital’s leading strategic expertise and the mindsets and experience of some of the industry’s most successful serial entrepreneurs will take our growth to the next level." Karolina Pelc, Founder and CEO - Beyond PlayPelc added that the company's funding target exceeded expectations and this is proof of the hard work and dedication of BeyondPlay as a team. She added that balanced risks are needed for innovation and the company's momentum towards expansion has been recognised and trusted by the interest from investors. Only a few weeks ago, BeyondPlay was granted a Remote Casino Host and Gambling Software Licence by the British Gambling Commission in addition to the B2B Critical Supply Licence granted by the Malta Gaming Authority in December 2022. Additional license applications are currently being processed as the start-up prepares for the first of many planned operator launches. Related topics: Milestone for Karolina Pelc as BeyondPlay acquires UKGC licence
To achieve greatness in this game, there's no substitute for hard work, day in and day out. Consistency is the key. There are no shortcuts to success, only the grind. You must remain adaptable, stay nimble, and be ready to pivot at a moment's notice. Personally, I've been sharpening my boxing defence of late, because I know that in this sport, there's always room for improvement. It's all about putting in the work, respecting the process, and staying humble along the wayCommenting on his career, 95% finish rate and recent 2-win streak, Johnny Walker shared his insight on the key to success in MMA. The conversation then shifted gears to Roberto Gallo's ground-breaking efforts to merge the worlds of MMA and iGaming, leveraging the tremendous potential of both industries to create new and exciting opportunities for fans and players alike. Describing himself as “just a smart guy with an ambitious plan,” he remarked on his ongoing collaboration with SiGMA to reach this end. “We are happy to be collaborating with SiGMA when it comes to our vision of linking iGaming to MMA Fighting. The iGaming industry is booming with action, and MMA has everything other entertainment venues have to offer to the industry.” Fielding questions from an engaged audience, Gallo shared his thoughts on the formidable challenges of navigating the regulatory landscape while striving to change the MMA game. Despite the obstacles, Roberto Gallo remains undaunted in his pursuit of pushing the boundaries and elevating the sport to new heights. Centurion FC Centurion FC, a premier MMA organisation, prides itself on delivering a captivating show for its audience. With a commitment to pushing boundaries and exploring new possibilities, the company is currently embarking on a significant rebranding effort to enhance its appeal and reach. Central to this effort is a strategic focus on South America, where the company recognizes the importance of a nuanced approach and a deep understanding of the market. By prioritising their due diligence and ensuring they know the game, Centurion FC aims to deliver an unforgettable experience to fans, cementing its position as a dominant force in the MMA world. Catch Centurion FC’s MMA Fight: Rex Deserti 2023 - 15th March at 19:30 Get ready, fight fans! Centurion FC is roaring back into the fray, and Dubai is their battleground. Brace yourselves for an epic clash between titans of the ring in a no-holds-barred showdown that will leave you breathless. Presenting elite fighters who have trained relentlessly, honing their skills and thirsting for glory. On March 15th, 2023, they'll step into the arena and leave it all on the line, battling with every ounce of pride and passion in their hearts. Don't miss a minute of the electrifying action as Centurion FC once again redefines the limits of MMA excellence. Grab your tickets here!
Jim Partners has been active in the industry since 2017, and has become a direct advertiser for seven different online casinos, including the likes of Slottica, LuckyBird, SlottyWay, Loki and others… The company is currently working for a large audience in many countries including Switzerland, Chile, Australia, South Africa, Poland and more…(more…)
32Red is one of the most recognised online casino brands in the UK and has won multiple awards, highlighting their dedication to the player experience and great customer service. The primary goal of their partnership with Fast Track has been for the team to be able to achieve greater flexibility in their campaigns with less manual labour. Fast Track’s platform provides them with the rich real-time data and automation capabilities that are key to achieving this.(more…)