Leading platform and software provider EveryMatrix has signed terms to use Complitech, the technical compliance database for the online gaming industry.
EveryMatrix holds igaming software supplier licences both in EMEA and the United States and is a leading B2B provider delivering iGaming software, solutions, content and services for casino, sports betting, payments, and affiliate-agent management to tier-1 operators as well as to newer brands.
With Complitech, EveryMatrix will gain access to a powerful database which provides updated and complete technical compliance requirements for more than 50 regulated jurisdictions around the world. It also features a set of gap analysis tools to accurately assess the workload of new market entries based on the markets where a product is already live.
Mina Bolînu, Lead Technical Compliance Officer at EveryMatrix, said: “We are delighted to start using the services provided by Maxima Compliance that will improve our throughput and accuracy in navigating our industry’s constantly changing regulatory landscape.”
Miriam McCoull, Head of Complitech at Maxima Compliance – a ComplianceOne Group company, said: “We’re really honoured to see a supplier as respected as EveryMatrix place Complitech at the heart of its approach to technical compliance. The Complitech database is trusted by those looking to achieve both excellence and efficiency across their compliance function. With new markets and functionality added on an on-going basis, it is a must-have tool for suppliers in regulated markets.”
Complitech is delivered to partners by technical compliance firm Maxima Compliance – part of ComplianceOne Group – on a subscription basis.
Aspire Global Facing Pair of Legal Battles
Prominent online gaming software and platform provider Aspire Global has been named as the defendant in a pair of court cases that could potentially result in it being ordered to pay compensation totaling up to €101 million ($109 million).
In the first complaint, Aspire Global is being sued in the United Kingdom by the founders of sports betting software, solutions and services provider BtoBet, Alessandro Fried and Igor Lestar, for €36 million ($39 million). This pair inked a deal in 2020 to sell their company to the Malta-based defendant in exchange for an upfront payment of some €20 million ($21.6 million) as well as an earn-out consideration tied to future earnings before tax.
However, Fried and Lestar through their Sousa Enterprises Limited and Eltsar Limited entities are alleging Aspire Global, which was last year acquired by NeoGames as part of a deal worth some €402.3 million ($423.5 million), violated the terms of this share purchase agreement by spending too little and not charging enough so as to deliberately decrease revenues and the subsequent earn-out sum.
The complex case with its many intricacies is not expected to go to trial before 2025 but could well result in Aspire Global being ordered to pay more than the €36 million headline figure. The financial implications are even more concerning as the defendant’s NeoGames parent is currently in the process of being acquired by Aristocrat in an arrangement valued at north of €1 billion.
In the United States and Aspire Global has also been separately named as the offender in an action brought by Ebet Incorporated, which is the operator of the Karamba, Griffon Casino, Hopa, Generation VIP, Scratch2Cash, Gogawi, Dansk 777 and Bet Target iGaming brands. This Nevada action is seeking some €65 million ($70 million) embracing compensatory damages, punitive fines and other financial penalties to be proven at trial and moreover names AG Communications and other affiliated entities as defendants.
Ebet Incorporated acquired specific business-to-consumer (B2C) assets and associated websites from Aspire Global in 2021 and simultaneously entered into a ‘white-label’ operator agreement embracing collaborative efforts on the future running of the purchased assets. The plaintiff is claiming the defendants breached these deals by manipulating their books to falsify and overstate active player data and exaggerate the health of the acquired properties.
As if this wasn’t bad enough, Aspire Global is furthermore being accused by Ebet Incorporated of violating the terms of the agreements by materially failing to maintain necessary operations in Germany, falsifying records and violating industry regulations. The allegations could potentially shape the future trajectories of these companies as they also run to reputational harm, fraud, breach of contract and other unnamed violations due to be proven during the course of the trial.
Habanero obtains Swedish B2B licence for slots and RNG portfolio
Premium slots and table games provider Habanero has been granted a licence from the Swedish Gambling Authority (SGA) in a move which will further boost its presence in Europe.
The supplier is now permitted to provide its entire full catalogue of games to operators in the region, including the likes of perennially popular player-favourites such as Hot Hot Fruit, Mystic Fortune Deluxe and Santa’s Village.
Marking the latest milestone for Habanero, it follows the provider’s MGA licence award as well as approvals in the likes of Romania, the Argentinian-regulated City and Province of Buenos Aires, and Panama.
Habanero is now live in 22 European markets and has major agreements with tier-one operators such as Entain, Sisal, Sportium and Betway.
Commenting on its latest licence, Arcangelo Lonoce, Head of Business Development at Habanero, said: “Being awarded our Swedish licence is both gratifying and exciting for Habanero as we look to scale up our operations in the market and partner with leading stakeholders to bring the wonderful world of Habanero to even more players than ever before.
“This new licence is a testament to our dedication to our adaptability as well as our commitment to navigating and complying with regulatory landscapes worldwide.”
ELA Games obtains the MGA Recognition Notice
ELA Games is delighted to announce that it has been authorized by the Malta Gaming Authority. Marking the beginning of our expansion into select global markets in collaboration with MGA.
ELA Games continues its strategic expansion in Europe and it is another major step in its ability to access distribution and commercial partnerships with companies based in the iGaming hub of Malta.
Mike Cini, Business Owner at ELA Games, commented: “We’re delighted to have obtained our MGA Recognition Notice as it is another major milestone in our regulatory expansion. Malta is the leading iGaming hub in Europe and being authorized there will enable us to work even more closely with our operators and bring player engagement to the next level for our partners.”
ELA Games focuses on producing high quality products that are stacked with gamification features, quality design and animation. Recent releases include Vikings Wild Cash and Lucky Dwarfs. They have already received amazing feedback from operators and players and the studio looks forward to signing more partnerships and launching more games in the coming months.
Pragmatic Play Multiplies the Excitement with Lucky 6 Roulette
Rhino.Bet Names Henry Brooke as its Horse Racing Ambassador
Nordcurrent turns players into fashion designers with UGC marketplace
Ultra PC Gamer Research Exposes Continued Struggle with Pricing and Discoverability on PC
Why Counter-Strike 2 is a Big Deal in Esports
Wazdan’s Sacred Scripture Holds the Power of Good Fortune in Book of Faith
UltraPlay at SiGMA Europe Summit, Malta 2023
Hipther Expands Strategic Media Coverage in the Gaming Industry
Xtremepush Expands Brazilian Footprint with Playr.Bet Deal
Amusnet to Showcase its Top-notch Casino Solutions at SiGMA Europe 2023
EGT Installs its Gaming Equipments at Grand Palace Casino in Cameroon
South African Casino Player Celebrates Striking Wins on Various Slot Games
GambleAware publishes independent review of scale used to identify gambling harm
BETBY ready to make an impact at SiGMA Europe
Smartsoft has officially stepped into the digital sponsorship role for the Argentine football team
Wazdan Thrives at SBC Latinoamerica: A Remarkable Journey of Networking and Innovation
Compliance Updates6 days ago
Spillemyndigheden Issues DKK100,000 in Fines for Illegal Games Advertising
Affiliate Industry5 days ago
2rbo Affiliates Shortlisted for Best Newcomer at iGB Affiliate Awards 2024
Gaming6 days ago
Global Video Games Market Report, 2022 and 2023-2030: With “Speed Being the King” in Gaming, Growing Fiber to Home (FTTH) Connections Bolster Growth
Compliance Updates6 days ago
Salsa Technology Launches Salsa Safe, a Dedicated Platform for iGaming Regulators
Gaming6 days ago
Outstanding talent’ underpins iGB Affiliate Award shortlist
Latin America6 days ago
ESA Gaming partners with Novibet for global distribution deal
Compliance Updates6 days ago
ClearStake awarded ISO 27001 certification cementing its position as a trusted financial risk check provider
Latest News6 days ago
BetMGM brings a taste of Las Vegas to Newcastle’s showpiece Fighting Fifth Hurdle