Soft2Bet appoints David Yatom as General Counsel
Soft2Bet, casino and sportsbook platform provider, hires David Yatom to lead their legal, regulatory, and compliance teams in his new position as General Counsel.
Yatom is joining Soft2Bet after accumulating significant experience both as a private and in-house legal expert. Yatom’s rich background as a corporate, commercial, and regulatory legal consultant, coupled with his expertise in the online gaming industry, makes him an important addition to the Soft2Bet team. Yatom previously acted as the General Counsel for SBTech and later on, after taking material part in the latter’s business combination agreement with Diamond Eagle Acquisition and DraftKings, assumed the role of senior director of legal at Draftkings.
As soft2Bet’s General Counsel, Yatom will spearhead Soft2Bet’s legal and compliance initiatives and continue to promote the company’s strategy of expanding and focusing on existing and emerging regulatory markets, as well as playing a vital role in outlining Soft2Bet’s corporate and commercial strategy.
Uri Poliavich, CEO of Soft2Bet remarked: “We deeply value David Yatom’s substantial experience and believe he will provide exceptional guidance and insights that will enhance our existing legal advisory services. He understands the core values of Soft2Bet and will lead our presence in the industry.”
David Yatom, General Council at Soft2Bet, added: “I am excited to join Soft2Bet. During its relatively short time of operation, Soft2Bet managed to position itself as a key player in the online gambling industry. The company has an amazing group of professional, enthusiastic and dedicated individuals that give Soft2Bet capability and potential to become one of the most significant players in the online gaming industry. I strongly believe in the company’s unique product, technology and innovative capability. Soft2Bet has a highly capable and dynamic management team and I very much look forward to working with them to jointly accomplish Soft2Bet’s long term strategic goals.”
Gaming Corps granted official Sweden licence
Agreement will run for five years as Gaming Corps adds home country to growing list of licenced territories
Up-and-coming games developer Gaming Corps has received permission from the Swedish Gaming Authority to manage gaming software in its native Sweden.
The licence will be valid for five years, and this development meets the requirement that all gaming software suppliers must hold a licence by 1 July to offer their services in Sweden.
Gaming Corps is a Swedish games developer with a background in video games that is now experiencing growth in the iGaming sector. Its diverse portfolio consists of premium Crash, Mine, Table and Slot games, as well as a certified Plinko. This includes a range of successful titles, such as Coin Miner, Penalty Champion, Jet Lucky 2, Raging Zeus Mines & Aztec Bonus Pot.
Sweden will be added to the growing list of territories where Gaming Corps is approved, after meeting requirements and securing licences in Gibraltar, the Netherlands, Greece, Estonia and Spain.
Juha Kauppinen, Gaming Corps’ CEO, said: “It is gratifying for us that more and more markets are moving towards regulation, and we are pleased to become an official licensee in Sweden as we continue to grow the number of markets where players can enjoy our premium game content.
“The new licence regulations in Sweden are a very positive step to help protect players and promote safer gambling, and we are very happy to offer our games to players in line with these new regulations as a licensed games developer.”
UKGC Imposes £490,000 Fine on PPB
The UK Gambling Commission (UKGC) has imposed a fine of £490,000 on PPB Counterparty Services Limited, trading as Paddy Power and Betfair, for sending promotional push notifications to devices linked to customers who had self-excluded.
On 21 November 2021, the operator’s app distributed an offer of enhanced odds for bets on an English Premier League football match to devices either linked to accounts that were GAMSTOP registered or devices linked to accounts that were self-excluded with the Licensee.
This action breached Commission rules requiring gambling businesses to take all reasonable steps to prevent any marketing material being sent to a self-excluded customer, and to take steps to remove the name and details of a self-excluded individual from any marketing databases within two days of receiving the completed self-exclusion notification.
Kay Roberts, Gambling Commission Executive Director of Operations, said: “Although there is no evidence the marketing was intentional, nor that all the people with apps saw the notification or that self-excluded customers were allowed to gamble, we take such breaches seriously.
“We would advise all operators to learn from the operator’s failures and ensure their systems are robust enough to always prevent self-excluded customers from being sent promotional material.”
Entain Partnership with TAB New Zealand Receives Government Approval
Entain plc announced that its strategic partnership with TAB New Zealand (TAB NZ) has received approval from the New Zealand Minister for Racing.
As announced on 28 March 2023, the 25-year strategic partnership terms include a total consideration payable by Entain and an ongoing gross profit share arrangement.
Subject to conditions of completion, the strategic partnership is expected to commence on 1 June 2023.
Dean Shannon, CEO of Entain Australia, said: “We are delighted and honoured to have received Ministerial approval to finalise the strategic partnering agreement between TAB NZ and Entain Australia.
“We believe this 25-year strategic partnering arrangement will be a game-changer for sports betting in New Zealand and we are pleased that it will help provide significant financial benefits to the three New Zealand racing codes and the vast array of national sporting organisations.
“Entain is a business built on innovation and being customer focused and we look forward to connecting further with the great team at TAB NZ to introduce a range of new world class products, services and player safety tools to the loyal TAB NZ customer base.”
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