Australia
The Micro Lottery Pioneer, Honeypotlotto Opens Investor Round for Northern Territory, Australian Licence
Having shaken the European market with their micro lottery games and software offering, Honeypotlotto has opened an investor round seeking interested parties to participate in their latest growth strategy, obtaining a Northern Territory (NT) lottery licence in Australia.
The Australian start-up and ex-Maltese licensed on-line lottery has been shaking up the traditional lottery market since 2017 by offering their micro lottery format which provide more frequent smaller wins and better odds than the mega lotteries.
The company philosophy is a ‘small win goes a long way’. Rodney Andriolo from Honeypotlotto is not shy in stating that the vision “is about understanding what your odds are, and we are all about small wins not big jackpots. Our games are easy to understand and play, exactly what the lottery consumer is looking for in the digital age”
The quiet achievers have been expanding their software offering into the B2B market and a beta Raffle as a Service (RaaS) platform offering. A first to market opportunity exists with Honeypotlotto “well positioned to launch its new offerings via an NT licence”.
Australia
Newcastle Hotel Fined for Gaming Machine Offences
Newcastle hotel out of pocket $7,540 for gaming machine offences
A Newcastle hotel has been fined $7,540 after being convicted of operating gaming machines outside authorised hours.
The licensee of the Royal Inn Hotel at Waratah pleaded guilty to 13 offences under the Gaming Machines Act 2001 in Downing Centre Local Court on March 11 following an investigation by Liquor & Gaming NSW.
Executive Director of Regulatory Operations, Jane Lin, said these were serious breaches of the state’s gaming laws.
“These restrictions are in place to reduce the risks of gambling harm by limiting the time patrons can spend playing gaming machines,” Lin said. “Apart from breaking the law, the Royal Inn Hotel placed its patrons at greater risk of gambling harm. As this case shows, venues that fail to abide by gaming machine trading hours can expect to be caught and face significant penalties.”
Liquor & Gaming NSW reviewed the hotel’s gaming activity and found that on Saturday, April 15, 22 and 29, 2023, gaming machines were operated during the shutdown period from 1am to 7am. The hotel submitted to the court that the breaches were a genuine misunderstanding of the licence conditions by the approved manager.
In sentencing, the magistrate noted the onus was on the licensee to ensure staff were appropriately trained and that a message had to be sent to those venues, which had the highly profitable right of operating gaming machines in New South Wales.
For free, confidential advice and support, call GambleAware on 1800 858 858 24/7 or visit www. GambleAware.nsw. gov. au.
Australia
AUSTRAC Commences Investigation into Online Betting Company Bet365
AUSTRAC has commenced an enforcement investigation into Hillside (Australia New Media) Pty Limited (bet365).
The investigation will focus on whether bet365 has complied with its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and follows a supervisory campaign of entities within the corporate bookmaker sector and AUSTRAC’s consideration of the external audit report received following AUSTRAC’s order to bet365 to appoint an external auditor.
AUSTRAC CEO Brendan Thomas, said betting agencies, like all regulated entities, have a significant role to play in combating financial crime.
“Corporate bookmakers must have robust systems in place to ensure they can manage and mitigate risks associated with money laundering and terrorism financing,” Mr Thomas said.
“Businesses without adequate processes in place to manage those risks leave themselves vulnerable to exploitation by criminals.”
Australia
Aristocrat Appoints Matthew Primmer as Chief Product Officer
Aristocrat Leisure Ltd announced the appointment of Mr Matthew (Matt) Primmer to the position of Chief Product Officer, reporting directly to Aristocrat CEO & Managing Director Trevor Croker. Mr Primmer’s appointment is effective immediately. He will join Aristocrat’s Executive Steering Committee, and remain based at the company’s offices in Las Vegas, Nevada.
Mr Primmer comes to the role with over 20 years’ experience in the global gaming industry, including ten years at Aristocrat in a range of senior product strategy, insights and leadership roles in Australia and the US. Mr Primmer has been Chief Product Officer at Aristocrat Gaming for four years, leading Design & Development (D&D) in Aristocrat’s largest operating business, with casino game content and hardware comprising its most strategically important portfolios. Mr Primmer previously held marketing and sales roles at Ainsworth Game Technology and Shuffle Master. Mr Primmer holds a Bachelor of Commerce from the University of Wollongong.
“I am delighted to elevate a global gaming executive of Matt’s calibre to our leadership team. Over the past decade, Matt has made a strong contribution to building and extending Aristocrat Gaming’s global product leadership, fostering our outstanding creative and technical talent, championing D&D and placing customer needs at the centre of our product strategy,” Mr Croker said.
“Matt’s appointment brings additional, proven gaming experience to the executive team. In his new role, Matt will help us maintain an enterprise view of product strategy as our business grows to encompass a broader range of product verticals, while also ensuring the most effective allocation of D&D investment” Croker added.
-
Central Europe6 days ago
Sponsors Spotlight: Pixpel Makes Crypto Games Safe and Fun for Players and Developers in Web3
-
Asia5 days ago
Tencent benefits from multiple new game launches on Steam
-
Australia6 days ago
Newcastle Hotel Fined for Gaming Machine Offences
-
Industry News6 days ago
Entain Appoints Ronald J. Kramer as Independent Non-Executive Director
-
Compliance Updates6 days ago
UK Gambling Commission Adds Nine Members to its Industry Forum
-
Latest News6 days ago
Lottoland selects DoTrust Complete to streamline financial risk checks on gamblers
-
Latest News4 days ago
Week 11/2024 slot games releases
-
Africa6 days ago
EGT Digital took the “Outstanding Contribution to Responsible Gaming of the Year” prize from SiGMA Africa Awards