Connect with us
SIS

Australia

Royal Wins Secures World’s First Pure Skill Real Money Gaming License

Niji Narayan

Published

on

Royal Wins Secures World’s First Pure Skill Real Money Gaming License
Reading Time: < 1 minute

 

Royal Wins, the Australian based digital games studio pioneering in real money skills, has secured the world’s first pure skill real money gaming license.

Pure skill gaming is a term in the online real money gaming industry. Players will get the opportunity to win real cash prizes based on their ability to play a game without a pre-determined outcome.

The Kahnawake Gaming Commission is the first gaming commission to establish globally recognised parameters and guidelines for pure skill gaming licenses.

Royal Wins expects the license to be the beginning of many opportunities for the business as it now moves to rapidly scale up its skill games offerings to a regulated worldwide audience. The company also expects now to further expand on its skill gaming licenses by applying to other global jurisdictions as they become available.

Advertisement
Kasynos.Online

Australia

Tabcorp Revenue Declines 5.7% During Three Months to September 2020

Niji Narayan

Published

on

Tabcorp Revenue Declines 5.7% During Three Months to September 2020
Reading Time: < 1 minute

 

Australia’s Tabcorp has reported a 5.7% decline in revenue for the three months to September 2020.

The trading update formed part of an investor presentation at the company’s AGM, with Managing Director and CEO David Attenborough revealing the slight 5.7% decline was mainly felt in its Gaming Services segment which fell 55.2% on the closure of licensed venues. Lotteries and Keno revenue was down 6.9% year-on-year with Wagering and Media down 2.9%.

“The duration and severity of COVID-19 is unclear, however Tabcorp remains well placed with our resilient, diversified earnings base and strengthened balance sheet,” Attenborough said.

Continue Reading

Australia

AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns

Niji Narayan

Published

on

AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns
Reading Time: < 1 minute

 

AUSTRAC, Australia’s financial crime watchdog, has launched a formal investigation into potential infringements of the country’s anti-money laundering laws by Crown Resorts.

In a Monday morning filing with the Australian Securities Exchange, Crown revealed that it had been informed of the investigation by AUSTRAC after the authority’s Regulatory Operations branch identified potential non-compliance by Crown Melbourne of the Anti-Money Laundering and Counter Terrorism Financing Act 2006 and the Anti-Money Laundering and Counter Terrorism Financing Rules 2007.

The potential non-compliance relates to “ongoing customer due diligence, and adopting, maintain and complying with an anti-money laundering/counter terrorism financing program,” Crown said.

It added that the concerns were identified “in the course of a compliance assessment that commenced in September 2019 and focused on Crown Melbourne’s management of customers identified as high risk and politically exposed persons.”

Continue Reading

Australia

ACMA Moves to Block Two More Illegal Gambling Websites

Niji Narayan

Published

on

ACMA Moves to Block Two More Illegal Gambling Websites
Reading Time: < 1 minute

 

The Australian Communications and Media Authority (ACMA) is set to request the Australian internet service providers (ISPs) to block two more illegal offshore gambling websites.

The sites to be blocked are Dinkum Pokies and Fortune Clock Casino. Following numerous complaints about these services, including complaints about withholding winnings and poor player treatment, ACMA undertook investigations that found them to be operating in breach of the Interactive Gambling Act 2001.

Website blocking is one of a range of enforcement options to protect Australians against illegal online gambling. Since the ACMA made its first blocking request in November 2019, 150 illegal gambling websites have been blocked.

Continue Reading
Advertisement
NSoft

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.

Kasynos.Online